• HFTP GDPR Guidelines: Hospitality Organization Flow Charts

    This document is a set of flow charts illustrating data flow scenarios, involved parties providing hospitality services, steps of the guest journey and more. Four scenarios are presented: independent hotel, independent hotel with third party agreement, branded hotel and branded hotel with independent control.

  • Job Description: Hospitality Data Protection Officer

    This document highlights the role and qualities of a hospitality data protection officer. It can be used as a guideline for an internal recruitment, the expansion of an existing position or the recruitment of a third party to assist in the compliance for the GDPR.

  • Job Description Template: Club Accounting Positions

    The HFTP Americas Research Center has developed example job descriptions for club accounting positions. The process involved reviewing sample job descriptions, and compiling the information into standardized job descriptions.

  • Members Only: A Room for Robots in Hospitality

    Realistic uses for artificial intelligence are increasing, making way for machine-based assistance in accounting, marketing, customer service and more. This feature details current scenarios where robotics is used in the business environment, such as for accounting tasks.

HTNG Delivers GDPR for Hospitality White Paper

HTNG ·13 March 2018
The GDPR goes into effect on May 25, 2018; at that time, it will replace the EU's earlier Data Protection Directive (1995). This law governing PII will affect global hospitality chains, trading partners and vendors who conduct business within the European region, whether or not they are located in the European region.The executive-level white paper describes key considerations, use cases and impacts of these regulations for the hospitality industry. HTNG's GDPR for Hospitality Workgroup also produced a GDPR assessment tool to help professionals in the industry evaluate their company's ability to comply with the new regulation.Over 50 companies participated in HTNG's GDPR for Hospitality Workgroup. The group was led by Co-chairs John Bell of Ajontech, Chris Farrar of DOCOMO interTouch, Daniel Johnson of VENZA and Richard Sheinis of Hall Booth Smith, P.C.The GDPR for Hospitality White Paper and Self-Assessment can be downloaded under the "Applicable to most software systems" section on HTNG's Technical Specifications page.

CBRE Hotels is pleased to present the Limes Hotel for sale via EOI.

hotelmanagement.com.au·13 March 2018
CBRE Hotels is pleased to present the Limes Hotel for sale via EOI. by Bgrover on March 13, 2018 in What’s Hot Key investment highlights include: 4.0-star award-winning Alexander Lotersztain designed hotel which opened in 2008 21 boutique guest rooms, rooftop bar and function room with two plunge pools Offered with vacant possession – ideal for owner operators and boutique brands High profile asset with strong brand equity Operational simplicity – limited service offering with an efficient design and layout Attracts a mix of mid-week corporate demand and weekend leisure demand Located in close proximity to major demand generators including the CBD, Fortitude Valley Entertainment precinct, RNA Showgrounds and Convention Centre, Royal Brisbane and Women’s Hospital and surrounded by office and retail precincts

ICE Storm: Immigration Compliance Threats To The Hospitality Industry

4hoteliers.com·10 March 2018
It’s no secret that immigration compliance is a priority to the Trump administration, so the recent announcement that it expects the number of worksite investigations to quadruple in coming years should come as no surprise. As Derek Brenner, the acting director for Homeland Security Investigations at Immigrations and Customs Enforcement (ICE), recently stated: “This year, … you’re going to see more and more of these … large-scale compliance inspections, just for starters. It’s not going to be limited to large companies or any particular industry…. It’s going to be inclusive of everything that we see out there. We need to make sure that employers are on notice that we are going to come out and ensure that they’re being compliant. For those that don’t, we’re going to take some very aggressive steps in terms of criminal investigations to make sure that we address them and hold them accountable.”

AHLA and AHLEF Release 2017 Annual Reports

Lodging Magazine· 6 March 2018
On Monday, the American Hotel & Lodging Association (AHLA) and the American Hotel & Lodging Educational Foundation (AHLEF) both finalized and released their 2017 Annual Reports detailing last year’s hospitality industry accomplishments. The theme of AHLA’s annual report is “All Together,” which the association says reflects the nature of the hospitality business, where each team at a hotel comes together to provide a positive guest experience.

RedDoorz raises pre-Series B round of US$11 million as part of growth in Southeast Asia

