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Str bis
Press Release
December 12, 2018

Hotel Demand Jumps In Areas Affected By California Wildfires

Growth in hotel demand has been significant in wildfire-affected areas of California, specifically Butte County and the Oxnard/Ventura submarket, according to an analysis from STR's Consulting & Analytics office. "The hotel performance impact has been stronger in the areas around the Camp Fire, and that is largely due to market structure," said Hannah Smith, STR consultant. "Butte County, and the surrounding counties affected by the Camp Fire, account for just 94 hotels and 4,810 rooms.

CoStar Favicon
CoStar
California, United States
WhyHotel
Press Release
December 11, 2018

WhyHotel Raises $10M in Series A Funding and Announces New Pop-Up Locations

WhyHotel, an alternative lodging service that operates pop-up hotels in newly built, luxury apartment buildings, today announced it has secured $10 Million in Series A funding. The round was led by Highland Capital Partners, with participation from Camber Creek, Revolution's Rise of the Rest Seed Fund, Mendacre, MetaProp and Geolo Capital. The funds will be used to launch new pop-up hotels, beginning with three locations in Virginia, and to continue expanding nationwide in 2019. In addition, the funding will be utilized to hire new positions across multiple areas including technology, brand, sales and human capital.

WhyHotel
Placemakr
United States
Aimbridge EMEA
Press Release
December 7, 2018

Interstate Hotels & Resorts Announces Management Agreements With Three Premium Salt Lake City Properties

Interstate Hotels & Resorts unveils the addition of three new premium branded hotels to its growing portfolio - the Courtyard by Marriott Salt Lake City Downtown, Hyatt House Salt Lake City/Downtown and Fairfield Inn & Suites by Marriott Salt Lake City Downtown in Salt Lake City, Utah. The three new management contracts follow Interstate's news of momentum in Europe, opening the first Staybridge Suites® in the Netherlands.

Aimbridge EMEA
Aimbridge EMEA
Salt Lake City, Utah, United States
Omni Hotels & Resorts
Press Release
December 5, 2018

PGA Of America Relocating Headquarters To Frisco As Part Of Innovative Public-private Partnership

The PGA of America is moving its headquarters from Palm Beach County, Florida to Frisco, Texas, the '2018 Best Place to Live in America,'* where it will anchor a 600-acre, mixed-use development with an initial investment worth more than half a billion dollars.

Omni Hotels & Resorts
Omni
Frisco, Texas, United States
Driftwood Acquisitions & Development
Supplier News
December 3, 2018

Driftwood Acquisitions & Development Enters Atlanta Market With Acquisition Of Three Marriott-branded Hotels

Driftwood Acquisitions and Development (DAD) a privately held investment firm specializing in the acquisition and development of quality hotel assets announced today its entry into the Atlanta market with the acquisition of three Marriott-flagged properties as part of a six-property Marriott select-service portfolio. The hotels DAD acquired are: Fairfield Inn & Suites Atlanta Buckhead; Fairfield Inn & Suites Atlanta Perimeter Center; and Fairfield Inn & Suites Atlanta Alpharetta. All of the properties were renovated between 2015 and 2017. Hunter Hotel Advisors brokered the transaction.DAD is inviting accredited investors to co-invest in these three hotels through its unique syndication platform, which allows clients to invest in institutional-quality, fully-financed, income-producing hotel projects in the United States. Since launching in 2015, DAD has built a portfolio that now includes 18 operating hotels and two new-build developments under construction. All of its properties are managed by DADs sister company, Driftwood Hospitality Management (DHM), a leader in providing solutions-based services for the domestic and international hotel industry with over 20 years of expertise in hotel acquisition, development, repositioning, renovation and operations. We are delighted to be entering Atlantas thriving hotel market with the acqui sition of these three high-quality, Marriott-branded hotels, said Carlos J. Rodriguez Sr., chairman and chief executive officer of DAD. With this acquisition, DAD can offer its clients an unprecedented opportunity to co-invest in several recently renovated assets in Atlantas most sought-after submarkets. The other three hotels included in the transaction that will be managed by DHM but owned separately by DADs joint venture partner are: the 82-room SpringHill Suites Atlanta Alpharetta; the 88-room TownPlace Suites Atlanta Alpharetta; and 81-room TownPlace Suites Atlanta Kennesaw.Fairfield Inn & Suites Atlanta Buckhead, located at 3092 Piedmont Road NE, is a 115-guestroom hotel in one of Atlantas most affluent neighborhoods and thriving business districts. Home to nearly 70,000 jobs, Buckhead received over 32 million visitors in 2017. The hotel is a five-minute walk to the Buckhead MARTA rail stop, which offers a direct line to Hartsfi eld-Jackson Atlanta International Airport, and close to the areas most popular shopping and entertainment centers, such as The Buckhead Theatre, Phipps Plaza and Lenox Square.Fairfield Inn Atlanta Perimeter Center, located at 1145 Hammond Drive, is a 114-guestroom hotel conveniently located north of downtown Atlanta in Sandy Springs a city that has more Fortune 500 companies per capita than any other city in the U.S. The hotel is located directly next to the new $1 billion, 2.2 million-square-foot State Farm campus, and within minutes of multinational headquarters for companies including UPS, Cox Communications, Cisco, Mercedes Benz USA, and Amtrak. It is also close to three major area hospitals containing more than 40 percent of the metro areas hospital beds.Fairfield Inn Suites Alpharetta, located at 11385 Haynes Bridge Road, is an 88-guestroom hotel located off Exit 9 on SR-400 in the Technology City of the South. With over 600 techn ology/telecomm companies, (including LexisNexis, ADP, Equifax, HP, FiServ, Comcast and AT&T) and 20 million square feet of office space, Alpharetta has one of the largest concentrations of high-tech firms in a single community in the U.S. Alpharettas healthcare sector includes more than 90 hospitals and psychiatric care centers and more than 13,000 licensed physicians. Home to some of the most affluent families in the southeast, Alpharetta boasts a strong retail/leisure sector with a mix of historic downtown shopping and high-end boutiques.

