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Choice Hotels Brings New Offerings To Florida Coast In Time For Peak Travel Season

Hotel Interactive ·14 February 2019
The Ascend Hotel Collection, a portfolio of unique, boutique, and historic hotels and resorts by Choice Hotels International, Inc. (NYSE: CHH), welcomes three new members in the sunshine state of Florida to the collection: Coombs Inn & Suites, Water Street Hotel & Marina, and The Wyvern Hotel.

Why Hotel F&B Is On The Rise

Hotel Interactive ·12 February 2019
Over the past few years, I’ve had the pleasure of working with thousands of great hospitality businesses. One shift I’ve noticed and heard from our customers time and time again is the increasing focus on food and beverage within the U.S. hotel space. As an example, spending at hotel bars and restaurants grew 5% last year.

Monarch Bay Beach Club Undergoing Exciting Transformation

Hotel Interactive ·12 February 2019
Monarch Beach Resort is currently undergoing a transformation at its beachfront club that will reveal an all-new relaxed luxury experience at the resort, nestled along the coast here.

PMZ Realty Capital LLC Secures $25 Million Cash Out Loans For Trio Of Hilton Hotels

Hotel Interactive ·11 February 2019
PMZ Realty Capital LLC, a boutique real estate investment banking firm, has secured three hotel loans totaling $25 million. PMZ Realty Capital specializes in hotel real estate investment banking nationwide, with an expertise in sourcing capital.

Stantec Provides Integrated Architecture, Interior Design And Engineering Services For New YOTELPAD Miami

Hotel Interactive ·11 February 2019
Global design and engineering firm Stantec celebrates the ground breaking of the new YOTELPAD Miami, the 31-story hotel/condo project by developers Aria Development Group and joint venture partner, AQARAT real estate company. Stantec is providing all-inclusive architecture, interior design and engineering services to the 327,356 square-foot high-rise, located in the heart of Miami’s downtown urban core at 227 NE 2nd Street.

MCR Acquires The Recently-Opened Hampton Inn & Suites Near Chicago

Hotel Interactive ·11 February 2019
MCR, the sixth-largest hotel owner-operator in the United States, has acquired the 116-room Hampton Inn & Suites Chicago/Waukegan.

Park Hotels & Resorts Inc. Announces The Sale Of Pointe Hilton Squaw Peak Resort For $51.4 Million

Hotel Interactive · 8 February 2019
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has closed on the sale of the 563-room Pointe Hilton Squaw Peak Resort (the “Hotel”) located in Phoenix, AZ, for gross proceeds of $51.4 million, or $91,200 per key before customary closing costs. When adjusted for Park’s anticipated capital expenditures (“capex”) of $28 million for the Hotel, the sale price represents a 5.2% capitalization rate on the Hotel’s projected 2018 net operating income (8.0% excluding capex), or 13.9x the Hotel’s projected 2018 EBITDA. Proceeds from the sale will be used for general business purposes, which may include funding future capital projects.

The Castell Project Releases 2019 Women In Hospitality Leadership Report

Hotel Interactive · 7 February 2019
Officials of Castell Project, Inc., a 501(c)3 nonprofit organization dedicated to accelerating the careers of women professionals in the hospitality industry, today released the 2019 Women in Hospitality Industry Leadership report. Following the inaugural 2018 study, the report tracks gender parity data at various upper levels throughout the hospitality industry.

CHMWarnick Expands Accounting Services For Hotel Asset Management Clients

Hotel Interactive · 5 February 2019
CHMWarnick, the preeminent asset manager and business advisor to the hotel investment community, announced today it has expanded its accounting services available to asset management clients. While the company previously offered accounting services on a request-only basis, this marks CHMWarnick’s formal entry into the space, making it the only third-party hotel asset management company providing full owner-entity accounting capabilities.

Palisades Hospitality Group Launches Real Estate And Acquisition Subsidiary

Hotel Interactive · 4 February 2019
Palisades Hospitality Group (PHG), the vertically-integrated hospitality brand behind operations and management company Mosaic Hotel Group, launches Local Framework - the brand's own real estate and acquisitions firm. Local Framework acts as the development component of PHG, overseeing all facets of real estate from acquisitions to concept design, development, project repositioning and renovations, programming, and asset management.

Charlestowne Hotels Welcomes The Cover Of Lake Geneva

Hotel Interactive · 4 February 2019
Charlestowne Hotels is thrilled to announce The Cove of Lake Geneva as the latest property to join the firm’s growing portfolio of managed properties. Boasting unparalleled lakefront views in the heart of Lake Geneva, The Cove marks Charlestowne’s first property in Wisconsin and second in the Great Lakes region. This 222-room all-suite condominium resort is specifically geared towards families, conferences and events, with specialty group accommodations for leisure and corporate travelers alike.

Rockbridge Enters Knoxville Market With Acquisition Of The Tennessean And Holiday Inn Hotels

Hotel Interactive · 1 February 2019
Rockbridge announces the acquisition of The Tennessean Hotel and the Holiday Inn Knoxville Downtown Hotel, both of which sit in prime locations in downtown Knoxville. Aimbridge Hospitality will manage both hotels.

Prism Hotels' Exceptional Growth Continues In New Year With Two New Management Contracts

Hotel Interactive ·29 January 2019
Prism Hotels and Resorts announced today that it has won new management contracts for two properties located in the upscale Stonebriar community of Frisco, Texas: The Westin Stonebriar Hotel & Golf Club and Sheraton Stonebriar Hotel. Prism will manage and reposition both properties. Prism Hotels and Resorts’ President and CEO Steve Van made the announcement.