RedDoorz · 6 March 2018
Amit Saberwal, Founder & CEO, RedDoorz said, "The scale of the Southeast Asia opportunity is mind-boggling. A lot of people don't know that. Our aim has always been to tap into Southeast Asia's US$52 billion travel market, which is largely comprised of budget hotels rated three stars or below. We target to go up the value chain and offer the best predictable stay experience for our users across the region."The additional funds will go towards RedDoorz's aggressive regional expansion and strengthen its leading position in Southeast Asia's online hotel budget marketplace. Launched in 2015, RedDoorz has expanded rapidly garnering over 500 properties and servicing over 700,000 stayed room nights thus far in the region. The brand is present in over 16 cities in Indonesia itself with over 3,000 hotel rooms on its platform and has a team strength close to 180 people.Towards the end of 2016, RedDoorz had raised an unannounced US$5 million Series A round that was led by the Asia Investment Fund of Susquehanna International Group (SIG), International Finance Corporation (IFC), the private investment arm of the World Bank Group, and Jungle Ventures. Massive interest in this round can be attributed to RedDoorz's deep market penetration, strong execution and comprehensive expansion strategy."We at FengHe are very familiar with the space RedDoorz is in and have seen similar hospitality models flourish in the past in China. We are very confident in the foresight and growth that RedDoorz has spotted, most notably the potential to disrupt the budget segment in the hospitality industry in Southeast Asia. This is most promising as they continue their impressive growth in the Southeast Asia region," said John Wu, Founding Partner and Group Chairman, FengHe Group.Geoff Lee, Partner, Hendale Capital commented, "We are delighted to partner with RedDoorz to provide capital to support its already impressive growth trajectory. We believe that the Southeast Asia consumer empowerment trend is very compelling and that RedDoorz' has a tremendous opportunity to aggregate hotel inventory across the region using proprietary technology and business model innovation. Amit Saberwal and his team are leaders in this category and we look forward to working with them to execute RedDoorz' strategy."Anurag Srivastava, Managing Partner at Jungle Ventures shared, "We have been believers in the opportunities that the RedDoorz has sought out for and always given our full support of the team led by Amit from our first investment round. We will continue to remain excited as the brand grows through their successful execution and journey to becoming the market leader in providing standardised high-quality accommodation for middle-class travellers across Southeast Asia."RedDoorz has recently launched their first fully-leased and operated hotel property in Singapore. The 65-room property, now called RedDoorz near Marine Parade, is aligned with RedDoorz's long-term strategy to grow deeper in the hospitality value chain. With this new initiative, RedDoorz will have full reign over the day-to-day operations of establishments, who subscribe to this model, and intends to improve the consumer experience and have a better repeat rate."We have so far been growing the franchise and marketer model in all markets. With the infusion of these funds, we will now tap into the fully leased out and operated model. With the right team, right set of investors and the right market opportunity, we are certain that we will be able to grow exponentially in this region and drive up our existing 65% customer repeat rate. We plan to have onboard 100 such fully leased properties and 1,000 franchise properties in this region in the next 18 months," Amit Saberwal further added.The first RedDoorz leased property is a colonial shophouse - neatly tucked along East Coast Road in Singapore and a stone's throw away from the popular East Coast Park. The 65-room hotel displays styles and interiors resembling a Peranakan ambience paying tribute to the area's rich heritage embedded with Peranakan history during Singapore's colonial period. Famous local eateries, old and new, surround the hotel - with many bustling bars livening the Katong stretch in the night. Guests can also easily access to nearby shopping areas including Parkway Parade and I12 Katong - with convenient bus services taking them to the heart of Singapore's iconic shopping street, Orchard Road.With a strong international team on-the-ground coming with diverse backgrounds and deep knowledge of the local travel and hospitality sector, RedDoorz runs a full operations unit ranging from customer service, operations and product sales to branding, finance and marketing. RedDoorz has developed its own proprietary technology using data analytics to accurately forecasts demand on areas that could have more hotels or properties to drive more footfall for travellers.

Smart buildings: Predictive maintenance is crucial

National Association of Hotel & Lodging Engineers (NAHLE)· 5 March 2018
A talk with Italian expert Antonio Disi about building maintenance, smart technologies and "energy illiterate" citizens Maintenance represents the bulk of the costs occurring in a building's life. How can the advent of smart technologies lessen this financial burden? And are citizens ready to deal with the innovations? These are some of the questions we asked Antonio Disi, expert in energy efficiency, researcher at ENEA, the Italian National Agency for New Technologies, Energy and Sustainable Economic Development. He is responsible for public campaigns to raise awareness on energy saving such as the "No lift days" and has recently published "Storie di ordinaria energia" (in Italian "Stories of ordinary energy"), ten humorous tales about ordinary people and their stormy relationship with energy and technologies.

AccorHotels Initiates Sale of Majority Stake in AccorInvest

AccorHotels · 2 March 2018
AccorHotels announces that it has signed agreements with a group of international investors with a view to sell a majority of the capital of AccorInvest.Under the terms of the agreements, AccorHotels would initially sell 55% of AccorInvest to Sovereign Funds, namely the Public Investment Fund (PIF) and GIC, Institutional Investors, namely Credit Agricole Assurances, Colony NorthStar and Amundi, and other investors. For AccorHotels, the sale would result in a cash contribution of EUR4.4 billion.Sebastien Bazin, Chairman and Chief Executive Officer of AccorHotels, said: "These agreements represent a key milestone for the Group. Following the separation of AccorInvest into a stand-alone legal entity last summer, we are now gathering a round-table of leading investors, on the basis of a valuation that fully reflects its global leadership and the quality of its assets, while building a long-term relationship between AccorHotels and AccorInvest. These elements were essential to make this operation a success for all stakeholders: teams, partners, as well as present and future shareholders of both entities. The entry of new shareholders and the deconsolidation of AccorInvest will provide AccorHotels with substantial leeway to enhance our dynamic growth and innovation strategy and create value for shareholders. For its part, AccorInvest will take advantage of its new powerful shareholders' support, as well as a strengthened financial structure to execute its roadmap and continue to reinforce its portfolio of assets."The AccorInvest hotels would be operated by AccorHotels under long-term contracts, namely 50 years (including a 15-year renewal option) for luxury and upscale hotels and 30 years on average (including a 10-year renewal option) for hotels in the midscale and economy segments. The management contract terms that have been negotiated between the parties are in line with market practices.With close to 30,000 employees and operations in 27 countries, AccorInvest is the world leader in hotel real estate, with a current portfolio of 891 hotels. The majority of these hotels are located in Europe, in the economy and midscale segments. Of the total, 324 are owned and 567 are operated under fixed or variable-rent leases.Under the terms of the agreements, the investors made binding undertakings to carry out the transaction and AccorHotels granted them an exclusivity, pending works council consultation. The transaction is also subject to certain antitrust and regulatory approvals. It will be submitted to a shareholders' meeting of AccorHotels for consultation. It is expected to be finalized in the second quarter of 2018. AccorInvest would then be accounted for using the equity method in AccorHotels' consolidated financial statements.A presentation will be available on the Group's website:http://www.accorhotels.group/en/investors