Driftwood Acquisitions & Development
Driftwood Capital
Atlanta, Georgia, United States
Wyndham Hotels & Resorts
Press Release
November 27, 2018

Trademark Collection by Wyndham Pushes Past 100-Hotel Mark with a Dozen Destinations Debuting in Canada

Since launching less than 18 months ago as Wyndham Hotels & Resorts (NYSE:WH) first soft-brand, Trademark Collection by Wyndham is continuing its rapid growth around the world and raising its flag in Canada with a dozen recently signed hotels and resorts spanning the country. These additions five of which have opened doors in British Columbia and Ontario, and another seven set to open within the next year in Nova Scotia, New Brunswick, Alberta, and Saskatchewan bolster the brands footprint on both sides of the Atlantic with the Trademark name now adorning more than 100 hotels in North America and Europe. Launched in 2017, Trademark is the first soft-brand geared to three- and four-star hotel owners passionate about upholding their hotels independent spirit and designed for everyday travelers seeking distinctive, attainable accommodations in sought-after destinations. Today, travelers can tap global, award-winning Trademark experiences like The INFINITY Hotel & Conference Center in Munich, Germany, and the HYPERION Hotel Basel in Basel, Switzerland, as well as notable American locations like the Galt House Hotel in Louisville, Ky., Ravel Hotel in Long Island City, N.Y., and the Zermatt Utah Resort & Spa in Midway, Utah. This global momentum is a testament to Trademarks mounting appeal as one of the most compelling soft-branded offerings for independent hoteliers across the globe, said Greg Giordano, vice president, brand operations, Trademark Collection by Wyndham. These recent landmark additions, located in some of Canadas most coveted travel spots, underscore what it means to be a Trademark hotelunmatched character, charm, and individuality. These hotels are now backed by the global distribution power of a leading hospitality name in Wyndham, and a team passionate about driving more travelers through entrepreneurial hoteliers doors every day.Planting Roots in the Great White North Trademarks Canadian additions widen the brands presence in North America, joining nearly 50 hotels across the U.S. The first locations flying the Trademark flag in Canada include:

Wyndham Hotels Resorts
Wyndham
Canada
Lodging Magazine
External Article
November 20, 2018

Third-Tier Growth Spurt

With suburban hotel performance surpassing the growth rate for urban properties, many hoteliers are turning to secondary and tertiary markets to meet the demand for up-and-coming travel destinations. Among them is the management company Charlestowne Hotels. Its President and CEO Michael W. Tall says that the company is making the growth of boutique properties in second- and third-tier cities a main focus of their 2019 business plan. In a recent interview with LODGING, Tall described this tertiary-tier tourism boom and his company's participation in it.

