• Controllers, Drive Your Professional Development: Attend CHCC 2018

    Club and hotel controllers: Do not miss the opportunity to get behind the wheel and take control of your own professional development. The Club and Hotel Controllers Conference (CHCC) — co-located with the world’s largest hospitality technology show HITEC® Houston at the George R.

  • Paycheck Checkup: The IRS Encourages Taxpayers to Review Withholdings

    April 17, 2018: Tax day in the United States has come and gone. Individual taxpayers have filed all of their paperwork, and have either paid up the amount owed to the United States Internal Revenue Service (IRS) or deposited their refunds in their bank accounts.

  • Is the Lodging Industry Ready for a 12th Edition of USALI?

    The 11th edition of the Uniform System of Accounts for the Lodging Industry (USALI) went live on January 1, 2015. This edition presented multiple updates such as changes to the way customers were reported in food outlets, new rooms revenue and demand segmentation, gross versus net reporting, and the addition of a new schedule, Schedule 6 — Information and Telecommunications Systems.

  • What to Expect at HITEC Houston 2018: Elite Education, Exhibits, E20X and More

    HOUSTON: A booming cosmopolitan city that is home to more than 2 million Texans, NASA’s famous Johnson Space Center, and — in just two short months — the world’s largest hospitality exhibition HITEC®.

commercial

Novum Hospitality to open Germany's next Niu hotel

Hotel Management·21 May 2018
Russelsheim-based Merkur Development Holding and Novum Hospitality will continue their partnership through a new plan to develop a Niu hotel in Eschborn, Germany.
commercial

RevPAR to surge in Scotland's Aberdeen

Hotel Management·21 May 2018
Aberdeen, Scotland is forecast to see surging RevPAR growth in the second half of 2018 for the first time since 2014, according to a report from Savills.
commercial

New boutique Hotel Goodwin in development for Beloit, Wis.

Hotel Management·21 May 2018
The city of Beloit, Wis., is receiving a $250,000 state grant to help finance the redevelopment of a vacant office building into a luxury boutique hotel: The Hotel Goodwin.
commercial

HMG Hospitality adds Ruth Ormsby as VP of development

Hotel Management·21 May 2018
Domestic and international hotel brand management firm HMG Hospitality added Ruth Ormsby to the company’s team of hotel professionals. As VP of development, Ormsby is positioned to expand the company’s roster of national hotel clients by focusing on the team’s proficiency at applying in-depth local market intelligence to major hotels’ brand marketing and property management.
commercial

Blackstone buys REIT LaSalle after cycling out of Hilton

Hotel Management·21 May 2018
Blackstone has agreed to buy real estate investment trust LaSalle Hotel Properties in an all-cash deal valued at $4.8 billion, or $33.50 per share, a 5-percent premium on LaSalle's Friday closing price.
commercial

Epelboim Development signs $21.5M loan for new Orlando Tru by Hilton

Hotel Management·21 May 2018
Epelboim Development Group secured a $21.5-million loan to finance the development of a new Tru by Hilton hotel in Orlando.
commercial

Mandarin Oriental to manage new hotel in Vietnam

Hotel Management·21 May 2018
Mandarin Oriental Hotel Group will manage a new hotel in Ho Chi Minh City in Vietnam, slated to open in 2020.
commercial

How to take control of your hotel's energy spending

Hotel Management·18 May 2018
If your hotel takes sustainability seriously, going green could also lead to a better bottom line in addition to a healthier planet. One of the core tenets of sustainable hotel operations is the need to control energy use—something that modern technology can actively assist with.
commercial

UK's hotels scour for talent ahead of Brexit

Hotel Management·18 May 2018
UK hospitality leaders used the first session of the Hospitality Workforce 2030 Commission to focus on recruitment and retention in the sector. As Brexit looms over a sector already suffering from staff shortages, employers are preparing for a “talent war” with training and even loans being used to attract employees.
commercial

Former Grand Wailea GM to lead Waldorf Astoria Chicago, Conrad Chicago

Hotel Management·18 May 2018
The Waldorf Astoria Chicago and the Conrad Chicago appointed Todd Temperly as GM of Hilton’s two premier luxury properties located in downtown Chicago. In his new position, Temperly will be responsible for the day-to-day operations of the 215-room and 289-room hotels, both owned by Geller Capital Partners.
commercial

My Place Hotels begins development on second Nebraska hotel

Hotel Management·18 May 2018
My Place Hotels of America began development on Nebraska’s second My Place hotel, located in Hastings. Construction will soon commence on the three-story, 46-unit hotel at 200 East 31st Street. As Hastings’ first extended-stay hotel, My Place will serve the area’s many visitors with the newest and best accommodations for short- and long-term stays.
commercial