Highest number of CEOs attend IHIF 2018

Questex ·28 February 2018
Tess Pearson, Event Director for IHIF said on behalf of Questex; "there is simply no other event that attracts this executive level of leadership from across the hotel industry. It is a mark of true global collaboration and we're delighted to be able to host an event where the hotel industry, at its most senior level, gain value in attending."CEOs are attending from AccorHotels, AccorInvest, Algonquin Management Partners, Amaris Hospitality, Apple Leisure Group, Aprirose, Ascendas Hospitality, AVW GLOBAL, Barcelo Hotel Group, Borealis Hotel Group, Bridge Group GmbH, BridgeStreet Global Hospitality, CDL Hospitality Trusts, Centriq Hotel Management, Choice Hotels International, CORINTHIA HOTELS, Deutsche Hospitality, DHotels Srl, Dorint GmbH, Dream Hotel Group, Dur Hospitality Company, Eden Hotels, Elegant Group Portugal, Emaar Hospitality LLC, Ennismore, EURAGONE, EVENT Hotels, Fauchon Hospitality, FBD Hotels & Resorts, FMTG-Falkensteiner Michaeler Tourism Group AG, Frasers Hospitality, GATROOMS, GE Hospitality, GIHSA, Gleneagle Hotel Group, GLH Hotels Management, Grace Hotels, Grape Hospitality Group, H.n.h. Hotels & Resorts S.p.A., Hilton, IHG, Ingrid Hotels Spa, Interstate Hotels and Resorts, Kerten Hospitality, LHM srl, Ligula Hospitality Group, LodgeWorks Partners Corporation, Louvre Hotels Group, Lungarno Collection, M&L Hospitality, Magnuson Worldwide, MEININGER Hotels, Movenpick Hotels & Resorts, Nelson Group, NH Hotel Group SA, Nira Hotels & Resorts, Nordic Property Management, Novum Hospitality, Pandox AB, Paris Inn Group, PPHE Hotel Group, PREM Group, Radisson Hospitality AB, RIMC Schweiz Hotels & Resorts AG, Rixos Hospitality, Room Mate Group, Ruby Hotels & Resorts GmbH, SACO, Sani / Ikos Group, Scandic Hotels, Standard International, Staycity Aparthotels, stays design Hotel GmbH, The Indian Hotels Company Ltd., The Know Group, Vienna House, Village Hotel Club, Welcome Hotels, Windward Hotels, Wyndham Hotel Group, Yays, Yotel Ltd, Zleep Hotels A/S.IHIF 2018 takes place 5-7th March 2018 at the InterContinental Hotel in Berlin. Registration is still open via the website.Continue to follow IHIF on Twitter @IHIF_News and use #IHIF2018 to stay up to date with the latest news from the leading annual meeting place for the industry. Also find us on Facebook, Instagram and join our LinkedIn group for industry insight and discussion.

House Votes to Alter ADA

National Association of Hotel & Lodging Engineers (NAHLE)·27 February 2018
The Americans with Disabilities Act (ADA) is in the cross-hairs. The ADA, which became law in 1990, is a civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life. ADA’s Title III prohibits private places of public accommodation — including privately-owned, leased or operated facilities like hotels, restaurants, retail merchants, doctor’s offices, golf courses, private schools, day care centers, health clubs, sports stadiums, movie theaters — from discriminating against individuals with disabilities. This title sets the minimum standards for accessibility for alterations and new construction of facilities. It also requires public accommodations to remove barriers in existing buildings where it is easy to do so without much difficulty or expense.

ESA's Three Wall Capital deal kicks off asset strategy

hotelnewsnow.com Featured Articles·27 February 2018
In closing a deal that has been in the works for 11 months, Extended Stay America has finalized the first big step in its asset-light strategy and franchising plan, which company officials first announced almost two years ago. Extended Stay America has completed a deal to sell 25 hotels for gross proceeds of $114 million to an affiliate of Three Wall Capital, according to an ESA news release announcing the transaction and the company’s fourth-quarter and full-year earnings statement. The properties in the deal span four states—Ohio, Kentucky, Indiana and Texas. ESA will continue to manage all 25 hotels over a 20-year contract. Three Wall Capital also has signed an agreement to build an additional 15 ESA properties over a seven-year period. Jim Alderman, EVP and chief asset merchant at Extended Stay America, said the deal with Three Wall Capital invigorates the strategy ESA unveiled at its Investor Day in June 2016. He added the company is still projecting to “sell as many as 150 properties” over a five-year period.

Attention Sales Shoppers, Hyatt is Planning a Large-Scale Asset Sale for 2018

TOPHOTELPROJECTS ·27 February 2018
Officials with the Hyatt Hotels Corporation have said there is a planned sale of a three-property portfolio, which will get the company to more than two-thirds of its goal of selling $1.5 billion in assets by 2020.This is all part of the company's established capital recycling plan, and the three properties in question are the Andaz Maui at Wailea, the Grand Hyatt San Francisco, and the Hyatt Regency Coconut Point Resort and Spa. This is all in addition to the already completed sale of the Hyatt Regency Scottsdale Resort & Spa and the Royal Palms Resort and Spa for $305 million. Estimates place the value of the Andaz Maui and the Grand Hyatt San Francisco at a level that would get the company to roughly $1 billion of its stated $1.5 billion goal by 2020.Hyatt company officials have said they are engaged with two separate brokers on potential asset sales at the moment, and that they have been largely pleased with the first rounds of bids for the available portfolio.CLICK HERE TO DOWNLOAD HYATT BRAND REPORTU.S. Tax Law Could Help the SalesCompany officials for Hyatt Hotels Corporation have also said that the recent changes to the tax laws in the United States will benefit the asset sales overall. The company, however, must endure a short-term hit from the repatriation of some capital from overseas.The money raised via the asset sales, however, stands to be put to use for a combination of other acquisition investment in Hyatt's overall business, as well as for returning capital to shareholders.Is a Second Round of Asset Sales Forthcoming?A natural question amid all of this is whether the Hyatt Hotels Corporation is eventually planning to start a second round of asset sales once it has reached its first goal of the $1.5 billion in sales.In interviews, Hyatt CFO Patrick Grismer has previously said that at the moment it is too early to tell."We're not planning to do that at this state, and I think it would be premature to give guidance to that effect," Grismer has said. "When we committed to this, we did so on the basis that this would be meaningful but preserve balance sheet capacity in a way that grows our business. We also felt that in an environment that can be so uncertain, that we should commit to something we had absolute confidence we could do."Let's take a look at a few other projects currently underway by Hyatt Hotels Corporation:Hyatt Regency Oregon Convention CenterThe Hyatt Regency branded hotel will include 600 guest rooms and 32,000 sq ft of ballroom and meeting room space [READ MORE...]Andaz Am Belvedere ViennaThe Andaz Am Belvedere Vienna will be located next to the Belvedere Palace and opposite Vienna's Schweizergarten [READ MORE...]Grand Hyatt Hotel BogotaLocated along Calle 26, the hotel will be a short distance from Simon Bolivar Park, National University, the La Gran Estacion luxury retail mall, and numerous companies and government ministries [READ MORE...]More information on hotel projects by Hyatt Hotel Corporation can be found on TOPHOTELPROJECTS, the specialized service provider of cutting-edge information of the hospitality industry.

