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  • Members Only: 2018 HFTP Compensation and Benefits Report

    By Tanya Venegas, MBA, MHM, CHIA. Results to the biannual survey conducted by Hospitality Financial and Technology Professionals (HFTP). Information includes data on compensation and benefits trends for finance and technology professionals in the club and lodging industries.

  • IT Spending in the Lodging Industry Three-year Analysis: 2015–2017

    By Agnes DeFranco, Ed.D., CHAE; Arlene Ramirez, CHE, CHAE; and Tanya Venegas, MBA, MHM, CHIA. PART II: An analysis of IT spending data in the lodging industry based on reporting in the new USALI Schedule 6 — Information and Telecommunications Systems.

  • Letter from the HFTP Global President: Budgeting and Planning are Integral to Success

    HITEC Houston, which attracted HFTP’s largest event attendance in history, may now be behind us but the year is far from over. At the end of this month on July 28 is the new Club Forum in Sarasota, Florida USA.

  • HITEC Special: Revenue Strategy: Not Just a Fancy New Name for Revenue Management

    By Cindy Estis Green. A strategic view of revenue calls for proactive business mix planning and decision-making around deployed resources, well beyond reacting to what comes over the transom. Excerpt from the 2018 HITEC Bytes Special Report.

Crescent Hotels & Resorts And Aliz Group Announces Management Team For Aliz Hotel Times Square

Hotel Interactive ·17 September 2018
Aliz Group announced today the appointment of the new management team who will oversee day-to-day operations at the group’s flagship property, Aliz Hotel Times Square, which is managed by Crescent Hotels & Resorts.

Hotel Equities Joins Forces With Virtua Partners

Hotel Interactive ·12 September 2018
Hotel Equities (HE), the hospitality industry’s premier hotel management and development company, announced today that it has created a strategic alliance with private equity firm, Virtua Partners. Virtua Partners is making a series of investments totaling more than $500 million into HE’s hospitality platform. The new capital will be utilized to fuel growth through hotel management company acquisitions, organic growth and strategic investments into various hospitality assets.

MCR Sells Downtown St. Louis Hillton

Hotel Interactive ·10 September 2018
MCR, the sixth-largest hotel owner-operator in the United States, has sold the 195-room Hilton St. Louis Downtown at the Arch, located at 400 Olive Street in St. Louis, Missouri. The firm purchased the hotel in December 2016.

Pebblebrook Hotel Trust Comments On Determination by Board of LaSalle Hotel Properties

Hotel Interactive · 6 September 2018
Pebblebrook Hotel Trust (NYSE: PEB) (“Pebblebrook”) today commented on the determination by the Board of Trustees of LaSalle Hotel Properties (NYSE: LHO) (“LaSalle”) that the Pebblebrook proposal of August 21, 2018 constitutes a “Superior Proposal” under the merger agreement LaSalle entered into with affiliates of The Blackstone Group L.P. (NYSE: BX) (“Blackstone”).

Tru by Hilton Achieves Unprecedented Summer Growth With 13 New Property Openings Across 11 States

Hotel Interactive · 5 September 2018
Tru by Hilton, the fastest hotel brand to launch in industry history, continues to heat up this summer with the openings of 13 new properties from June through August that span 11 states. Tru by Hilton’s growth and success are a testament to the brand’s aggressive development, with more than 35 open properties and over 300 hotels in the pipeline. The latest Tru by Hilton properties have expanded the options for both leisure and business travelers seeking a quality stay at an affordable price point in these 13 markets.

Marriott International Plans To Expand Its Branded Residential Portfolio By More Than 70 Percent By 2022

Hotel Interactive · 5 September 2018
Marriott International (NASDAQ: MAR) has announced that its branded residential portfolio is expected to grow by more than 70 percent in four years as both consumers and residential real estate developers seek homes affiliated with its brands such as Ritz-Carlton, St. Regis, EDITION and W everywhere from Mexico to Malaysia and Boston to Bangkok.

Preservation Projects

Hotel Interactive ·30 August 2018
Everything “that’s old is new again” is becoming commonplace at Charlestowne Hotels. The addition of Atlanta’s famed Hotel Clermont brings the number of Charlestowne Hotel’s most-recent preservation properties to five. That portfolio includes The Collector Luxury Inn & Gardens in St. Augustine, FL; The Fairlane Hotel in Nashville, TN; The Bristol Hotel in Virginia; and The Foundry Hotel in Asheville, NC. The Bristol and The Foundry each are scheduled to open in the Fall of 2018.

On An Extended Run

Hotel Interactive ·28 August 2018
There’s no denying how trendy boutique independent hotels are these days, especially some of the more uniquely designed properties in major urban markets. In fact, barely a day goes by when we don’t hear about another new one. But for owners and developers looking to maximize profitability and enhance their chances for long-term success, one of the industry’s worst kept secrets is: extended-stay hotels. This burgeoning segment has consistently outperformed other segments for the better part of the last decade and shows no signs of slowing down.
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Filling The Void

Hotel Interactive ·24 August 2018
The retail apocalypse has already claimed many victims, and with the convenience of the Amazon-led online shopping trend, there may be an opportunity for hotel brands to fill this vacuum in order to meet malls’ and landlords’ need for new tenants.

Plenty Of Runway Left

Hotel Interactive ·21 August 2018
As we near the end of August, the annual summer season—critical to many hoteliers—is winding down and the overall lodging industry is gearing up for the final third of 2018. By all accounts the summer has generally been solid, if not spectacular, in terms of performance and there is plenty of more good news on the horizon.

