LODGING Staff - 10 Minutes News for Hoteliers - Page 157

1 min

Sonesta Hotel Houston IAH Airport Opens

🏨 Sonesta International Hotels Corporation opened Sonesta Hotel Houston IAH Airport, a 335-room upscale property, in 2024 near Houston Zoo, Toyota Center, and George Bush Intercontinental Airport. This marks the fifth Sonesta hotel launched in Houston in 2024, contributing to the company's portfolio of over 50 properties in the area. The hotel, owned by Veritas International Capital, offers an onsite restaurant, event spaces, airport shuttle service, and an outdoor swimming pool.

2 min

Raines to Introduce Lodging Market to York, South Carolina

🌆 In partnership with the City of York, South Carolina, Raines is facilitating economic development downtown, introducing a lodging market to boost growth, jobs, and tourism. York’s first hotel, a 97-room Hampton Inn & Suites, will be on South Congress Street in the historic district, designed to match the area's architecture, featuring expanded meeting spaces. Managed by Raines and owned by York Hotel Group, LLC, the opening is slated between late 2025 and early 2026.

1 min

JLL Secures Financing for Five Full-Service Hotels Totaling 1,140 Keys

📍 JLL’s Hotels & Hospitality Group secured $153 million for five full-service hotel properties with 1,140 keys in California, Arizona, Colorado, and Georgia. Properties, acquired between 2016-2018 and renovated from 2018-2020, cater to corporate and leisure travel, benefitting from diverse local demand drivers. The deal, arranged for a three-year, floating-rate loan, aims to season cash flow and features cross-country diversification. Mike Huth and Shalin Patel from JLL led the transaction.

2 min

AHLA Releases Statement About HOTEL Act

🔒 In Washington, the American Hotel & Lodging Association (AHLA) supports the HOTEL Act introduced by Reps. Chris Smith and Raja Krishnamoorthi, aiming to encourage federal workers to book hotels with anti-trafficking programs. The legislation requires hotel training developed with state governments or recognized trafficking experts. Since 2019, over 1.8 million hotel employees have undergone AHLA's No Room for Trafficking (NRFT) training. Additionally, AHLA's Survivor Fund, established in 2022, has raised $3.7 million, with a matching commitment by AHLA Foundation up to $5 million towards a $10 million goal.

1 min

CoStar: U.S. Hotel Industry Reports Negative Year-Over-Year Performance

🏨 U.S. hotel industry experienced declines in occupancy (66.6%, down 1.7%) and RevPAR ($107.86, down 1.4%), with a slight increase in ADR ($162.05, up 0.2%) from September 8-14, 2024, compared to 2023. San Diego had the highest occupancy increase (up 10.5% to 79.9%), while Chicago saw the largest ADR increase (up 15.5% to $216.57). San Francisco faced the biggest RevPAR drop (down 37.2% to $171.26), influenced by the previous year's Dreamforce event.

2 min

Extended Stay America Refreshes STAY Counted Program

💷 Extended Stay America relaunches STAY Counted program for the November 2024 presidential election, aiming to facilitate voter registration for guests and associates at its 700+ hotels nationwide. The initiative provides virtual voter registration centers, online resources, and stamped envelopes for mail-in registration where required. Daily, the program could impact over 62,000 individuals connected to the hotel's network. President and CEO Greg Juceam emphasizes the company's role in promoting active civic participation.

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.

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