Hyatt Announces $1.0 Billion Sale of Three-Property Portfolio; Increases Guidance for Return of Shareholder Capital

Hyatt ·23 February 2018
CHICAGO -- Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt has reached a definitive agreement with Host Hotels & Resorts (NYSE: HST) for the sale of the 301-room Andaz Maui at Wailea Resort, the 668-room Grand Hyatt San Francisco, and the 454-room Hyatt Regency Coconut Point Resort and Spa for approximately $1.0 billion. The sale reflects a blended EBITDA multiple of approximately 16x based on Hyatt's 2018 pro-forma estimates. Hyatt will continue to manage the three hotels under long-term management agreements. The transaction is expected to close near the end of March 2018.Mark S. Hoplamazian, president and chief executive officer of Hyatt Hotels Corporation, said, "This agreement demonstrates the value of our owned and leased hotels and strengthens our longstanding and valued business relationship with Host. The completion of this transaction not only allows Hyatt to maintain our brand presence in these key markets with great brand representation, but also supports the execution of our recently announced initiative to reduce real-estate ownership as part of our broader capital strategy to unlock shareholder value."Two of the three hotels, Andaz Maui and Grand Hyatt San Francisco, reflect a combined attributed sale value of approximately $800 million and form part of Hyatt's ongoing $1.5 billion permanent sell-down program. On a blended basis, the sale of these two properties reflects an EBITDA multiple of approximately 18x based on 2018 pro-forma estimates. The sale of Hyatt Regency Coconut Point for an attributed value of approximately $200 million, at an EBITDA multiple of approximately 12x based on 2018 pro-forma estimates, completes Hyatt's 2017 commitment to be a "net seller" of assets under its ongoing asset recycling program.Assuming closing in late March, Hyatt anticipates a net reduction in consolidated Adjusted EBITDA of approximately $40 million for the three properties combined over the remainder of 2018.With the completion of this transaction, Hyatt is increasing its 2018 guidance for return of capital to shareholders to a minimum of $500 million from the previous guidance of at least $300 million. Hyatt intends to provide a full update to the 2018 outlook including the impact of these transactions and the new revenue recognition accounting standard with its first-quarter earnings release in May.The term "Hyatt" is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one more of its affiliates.

Mantra Group reports record first half revenue for 2017

hotelmanagement.com.au·20 February 2018
Australian hotel and resort owner Mantra Group has reported record first half revenue of $366.2m for period ending 31 December 2017, an increase of $10.1m. Additionally, for the first time, the Group sold 1.97m rooms in the first half of the financial year – the highest ever for that period – while increasing available rooms by 2.6% in the six month period by acquiring ten new properties, including seven from the acquisition of the Art Series Hotel Group. New acquisitions included Mantra Sydney Airport Hotel, Sydney; Mantra Macarthur, Canberra; FV by Peppers, Brisbane; and Art Series Hotel Group properties in Adelaide, Brisbane, and Melbourne.

Hotels more affordable than Airbnb in certain European cities

TOPHOTELPROJECTS · 9 February 2018
3-star hotels beat Airbnb in Eastern EuropeAirbnb is often the top choice for travelers on a budget, many of whom would not even think to stay in a hotel. But these travelers are missing a trick, as these days, Airbnbs are getting more elaborate and tourism in key destinations is driving up the prices of sharing accommodation. So travelers on a shoestring would be wise to compare prices of Airbnbs with 3-star hotels in some places around the continent. In Eastern Europe for example, there are numerous cities where it is cheaper to stay in a hotel than it is to stay in an Airbnb. Countries such as Estonia, Armenia and Lithuania all fare better price-wise in the 3-star market than Airbnbs, with a typical Airbnb in Yerevan, Armenia costing around $57 a night, while a 3-star hotel room coming in at an average of $53 per night. A similar case can be seen in Tallinn, Estonia, where a room in a 3-star hotel costs $3 less on average than an Airbnb.DOWNLOAD FREE EUROPE CONSTRUCTION REPORTHotels win in 8 out of 48 European capitalsA study conducted by online site VoucherCloud analysed 48 European capitals to find out which was more economically viable for travelers, Airbnb or 3-star hotels. Out of the 48 capitals surveyed, it was found that in eight of them, it was cheaper on average to stay in a 3-star hotel than an Airbnb. Surprising findings were discovered particularly in Andorra, where it was half the price of an Airbnb to stay in a 3-star hotel. Not only that, but to stay in a 5-star hotel or resort often worked out costing less than a stay in an Airbnb listing. As well as Andorra, Tallinn in Estonia and Yerevan in Armenia, hotels were also cheaper in Baku, Azerbaijan, in Vilnius, Lithuania, in Kiev, Ukraine and in Riga, Latvia. Perhaps these destinations are not as in demand as Madrid or London, but now it also provides a good excuse for people to start exploring Eastern Europe and Middle Asia if the accommodation is so affordable. By offering prices that are competitive with Airbnb's, hotels can claw back some of the market share than has been lost to the platform and encourage more tourism to their destinations.Let's take a look at a few projects currently underway in Europe:One&Only Portonovi , MontenegroThe luxury resort will be an essential part of Portonovi - a new 60 acre luxury lifestyle development ...[READ MORE]Marriott Palanga spa Hotel and Apartments There are planned SPA rooms, SPA apartments and 185 underground parking spaces. ...[READ MORE]Becici Beach Hotel ResortMontenegroThe project includes a five star hotel, apartments, dining and leisure destinations ... [READ MORE]More information on European hotel projects can be found on TOPHOTELPROJECTS, the specialized service provider of cutting-edge information of the hospitality industry.

