This offering represents an excellent opportunity to acquire an institutional quality, premium branded Hotel with exceptional upside in future cash flow through PIP&required upgrades coupled with focused, hands&on management and improving market fundamentals. Appeared first on: hotelnewsresource.com … [Read more...]
Archives for 10/12/2024
Quality Inn & Suites in Peoria, Illinois Listed for Sale
CBRE is the exclusive agent in connection with the solicitation of offers to acquire the fee&simple interest in the 108&room Quality Inn & Suites located in Peoria, Illinois. Appeared first on: hotelnewsresource.com … [Read more...]
HVS Europe Hotel Transactions Bulletin Week Ending 6 December 2024
A summary of European hotel transactions provided by HVS Appeared first on: hotelnewsresource.com … [Read more...]
Insights from HVS Asia Pacific Hospitality & Week's Highlights Ending 6 December 2024
Weekly Hotel Industry Asia Pacific News Roundup from HVS Appeared first on: hotelnewsresource.com … [Read more...]
Four Seasons and Extell Development to Construct Luxury Resort and Residences in Deer Valley, Utah
Four Seasons and Extell Development Company announced plans to develop a resort and residential project in Deer Valley East Village, marking the first luxury alpine village development in North America in over four decades. Appeared first on: hotelnewsresource.com … [Read more...]
The Impact of AI Agents on the Future of Online Travel Agencies
The emergence of AI agents is predicted to disrupt the current model of online travel agencies (OTAs), potentially nullifying their inherent advantages. Appeared first on: hotelnewsresource.com … [Read more...]
Sustainable Tourism in Focus: EU Industry Leaders and Policymakers Convene
Ten of Europe's leading travel and tourism organizations met with Apostolos Tzitzikostas, Commissioner for Sustainable Transport and Tourism, and other key European representatives at the European Parliament. Appeared first on: hotelnewsresource.com … [Read more...]
Shiny Releases Second Annual 2024 State of Tipping Report to Highlight Trends
AUSTIN, Texas—Shiny, a leading provider of associate engagement and retention software, today released its second annual report on tipping for the hospitality industry. Entitled “Harnessing Tipping Data to Empower and Motivate Hospitality Workers,” the report offers a comprehensive analysis of tipping behaviors and patterns across a diverse sample of hotels utilizing Shiny’s digital tipping … [Read more...]
Radisson RED Launches Its First Irish Hotel in Galway's Crown Square
The hotel is just a few minutes drive from Galway City and is adjacent to motorways connecting Galway with Dublin and Limerick. Appeared first on: hotelnewsresource.com … [Read more...]
Report: Digital tipping adds up to $375 per week for associates
Shiny, a provider of associate engagement and retention software, has released its second annual report on tipping for the hospitality industry, which finds that offering digital tipping increases associates’ take-home pay. Entitled “Harnessing Tipping Data to Empower and Motivate Hospitality Workers,” the report offers a comprehensive analysis of tipping behaviors and patterns across a diverse … [Read more...]
A-1 Hospitality Group Announces Strategic Partnership With Delta Inn Hotel Group
PORTLAND, Oregon—A-1 Hospitality Group, a family owned and operated hotel management and development company based in Kennewick, Washington today announced a strategic partnership with Delta Inn Hotel Group, a family-owned portfolio of hotels led by CEO Scott Kim. This collaboration will bring Delta Inn’s leadership team and three Portland, Oregon airport hotels into A-1 Hospitality Group’s … [Read more...]
Sonesta Miami Airport completes renovation
Sonesta Miami Airport recently completed a five-month-long, multimillion-dollar renovation, which refreshed the 309 guestrooms and public space, while introducing a new on-site restaurant. The renovation’s completion was celebrated with a ribbon-cutting ceremony attended by local dignitaries, Sonesta Hotels & Resorts brand executives, hotel partners and members of the community. “As an … [Read more...]
MCR Refinances 22&Hotel Portfolio for $300 Million
Totaling 2,855 guestrooms, the 22&hotel portfolio is spread across 14 states in established and high&growth markets such as Texas, Florida, New Mexico and South Carolina. Appeared first on: hotelnewsresource.com … [Read more...]
Clarion Partners secures $677M 52-hotel portfolio refi
RobertDouglas advised Clarion Partners LLC in securing a $677-million, non-recourse senior mortgage, five-year, fixed-rate financing for the refinancing of CBM Two Hotels LP Portfolio, a portfolio consisting of 52 Courtyard by Marriott hotels. “The portfolio’s pristine physical condition after a multi-year renovation process, leading brand affiliation, compelling economics and … [Read more...]
How Hotels Can Use AI in Content Marketing
While hospitality properties have been using AI to run their chatbots and automate responses, most have evolved to incorporate this technology into market research, data analytics, and content optimization. Read on to learn how hotels use AI to enhance their content marketing efforts. Appeared first on: hotelnewsresource.com … [Read more...]
New Year, New Events: Event Marketing Trends That Will Kickstart 2025
As we head into 2025, event marketing strategies are shifting to meet evolving consumer expectations. Here’s a look at the trends, backed by insightful statistics, that will shape event marketing success this year. Appeared first on: hotelnewsresource.com … [Read more...]
