Search - Hospitality Net

May 4, 2021

Top Three Franchise Companies Account For 69% Of Projects In The U.S. Hotel Construction Pipeline

In the recently released Q1'21 United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise companies with the largest U.S. construction pipelines at the end of Q1'21 are Marriott International with 1,354 projects/178,290 rooms, followed by Hilton Worldwide with 1,248 projects/145,256 rooms, and InterContinental Hotels Group (IHG) with 807 projects/81,702 rooms. These three companies combined account for 69% of the projects and 65% of the rooms in the total U.S. construction pipeline.

Lodging Econometrics

United States

Development Rebranding

May 4, 2021

The Siegel Group Acquires Former Amerihome Inn & Suites In Houston, Texas

The Siegel Group Nevada, Inc., a real estate investment and management company, announced today that it had acquired the former Amerihome Inn & Suites located in Houston, Texas. This acquisition increases the number of Siegel Suites and Siegel Select properties throughout the United States to 60 and marks the brand's third location in the Texas market. These locations are in addition to the company's significant presence throughout Nevada, Arizona, Louisiana, New Mexico, Tennessee, Mississippi, Alabama, South Carolina and Ohio.

The Siegel Group Nevada, Inc.

Houston, Texas, United States

Press Release Human Resources

May 4, 2021

New Data: State-By-State Breakdown On Projected Hotel Industry Job Loss For 2021

The American Hotel & Lodging Association (AHLA) released new data showcasing the ongoing devastating impact of COVID-19 on hotel industry employment, including projected hotel job loss through the end of 2021. Without targeted relief from Congress, nationwide, hotels are expected to end 2021 down 500,000 jobs. Hotels are the only major hospitality and leisure segment yet to receive direct aid.

AH&LA

United States

Development Opening

May 4, 2021

Lathrop Welcomes Newest Tru By Hilton Location

Hilton's (NYSE: HLT) innovative hotel brand, Tru by Hilton, announced the opening of its latest property and first in the state of California, Tru by Hilton Lathrop. The 78-room hotel, located at 161 E Louise Avenue, is conveniently located in Northern California at the intersection of Interstate 5.

Tru by Hilton

Lathrop, California, United States

Development Opening

May 4, 2021

Hampton By Hilton Opens New Property In Houston, Texas

Hilton's (NYSE: HLT) Hampton by Hilton, the global upper-midscale brand known for its commitment to providing unmatched guest service, today announced the opening of its newest property, Hampton Inn & Suites by Hilton Houston East Beltway 8 in Houston. Owned by SRI Hospitality and developed by Matrix Builders, Hampton Inn & Suites by Hilton Houston East Beltway 8 features 98 modern and spacious rooms and offers travelers high-quality, value-added amenities.

Hampton by Hilton

Houston, Texas, United States

Press Release Sustainability

May 4, 2021

Health Care Workers Are Among The Largest Share Of US Hosts

Just over one year since the World Health Organization declared COVID-19 a pandemic, we are still reminded on a daily basis of the heroism of our health care workers. From continuing to care for those sick with COVID-19 to administering life saving vaccines, health care workers are the keystone of our communities, putting their own wellbeing at risk to serve others.

Airbnb

United States

Development Rebranding

May 3, 2021

Historic Narragansett Inn, The Shore House, Unveils Details Of Its Refurbishment

The Shore House — a historic, boutique inn situated directly on the beach in Narragansett, Rhode Island — has announced its soon-to-be completed property-wide refresh, set to open on May 1, 2021. Formerly the Ocean Rose Inn, The Shore House will debut with a new name and updated look thatinstantly transports gueststo amodern, nautically inspired "home away from home," that still pays homage to the rich history of the destination.

TPG Hotels

Narragansett, Rhode Island, United States

Ad Guide

The next-gen metrics that move hotel P&L

Hotel tech has changed what's possible – and measurable. RevPAR and ADR aren't enough; discover the metrics that really matter.

Mews

Ad Tambourine One

All you need is one.

