August 10, 2015 - PORTSMOUTH, NH - Hotel transaction volume increased modestly in the first half of 2015 as privately held equity funds and hotel companies continued their disposition strategies. For 1H 2015 transactions and property transfers trended upward to 807 hotels caused by a substantial increase in portfolio sales. Single-asset transactions actually declined for the period and there was no M&A activity recorded. 

Investors are basking in the fifth consecutive year of double-digit earnings growth and although the rate of growth is slowing. They do not foresee a top-out of earnings for a least another two to three years. However,  many equity funds feel compelled to sell because their scheduled holding periods are expiring. Hotel companies implementing asset-light strategies are sellers as well.  For them, it is a solid strategy to secure profits from asset appreciation even though we are only half way through the expansion phase of the cycle.

SELLING PRICES ARE MUTED, FOR NOW. Of the 807 Hotel Transactions and Property Transfers that occurred in the first half of 2015, 552 reported selling prices in the public domain. The Average Selling Price Per Room (ASPPR) for these sales was $164,062. 

A sample size of 552 hotel sales is usually large enough to properly blend selling prices from all chain scales within a normal “bell curve” distribution. Not this time however. There is a significant skew. The sale of the 1,413-room Waldorf Astoria in New York City by Hilton (BlackStone) to the Anbang Insurance Group of Beijing for $1.95 billion had an unprecedented $1,380,042 ASPPR. This outlier drove the national ASPPR up by $24,335, from $139,727 to $164,062. 

Eliminating the Waldorf from industry totals, the restated ASPPR of $139,727 is down significantly from the $156,002 recorded in 2014. This decline is due to an increase in the sale of smaller hotels with less than 200 rooms in suburban locations and secondary cities and in the slowdown of larger CBD transactions in major markets.

SELLER AND BUYER ACTIVITY Total investment in 1H 2015 for hotels with a reported selling price was $11,816 million, about half the total for all of 2014. The Waldorf transaction accounted for $1.95 billion, or 16.5%, of the 2015 year-to-date (YTD) total. Given that the mix of transactions is shifting away from larger properties, this year may not seesignificant year-over-year growth in investment dollars. 

Privately held equity fund dispositions may exceed $10 billion this year to cement a new cyclical high. Although it may be an excellent time for equity funds to sell, they are finding it quite difficult to locate new assets for sale with appreciation potential that will merit a 5-7 year holding period.

With interest rates locked at record lows and lending still readily available for investors, publicly traded REITs and private equity groups are the major investors on the buy side, absorbing the disposition volume of private equity funds and hotel companies implementing asset-light strategies. 

There is plenty to be optimistic about; a recovering economy set to accelerate forward, operating statistics at modern-day highs, hotel earnings on an extended streak, interest rates at all-time lows, lending still readily available and supply in check for at least another two years.

AUSTIN, TEXAS (August 10, 2015) — Hospitality Financial and Technology Professionals (HFTP®), the global leader in hospitality finance and technology professional associations, is pleased to announce a new partnership with The Hospitality Sales and Marketing Association International – Europe (HSAMI-E) in support of two of their major events, The HSMAI Europe Leadership Day, Thursday 24 September, 2015, in Frankfort and the 4th Annual Digital Marketing Conference alongside the World Travel Mart 5 November, 2015 in London.

“HFTP and HSMAI have worked together since the mid 1990’s to advance our segments of the profession. As HFTP continues to expand significantly in international markets, it only makes sense for us to partner with HSMAI-Europe a world class association” explains HFTP CEO Frank Wolfe, CAE. “HFTP and HSMAI are the largest professional hospitality associations in the world representing our specific segments and are the only organizations to offer globally recognized certification programs for the members we represent. “

The Leadership Day in September is an invitation only event, but it’s planning group, the HSMAI-E Revenue Management Advisory Board headed by citizenM Hotels’ Commercial Director Lennert De Jong has made it one of Europe’s hottest hospitality events in history.

The Digital Marketing Conference does have space available and is led by Niklas Schlappkohl, Senior Director, eCommerce at the Carlson Rezidor Hotel Group and Vice Chair, Terri Scriven, Industry Head of Hospitality at Google UK. It will offer sessions by some of the most globally recognized industry heads in the world.

We are extremely pleased to see HSMAI-E propelled forward as a powerhouse for digital marketing within the travel and hospitality industry and happy that HFTP is one of our supporters in Europe,” says Ingunn Hofseth, CEO and President of HSMAI Europe. “We are fortunate to have such an esteemed group planning our Digital Marketing Conference.

Joining the Chair and Vice Chair of the Digital Marketing Conference planning group is:

• Paul Mulcahy, SVP Commercial, Mövenpick Hotels & Resorts
• Erik Muñoz, Chief Marketing Officer, PriceMatch
• Suzie Wotton, Vice President of Marketing, Red Carnation Hotels
• RJ Friedlander, Founder and CEO, ReviewPro
• Riko van Santen, VP Digital Strategy, Loyalty & Distribution, Kempinski Hotels
• Frank Reeves, CEO and Co-founder, Avvio
• Torsten Sabel, COO, Customer Alliance
• Ingvild Elise Larner, Vice President Guest Relations and Communication, Nordic Choice Hotels
• Stephen Williams, Sales and Marketing Director at Windward Management
• Christopher Robinson, Sr. Manager, Global eCommerce + Digital Services – Europe, Marriott Digital”

HFTP and HSMAI are known by the industry as providing industry professionals world class educational opportunities, research, solutions to industry problems and networking. Industry professionals who are interested in more information may contact education@hftp or info@hsmai.org

Aesthetic and comfort improvements at the popular North-Central Washington convention center focus on the Orchard Exhibit Hall and Grand Apple Ballroom

WENATCHEE, WASH. – (August 10, 2015) – The Wenatchee Convention Center, managed by Coast Hotels, is pleased to announce the completion of a more than $3 million remodel. The remodel thoroughly modernizes the Grand Apple Ballroom and Orchard Exhibit Hall, bringing a sleek new aesthetic and modern functionality to these popular meeting and event locations.

