STR Vice President of Analytics Isaac Collazo knows "there are some storm clouds on the horizon" heading into 2023, but he expects most news to be good news for the hotel industry even as the broader economy heads to a recession. "It's just going to be different," he said. "It's just going to be a little slower growth than what we've seen over the last 12 to 18 months, but again, it's growth."
U.S. hotel performance came in higher than the previous week and showed improved comparisons to 2019 on the favorable side of a holiday calendar shift, according to STR‘s latest data through 31 December.
Mission Hill Hospitality, a KSL Capital Partners portfolio company focused on transforming select service and extended stay hotel investing, announced it has acquired the Hanover Lebanon Courtyard by Marriott, a 124-key property located at 10 Morgan Drive in Lebanon, NH. This is the company’s first investment in New Hampshire and its seventh in New England. Hanover Lebanon Courtyard by Marriott is the 25th hotel added to the Mission Hill Hospitality portfolio since the company was launched in March 2021. Terms of the deal are undisclosed.
Consistently on the cutting edge of the lodging industry and now recognizing the growing need for affordable living options throughout the country and beyond, this leading Chicago-based hotel investment and management company announces brand new multifamily venture.
Marriott Vacations Worldwide Corporation (NYSE: VAC) ("MVW" or the "Company") today announced the promotion of Stephanie Sobeck Butera to the position of Executive Vice President and Chief Operating Officer of Hyatt Vacation Ownership (HVO). Ms. Butera has spent nearly 25 years in the industry developing, operating, and leading mid and upscale leisure products and customer service strategies. Over the course of her career with the Company, Ms. Butera has held leadership roles across sales operations, development, asset management, customer service, inventory management, and financial planning. As part of this appointment, Ms. Butera is now part of the Company's Executive Leadership Team and continues to report to John E. Geller, Jr., who recently assumed the position of President & Chief Executive Officer at MVW as of January 1, 2023, and Brian Miller, President of Vacation Ownership at MVW.
LRE & Companies, a full spectrum real estate development, asset manager, construction, and hotel management company, has unveiled plans for Fernley Promenade, a 13-acre mixed-used development project comprising of industrial, retail, and hotel, in Fernley, NV, one of the fastest-growing cities in The Silver State.
This October, Geronimo Hospitality Group traveled to sunny California to attend the Boutique Hotel Owners Conference hosted by BLLA at the Westlake Village Inn in the Los Angeles area.
New Talavera General Manager Michael Elortegui joins Four Seasons most recently from Bourbon Steak at the Fairmont Scottsdale Princess, where he was the senior restaurant manager. Prior to that, he gained valuable restaurant management experience in Hawaii at the Fairmont Orchid, and in California at multiple hotels and resorts. Elortegui is originally from Miami, but has been on the west coast since 2015. Prior to his time in the hospitality world, he participated in professional global tennis tournaments in the United Kingdom and throughout Europe. Elortegui earned his Bachelor's Degree from Niagara University, followed by time spent in London achieving his Master's Degree in international relations from the University of East London.
New Chef de Cuisine Jesus Figueroa's most recent role was as executive chef at ETTA, a concept created by Michelin-starred chef Danny Grant. He also opened Renata's Hearth at Arizona Biltmore as executive chef. Figueroa honed his skills prior to that at locally acclaimed restaurants including Cafe Monarch and Tarbell's. Figueroa also spent time working outside of Arizona, in Chicago at Michelin-rated Boka restaurant, Jean-Georges at the Ambassador Inn and Bohemian Groove in Sonoma, among other spots. A graduate of the University of Central Florida with a degree in hospitality management, Figueroa learned to love cooking watching his mother, and ended up in a professional kitchen by harnessing his degree in hotels with his love of the culinary arts.
Global Hotel Group has announced that it opened its doors to the converted Ramada Plaza Monroe as the new DoubleTree by Hilton Monroe Township Cranbury on December 21, 2022. The conversion includes renovations to the building exterior, all public spaces, meeting and banquet rooms, guest rooms and the restaurant. The 150-room full-service hotel will be operated by Global Hotel Group.
In an article we published in February 2021, before the COVID-19 vaccines were broadly rolled out, we suggested to owners of hotels in Florida, and waterfront hotels in the Sunshine State in particular, that their assets would soon be in high demand.
Mike Sampson, who has been serving as interim general manager of Hard Rock Hotel & Casino Atlantic City, has been promoted to General Manager effective Jan. 30, 2023, pending regulatory approval. He will report to Goldhoff.
In his new role of President, Goldhoff will focus on financial performance, market share growth, team member engagement and development, guest experience and support of the greater Atlantic City community.
Halekulani, Oahu's most acclaimed luxury hotel just steps away from Waikiki beach, today announces the appointment of Davide Barnes to the position of Hotel Manager at Halekulani. Mr. Barnes, who brings with him extensive luxury leadership experience across numerous iconic hotels around the world, will join Halekulani on Jan. 16, 2023 and will be responsible for directing all aspects of day-to-day management and operations of the legendary 453-room property. The announcement was made by Peter Shaindlin, Chief Operating Officer of Halekulani Corporation.
Coast Hotels Limited, a fully owned subsidiary of APA Hotel Canada, Inc. and one of North America’s fastest-growing and one of Canada’s largest hotel brands, today announced that it has completed the acquisition of a master franchise agreement inclusive of all existing franchised hotels from Coast Hotels USA, LLC.
Leading hospitality management company Charlestowne Hotels is primed for portfolio-wide growth in 2023 after introducing additional leadership positions to its corporate office.
Officials of Everwood Hospitality Partners (EHP), a leading hotel owner/operator with a growing portfolio of lifestyle, full- and select-service hotels nationwide, today announced the company has acquired the 184-room LaQuinta I Drive/Convention Center hotel in Orlando, Fla. from Cavalier Florida, LP.
Researchers at the University of Houston Conrad N. Hilton College of Global Hospitality Leadership say many skilled hospitality workers who were furloughed or laid off during the COVID-19 pandemic are angry and unlikely to return to the industry.
HEI Hotels & Resorts, one of the nation's leading operators of institutionally owned full-service hotels with a portfolio of more than 90 properties across the United States, recently announced that it has assumed management of the 312-room Austin Southpark Hotel. Owned by L+R Hotels, Hotel Southpark is located in the heart of South Austin, Texas providing easy access to the best of the city and Austin’s flourishing high-tech corridor.
Today, Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, announced that Pyramid Global Hospitality has expanded its long-standing relationship with Knowland, implementing the group data solution in additional properties and utilizing the platform across its Americas portfolio.