TOPHOTELPROJECTS - 17 October 2017
Last month it was announced that controversial carpool site Uber would be banned from operating in London. Transport For London refused to renew the ride sharing site's operating license, saying that "Uber's approach and conduct demonstrate a lack of corporate responsibility in relation to a number of issues which have potential public safety and security implications," and that the ban would come into place on September 30th. However, as predicted Uber immediately moved to appeal the ban under the court's 21 day appeal procedure, and it will continue to operate while the appeal is being processed. This was a major blow for the taxi-alternative, who have faced controversy worldwide for their business model, staff treatment and ruthless behaviour, sparking protest in cities all over the world from London to Buenos Aires. The ban prompted the abrupt resignation of the Uber's UK and Ireland director Jo Bertram at the beginning of October, just ten days after the ban was announced.As the prevalence of the sharing economy has grown, big names in this revolutionary yet polemic industry have faced significant backlash from regulators, unions and local councils. While the public will always be on the side of a bargain, traditional industries are scratching their heads as to how to compete with this new models, and the hospitality industry is one such sector that has had to seriously think outside the box when it comes to competing with sites like AirBnB who appeal to the tricky millennial demographic.What implications will the Uber ban in London have on sites like AirBnB? AirBnB has already made moves to placate British regulators in London, with the site limiting rentals to a maximum of 90 days unless they have been granted permission from the city council. Since they have started to enforce the ban, 90 day-plus bookings have drastically decreased. However, unlike cities like Barcelona, which is suffering from an over-saturated tourism market that is angering locals and forcing a crackdown on AirBnB's rental properties, London has seen a 6% increase in tourism in the past year, and with tourism contributing PS127 billion annually to the British economy, crackdowns like the one in Barcelona are less likely to happen in the English capital. Increasingly it seems like councils and business owners alike will have no choice but to embrace the sharing economy instead of trying to fight it.The following projects in London should be on your radar:Park Regis Shoreditch LondonThe 70,000 sqft project for Seven Capital will create a 125 bed boutique hotel on a stand alone island site and utilising in part the original facade of a late Victorian warehouse [MORE INFO...]Westin London QueensbridgeThis is a major development in the City of London facing the river Thames [MORE INFO...]Arundel Great CourtThe Hotel would be part of the development - it will be a last minute decision if there will be a hotel or not [MORE INFO...]More information about London Hotel Projects can be found on TOPHOTELPROJECTS, the specialized service provider in the exchange of cutting-edge information of hotel construction in the international hospitality industry.
Hotel Management - 17 October 2017
Wells Fargo Corporate Banking, part of Wells Fargo & Company, formed the Hotel Franchise Finance division to provide real estate financing to multiunit owners and operators of franchised hotels in the select-service and extended-stay segments. Leading this new division is Scott Andrews, a 17-year banking veteran of the hotel financing industry. Andrews, based in Scottsdale, Ariz., will report to Nick Cole, head of the restaurant finance and gaming division at Wells Fargo Corporate Banking.
National Restaurant Association (NRA) - 12 October 2017
It was a sweet victory on Oct. 11, when the Cook County Board of Commissioners repealed the controversial beverage tax it passed last year. The tax, which took effect in August, was an attempt to close a budget shortfall. It placed a penny-an-ounce tariff on soda and sugary beverages. The board voted 15-2 to end the tax, which had angered both consumers and business owners.
Hotel Management - 10 October 2017
Lenders provide many options for financing in the hotel industry, but finding the right debt for an asset can sometimes be a daunting experience, especially if hoteliers aren’t aware of the alternatives. While traditional recourse loans are an option for financing, Mac Dobson, SVP of originations for Aries/Conlon Capital, said they aren’t without their limitations. For instance, the borrower must personally guarantee the loan, which means both personal wealth and the property are on the hook if there is a default. Then, if there is a foreclosure with a shortfall after the sale, the borrower is on the hook for that amount.