The bright, modern and elegant new design of the more than 10,000 square-foot Grand Apple Ballroom includes new lighting, carpeting and an acoustical ceiling system. The lobby outside of the ballroom also received new carpeting. The 7,560 square-foot Orchard Exhibit Hall received a complete renovation, including new lighting, an acoustical ceiling system, wall décor and carpeting that convey a modern, yet warm look.

“With its central location in the heart of Washington, beautiful climate and desirable amenities, the Wenatchee Convention Center is a go-to spot for meetings and events,” said Linda Herald, general manager at Wenatchee Convention Center. “We strive to continually provide the most up to date offerings, both for function and style, and this renovation delivers just that.”

In addition to the work on the ballroom and exhibit hall, new HVAC heating/air conditioning controls and components have been installed throughout the entire Wenatchee Convention Center, along with fresh paint and wall coverings. Both the lower and upper lobbies have also received new lighting.

The Wenatchee Convention Center has meeting spaces that can accommodate groups of all sizes, and a sky bridge connecting to the Coast Wenatchee Center Hotel allows for stress-free, easy access to guests’ overnight accommodations. The location is in close proximity to unlimited outdoor adventures and beautiful Washington wine country, making it a desirable spot for retreats, meetings, weddings and other events.

The Bali-based hospitality management welcomes the seasoned Director of Sales

Kuta, Indonesia, August 10, 2015 - Sun Island Bali Group, a corporate hospitality management based in Bali, is proud to introduce new Director of Sales, Mr. Made Agus Suryawan.

Born and grown up in Bali, Surya, as he is often called, has 16 years of experience in the hospitality industry, which includes working in the area of sales and account in top-tier hotels in Bali. He began his first professional hotel career immediately after graduating from Bali Tourism Institute in 1998. Holding a diploma in Hotel Management, his first stepping-stone was a one-year opportunity as a waiter at The Grand Beach Bali (now Inna Grand Bali Beach). In circa 2000, he started expanding his career from a Sales Executive to becoming Account Manager, handling domestic and Asia market, as well as the E-Commerce at the same hotel. In 2004, Mr. Surya moved to Bali Dynasty Resort and worked as Sales Manager before taking the same role in The Bali Khama in 2007.

In early 2009, Mr. Suryawan took on a new challenge with Hard Rock Hotel Bali, where he started off as Senior Sales Manager—during which he was awarded Best Manager of 2009. 2012 marked a milestone in Surya’s career when he was promoted to oversee the Sales Department as Director of Sales. Surya went on to showcase his prowess for the company for the next three years after his appointment.

In mid-2015, Sun Island Bali Hotel Group offered Mr. Agus Suryawan an opportunity to lead the Corporate Sales team to a better direction. He took the significant role as the Director of Sales overseeing all properties managed Sun Island Bali Group. He believes Sun Island Bali Hotel Group is a fast-growing hotel chain richly characterized by Balinese hospitality culture. “Balinese hospitality is renowned world-wide as the warmest and the most hospitable,” he said, referring to the core nature of hospitality found in all Sun Island Bali hotels. The father of two who loves watching detective movies, watching live rock concerts, and playing music instruments aims to optimize each of the hotels’ growth effectively and justly as each has its own unique characteristics. As for the Sun Island Bali Group, he thoughtfully said, “Growing all of the properties equally is the mission,” as he defined his goal. With Mr. Agus Suryawan’s experience and insight, Sun Island Bali group could expect a promising future.

BOSTON and MCLEAN, Va. - Hilton Garden Inn, Hilton Worldwide‘s (NYSE: HLT) award-winning brand of hotels, announced today the opening of Hilton Garden Inn Boston Logan Airport, representing an addition to the brand’s growing portfolio of more than 635 hotels worldwide.

Hilton Garden Inn Boston Logan Airport is owned and managed by First Bristol Corporation.

“We are excited to open in Boston, a city that really reflects the values of Hilton Garden Inn,” said Kevin Buchanan, general manager. “Like the city, our new hotel will be friendly, warm, welcoming and accessible. Boston’s celebrated attractions, such as the Museum of Science, Faneuil Hall Marketplace and the North End are ideally located near our hotel, providing convenience to our business and leisure guests.”

Hilton Garden Inn Boston Logan Airport is located one mile from Logan International Airport and provides a complimentary 24-hour shuttle service to the airport, MBTA Subway and local area businesses. Attractions such as the New England Aquarium, Fenway Park and Freedom Trail are only minutes away. Guests will enjoy the warm appreciative Hilton Garden Inn Team Members for additional area recommendations.

The new hotel offers the high-end amenities and welcoming services for travelers to sleep deep, stay fit, eat well and work smart while on the road. All Hilton Garden Inn guests will see why Life’s Better at the Garden^TM through amenities offered at each Hilton Garden Inn location, including complimentary Wi-Fi throughout the hotel, 24-hour business center with Print Spots^TM remote printing, a state-of-the-art fitness center, and an indoor pool. The hotel also features complimentary onsite parking and more than 2,100 square feet of flexible meeting space for up to 180 people.

The Garden Grille and Bar^® offers a full cooked-to-order breakfast and dinner, cocktails*, and evening room service. The Pavilion Pantry^® is open 24 hours and features a complete selection of salty snacks, sweet treats, cold beverages, and frozen, microwaveable packaged items.

All 178 guest rooms boast the brand’s signature bedding featuring fresh, white duvets and crisp linens; a spacious and clutter-free work desk with an ergonomic desk chair; and an in-room “hospitality center” with a mini fridge, microwave oven and Keurig coffee maker.