Lodging Magazine
Lodging Magazine
United States
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Mews
Napali Hospitality Group
Press Release
November 8, 2018

Napali Capital Announces Formation Of Napali Hospitality Group

Napali Capital, LLC, today announced the formation of Napali Hospitality Group, the first addition to the Napali Capital family of companies. Napali Hospitality Group will focus on the acquisition of hospitality assets with the goal of achieving the highest level of employee and guest service and profitable returns for Napali Capital investors and stakeholders.

Napali Hospitality Group
Napali Hospitality Group
Texas, United States
Its not accounting
Opinion Article
October 30, 2018

Trading Places

Circa 2009. Late September. I'm the regional controller for five hotels. Sitting at my desk minding my own business, doing my own work when the phone rings.It's an old friend, one-time assistant, and now the regional controller based at a hotel in another city. He explained the desire to move back to where I was but was not having much luck finding a job. His homesick wife really wanted their children educated at home. We chatted for a few moments and caught up on different topics.Then he said, "Hey, David, how about we trade jobs?""Can we do that?" I asked.Then I thought, "Wow, it's 28 years after the high school summer I planned to spend in California and didn't get to go. Now I might get the chance.""Well, there's only one way to find out," he said.We both got to work to make the job trade possible. First, I got my work visa to go from Canada to the United States. The next positive step was his application for my job was approved. It now depended on me passing mustard with the owners of the hotel in the states.A date was set for me to attend and participate in the annual budget review meeting scheduled in early November. I was briefed on the hotel's operations and finances by my friend. As the deal hinged on making a good impression on the hotel's asset managers, it was prudent to discuss how these managers operated. A total of three asset managers were scheduled for the meeting. There were two companies that owned this hotel. Convincing one of the companies was an expected breeze. The second company had two ladies managing the asset. They had a reputation for being difficult to work with.Finally, the big day arrived. I flew to the U.S. and my friend picked me up at the airport. We enjoyed a nice dinner while discussing the two ladies and the possible objections, questions and overall hot buttons to avoid.The next morning after breakfast I headed back to the room before the meeting. In the elevator I pushed the button for my floor, but as the door began to close I saw someone entering the elevator foyer. Out of habit I selected and held the door open button.I casually asked the lady, "Going up?"She smiled and replied, "Yes, thank you. What a gentleman."What a great way to start my day. I asked her, "Where is home for you?""Los Angeles."As the doors opened at my floor I said, "Have a great day.""You too," I hear as the doors closed again.Thirty minutes later in the board room, with the Hotel's Executive Team, in walks the three asset managers. Introductions were made.Who do you think the lead asset manager was? She was the one with all the clout I found out later. Yes, it was the lady I held the elevator door for. A good decision perhaps.We reviewed the budget. The hotel was not doing well as a result of some issues from the last few years and the economy. The review was painful. We were getting cut to pieces, as was the budget. "Cut this . . . You didn't need that . . . Why so much expense here . . . This should be higher . . . That was too low."The last thing on the day's agenda was discussing my appointment as hotel controller. The three asset managers, hotel's executive team and I listened as the general manager went on about all the experience and expertise I possessed. He finished his pitch. There was silence for what seemed like an eternity.Then the lead asset manager said, "I can't believe you can't find a controller in this city! Why the heck do we have to move him from Canada? With this economy do you have any idea what you're doing with our money?"I couldn't breathe, like someone sucked all the oxygen out of the room.The general manager was a talented negotiator. To defuse the discomfort, he smiled and said, "It's been a long day for us all. I suggest my team leaves the four of us to finish this discussion."Fine!" she almost stomped her foot, somewhat perturbed.Then I spoke. I didn't plan this, it just came out, like opening a champagne bottle, pop: "Please allow me. If you bring in a local person without the brand experience, he or she will be at a great disadvantage compared to me. I see from our day together how I can save you 10 times what it will cost you to move me here. Knowing how to navigate inside this hotel brand is invaluable."With that, the general manager excused the team for a much-needed drink. The day culminated with a reception and dinner in the hotel's largest suite. It felt like a celebration after a boxing match where the opponents took time to kiss and make up. For the next 30 minutes the verdict hung in the balance. My friend was sure the deal was dead. So was I. But the tiniest bit of hope lingered. The hope wasn't based on anything tangible other than our need and want for this deal to happen.The general manager arrived at the reception with a somber look. I was sure I was heading home tomorrow empty handed. Instead I heard, "Welcome aboard, Mr. Lund."San Francisco, here we come!

