JLL Capital Markets has arranged financing for the 218-key Hyatt Centric Buckhead Atlanta in Georgia. JLL represented the borrower, a joint venture between Songy Highroads LLC and an affiliate of Hyatt Hotels Corporation, in securing the loan from a global bank. The 18-story hotel opened in 2021 and features diverse food and beverage options including Three Arches restaurant adjacent to the … [Read more...]
BLH, Pendant Capital acquire The Raphael Hotel
Bentley Legacy Holdings (BLH), through its partnership with Pendant Capital, has expanded its portfolio of boutique hotel assets with the acquisition of The Raphael Hotel, Autograph Collection, a historic Kansas City, MO. Bentley Legacy Group, the management arm of BLH, has assumed management of the hotel. The hotel has been a Kansas City fixture since 1928, originally serving as an apartment … [Read more...]
New Ravenna Intros San Marco Collection
New Ravenna, a designer and manufacturer of mosaics for residential and commercial installations, has introduced the San Marco collection, in homage to the Italian lineage of New Ravenna and the enchantment of Venice. Drawing inspiration from the characteristics of the Lagoon city, Jacquelyn Bizzotto designed 10 patterns that capture the artisanal elements synonymous with Venice. The San Marco … [Read more...]
Michael Innocentin named Omni CMO
Omni Hotels & Resorts has appointed Michael Innocentin as its chief marketing officer (CMO). Innocentin will oversee the planning, development and execution of all brand marketing initiatives, including advertising, public relations, social media, the website and digital campaigns. Additionally, he will direct Omni’s customer engagement and Select Guest Loyalty programs. He will report … [Read more...]
ESA Premier Suites hotel opens in Florida
Extended Stay America (ESA) has opened the Extended Stay America Premier Suites Fort Myers – Airport in Fort Myers, FL. Turnstone Group developed the property, which Sandpiper Hospitality will manage. The four-story, 124-room newly constructed Extended Stay America Premier Suites Fort Myers – Airport hotel features free WiFi, complimentary healthy breakfast, premium cable, a fitness room, on-site … [Read more...]
Wyndham expands all-inclusive offerings
A newly formed alliance between Wyndham Hotels & Resorts and Decameron All Inclusive Hotels & Resorts will add nine resorts across Mexico, Panama and Jamaica to the Wyndham portfolio. The deal expands Wyndham’s all-inclusive offerings to more than 50 resorts globally while connecting Decameron to Wyndham’s marketing, technology and distribution platforms, including the Wyndham … [Read more...]
Hotel Equities adds first hotel in CALA region
Hotel Equities (HE) has been selected as the management partner for the Hampton by Hilton St. Thomas. The hotel is the first new hotel development in the U.S. Virgin Islands in more than 30 years and is the inaugural property under Hotel Equities’ Trust Hospitality division, marking the company’s debut in the Caribbean and Latin American (CALA) markets. The project, developed by Sean Miller … [Read more...]
LE: China’s Q1 construction pipeline grows
Lodging Econometrics’ (LE’s) Q1 2024 Hotel Construction Pipeline Trend Report reveals steady growth in China’s construction pipeline, with 3,775 projects encompassing 695,212 rooms. The total pipeline in the country continues to expand, increasing 3% by projects and 2% by rooms year-over-year (YOY). At the close of the first quarter, China has 2,691 projects and a record-high 488,560 rooms … [Read more...]
RMS Cloud names David Murray CEO
RMS Cloud, a global provider of property management software, has appointed David Murray as CEO, effective in June. Joining RMS Cloud after a tenure as CEO of Buildxact, a global software-as-a-service company, Murray also previously held key roles at companies such as IBM and Amdocs. “Joining RMS Cloud is both an honor and an exciting new challenge,” said Murray. “For more than … [Read more...]
Booking.com uncovers summer family travel trends
Digital travel platform Booking.com reports that searches for accommodations by families for the summer travel season are already seeing an 8% increase as compared to last year, while flight searches globally are seeing an increase of 21%. These figures underscore a strong interest in travel this summer, as families look to make the most of the warmer months ahead. Families are eyeing beaches, … [Read more...]
