A federal government shutdown is estimated to cost the U.S. travel economy as much as $140 million a day, according to new analysis for the U.S. Travel Association—underscoring the dire consequences of Congress failing to pass a short-term extension by September 30.
Travel is far more than a means to reach destinations; it's a dynamic force that propels economies forward and powers nearly every industry and community across the United States.
First Hospitality, a national hotel management and development company, is pleased to announce an agreement to acquire the majority of the hotel management agreements of Hostmark Hospitality Group, headquartered in Schaumburg, IL. This strategic move significantly expands First Hospitality's geographic presence, augments its collection of restaurants and bars, and promises to bring added benefits to its expanded portfolio, which will include more than 70 hotels nationwide.
Highline Hospitality Partners (HHP), the hospitality investment platform launched by Highline Real Estate Partners (HREP), has acquired the Homewood Suites by Hilton Eatontown. The 131-room, extended-stay hotel, which is HHP’s eleventh property, is located in Eatontown, NJ in close proximity to the Jersey Shore beaches, major hospital systems, sports complexes and universities. The hotel is also located near Fort Monmouth, a decommissioned army base that is in the process of undergoing a transformational redevelopment.
MCR — the country’s 3rd-largest hotel owner-operator — has acquired the Canopy by Hilton Charlotte Southpark, a five-story, 150-room hotel built in 2020 in Charlotte, North Carolina. Closed with new financing in place, the hotel was purchased at a 20% discount to MCR’s estimated replacement cost. This is the company’s sixth hotel in North Carolina and its first Canopy by Hilton hotel.
Hotel Equities, a leader in hotel ownership, management, and development, proudly affirms its commitment to the American Hotel & Lodging Association (AHLA). There is no more important organization representing our industry and the issues that matter. As members of the AHLA, we recognize their critical role in championing our industry's collective success and advocating for our shared interests.
National Hospitality Services (NHS), a hotel management company based in Fargo, ND, and an affiliate of Hotel Equities (HE), is excited to announce that with its latest addition of two North Dakota hotels the company has reached a milestone achievement of 40 hotels under management across the United States. The NHS portfolio is comprised of over 20 brands, spanning 15 different states.
After several years of incredibly challenging business conditions, which caused much of the hospitality industry to scale back on capital expenditures, hotel management companies have started making serious investments in renovations, maintenance and staffing. According to the J.D. Power 2023 North America Third-Party Hotel Management Guest Satisfaction Benchmark,SM released today, those investments are paying off in the form of strong satisfaction scores for quality of the guest room and staff service.
Brick Hospitality, a San Diego-based hotel management company is proud to announce its launch and its newly appointed group of expertise-driven leaders. The company is led by an all-star executive team with experienced hospitality professionals who specialize in acquisitions, hotel development and design, hotel renovations and openings, sales and marketing, revenue management, food and beverage and more.
First Hospitality, national hotel operations and development company, assumed management and operations of the Lively Hotel in Oklahoma City, further advancing the company’s growth into larger urban city destinations.
Highgate, a leading real estate and hospitality management company, has been selected by Continental Assets Management to manage Hilton Garden Inn Kauai Wailua Bay. This marks Highgate’s’ first property on Kauai and its 12th property in Hawaii, including the notable ‘Alohilani Resort Waikiki Beach and The Twin Fin, Oahu.
American Hotel & Lodging Association (AHLA) President & CEO Chip Rogers is speaking out today after the Department of Labor (DOL) issued a proposal to increase the minimum salary threshold for employees to qualify as salaried executive, administrative, and professional employees (and therefore exempt from overtime pay requirements) under the Fair Labor Standards Act (FLSA). The proposal also would automatically update the threshold every three years. This would be the second increase imposed by DOL in less than 5 years. Employees who fail to qualify for the FLSA’s “white collar” exemption must be paid overtime for any hours worked over 40 in a given workweek, which can limit managerial and worker development opportunities, such as remote work, travel, and career development.
Remington Hospitality, a leading hotel management company, today announced its agreement to manage operations at Senna House Hotel located in Scottsdale, Arizona, marking the company’s first property in Scottsdale and fourth in Arizona. The collaboration also underscores Remington's ongoing expansion into the lifestyle hotel sector. This is Remington’s second partnership with hotel owner OpWest Partners, a multi-disciplined investment and development firm focusing on real estate and lifestyle assets.
Remington Hospitality, a notable hotel management firm, has taken over the operations of the Murrieta Hot Springs Resort, located in Southern California. The historic resort, established in 1902, is on a 46-acre property and is currently under renovation. It is set to reopen in the winter as a wellness-focused hot springs resort. This move marks Remington Hospitality's first collaboration with Olympus Real Estate Group and its inaugural property management in Murrieta. The resort promises a combination of luxury, health, and relaxation, with a slew of amenities including natural hot springs, a geothermal spa, fitness programs, and nutritious dining options.
HEI Hotels & Resorts, one of the nation's leading operators of institutionally owned hotels with a portfolio of more than 100 properties across the United States, today announced that it has assumed management of the 143-key Aloft Phoenix-Airport in Phoenix, AZ, joining HEI’s rapidly growing portfolio of premium-branded, select-service hotels. The RADCO Companies recently acquired the property.
Hotel owner, operator and developer Hotel Equities has reported noteworthy performance growth in 2023 YTD, significantly surpassing 2019 benchmark levels. Through laser-focused efforts on key performance indicators (KPIs), the company has achieved substantial performance results surpassing 2019’s enterprise RevPAR by 20% and 2022’s by 26% showcasing the company's ability to optimize revenue generation while maintaining the highest levels of guest satisfaction. These achievements can be attributed to several initiatives implemented by Hotel Equities’ expert revenue generation team, led by Kevin Fraser, SVP of Sales & Revenue Generation and Bill Stachler, VP of Revenue Optimization. “Our team is united in our focus on finding the right business, at the right time, at the right price point while continuing to shift market share away from our competition and providing service that is realizing strong customer retention,” said Fraser.
Valor Hospitality Partners, a leading global full-service hospitality firm announced a corporate restructure for the Americas division as the company plans for further rapid growth as a result of recent portfolio and corporate team expansion. To support this vision, the company added several new leadership positions to its corporate Americas office, introducing Managing Director Craig Strickler as Valor Americas President and ushering nine corporate directors into vice president positions to oversee department-level strategy. The announcement comes immediately following the Middle East and Central and South Africa expansion and signals the projected growth of Valor Hospitality Partners on a global scale.
98% of Los Angeles residents say homelessness in the city is a crisis or a major problem. Despite that, 86% say LA should not prioritize housing people experiencing homelessness in hotels, according to a new survey commissioned by the American Hotel & Lodging Association (AHLA) and conducted by Public Opinion Strategies.LA residents are set to vote in March 2024 on whether to require all local hotels to house unhoused individuals next to paying guests as part of a ballot initiative proposed by Unite Here, a labor union that represents LA-area hotel workers.
Sandpiper Hospitality – a Virginia-based hotel management company with vast expertise in the extended-stay segment – is excited to announce that it has been awarded the management contract for the Courtyard by Marriott Fort Collins.
National Hospitality Services (NHS), a leading hospitality management company and an affiliate of Hotel Equities (HE), is thrilled to announce its recent addition of two hotels: MainStay Suites in Williston and Candlewood Suites an IHG hotel in Bismarck, both situated in the heart of North Dakota.