Skift Blog

FEBRUARY 2, 2024

Skift Take: Barring last-minute entries, Booking.com may be the only travel company advertising nationally during Super Bowl 2024. However, given that Booking.com's annual sales and marketing spend exceeds $7 billion, the expense is certainly doable. Dennis Schaal Read the Complete Story On Skift

Closing 269

Closing Sales Market Marketing 269

Skift Blog

FEBRUARY 27, 2024

Skift Take: Flight Centre wanted to cut a money-losing division and refocus on a higher-end luxury client. RIP Gogo Vacations. Dennis Schaal Read the Complete Story On Skift

Closing 263

Closing Travel 263

Hotel Management

JULY 1, 2024

Landmark WA hotel Hyatt Regency Perth is set to close its doors next month after 36 years in operation with its Singapore-based owner Tuan Sing Holdings Limited seeking to embark on a new hospitality direction.

Closing 264

Closing Hospitality Real Estate Occupancy 264

Skift Blog

MARCH 4, 2024

Skift Take: To verify 7.7 million listings, as untold numbers are constantly dropping off and new ones are added in more than 220 countries, is a daunting task. By its nature, this will be an imperfect process. Dennis Schaal Read the Complete Story On Skift

Closing 289

Closing Cancellation Travel 289

Hospitality Net

NOVEMBER 5, 2024

Both buyers and sellers want a seamless hotel transaction closing, but a variety of potential pitfalls can slow a deal’s closing. Below, we review three key areas of a hotel sale that may present obstacles: financing, PIP costs, and property insurance premiums.

Closing 171

Closing Hotel Sales Sales Hotels 171

Lodging

MARCH 4, 2024

MILWAUKEE—Marcus Hotels & Resorts announced that it, Hempel Real Estate, and Robinson Park have closed on the acquisition of the Loews Minneapolis Hotel. The terms of the transaction were not disclosed.

Closing 173

Closing Real Estate Resorts Hotels 173

Anthony Cole Training

DECEMBER 5, 2024

In the old days of selling, closing was about what happens at the end of a client or prospect meeting did we get them to sign something, give us the green light, or seal the deal? The activity was about applying pressure on the buyer to make a decision NOW.

Closing 269

Closing Sales 269

Lodging

JANUARY 11, 2024

ATLANTA, Georgia—Noble Investment Group announced that it held the final closing for Noble Hospitality Fund V, L.P. Noble Fund V). This is the fifth of Noble’s flagship series of real estate funds focused on value-added investments in select-service and extended-stay hotels across the United States. Noble Fund V was oversubscribed with $1.0

Closing 182

Closing Real Estate Services Hospitality 182

Hospitality Net

JUNE 2, 2023

Although they would like to deny it, Gen Zs and Millennials do have one very important thing (for you!) in common: just like the Millennials before them, Gen Zs are highly motivated by travel and will spend as much of their disposable income on it as possible.

Closing 237

Closing Travel 237

Hospitality Net

AUGUST 19, 2024

I am hearing reports of some spammers or hackers hijacking some Google Hotel listings by marking some hotels as permanently closed and also changing the phone numbers to WhatsApp numbers. This can be a huge concern for many hotel operators, but I am not sure how widespread the issue is.

Closing 177

Closing Hotels Operations 177

Skift Blog

SEPTEMBER 29, 2023

Skift Take: U.S. National Parks — one of America's most vital attractions — would become unavailable to millions of tourists and locals. Dawit Habtemariam Read the Complete Story On Skift

Closing 278

Closing Tourism 278

Skift Blog

APRIL 3, 2023

Skift Take: If American Airlines CEO Robert Isom is true to his word about matching Delta's pay rates for its pilots, American would certainly be paying a substantial sum in its new contract. Rashaad Jorden Read the Complete Story On Skift

Closing 257

Closing 257

Lodging

SEPTEMBER 11, 2024

MIAMI, Florida—Driftwood Capital announced the successful initial closing of its latest fund, Driftwood Florida Space Coast Portfolio, LP, focusing on the acquisition and development of existing and soon-to-break-ground hotel assets in Florida’s Space Coast.

Closing 147

Closing Scale Resorts Branding 147

Hospitality Net

DECEMBER 23, 2024

The American Hotel & Lodging Association (AHLA) will end 2024 with a record-high 33 active partnership agreements in a diverse range of industries that reflect AHLA members growing interest in the business verticals that will keep them competitive in the years ahead.

Closing 194

Closing Business Hotels 194

Hospitality Net

NOVEMBER 17, 2023

KWC Management, LLC, the hospitality investment management company of Kemmons Wilson Companies, today announced its acquisition of the storied Montage Kapalua Bay, following an engagement that began in the early spring. Montage Kapalua Bay has consistently been ranked among the top resorts on Maui and throughout the state of Hawaii.

Closing 240

Closing Management Resorts Hospitality 240

Skift Blog

AUGUST 31, 2023

Skift Take: The new hotel tax funds will be a big boost for Destination DC's marketing efforts. Dawit Habtemariam Read the Complete Story On Skift

Closing 282

Closing Tourism Market Marketing 282

Lodging

JULY 23, 2024

NEW YORK, New York—PMZ Realty Capital LLC announced that it has closed over $40 million in recent weeks. There is a strong sense of optimism in the economy, anticipating the Fed lowering interest rates […] The post PMZ Realty Capital Closes Over $40 Million in Recent Transactions appeared first on LODGING Magazine.

