LODGING Staff - 10 Minutes News for Hoteliers - Page 181

1 min

The LCP Group Originates Construction Financing for Moxy Centennial Olympic Park

🏨 The LCP Group, L.P. originated construction financing for Moxy Centennial Olympic Park in Atlanta's downtown entertainment district. Atlanta-based Nexera Capital and Emerge Hospitality Group are developing the 13-story, 183-room hotel, featuring a rooftop restaurant, lounge, lobby bar, and retail. Opening is set for Q2 2026. The property is near Georgia Aquarium, World of Coca-Cola, and major venues like State Farm Arena, with access to the 3.9 million sq ft Georgia World Congress Center.

1 min

CoStar: U.S. Hotel Room Construction Reaches Highest Level Since February 2023

🏢 In June 2024, the U.S. saw its highest number of hotel rooms under construction in 16 months, with 157,713 rooms (up 5.5% from June 2023), 266,619 rooms in final planning (up 9.8%), and 333,827 rooms in planning (up 38.7%). Upscale and upper midscale segments hold nearly 50% of the final pipeline phase, but growth has decelerated. Midscale and economy segments surged 42% and 34%, respectively. Notably, 6,760 luxury rooms and 19,023 upper upscale rooms are under construction.

1 min

Data Driven Purchasing

📈 Dennis Nessler, Editor-in-Chief of LODGING, discussed the growing importance of data in hotel industry procurement processes with hotel executives. The dialogue included current trends, industry conditions, and future projections for the lodging procurement landscape.

3 min

IHG Hotels & Resorts Launches Low Carbon Pioneers Program

🌱 IHG Hotels & Resorts launched the Low Carbon Pioneers program, featuring energy-efficient hotels like Holiday Inn Express Madrid Airport, Iberostar Waves Cristina, and Kimpton BEM Budapest. These properties use sustainable solutions, hold certifications from the Global Sustainable Tourism Council, and track energy with IHG’s Green Engage platform. CEO Elie Maalouf emphasizes the importance of reducing carbon emissions and working with governments and industry bodies to support a sustainable future. The program aligns with corporate clients’ net-zero targets and prepares hotels for environmental regulatory changes and green finance.

2 min

Raines Adds Sea Palms Resort to Management Portfolio

🏖️ Raines added Sea Palms Resort on St. Simons Island, Georgia, to its portfolio, owned by RREAF Holdings. The resort features a golf course, the second one managed by Raines, within Woven by Raines' lifestyle division. The 121-room property offers luxury amenities such as an outdoor pool, tennis courts, fitness center, and a full-service restaurant, Sago. Sea Palms Golf Club boasts an 18-hole course and is frequented by touring professionals. Raines' managing partner, Grey Raines, anticipates success in the growing market with RREAF Holdings.

1 min

Sea Crest Beach Resort Announces Collection of Culinary Outlets

🏡 Sea Crest Beach Resort in North Falmouth, Massachusetts, introduces Streetscape, featuring five culinary outlets. The Lantern Room offers New England dishes and cocktails, The Hatch provides fried seafood, Buzzards Bay Pizza Co. serves traditional pizzas, Captain Scoops sells poolside ice cream, and Old Silver Provisions has a variety of offerings including coffees and pastries. The resort enhances its family-friendly appeal with a new pool and beach bar, and a 'town square' aesthetic. Streetscape is available year-round. General Manager Jay Sheldon emphasizes the resort's commitment to creating memorable experiences with these dining options.

1 min

Sertifi and Davidson Hospitality Group Expand Partnership

💳 Chicago-based Sertifi partnered with Davidson Hospitality Group since 2015, introducing e-signature and payment solutions. In 2017, Davidson adopted Sertifi’s card authorization. Most recently, they enabled ACH payments through SertifiPay. Davidson saves on processing fees and time, enhances fraud detection, and simplifies internal communications. Tim Debruin, Davidson’s corporate director, stresses the substantial time and cost savings realized. Sertifi CEO John Stojka celebrates 50 years of Davidson's service, looking forward to ongoing collaboration.

1 min

DIRECTV Hospitality Renews Agreement With BWH Hotels

📺 In El Segundo, California, DIRECTV HOSPITALITY has renewed its agreement with BWH Hotels, endorsed as a supplier for in-room hotel entertainment. Michael Morton, BWH Hotels' SVP of brand management, and Doug Eichler, DIRECTV's SVP, confirmed the extended partnership aiming to enhance guest experiences, coinciding with new BWH brand standards expected by year-end.

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.

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