David Lund
By David Lund, The Hotel Financial Coach, David Lund
United States
skift.com
External Article
October 12, 2018

SBE CEO Warns of the Wal-Mart Risk in Hospitality

Is it really possible for hotel companies to retain creativity or innovation the bigger they get?

skift.com
skift
United States
bloomberg.com external
External Article
May 21, 2018

Blackstone Agrees to $4.8 Billion LaSalle Hotel Deal - Bloomberg.com

Blackstone's checking out of Hilton and into LaSalle.

bloomberg.com external
BloomBerg.com
United States
ForUsAll logo
Opinion Article
April 25, 2018

How to Turn Your 401(k) Into a Recruiting and Retention Machine

The U.S. economy is nearing full employment. As of March 2018, the U.S. unemployment rate is at 4.1%.While this bodes well for the economy, not everyone is celebrating.

Evan Ross
By Evan Ross, Content Manager, ForUsAll
United States
Groups360
Supplier News
April 24, 2018

Groups360™ Finds Hoteliers and Planners Are Both Exploring Technology Solutions

NASHVILLE, Tenn. – Following the free trial period of its GroupSync™ application, Groups360 has uncovered industry-specific needs based on technology use, suggesting that the industry is looking for a better way to source and book meetings with more information up front.

Groups360
Groups360
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
Mews
Duetto Research
Supplier News
February 15, 2018

Duetto Closes $80 Million Series D Financing Round Led By Warburg Pincus

Duetto, hospitality's only Revenue Strategy Platform, announced today the closing of an $80 million Series D financing round led by funds affiliated with Warburg Pincus, a leading global private equity firm focused on growth investing. The round is the largest ever non-acquisition investment in a software company serving the hotel industry.

Duetto
Duetto
United States
B4Checkin Logo
Supplier News
February 7, 2018

Prominent Canadian hotels set to install b4checkin's revolutionary payment software solution

b4checkin, Inc., a developer and provider of cloud-based hospitality software solutions, announced today that it is set to implement b4easypost, the industry's first revolutionary online payment and posting software solution, at two prestigious Canadian hotel properties – One King West Hotel & Residences in Toronto, Ontario (http://www.onekingwest.com) and the Rimrock Resort Hotel in Banff, Alberta (http://www.rimrockresort.com).

B4Checkin Logo
b4checkin
Canada
B4Checkin Logo
Supplier News
November 9, 2017

Treasure Island Las Vegas Deploys B4checkin's Cutting Edge Technology To Further Protect Consumer Credit Card Data

Treasure Island Las Vegas has partnered with Agilysys & b4checkin, a developer and provider of cloud-based hospitality software, to deploy b4easypost - the industry's first and revolutionary online payment and posting software solution which greatly enhances the security of consumers' credit card information.

B4Checkin Logo
b4checkin
Las Vegas, Nevada, United States
Avendra LLC
Supplier News
October 18, 2017

Avendra to be Acquired by Aramark

Avendra, the leading North American hospitality procurement services provider, today announced that its Board of Managers reached a binding agreement with Aramark Corporation (NYSE: ARMK) to acquire the company for $1.35 billion. Avendra is owned by founding shareholders Marriott International, Hyatt, Accor, ClubCorp and IHG.

Avendra LLC
Avendra
United States
RobertDouglas Logo
Supplier News
October 9, 2017

RobertDouglas Advises on the Sale of the Sheraton Dallas-Fort Worth Airport Hotel

RobertDouglas announced today that it advised a private owner in the sale of the Sheraton Dallas-Fort Worth Airport Hotel to the Buccini/Pollin Group.

RobertDouglas Logo
RobertDouglas
Dallas, Texas, United States
Logo 'HVS International'
Report
September 5, 2017

HVS Lodging Tax Report - USA 2017

In this sixth annual Lodging Tax Study, HVS Convention, Sports, and Entertainment Consulting surveys lodging tax rates and revenues across the United States. Our study includes a broad range of cities and tracks policy trends in lodging tax impositions. This research identifies the lodging tax rates levied at the state, county, city, and special district levels. We provide data on the collection and distribution of revenue from lodging taxes levied in all 50 States and the 150 largest cities in the United States.

Thomas HazinskiAlex Moon
By Thomas Hazinski and Alex Moon
United States
Premier Capital Associates Arranges Refinancing of the Inn at Northrup Station, Portland OR
Press Release
August 25, 2017

Premier Capital Associates Secures Refinance for Holiday Inn Express, Pasco, WA

Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they secured refinancing for the Holiday Inn Express in Pasco, WA.

Premier Capital Associates Arranges Refinancing of the Inn at Northrup Station, Portland OR
Premier Capital Associates
Pasco, Washington, United States
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