Russia to improve legal regulation of hotel services and classification of travel industry facilities

4hoteliers.com· 8 February 2018
The President signed the Federal Law On Amending the Federal Law On the Basic Principles of Tourism Business in the Russian Federation and the Russian Federation Code of Administrative Offences to Improve the Legal Regulation of Hotel Services and the Classification of Travel Industry Facilities. The Federal Law will introduce mandatory hotel classification, which is currently voluntary (unless otherwise stipulated by federal laws), and will update requirements for the classification of hotels, ski runs and beaches. The classification procedure will include the issuance of three-year category certificates to hotels, ski runs and beaches. A federal executive agency authorised to keep a register of the rated hotels, ski runs and beaches will publish information from this register on its official website.

Barings finalizes sale of seven-hotel portfolio in U.S.

Hotel Management· 6 February 2018
Asset manager Barings, a MassMutual subsidiary, completed the sale of a $650-million portfolio of seven hotels in the U.S. to a Hong Kong-based investment manager on behalf of an international financial services company. Barings searched for new investors in the hotels, and directly arranged the sale without a broker while it secured private financing for the portfolio with three separate lenders. The new owner plans to keep Barings on as asset manager of the hotel portfolio on a long-term basis. The current hotel management companies and personnel will also continue operating the hotels as part of the transaction.

Ritz Carlton Riyadh to re-open after Saudi detainment scandal

TOPHOTELPROJECTS · 6 February 2018
The Ritz Carlton Riyadh made headlines last year for becoming something of a luxury detention facility after it was suddenly closed to house a number of high-ranking Saudi politicians, royals and officials back in November. Now, it looks set to reopen shortly.Ritz Carlton and Saudi royalsAs TOPHOTELNEWS reported last November, a number of high-profile Saudi Arabian princes and government officials were being temporarily housed in the Saudi capital's 5-star luxury resort, the Ritz Carlton in Riyadh. These figureheads were being detained following an order by King Salman bin Abdul Aziz and carried out by his son Crown Prince Mohammed bin Salman, and were brought to the hotel at night, as guests were suddenly instructed to leave their suites, take their belongings with them and board buses to other hotels in the city. It was reported that over the course of a few days over 200 Saudi elites, along with members of the royal family and high-ranking officials and businessmen were taken to the hotel and held there without much explanation. Some of the officials were gradually released over the following months, with payments being demanded by the Saudi authorities to secure the release of the person in question. Some reports by the Middle East Monitor suggest that certain figures were made to pay up to 70% of their total wealth in order to be released from what many were calling a "gilded prison".Ritz Carlton under Saudi controlWhile it has been reported that the hotel will once again be open to the public soon, it is unclear as to how and when this will happen. According to some sources, up to 60 officials are still being kept in the hotel, some of whom have reportedly rejected certain offers of money to pay for their freedom. The BBC reported that 95% of people held captive were willing to make a deal to secure their release, but others have obviously been unwilling to strike a bargain and remain in the hotel. Others are said to be being transferred from the Ritz Carlton Riyadh to a local prison. At the initial time of the detention of these figures, the phone lines to the hotel were not operational, and their booking system had been closed. A message on the site states that the phones are still down, and will remain so until further notice. It is still not possible to book a room at the hotel, but apparently, after February 14th, travelers will once again be able to reserve a room in the hotel. A spokeswoman for the hotel said, "The hotel is operating under the directive of local authorities and not as a traditional hotel for the time being." It is possible that the hotel could continue to be on lockdown past the February 14th date.Let's take a look at a few other projects currently underway in Saudi Arabia:Dammam Marriott Hotel and Apartments The Marriott hotel will have two restaurants, a spacious, flexible lobby and lounge, an outdoor swimming pool, two health and leisure clubs ...[READ MORE]Hilton Riyadh Hotel & ResidencesThe new-build Hilton Riyadh Hotel & Residence in the Kingdom of Saudi Arabia will feature two towers; a 20-storey and a 14-storey tower ...[READ MORE]One&Only Resort JeddahThis resort will combine a health spa and world-class dining with expansive meeting facilities to create a 95,000m business and leisure epicentre in Obhur ...[READ MORE]More information on Saudi Arabian hotel projects can be found on TOPHOTELPROJECTS, the specialized service provider of cutting-edge information of the hospitality industry.

Data shows relocation of NFL teams hits hotel markets

hotelnewsnow.com Featured Articles· 2 February 2018
As another NFL season draws to an end, the analysis of the season begins. Over the last few years, two NFL teams—The St. Louis Rams and the San Diego Chargers—have left their cities and moved to Los Angeles, while a third team—the Oakland Raiders—is set to move to Las Vegas within the next few seasons. For the cities involved, one looming question is: What is the impact, if any, on the hotel industry in the cities that lose an NFL team and the cities that gain one? This analysis examines performance changes in the hotel markets affected by the Chargers’ and Rams’ moves. To analyze the impact on cities that lost NFL teams, STR—parent company of Hotel News Now—looked at hotel performance for the last season played in that city, and the year after the team departed. First, we pulled hotel data on days in which home games were played in the city, as well as data for the days before a home game. Then, we pulled data for those same days during the following year, when there were no games.