Hilton Garden Inn Boston Logan Airport participates in Hilton HHonors^®, the only hotel loyalty program that allows members to earn Points & Miles^® on the same stay and No Blackout Dates on reward stays. HHonors members always get our lowest price with our Best Price Guarantee, along with HHonors Points, digital check-in and no booking fees only when they book directly through Hilton.

For more information or to make reservations, please visit Hilton Garden Inn Boston Logan Airport, or call +1 617 567 6789.

Read more about Hilton Garden Inn at www.hgi.com and news.hgi.com.

KENOSHA, Wis. - Hilton Worldwide (NYSE: HLT) announced the opening of Hampton Inn & Suites by Hilton Kenosha, its newest property to join Hampton by Hilton, the global brand of more than 2,000 mid-priced Hampton Inn by Hilton, Hampton Inn & Suites by Hilton and Hampton by Hilton hotels. The 93-room hotel, located at 7300 125th Avenue, is managed by Kinseth Hospitality Companies.

Located halfway between Milwaukee and Chicago, Hampton Inn & Suites by Hilton Kenosha is nearby popular area attractions including Pleasant Prairie Premium Outlets, the Jelly Belly Factory Store, Historic Downtown Kenosha, and Six Flags - Great America Park.

“The beautiful shores of Lake Michigan create a stunning backdrop for travelers to explore the impressive variety in Kenosha, and we are excited to offer them a convenient and comfortable place to stay in the area,” said Cindy Soetje, general manager. “Whether delighting in the live music and local breweries of historic downtown, or taking the whole family on an adventure back in time to the Dinosaur Discovery Museum or Bristol Renaissance Faire, Kenosha offers something for every traveler.”

Hampton Inn & Suites by Hilton Kenosha offers amenities, such as free Wi-Fi, a 24-hour business center with complimentary printing, a 650 square foot meeting space that can accommodate up to 40 people and a fitness center. The indoor saltwater pool and accompanying whirlpool offer a refreshing break for guests. The hotel also provides free On the House hot breakfast as well as Hampton’s On the Run^TM Breakfast Bags, available Monday through Friday. 

The new hotel features the Perfect Mix Lobby, designed as an extension of the guestroom with a variety of seating and lighting options for both leisure and business travelers. Additionally, the hotel features Suite Shop, a new food and beverage shop filled with snacks, toiletries, local merchandise and drinks for purchase.

Guestrooms are equipped with the brand’s signature Clean and fresh Hampton bed^®, flat-screen LCD TV, microwave, fridge and coffeemaker. Inviting suites are also available, offering additional space and a comfortable sleeper sofa.

Hampton by Hilton team members proudly exhibit a unique culture described as Hamptonality. This term describes each hotel’s approach to friendly customer service and anticipation of guests’ needs and providing travelers with helpful suggestions about area attractions, historical facts and fun things to do around town. Additionally, hotels are infused with local photography and artwork, highlighting each property’s connection and support to its own community.

Hampton Inn & Suites by Hilton Kenosha participates in Hilton HHonors®, the only hotel loyalty program that allows members to earn Points & Miles® on the same stay and No Blackout Dates on reward stays. HHonors members always get our lowest price with our Best Price Guarantee, along with HHonors Points, digital check-in and no booking fees only when they book directly through Hilton.

For more information or to make reservations, please visit Hampton Inn & Suites by Hilton Kenosha or call +1 262 358 9800. 

Read more about Hampton by Hilton at www.hampton.com and news.hampton.com. 

Hotel is located in the heart of the newest and most modern area of the city 

MEXICO, D.F. –  InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, today announces the opening of the first Holiday Inn® hotel in the Santa Fe district of Mexico City. The 95-room new-build property is located in west Mexico City, close to corporate offices, entertainment and shopping, including Centro Comercial Santa Fe, the country’s largest shopping center. Santa Fe is one of the city’s major business districts, home to many international and Mexican companies. 

Gerardo Murray, Vice President, Distribution and Commercial Marketing, Mexico, Latin America & The Caribbean, IHG said: “We are thrilled to bring the Holiday Inn brand to Santa Fe. The area is quickly developing and becoming a business hub, and we are confident that travelers will welcome the warm service and modern amenities found at a trusted brand like Holiday Inn.” 

The Holiday Inn brand opened the doors of its first hotel more than 60 years ago and since then has been making travel more enjoyable for generations of travelers all over the world. Whether on the journey of a lifetime, a family vacation or business, guests know they can expect the contemporary design, modern amenities, and warm, welcoming service that distinguish the Holiday Inn brand. 

Amenities at the Holiday Inn - Mexico Santa Fe hotel include a swimming pool, a fully-equipped fitness center, business center and meeting rooms with capacity for 500 people. Guests can also enjoy the hotel’s lobby bar and restaurant, L‘Etoile, which offers various traditional Mexican dishes and where kids 12 and younger eat free when ordering from the kids’ menu in the hotel restaurant and accompanied by a dining adult. 

The hotel, owned and managed by Operadora de Estancias Turísticas S.C., is located at Ave. Guillermo Gonzalez Camarena 1400, just 30 minutes away from the Mexico City International Airport. Santa Fe is also home to two other IHG properties, the Hotel Presidente InterContinental® Santa Fe and the Holiday Inn Express® Mexico Santa Fe hotel. 

The Holiday Inn brand is part of IHG’s diverse family of brands in nearly 100 countries and territories. The scale and diversity of the IHG family of brands means that its hotels can meet guests’ needs whatever the occasion– whether an overnight getaway, a business trip, a family celebration or a once-in-a-lifetime experience. The Holiday Inn brand participates in IHG® Rewards Club. The industry’s first and largest hotel rewards program is free, and guests can enroll at IHGRewardsClub.com, by downloading the IHG® App, by calling 1-888-211-9874 or by inquiring at the front desk of any of IHG’s more than 4,900 hotels worldwide. The hotel also participates in IHG Green Engage® and offers unique programs to ensure sustainability. 