Startup Nation: Travel upstarts find their footing, fish for funding

Hotel Management·18 May 2018
There is no shortage of investment flowing into travel startups. Consider the Phocuswright study, “The State of Travel Startups 2017,” which tracked 1,497 digital upstarts around the globe and collectively attracted nearly $62 billion in funding. Those capital resources are nearly double the $32.6 billion that was funneled into the 1,252 startups tracked during the previous year.
commercial

Apple Leisure Group, NH Hotels alliance to fuel European expansion for AMResorts

Hotel Management·17 May 2018
Europe is the apple of Apple Leisure Group's eye. In partnership with Spain's NH Hotel Group, the two companies announced an alliance to bring AMResorts’ brands to Europe, along with a new midscale brand that has just been launched.
commercial

4 summer travel trends to watch

Hotel Management·17 May 2018
The official start to summer is almost upon us, and this year travelers may be looking for a break in a big city rather than some time at the beach.
commercial

Temple Bar's Dublin Citi Hotel is up for sale

Hotel Management·16 May 2018
Savills is marketing the €10.7-million sale of the Dublin Citi Hotel in Dublin's Temple Bar. The 27-room hotel is next to the former Central Bank building. The hotel's current tenants have a 25-year lease, paying €660,000 per year. The property will come with a sale-and-leaseback agreement and will be subject to five yearly rent reviews linked to the Consumer Price Index, according to The Irish Times.
commercial

Hotel booking through Instagram now available

Hotel Management·16 May 2018
Instagram recently unveiled new action buttons, making it easier for the social media platform’s 800 million users to book hotel rooms and other travel reservations through the app. With the new features, users can now book, get tickets, reserve or "start order" without having to leave the app.
commercial

IHG opens first InterContinental Hotel in Bulgaria

Hotel Management·16 May 2018
InterContinental Hotels Group has opened Bulgaria's first InterContinental Hotels & Resorts-branded property in the capital city of Sofia.
commercial

HIS deploys advanced TV voice command functionality with BeyondTV

Hotel Management·16 May 2018
Hotel Internet Services is unveiling the full integration of voice-activated technology in its BeyondTV platform, a television content streaming and casting solution that offers an all-inclusive guestroom entertainment experience. Deployed alongside Amazon's Alexa and via a software integration with Volara, BeyondTV now provides guests with the ability to fully control all television-based functions that the solution offers through voice command.
commercial

Benbria reports compliance with GDPR

Hotel Management·16 May 2018
Benbria reports that it is compliant with the European General Data Protection Regulation, which will become enforceable on May 25. The GDPR requires businesses to protect the personal data and privacy of EU citizens for transactions that occur within EU member states.
commercial

New launch TravelVUE monitors social media

Hotel Management·16 May 2018
RCI and CustomerCount have launched TravelVUE, a multifaceted social-analytics and support system that monitors brand sentiment, gathers real-time brand conversations, and provides insight for social media and marketing teams. Through aggregated reports, TravelVUE can help travel professionals make critical decisions related to the performance of digital and social advertising, audience engagement with content, reputation management and the delivery of social customer service.
commercial

The chasm between hotel brands and owners is wide-or is it?

Hotel Management·16 May 2018
I recently asked two Wall Street analysts this question: Is there a correlation between the stock performance of hotel C-corps and revenues/returns for hotel owners (real estate investment trusts and franchisees)?
commercial

Canada poised to see hotel sales decline in 2018

Hotel Management·16 May 2018
According to Colliers International, Canada's hotel transaction volume is expected to fall short of last year's $3.5
commercial

Niro Investment Group plans expansion in Romania

Hotel Management·16 May 2018
Romania's Niro Investment Group is set to drop €60 million into the local hotel sector within the next four years.
commercial

Munich hotel market demand, performance rebounds in April 2018

Hotel Management·16 May 2018
A recent STR report for Munich's hotel market showed that the German city experienced significant demand and performance growth in April 2018.
commercial

Virginia Beach Resort Hotel & Conference Center sold for $19 million

Hotel Management·16 May 2018
Lingerfelt CommonWealth Partners, a real estate income fund management firm headquartered in Richmond, Va., will purchase the Virginia Beach (Va.) Resort Hotel & Conference Center at 2800 Shore Drive for $19 million. Lingerfelt CommonWealth Partners hired Commonwealth Lodging Management, a hospitality management and consulting firm headquartered in Virginia Beach, to operate and manage the hotel/conference center. The 263,328-square-foot hotel has 295 suites, and is located on a 3.6-acre site along the Chesapeake Bay.
commercial

W Hotels veteran Joanna McCreary appointed GM of the W Austin

Hotel Management·16 May 2018
The move brings her back to the property, where she served on the opening team as director of

Newletter

Thank you for subscribing. Your email address has been added to our mailing list.
Close
To subscribe to the Finance Bytes Newsletter please enter your email address below.
An error occured, please check your input and try again.
CancelSubscribe