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Take great care in hotel entrance area--or you'll pay

Hotel Management· 9 April 2019
Cars whiz, people don’t. Upshot—the hotel entrance area, which is populated with cars and people coming and going, is a location that is ripe for accidents. Vigilant management is required. Anything less can lead to lawsuits.

AG: Motel 6 to Pay $12M for Providing Information to ICE

Hotel F&B Observer· 9 April 2019
Motel 6 will pay $12 million to resolve a lawsuit against the brand for voluntarily providing guest lists to agents of U.S. Immigration and Customs Enforcement (ICE) on a routine basis for more than two years, according to the state attorney general’s office.

Uganda Deals With Bad Publicity After U.S. Tourist Abduction

mycloud HOSPITALITY· 9 April 2019
President Donald Trump's effort to score domestic political points with Twitter-based diplomacy makes addressing the problem of traveler security and kidnappers demanding ransoms more difficult by antagonizing foreign leaders, rather than wooing them.

Motel 6 to pay additional $12M for providing info to ICE

Hotel Management· 8 April 2019
A year and a half after Motel 6 employees were accused of giving guest lists to agents of U.S. Immigration and Customs Enforcement, the issue is closer to a resolution. The brand, part of G6 Hospitality, has agreed to settle a second lawsuit related to its actions.

HUNGRY Announces $8 Million in Series A Funding

mycloud HOSPITALITY· 8 April 2019
HUNGRY, an online marketplace that connects independent chefs with the $25 billion business and events catering market, has raised $8 million in Series A financing. The financing brings HUNGRY’s total to $12.5 million since its founding in late 2016 by Eman and Shy Pahlevani. HUNGRY will use the funds to continue investing in its digital marketplace and logistics platform and to accelerate growth in new markets across the United States. Today the company operates in Washington D.C. and Philadelphia.

Deutsche Bank Travel Program Joins Boycott of Hotel Company

mycloud HOSPITALITY· 5 April 2019
Deutsche Bank has removed the Dorchester Collection hotel group from its list of preferred suppliers amid a boycott of the group. The Dorchester is owned by Brunei Investment Agency, which is controlled by Brunei's long-ruling sultan. Brunei this week adopted a harsh sharia penal code that includes death by stoning for same-sex sexual activity and adultery.

Fyle Raises $4 Million for Expense Management: Travel Startup Funding This Week - Digital· 5 April 2019
It's eye-catching that Fyle, a Bengaluru-based expense management software company, has received funding from Tiger Global, a venture firm that was an early backer of Flipkart, Spotify, LinkedIn, and Despegar.

Orange Lake Resorts Positions Itself For the Future·Requires Registration · 4 April 2019
Capitalizing on the 100­-year extension of its strategic alliance with IHG, Orange Lake Resorts, home to the Holiday Inn Club Vacations brand, is making moves for the future. KSL Capital Partners LLC has made a significant minority investment in the company. Financial terms of the transaction were not disclosed. Additionally, the brand has revealed a new five-year, $500 million revolving credit facility that will provide additional flexibility to support the company’s future growth strategy. SunTrust Bank is the lead bank.

Why TUI Favors an Asset-Heavy Approach

mycloud HOSPITALITY· 3 April 2019
TUI's ownership of all parts of the vacation journey make it a formidable force in the industry. But the strategy doesn't come without its own risks.

Destinations Say Public-Private Partnerships Help With Overtourism - Destinations· 3 April 2019
Destinations have realized that partnerships and collaboration between public and private forces is the best way to create sustainable tourism growth. Time will tell, though, whether this approach has a lasting impact on global tourism outcomes.

Corinthia Hotels invests in Global Hotel Alliance

Hotel F&B Observer· 3 April 2019
Following Minor Hotel Group and Pan Pacific Hotels Group's investment last year, Malta-based Corinthia Hotels is acquiring a share in Global Hotel Alliance.

Deal Brings Amex Corporate Card Payments to SAP Ariba

Business Travel News (BTN)· 3 April 2019
Users of the SAP Ariba procurement platform soon will be able to use American Express corporate cards to make payments. Amex will become a network extension partner for Ariba, enabling corporate buyers to use their existing Amex corporate cards to generate virtual payments within Ariba, starting this year. Ariba's procurement platform connects more than 3.8 million companies worldwide and hosts more than $7.2 billion in goods and services traded daily, according to the company.

EU Will Allow Visa-Free Travel from Post-Brexit U.K.

Hotel Online· 3 April 2019
On Tuesday, the EU Council and the European Parliament agreed to allow U.K. citizens to travel without visas to Schengen Area countries for short stays. The Schengen Area consists of 22 EU member states, plus Norway, Liechtenstein, Switzerland and Iceland.