Chevy Chase, MD – 11, August 2015. After over 15 years of successful co-operation, the Autostadt in Wolfsburg and The Ritz-Carlton Hotel Company have renewed the management agreement, confirming the continuity of their successful relationship. Located in Northern Germany, the luxury hotel is set within Autostadt, an automobile theme park next to the headquarters for Volkswagen, which attracts car enthusiasts from all over Europe.

Since opening in 2000, the hotel has hosted families collecting their new cars from the customer center and the glass car towers, foodies, and those looking for an unusual weekend escape. This fascinating location with a contemporary industrial aesthetic offers a floating spa on the river, a secret island picnic spot and a renowned three star Michelin restaurant, Aqua, by Chef Sven Elverfeld.

Otto F. Wachs, Managing Director of Autostadt in Wolfsburg and Herve Humler, President and Chief Operations Officer of The Ritz-Carlton Hotel Company recently signed a new management agreement for the hotel. “The Ritz-Carlton, Wolfsburg is a unique hotel, which has become a flagship for both Wolfsburg and the Autostadt. With service excellence consistently delivered daily, the hotel defines new standards and gives impetus for the city of Wolfsburg and Volkswagen as a center of excellence”, says Otto F. Wachs.

“We are delighted to renew our commitment with our partners at the Autostadt and thank them for their support and investment in both our relationship and the property. The Ritz-Carlton, Wolfsburg has the new and upcoming design and is a benchmark for other hotels. We look forward to continue welcoming guests and delivering exceptional, personalized service at The Ritz-Carlton, Wolfsburg” added Herve Humler.

Last year the redesign by Elliott Barnes and the Autostadt team gave a contemporary update to the original concept created by interior designer Andrée Putman. Exquisite quality and craftsmanship are highlighted throughout the hotel’s interiors and form the backdrop for memorable guest experiences created by the ladies and gentlemen of The Ritz-Carlton, Wolfsburg.

The signature Ritz-Carlton Club was added to the fourth floor of the hotel, offering guests with Club Level accommodations exclusive access to a Club Lounge with a dedicated Concierge team. Gastronomic presentations are served in a living room atmosphere with sofas and a fireplace.

Aqua continues to delight guests with the sophisticated harmony of aroma, flavor and textures created by Chef Sven Elverfeld. Aqua is consistently featured in the San Pellegrino’s World’s 50 Best Restaurants ranking and has been awarded Three Michelin stars. Recent additions to the property’s fine dining options include the launch of Terra restaurant, a new Deli and the redesign of Newman’s Bar with an adjacent smoking lounge.

LOS ANGELES, Aug. 11, 2015—Laurus Corporation, a Los Angeles-based real estate investment and development firm, announced today the completion of a $12 million repositioning  of the Hilton San Antonio Airport Hotel that will provide a new high-end guest and culinary experience for travelers and local residents. Through a complete overhaul of the property, which includes the debut of the upscale Asado Seafood & Grill restaurant and lounge as well as new and innovative guestroom amenities, the Hilton has set itself apart from other hotel options in the area.

“We’re pleased to introduce the fully repositioned Hilton San Antonio Airport Hotel to the market. This property is a reflection of our firm’s commitment to enhance the guest service levels and product offerings on every hotel investment we undertake” said Austin Khan, Chief Investment Officer of Laurus Corporation. “The hotel is ideally located on Loop 410, adjacent to North Star Mall, and we’ve equipped the property with amenities that really matter to business travelers, leisure guests and local residents:  enhanced internet speed, media connectivity, comfortable beds and dining options through the addition of our new restaurant concept that will resonate with the San Antonio culinary scene.”

The upscale Asado Seafood & Grill offers guests a curated menu of international specialties and signature cocktails using the freshest ingredients, and has quickly become a favorite among San Antonians. To coincide with the overhaul of the hotel’s dining experience, a casual chic lounge adjacent to the restaurant exudes a modern vibe with a sleek granite bar, sophisticated leather booths and a stunning ceiling design. The stylish lounge offers a taste of local flavors including the Southwestern steak salad and the aptly named Alamo burger. 

As part of the upgrade, all of the hotel’s 384 guest rooms were completely revamped and now feature pristine furniture with an up-to-the-minute aesthetic, along with decorative lighting, curated artwork, remodeled guest and public bathrooms and media hub connectivity so guests can access Wi-Fi anywhere throughout the property. Each guest room has been outfitted with the immensely popular Hilton Serenity Bed Collection, offering ultimate relaxation and comfort for hotel guests. 

Additional hotel upgrades include an all new lobby, concierge lounge, swimming pool, 21,000 square feet of meeting spaces, front desk and two executive levels with an executive lounge on the top floor that overlooks the beautiful San Antonio cityscape. Additionally, Laurus Corporation has installed new lighting, improved water features and re-energized landscaping for maximum curb appeal.

The hotel is surrounded by more than 10.5 million square feet of office space, high-end residences, and North Star Mall - a premier shopping mall covering 1.2 million square feet that houses more than 200 stores, major department stores and restaurants, and is one of the most visited tourist attractions in the United States. San Antonio is a popular destination for more than 28.1 million domestic and international visitors annually for both leisure and business. The hotel is located just eight miles from downtown San Antonio where the vibrant River Walk district and historic Alamo also serve as popular tourist destinations. The hotel also provides easy access to the San Antonio International Airport, which is less than two miles away.

San Antonio is the seventh most populated city in the United States, and was the fastest growing of the top 10 largest cities in the United Stated from 2000 to 2010. Its diversified economic base spans across financial services, health care, energy, defense and tourism. Notably, San Antonio is home to the corporate headquarters for five Fortune 500 energy companies, as well as the regional headquarters of USAA, Clear Channel Communications and NuStar Energy. 

