A summary of European hotel transactions provided by HVS
Source: hotelnewsresource.com
First Light Resorts Opens Firefall Ranch, Yosemite's New Luxury Getaway
Firefall Ranch has opened near Yosemite's northwest entrance. The ranch offers a variety of cottages and villas. Source: hotelnewsresource.com … [Read More...]
Travel & Tourism Set to Add a Record QAR 81BN to Qatar's Economy
The World Travel & Tourism Council's (WTTC) 2024 Economic Impact Research (EIR) has revealed the Qatari Travel & Tourism sector reached new heights last year, with GDP contribution, jobs and domestic traveller spend all surpassing previous peaks. Source: hotelnewsresource.com … [Read More...]
Portugal's Travel & Tourism Industry Poised for Historic Year
The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) has revealed Portugal's Travel & Tourism sector is on the brink of a historic year, with its economic contribution expected to exceed €54 billion. Source: hotelnewsresource.com … [Read More...]
Reservations Sales Agents: It Is NOT Our Job To Tell Them What's Available; It IS Our Job To Help Them Decide! Complimentary Registration Now Open For Doug Kennedy's Next Webcast!
Register your team and participate live, or view the recording, of Doug Kennedy’s next 40&minute training webcast scheduled for Friday, May 17, from Noon & 12:45pm EST. Source: hotelnewsresource.com … [Read More...]
Chaos at UK airport as border gates fail again: What happened and will it affect the new EES system?
Several of the UK’s busiest airports saw their e-gates system fail on Tuesday - but is it concerning or par for the course? E-gates at airports across the UK have returned to normal following a mass outage which caused disruption and huge queues for thousands of passengers.On Tuesday, the electronic gates Heathrow, Gatwick, Stansted, Edinburgh, Birmingham, Manchester and Bristol airports … [Read More...]
KKR and Amante acquires Park Grand London Kensington Hotel
UK: Global investment firm KKR and its European hospitality partner Amante Capital have acquired of the Park Grand London Kensington Hotel from Bartek Holdings Limited for an undisclosed amount. The 132-bedroom Park Grand London Kensington Hotel will undergo a refurbishment, which will include enhancements to the property’s environmental credentials, and be repositioned as a boutique … [Read More...]
John Testerman joins JLL’s Raleigh office
John Testerman has joined JLL’s Hotels & Hospitality group’s Raleigh, NC office as senior director. He will work closely with Ketan Patel, who leads hotel investment sales in the Mid-Atlantic region, as well as Travis Anderson and Pete Pitroff, who head the Carolinas office. Testerman’s career in commercial real estate began in 2012. In his role as senior director, he will be … [Read More...]
Vision Hospitality breaks ground on dual-branded Hilton property
Vision Hospitality Group Inc. has broken ground on a dual-branded Home2 Suites and Tru by Hilton in Cleveland, TN. The forthcoming development will feature a combined total of 140 keys spanning five stories. Amenities will include 768 sq. ft. of flexible meeting space and an outdoor pool. Construction is projected to be complete in mid to late 2025. “We are thrilled to continue to strengthen … [Read More...]
Hospitality America promotes Leigh Holloway to chief strategy officer
Hospitality America has promoted Leigh Holloway to chief strategy officer (CSO) under the leadership of Ben Campbell, president/CEO Ben Campbell. Having joined Hospitality America in 2016, Holloway has had various roles within the company, including VP, revenue management and regional director, revenue management. In her new capacity as CSO, she will steer the strategic planning process, identify … [Read More...]
Choice reports Q1 net income of $31M
Choice Hotels International Inc., for the first quarter ended March 31, reported net income of $31 million. Domestic RevPAR decreased 590 basis points for the quarter compared to the same period of 2023, but increased 8.2% compared to the same period of 2019. “Building on our record 2023 financial results, we drove first quarter performance to new levels, with adjusted EBITDA and EPS … [Read More...]