Cycas Hospitality BV - 10 October 2017
Cycas Hospitality is the largest branded extended-stay hotels operator in the UK, with additional operations in Benelux and ambitious plans to roll out the concept across continental Europe. It is a 'white-label' operator that partners with institutional and private investors to maximise the full potential of their hotel assets. Its current clients include Starwood Capital, M&L Hospitality, and CLS Holdings plc; outside North America, it is the largest operator of Staybridge Suites and Residence Inn hotels.Hua Kee has acquired a one-third share in Cycas, and its investment provides the business not only with additional working capital but also a co-investment partner and potential for future deals.Cycas Hospitality's turnover under management is forecast to treble over the next two years from EUR38 million to over EUR100 million based purely on the business's existing, secured and signed pipeline of hotels. Cycas currently has 3,000 guest rooms either open and operating, or signed and in the pipeline; it intends to grow this to more than 10,000 in the next five years.Eduard Elias, Cycas Hospitality's co-founder, said: "Extended-stay accommodation, which includes serviced apartments and aparthotels, is a new and dynamic asset class in Europe and is evolving as a major subsector in the hotel industry as leisure and business travellers increasingly seek and value flexibility and independence. We are delighted to welcome Hua Kee as investors and partners. We have exciting plans; we are actively seeking additional hotels to operate across continental Europe; and Hua Kee's investment provides us with the capital we need to achieve this next phase in our strategic plans."Erik Jacobs on behalf of Hua Kee added:"Cycas Hospitality is known for its exceptional customer service. This passion for wowing its customers, its clear market-leading position in this exciting, evolving market, together with its ambitious plans in Europe, made it a highly attractive investment proposition. In comparison with the US, Europe is largely underdeveloped and undersupplied in the extended-stay sector and we are anticipating this sector to gain significantly more market share in the short, medium and long-term. We are delighted to be Cycas Hospitality's strategic partners and investors."
HVS - 10 October 2017
HVS is reminding owners and asset managers of hotels and casinos that have suffered insured losses of profits due to business interruption from the recent hurricanes that HVS has staff experienced in calculating, and supporting the claim for, business income losses. HVS will provide a calculation of the profit lost during the period that is covered under the business interruption period provided for in insurance policies.HVS has one of the largest data bases of information for Florida, Gulf Coast, Puerto Rico and other Caribbean markets in the consulting industry. The data includes market and financial data that can be used for benchmarking actual and projected results. When an entire hotel market experiences damages and closures due to events such as the recent hurricanes, the calculation of revenues lost for an individual hotel must be verified using models that are very similar to those used in the supply, demand and penetration forecasts HVS uses in its market studies and appraisals.With its in-house appraisal, design and affiliated architects HVS can assist in calculating the cost of physical storm damage repairs.HVS Asset Management's Newport, RI office will be leading the business interruption claim service effort. In its normal course of business, we analyze budgets, forecasts, rooms, meetings and catering booking pace, food and beverage, other revenue departments as well as labor and expense levels of all types of hotels and resorts in great detail. Our staff is experienced at reviewing hospitality insurance policies, with special emphasis on the business interruption coverage and requirements. Combining the analysis capabilities of our asset management team with our industry-leading hospitality intelligence and hotel and market revenue forecasting expertise, HVS is the most qualified firm to assist owners and asset managers and their law firms and insurance brokers when calculating the lost income and supporting the aggressive pursuit of business interruption claims. Our methodology will allow our clients to recover the lost profits that they deserve under their insurance coverages.For information contact either Jeff Crowley at +1 305-582-8928 or JCrowley@HVS.com or your regular HVS contact.
hotelmanagement.com.au - 10 October 2017
The accommodation industry is supporting calls for the South Australian Government to properly regulate sharing economy providers, including Airbnb. The Accommodation Association of Australia said that unless the SA Government moves to address this issue, the safety of domestic and international visitors is at risk. “In June last year following little or no consultation, the South Australian Government effectively gave the green light to sharing economy platforms to operate with the same level of regulation as residential properties,” said the Association’s Chief Operating Officer, Laura Younger.
hotelmanagement.com.au - 10 October 2017
The accommodation industry is supporting calls for the South Australian Government to properly regulate sharing economy providers, including Airbnb. The Accommodation Association of Australia said that unless the SA Government moves to address this issue, the safety of domestic and international visitors is at risk. “In June last year following little or no consultation, the South Australian Government effectively gave the green light to sharing economy platforms to operate with the same level of regulation as residential properties,” said Accommodation Association of Australia Chief Operating Officer, Laura Younger.
