LODGING Staff - 10 Minutes News for Hoteliers - Page 119

1 min

Poco Diablo Resort Names CoralTree Hospitality as Manager

🏖️ CoralTree Hospitality, led by President Tom Luersen, now manages Poco Diablo Resort in Sedona, Arizona, which offers 137 rooms and over 8,500 square feet of indoor meeting space. The resort, set among red rock formations, includes amenities such as a heated pool, tennis, and pickleball courts, and a spa. Soon to transform and rebrand as Outbound Sedona, it will join the Outbound Hotels collection, which includes Outbound Mammoth in California.

1 min

Extreme Hospitality Names Ryan M. Alpert Chief Commercial Officer

📌 Ryan M. Alpert joined Extreme Hospitality as chief commercial officer, bringing 25 years of hospitality experience. Alpert has held several senior roles, including executive VP of commercial strategy and senior VP of sales and revenue strategy. Eric Rubino, principal of Extreme Hospitality, commends Alpert's strategic vision and proven track record. Alpert is also co-founder and president of the KRW Foundation, aiding youth and community in Northeastern Pennsylvania.

2 min

The Radical Reopens Following Recovery From Hurricane Helene

🏙 The Radical, a boutique hotel and art installation in Asheville, North Carolina, reopened after Hurricane Helene damage; originally opened October 2023 with 70 rooms. Partnered with RADA, Explore Asheville, and Ponce City Market for a pop-up gallery in Atlanta. Golden Hour restaurant, The Roof bar, and after/glow cafe to reopen soon; involved in community support during recovery.

1 min

Coury Hospitality Promotes Andrew Casperson to President

🏩 Andrew Casperson promoted to president of Coury Hospitality in Dallas, Texas. Previously COO, Casperson joined Coury in spring 2023, driving growth and operational efficiency. Under his leadership, Coury saw improved guest satisfaction and financial performance. The promotion will further impact the travel industry with a focus on reimagining guest experiences and operational standards in lifestyle hotels. Concert Hospitality also falls under Casperson's leadership, expanding the company's influence.

3 min

Choice Hotels Introduces New Visual Identities for Three Radisson Hotels Americas Brands

🏨 Choice Hotels International introduced new logos for Radisson brands after acquiring them in 2022. In 2024, Radisson, Radisson Blu, and Radisson Individuals will be repositioned to attract upscale guests and investors. New food and beverage concepts and Scandinavian-inspired designs are set for Radisson Blu, starting in Grenada. The Radisson brand, founded 115 years ago in the U.S., updates its logo referencing original signage. Radisson Blu's minimalist logo reflects its 1960 SAS Hotel heritage in Denmark. Radisson Individuals logo emphasizes boutique characteristics. Signage updates begin with Radisson Hotel El Paso Airport and Radisson Blu Fargo. $15 million renovation is allocated for Radisson Blu Mall of America, and Radisson properties are set to open in Puebla, Playa Caracol, and San Luis Potosí.

1 min

FOH Worldwide Acquires Smart Buffet Ware

🍴 FOH Worldwide acquired Smart Buffet Ware, established 2009 by David Moreland, enhancing FOH's buffet category and securing a global distribution deal with Tiger Company LTD. This acquisition adds green battery technology, eco-friendly induction systems, 18/10 stainless steel chafing dishes, hot and cold beverage dispensers, carving stations, and multi-purpose trolleys to FOH's product portfolio, aiming to redefine buffet service with smarter, greener solutions for the hospitality industry.

3 min

A Banner Year: AHLA Advocacy Yields Impactful Results for Hoteliers in 2024

🔔 In 2024, the American Hotel & Lodging Association (AHLA) showcased significant advocacy victories at federal and state levels. AHLA challenged the National Labor Relations Board's joint-employer rule, contested the Department of Labor's overtime rule slated for 2025, and lobbied for increased federal employee per diem rates, resulting in an $86 million benefit. Additionally, the AHLA secured authorization for double the H-2B visas for FY 2024 and facilitated the HOTEL ACT to prevent human trafficking. They also expanded global alliances and increased their political program by nearly 40%. Looking ahead to 2025, AHLA aims to extend the Tax Cuts and Jobs Act, grow the hotel workforce, and ensure hotel fee transparency.

2 min

Access Point Financial Completes Record Year in Hotel Financing

🏨 Access Point Financial (APF), based in Atlanta, Georgia, surpassed $2 billion in hotel financing in 2024, a record-breaking year. APF's transactions comprised $0.5 billion in bridge and mezzanine loans, and $1.6 billion in SASB hotel originations through HRR/G/H bond classes for CMBS refinancings. APF funded or partnered in financing 110 hotels totaling $2.1 billion. Key deals include a $53 million Marriott portfolio in the Mid-Atlantic, a $44 million Hilton portfolio in Florida, and more. APF is set to continue its growth trajectory into 2025.

1 min

CoStar: U.S. Hotel Industry Closes December With Negative Yearly Comparisons

🏨 In the week of December 22-28, 2024, the U.S. hotel industry saw occupancy fall by 4.9% to 47.7%, ADR drop by 1.7% to $160.96, and RevPAR decline by 6.5% to $76.83 year-over-year. Tampa experienced a surge with occupancy up 16.3% and RevPAR increasing by 22.6% to $124.36. Houston had the largest ADR increase of 5.6% reaching $97.82. Conversely, Nashville and Atlanta faced the sharpest RevPAR decreases of 35.6% ($51.68) and 21.7% ($40.05), respectively.

1 min

Courtyard by Marriott San Mateo Foster City Completes Renovation

🏢 Courtyard by Marriott San Mateo Foster City, owned by Clarion Partners and managed by Marriott International, Inc., completes renovation of 147 rooms including guestrooms, meeting spaces, and fitness center. Located between San Francisco and San Jose, 9 miles from San Francisco International Airport, the hotel features revamped rooms with new furniture, fixtures, soft goods, and in-room entertainment technology. Amenities include a 24/7 fitness center, 1,728 square feet of event space, Bistro restaurant, and a courtyard with a fire pit.

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