Important News for Hospitality Executives: How the new Tax Act could affect your estate plan

JMBM ·30 January 2018
If you are a hotel executive or other highly compensated individual in the hospitality industry, you need to be aware of how the new Tax Act (H.R. 1 - Tax Cuts and Jobs Act) might affect your estate plan. In some cases, the impact will be significant. In the brief article below, JMBM's tax attorneys recommend that you review your existing estate plan to ensure that the Tax Act does not alter your plan's original intentions. They also point to substantial new planning opportunities provided by the Tax Act, and you will want to be advised of those, as well. What better way to start the new year than by making sure your assets, and your family's future, are protected?How the New Tax Act Could Affect Your Estate PlanPresident Trump signed into law H.R. 1, which has a major impact on estate planning. The new law doubled the federal exemption for estate tax, gift tax and the tax on generation-skipping transfers (GST), starting January 1, 2018; the lifetime exemption for each of these taxes is now $11.2 million per taxpayer. Married couples together have a total of $22.4 million of lifetime exemption. The exemptions are reduced by lifetime transfers prior to 2018 and are indexed for future inflation. The annual gift tax exclusion amount also increased to $15,000 per donee per year.The increased gift, estate and GST tax exemptions are not permanent. This part of the Tax Act is scheduled to expire in 2026 and return to the prior exemption amounts ($5.6 million plus inflation after 2018). Changes in control of Congress and the Presidency could also terminate the increased exemptions. While it may make sense for some clients to take advantage of the increased exemptions to engage in additional estate planning, there is also a potential risk that the new exemptions will unintentionally alter existing estate plans, requiring important immediate changes.As the increased exemptions may significantly skew a client's existing estate plan, it is important for all clients to review their estate planning documents to make sure they continue to reflect their intentions. Many estate plans for married couples use a formula to divide assets at the first death between a "marital" portion passing to or held in a trust for the surviving spouse and a "bypass" portion intended to bypass the estate of the surviving spouse. The bypass portion may be allocated to a trust for the surviving spouse and/or descendants. It may also be allocated directly to descendants, skipping the surviving spouse entirely, or may provide fewer benefits to the surviving spouse than the marital trust. Similarly, at the second death, the estate plan may have a formula dividing assets, based on the GST exemption, between children and grandchildren.Depending on the exact language of the document, these divisions may be very different now because of the larger exemptions. For some clients, the new division will be acceptable. For others, it will be important to update the language of their estate planning documents to avoid a sharp reduction in what the surviving spouse receives and what the children and grandchildren receive.Clients may also want to take advantage of the opportunity to pass larger portions of their wealth to younger family members at minimal tax cost, through lifetime gifts and other traditional wealth transfer techniques.The estate, gift and GST provisions of the new Tax Act present substantial new planning opportunities. They also have a potentially significant impact on existing estate plans. Clients need to review their existing documents to determine this impact. We are ready to help you with all aspects of this analysis and to advise you on the various available alternatives.

HFTP Launches Certification Advisory Program (CAP) to Benefit CHAE and CHTP Applicants

HFTP ·26 January 2018
International association Hospitality Financial and Technology Professionals (HFTP) recently introduced its new Certification Advisory Program (CAP), which is designed to provide guidance to Certified Hospitality Accountant Executive (CHAE) and Certified Hospitality Technology Professional (CHTP) applicants.The inaugural program will pair HFTP certification candidates with HFTP members who hold an active HFTP designation. The advisors will help and support candidates via one-to-one interactions as a supplemental review option for the certification exams. Approved CAP advisors can earn HFTP education credits to help them meet their designation maintenance requirements."HFTP certification demonstrates superior performance - in both technology and accounting - to the industry," said HFTP CEO Frank Wolfe. "The CAP program is a great opportunity for certification designees and applicants to elevate their professionalism and leadership development. Having the guidance, encouragement and support of a trusted mentor will help mentees reach new career goals."HFTP offers the only designations for finance and technology professionals who are working in the hospitality industry. Both the CHAE and CHTP designations require professionals to sit for an initial competency exam, and complete continuing education credits for each renewal cycle. Qualification for the exams is based on level of education and experience in the industry; student programs are also available.If you are interested in being considered for a CAP advisor, please submit a CAP application today. For more information about the Certification Advisory Program or HFTP certifications, email HFTP Certification Manager Robin Bogdon at robin.bogdon@hftp.org or visit www.hftp.org. For immediate information, visit the FAQ pages for both CHTP and CHAE certifications.About HFTP Hospitality Financial and Technology Professionals (HFTP) established in 1952, is an international, nonprofit association, headquartered in Austin, Texas USA, with offices in Hong Kong, United Kingdom, The Netherlands and Dubai. HFTP is recognized as the spokes group for the finance and technology segments of the hospitality industry with members and stakeholders spanning across the globe. HFTP uniquely understands the industry's pressing issues and assists its stakeholders in finding solutions to their challenges more efficiently than any organization. It does this via its expert networks, research, certification programs, information resources and conferences/events such as HITEC. HFTP also owns the world's only hospitality-specific search engine, PineappleSearch.com. For more information about HFTP, email membership@hftp.org or download the HFTP/HITEC media kit. Follow HFTP/HITEC on HFTP Connect, Facebook (@HFTPGlobal; @HITECconference), LinkedIn, Twitter (@HFTP), Instagram (@HFTP_HITEC), Flickr and YouTube for the latest news. Stay tuned to HFTP's industry-specific, informational news sites: HFTP News, HITEC Bytes, HFTP Club Bytes and HFTP Finance Bytes.

Adria Hotel Forum Programme

Adria Hotel Forum ·25 January 2018
The sixth edition of the Adria Hotel Forum will be held on February 14th and 15th 2018. in Sheraton hotel in Zagreb on the following theme: OUR OWN RESPONSIBILITY.In business environment, the Forum is defined as the only regional conference that global hotel professionals monitor. For this reason, the next AHF edition is related to the geopolitical situation in Europe and the main questions: Are we managing growth or is it "happening" to us? And are we competitive?Day 1: Wednesday 14th February 201809.00 Official opening of Adria Hotel Forum 201809.30 Economic outlook09.45 Mediterranean and European outlook in 5 years time10.15 Croatia investment possibilities10.27 Montenegro investment possibilities10.35 Hotel Investment Attractiveness Index for the region and look into investors' strategiesThe full programme you can check here.Until now AHF has gathered more than 1500 attendees, 200 panelists, 90 round-table discussion sand presentations, and more than 140 partners.