4hoteliers.com - 6 October 2017
A channel manager which automates processes and reduces the risk of double bookings is a major asset for a successful distribution strategy. One of main benefits of a channel manger is pooled inventory. A hotel that does not use a channel manger needs to split their inventory between all booking channels they are using to avoid double bookings. When using a channel manager which supports pooled inventory you can offer all rooms to all distribution channels at the same time. This not only increases your sales potential but may also have a positive impact on how the OTAs algorithms will rank your property.
National Restaurant Association (NRA) - 4 October 2017
Today, the House Committee on Education and the Workforce began markup of H.R. 3441, the Save Local Business Act. If passed, the legislation would address the National Labor Relations Board’s expanded definition of the joint-employer standard. The NLRB dramatically expanded the definition in 2015 to include indirect and potential control of employees, overturning three decades of labor law and creating confusion for restaurants and other small businesses. As a result, small businesses like restaurants could be held liable for the actions of other companies simply because they do business with them.
HFTP - 3 October 2017
HFTP is pleased to announce table top exhibit space for the 2017 HFTP Annual Convention is sold out, with 30 organizations participating. HFTP has changed the event's vendor interaction to allow attendees to meet with vendors in a new table top format at the Annual Convention, scheduled for October 25-27, 2017 at Omni Orlando Resort at Championsgate in Championsgate, Florida USA. Online registration is open for Annual Convention 2017."For 65 years at the HFTP Annual Convention, the association has provided an opportunity for hospitality finance, and later technology, professionals to learn and explore the tools available to help us be successful in our professions," said Frank Wolfe, HFTP CEO. "The table top exhibits complement that goal, presenting to attendees products and services dedicated to the hospitality industry. The full house only serves to present a good representation of what is on offer."The exhibits will be open during the Welcome Reception on Wednesday, October 25, 2017 from 7:00 to 9:00 p.m., as well as the following Thursday morning beverage breaks and luncheon - providing exhibitors with ample time to network with attendees. Visit the Annual Convention page on the HFTP website for complete information about all conference events, including the program schedule, hotel and travel details and more.Annual Convention also offers multiple sponsorship and advertising opportunities for companies to participate in the event even after exhibit space is sold out. The available branding packages will allow companies to increase impressions and engagement among attendees before and after Annual Convention. For more information about branding packages or sponsorship opportunities, please contact HFTP Director of Exhibits Paula Lerash, CEM at firstname.lastname@example.org or visit www.hftp.org.Annual Convention 2018 is slated for October 24-27 at the new Omni Louisville Hotel in Louisville, Kentucky USA. For more information about HFTP's Annual Convention and other global activities, contact the HFTP Meetings & Special Events Department at email@example.com or visit www.hftp.org. For the latest news, follow HFTP/HITEC on HITEC Bytes, PineappleSearch, Facebook, LinkedIn, Twitter (@HFTP), Instagram (HFTP_HITEC), Flickr and YouTube.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 and the Netherlands. 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 firstname.lastname@example.org or download the HFTP/HITEC media kit via the HFTP website. Read industry updates on the suite of HFTP hospitality news sites: HITEC Bytes, Club Bytes, Finance Bytes and HFTP News.
Hotel Online - 29 September 2017
Hotel and motel workers in Washington County will take part in a new law enforcement training program to help them recognize and report sex trafficking activity. The campaign, called "Speak Up. They Can't," is intended to help workers in the hospitality industry counter illegal behavior and in effect become a voice for victims, said County Attorney Pete Orput. In the past 18 months, Orput's office has prosecuted more than two dozen men looking to buy sex with girls and women. Many arrests have occurred in Woodbury, the county's largest city.