ATLANTA, GA (August 11, 2015) - Atlanta-based Hotel Equities (HE) www.hotelequities.com named Humberto “Bert” Allegue the Director of Sales for the Residence Inn by Marriott Miami Beach/Surfside, Florida. The unique, resort-style hotel with 175 suites is scheduled to open in late fall 2015.

Mr. Allegue has responsibility for initiating sales and implementing the marketing strategy for both corporate and leisure market sales for this one-of-a-kind Residence Inn.   He generates new business and builds relationships with clients by capitalizing on the hotel’s unique amenities and services.  Mr. Allegue works closely with Sean McKeen, the hotel’s General Manager.  

“We tapped Bert to sell this exciting new project because of his experience and his ability to grow market share and drive best-in-class, top-line results for the hotel and its stakeholders,” said Drew Salapka, VP of Sales and Revenue Generation for Hotel Equities.  “He knows the Miami market and he has what it takes to make a difference and cultivate success for this fantastic new hotel.”

With more than 10 years of experience, primarily in South Florida, Mr. Allegue most recently served as Sales Manager for the Hilton Miami Downtown.  After beginning his career as a tour director for Holland America Cruise Lines, he joined Marriott International as the Group & Catering Sales Manager for the full service hotel division in South Florida before serving as Sales Executive for Marriott’s South Florida area Sales.  

The Residence Inn Miami Beach/Surfside is located in the northwest corner of the intersection of Collins Avenue and 92nd street in Surfside, only four blocks south of the exclusive Bal Harbour Shops.  With exclusive designated access to the beach, the hotel offers ocean views from a roof-top pool surrounded by cabanas and a full bar. On the main floor, the communal-designed lobby and public space incorporates a tropical feel and features a uniquely Miami Beach-chic lobby bar.  

Mr. Allegue holds a degree in Hospitality Management/Travel Tourism Management from Johnson & Wales University in Miami.  In his free time, he enjoys outdoor activities including riding bicycles and motorcycles, boating, spending time on the beach and rooting for his favorite Miami teams, the Heat and the Dolphins.

Banyan Investment Group and Investra Investments have purchased the Comfort Suites in Newport, Kentucky, located on the Ohio River directly across from Cincinnati, Ohio, a metropolitan area of more than two million people.  

The six-story, 124-all suites property will undergo a $1.75 million renovation during the next few months that will meet or exceed architectural and brand standards specified by Choice Hotels International.

Built in 1997, the hotel includes amenities such as a business center; an exercise room and fitness center; three conference rooms with combined flexible meeting space of almost 3,100 sq. ft.; and 10 two-room presidential suites with wet bars and whirlpool tubs.  The hotel has a dedicated streetcar stop that conveniently provides guests with transportation to downtown Cincinnati.

This is the fifth transaction together for Banyan and Investra during the past 18 months, bringing the value of their joint portfolio to more than $80 million in acquisition and improvement costs.  

“This latest acquisition is an important step forward toward our company’s objective of establishing an initial portfolio that exceeds $100 million, that consists of select service hotels, and that is built on a value-added strategy,” said Mobeen Jassat, senior principal with Dubai-based Investra.  

“With a U.S. presence, we have expanded rapidly and responsibly in North America—and we are pro-actively reviewing additional growth opportunities within the hospitality sector.”   

According to Andy Chopra, principal and Chief Investment Officer with Atlanta-based Banyan Investment Group, “Our firm continues to solidify its nationwide presence by identifying hotels whose performance can be enhanced and expanded by building on existing strong core qualities such as asset value, demand generators, and a recognized brand.” 

Demand generators for the Comfort Suites in Newport include the nearby world headquarters of  Proctor & Gamble, The Kroger Company, Macy’s, AK Steel Holding Company, and GE Aviation.   Also convenient is the Duke Energy Convention Center, as well as the educational campuses of the University of Cincinnati, with an enrollment of almost 44,000, and Northern Kentucky University, with an enrollment of almost 16,000.

Immediately adjacent to the hotel is Newport on the Levee, an urban retail and entertainment center that includes the world-class Newport Aquarium plus a movie theatre complex with 20 screens and 4,000 seats.  Located within two miles are the stadiums for the Cincinnati Bengals football team and the Cincinnati Reds baseball team.  

AVENTURA, FL (August 11, 2015) - Renowned Aventura resort, Turnberry Isle Miami, is pleased to announce the appointment of Joseph M. DeMille Sr. as Director of Sales and Marketing. DeMille is a respected industry professional who will bring his exceptional leadership skills and established sales and marketing expertise to assist the resort in achieving its long-term goals. With more than 30 years of experience in the hospitality industry, including comprehensive capabilities directing sales and business development, DeMille will work with the property team to create synergies and continue delivering unparalleled service at the resort.

“Joseph is an ideal candidate for this role,” said Jeffrey Klein, Vice President and Managing Director at Turnberry Isle Miami. “His history of building high performance sales cultures at established hotels and resorts makes him a great leader for this team. We look forward to seeing the impact of his great depths of experience and knowledge at Turnberry Isle Miami.”

In his new role, DeMille will lead a team of seasoned professionals in the resort’s Sales, Marketing, Public Relations, Catering, Reservations and Event departments. He will be responsible for maintaining overall guest and employee satisfaction as well as driving marketing strategies, financial success and operational excellence. DeMille will also work closely with the senior management and executive teams to bring the resort’s strategic vision and property goals to life. 

DeMille began his career with Hyatt Hotels & Resorts, where he held roles at 11 Hyatt properties over 18 years. Following his tenure at Hyatt, DeMille pursued a position with industry leader Ritz-Carlton in their Resort Division. After successfully completing the Malcolm Baldrige recertification with The Ritz-Carlton Amelia Island, he embarked on a 10-year career with Starwood Hotels and Resorts overseeing global sales development. DeMille joined Dolce Hotels & Resorts in 2010 as Senior Director of Business Development until January 2013 when he assumed the role of Regional Director of Sales and Marketing for Dolce Atlanta-Peachtree. His proven success in identifying and capturing market opportunities through top-producing marketing campaigns earned him multiple awards including “Director of Sales of the Year” and “Sales Production Leadership Award.”