KSL Capital Partners Acquires Interest In Orange Lake Resorts

Hotel Interactive · 3 April 2019
Orange Lake Resorts, home to the Holiday Inn Club Vacations® brand, is pleased to announce today that an affiliate of KSL Capital Partners, LLC, (KSL) has made a significant minority investment in the privately held company. Financial terms of the transaction were not disclosed.

Lyft IPO Teaches Lessons to Other Rising Travel Startups - Digital· 3 April 2019
Several travel startups dream of going public. Lyft's initial public offering shows that profitability isn't necessarily as important as growth in the eyes of some investors, among some other key lessons.

Deal Report: Nine Hotel Acquisitions and Financings

Lodging Magazine· 3 April 2019
Wexford Lodging Advisors and Trinity Private Equity Group acquired the 138-suite DoubleTree Suites by Hilton Nashville Airport. The joint venture will invest approximately $2.5 million to upgrade the property by the year’s end. HVMG will continue to operate the hotel. The three-story, all-suite hotel is two miles from Nashville International Airport.

Industry reactions to 'modest' 2019 Federal Budget

mycloud HOSPITALITY· 3 April 2019
Tourism as an industry has fared well from the 2019 Federal Budget, with industry bodies representing the sector overall and the accommodation industry more specifically issuing messages of approval in response.

February delivered falling profits for UK hotels

Hotel Management· 2 April 2019
The U.K. hotel industry is off to a rough 2019, according to the latest data from HotStats tracking full-service hotels. A slight increase in RevPAR in February was not enough to push hotels into the black, as the U.K. suffered a second consecutive month of profit decline.

View from the Top: HFTP Global Goes Local at 2019 HFTP Los Cabos Chapter Meeting

Hotel F&B· 2 April 2019
This past February it was my honor and pleasure to present the HFTP Global Update to the HFTP Los Cabos Chapter. This is an amazing group of individuals representing HFTP — full of enthusiasm and a strong spirit of community. Through the interaction that took place with the chapter membership that evening, it confirmed why my HFTP membership has been renewed every year since first joining, and why to this day being engaged in this organization is so rewarding.

Apple Hospitality REIT Sells Nine Hotels for $95 Million

Lodging Magazine· 2 April 2019
Apple Hospitality REIT recently announced that it completed a nine-hotel portfolio sale for a total sales price of $95 million on March 28, 2019. The company used the sale proceeds to reduce the outstanding balance of its revolving credit facility and anticipates recognizing a gain on the sale in the first quarter of 2019.

Understanding the importance and use of the reserve for capital replacement

Meetings Today Blog· 1 April 2019
The concept for the use of the reserve account is important to understand. It is also essential that hotel operators ensure the reserve is properly funded per the terms of the Hotel Management Agreement “HMA.”The use of the reserve is an important tool to utilize to protect the operator’s rights and long-term viability. Many people mistakenly think the reserve account is the owner’s responsibility and therefore it’s up to the owner to determine and ultimately control the funding.

U.S. Retail Sales Take Surprising Dip in February

mycloud HOSPITALITY· 1 April 2019
U.S. retail sales fell for the second time in three months in February, signaling economic growth for the first quarter will be tepid despite a surge in consumer spending in January. The Commerce Department said on Monday retail sales dropped 0.2% in February as households cut back on purchases of furniture, clothing, food and electronics and appliances, as well as building materials and gardening equipment.

LaKota Oaks - Historic Property Transformed Into Premier Event And Conference Center

Hotel Interactive · 1 April 2019
-LaKota Oaks, a 66-acre hotel and conference center that was recently acquired in Norwalk Connecticut, has completed a comprehensive interior design and technological renovation. The multi-million-dollar project and transformation of the historic property was led by local Norwalk-based Architectural and Interior Design Firm, Bavier Design, LLC who has positioned LaKota in the forefront of hospitality design and innovation.

Spreading the wealth: Increase your property portfolio to maximize investments with less risk

Today's Hotelier (by AAHOA)· 1 April 2019
Diversifying your portfolio by investing in other properties can be a good strategy to reduce risks and increase returns. The key is finding the right property, and there are many factors that go into that decision. Here, we explore some steps to accomplish this goal.

HFTP Research Sheds Light on Hotels' Pre-Opening Budgets and IT Timelines

Lodging Magazine· 1 April 2019
A newly released HFTP study—Pre-Opening Expenditures in Hospitality—investigates pre-opening budget timelines and procedures in the hospitality industry. Commissioned by Hospitality Financial and Technology Professionals (HFTP) and authored by Agnes DeFranco, Ed.D., CHAE and Arlene Ramirez, MBA, CHAE, CHE, CHIA of the Conrad N. Hilton College, University of Houston, and Tanya Venegas, MBA, MHM, CHIA, director of customer success at HotStats, the study aims to clarify understanding of the optimal pre-opening processes and components across hotels of a variety of types, sizes, and geographic locations.


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