LODGING Staff - 10 Minutes News for Hoteliers - Page 162

1 min

Roger Baker Transitions to CIO and Advisor of First Hospitality

💰 CHICAGO, Illinois—Roger Baker transitions from CFO to CIO and advisor at First Hospitality, after 40 years in real estate and 16 years on the executive team. Matt Schuster succeeds as CFO in April, previously holding leadership roles at Club Quarters Hotels for over five years. Baker will focus on capital formation transactions and management, while Schuster leads financial services and long-term strategic execution.

1 min

Hilton Veteran Cordell Retires Following 40-Year Career

📈 After 40 years at Hilton, Phil Cordell retires, transitioning to an advisor role in July. He started as a bellman in high school and became the general manager of the second Hampton Hotel in 1983. Cordell led the growth of Hampton by Hilton, which expanded to over 2,300 hotels in 29 countries. He also played a key role in developing Hilton brands like Hilton Garden Inn, Embassy Suites, and Homewood Suites. Cordell launched new brands like Home2 Suites, Tru, Motto, Tempo, and Spark, with Spark being Hilton's fastest announcement-to-market brand.

1 min

JLL Arranges Sale of Home2 Suites by Hilton North Scottsdale

📌 In Washington, D.C., JLL Hotels & Hospitality Group announced the sale and financing of the Home2 Suites by Hilton North Scottsdale, a 130-room hotel, in December 2022. Located in Scottsdale, Arizona, the hotel offers amenities such as a fitness center, outdoor pool, 500 square feet of meeting space, and is near Grayhawk Golf Club and Scottsdale Airport SCF. JLL managed the sale and loan acquisition, with teams led by Ketan Patel and Melvin Chu for Investment Sales and Advisory, and Adrienne Andrews for Debt Advisory.

3 min

Marriott International Releases 2024 Serve 360 Report

🛡 Marriott International released its 2024 Serve 360 Report, reflecting 2023 data. Key ESG initiatives include verified emissions reduction targets with SBTi (April 2024), a global Climate Action Program, and the installation of over 7,100 EV chargers at more than 1,800 properties. In 2023, Marriott associates volunteered over 3.1 million hours globally and committed to hiring 3,000 refugees by 2026. The company also blocked websites with child sexual abuse material across nearly 5,000 properties in North America and raised $970,000 in the UAE for children's vitality, among other regional achievements.

2 min

AHLA Makes Statement About Human Trafficking Awareness Training Recognition Act

🚨 The Human Trafficking Awareness Training Recognition Act, introduced in Washington by Reps. Valadao and Carter, mandates DHS to certify businesses training employees to combat human trafficking. Since 2019, the No Room for Trafficking (NRFT) initiative enabled 1.6 million training sessions. AHLA Foundation's Survivor Fund, created in 2022, raised $3.7 million, with a match up to $5 million, aiming for a $10 million total.

1 min

CoStar: Fourth of July Holiday Contributes to Lower U.S. Hotel Performance

🌆 In the U.S., hotel industry performance from June 30-July 6, 2024, showed a decline with occupancy at 61.3% (↓0.9%), ADR at $157.27 (↑0.5%), and RevPAR at $96.35 (↓0.4%). New Orleans led with the highest year-over-year increases: occupancy up 15.5% to 56.6%, ADR up 35.1% to $197.23, and RevPAR up 56.1% to $111.72. St. Louis and Tampa had the steepest RevPAR declines, with St. Louis down 25.4% to $58.65 and Tampa down 13.5% to $100.65.

2 min

Knowland: Las Vegas Continues to Lead Meeting Volume Growth

🏖️ Las Vegas led meeting volume growth with a 22.2% YOY increase, followed by St. Louis at 12%. Average space used in the top 25 U.S. markets was 4,127 sq ft with 141 attendees; secondary markets used 4,085 sq ft for 132 attendees. The top five markets by YOY growth in event volume, led by Las Vegas, varied in industries such as sports entertainment and technology. Louisville topped secondary markets with a 72.73% increase in event bookings, with financial/banking as the leading industry. Other high-growth secondary markets included Madison, Sacramento, Pittsburgh, and Norfolk-Virginia Beach with notable YOY growth and diverse leading industries.

1 min

Smith Hill Capital and Bain Capital Execute $72 Million Financing for Hotel Viking

🏨 Smith Hill Capital and Bain Capital Special Situations financed a $72 million loan to KSL Capital Partners for Hotel Viking in Newport, Rhode Island. The 208-room historic property, located in the Historic Hill neighborhood, features an indoor pool, fitness center, and over 14,000 square feet of event space. The joint venture between Smith Hill and Bain Capital was formed in 2023 to support hospitality financing across the U.S.

3 min

This Week’s Comings & Goings

📈 Brittain Resorts & Hotels appointed Brittney Jones as chief development officer. PM Hotel Group named Paul Sacco with 30+ years in hospitality as chief growth and development officer. RMS Cloud's new chief product officer is Cameron Gough. Ron Fader became senior vice president at Hospitality Ventures Management Group. Frank Solano is now senior vice president at Dreamscape Hospitality. Marci Jacobs is McNeill Hotel Company's VP of sales and revenue. Dania Duke appointed managing director at Margaritaville Resort Lake Tahoe. Nick Solomon became general manager of The Scottsdale Resort & Spa. Glenda Rivera, with 25 years experience, is the general manager at Zachari Dunes on Mandalay Beach. Montage Deer Valley's new director of sales and marketing is Gretchen Walker. Chris Halbauer is Beach Enclave Turks & Caicos' director of leisure sales. Kimpton Everly Hollywood welcomed Ashley Thompson as executive chef, and Kimpton The Forum Hotel appointed Ryan Collins in the same role. Ari Miller joined Rosewood Washington, D.C. as executive chef. Sebastian Mena became director of food and beverage at JW Marriott San Antonio Hill Country Resort & Spa. The San Juan Marriott Resort & Stellaris Casino announced Mariano Formariz as general manager, Javier Escola as food and beverage director, and Romeo Penacino as executive chef. Hilton Minneapolis/Bloomington promoted Aaron Slattery to general manager, and Hilton Madison Monona Terrace hired

2 min

Hilton Adds Nearly 400 Boutique Hotels from SLH Collection

🏕 Hilton is enhancing its luxury hotel offerings by incorporating nearly 400 Small Luxury Hotels of the World (SLH) properties, which will be bookable via Hilton's direct channels. Through this alliance, Hilton Honors members can earn and redeem Points at unique SLH locations. Chris Silcock of Hilton and Shaun Leleu of SLH both emphasize the benefit to guests and the expansion for independently owned hotels. Since February, 390 SLH hotels have joined the partnership.

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