4hoteliers.com - 25 September 2017
As Chinese tourists tend to flock to destinations along the ‘Belt and Road' regions, maintaining tourism trade balance against the tourism markets along the ‘Belt and Road' is still a challenge. China faced a tourism trade deficit of USD 216.7 billion in 2016, as Chinese tourists spent USD 261.1 billion abroad while China’s inbound tourism receipt for the year was USD 44.4 billion, according to the Annual Cross-border Consumption Index Report released by Economic Information Daily and Visa on September 11.
Lodging Magazine - 21 September 2017
Two law firms with experience in the lodging industry are teaming up to support hotel owners in the wake of massive destruction caused by flooding and winds from hurricanes Harvey and Irma. Texas-based Patel Gaines and Florida-based Farrell & Patel are working together to ensure that hoteliers receive just and fair treatment of their property damage claims by the insurance industry. “Each of our firms has done huge amounts of work in the hospitality industry,” said Rahul Patel, managing partner of Patel Gaines. “I literally grew up in my parents’ hotels. Our two law practices are very involved with the Asian American Hotel Owners Association (AAHOA) and the Texas Hotel & Lodging Association, among others. So, we’re keenly aware of the legal and insurance issues so many in the industry are now facing. They know us and our track record well.”
Budget Season Has Arrived: Be Smart- Spend Wisely- And Choose Your Business Center Provider Carefully!
Hotel Online - 19 September 2017
The hospitality industry’s offering for Business Centers is changing rapidly. “Let's face facts,” Says Steve Blidner CEO of TTI. “Business centers are still a viable commodity. However, the needs of guests have and continue to change. Make sure your provider has the capability to keep up with these changes. Never get locked into a single platform solution.”
Blue Mountain Hotel Group, Owners of Hilton Garden Inn in Morgantown, West Virginia, Files for Bankruptcy
Hotel Online - 15 September 2017
The group behind the Hilton Garden Inn, at the center of lawsuits and tax collection efforts, filed for bankruptcy in Georgia. As a result, a case in federal court in West Virginia was halted pending the bankruptcy proceedings. A hearing set for Thursday, in Clarksburg, to discuss the potential sale of the hotel by the bank that loaned money was cancelled. On Wednesday, Blue Mountain Hotel Group LLC, filed for Chapter 11 bankruptcy in a Georgia court. Chapter 11 allows a company to reorganize and restructure some of its debt. Mountain Blue operates the Morgantown Hilton Garden Inn in the Suncrest Towne Centre. The company's four-page filing lists $0-$50,000 in assets and liabilities.
Hotel Online - 8 September 2017
President Trump’s budget deal with Congress includes extension of EB-5 through December 8, 2017. In a message to members of the Public Policy Committee today, the IIUSA confirmed the extension of the EB-5 regional center program as part of the budget deal struck yesterday by President Trump and Congressional leaders.
Hospitality Technology Magazine - 7 September 2017
HTNG has created a new workgroup to help hospitality companies and other industry stakeholders with the European Union General Data Protection Regulation (GDPR). The GDPR is a law governing PII (Personal Data) that will be enforced in the European Union in mid-2018. Global hospitality chains, trading partners and vendors who conduct business within the European region need guidance to navigate the pitfalls associated with compliance to these updated laws.
