LODGING Staff - 10 Minutes News for Hoteliers - Page 144

2 min

Peachtree Group Acquires AC Hotel by Marriott in Park City, Utah

📌 Peachtree Group acquired its sixth hotel of the year, the AC Hotel by Marriott in Park City, Utah, amidst a transaction slowdown due to high interest rates and economic challenges. The company has bought 789 rooms across six hotels, including brands like Hilton and Marriott, expanding its management portfolio to 93 hotels with 11,837 rooms across 27 brands in 26 states. Key acquisitions also include properties in Florida, New Jersey, Virginia, Georgia, and Colorado. Peachtree anticipates increased market activity into 2025 and capitalizes on opportunities due to the narrowing bid-ask gap.

2 min

New Castle Hotels & Resorts Reopens LaSalle Hotel

🏦 Jeremy and Julian Buffam of New Castle Hotels & Resorts announced the reopening of the 55-room LaSalle Hotel in Bryan, Texas, following a multi-million dollar renovation. Originally built in 1928, the LaSalle is now part of the Marriott Tribute Portfolio. The railroad-themed renovation includes a lobby-level restaurant, Station 36, an outdoor event space, The Platform, and the Boiler Room speakeasy. The aim is to provide guests with an authentic experience that resonates with Bryan's historical significance and its status as a Texas Cultural District.

2 min

Women Hoteliers Gather at 2024 HerOwnership Conference by AAHOA

📈 In 2024, the 3rd annual HerOwnership Conference by AAHOA took place in Redondo Beach, California, gathering 300 attendees. Women hoteliers, making up 40% of AAHOA's membership, celebrated the organization's 35th anniversary, focusing on executive presence, hotel ownership, and wellness. Keynote speakers included Neeti Dewan and Raji Brar, covering personal growth and political engagement. Breakout sessions, masterclasses, networking, and receptions featured during the two-day event, with future regional events planned.

2 min

Hyatt Selects Oracle OPERA Cloud as Portfolio’s PMS

🏢 Hyatt integrates Oracle OPERA Cloud as its PMS for over 1,000 hotels globally, enhancing data management and operational efficiency. Cameron Hammond, Hyatt's Senior VP of Global Field Technology Services, emphasizes the role of technology in improving guest experiences. Oracle Cloud Infrastructure underpins OPERA Cloud, offering data centralization and mobile flexibility for staff. The Oracle Hospitality Integration Platform allows properties to add new capabilities from a pool of over 1,000 services.

2 min

BWH Hotels China Names Harry Dong President and CEO

📆 BWH Hotels appointed Harry Dong as President and CEO for China (including Hong Kong, Macau, Taiwan), Mongolia, and Nepal, following a 16-year tenure with the company, previously serving in procurement, quality analysis, and project development. He succeeds his father, William Dong. Harry will oversee 10 hotels in the region and future property development, leveraging BWH’s 19 brands and global distribution, loyalty programs, and quality assurance.

2 min

Extended Stay America Premier Suites – Harrisonburg Opens

🏡 Extended Stay America Premier Suites – Harrisonburg in Rockingham, Virginia, opens, offering 92 rooms with amenities like WiFi, breakfast, a fitness room, and pet facilities. Managed by KARA Hospitality, it's their third newly constructed property, with another in Charlottesville expected by 2025. The hotel, catering to extended stay guests, is strategically located near Sentara RMH Medical Center, James Madison University, and other landmarks. Mark Williams and Mitesh Amin express confidence in the property's future success.

2 min

The Ann Savannah Joins Sage Hospitality Group

🏡 In Denver, Colorado, Sage Hospitality Group and Tidal Real Estate Partners revealed The Ann Savannah will join Sage's portfolio, converting to the Apartments by Marriott Bonvoy brand by early 2025. Offering 157 serviced apartments, the property located on Ann Street in downtown Savannah, previously Ann Street Lofts, will cater to business and leisure travelers with amenities like pet-friendly living spaces, full kitchens, and washers/dryers. The partnership aims to infuse local Savannah culture into the guest experience.

2 min

SiteMinder Creates Dynamic Revenue Plus With IDeaS Pricing Recommendations

💲 In Minneapolis, Minnesota, SiteMinder launched Dynamic Revenue Plus, a new revenue optimization solution that utilizes live market intelligence for hotels' inventory, pricing, and distribution strategy. It draws on data from 120 million annual hotel reservations and will soon incorporate pricing recommendations from IDeaS. Designed to be accessible for any hotel, it enables mobile and desktop management of room rates, stay lengths, inventory, and promotions. Initially available in Australia and New Zealand, with a global rollout planned for 2025, it aligns with SiteMinder's Smart Platform strategy amid the rebound of international travel and events. Dynamic Revenue Plus allows for quick adjustments in response to market demand, aiming to replace outdated manual practices and democratize revenue management.

2 min

Super 8 by Wyndham Releases INNOV8TE 2.0 Design Package

📌 In Parsippany, New Jersey, Super 8 by Wyndham introduces the INNOV8TE 2.0 design package, available across the US and Canada, as part of its 50th anniversary. Mike Mueller, president of Super 8, emphasizes the brand's innovation and owner-centric approach. The upgrade features new color schemes, furniture, bedding, and flooring, aiming to enhance guest experience and operational efficiency. Options allow for full room upgrades or gradual improvements, with support through Wyndham’s Manufacturer Direct program or traditional renovation. Unveiled in September 2023 at Wyndham’s Global Conference in Anaheim, California, INNOV8TE 2.0 is now accessible to owners.

2 min

Thayer Ventures and Derive Ventures Form New Investment Platform

📈 Thayer Ventures and Derive Ventures form Thayer Investment Partners (TIP) in San Francisco. Chris Hemmeter, Tyler Carrico, and Mike Scott lead as managing partners, leveraging experience in hospitality start-ups. TIP to launch a new fund soon, building on Thayer Ventures' foundation since 2009 and Derive's 2022 inception, aiming to innovate in travel tech and boost industry efficiency. Lee Pillsbury, Thayer Lodging Group founder sold to Brookfield in 2014, continues as Thayer Ventures Funds managing director.

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