Hospitality Net

APRIL 21, 2023

Singapore-based Mindverse AI kicked off its Closed Beta Launch of MindOS, its debut tool for creating customized virtual characters for hospitality and e-commerce. A recording of the closed beta launch can be accessed here.

Closing 202

Closing Hospitality 202

Hospitality Net

MARCH 4, 2024

Marcus® Hotels & Resorts, a nationally recognized owner and management company and division of The Marcus Corporation (NYSE: MCS), announced today that it, Hempel Real Estate, and Robinson Park have closed on the acquisition of the Loews Minneapolis Hotel.

Real Estate 264

Real Estate Closing Resorts Hotels 264

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 189

Closing Hotel Sales Sales Hotels 189

Hospitality Net

SEPTEMBER 22, 2024

Turneo, a leading travel tech start-up focused on experiential hospitality, today announced the successful closing of a €2m seed investment round led by Bessemer Venture Partners, with participation from Underline Ventures.

Hospitality 276

Hospitality Closing Travel 276

Hospitality Net

NOVEMBER 27, 2023

In my life, there are few if any financial moments that have created a lasting positive memory. At least that is how it has been for me. Not too many earth-shattering activities, but one on the money side stands out.

Closing 177

Closing Hospitality 177

Hospitality Net

APRIL 28, 2023

Sustainable Hospitality Alliance is partnering with international development organisation Sightsavers to increase disability inclusion in the hospitality industry, with a focus on countries in Africa and Asia.

Hospitality 242

Hospitality Closing 242

Hospitality Net

APRIL 11, 2023

As the hospitality industry continues to navigate the challenges of the pandemic, there is a growing need for innovative solutions that can enhance customer experiences while minimizing staff interactions.

Hospitality 262

Hospitality Closing Business Travel 262

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.

Closing 182

Closing Real Estate Services Hospitality 182

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 189

Closing Hotels Operations 189

Hospitality Net

SEPTEMBER 26, 2023

SkyStem, a leading solution in financial month-end close solutions, is releasing a Buyer’s Guide to help accounting teams navigate the daunting process of selecting a month-end close solution. This guide makes it easy for those who are interested in evaluating and selecting a month-end close solution.

Closing 188

Closing 188

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 246

Closing Travel 246

Hospitality Net

NOVEMBER 21, 2024

With Thynk’s Hospitality AI Sales Agent, customers are able to put contextual data at every sales agent’s fingertips, accelerate response to RFPs and leads, and help decision making by proposing alternative dates and services. The goal is to help sales agents save time and close deals faster.

Sales 246

Sales Hospitality Closing Services 246

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 185

Sales Real Estate Closing Hospitality 185

Hospitality Net

OCTOBER 27, 2023

The world of hospitality is one we encounter on a near daily basis, so it’s no surprise that the industry is worth $4.548 trillion as of 2022. However, as we’ve seen with other sectors that experience consistent growth in value, cybercrime and threats follow closely behind.

Hospitality 242

Hospitality Closing Hotels 242

Lodging

JULY 23, 2024

NEW YORK, New York—PMZ Realty Capital LLC announced that it has closed over $40 million in recent weeks. “Our ability to secure hospitality loans for our clients is a testament to the resilience of the hospitality sector, even amidst high-interest rates,” said Peter Berk, president, PMZ Realty Capital LLC—Hotel Finance Group.

Closing 147

Closing Hospitality Real Estate Hotels 147

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 333

Closing Hospitality 333

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 245

Closing Business Hotels 245

Hospitality Net

DECEMBER 29, 2023

As we close another chapter and welcome the New Year, I reflect on HSMAI Foundation’s enduring commitment to our core tenets: attracting, developing, and engaging commercial talent in the hospitality industry.

Hospitality 228

Hospitality Closing Travel 228

Hospitality Net

APRIL 10, 2023

As frequent readers of my monthly training articles know, I have been a huge advocate of using a “tech for touch” approach for many years. In training articles, webcasts, and in my on-site hotel sales training workshops, I have provided suggestions for using video email apps to put the “people parts” back into hotel sales.

Closing 246

Closing Hotel Sales Sales Hospitality 246

Hospitality Net

DECEMBER 26, 2023

As the year comes to a close, we want to extend our warmest wishes to our valued readers, esteemed members, and incredible partners. Thank you for a year filled with collaboration, growth, and shared successes.

Hospitality 243

Hospitality Closing 243

Hospitality Net

AUGUST 11, 2023

Hospitality Group LLC (“L.T.D.”) has agreed to contribute nine hotel properties to its subsidiary, Caliber Hospitality Trust (“CHT”), an externally advised private hospitality corporation. The transaction is subject to customary closing conditions and is expected to close by the end of the third quarter of 2023.

Hospitality 187

Hospitality Closing Management Hotels 187

Hospitality Net

AUGUST 21, 2024

The transaction is anticipated to close later this year, subject to customary closing conditions.