A New Jersey native, DeMille holds a Bachelor of Science in Food Administration from Rochester Institute of Technology, where he pursued a career in Hospitality Management. In his free time, he enjoys playing golf, going to the beach and spending quality time with his two sons, Joe and Jack. Additionally, DeMille is an active board member of the Society for Collegiate Travel and Expense Management (SCTEM), a professional organization responsible for providing its membership of travel professionals with quality education and networking within the higher education sector and business travel industry.

GRAND BAHAMA ISLAND, Bahamas - August 11, 2015 - Grand Lucayan, an award-winning, classic Bahamian resort, proudly announces the addition of Jean Anderson as Marketing Manager for the iconic Grand Bahama Island property. 

Anderson will work from the headquarters in South Florida to develop effective sales, marketing and branding strategies with a focus on the North American market. She will also oversee marketing efforts for both consumer and travel trade markets and act as a liaison between the property and valued third party partners.

“Jean’s in-depth understanding of the Caribbean and expertise working within the hospitality industry make her the ideal candidate to join the Grand Lucayan family,” said Tom Anderson, Chief Marketing Officer for Grand Lucayan, Bahamas. “We take pride in our knowledgeable and accomplished marketing team and are thrilled to enlist Jean’s skills and proven track record to continue growing the Grand Lucayan brand.” 

With nearly a decade of marketing experience with a focus on the hospitality industry within the Caribbean, Anderson brings valuable insight to her new position. Prior to joining Grand Lucayan, she held multiple titles with the Carlson Company, including Group Sales Coordinator for Radisson Resorts in Aruba and Saint Martin, Sales and Marketing Coordinator for the Radisson Aruba Resort, Casino & Spa and, most recently, Marketing Manager for the Radisson Aruba Resort, Casino & Spa. During her time with the Carlson Company Anderson successfully managed promotional marketing and brand strategy, public relations, guest and interdepartmental communications and sales team processes. Prior to that, Anderson held the titles of Marketing Coordinator, Brand and Promotions Associate and Brand and Promotions Contractor for various divisions of Tribune Media, one of country’s leading multimedia corporations. 

Offering a classic Bahamian experience, Grand Lucayan is an ideal destination for travelers for its connectivity, affordability, and the range of soft adventure activities available on the island. For more information, or to reserve your next meeting or event visit www.GrandLucayan.com or call (877) 661-7448.

AUSTIN, TEXAS (August 11, 2014) - Hospitality Financial and Technology Professionals (HFTP®), the global leader in hospitality finance and technology professional associations, is currently developing and organizing CIO Summits (including “de facto” CIO’s who might have other titles) that will take place outside of the USA during 2016 and beyond. These exclusive, invitation-only, boutique events will serve to unite the technology professionals leading the hospitality industry around the globe for the purpose of education, networking and industry growth. 

“Currently, HFTP is the sole association sponsor and partner with Hospitality Upgrade, who organizes the hospitality CIO Summit in the USA,” explains HFTP CEO Frank Wolfe, CAE. “HFTP is leveraging our network, experience and expertise to spread those opportunities outside the USA where our presence is most requested.”

Each summit to be produced by HFTP will have a planning team comprised of HFTP staff, HFTP partners, as well as, qualified executives in the industry. The summit agendas will be created by C-levels for C-levels to ensure relevant and engaging topics are being addressed and that each event is highly interactive and valuable. 

These events are also intended to create a “non-sales” event cocoon for the attendees and will have limited supplier attendance. The sponsors who do attend will be interested in networking with the attendees and establishing a foundation for future relationships.

In addition to tremendous educational opportunities for attendees, the information collected throughout the summits will be aggregated and presented in white papers to educate hospitality consumers, hoteliers and suppliers. These events will also assist HFTP in keeping the world’s only hospitality technology certification program, the Certified Hospitality Technology Professional (CHTP) relevant and desirable.

For more information on how to become an inaugural sponsor or to request attendee information when it becomes available, email HFTP’s Chief Marketing Officer, Jennifer Lee, CAE, at Jennifer.Lee@hftp.org or HFTP’s CEO Frank Wolfe, CAE, at Frank.Wolfe@hftp.org.

By Trevor Warner 

As an update to our first article on the lawsuit filed by Nomadix against Blueprint RF, a federal judge ruled allegations of deceiving federal patent examiners could go forward against Nomadix Inc., an NTT Docomo Company.

The allegations are counterclaims by smaller rival and defendant Blueprint RF which Nomadix accused of patent infringement. Chief among the accusations is an alleged infringement on the concept of a captive portal page. The page is what a user sees when logging into a hotel, airport, coffee house or any other Wi-Fi system that requires log in.

The ruling in the U.S. District of Central California turns the tables on Nomadix, which sued Blueprint RF in October 2014. Nomadix accused the company of infringing on 10 patents, but since has withdrawn three of the patents acknowledging that Blueprint RF does not perform those claims.

Blueprint RF responded in counterclaims that the patents were invalid and unenforceable because of the alleged fraud perpetrated by Nomadix. If the court finds for Blueprint RF, the claims could apply to all seven patents remaining.

Blueprint RF’s accusations of inequitable conduct contain enough specific information to meet the legal standard to overcome Nomadix’s motion to dismiss the counterclaims, Judge Dean D. Pregerson ruled on June 29. Inequitable conduct is considered to be a form of non-criminal fraud.

Nomadix had sought to dismiss the counterclaims, saying the allegations were too general to meet any legal standard to go forward.

Blueprint RF’s allegations are supported by the identities of Nomadix representatives who might have engaged in the scheme, including names of attorneys who filed the Nomadix patents at issue. Further, the allegations include a clear description of how Nomadix representatives might have carried out the scheme, the judge ruled.

