Le Méridien Hotels & Resorts announced the opening of the Le Méridien Melbourne, marking the brand's debut to Australia. Source: hotelnewsresource.com … [Read more...]
Aimbridge Hospitality Acquires Houston,TX Based Terrapin Hospitality Management Portfolio of 71 Hotels
With over 8,100 rooms in 21 states, the diverse portfolio is national in scope with representation in the upper midscale and upscale segments across all major brand companies. Source: hotelnewsresource.com … [Read more...]
Ashford's Red Hospitality Acquires Alii Nui and Maui Dive Shop in Maui, Hawaii
Ashford Inc. (NYSE American: AINC) today announced that RED Hospitality & Leisure, LLC , a leading watersports and resort services company, has acquired privately-held Alii Nui and Maui Dive Shop, Maui's premier luxury catamaran and diving operation. Source: hotelnewsresource.com … [Read more...]
The Huntington Hotel in San Francisco, CA Sold
Located in San Francisco's Nob Hill neighborhood, the storied property has long been a nostalgic symbol of a bygone era, having originally been constructed in 1924 as the first steel and brick high rise west of the Mississippi. Source: hotelnewsresource.com … [Read more...]
Aimbridge Hospitality Acquires Terrapin Hospitality Management Portfolio
PLANO, Texas— Aimbridge Hospitality, a leading global hospitality company, has assumed management of 71 hotels previously operated by Houston-based Terrapin Hospitality. With over 8,100 rooms in 21 states, the diverse portfolio is national in scope with representation in the upper midscale and upscale segments across all major brand companies. Joining Aimbridge Hospitality’s Select Service … [Read more...]
New Orleans’ Spring and Summer Seasons Are Kind of One Continuous Party
At any time of year, visitors to The Big Easy will never want for things to do, from exploring its cultural sites, history, and legacy of arts and architecture to its famed music scene, singular gastronomy and varied social venues. But, the good times really roll in New Orleans during spring and summer months, when school is out, the sun is shining and everyone is in vacation mode.Crescent City’s … [Read more...]
Cornell Webinar – Hospitality Guests of Tomorrow
Guest preferences in hospitality are changing. In this webcast, a panel of Cornell faculty and industry experts will discuss how to use data to better understand and anticipate guests’ needs, emerging guest segments and their preferences, and shifting operations and marketing to capture these new guest segments. Source: hotelnewsresource.com … [Read more...]
U.S. Hotel Stocks Dropped 2.5% in February
In February, the Baird/STR Hotel Stock Index surpassed both the S&P 500 (-2.6%) and the MSCI US REIT Index (-4.9%). Source: hotelnewsresource.com … [Read more...]
How Hoteliers Can Use Technology to Improve Guest Communications and Reputation Management
A proactive reputation-management strategy seeks to maximize transparency between hoteliers and guests by creating as many avenues as possible to reach operators with their questions, comments, or concerns.By Thomas Zarikian, CEO of EB Hotels - 3.20.2023 As hoteliers we often discuss reputation management as if we are reacting to bad feedback with no other recourse. Our guests arrive on … [Read more...]
Highgate and Flynn Properties acquire The Huntington Hotel
US: The Huntington Hotel in San Francisco has been purchased by hotel management, investment and development company Highgate and hospitality and commercial real estate owner Flynn Properties. Highgate and Flynn Properties aim to renovate The Huntington’s public areas, guest rooms, the Big 4 Restaurant and Nob Hill Spa. It is expected to reopen in 2025. Arash Azarbarzin, CEO at Highgate, said: … [Read more...]
Hotel Equities and National Hospitality Services Form Strategic Alliance
ATLANTA, Georgia, and FARGO, North Dakota—Hotel Equities (HE) and National Hospitality Services (NHS) announced they have formed a strategic alliance. The NHS portfolio of 38 hotels will integrate into HE’s management platform creating growth opportunities for associates and systems to create an operations and sales engine. The alliance leverages efficiencies and resources to drive performance … [Read more...]
Operto raises US$25m in Series B financing round
Canada: Smart device automation and SaaS software, Operto Guest Technologies, has secured US$25 million in a Series B funding round. The financing round was led by specialised growth equity firm Centana Growth Partners, with participation from Thayer Ventures, FUSE, Blackpines Capital Partners and Derive Ventures. Proceeds from the round will be used to further fuel Operto’s aggressive … [Read more...]
Red Roof to open 50 new hotels in ’23
Red Roof will open 50 properties—new-builds and conversions—this year, representing 60% year-on-year growth. The company attributes this strong growth to continued demand for the brand. “Our model works, and we are seeing the outstanding results in our business,” said George Limbert, president, Red Roof. “Demand for the Red Roof brand is fueling growth as we continue to listen and evolve, … [Read more...]
Mumford Company celebrates 45th anniversary
Mumford Company, a full-service hospitality brokerage advisory firm since 1978, is celebrating its 45th anniversary this year, and Senior Principal David Mumford, along with Managing Principals Ed James and Steve Kirby, are each celebrating their 40th year in the hospitality industry. As an industry leader in the sale of focused-service and select-service hotels, the company has grown from a … [Read more...]
Puerto Rico hotel to undergo Marriott rebrand
La Concha Resort was part of Marriott’s Renaissance Hotels group for 15 years, but will now be joining the luxury Autograph Collection. Multi-million refresh The site will soon undergo a US$45 million renovation of 238 ocean front suites as well as new additions to its offerings and amenities, in order to become La Concha Resort, Autograph Collection. Works will include the construction of a new … [Read more...]
LebaTex launches Impressions line for hospitality
Bold, expressive and inviting. Step into a room that exudes artistry and design with LebaTex’s Impressions Collection of upholstery and drapery fabrics, designed to leave a lasting impression on guests by sparking conversation and inviting exploration. Heavily influenced by the company’s roots, a passion for art, design and color, the line features notes of vivid ochres and shades of blue, green … [Read more...]
Bruce Baltin passes away at 79
Hotel industry consultant Bruce Baltin passed away suddenly at age 79 earlier this month. Baltin spent his entire career as a hotel consultant. He returned to PKF Hospitality Group as a director in the U.S. office in 2022, following a long career with the firm that began in 1970. He became a partner at Pannell Kerr Forster in 1978 and a founding shareholder in the newly launched PKF Consulting … [Read more...]
HB Exclusive: Hotel Equities, NHS form strategic alliance
Hotel Equities (HE) and National Hospitality Services (NHS) have formed a strategic alliance. The NHS portfolio of 38 hotels will integrate into HE’s management platform creating strategic growth opportunities for associates and optimizing systems to create a more dynamic and powerful operations and sales engine, according to the companies. The alliance leverages efficiencies and resources to … [Read more...]
Marriott International Inks Deal to Open Eight Hotels in Saudi Arabia
Marriott International announced it has signed an agreement with Rua Al Madinah Holding Company to open as many as eight hotels in the Holy City of Madinah in Saudi Arabia.The new openings will comprise approximately 4,400 rooms across eight of the hotel giant's well-known brands, including The Ritz-Carlton, JW Marriott, Marriott Hotels, Westin Hotels & Resorts, Le Méridien Hotels & … [Read more...]
HB Exclusive: Aimbridge acquires Terrapin Hospitality management portfolio
Aimbridge Hospitality has assumed management of 71 hotels previously operated by Houston-based Terrapin Hospitality. With more than 8,100 rooms in 21 states, the portfolio is national in scope with representation in the upper-midscale and upscale segments across all major brand companies. The hotels will be joining Aimbridge Hospitality’s Select Service Division. As part of the transaction, … [Read more...]