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TFE Hotels is an owner, manager and developer and we see their impressive presence in multiple markets – which includes more than 50 properties in Australia, a strong pipeline of properties and ties to Singapore and Europe – as complementary to our vision for the future,” said Heritage Hotels’ Managing Director, Jeffrey Tang.
2023 was a pivotal year for RHG where we expanded our relationship with key partners and operators. In the Philippines, we expanded our decade-long partnership with SM Hotels and Conventions Corp through a Master Development Agreement to reach 20 hotels by 2028 from six hotels in operation today.
There is tremendous potential for us to further scale Lyf across more hospitality asset classes, whether as a full-service hotel or resort, especially with the growth pace we have seen over the year. New locations Lyf is currently present in 21 cities globally, with over 5,500 units both operating and in the pipeline.
As the new General Manager for The Ritz-Carlton, Melbourne, Harman will be responsible for enhancing the hotel’s operational and commercial performance. I am honoured to be leading this talented team on their next chapter, enhancing operational and commercial performance whilst creating memories for each and every guest.
” Established in 2013, the Ruby brand currently operates 20 hotels (3,483 rooms) in major cities across Europe and has another 10 pipeline hotels (2,235 rooms). The pipeline hotels are set to open over the next three years across more European cities including Edinburgh, Marseille, Rome and Stockholm.
The brand will be focused on the Americas region before scaling globally. Lean operating model: Designed for transient travelers, with efficient staffing models to reduce labor costs while maintaining service quality.
It also has 22 open and operating hotels that either are or will be undergoing a renovation or brand conversion. Atlanta, a popular destination for conventions and exhibitions in the southeast, leads all convention markets with 40 hotels in the renovation or conversion pipeline.
Veriu Collingwood is part of a mixed-use development with 95 studio apartments operating under the Veriu brand and 45 Built to Sell luxury residential apartments above us, which Tim Gurner has developed under the Atelier brand. Then there’s a couple of shops on either side of our lobby which are intended for hospitality operators.
This collaboration delivers a deeper integration between Cloudbeds Property Management System (PMS) and Sabres SynXis Central Reservation System (CRS), offering hotels and accommodation providers a seamless and efficient solution for managing distribution, reservations, and property operations.
Conversions represent a major growth opportunity for us, generating around 40% of first-half openings and signings globally, and we see an increasing desire from owners to quickly realize the benefits of IHG’s scale and strong enterprise. We’re delighted that more than 100 hotels have already expressed definitive interest in the new brand.”
Wyndham Hotels & Resorts has revealed the continued expansion of its ECHO Suites Extended Stay by Wyndham brand, which in just one year, now has more than 200 hotels in its development pipeline. The post Wyndham’s ECHO pipeline reaches 200+ hotels appeared first on hotelbusiness.com.
“We’ve also expanded into over 55 new countries while debuting our brands more than 100 times in countries where they’ve never been before, all while nurturing a record development pipeline of over 1,800 hotels, which continues to see positive growth. pipeline nearly 60% and its direct franchising pipeline in China by nearly 70%.
It’s the perfect choice for partners seeking a distinctive identity for their hotel, while benefiting from our global scale, systems, and expertise as the second largest Luxury and Lifestyle hotel operator in the world.”
billion in 2023, with the first quarter of 2024 seeing hotel construction pipeline at an all-time high and record-high levels seen in the luxury, upper upscale, and upscale segments. Currently, we have 58 hotels trading and 47 in the pipeline. Hotel investment volumes in the region this year are projected to reach US$10.4
Iberostar); global pipeline 297K rooms (2,016 hotels), +5.5% Combined with the power of our enterprise and efficient operating model, profit from reportable segments grew 23% and exceeded $1 billion for the first time, and adjusted EPS grew 33%. Combined with our scale and cost-base efficiencies, this will further expand fee margin.
“We already know the Group’s unique long-term lease model has proven attractive to developers seeking certainty of income and the ability to finance large scale developments more easily in the current market.
Canada’s hotel development pipeline is experiencing unprecedented growth, according to the latest data from Lodging Econometrics (LE) from Q3 2024. The total pipeline has reached an all-time high of 327 projects, equating to 40,799 rooms. PORTSMOUTH, N.H.
Key International , a real estate investment and development company, and Shaner Hotels , an international hotel owner, operator and developer, have opened the 156-suite SpringHill Suites by Marriott Jacksonville Beach Oceanfront in Florida. Shaner will operate the hotel, owned by Key International.
With Mews, BWH Hotels gains access to one of the most innovative hospitality technologies that boosts operational efficiencies and guest satisfaction. “The collaboration with Mews aligns with BWH’s dedication to delivering exceptional guest experiences.
In the newly created dual role, Svensson will take charge of operations at W Melbourne whilst also having oversight of all of Marriott’s luxury properties in Australia, including under the The Ritz-Carlton and W Hotel brands. Neerav Gorasia has been promoted to Director Hotel Performance for Pro-invest Hotels.
Hyatt’s pipeline of select-service brands is the fastest growing segment of Hyatt’s portfolio in the U.S., as it continues to lead the industry on a global scale with six years of industry leading net rooms growth, the company reports. In 2023, as part of the Hyatt Place and Hyatt House brands expansion in the U.S.,
With many developments in process—including several recently awarded projects and others in the pipeline—it’s the perfect time to bring Laura on board.” I really gained a passion for hotels in my previous design roles, and my operations experience at large-scale service firms will help improve the discipline of Garfield’s business operations.”