TOPHOTELPROJECTS - 31 August 2017
nterested in buying or leasing a hotel, B&B or simply a suite in a hotel but not sure where to start? Well, Global-Hotels for Sale is a site that allows you to do just that. One of the world's leading brokers for hotel and hospitality property purchases, the Spain-based company operated within a global market to connect prospective buyers with hoteliers and owners who are looking to sell some property. This "off market" model connects clients directly with property owners, developers, funds, banks and real estate agents, meaning you can bypass the middleman and go directly to the source, saving you time and money.Global-Hotels for Sale provides a range of services to anyone interested in potentially getting involved in the hospitality industry from a purchasing point of view. In partnership with an array of organisations that operate internationally, they are the one-stop-shop for any property buying of hotels, B&Bs etc that you may want to do. Their main service is Hotel & Resort Brokerage, which involves compiling a global listing of hotels, resorts and B&Bs for sale or lease. The properties on offer range from budget hotels to luxury properties and from boutique hotels to big name international brands.Hotel Investments is another string to the company's bow, where the provide investment opportunities in resort developments, facilitate part-ownership through shares in established hotels, or smaller scale involvement such as purchasing or investing in a single unit suite or villa within a bigger complex. They list potential involvement in new build projects, where you can have a stake in a property from its inception to completion. They also identify hotels that are going to be rebranded, or that require rebranding, so you can get a glimpse into the future of these properties and potentially target them down the line once their rebranding is complete. Finally, they also list management and consultancy services that their clients provide, allowing the buyer to be assisted throughout their purchase so they make the right and smart decisions.More information on all suppliers can be found on TOPHOTELSUPPLIER, the first complete directory of leading hotel suppliers worldwide.
4hoteliers.com - 29 August 2017
Trinity Investments LLC and funds managed by Oaktree Capital Management announced the formation of a joint venture to invest up to $3 billion in
Hotel Online - 28 August 2017
By Lily McIlwain "Continued tolerance is allowing wholesalers to cheat and win a game in which we should set the rules." That's what one hotelier had to say when we asked them about the 'Amoma problem'. We've been delving deep into the world of wholesalers and rogue rates for our latest 'Spotlight on...' report, and we've uncovered some pretty contentious issues. We'll also be hosting a webinar based on the report on September 12th - register now to join us! Go to Report Spotlight on... Wholesalers We spoke to 50 hoteliers about their experiences of being undercut by wholesale rates on OTAs like Amoma. Despite being contractually obliged to sell rooms only under the terms set out by a hotel, it is increasingly common to see wholesalers 'unbundling' rates designed to be sold as part of tours or packages. Only five of those surveyed had not come across the 'Amoma problem' prior to our survey. In fact, most had pretty strong feelings about it. "If Amoma had any 'balls' or b
Premier Capital Associates - 25 August 2017
Premier Capital Associates, LLC, a national, full-service real estate investment company specializing in debt and advisory services for hospitality real estate, announced today that they secured refinancing for the Holiday Inn Express in Pasco, WA.The total loan amount was approximately $8,750,000."Eager to execute a robust plan for improvements, our client needed our help to extract the equity that was available in their property. We were able to source the funding they needed to execute their plan and negotiated terms that fit their cash flow and expense control objectives perfectly," said Greg Morris, Managing Director of Premier Capital Associates.Jeff McKee, Managing Director at Premier Capital Associates adds, "Consumer confidence remains steady and the economy continues to heat up, which could mean more interest rate increases are on the horizon. While enjoying the discretionary spending that these trends deliver, the wise hotelier is executing renovation and expansion plans now to take advantage of today's low interest rates."