Everhome Suites opens third property
Choice Hotels International Inc. has opened Everhome Suites Nampa Boise in Nampa, ID, marking the midscale extended-stay brand’s third opening, with more than 10 open hotels forecasted within the next year. The property features the brand’s Closer to Home design package, incorporating local community touches into signature spaces. “With more than 60 Everhome Suites in various … [Read more...]
JLL arranges $735M refi for Disney Swan & Dolphin Resort
JLL’s Hotels & Hospitality group arranged a new $735 million, five-year, floating-rate SASB CMBS term loan to refinance The Walt Disney World Swan, Walt Disney World Dolphin and Walt Disney World Swan Reserve, a 2,619-key resort located adjacent to the theme parks within Walt Disney World in Lake Buena Vista, FL. JLL represented a joint venture between Tishman Hotel & Realty and MetLife … [Read more...]
Driftwood Capital secures $30M for Sheraton Dallas refi
Driftwood Capital has, through its lending fund Driftwood Lending Partners LP (DLP), provided $30 million in mezzanine financing for the refinancing of the Sheraton Dallas Hotel, a 1,841-key hotel and convention center serving as the largest hotel in Texas and which is sponsored by Chartres Lodging Group. The mezzanine financing will accompany a $270-million senior loan originated by Goldman Sachs … [Read more...]
Mews launches Flexible Financing funding program
Mews has launched the Flexible Financing funding program, which provides hospitality businesses with access to capital, as the number of hoteliers branching out to offer additional amenities for guests has more than doubled in the last year. Flexible Financing is delivered in collaboration with financing provider YouLend, enabling eligible customers to receive funding of up to 1 million euros … [Read more...]
Placemakr expands in Texas with four new properties
Placemakr, a flexible-use hospitality and multi-family operator, will expand across Texas with four new property launches, bringing the company’s total operations to more than 800 units in the state. The expansion includes the acquisition of Placemakr Downtown Austin, formerly named 3Waller, a 259-unit property in downtown Austin, marking the sixth property acquisition for Placemakr. The … [Read more...]
Sonesta opens hotels in Wyoming and Michigan
Sonesta International Hotels Corporation has opened Red Lion Gillette in Gillette, WY, and Sonesta Grand Rapids in Grand Rapids, MI. Red Lion Gillette is a 159-room, select-service value hotel, while Sonesta Grand Rapids Airport is a 183-room upscale property “We are excited to open the first Sonesta hotels in Gillette, WY, and Grand Rapids, MI,” said Norman Leslie, cofounder, Lodging Opportunity … [Read more...]
Knowland: Nashville records highest meetings growth in April
Nashville saw an uptick in meetings and events in April, growing 38% year-over-year (YOY), according to data from Knowland. Las Vegas continued a steady climb with 22.8% YOY growth. This data is sourced from Knowland’s sales intelligence platform and designed to help hoteliers protect and grow their revenue base. Overall meeting volume growth was flat for the industry at a 1.3% increase YOY. The … [Read more...]
Aimbridge names Eric B. Jacobs chief global growth officer
Aimbridge Hospitality has appointed Eric B. Jacobs as its new chief global growth officer, effective June 2. He will sit on the organization’s executive leadership team and report directly to CEO Craig S. Smith. As chief global growth officer, Jacobs is set to oversee all aspects of growth and development, leveraging his more than three decades of North America and International leadership across … [Read more...]
The Hotel Portsmouth opens after redesign
Lark Hotels, the lifestyle hotel company with boutique properties in destinations throughout the U.S., has reopened flagship Portsmouth, NH property, The Hotel Portsmouth. Originally built in 1881 by ship merchant and businessman John E. Sise, the hotel is a classic example of Queen Anne Victorian architecture and served as one of the port city’s first independent lodging … [Read more...]
LE: APEC construction pipeline breaks all-time record
According to the Q1 2024 Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the total pipeline in the Asia-Pacific region, excluding China, (APEC) reached a record-breaking project total of 2,021 projects/402,312 rooms. This new all-time high represents a 7% year-over-year (YOY) increase in projects and a 2% YOY increase in rooms. At the close of the first quarter, there are … [Read more...]