Closing 147

Closing Hospitality Real Estate Hotels 147

Skift Blog

APRIL 12, 2023

Skift Take: A consumer platform for virtual travel was probably doomed no matter what. But its founder tried, grieved the loss, and is now moving on with a pocketful of lessons and his head held high. Justin Dawes Read the Complete Story On Skift

Closing 258

Closing Travel Consumer Operations 258

Skift Blog

MAY 18, 2023

Skift Take: The Force was not with this one. Jason Clampet Read the Complete Story On Skift

Closing 233

Closing Hotels 233

Hotel Management

JULY 30, 2024

Hotel leaders from across New Zealand, Australia and the South Pacific are urged to secure their tickets soon for the third edition of the Aotearoa Hotel Industry Conference and Exhibition (AHICE), with the early bird discount offer closing on Friday August 9. Register for AHICE Aotearoa now.

Closing 147

Closing Events General Manager Tourism 147

Hospitality Net

JANUARY 16, 2024

Once, hotels stood as beacons of hospitality, where every guest was treated like royalty. The lobby buzzed with the energy of travelers from far and wide, greeted by a concierge who knew the city like the back of his hand. Room service was a call away, and the meticulous housekeeping was a silent ballet that kept everything pristine.

Closing 236

Closing Services Travel Hotels 236

Skift Blog

JUNE 18, 2024

The country is acting quickly to close down popular attractions. Skift Take: A fifth tourist has died due to high temperatures in Greece this month. But this is only the start of the summer, and Southern European cities are likely to face one climate-related disaster after the next. Jesse Chase-Lubitz Read the Complete Story On Skift

Closing 348

Closing Tourism 348

Skift Blog

DECEMBER 21, 2024

Skift Take: Remote Year said it was closing, upsetting many customers who had paid for future trips as digital nomads. Two CEOs are pointing fingers at each other. Sean O'Neill Read the Complete Story On Skift

Closing 272

Closing Tourism Hospitality 272

Lodging

MARCH 18, 2024

Peachtree Group (“Peachtree”), a diversified commercial real estate investment firm, announced it has closed approximately $660 million in credit investments since Dec. 1, 2023, with an additional $350 million anticipated closing over the next 30 to 45 days. Billion appeared first on LODGING Magazine.

Real Estate 269

Real Estate Market Marketing Closing 269

Lodging

FEBRUARY 14, 2024

The terms of the agreement were not disclosed and are subject to the satisfaction of certain standard closing conditions. Upon closing, Marcus Hotels & Resorts will assume hotel management, which will be rebranded under another major global hotel system.

Real Estate 285

Real Estate Resorts Closing Hotels 285

Hotel Management

DECEMBER 19, 2024

The post Exclusive: Trilogy Hotels closes first year with 13 hotels and big ambitions for 2025 appeared first on Hotel Management. We are very mindful as a company that we are only as strong as the quality of our relationship we have with our owners, team and guests. Its an ecosystem based on high levels of trust.

Closing 130

Closing Hotels Operations Branding 130

Lodging

DECEMBER 16, 2024

This is the time of year when lifelong memories are made with loved ones, and travel plays a […] The post Record Number of Holiday Travelers Expected to Close Out 2024 appeared first on LODGING Magazine. AAA expects an additional 3 million travelers this holiday season compared to last year.

Closing 244

Closing Travel 244

Lodging

AUGUST 21, 2024

The transaction is anticipated to close later this year, subject to customary closing conditions. This move builds on Hyatt’s organic growth and acquisitions that quintupled the number of lifestyle rooms in Hyatt’s global portfolio between 2017 and 2023.

Closing 278

Closing Branding Hotels 278

Hospitality Net

MARCH 18, 2024

Peachtree Group (“Peachtree”), a diversified commercial real estate investment firm, announced it has closed approximately $660 million in credit investments since Dec. 1, 2023, with an additional $350 million anticipated closing over the next 30 to 45 days.

Real Estate 256

Real Estate Closing Market Marketing 256

Hospitality Net

NOVEMBER 6, 2024

As the closing part for the Thematic with Oracle Hospitality focusing on how generative artificial intelligence (GenAI) will help hoteliers, this latest panel discussion [link to video] is truly superb 50-minute conversation with Jason Bryant and Tanya Pratt, two senior leaders at Oracle Hospitality.

Closing 309

Closing Hospitality 309

Hospitality Net

OCTOBER 22, 2024

Marcus & Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of an 11-property Courtyard Hotel portfolio in Illinois, Ohio, Alabama, Arkansas, Virginia, Kentucky, and Oklahoma. The portfolio sold for $101 million.

Sales 149

Sales Real Estate Closing Hospitality 149

Skift Blog

MARCH 26, 2024

Skift Take: Maui is ready for its close-up, according to a new marketing campaign. If tourism doesn't rebound soon, valuable talent may leave. Dawit Habtemariam Read the Complete Story On Skift

Tourism 286

Tourism Closing Market Marketing 286

Skift Blog

APRIL 30, 2024

Leaders in the luxury travel sector will be eyeing the move closely. Skift Take: Wednesday's IPO will value Viking, an operator of luxury river and ocean cruises, at roughly $10 billion. Sean O'Neill Read the Complete Story On Skift

Closing 288

Closing Operations Travel 288