Some call it a website with a booking engine built in. Some call it a booking engine with a website built in. We call it One.

Tambourine

Development Rebranding

May 3, 2021

Former Terrace Hotel In Lakeland, Florida, Reopens As Terrace Hotel Lakeland, Tapestry Collection By Hilton

329 E. Main, LLC, owners of the historic hotel at 329 East Main Street, Lakeland, Fla., announced the Terrace Hotel Lakeland will join Tapestry Collection by Hilton in April 2021. The property conversion consists of new branding as well as renovations to guest rooms, public spaces, and on-site fine dining restaurant The Terrace Grille. The 88-room hotel will be operated by Naples Hotel Group with construction led by Pinkerton & Laws and interior design by Sims Patrick Studio. The property is currently welcoming guests.

Tapestry Collection by Hilton

Lakeland, Florida, United States

Ad Tambourine One

All you need is one.

Some call it a website with a booking engine built in. Some call it a booking engine with a website built in. We call it One.

Tambourine

Press Release Markets & Performance

May 3, 2021

Performance Of Smaller, Economy Hotels Close To 2019 Levels

Small to midsized hotels, with fewer than 300 rooms, and hotels in the economy segment continue to lead the U.S. hotel industry recovery, with demand over the past six weeks reaching 90% or more of 2019 levels.

CoStar

United States

Development Renovation

May 3, 2021

OTO Development Opens Completely Renovated Hilton Garden Inn St. Pete Beach, Floride

OTO Development brings a new Hilton Garden Inn to St. Pete Beach through an ambitious, top to bottom renovation project. After a complete upfit of an existing hotel, the brand-new Hilton Garden Inn St. Pete Beach offers all the resort amenities for the perfect beach vacation.

Hilton Garden Inn

St. Pete Beach, Florida, United States

Press Release Development

May 3, 2021

U.S. Hotel Construction Pipeline Begins 2021 With 4,967 Projects/622,218 Rooms At Q1 Close

According to Lodging Econometrics' (LE's) Construction Pipeline Trend Report for the United States, the total U.S. construction pipeline stands at 4,967 projects/622,218 rooms at the end of Q1'21. While this is a slight dip in the pipeline year-over-year (YOY), it's not unexpected given the lockdown and travel restrictions over the past year. Further, the pipeline shows no signs of great decline compared to what occurred during the '08 and '09 recession. Actually, projects and rooms in the early planning stage are up significant YOY (stats on this below).

Lodging Econometrics

United States

Press Release Sustainability

May 3, 2021

Six Senses Is The First Hospitality Brand To Partner With The United States Coalition On Sustainability And SustainChain™

As part of an ambitious Plastic Free 2022 strategy to remove and avoid all virgin plastic materials from its hotel and spa operations, Six Senses Hotels Resorts Spas is the first hospitality brand to collaborate with the United States Coalition on Sustainability and SustainChain™. This follows a partnership with the Global Tourism Plastics Initiative signed in 2020 to work with suppliers to seek safer alternatives and address the root causes of plastic pollution.

Six Senses

United States

Press Release Markets & Performance

May 3, 2021

Room Demand Pushes Toward Normal For Lesser-Traveled States, Gaps Persist For Key Markets

As we move further into the spring, much of the U.S. continues to make solid progress toward reaching comparable demand levels from 2019. As a reminder, 2019 is being used as the recovery benchmark due to the heavy pandemic impact in 2020.

CoStar

United States

Development Rebranding

May 3, 2021

Auberge Resorts Collection Continues Urban Expansion With The Hearst Hotel In San Francisco, Set To Debut In 2023

Auberge Resorts Collection, the award-winning portfolio of one-of-a-kind luxury hotels, resorts and residences, announced today it will manage The Hearst Hotel, Auberge Resorts Collection, a piece of history in the heart of San Francisco. The downtown property is part of Auberge Resorts Collection's ongoing strategic expansion into city centers and its commitment to the long-term vibrancy and culture of downtown San Francisco. The Hearst-owned building, a 1911 landmark which is being redeveloped by leading San Francisco real estate investment and development firm, JMA Ventures, will be reborn as The Hearst Hotel, Auberge Resorts Collection. The hotel, in this iconic building with more than a century of fascinating stories to tell, will redefine luxury and inspire a new experience in the City by the Bay when it opens in 2023.

