Remove Closing Remove Hospitality Remove Market Share
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Key appointments: BWH Hotels, Seibu Prince, Pullman Sydney Penrith

Hotel Management

Bagley brings nearly 20 years of experience in the tourism and hospitality industry, spanning business development, product development, and B2B marketing. At Kelsian Group, he played a key role in tourism product development understanding customer needs and developing market-driven products.

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How Remington Hotels built a brand performance team, increased guest satisfaction, and took market share

Hotel Operations

Why Remington invested in service when others were cutting back “We knew that business would come back around eventually, and wanted to grab market share while everyone is operating very lean. Early on, we saw overall both our guest satisfaction scores and market share improving for the entire portfolio.

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MCR, Island Capital close $260M refi for Sheraton New York Times Square

Hotel Business

MCR Hotels and Island Capital Group (Island) have closed on a $260-million refinancing loan for the 1,780-key Sheraton New York Times Square. JLL’s Hotels & Hospitality group arranged the financing. The post MCR, Island Capital close $260M refi for Sheraton New York Times Square appeared first on hotelbusiness.com.

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Key appointments: Hilton, TFE Hotels, Ponant

Hotel Management

Tonetto brings a wealth of industry experience, most recently serving as Director – Hotels at Axsia HTL, where she worked closely with hotel leaders and owners to achieve their goals and maximise return on investment. We’re looking forward to seeing these skills in action at the hotel.”

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Competition heats up between hotels and short-term rentals

Hotel Business

A new joint report from hospitality data supplier STR and short-term rental analytics provider AirDNA shows that competition between short-term rentals and hotels has accelerated in the fight for leisure guests, with the price gap tightening and rental supply falling behind in urban markets. During the pandemic, the U.S.

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Peachtree assumes management of Dallas-area SpringHill Suites

Hotel Business

Peachtree Hospitality Management (PHM) has assumed management of the 105-suite SpringHill Suites Dallas Rockwall in Texas. The assignment is part of PHM’s agreement with TEKMAK Development Company , a full-service hospitality development company, to provide third-party management services for a portion of its hotel portfolio.

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Hilton Snaps Up Graduate Hotels in $210 Million Deal: Consolidation Heats Up in Mid-Scale Market

Hotel Speak

Shaking up the mid-scale hotel market, Hilton has announced the acquisition of Graduate Hotels for a cool $210 million. This strategic buy comes as established hospitality giants like Hilton seek to expand their portfolio and cater to the evolving preferences of millennial and Gen Z travellers.

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