The Saudi Arabia Hotel Investment Conference launches as the Kingdom is poised for massive growth in the hospitality sector

MEED ·22 January 2018
Dubai, UAE -- Under the theme of 'Focus on the Future', the Saudi Arabia Hotel Investment Conference (SHIC) will present industry insights into how to capitalize on the multitude of hospitality investment opportunities arising in the Kingdom.Organised by Saudi Event Management and Marketing (SEMARK), co-organised by Bench Events and MEED and hosted by strategic partner DUR Hospitality at the Riyadh Marriott Hotel on 26 February 2018, SHIC will bring together around 300 hotel investors, owners, developers and operators to help further the growth of the hospitality industry in the Kingdom.The inaugural event will be headlined by His Royal Highness Prince Sultan bin Salman bin Abdulaziz Al Saud, President, Saudi Commission for Tourism & National Heritage and Her Royal Highness Princess Basmah bint Saud bin Abdulaziz Al Saud, Chairwoman, Global United Centre for Research and Analysis, who will deliver an address on 'The Future of Saudi Tourism - Transitioning to Tomorrow', sharing insights into Vision 2030 and opportunities for hospitality investment and development in line with the government's vision.Jonathan Worsley, Chairman of Bench Events and Co-Founder of SHIC, said: "We are delighted to have the support of His Royal Highness Prince Sultan bin Salman bin Abdulaziz Al Saud and Her Royal Highness Princess Basmah bint Saud bin Abdulaziz Al Saud for the inaugural edition of SHIC."He added: "Having organized the Arabian Hotel Investment Conference (AHIC) for the past 14 years, we have witnessed phenomenal interest from our delegates into hospitality investment opportunities in the Kingdom. Now, as the country's drive for a more diversified economy highlights new tourism and hospitality infrastructure, we believe it is the ideal time to connect investors and operators at SHIC, with an event dedicated to discussing and debating the issues most impacting the hotel industry's growth in Saudi Arabia."Programme highlights include Gerald Lawless, Chairman, World Travel & Tourism Council, presenting 'Destination Development' as well as Jaan Albrecht, Chief Executive Officer, Saudia together with Abdellah Essonni, Chief Hospitality Officer, MAAD International and Yasser Faisal Al Sharif, Chief Executive Officer, Jabal Omar Development Company discussing 'Transformational Development in the Holy Cities'.Worsley concluded, "The SHIC programme will also feature data from STR whose latest Pipeline Report reveals that Saudi Arabia currently has 40,020 rooms across 89 projects in the construction pipeline. Accordingly, Saudi Arabia has the largest number of hotel rooms under construction in the MENA region at present, making the Kingdom the region's most active hotspot for investors and operators alike."The total value of hospitality investment projects in Saudi Arabia stands at US$1.9bn according to a forecast by MEED Projects. Dr Badr Al Badr, CEO of Dur Hospitality and strategic partner of SHIC, believes that the Saudi economy will witness a positive shift in the coming years when the government executes the recently announced initiatives bolstering confidence in tourism investments."The Public Private Partnerships drive in Saudi Arabia is presenting new opportunities to attract investment into hospitality," said Al Badr."Following the announcement of the KSA Vision 2030, a more attractive investment environment is opening the doors for private investors into new areas of the Saudi Arabian economy. This creates significant opportunities for hotel investors," Al Badr continued.He added: "A large percentage of Saudi Arabia's hotel pipeline focuses on the Holy Cities as economists are anticipating 30 million religious tourists by 2025. But hotel development will also be prompted by non-religious destinations, cultural cities and archaeological sites."According to the Saudi Council of Economic and Development Affairs, tourism's contribution to the GDP will go from a current 3.5% to over 10% by 2030.Access to the Saudi Arabia Hotel Investment Conference is available in conjunction with the AHIC VIP Package which includes other high-end experiences and access to exclusive content at AHIC 2018. To register your interest for this high-level invitation-only event, please visit www.arabianconference.com/shicAbout SHIC 2018SHIC is a one-day knowledge and networking event for hotel investment industry leaders and influential figures from government, technology, construction and design to discuss and share hospitality investment opportunities in Saudi Arabia. Organised by Saudi Event Management and Marketing (SEMARK), and co-organised by the team behind AHIC, SHIC's mission is to connect hotel investors owners, developers and operators to help further the growth of the hospitality industry in the Kingdom. The inaugural edition of SHIC will be hosted by strategic partner DUR Hospitality on 26 February 2018 at the Marriott Convention Center at the Riyadh Marriott Hotel.About AHIC 2018AHIC, now in its 14th year, is the annual gathering for the Middle East's hospitality investment community organised by global hotel investment event organiser Bench Events in partnership with MEED Events. AHIC creates a knowledge and networking platform for global and regional investors of all backgrounds, offering essential insights to investing in hotels, showcasing regional and international hospitality investment opportunities and facilitating direct connections with hospitality industry stakeholders. AHIC 2018 will be held in a purpose-built AHIC Village on the beach of the Waldorf Astoria Ras Al Khaimah, UAE, from 17 April to 19 April 2018 in partnership with Ras Al Khaimah Tourism Development Authority (RAKTDA). Held under the patronage of His Highness Sheikh Saud Bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, AHIC 2018 will be co-hosted by its founding patron, His Highness Sheikh Ahmed bin Saeed al Maktoum, Chairman of Dubai Airports, President of Dubai Civil Aviation Authority and Chairman and CEO of Emirates Airline and Group, whose continued support of the industry and AHIC has been critical to the region's tourism growth.AHIC 2018 SponsorsAHIC 2018 is hosted by Ras Al Khaimah Tourism Development Authority. Sponsors include: Al Marjan Island, Bahrain Economic Development Board (EDB), Hilton and The Rezidor Hotel Group as Platinum Sponsors; Dur Hospitality, Emaar Hospitality Group, (IHG) InterContinental Hotels Group, IWG (Insignia Worldwide Group) and Wyndham Hotel Group as Emerald Sponsors; and Action Hotels, Colliers International, Louvre Hotels Group, Melia Hotels International, STR and Time Hotels as Gold Sponsors.About Bench EventsGlobal event organiser Bench Events has a long track record of delivering multiple premium hotel investment conferences and forums across Europe, the Middle East, Africa, Asia and Latin America. Market leading annual conferences include the Arabian Hotel Investment Conference (AHIC) in Dubai, now in its 14th year, the Africa Hotel Investment Forum (AHIF) the new Asia Hotel and Tourism Investment Conference (AHTIC), The Summit in London and the Latin American Hotel & Tourism Investment Conferences (SAHIC). Bench Events' extensive portfolio also includes the Global Restaurant Investment Forum (GRIF) in Dubai and AviaDev, designed to promote the future air connectivity in Africa. Bench Events' mission is enabling prosperity by facilitating growth, networking, and thought leadership in the hospitality industry worldwide. www.benchevents.comAbout MEEDMEED is a remarkable senior management media brand, that encompasses subscription to the MEED Business Review publication and website, www.meed.com, as well as organising the MEED Quality Awards for Projects, AHIC and Innovation Live! MEED also works with clients on bespoke content, events, broadcast and digital offerings. MEED also has two high-value content businesses, MEED Projects and MEED Insight. MEED Projects is the Middle East's premium project tracking database and MEED Insight offers tailored research and in-depth analysis. Established in 1957, MEED, has been integral to delivering business information and news, intelligence and analysis on the Middle East economies and activities ever since. www.meed.comAbout Dur HospitalityDur Hospitality is a publicly listed Saudi hospitality company established in 1976, that owns, develops, and manages a broad range of hospitality and residential properties across the Kingdom of Saudi Arabia. Its 2.37 billion Riyals diversified portfolio encompasses more than 20 properties, in addition 21 projects under development. In 1983, Dur hospitality launched its first Saudi Hotel brand, "Makarem Hotels", the award winning local brand specialized in delivering Saudi authentic hospitality services as per the international standards, in the Holy cities of Makkah and Madina. Additionally, Dur operates hotels across Saudi Arabia through its franchise agreements with IHG and Marriott International.In the real estate sector, Dur designs, develops and manages residential communities, employing its extended background in hospitality to offer integrated facility management services under its own Brand "Dur Communities". www.dur.sa/ar

