Colin Tessier - 10 Minutes News for Hoteliers - Page 2

1 min

HREC Facilitates Sale of Hampton Inn Denver-International Airport

🏠 HREC Investment Advisors arranged the sale of the 122-room Hampton Inn Denver-International Airport, Denver, Colorado, to Denver Airport Lodging, LLC, an affiliate of Colorado Hospitality Services, Inc. They own five hotels and 22 properties in Denver. Denver International Airport saw 77.8 million passengers in 2023, a 12.3% increase. By October 2024, 69.2 million passengers marked a 6.7% rise. The airport generated over $36.4 billion for Colorado's economy last year.

5 min

Reeco Scales AI-Powered Procure-to-Pay Platform With Strategic Integrations

📈 Reeco, an AI-driven procure-to-pay platform, secured $15 million in Series A funding in January 2025 to fuel growth. By integrating with Vision Hospitality Group's 42 hotels and Level5 Hospitality, Reeco offers a unique AI marketplace, streamlining procurement akin to Amazon shopping. They partner with M3 for direct accounting integration. With a robust hotel pipeline, Reeco plans to expand its Miami office, adding staff weekly as they aim to scale further into 2026.

4 min

My Place Hotels’ Growth Is Founded on Strong Franchisee Relationships

🏨 In 2025, My Place Hotels of America expanded by opening its largest hotel in Las Vegas and its debut in Arkansas. The company plans a 15% growth by year-end, surpassing 100 franchises. Founders emphasize franchisee relationships and balance in hotel offerings. The company’s approach includes direct communication with franchisees, aiming for innovation in the evolving extended-stay market. Feedback and simplicity are integral to My Place’s adaptive design, enhancing its dynamic revenue model amid increased competition.

3 min

Tru by Hilton Leader Reflects on the Brand’s Growth

📍 Since 2016, Tru by Hilton has expanded to over 300 hotels globally, with recent openings in Vietnam, Chile, and Colombia. Brand Leader Andrew Harp highlighted a refreshed prototype introduced in May and revealed another 300 hotels are in the pipeline. Known for its unique circular front desk design, Tru emphasizes personal service. Harp praised the brand’s team for high customer satisfaction, noting Tru’s momentum is stronger than ever, promising continued expansion worldwide.

6 min

IDeaS Uses AI to Take Revenue Management to the Next Level

📈 In 2025, at HITEC, IDeaS Revenue Solutions highlighted AI's role in hospitality, noting its use in their revenue management software for 35 years. Their new IDeaS Spotlight tool, launched in July, aids marketers by optimizing ad spend using AI, reducing system setup time from three days to hours, and helping hotels efficiently plan campaigns. The tool aims to integrate with existing marketing systems for enhanced data sharing and actionability.

3 min

E20X Pitch Competition Showcases Innovation in Hospitality at HITEC 2025

🏛 E20X HITEC 2025 in Indianapolis celebrated its 10th anniversary. Eight start-ups vied for the Judge’s Choice Award and People's Choice Award, both won by Levee. Levee, co-founded by Al Lagunas, showcased an AI housekeeping assistant enhancing inspection efficiency and accuracy, winning a $5,000 prize. Other notable pitches included Albie by TAG, Bookboost's CRM, Ediphi’s AI trainer, and SEE Carbon ZERO's sustainability platform. The event provided exposure and mentorship to all participants.

3 min

Revenue Analytics’ N2Pricing Commercial Suite Highlights Evolving Power of AI

💻 HITEC 2025 features AI in revenue management, highlighting the N2Pricing Commercial Suite by Revenue Analytics. 🚀 Launched in 2025, it enhances data insights and time management for hotel revenue managers. As per Tess McGoldrick, the suite integrates AI, promoting critical thinking rather than full automation. The development focused on addressing common questions in revenue management, with future plans hinging on user feedback and incorporating new data sources. AI's role in evolving this sector remains a focus.

4 min

How AI Is Elevating, Not Replacing, Hospitality’s Human Touch

🏠 HITEC 2025, Indiana Convention Center, highlights AI in hospitality. Panelists John D. Burns, Seth Bolt, Martin Chevalley, and Mike Coscetta discussed AI's potential to enhance guest experience and profitability. AI tracks guest preferences, streamlines check-in, and boosts upselling, increasing revenue per room by 40-50% and guest satisfaction by 25%. AI aids staff by automating tasks, improving scheduling, and fostering better guest service, aligning technology with hospitality.

3 min

Charlestowne Helps Hotels Preserve Authenticity Through the Boutique Hotel Experience

🏨 Charlestowne Hotels was founded in 1980 and manages over 60 hotels across the U.S. Its strategy focuses on local partnerships, design elements reflecting regional heritage, and personalized branding. Chief Marketing Officer Michael Cady highlighted collaborations with local businesses to enhance guest experiences and support local economies, especially in secondary cities. With 40 years of expertise, Charlestowne foresees growth in less-traditional destinations, prioritizing authentic, immersive experiences for travelers seeking freedom and fewer crowds.

3 min

Wyndham CEO Highlights Past Success During Downturns Amid Economic Uncertainty

📈 Economic uncertainty looms, but Wyndham Hotels & Resorts reported a 13% increase in global hotel openings and 181 development contracts in Q1. At the Wyndham Global Conference in Las Vegas, CEO Geoff Ballotti highlighted initiatives to mitigate tariff impacts through onshoring and cost-sharing with suppliers. Echo Suites, with 275 contracts and 16 projects underway, exemplifies growth. Despite recession concerns, Wyndham's historic performance during downturns boosts optimism. Labor costs, notably in Texas, have decreased, enhancing construction viability.

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