HOTELSMag.com - 10 Minutes News for Hoteliers - Page 50

7 min

People on the Move: JLL, First Hospitality, PM Hotel Group, Hilton, McNeil Hotel Company, The St. Regis Chicago, Remington Hospitality

💸 Anny Zhang appointed CEO of JLL China, effective September, based in Shanghai. Joined JLL in 2007, promoted to managing director for East China in 2021 and China Leasing business head in 2023. Roger Baker transitions from CFO to Chief Investment Officer and Advisor at First Hospitality after 40 years in real estate, 16 with the company. Matt Schuster new CFO, previously with Club Quarters Hotels for over 5 years. Paul Sacco joins PM Hotel Group as Chief Growth and Development Officer, bringing 30+ years of hospitality experience; previously with Mint House and Driftwood Capital. Phil Cordell of Hilton to retire as Global Category Head of Lifestyle and New Brands after 40 years, transitioning to advisor role in July; Kevin Osterhaus to succeed him. Marci Jacobs becomes VP of Sales and Revenue Generation at McNeil Hotel Company, with 25+ years in the industry. Stacy Royalty promoted to Regional VP of Operations at McKibbon Hospitality. Walter Peseski named Senior VP, Asset Management at Garfield Public/Private LLC. The St. Regis Chicago hires Erik Grazetti as Director of Sales and Marketing. Hotel Equities promotes Jack Meakin to VP of Business Development, Alexis Stevens to Director of Talent Development, and Brody Aarhaus to Regional Director of Business Development. Waldorf Astoria Washington D.C. appoints Tiffany Rioux as Director of Sales and Marketing, Nisha Patel

2 min

Coury Holdings launches new brand for full, select-service hotels

🏨 Coury Holdings introduces Concert Hospitality, targeting full-service and select-service hotels for personalized experiences and operational efficiency. The new entity starts with an initial portfolio of four hotels, including Marriott Westlake in Dallas/Fort Worth, and aims for 10-12 properties by year-end. Chris Charbonnet leads as regional vice president of operations, leveraging over 20 years of industry experience. Concert Hospitality will work closely with strategic partner NewcrestImage for expanding its branded and independent hotel portfolio.

3 min

Briefs: Dusit Thani Bangkok’s upcoming reopening; Small Luxury Hotels forays into India

🏦 Dusit Thani Bangkok, a Dusit International hotel, reopens on September 27 after a full rebuild, now featuring 257 rooms, down from 517. The hotel, designed by Andre Fu Studio and Architects 49 Ltd., includes 10 restaurants and bars, a sky lobby, spa, and over 5,000 square meters of meeting space. Small Luxury Hotels enters India via The MRS Group, adding three hotels. IHG expands in Spain with four new hotels, totaling over 500 rooms, set to open by spring 2026. Crescent Hotels & Resorts to manage Virginia's first JW Marriott, opening in 2025 with 243 rooms and 94 condos. Bob W expands into Austria with a 67-unit Vienna property, opening in 2025.

2 min

Auberge Resorts Collection to operate London’s Cambridge House

🏦 Auberge Resorts Collection will manage the luxury Cambridge House in London, set to open in late 2025 at 94 Piccadilly. Reuben Brothers are investing £1 billion ($1.3 billion) in the project, as part of the Piccadilly Estate regeneration, which includes One Carrington and Shepherd Market. Cambridge House will feature 102 rooms, a private members’ club, a spa with hydrotherapy facilities, two pools, seven treatment rooms, and a ballroom. Jean-Louis Deniot and Laura Gonzalez are responsible for the design of the hotel and club respectively.

Auberge Resorts Collection to operate London’s Cambridge House

🏦 Reuben Brothers have appointed Auberge Resorts Collection to manage Cambridge House, targeting a late 2025 opening at 94 Piccadilly, London. This Grade 1-listed building, as part of a £1 billion regeneration of Piccadilly Estate, will offer 102 rooms, a private members' club, and various amenities like a double-level spa and event spaces. The hotel is part of Auberge Resorts Collection's European expansion, adding to properties in France, Greece, Italy, and upcoming locations in the U.S.

