Bonus Depreciation is fading away over the next 5 years. With the help of the IRS Section 179 Deduction and still powerful Bonus Depreciation, lodging Owners can save thousands of dollars in federal income tax savings in 2022 and beyond.
Proper Hospitality announces today the addition of the iconic Culver Hotel to The Collective – a growing portfolio of independent, design-driven boutique hotels managed and operated by the Los Angeles-based hospitality group.
Today, hotel owner, operator, and developer Hotel Equities (“HE”) announced the launch of its new Lifestyle division. HE’s alliance with Greenwood Hospitality combines Greenwood’s extensive collection of lifestyle and luxury hotels with HE’s portfolio of award-winning focused and full-service hotels.
What began as an eight-year-old's dream of becoming a chef transformed into a life-long passion for the hospitality industry. It is with much pride that Four Seasons Hotel New Orleans announces the internal promotion of Christopher Jordan to Hotel Manager. With a heart for service, Christopher stood out as the ideal candidate.
Oxford Hotels & Resorts, LLC and The Godfrey Hotel Hollywood announce the appointment of Konstantine Kabilafkas as general manager of the brand's first west coast location. Bringing more than two decades of industry experience, Kabilafkas now oversees operations of the 220-room luxury lifestyle property, including onsite amenities like its food & beverage outlets, including the SoCal-centric restaurant and bar About Last Knife (ALK); a courtyard event space; and the 12,000 square foot I|O Rooftop—the largest public rooftop space in Los Angeles—which boasts a 70-foot projection mapping video wall, two bars, swimming pool, fire pits, and water feature. Sponsored and managed by Oxford Capital Group, LLC and Oxford Hotels & Resorts, LLC, respectively, The Godfrey Hotel Hollywood is Oxford's 10th California property, and 12th in the Western region.
Any optimism for a post-COVID resurgence of hotel lending activity has evaporated as the market stalls in the face of the highest interest rate environment in over a decade. The surging economic uncertainty is undoubtedly impacting the level of angst many hotel owners are feeling at the moment. The magnitude and unpredictability of changing loan underwriting assumptions in the past sixty to ninety days alone have meaningfully increased investment risk.
The Marcus Corporation (NYSE: MCS) today announced that Rolando B. Rodriguez, executive vice president of The Marcus Corporation and chairman, president, and chief executive officer of Marcus Theatres, will retire on October 1, 2022. Mark A. Gramz, executive vice president of Marcus Theatres and long-standing associate of the company, will be promoted to president of Marcus Theatres upon Rodriguez’s retirement.
The Hotel Martinique (560 rooms) at the northeast corner of Broadway and 32nd Street was constructed in three phases in 1897-98, 1901-03 and 1909-11. Developer William R. H. Martin built and expanded his hotel because the center of theater life had moved up Broadway to 39th Street where the Metropolitan Opera House had been built in 1883.
Noble House Hotels & Resorts, Ltd., a hotel ownership and management group with a collection of 25 distinct and visually captivating properties, today announced the acquisition of 50% ownership in The Marquesa Hotel, and the award-winning Café Marquesa, in Key West, Florida. Current owners and operators of 35 years, Carol Wightman, Erik deBoer and Derek deBoer, will continue to own the remaining interest in the hotel. Noble House Hotels & Resorts will operate and manage the property going forward.
U.S. hotel performance came in lower than the previous week but showed improved comparisons with 2019, according to STR‘s latest data through 20 August.
Sofitel Los Angeles at Beverly Hills is pleased to announce that Estérel has reopened with Executive Chef Fernando Bedolla at the helm. With years of experience under his belt, Bedolla has given the iconic restaurant a new menu inspired by the diverse tastes of the City of Angels.
Over the last decade, a gilded collection of elite hotels near Central Park have vied for the distinction of being the most expensive in New York. Several, including the St. Regis, Carlyle and the Plaza, opened more than 80 years ago. Most, including the Baccarat, a relative newcomer, greet guests with sparkly chandeliers.
That heavenly smell, the drizzle of syrup, and the way a waffle cracks when the fork pierces that delicious first bite—there’s simply so much to love about this go-to breakfast treat, especially today, National Waffle Day. And possibly no one is more enthusiastic to celebrate than Regina Triche, a team member at Hampton Inn & Suites by Hilton Jacksonville who’s been dubbed "The Waffle Lady."
Summer lulls are nothing new in commercial real estate, but this year’s slowdown in deals is more pronounced because of one word that has defined the season: repricing.
Commonwealth Hotels announced today that Jamie Baker has been appointed the general manager of the Fairfield Inn & Suites by Marriott Canton South. Ms. Baker brings over 10 years of hospitality experience to her new role as general manager having previously served as the general manager for the Hampton Inn Akron, Ohio.
Kona Village, A Rosewood Resort is proud to welcome Austin Watkins to its growing team as Director of Sales and Marketing. With over two decades of experience in the luxury hospitality industry working across corporate leadership, operations, and sales and marketing roles, Austin will support the resort as it readies for its highly anticipated opening in 2023 on the Kohala Coast of the Big Island of Hawai'i. Leveraging his vast expertise as well as his strong familiarity with the Hawaiian market following many years spent working on several of its islands, he will be responsible for spearheading and implementing the resort's innovative sales and marketing strategy leading up to the launch and beyond. Austin's appointment to the team holds a special significance for Austin, as his family lives in the nearby town of Waimea and he has many fond memories of the destination collected over the course of his life.
Deutsch brings over two decades of experience in the hospitality industry, previously serving in leadership positions across Hilton, Hampton Inn, DoubleTree and Embassy Suites properties in the Northeast. Most recently, he served as the general manager at Sheraton Bucks County Langhorne in Langhorne, Penn. In his new role, Deutsch will oversee all operations at the property including the property's guest rooms, three food and beverage outlets and meeting spaces.
Four Seasons Resort Lanai named Lacey Matsumoto as Spa Director, responsible for overseeing daily spa operations, including staff training, treatments and retail, and fitness facilities, as well as the Resort's Yoga and Wellness program.
While hotel sales in California cooled from their highs last year, transactions during the first half of 2022 set a new median-price-per-room record and approached other records as well.
Aloft Chicago Mag Mile proudly announces the appointment of Tyler Hutton to general manager. A hospitality expert, with a passion for mentoring and focused on offering flawless service, Hutton brings eight years of Marriott brand knowledge to the property. In his new role at Aloft Chicago Mag Mile, Hutton will be responsible for actively participating and executing strategies to exceed guests' satisfaction as well as fostering leadership and an empowering work environment for all team members.