Hawkeye Hotels Acquires Third Louisiana Property

Hotel Interactive ·25 January 2019
Iowa-based firm Hawkeye Hotels acquired the SpringHill Suites Shreveport-Bossier City/Louisiana Downs, a Marriott hotel in Bossier City, LA. This is the company's third Louisiana property. Hawkeye Hotels also acquired the Hilton Garden Inn in Baton Rouge and the Hotel Modern in New Orleans, which will soon re-brand as a Holiday Inn Express.

Embassy Suites Puts Best Food Forward With Las Brisas Steakhouse In Downtown Amarillo

Hotel Interactive ·24 January 2019
The Embassy Suites Amarillo Downtown will become home for the upscale Las Brisas Southwest Steakhouse in June. The 226-room, 6-floor hotel is owned and operated by Dallas-based NewcrestImage, while the 118-seat restaurant will be owned and operated by Howard Restaurant Group, based in Lubbock, Texas.

Choice Hotels Grows Midscale Presence In Western US With Multi-Unit Agreement

Hotel Interactive ·23 January 2019
Choice Hotels International, Inc. (NYSE: CHH) has signed an agreement with Jay Virk to develop 15 new-construction midscale hotels in the Western region of the U.S. through 2026.

Creating A Destination

Hotel Interactive ·23 January 2019
Having a clearly defined concept, creating a compelling and cost-effective menu and aggressive marketing through social media are among the key factors identified by hotel executives who offered a blueprint for operating a successful hotel restaurant.

PMZ Realty Capital Secures First Ever CMBS LOAN for Tru by Hilton

Hotel Interactive ·22 January 2019
PMZ Realty Capital LLC, a boutique real estate investment banking firm, has secured the first ever CMBS loan for Tru by Hilton property. PMZ Realty Capital specializes in hotel real estate investment banking nationwide, with an expertise in sourcing capital.

The Intrinsic Value Of Wellness And Training Seminars

Hotel Interactive · 4 January 2019
One of the underlying movements within modern corporate culture has been to transform the place of work into that of a quasi-second home. Your fellow employees are not just mere colleagues, but friends and family that support your soul and not just your wallet.

The Greenwich Hospitality Group (GHG) Completes $23.2 million Acquisition Of West Bay Beach Holiday Inn Resort

Hotel Interactive · 4 January 2019
The Greenwich Hospitality Group (GHG) today announced its acquisition of West Bay Beach Holiday Inn Resort in Traverse City, Michigan for $23.2 million. The 179-room full service waterfront resort, originally built in 1968, is located on the West Bay in downtown Traverse City. The purchasing entity, DELAMAR Traverse City, LLC, consists of mostly Michiganders with multi-generational ties to Grand Traverse and Leelanau Counties. Greenwich Hospitality Group owns and manages hotels in Connecticut, Texas, and Vermont.

Best Western Hotels & Resorts Assumes Direct Responsibility Of Brand In Mexico

Hotel Interactive · 3 January 2019
Best Western® Hotels & Resorts today announced that it has assumed direct responsibility for the Best Western brand in Mexico & Central America and surrounding countries (collectively, “Mexico”). Best Western will now operate on a property direct relationship (“PDR”) with Best Western branded hotels in Mexico, all of which remain independently owned and operated. The transition to direct responsibility of the brand in Mexico will result in focused brand-level efforts and increased synergy and efficiency across Mexico, South America, and Central America.

Shaner Hotels Receives Multiple Accolades During Marriott CONNECT Conference

Hotel Interactive ·21 December 2018
The Shaner Hotel Group, one of the hospitality industry’s leading owner-operators of full- and select-service hotels, today announced that the company received three of Marriott International’s top awards during the franchisor’s CONNECT Conference held Dec. 17-19 at the San Diego Marriott Marquis in California.

Choice Hotels Inks Mid-Atlantic Multi-Unit Conversion Agreement

Hotel Interactive ·20 December 2018
Choice Hotels International, Inc. (NYSE: CHH) has signed an agreement with Hammock Worldwide Hotels & Resorts to convert and open eight Choice-branded properties across the Mid-Atlantic region.

AAHOA President And CEO Chip Rogers To Step Down

Hotel Interactive ·19 December 2018
The Asian American Hotel Owners Association (AAHOA) announced today that Chip Rogers will step down as President and CEO to pursue an opportunity as President and CEO of the American Hotel and Lodging Association (AHLA). Rogers will work with AAHOA’s leadership through early 2019 to ensure an effective transition and the success of ongoing projects and relationships.

Hospitality Ventures Adds Hard Rock Hotel Daytona Beach To Growing Portfolio Of Managed Properties

Hotel Interactive ·18 December 2018
Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, announced the company has taken over management of the 200-room Hard Rock Hotel Daytona Beach (918 N. Atlantic Avenue). The hotel, which opened in early 2018, is owned by Summit Hospitality Management Group.

Curio Collection By Hilton Celebrates Monumental Year Of Global Growth

Hotel Interactive ·18 December 2018
From resorts in the Caribbean to unique hotels in booming destinations, such as Reykjavik, Iceland, Asheville, North Carolina and Xiamen, China, Curio Collection by Hilton celebrated many milestones in 2018. The brand is set to maintain this momentum into 2019 with a number of one-of-a-kind hotels forecast to open, continuing to meet the needs of leisure and business travelers around the world.

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