Blueprint RF’s counterclaims also include sufficient specific information indicating that the Nomadix lawyers knew they intended to deceive the patent officials, “given the totality of the circumstances,” Pregerson said. 

To read the remainder of this very important industry update please visit: 

http://www.hospitalityupgrade.com/techTalk/Articles/Have-Internet-The-Lawsuit-the-Entire-Hotel-Industry-Is-Watching/

NEW YORK – Aug. 11, 2015 – The Trump Organization announced today that it has appointed Eric Danziger as Chief Executive Officer of their luxury hotel management company, Trump Hotel Collection. Mr. Danziger, a renowned figure in the hospitality industry with more than 45 years of experience, is charged with overseeing global operations, brand strategy, and the expansion of Trump Hotel Collection, currently one of the fastest growing luxury hotel companies in the world. With a portfolio of 14 hotels, including iconic assets such as Trump National Doral, an 800 acre property in the heart of Miami; Trump International Hotel Washington D.C., one of the most sought-after re-development opportunities in the country; and Trump International Hotel & Tower, the only hotel in North America that has achieved five stars (Forbes) and five diamonds (AAA) for both the hotel and restaurant, in addition to three Michelin stars for the restaurant; and many others, Trump Hotel Collection properties are known for achieving the highest accolades and are located in prime locations worldwide.

Mr. Danziger joins The Trump Organization following roles as President and CEO of Starwood Hotels, President and COO of Carlson Hotels Worldwide and President and CEO of Wyndham Hotel Group, where he was instrumental in each of their respective organizations. Most recently, Mr. Danziger held the role of President and CEO of Hampshire Hotels Management LLC., where he introduced Début Hotel Group, a collection of lifestyle hotel brands.

“Trump Hotel Collection has been an amazing success, and we are very pleased to welcome Eric to the company. We have some of the greatest hotels in the finest locations in the world. Eric will play a vital role in our continued expansion and the incredible future of Trump Hotels,” said Donald J. Trump, Chairman & President of the Trump Organization.

“I couldn’t be more thrilled and honored to be joining the Trump family as the CEO of Trump Hotel Collection. Having started as a bellman at a luxury hotel 44 years ago, being named as CEO of Trump Hotel Collection today, undeniably one of the most amazing luxury brands on the planet, is the stuff of fairy tales – and of the American Dream. To lead this prestigious company alongside Donald, Ivanka, Donald Jr and Eric, who are thoughtful, caring, incredibly smart and deeply passionate people, will be a personal cherished highlight. I fully believe that the Trump Hotel brand has significant domestic and global opportunities and look forward to a very dynamic growth trajectory,” said Eric Danziger.

Ivanka Trump, Executive Vice President of the Trump Organization added, “We are incredibly excited for Eric to lead Trump Hotel Collection into its next phase of growth. With four new hotels opening in 2016 alone, it is a very exciting time for our company. In selecting a CEO it was important that we identified someone who shares our passion for excellence and entrepreneurial spirit, and we found that person in Eric.”

Mr. Danziger is the recipient of numerous industry awards and honors including, most recently, the first-ever “Inspirational Industry Icon” award granted by the South American Hotel Investment Conference. He also was named the “Northern California Ernst and Young Entrepreneur of the Year” in real estate, hospitality and construction; a “UJA Federation Honoree;” and he received the coveted Arthur Landstreet award from HSMAI. 

Additionally, as member of the Industry Real Estate Financing Council and the Urban Land Institute, Mr. Danziger has served as Chairman of the American Hotel & Lodging Strategic Planning Group and is active with major universities. He has been featured as a distinguished lecturer at Cornell and is a visiting professor at Johnson and Wales University, where he holds an honorary doctorate.

DUBAI, United Arab Emirates—August 12, 2015—    Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) and leading real     estate developer Dubai Properties today announced an agreement to open     four new hotels in Dubai under Starwood’s Aloft and Element brand flags.    This milestone signing strengthens the company’s mid-range portfolio     with 11 announced deals year to date and more than 50% of Starwood’s     Middle East pipeline.   

Scheduled to open in 2018, the four new Aloft hotels and Element hotel will introduce 816 rooms in Dubai while expand Dubai Properties’ developments within the hospitality sector. The deal is in line with the Dubai Government’s focus on mid-scale hotel development ahead of the Dubai World Expo 2020.

“I would like to thank Dubai Properties for putting their trust in Starwood and advancing the growth of Aloft and Element brands in the UAE with these four hotels,” said Michael Wale, President, Starwood Hotels & Resorts, Europe, Africa and Middle East. “As the fastest growing brand in the history of hospitality, Aloft meets Dubai’s demand for mid-scale hotels in both urban and industrial areas that bring life, innovation and personality at a great value.”

Naaman Atallah, CEO of Dubai Properties, said: “As Dubai prepares itself to host a memorable World Expo 2020, Dubai Properties is proud to sign a four-hotel deal with Starwood Hotels & Resorts. The hotels under the Aloft and Element brands will offer two new concepts to the existing mid-market category in the Emirate, which will emerge as a vital segment in the run to the exposition. The time is right to launch new hospitality projects as demand for new hotel rooms continues to increase and culminate around this major event. Going forward, Dubai Properties will continue to offer modern, elegant, and cost-effective hospitality solutions for the emirate’s booming tourism industry.”

In the Middle East, Aloft hotels is spearheading Starwood’s growth in the mid-market segment and is expected to quadruple by 2019. The brand is redefining the category by delivering urban-influenced, modern and vibrant design and a social guest experience at an affordable price point.

“We continue to experience increased worldwide demand for our mid-market brands given their global appeal for guests and strong performance,” stated Simon Turner, President, Starwood Global Development. “This is particularly true for Aloft where signings have more than doubled globally versus the same time last year including a surge of signings in the Middle East. With its innovative programming, design and tech-savvy approach, Aloft is especially well positioned to grow throughout the Middle East.”