Auberge Collection

San Francisco, California, United States

Press Release Development

May 3, 2021

New York City Market Continues To Lead The U.S. Construction Pipeline

In the recent U.S. Construction Pipeline Trend Report released by Lodging Econometrics (LE), at the close of Q1'21, New York City continues to hold the lead amongst U.S. markets for the most projects in the U.S. construction pipeline with 145 projects/24,762 rooms. Other U.S. markets that follow are Los Angeles with 144 projects/23,994 rooms, Dallas with 135 projects/16,260 rooms, Atlanta with 132 projects/18,264 rooms, and Orlando with 98 projects/17,536 rooms.

Lodging Econometrics

United States

Opinion Article Markets & Performance

May 1, 2021

The Growth In Management Fee Expense

In 2019, 86% of the hotels that participated in CBRE Hotels Research's annual Trends® in the Hotel Industry survey of property-level operating statements reported the payment of a management fee. On average, these hotels paid management fees equal to 3.6% of total operating revenue. The management fee to revenue ratio was the highest for convention hotels (4.1%) and lowest for resorts and full-service hotels (3.5%). Relative to the bottom line, total management fees averaged 13.9% of profits. For this analysis, profits are defined as earnings before interest, taxes, depreciation, and amortization (EBITDA).

By Robert Mandelbaum, Director of Research Information Services, CBRE Hotels

United States

Opinion Article Operations & Strategy

April 30, 2021

Hotel Franchise Lawyer: 5 Things to negotiate in your next Franchise Agreement

After a year of economic upheaval in the hospitality industry, hotels are making big changes as they look ahead to recovery. Oftentimes these changes involve a complete rebrand, and this leads to questions about what is negotiable in a franchise agreement. In the article below, Bob Braun, senior member of JMBM's Global Hospitality Group® and Co-Chair of the Firm's Cybersecurity & Privacy Group, talks about 5 important franchise terms that can usually be negotiated.

By Robert Braun and Jim Butler

United States

Opinion Article Human Resources

April 30, 2021

California hotel workers laid off due to COVID-19 get rehire rights

As coronavirus cases drop and economic activity starts to return to normal, the hospitality industry will soon be able to begin replacing workers who were laid off due to the pandemic. Some cities in California, and now the entire state, have enacted requirements for how hotels and other businesses can fill open positions; my partner, Travis Gemoets, has summarized the new law below. - Jim Butler

By Travis Gemoets and Jim Butler

California, United States

Press Release Sales & Marketing

April 30, 2021

Vaccine Skepticism Should Not Be Ignored In US Outbound Travel Recovery, Says GlobalData

Vaccine skepticism coupled with COVID-19 concerns will continue to affect US outbound travel recovery in 2021 and potentially 2022, says GlobalData, a leading data and analytics company.

GlobalData Plc

United States

Press Release Operations & Strategy

April 30, 2021

Sonesta Partners With Sharecare And Forbes Travel Guide To Verify Health Security Across Managed North American Hotel Portfolio

Sonesta International Hotels Corporation (Sonesta) has announced that its more than 250 managed hotels in North America will soon all become Sharecare Health Security VERIFIED™ with Forbes Travel Guide. Once the verification effort is completed, Sonesta will be the first hotel company to receive this important designation across its managed hotel portfolio, demonstrating Sonesta's commitment to the health and safety of its guests and team members. Sharecare's comprehensive verification process helps ensure that guests and travel planners can book with confidence knowing the appropriate health safety protocols and procedures are in place at Sonesta hotels. Each hotel's health and safety protocols and procedures will be verified using Sharecare's health security platform to confirm a comprehensive set of public health standards are met or exceeded including Sonesta's own successful Stay Safe with Sonesta health and cleanliness program.

Sonesta

United States