Resilient Resorts: Unraveling the Success of European Hospitality in 2024
The hospitality industry, particularly resorts in Europe, has demonstrated strong profitability in 2024, outperforming regional averages and pre&pandemic benchmarks. Appeared first on: hotelnewsresource.com … [Read more...]
WorldHotels Welcomes New Properties To Its Esteemed Crafted Collection
PHOENIX, Arizona–WorldHotels, a prestigious brand within the BWHSM Hotels global network, offers an exceptional portfolio of upscale and luxury hotels and resorts across four distinct collections: WorldHotels Luxury, WorldHotels Elite, WorldHotels Crafted, and WorldHotels Distinctive. WorldHotels Crafted, renowned for its bold design and creative experiences that captivate and … [Read more...]
Arriba Capital closes $17.9M refi for Atlanta hotel
Arriba Capital has closed a $17.9-million senior refinance for voco The Darwin Hotel, a boutique property located in Atlanta’s Old Fourth Ward neighborhood. This 111-room hotel is inspired by the local arts scene, blending community influences with unique, upscale design. The lobby showcases the work of local artists and a bar space that transitions from serving specialty coffee in the mornings to … [Read more...]
Rosewood’s first property Open in Japan Opens March 1st 2025 in Okinawa
On a remote island paradise in Okinawa, Rosewood Miyakojima will mark Rosewood Hotels & Resorts' first Japanese property, offering exceptional luxury amidst untouched nature. Opening on March 1, 2025, the resort has begun accepting reservations, inviting travelers to explore an unseen side of Japan while pioneering a new era of ultra-luxury hospitality on Miyakojima. Nestled amidst sugarcane … [Read more...]
MCR refinances 22-hotel portfolio for $300M
MCR has secured a $300-million refinancing for a 22-hotel portfolio. Totaling 2,855 guestrooms, the 22-hotel portfolio is spread across 14 states in established and high-growth markets such as Texas, Florida, New Mexico and South Carolina. The hotels are managed by MCR’s in-house operations team of approximately 7,000 professionals. The company acquired the hotels between 2017 and 2020 and … [Read more...]
GlobalData Forecasts an Acceleration in Global Economic Growth In 2025
GlobalData expects the global economy to grow by 2.54% in 2025 despite geopolitical hurdles and possible policy shifts. Appeared first on: hotelnewsresource.com … [Read more...]
eminole Brighton Bay Hotel & Casino Begins Accepting Reservations Ahead of 2025 Opening
The first to be built on the Brighton Seminole Reservation, the hotel will offer 100 guest rooms across four floors. Appeared first on: hotelnewsresource.com … [Read more...]
Hilton's Luxury Brands to See Record Growth in 2025 with Over 500 Hotels
The brand's expansion includes more than 500 hotels in some of the world's most desirable destinations, such as New York, Costa Rica, Athens, and Osaka. Appeared first on: hotelnewsresource.com … [Read more...]
Return of International Travel Drives Up Hotel Bookings for Christmas: SiteMinder
Hotel bookings for the days leading up to Christmas, 21&25 December, are up significantly from last year—as much as 43% in Germany—shows new data from SiteMinder. Appeared first on: hotelnewsresource.com … [Read more...]
Introducing Vacation Escapes: A New Era of Effortless Vacation Planning and Resort Stays
From mountain peaks to seaside retreats, travelers can discover and book their next escape with ease. Appeared first on: hotelnewsresource.com … [Read more...]
Caring Back: How Robust & Flexible PMS is Improving Your Guests’ Arrival Experience
Inconsistent arrival experiences have hounded hotel operators for years—it’s time for technology to even the score by smoothing out the experience for everyone Appeared first on: hotelnewsresource.com … [Read more...]
Azul Hospitality Group Unveils Red Cliffs Lodge Zion as A Tribute Portfolio Hotel Following Comprehensive Renovation
The Red Cliffs Lodge Zion — Photo by Marriott Azul Hospitality, a premier hospitality management platform providing innovative approaches to maximizing an asset's performance, announced today the debut of Red Cliffs Lodge Zion, A Tribute Portfolio Hotel, following an extensive renovation and rebranding effort that has transformed the property at the gateway to Zion National Park. The hotel … [Read more...]
Department of Tourism Offers a Glimpse into Baguio City’s Glorious Past
Discovering Baguio City’s Glorious Past: From Colonial Era to Present Baguio City, Philippines – Nestled in the picturesque mountains of Northern Luzon, the City of Baguio captivates visitors year-round with its refreshing cool climate and the genuine warmth of its local hospitality. Tourists are drawn to its enchanting attractions, ranging from lush parks to vibrant markets, where they can … [Read more...]
Angsana Velavaru Unveils Contemporary Refresh of its Iconic InOcean Villas
Set amidst the turquoise waters of the Indian Ocean, Angsana Velavaru invites travellers to rediscover the magic of overwater living with the refreshed design of its iconic InOcean Villas. Recognised among the Top 20 Resorts in the Indian Ocean by the 2024 Condé Nast Traveler Readers' Choice Awards, the resort reimagines these sought-after retreats to blend contemporary elegance with the soothing … [Read more...]