First Hospitality Group Inc. Acquires The Hampton Inn Pittsburgh/Monroeville

Hotel Interactive ·21 August 2018
Rosemont, Illinois-based First Hospitality Group, Inc. (FHG) announced that it has acquired and will manage the Hampton Inn Pittsburgh / Monroeville in Monroeville, Pennsylvania. FHG President David Duncan made the announcement.

Denihan Hospitality Offers Summer Externship Program For NYC Career And Technical Education Instructors

Hotel Interactive ·21 August 2018
Denihan Hospitality, (“Denihan” or the “Company”) a full service hospitality company, is excited to announce that it will be hosting four certified New York City Department of Education’s Career and Technical Education instructors this summer for a two-week externship program at its The Benjamin and Shelburne Hotel & Suites by Affinia. Instructors will translate important aspects of business management and operations to inform their curriculum and teaching practice.

Berkadia Hotels And Hospitality Group Completes $46.5 Million Sale Of Upscale Select-Service Portfolio

Hotel Interactive ·20 August 2018
Berkadia’s Hotels & Hospitality group announced today the $46.5 million sale of a three-hotel property portfolio, consisting of a Hilton Garden Inn, a Hampton Inn & Suites and a Hyatt Place. Managing Directors Mark Morris and Kyle Stevenson and Senior Director Dan Hawkins of the Washington, D.C. Metro office, along with Senior Director Matt Bailly of the Los Angeles office, completed the sale on behalf of Summit Hotel Properties. The transaction closed on July 24.

A Larger Landscape

Hotel Interactive ·17 August 2018
Valencia Group is reshaping the landscape of Texas hotels as its collection of independent and design-centric boutique hotels—all but one of which is located in the Lone Star State—will grow to a total of eight later this year when Texican Court opens in Irving, TX.

HFF Announces $503M Refinancing For Three Prominent Hotels In New York, Miami And Washington, DC

Hotel Interactive ·17 August 2018
Holliday Fenoglio Fowler, L.P. (HFF) announces a $503 million refinancing for three prominent hotels totaling 1,049 rooms in New York, Miami and Washington, D.C.

IHT Signs Agreement And Sells Its IBC Subsidiary

Hotel Interactive ·17 August 2018
InnSuites Hospitality Trust (NYSE American: IHT), through InnSuites Hotels, Inc., entered into an agreement to profitably sell its wholly-owned subsidiary, IBC Hotels, LLC (“IBC”) to a wholly-owned subsidiary of OBASA Capital Investments, Inc., an independent third-party purchaser. The sale was completed, with funds being received by IHT, on August 16, 2018. The sale price and terms were not disclosed.

Q Hospitality Management Signs Iconic Captain Whidbey Inn

Hotel Interactive ·16 August 2018
Q Hospitality Management, a Seattle-based hospitality management company offering consulting and operational support to unique and distinctive independent hotels and restaurants, announces it has secured, under its management brand The Q Hotel Group, the management contract for the iconic Captain Whidbey on Whidbey Island, Wash.

Cleaning It Up

Hotel Interactive ·15 August 2018
Is this the rise of new housekeeping legislation across the U.S.? Here's some examples of new hotel requirements.

'Cobbling' It Together

Hotel Interactive ·14 August 2018
With an eye on growing its overall presence in the Southeast while adding an economy brand to its growing portfolio of midscale hotels, Cobblestone Hotels, LLC recently acquired Key West Inns, Hotels & Resorts and Centerstone Hotels.

Trump International Hotel & Tower New York Announces Renovation Of Iconic Luxury Property

Hotel Interactive ·14 August 2018
Trump International Hotel & Tower New York, a Forbes Five-Star/AAA Five-Diamond luxury hotel in Manhattan overlooking Central Park, is pleased to announce the renovation of its guest rooms, suites and common spaces.

Return To Glory

Hotel Interactive ·13 August 2018
The history of modern Los Angeles goes back only around 150 years, meaning the City of Angels is still relatively young in terms of architectural history and design. As an example, the Warner Pacific Theater on Hollywood Blvd., built in 1928, is considered a relic.

Hilton Grand Vacations Announces Departure Of Chief Financial Officer And Reaffirms Guidance

Hotel Interactive ·13 August 2018
Hilton Grand Vacations Inc. (the “Company”) (NYSE:HGV) announced that its Board of Directors terminated James E. Mikolaichik as Executive Vice President and Chief Financial Officer, effective today, for conduct and behavior not consistent with the Company’s policies. Mr. Mikolaichik’s termination was not related to any issues involving the Company’s business, strategy, operations, performance, financial reporting or internal controls.

Feeling Good About The Future

Hotel Interactive ·10 August 2018
Some of the key factors that are tied to the success of economy hotels include quality, cleanliness and overall economic conditions within the U.S., according to a handful of brand executives.

American Hotel Income Properties REIT LP Completes $5.2M Renovation At The Embassy Suites DFW South

Hotel Interactive ·10 August 2018
American Hotel Income Properties REIT LP ("AHIP", the "Company") (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.U) is pleased to announce that it has completed approximately US$5.2 million of renovations at its Embassy Suites DFW South, near the Dallas/Fort Worth airport in Irving, Texas.

Cobblestone Hotels, LLC Acquires Key West Hotels & Centerstone Hotels

Hotel Interactive · 7 August 2018
Cobblestone Hotels, LLC announced the acquisition of the Key West Inns, Hotels, & Resorts and Centerstone Hotels that took place August 1.
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Hyatt Selects Senior Leader To Advance Global Well-being Strategy

Hotel Interactive · 7 August 2018
Hyatt Hotels Corporation (NYSE: H) announced today that Hyatt has selected Mia Kyricos as senior vice president, global head of wellbeing, underscoring Hyatt’s commitment to care for people so they can be their best. Kyricos will report to Mark Vondrasek, Hyatt’s chief commercial officer.

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