The three new Alofts in Dubai will feature the brand’s signature W XYZ® Bar, where guests can mix and mingle over the hottest new music; and re:fuel by Aloft, the grab and go eatery open 24 hours a day, in addition to an all-day dining outlet. Other amenities include re:charge the fully equipped fitness centre and a refreshing outdoor Splash pool, in addition to a backyard exterior public space, Clean Guest Laundry services, and Bliss Spa products. 

Aloft Dubai Dubiotech

Featuring 227 guest rooms, Aloft Dubai Dubiotech will be located in the world’s first free zone area dedicated to the life science industry. The hotel is 20km from the Dubai International Airport and 40 km from the new Dubai World Central International Airport. The hotel will also be equipped with three meeting rooms.

Aloft Dubai Studio City

Aloft Dubai Studio City comprises of 200 guests rooms, meeting space of up to 120 sqm and all of Aloft’s signature brand elements. The hotel is located in Dubai Studio City, a part of Dubai Media City that drives business in broadcast, movie, television and music production. Located 15 minutes from Dubai International Airport and the city centre, Dubai Studio City is easily accessible from all areas of Dubai.

Aloft Dubai IMPZ

Aloft Dubai IMPZ is located in Dubai’s dedicated media production zone, International Media Production Zone (IMPZ). The hotel will offer 221 guest rooms and will serve as a hub for the art, printing, publishing and media production businesses in the area.

Element Dubai IMPZ

Element, Starwood’s eco-innovation lab, is designed for today’s healthy, active traveler, with a nature-inspired design philosophy that is clean, modern and bright. Element IMPZ will offer guests 168 studio accommodations and double rooms for guests to relax and recharge from the stress of travelling. Signature amenities range from healthy RISE breakfast and RELAX evening reception to saline swimming pools, spacious fitness centres, bikes-to-borrow and electric vehicle charging stations.

“The UAE presents great opportunities to expand in the mid-market sector where there is a high demand for reliable and affordable hospitality,” said Bart Carnahan, Senior Vice President Acquisitions & Development, Starwood Hotels & Resorts, Europe, Africa & Middle East. “Aloft and Element are revolutionizing the hospitality industry, and we are excited to expand our already strong footprint in the market by introducing these brands into areas of Dubai where Starwood currently does not have a presence.”

Starwood currently operates 51 hotels and resorts across the Middle East under eight of the company’s ten distinct lifestyle brands including: The Luxury Collection, St. Regis, Sheraton, Westin, W Hotels, Le Méridien, Four Points by Sheraton and Aloft. The company has plans to double its portfolio in the region in the next five years. Dubai remains the company’s second largest market after New York City with 15 operating hotels. 

Steigenberger’s third brand Jaz in the City is young, dynamic, hip and inspirational. As the planned openings of the first Jaz Hotels in Amsterdam and Stuttgart approach, it has now been announced that Hasan Yigit is to be “Mr. Jaz in the City”.

Mr. Yigit is by no means an unknown quantity at Steigenberger. After completing dual training at Hotel Management School and a degree in Tourism Management in Turkey and Germany, he began his career at the former Steigenberger Falez in Antalya. Mr. Yigit went on to be the Managing Director of a number of well-known companies within the tourism and hotel sectors, where he also held responsibility for the establishment of new brands. 

With effect from 1 October, he will be taking on the positions of Vice President of Jaz in the City and Managing Director of Jaz GmbH. The aim is to launch eight further hotels at significant locations over the next five years.

Within the scope of its “2020 Corporate Strategy”, Steigenberger Hotels AG is organising itself into four separate business divisions. These are Steigenberger City Hotels, Steigenberger Resort Hotels, InterCityHotels and Jaz in the City. 

“Hasan Yigit is a true cosmopolitan, who has grown up in two cultural circles and who has lived and worked in both Germany and Turkey,” said Puneet Chhatwal, CEO of Steigenberger Hotels AG. “He possesses the necessary expertise to achieve a successful positioning of our third brand as we continue to pursue our policy of international expansion.”

For further information, please visit www.jaz-hotel.com.

DALLAS, August 12, 2015  — Alliance Hospitality, a premier hotel management company, announced today that Ron Disbrow has been hired as General Manager for its Doubletree by Hilton hotel property located in Dallas, Texas. Rolf Tweeten, Chairman of the Board for Alliance Hospitality, made the announcement.

Ron’s career in the hotel industry spans nearly 30 years. This includes time spent as GM of two other Doubletree hotels, one in Dallas – Farmers Branch and one in Nashville, TN. He began his career in the industry serving as a member of the Executive Leadership Team at Impac Hotel Group, growing the organization from 4 hotels to over 50 hotels. 

Located in the heart of the Dallas Market District, just west of downtown, the hotel features 227 guest rooms with the 11 junior suites. The 11-story building also offers rooms with city views and some rooms include balconies.  It includes 7,500 sq. ft. of meeting and event space and is only a two-mile drive from the Dallas Convention Center.

“Ron has a strong track record of success,” said Tweeten. ‘His experience as an accomplished leader and manager will be important as we work together to strengthen the Dallas Market Center Doubletree’s position as a market leader.”

ST. LOUIS, Aug. 12, 2015 —Isle of Capri Casinos, Inc. (NASDAQ:  ISLE) announced today that the Company will close its casino property in Natchez, Mississippi, and has entered into a definitive agreement to sell its Natchez hotel and certain related non-gaming assets to Casino Holding Investment Partners, LLC, the parent company of Magnolia Bluffs Casino, for $11.5 million.  The transaction is expected to close in October 2015, subject to customary closing conditions. 

“We are proud of all that we have accomplished together and we thank our team members for their dedication and hard work in the many years we have operated in Natchez,” said Virginia McDowell, the Company’s president and chief executive officer.

Isle Natchez is expected to remain fully operational until its closure and will honor all room reservations and events until that time.