Branding 264

Branding Closing Hotels Hospitality 264

Hospitality Net

FEBRUARY 19, 2024

This indicates that the gap in price points between hotel and STR is closing*. Short-term rental prices are growing faster than hotels While the average change in rates for Q4 year over year was +16% across all of the markets we looked at, hotels averaged at 11% growth compared with 21% in 1 bedroom short-term rentals. On average,

Hospitality 257

Hospitality Hotel Marketing Closing Market 257

Hospitality Net

OCTOBER 9, 2023

Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,100 hotels across more than 95 countries, today announced the upcoming opening of the upscale 178-room Dolce by Wyndham Versailles - Domaine du Montcel.

Closing 234

Closing Hotels Resorts 234

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 246

Closing Services Hotels Travel 246

Hospitality Net

NOVEMBER 22, 2024

hospitality market remains as dynamic as ever. As 2025 draws near, here are some of the key trends we are monitoring closely:

Hospitality 189

Hospitality Closing Travel Market 189

Hospitality Net

JUNE 12, 2024

June 12, 2024 – Canary Technologies, the global leader in hotel guest management technology, announced today that it has closed a $50 million Series C funding round. San Francisco, Calif.

Closing 246

Closing Hospitality Management Hotels 246

Hospitality Net

MARCH 8, 2024

Aqua-Aston Hospitality opens Fairfield Inn & Suites Tempe and TownePlace Suites Tempe, two brands under one roof in Tempe, Arizona. Led by California-based EKN Development, the four-story, 80,816 square-foot property shares common spaces - including The Way Station restaurant and bar, outdoor pool and hot tub and 24/7 fitness center.

Branding 240

Branding Retail Hospitality Shopping 240

Hospitality Net

JUNE 11, 2024

Obtaining leverage through debt financing is key to achieving the desired equity return on a hotel acquisition. The reduced availability and prevailing high cost of traditional loans are forcing buyers to be creative and consider alternative strategies to seize an acquisition opportunity. This article presents a few of these alternatives.

Closing 177

Closing Hotels 177

Hospitality Net

JANUARY 29, 2024

Aimbridge Hospitality, a leading, global hospitality management company and the world’s largest third-party hotel operator, closed 2023 with a strong mix of deals, new market entries, and property reopenings in its global portfolio, continuing to fuel growth and build momentum going into 2024.

Hospitality 180

Hospitality Closing Hospitality Management Operations 180

Hospitality Net

JANUARY 23, 2024

With an ideal location close to the city centre and key attractions, the property epitomizes modern luxury - offering elegant furnishings, a range of culinary options, a four-floor wellness experience and seamless, personalized service.

Closing 253

Closing Hospitality Resorts Services 253

Hospitality Net

DECEMBER 5, 2024

Black Friday has become a game-changer in the hospitality industry, a moment that redefines booking trends and drives unprecedented opportunities for hoteliers. As one of the most anticipated shopping events of the year, its impact on the travel sector continues to grow, reshaping how hotels approach their direct channel strategies.

Shopping 276

Shopping Closing Events Hotels 276

Hotel Management

DECEMBER 13, 2023

Three notable figures in the Australian hospitality landscape have joined forces to propel the independent management model for hotel operations in Australia and New Zealand. Tony Ryan, a commercial and legal advisor to hotel and hospitality businesses, brings more than 35 years’ experience.

Hospitality 264

Hospitality Hotels Operations Management 264

Hospitality Net

MAY 29, 2024

The May/June issue of HOTELS Magazine featured a special report focused on women in hospitality. Here’s the reason we still do: If we stopped, it means the gap has not just closed but been sealed. Here’s the reason we still do: If we stopped, it means the gap has not just closed but been sealed.

Hospitality 188

Hospitality Closing Hotels 188

Lodging

JANUARY 25, 2024

hospitality industry, the Q4 2023 U.S. Dallas emerged as the strongest market, leading the nation with a record-breaking 193 projects/22,291 rooms, signifying Dallas’s growth and confidence in the hospitality sector. Following closely was Atlanta, setting its own record with 151 projects/18,730 rooms.

Construction 306

Construction Pipeline Closing Market 306

Hospitality Net

OCTOBER 8, 2024

Offering towering views over Riyadh, the hotel blends premium hospitality with design and is in close proximity to key business hubs within the city. Hilton Riyadh Olaya, situated in the heart of the capital’s cultural and business district on King Fahd Road, officially opens its doors in Saudi Arabia.

Closing 259

Closing Business Hospitality Hotels 259

Hospitality Net

FEBRUARY 16, 2024

Ashford Hospitality Trust, Inc. The sale is expected to be completed in early March and is subject to normal closing conditions. NYSE: AHT) ("Ashford Trust" or the "Company") today announced that it has signed a definitive agreement to sell the 144-room Residence Inn located in Salt Lake City, Utah (the "Hotel") for $19.2

Net Operating Income 199

Net Operating Income Hospitality Sales Closing 199