LODGING Staff - 10 Minutes News for Hoteliers - Page 68

1 min

RobertDouglas Advises on Sale of Marriott Seattle Waterfront

💸 Braemar Hotels & Resorts, Inc. sold the Marriott Waterfront Seattle to a joint venture of Sixth Street Partners and Riller Capital for $145 million. The 369-key hotel, under Marriott International's management, sold at $393,000 per room. The sale, with a capitalization rate of 8.1% on net operating income, ended May 31, 2025. Planned capital expenditures total $7 million. The hotel features 17,000 square feet of meeting space and downtown Seattle's sole indoor/outdoor pool.

2 min

Resorts World Las Vegas Integrates Oracle OPERA Cloud PMS

💻 Resorts World Las Vegas, August 2025, has adopted the Oracle OPERA Cloud hospitality platform to streamline operations and personalize guest services. The cloud-based system has unified guest data across three properties, reduced IT overhead, and eliminated the need for on-premises hardware. Mobile access enhances staff efficiency, while AI solutions and Simphony Cloud POS optimize guest engagement and food and beverage operations. The shift aims to increase revenue and guest satisfaction through tailored services and improved operational efficiency.

AHLA Issues Statement on the White House’s 2028 Summer Olympics Planning Committee

🏆 WASHINGTON, D.C. — The American Hotel & Lodging Association (AHLA) is backing the White House's initiative to form a federal task force for the 2028 Summer Olympic Games in Los Angeles. Millions of global visitors will rely on U.S. hotels. AHLA President Rosanna Maietta supports this task force for readiness, set up by the Trump administration. AHLA will work with government partners on planning and guest safety for the 2028 Games.

Aimbridge Hospitality Launches All-Inclusive Division

🏨 Aimbridge Hospitality is launching a dedicated all-inclusive division based in Miami to tap into the growing demand for this hotel model. All-inclusive hotels are expanding four times faster than other leisure segments, with 88% of global inventory in Latin America and the Caribbean. Aimbridge aims to finalize its first agreements and start operations by year-end, indicating a strategic move to provide tailored solutions and leverage this high-growth market.

1 min

HHM Hotels Hires Jeremiah Galvin as Executive Vice President, Chief Financial Officer

🏨 Jeremiah Galvin joins HHM Hotels as Executive Vice President and CFO in Philadelphia. With 25 years of experience, including roles at Marriott and Highgate, Galvin will lead hotel accounting and corporate finance. In 2024, HHM upgraded to a new ERP system for better operational visibility. CEO Naveen Kakarla cites improvements in accounting accuracy and speed with Galvin's leadership. Senior team members collaborate with Galvin to enhance services for hotel owners.

Stayntouch Announces Partnership With Sonesta

🤝 BETHESDA, Maryland—Sonesta International Hotels Corporation, operating over 1,100 properties and 100,000+ rooms across 13 brands, has chosen Stayntouch as a preferred PMS provider. After a two-year evaluation, Stayntouch was selected for its scalable, cloud-native platform. This tech supports Sonesta’s franchise growth and enhances guest experiences. Dan Ferrell emphasized the need for flexibility and speed, while Jacob Messina highlighted the shared commitment to empowering hotel teams with adaptable technology.

2 min

My Place Hotels of America Debuts in California

🏨 My Place Hotels of America opened its first California location in Redding. The hotel, developed by Pacific NW Redding LLC and managed by Legacy Management, boasts 64 guestrooms with full kitchens and pet-friendly amenities. Located near attractions like Cobblestone Shopping Center and Redding Motorsports Park, it offers easy access to Redding Municipal Airport. This expansion marks a significant milestone for the brand as it continues its growth in the Pacific Northwest.

Maestro PMS Announces Launch of Maestro Touch

📱 Maestro PMS launched Maestro Touch in Markham, Ontario, bringing touch operations to hotel front desks via tablets. This update simplifies processes, reduces training time, and enhances staff capabilities. Key features include check-out functionality, digital signature capture, and real-time room availability. Tuscany Residence Aruba reported improved guest experiences over four months using Maestro Touch, highlighting its personal check-in process. Tim Major, President of Maestro PMS, emphasizes the tool's impact on hotel operations and profitability.

2 min

Raines Adds Home2 Suites by Hilton Charlotte University Research Park to Its Portfolio

🏨 Raines acquired and now manages Home2 Suites by Hilton Charlotte University Research Park in Charlotte, North Carolina, along I-85 and 485. The 105-key hotel offers fully equipped suites, a pet-friendly environment, an indoor pool, fitness center, meeting rooms, and complimentary amenities. Located near UNC Charlotte and Atrium Health University City, it's close to major employers like IBM, AT&T, and Wells Fargo. In 2024, Raines expanded with over 20 properties, continuing growth into 2025.

3 min

CBRE: Commercial Real Estate Lending Continued to Rebound in Q2 2025

🏢 Commercial real estate lending in Dallas, Texas, rebounded in Q2 2025, with the CBRE Lending Momentum Index climbing 45% year-over-year to 275. Multifamily loan spreads narrowed by 22 bps to 150 bps, while non-agency loan closings saw debt funds rise 89% quarter-over-quarter. Government agency lending for multifamily assets reached $28.9 billion, a 31% increase from Q1 2025. The average Loan-to-Value Ratio ticked up to 63.3%, reflecting a less conservative lending environment.

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