Expected to open in early 2024, the 57-room hotel will be operated in collaboration with Earth Suites & Resorts Private Limited – a hotel operator with properties in Amritsar, Goa and Raipur. There are approximately 30 additional hotels in the pipeline here.
on a scale of 1-10) likelihood to recommend others to work for HVMG, while its brand partners recorded a 98% likelihood to recommend HVMG as a franchisee and/or manager. 2023 outlook “We maintain a very active pipeline, with more than 10 hotels expected to transition in the coming months,” said Brian Young, EVP/chief investment officer.
“As our portfolio grew, so did the complexity of our operations, and that was making it more difficult to scale and adapt in an ever-evolving business landscape,” said Eric McCarthy-Zink, CFO, Hotel Equities. Hotel Equities has selected Oracle NetSuite to deliver a comprehensive enterprise resource planning (ERP) platform.
Three years later, the growing portfolio now includes more than 20 world-class hotels around the globe, with nearly 10 more hotels in its pipeline. Bashar Wali, founder/CEO, Practice Hospitality , the operator of the hotel, added, “The Mining Exchange has been a Colorado icon since 1902.
Meanwhile, the other six brands we have added since 2017 already contribute more than 10% of our pipeline, and our Luxury & Lifestyle portfolio is now 13% of our system size and 20% of our pipeline as we increase our exposure to higher fee income segments.” year-over-year (YOY); adjusted net system size growth of +4.3%
As only the third CEO in Aimbridge’s history, Smith is expected to leverage decades of deep operational experience and proven leadership with Marriott International to solidify Aimbridge’s position as the frontrunner in comprehensive, performance-backed hotel operations, the company reports. and broaden the company’s global footprint.
Ben’s strategic vision and dedication to excellence will continue to position Hospitality America as an industry leader among third-party operators.” He then held multiple GM positions until he was promoted to regional director of operations and then COO. People feel optimistic,” he said.
@HOME, the midscale extended-stay brand launched by BWH Hotels in October 2022, has built a strong pipeline with more than 25 new-build hotels. These properties are being developed at a time when the extended-stay segment continues to be the top-performing chain scale in the industry.
We spared no expense in equipping the center with features such as a lightning-fast fiber network and enhanced continuity measures to prevent interruptions to operations. It’s truly in a class of its own within this region.”
Ignore your pipeline. The pipeline is your lifeline. The pipeline will tell you a lot. Don’t ignore your pipeline. Share your concerns and ideas with Sales Operations and move on. What their doing, how many leads they have, how big their pipeline is, their territory, the leads they get from marketing etc.
Our pipeline remains robust, and we are on track to announce another new deal in the next few days.” To accommodate its growth and drive operational execution, Aperture added multiple corporate executives over the past year. Taylor Hall was named VP, operations. Christina Hollis was named regional director, operations.
Upon closer viewing, there is a play in scale –a seemingly oversized watering can and garden rake reveals that the greenhouses could also possibly be the scale of a tabletop terrarium. A wholly owned business unit of CapitaLand Investment Limited, Ascott is a leading vertically-integrated lodging operator.
Image credit: Virgin Hotels Since 2008, he was EVP operations for Montage International, where he oversaw all aspects of operations for the Montage and Pendry Hotel brand’s seven hotels and resorts. Leading this expansion is its dynamic, Dublin-born CEO James Bermingham. Regis in Houston and the Montage Laguna Beach in California.
“Their unique combination of skills and deep expertise in their respective markets, along with successful runs in franchise, brand and real estate development are invaluable assets that will help fuel Aimbridge’s continued growth on a global scale.” Latin America and the Caribbean. for the Real Estate Group.
“An important part of our evaluation was to identify a development team with a proven track record in developing and operating mixed-use and casino properties, a long history of revitalizing cities across the country, and strong community engagement practices.
This includes both historical and forward-looking, on-the-books data, allowing hoteliers to understand anticipated travel volumes and plan revenue, sales, marketing, and operational strategies accordingly.
The property, which has direct access to the beach, will be operated by Beach Retreats. The brand works with owners, second home owners and small scale developers to manage and market their properties on the coast. Beach Retreats will operate Sands Resort within the current hotel model until the changes are made.
For more than 20 years, Tao Group Hospitality has been in the entertainment and culinary industry operating more than 70 branded locations in over 20 markets worldwide. More than just culinary and nightlife, TAO is a lifestyle, and this large-scale venture provides the ultimate opportunity to bring that experience to life.”
Branded hotel development is another key global theme, with luxury and upper-upscale rooms expecting the strongest growth and midscale and economy pipelines relatively light. Many of the markets with the strongest pipelines are working to revamp/expand their tourism sectors.
Iberostar is a family-run business based in Palma de Mallorca, Spain, with more than 65 years of experience in the hospitality industry, a reputation for operating resorts in outstanding locations and a strong commitment to quality and sustainability, according to IHG. billion in 2019, equivalent to growth of more than 4% on IHG’s $27.9
30, the number of global rooms in the company’s targeted upper-midscale and upscale segments open and in the development pipeline increased by more than 73,000 as a result of the acquisition. The company’s total domestic pipeline as of Sept. The company’s extended-stay domestic pipeline reached 468 hotels as of Sept.
Over time, this provides hoteliers with enough information to understand customer behaviour trends as well as operational and sales opportunities. Hotel rooms, communal spaces, and entire neighbourhoods and cities could be designed, built and operated with purpose. TV inspired travel .
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