LODGING Staff - 10 Minutes News for Hoteliers - Page 91

2 min

Cloudbeds Announces Launch Of Cloudbeds Labs

🏨 In SAN DIEGO, California, Cloudbeds launched Cloudbeds Labs for AI-driven operations in the hospitality industry, unveiling AI solutions Signals and Engage. Signals forecasts demand with 96% accuracy up to 180 days and offers AI recommendations to outperform competitors by 15% or more. Engage, an AI voice concierge, answers guest inquiries in five languages and handles voice-driven bookings. Both aim to drive direct bookings, enhance operational efficiency, and scale hotel profitability without added headcount.

3 min

Hyatt Opens First Hyatt Studios Hotel in Mobile, Alabama

🏨 Hyatt Hotels Corporation opened its first Hyatt Studios hotel in Mobile, Alabama, following a soft opening in February. Located less than 10 miles from Mobile International Airport, Hyatt Studios Mobile / Tillmans Corner offers 122 studio apartment-style suites with full kitchens and contemporary amenities. The brand targets extended-stay travelers as part of Hyatt’s Essentials Portfolio. 3H Group, which manages the property, is expanding with more Hyatt Studios in Huntsville, Alabama, and Jacksonville, Florida, and other Hyatt-branded projects.

2 min

Hotel Equities Appoints Greg O’Stean as Chief Development Officer

🏨 Hotel Equities (HE) has appointed Greg O’Stean as Chief Development Officer and promoted Joe Reardon to Vice Chairman. O’Stean has over 30 years of experience in hospitality and aims to expand HE's global presence. Reardon, after 11 years growing HE to manage over 200 properties, will focus on strategic partnerships. The announcement coincided with HE's alliance with Pinnacle Hotel Group, starting May 1, revealed at the Hunter Hotel Investment Conference.

2 min

AHLA: Los Angeles Tourism Industry Lagging Behind All Other Major U.S. Cities in Post-Pandemic Recovery

📦 In Los Angeles, the tourism industry, one of the top five employers supporting over 540,000 jobs, generated $40 billion in local business sales and $290 million in transient occupancy tax (TOT) revenue in 2023. Despite this, L.A. faced a $14.3 million TOT budget shortfall in FY 2023-2024 and a $13.9 million shortfall by midyear FY24-25. The industry has only reached 79% of 2019 levels, lagging behind other major U.S. cities. Upcoming hotel operational restrictions could worsen TOT shortfalls, threaten small business owners, and risk thousands of job losses ahead of the 2026 World Cup and 2028 Olympics. Proposed legislation like the Worker Minimum Wage Ordinance may lead to the loss of nearly 15,000 hotel jobs, $169 million in tax revenue, and discourage $342 million in hotel construction spending.

2 min

AHLA Adds Four New Companies to Premier Partner program

🏨 In Washington, D.C., the American Hotel & Lodging Association (AHLA) welcomed four new companies to its Premier Partner program: ADA Cosmetics and BKL Hospitality as Silver Partners, and BDV Solutions and Sabre as Associate Partners. These partnerships aim to strengthen the hotel industry by offering insights, trends, and engage with AHLA Board members. Partners benefit from marketing support and discounts to AHLA events, contributing to industry advancements and meeting guest expectations.

2 min

Women’s Innovation Council Joins Women in Hospitality Leadership Alliance

📢 The Hospitality Women’s Innovation Council joined the Women in Hospitality Leadership Alliance, founded in 2021, becoming its thirty-fourth member to support women and underserved communities in the hospitality industry. Sponsored by Visual Matrix, the Women's Innovation Council (WIC) was formed in 2023 in Richardson, Texas, and includes hotel executives and technology developers. WIC aims to improve collaboration in hospitality tech and advance industry innovation.

2 min

HAMA Releases Spring 2025 Industry Outlook Survey Results

🏨 In Cambridge, Massachusetts, the Hospitality Asset Managers Association (HAMA) revealed its Spring 2025 Industry Outlook Survey results during the 2025 Annual Spring Meeting. The survey collected insights from 80 hotel asset managers, which is about 33% of HAMA's membership. Key findings include 49% predicting a U.S. recession in 2025, a significant jump from 19% in Fall 2024, and 55% considering changes to brand/management. Concerns over an impending recession rose to 70% among those polled informally during the conference.

2 min

Peachtree Group Announces Grand Opening of TownePlace Suites in Forney, Texas

🏨 Peachtree Group in Dallas, Texas, announced the opening of the 87-suite TownePlace Suites in Forney, Texas, operated for TEKMAK Development. The hotel is 22 miles east of Dallas and features full kitchens, complimentary breakfast, a 24-hour fitness center, and an outdoor pool. In 2023, Peachtree began managing six Texas properties for TEKMAK. Peachtree's hospitality division manages 108 hotels across 28 brands, totaling 13,440 rooms in 26 states, including 35 properties under third-party management.

2 min

Sheraton Philadelphia University City Hotel Begins $60 Million Renovation

🏨 Sheraton Philadelphia University City Hotel in Pennsylvania announces a $60+ million renovation to be completed by 2025. The upgrade, designed by Gensler, includes guest rooms, public spaces, a 24/7 fitness center, and a new outdoor deck. &More café will offer dining experiences. The University of Pennsylvania owns the hotel, which Davidson Hotels operates. The renovation aims to provide a blend of traditional and contemporary styles, with amenities like meeting pods and a multi-use terrace for events and relaxation.

1 min

Blackstone Real Estate to Acquire 6M SF Industrial Portfolio Developed by Crow Holdings for $718M

🏢 Blackstone Real Estate's Core+ funds are set to acquire a 95% stake in a 6 million square feet industrial portfolio for $718 million, with Crow Holdings retaining 5% ownership. The portfolio features 25 Class A buildings mainly in Dallas and Houston. The transaction, showcasing Blackstone's strategy amid market volatility, includes assets in key U.S. industrial markets with limited vacancy. Blackstone currently owns over $90 billion in North American warehouses and nearly $170 billion globally. The deal is expected to close in the second quarter of 2025.

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