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January 25, 2013News for hotel and lodging professionals

  Front Desk 
  • Summit acquires 3 Hyatt Place hotels for $36.1M
    Summit Hotel Properties says it has closed on a $36.1 million purchase of three hotels under the Hyatt Place brand. The new acquisitions are the 149-room Hyatt Place Orlando/Convention Center and the 151-room Hyatt Place Orlando/Universal in Orlando, Fla., as well as the 126-room Hyatt Place Chicago/Hoffman Estates in Hoffman Estates, Ill. HotelsMag.com (free registration) (1/24) LinkedInFacebookTwitterEmail this Story
Selling your business? Here are 7 things you should do now.
If you're considering selling your business, you should be doing everything you can to get the best possible price. In just 7 simple steps you can improve your chances of attracting buyers and getting big bucks for your business. Read the article and learn the 7 steps.

  Business Update 
 
  • Loews Hotels aims to expand global portfolio to 50 in 3 years
    Loews Hotels & Resorts is looking to ramp up its property construction and acquisition efforts around the world to reach its goal of having 50 hotels by 2016, says Troy Furbay, Loews' chief investment officer. "We're likely to grow five hotels a year, which won't get us to the goal of 50 that we want to have in three years, so along the way there will be a company acquisition or portfolio acquisition to get us up to scale that way. The right size [of portfolio] for us would be to buy 10, a dozen or 15 hotels in one deal," Furbay said. HotelNewsNow.com (1/24) LinkedInFacebookTwitterEmail this Story
  • Red Lion Hotels announces plans for boutique hotel brand
    Red Lion Hotels has announced that it will unify the historic hotels and boutique properties in its portfolio under a new brand, called The Leo Hotel Collection. The new brand joins Red Lion Hotels and Red Lion Inns & Suites under the company's new franchising system. "With three brand segments, we can now match the hotel, its amenities and offerings for our guests with the right brand option. The Leo Hotel Collection offers additional appeal for independent hotels looking for access to a franchise distribution system while maintaining their unique image and identity," said Ron Burgett, an executive vice president at Red Lion Hotels. TravelPulse (1/23) LinkedInFacebookTwitterEmail this Story
  • Other News
eBook: Why It's Time to Evaluate Your Timekeeping System
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  Market Trends 
 
  • Lodging industry posted growth in Q4, STR reports
    Data released by STR indicate that revenue per available room at U.S. hotels rose 6.5% in the fourth quarter. Average daily rate during the same period increased by 4%, while occupancy was up 2.4%. "We expect this pattern will continue in 2013, as demand growth slows somewhat and ADR traction holds. Room supply growth is gaining momentum -- up 0.7% in the quarter -- but we don't expect new hotel room capacity will be a major drag on overall 2013 industry performance," said Bobby Bowers, a senior vice president at STR. TravelPulse (1/24) LinkedInFacebookTwitterEmail this Story
  • Jones Lang LaSalle reports positive investor outlook for Asia-Pacific
    Hotel markets in the Asia-Pacific region are expected to see strong investor interest in 2013, Jones Lang LaSalle says in its latest Hotel Investment Outlook report. Top targets for hotel acquisition include Tokyo and Osaka, Japan; Phuket, Thailand; and Ho Chi Minh City, Vietnam. However, the low volume of properties for sale could hamper transactions activity, Jones Lang LaSalle says. HotelsMag.com (free registration) (1/23) LinkedInFacebookTwitterEmail this Story
  • Other News
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  Best Practices 
  • Column: Exceptional service is the mark of a praiseworthy hotel stay
    Hotels that differentiate themselves through top-quality service and amenities have a better chance of garnering positive comments from guests and landing in their good books, Alan Campbell writes. "What makes a place stand out is that special ... oomph!, if you will, that forces a guest to take notice of all those things that makes one's stay memorable, enough so that they will volunteer their positive comments to management," Campbell writes. eHotelier.com (1/24) LinkedInFacebookTwitterEmail this Story
  Development 
  • Cosmopolitan unveils new events center project
    Work is under way on a 3,000-seat events center at the Cosmopolitan of Las Vegas. The theater, which will be called the Chelsea, is expected to open by the end of the year. CEO John Unwin said the facility would help the hotel get larger convention bookings. "You'll be having the keynote speaker from Google or Apple addressing their group in here one day, and the next day maybe you'll have a general session in here for a convention, and then the next day you'll have a big concert or boxing," Unwin said. Las Vegas Review-Journal/The Associated Press (1/23) LinkedInFacebookTwitterEmail this Story
  • Other News
  Government Affairs 
  • Hilton, Marriott execs: Countries need Smart Visa rules
    At the World Economic Forum in Davos, Switzerland, this week, Hilton and Marriott executives urged governments to enact Smart Visa regulations. These policies have enabled governments to collect and share more data, bolster security, boost efficiency and lower government spending -- all while offering a better customer experience, this feature says. "Smart governments are thinking about international travel and tourism as trade, and they are doing everything they can to remove barriers and be more strategic in addressing visas and other access issues that discourage people from traveling and doing business," said Marriott's president and CEO, Arne Sorenson. TravelPulse (1/23) LinkedInFacebookTwitterEmail this Story
  AH&LA News 
  • AH&LA member savings ends soon
    Time is running out to save on the only HR conference for our industry -- HR in Hospitality, March 11-13 in Las Vegas. Register by Feb. 25 at www.HRinHospitality.com to attend for $1,145. AH&LA members should e-mail membership@ahla.com for a promo code to attend for $920. LinkedInFacebookTwitterEmail this Story
  • Strengthen expertise, affect industry change
    Sit side-by-side with industry professionals working in your same capacity in a forum dedicated to furthering your specialty. AH&LA members can participate in more than 30 committees, ranging from HR to technology and F&B and everything in between. Most meet twice a year and there's no cost to join. Learn more at www.ahla.com/committees. LinkedInFacebookTwitterEmail this Story
Learn more about AH&LA ->Home  |  Join AH&LA  |  Educational Institute  |  Foundation

  Sponsored Poll 
  • What would you see as the primary advantage of an intelligent system for your business?
    Improved customer service  55.16%
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  SmartQuote 
In youth we learn; in age we understand."
--Marie von Ebner-Eschenbach,
Austrian writer


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