2 min

Briefs: Kimpton’s boutique hotel in Budapest; Meliá expands Southeast Asian portfolio

🏦 Kimpton Hotels & Restaurants opened Kimpton BEM Budapest, a 127-room boutique hotel, in Budapest's Buda side near the Castle District. Meliá Hotels International introduced Meliá Pattaya City (234 rooms) and Paradisus Jomtien Resort (698 rooms) in Thailand, expanding its local portfolio to six. Smith Hill Capital and Bain Capital provided a $72 million refinancing for the 208-room Hotel Viking in Newport, R.I. Crescent Hotels & Resorts will manage Virginia's first JW Marriott at Reston Station, opening in 2025 with 243 rooms and 94 luxury condos.

2 min

Briefs: Kimpton’s boutique hotel in Budapest; Meliá expands Southeast Asian portfolio

🏡 Kimpton Hotels & Restaurants opened Kimpton BEM Budapest, a 127-room boutique hotel, alongside the Danube River in Budapest's Buda side near the Castle District. In Thailand, Meliá Hotels International is expanding with Meliá Pattaya City, a 234-room hotel set to reopen in December, and Paradisus Jomtien Resort, a 698-room property with a 43-floor tower, opening in 2028. Smith Hill Capital and Bain Capital Special Situations provided a $72 million loan to refinance Hotel Viking, a 208-room property in Newport, R.I. Crescent Hotels & Resorts will manage Virginia's first JW Marriott hotel, a 243-room property with 94 JW Marriott-branded condos above, opening in Reston in 2025.

6 min

Great expectations: The why, when, how and with what of entering a new hotel market

🏨 Aqua-Aston Hospitality, founded in 1948 with 25 properties in Hawaii, expands into Tempe, Arizona, with dual-branded Fairfield Inn & Suites and TownePlace Suites. Hotel Equities enters U.S. Virgin Islands with a new Hampton by Hilton, the first development there in 30+ years. Hyatt introduces Hyatt Studios in the upper-midscale, extended-stay category. Hilton enters five new markets, including Bermuda and Paraguay. Coury Hospitality's Vin hotels launch in Grapevine, Texas, and Rogers, Ark. Hotel Equities grew from two to over 40 hotels in Canada since 2018, with a plan for similar expansion in the Caribbean and Latin America.

6 min

Great expectations: The why, when, how and with what of entering a new hotel market

📢 Aqua-Aston Hospitality, established in Hawaii since 1948 with 25 properties, expanded to Tempe, Arizona, opening a dual-branded Fairfield Inn & Suites and TownePlace Suites. Hotel Equities, based in Atlanta, recently took on a new Hampton by Hilton hotel in St. Thomas, U.S. Virgin Islands, marking the first development there in over 30 years. Hilton entered five new markets including Bermuda and Nepal. Key factors for entering new markets include demand, area renaissance, and historical performance. Aqua-Aston Hospitality's managing director Andrea Mue emphasizes targeting locations with growth potential. Hotel Equities only commits to new markets after extensive research, exemplified by over a year of study before expanding into Canada and the Caribbean/Latin America. Marriott International, Hyatt Hotels, and Coury Hospitality also employ strategic analyses for expansion, focusing on guest demand, infrastructure, and differentiating their brand in the market.

3 min

Hotel loyalty programs driving occupancy growth: CBRE

🏨 U.S. RevPAR declined by 2.1% YOY in Q1, with some hotel C-corporations seeing a decrease of up to 5%. CBRE's study on U.S. hotel loyalty programs—Choice, Hilton, Hyatt, Marriott, Wyndham—found loyalty member occupancy contribution surged despite a lower per-member contribution. Average loyalty members per room increased to 128 in 2023 from 120. Loyalty member contribution to occupancy rose by 2.5 percentage points to 51%, and the balance sheet liabilities for loyalty points grew by 9.3%. However, average liability per member decreased by 1.7% YOY to $18.86. Room nights per member returned to 1.1, the pre-pandemic level, in 2023. Loyalty point redemption revenues jumped by 11% to $1.1 billion. Loyalty point expenses on P&L statements rose by 14.3% in 2023, surpassing room revenue growth of 8.3% and total revenue growth of 9.4%.

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