LODGING Staff - 10 Minutes News for Hoteliers - Page 175

2 min

Coury Holdings Launches New Management Company: Concert Hospitality

🏨 Concert Hospitality, a new hotel management company, has been launched by Coury Holdings in Dallas, Texas. It is set to manage a portfolio starting with four hotels located in the DFW metroplex, Texas; Los Angeles, California; and Columbus, Ohio. Chris Charbonnet, with over 20 years of industry experience, is appointed as regional vice president of operations. The company aims to offer personalized guest experiences in full and select-service hotels including those from Marriott, Hilton, and Hyatt.

2 min

J.D. Power: 2024 NAGSI Study Shows Travelers Are Paying More for Hotel Rooms

🏨 In May 2024, the average daily rate (ADR) for a U.S. hotel room reached $158.45, just below the historic high of $159.01 from October 2023. The 2024 North America Hotel Guest Satisfaction Index (NAGSI) Study by J.D. Power reveals varying satisfaction across hotel segments, with luxury and upper upscale showing strong scores, while limited-service segments see satisfaction decline. North American hotel guests now average nine trips annually, down from ten, but stay longer, averaging 3.43 days. Hotel brands like The Luxury Collection, Margaritaville Hotels & Resorts, and element rank highest in their segments. Full-service hotels maintain higher satisfaction despite higher rates, suggesting that investment in staff and facilities correlates directly with perceived value.

1 min

Sonesta Essential Atlantic City West Opens

🏦 In Newton, Massachusetts, Sonesta International Hotels Corporation unveiled Sonesta Essential Atlantic City West, a 140-room upper-midscale hotel in Egg Harbor Township, New Jersey. The property will be dual-branded with Sonesta Simply Suites Atlantic City, opening later this summer. Four miles from Atlantic City International Airport and eight miles from Ocean City, it offers proximity to downtown Atlantic City and the New Jersey shore. Sonesta's EVP Keith Pierce announced the opening, highlighting the brand's focus on essentials and extended stay options.

1 min

Berkadia Refinances Hampton Inn & Suites Brickell

🏦 Saul Hoppenstein and James Elmore of Berkadia secured a $45.9 million loan for refinancing Hampton Inn & Suites in Miami’s Brickell neighborhood. Miami-based Hospitality Operations, Inc. is the sponsor. The loan is five-year, fixed-rate, with interest only, offered by a life insurance company. The 221-key hotel features amenities like a rooftop pool and is situated near transport links and entertainment in Miami’s financial district.

2 min

Crescent Hotels & Resorts to Manage JW Marriott at Reston Station

🏢 Crescent Hotels & Resorts announced a management deal for Virginia's first JW Marriott at Reston Station, set to open mid-2025. The 28-story building will house a 243-room hotel, 94 JW Marriott-branded condos, and offer amenities like a JW Club, fitness center, and 25,000 square feet of event space, including a 9,000-square-foot ballroom. The project is part of the $1.3 billion development, The Row at Reston Station, in the Dulles Corridor near Dulles Airport and the Wiehle-Reston East Metro station.

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.

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