HFTP Launches New GDPR Bytes Site, an Addition to its Online News Portfolio

HFTP ·19 January 2018
Hospitality Financial and Technology Professionals (HFTP), an international nonprofit hospitality association, announced today the launch of its new GDPR Bytes website. Powered by Hsyndicate, an electronic media-hub based in The Netherlands, GDPR Bytes is an aggregated content destination where users will find the latest news all in one place. The cross-platform site serves as a daily news outlet that brings together specific publications, reports, feature articles, white papers and more.As hospitality companies conducting business in Europe prepare to make operational changes to conform with the EU General Data Protection Regulation (GDPR), HFTP and its HDPO Task Force, consisting of 23 industry experts from around the globe, have been working to increase GDPR awareness as well as develop educational resources to benefit the industry at large. In addition to GDPR Bytes, HFTP has released an extensive range of available GDPR tools including, but not limited to: publications; compliance tools; webinars; blogs; podcasts; more."In order to comply with GDPR, EU-based organizations - as well as any organization handling personal information from EU citizens - should guarantee that proper policies and procedures are being followed," said Frank Wolfe, CEO at HFTP. "GDPR tools and resources, created by HFTP and the HFTP HDPO Task Force, are immediately available to help organizations successfully navigate how to implement the necessary changes, and reduce the risk of non-compliance."GDPR Bytes allows companies to publish their content to the site; registered users receive the additional benefit of having their content published to both GDPR Bytes as well as PineappleSearch.com, the world's only hospitality-specific search engine. For those interested in publishing content or advertising on GDPR Bytes, please contact HFTP Chief Marketing Officer Jennifer Lee, CAE at jennifer.lee@hftp.org or +1 (512) 220-4023.For more information, visit www.hftp.org and https://gdpr.hftp.org. View HFTP's other information-specific news sites: HFTP News; HITEC Bytes; HFTP Club Bytes; HFTP Finance Bytes.About HFTP Hospitality Financial and Technology Professionals (HFTP) established in 1952, is an international, nonprofit association, headquartered in Austin, Texas USA, with offices in Hong Kong, United Kingdom, The Netherlands and Dubai. HFTP is recognized as the spokes group for the finance and technology segments of the hospitality industry with members and stakeholders spanning across the globe. HFTP uniquely understands the industry's pressing issues and assists its stakeholders in finding solutions to their challenges more efficiently than any organization. It does this via its expert networks, research, certification programs, information resources and conferences/events such as HITEC. HFTP also owns the world's only hospitality-specific search engine, PineappleSearch.com. For more information about HFTP, email membership@hftp.org or download the HFTP/HITEC media kit. Follow HFTP/HITEC on HFTP Connect, Facebook (@HFTPGlobal; @HITECconference), LinkedIn, Twitter (@HFTP), Instagram (@HFTP_HITEC), Flickr and YouTube for the latest news. Stay tuned to HFTP's industry-specific, informational news sites: HFTP News, HITEC Bytes, HFTP Club Bytes and HFTP Finance Bytes.##END##

How will the new tax law impact facilities?

National Association of Hotel & Lodging Engineers (NAHLE)·17 January 2018
The recently passed tax reform has many individuals and businesses wondering exactly what will change in 2018. Corporations are expected to save considerably under the new tax law, but what does that mean for the facilities industry? The only certainty is that the exact consequences of tax reform will reveal themselves in time. But even though some facility managers might need to contend with tax-related changes, many trends and predictions suggest that the change in tax code will not have a major impact on facility management.

Oaks Hotels shares 2018 outlook

hotelmanagement.com.au·17 January 2018
Oaks Hotels and Resorts is predicting a rise in bleisure travel, cross generational travel plus ‘instagrammable’ destinations over the next 12 months. Aptly named, bleisure travellers are business executives who are ditching the traditional rule of mixing work with pleasure by extending their business trips in order to explore their host destinations, squeeze in some down time, and achieve the ever-elusive and highly sought after work-life balance.

IRS offers new guidelines on tax withholdings

National Restaurant Association (NRA)·16 January 2018
Following on the heels of last month’s $1.5 trillion tax reform overhaul, the Treasury Department and Internal Revenue Service released new guidance to help employers manage and update their employee payroll systems as the Tax Cuts and Jobs Act begins to take effect.


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