CBRE Hotels - 23 August 2017
Atlanta -- The U.S. lodging industry will enjoy continued growth in all major metrics in 2018, albeit at a slower pace. Based on the recently released September 2017 editions of Hotel Horizons(r), CBRE Hotels' Americas Research is forecasting year-over-year increases in occupancy, average daily room rate (ADR), rooms revenue (RevPAR), total operating revenue, and gross operating profits (GOP) from 2017 to 2018."As hotel owners and operators begin the process of preparing their 2018 marketing plans and budgets it is vital that they receive critical inputs on what will drive industry performance," said R. Mark Woodworth, senior managing director of CBRE Hotels' Americas Research (CBRE). "Based on our analysis of the economic and operating environments, we believe that U.S. hotels will once again achieve record occupancy levels and continued growth in profits, during the upcoming year."CBRE is forecasting a 0.1 percent occupancy increase along with a 2.3 percent rise in ADR for 2018. The net result is a projected 2.4 percent boost to RevPAR. "The limited growth rates may be disappointing or even troubling for some industry participants. However, 2018 will mark the ninth consecutive year of rising occupancy, something we have not seen since the 1990s. While the slow growth in occupancy does indicate we are at the top of the business cycle, all factors indicate that we are in the midst of a record breaking, sustained period of prosperity for U.S. hotels," Woodworth said. "Like occupancy, CBRE also is projecting a ninth consecutive year of growth in RevPAR, total operating revenue, and GOP in 2018."CBRE also has identified an uptick in new lodging supply. For 2018, CBRE is forecasting a 2.0 percent increase in the number of available rooms. This does exceed the 1.8 percent long-run average annual rate of supply growth as reported by STR. "Historically, we have seen rising supply precede industry downturns. Fortunately, as has been demonstrated for several years now, the economic factors that matter most for hotel demand growth exceeded the changes in supply," said John B. (Jack) Corgel, Ph.D., professor of real estate at the Cornell University School of Hotel Administration and senior advisor to CBRE Hotels' Americas Research. "Looking forward, employment levels and income gains are expected and remain attractive. These movements will result in growing levels of demand and occupancy to counter balance supply growth."Local MarketsThe influence of new supply is somewhat muted when reviewing the national statistics. Supply growth in excess of demand is the reason why 50 of the 60 major markets in the CBRE Hotel Horizons(r) universe are projected to realize a decline in occupancy in 2018. The disparity between the performance of the overall national market and the major local markets is driven by the skew of development activity. Nearly 90 percent of the new hotel rooms entering the U.S. in 2018 will reside in the 60 Hotel Horizons(r) markets. "Now more than ever, the 'street corner business' adage we've always touted applies to the hotel industry. It is very important to gain a thorough understanding of local market conditions when preparing hotel budgets for 2018," Woodworth noted.Despite the increase in competition, the aggregate occupancy levels for the Hotel Horizons(r) markets are forecast to remain above 70 percent through 2021. In 2018, 52 of the 60 markets are projected to achieve occupancies above their long-run average. "Given such lofty occupancy levels, 49 of the Hotel Horizons(r) markets are forecast to enjoy an ADR increase in excess of the projected 2.2 percent rate of inflation. Real ADR growth in the face of declining occupancy speaks to the strength of most U.S. lodging markets," Corgel added.Pushing Profits"In a low revenue growth environment, it is a struggle to grow profits. This is especially true given the labor shortages and resulting upward pressure on compensation rates that our clients are reporting to us," said Woodworth. "If revenues increase at our forecast growth rate of 2.3 percent in 2018, then expense growth needs to be kept to something less than 3.7 percent in order for profits to rise. With the average hourly compensation rate for hospitality employees currently increasing at a pace of 4.1 percent, and labor costs comprising roughly half the costs of a hotel operation, you can see how the math becomes challenging."U.S. hoteliers have overcome this same obstacle in recent years. Profit margins for U.S. hotels have grown each year since 2009 and in 2017 are forecast to be at their highest levels since 1959. "Given their track record, we believe hotel operators will once again control costs sufficiently to allow for profit growth in 2018," Woodworth said.Life at the Top"The market and operating metrics we are seeing at the top of this business cycle are quite remarkable given the 90-plus years our firm has been tracking the U.S. lodging industry. I understand why people are disappointed in the slow pace of growth. However, the fact that we are achieving such strong levels of occupancy and profit margins, combined with the positive economic outlook, makes us very comfortable forecasting sustained growth for the foreseeable future," Woodworth concluded.To assist hotel owners and operators in the preparation of their 2018 budgets, the September 2017 editions of Hotel Horizons(r) for the U.S. lodging industry and 60 major markets can be purchased by visiting:https://pip.cbrehotels.comCBRE Hotels is a specialized advisory group within CBRE providing capital markets, consulting, investment sales, research and valuation services to companies in the hotel sector. CBRE Hotels is comprised of more than 385 dedicated hospitality professionals located in 60 offices across the globe.
hotelnewsnow.com Featured Articles - 21 August 2017
Industry experts, including a hotelier, a DMO representative, a convention center manager and a meeting planner, said the best way to maximize revenue for all involved is to build relationships. While hoteliers, DMOs, convention center managers and meeting planners may have different goals when it comes to maximizing revenue, they share a common thread, and that’s relationship-based business. Speakers representing those groups on a panel at the recent Hotel Data Conference said strong relationships between hotels and their travel industry partners pays off on the bottom line. Get to know groups, eventsAsking a lot of open-ended questions—such as what’s different, what’s working and what isn’t—gathering plenty of data and getting to know your client and the event is key, said Michelle Sedlak regional director of sales and marketing at Aimbridge Hospitality.
