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HOTELSMag.com

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  • 4 min

People on the Move: Dalata Hotel Group, Hotel Granada, Langham Hospitality Group, Four Seasons, Pendry

👨️ Kathrin Jung-Reinhard appointed head of development strategy – Northern Europe for Dalata Hotel Group, based in Frankfurt. Hotel Granada announces new executive team, including Alfonce McKinney as GM, ahead of August opening. Jack Xiao joins Langham Hospitality Group as SVP operations in China. Luciano Sperduto becomes director of food and beverage at Caribe Royale Orlando Resort. Haytham Said named GM of Four Seasons Hotel Miami; Dena Roady as area VP and GM of Manchester Grand Hyatt San Diego. Derek Lescrinier appointed GM of Pendry Natirar, opening fall. James Miller takes over as GM of Goldener Hirsch, Auberge Resort Collection. Bob LaCasse becomes GM of Sandestin Golf and Beach Resort. Leslie Well appointed GM of DUA Miami, Autograph Collection.
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  • 2 min

Hudson’s Pocketbook Factory secures financing for transformation into hotel, wellness project

🏡 Bayview PACE allocated $7 million in C-PACE financing for Pocketbook Factory's transformation in Hudson, N.Y., into Pocketbook Hudson, a $42 million, 70,000-square-foot mixed-use development featuring a 40-room hotel, wellness center, restaurant, bar, and café. The project, returning the market to 2020 levels, will add rooms increasing Hudson's market count by 10%. The historic property, purchased for $3 million in 2021, also utilized $8.96 million in historic tax credit financing and $13 million in EB-5 debt. C-PACE funds in the U.S. have surpassed $7 billion.
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  • 2 min

World of Hyatt partners with Under Canvas

🏕️ World of Hyatt and Under Canvas announce alliance, offering Hyatt members access to 13 outdoor resorts including ULUM Moab, launched in 2023. Luxury accommodations across U.S. locations like Yellowstone, Great Smoky Mountains, and Acadia, with Yosemite opening May 2025. Camps feature tents, activities, and eco-friendly amenities. Five Utah and Arizona camps are DarkSky-certified. Hyatt's portfolio, including over 700 Mr & Mrs Smith hotels, is expanding with more to be bookable by year's end.
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  • 3 min

New bill seeks NYC hotels to obtain license to operate

🏨 Councilwoman Julie Menin introduced a bill to the New York City Council mandating hotels to obtain a yearly operating license for $200 from the Department of Consumer and Worker Production. The bill requires hotels to maintain room cleanliness, provide front desk and security coverage for large hotels, and employ core employees directly. Violators face penalties. Menin postponed a bill hearing scheduled for Tuesday, July 28, 2024. The legislation is supported by the Hotel Trades Union but opposed by hotel associations, who argue it will increase costs and regulatory burdens. Hotel room rates in NYC increased by 8.5% to $301.61 on average in 2023 after a ban on short-term rentals and the conversion of over 130 hotels into migrant shelters.
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  • 2 min

Briefs: Four Seasons expands residences portfolio; Viceroy resort in Portugal

🏛 Four Seasons Resort Nevis is expanding with 58 new luxury homes by 2025, featuring one- to three-bedroom units, designed by 79 Design and Plan Studios, and interiors by Ward & Co. Viceroy at Ombria Algarve opens October 1 in Portugal with 141 rooms and residences on 5.2 hectares. 1 Hotel Central Park was sold to Host Hotels & Resorts for $233.8 million by Starwood Capital Group. InterContinental Bellevue at the Avenue opened, marking the brand's first property in the Pacific Northwest with a $1 billion development, 208 rooms including 18 suites.
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  • 5 min

Leaning into AI can be scary, but it’s worth it for the hotel industry. Here’s why.

🏨 Remington Hospitality adopted AI 6 years ago to enhance productivity and optimize data analysis, affecting the bottom line for internal and external stakeholders. AI applications in the hospitality industry include predictive analytics for guest preferences, sales data analysis for product offerings, and potentially, future roles in digital marketing and housekeeping operations. Barriers such as the need for human oversight and the inability to detect tone or nuance in communication emphasize the balance between AI benefits and maintaining human interaction. The industry is poised to continue integrating AI to improve guest experiences while preserving the essence of hospitality.
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  • 2 min

Briefs: Barcelona’s Casa Lit hotel changes hands; Hampton by Hilton signs in London Heathrow

🏠 Stoneweg and Bain Capital sold Casa Lit Barcelona hotel, located 400m from Las Ramblas, to Gargallo Hotel Group. The 89-key luxury hotel built in 2010 was managed by Stoneweg since 2022 after renovation. CBRE was the sale's intermediary; Cuatrecasas and Deloitte were legal and financial advisors, respectively. Hampton by Hilton signed with Acre Hotels for a 157-room hotel at London Heathrow. Valencia Hotel Group completed its biggest equity raise and bought two hotels in Texas. Springboard Hospitality rebranded Ascent on Main as The Parker Hotel, with renovations and new amenities in Parker, Colo.
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  • 2 min

Accor achieves medium-term projections with robust H1 performance

🏨 Accor's H1 2020 revenue increased by 11% to €2,677 million ($2,903.05 million), with RevPAR up by 6%. Premium, midscale, and economy division grew 4% to €1,473 million ($1,597.38 million), while luxury and lifestyle surged 22% to €1,243 million ($1,347.96 million). Potel & Chabot takeover contributed €117 million ($126.87 million) to the latter. Group EBITDA rose 13% to €504 million ($546.55 million) despite currency impacts. Accor opened 146 hotels, totaling 24,000 rooms, and expects 2024 RevPAR growth of 4-5% and EBITDA between €1,095 million ($1,187.46 million) and €1,125 million ($1,220 million).
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