MMGY Global survey observes decrease in overall travel intent but also notable upticks in trip frequency, international trips and planned spending
Source: hotelnewsresource.com
Putting a Dollar Value on a Hotel & By David Lund
Determining the current selling or asking price for a hotel is a bit tricky. Compared to estimating the present value of a house it's more like a detailed math exercise rather than a google search on Redfin. That's what this piece is all about, how you can estimate the value, AKA sales price. Source: hotelnewsresource.com … [Read More...]
Cloudbeds and Cendyn Join Forces to Optimize Hotel Operations, Elevate Guest Relationships and Boost Revenue
This collaboration connects Cloudbeds’s property management system (PMS) seamlessly with both Cendyn CRM and Cendyn Digital Marketing Platform (DMP), empowering hoteliers to optimize operations and elevate guest relationships to boost revenue streams.5.20.2024 Cloudbeds, the premier hospitality management software platform, and Cendyn, a global integrated hotel technology and services company, … [Read More...]
Aruba Details New Technology, Sustainability Initiatives, Hotel Developments, and more at CHA
The Aruba Tourism Authority today detailed upcoming developments, major events, key sustainability initiatives, and a new tech-savvy resource that will assist visitors in planning their experiences of the One happy island. These updates come as the island enjoys strong visitation numbers, with full year 2023 visitation showing moderate growth from 2019 … [Read More...]
New Lindon Hotel Selects mycloud PMS to Enhance Its Operational Efficiencies and Improve Guest Services
The 50-room hotel now has a modern and more efficient cloud-based system that is helping its management team with better decisions by providing insightful information through varieties of reports.5.20.2024 New Lindon Hotel, headquartered in London’s West End, is using mycloud Hospitality Software’s all-in-one cloud-based Hotel Property Management Solution (PMS) to enhance operational … [Read More...]
Hilton Pensacola Beach undergoes $11M in renovations
Hilton Pensacola Beach, a beachfront property operated by Innisfree Hotels, has completely refreshed its common areas with $11 million in renovations to the lobby, front desk, restaurants, bars and more. Among the upgrades: Front desk: A visually captivating 6×20-ft. backlit LED screen immerses guests in a vibrant display of color and motion Lobby: Brand-new floors and a wood-slat design … [Read More...]
Adam Patenaude named Dreamscape Hospitality president
Dreamscape Hospitality has appointed Adam Patenaude as its new president. He previously served as SVP, operations at Aimbridge Hospitality. In his new role, Patenaude will leverage his industry knowledge to shape the company’s trajectory as a hotel operator, driving strategic and profitable initiatives for the brand’s portfolio of properties in markets across the U.S., the company reports. He has … [Read More...]
Red Roof Plus Palm Coast sells
DSH Hotel Advisors, a national hotel brokerage and advisory firm headquartered in Tampa, arranged the sale of the 78-room Red Roof Plus Palm Coast for an undisclosed price and closed in 34 days. Dennis S. Hopper, managing principal of the firm; Randy B. Taylor, SVP, investments; Dylan N. Amin, VP, investments; and Sam Patel, investment associate, represented the seller, SVM Palm Coast LLC, and the … [Read More...]
Home2 Suites by Hilton Poughkeepsie debuts
Home2 Suites by Hilton Poughkeepsie, managed by Brandt Hospitality Group, has opened in Poughkeepsie, NY. The property is located near Marist College and Culinary Institute of America in Dutchess County. The world’s longest elevated pedestrian bridge—The Walkway Over the Hudson—is about five miles away. The hotel features 111 extended-stay suites equipped with kitchen amenities such as a … [Read More...]
SAK acquires Staybridge Suites Tysons-McLean
Hunter Hotel Advisors has arranged the sale of the Staybridge Suites Tysons-McLean. SAK Developers acquired the five-story property for an undisclosed price. Situated in downtown McLean, the hotel has 142 extended-stay keys and is close to Tysons Corner, which hosts numerous corporate demand generators and major government agencies. Amenities include a 24/7 fitness center, 360 sq. ft. of meeting … [Read More...]
Mohari, Weller Development forge strategic alliance
Mohari Hospitality and Weller Development Partners have forged a strategic partnership that will unlock new opportunities for growth for both companies in the luxury hospitality sector in key markets throughout North America and the Caribbean. Mohari’s programmatic investment will not only bolster Weller’s existing investments, including Six Senses Napa and Six Senses Grand Bahama, but will also … [Read More...]