RAR Hospitality - 17 August 2017
SAN DIEGO -- Today, Inc. Magazine unveiled its 36th annual Inc. 5000 list of the nation's fastest-growing private companies and San Diego-based hotel management firm, RAR Hospitality is pleased to announce its ranking of No. 2383. This is the first year RAR Hospitality has been featured on this exclusive list."The RAR team is honored to receive this recognition as we have relentlessly worked to make a difference in the hospitality industry," said Robert Rauch, founder, chief executive officer and president of RAR. "We have grown because of our partner commitment, employee dedication and comprehensive ability to adapt to the evolving industry."The 36th annual Inc. 5000 list represents a multitude of fast-growing, privately-owned companies and industries. To qualify for the list, Inc. examined each company's growth percentage and revenue, analyzing data from 2013 to 2016. RAR Hospitality achieved the No. 2383 spot because of the company's remarkable growth rate of 152 percent. Since the company's establishment in 1990, RAR has expanded its hotel portfolio of branded, independent and boutique properties in Southern California, Arizona and Colorado including The Lafayette Hotel, Swim Club & Bungalows, The Keating Hotel, Fairfield Inn & Suites San Diego North/San Marcos, Hilton Garden Inn San Diego/Del Mar, DoubleTree by Hilton Phoenix North and Arabella Hotel Sedona.The rarefied 2017 Inc. 5000 list can be accessed online at www.inc.com/inc5000 along with company profiles and results and the Inc. 500 list will be published in the September issue of Inc. Magazine.The company has been awarded with prestigious accolades such as San Diego Business Journal's fastest-growing private companies,LODGING Magazine's top 50 management companies and Hotel Business Magazine's top management companies. RAR Hospitality is located at 10840 Thornmint Road #110, San Diego. For more information, please visit www.RARHospitality.com or call (858) 239-1800.
JMBM - 17 August 2017
LOS ANGELES -- JMBM's Global Hospitality Group(r) and EB-5 Finance Grouptm are pleased to announce the publication of The Developer's EB-5 Handbook for EB-5 Construction Financing, a "must-read" resource for developers who are considering using EB-5 financing to complete or enhance their capital stack for construction projects. This is the much talked-about and often (inappropriately) maligned EB-5 program, also known as the immigrant investment visa program.While there are many pending developments that could affect the EB-5 program, this is still a good time to learn how the program works and why so many developers have used EB-5 financing as part of the capital stack for their new projects. The Global Hospitality Group has developed an approach to guide clients through the EB-5 process with a minimal amount of financial risk to find and evaluate the reliable players and execute financing with a high degree of confidence.The Developer's EB-5 Handbook is written to help developers assess the potential opportunities for EB-5 financing while avoiding potential traps for the unwary. Written by legal and business advisors to top developers with great projects in the United States, the Handbook includes articles addressing the following topics:What is EB-5 all about? What are its essentials?Is EB-5 still viable for developers with everything going on today?How can you evaluate an EB-5 construction financing opportunity for your project?What is the optimum EB-5 construction financing structure for development projects?What drives the size and terms of EB-5 financing in the capital stack?How much? How cheap? How certain? How long?How can you spot key "show stoppers" before you get too involved?What are the most common mistakes developers make with EB-5 financing?Who do I need on my EB-5 financing team?To download a free copy of The Developer's EB-5 Handbook, go to the Resource Center on HotelLawyer.com.If you would like to discuss any of the issues presented in the Handbook, please contact us: