New Designation Created for Senior Asset Managers
As the hotel industry has grown, so has the need for qualified asset managers. The Hospitality Asset Managers Association (HAMA) was created in 1991 and the group earlier this month unveiled the formation of the Certified Hotel Asset Manager (CHAM) designation. ...
Keys to Developing a Successful Short-Stay Destination
Management company executive John Logan is joining LHonline as a regular contributor. His stories will focus on a wide range of hotel development operations issues, Today, he launches a three-part series on the keys to developing a short-stay destination. First up is the role of location....
Hotel Developer Lies Down On the Job
When real estate developer Brian Obie was building his recently opened hotel in Eugene, Oregon, he decided to move things in the right direction by lying down on the job. Literally. “A lot of people want to know they’re going to sleep on a good bed. That’s the foundation of the experience. If you don’t have a good bed, you don’t have much,” says Obie. “So my wife and I went to different hotels and then bought six different mattresses and springs into our house to try.”...
Lone Star Court Introduces Retro Motor Court Concept
What’s old is new, again. And now, the motor court is back. “The idea came from passing by old motor courts that were kind of run down and saying, 'Wouldn’t it be fun to buy one and fix it up?’” says Doyle A. Graham Jr., president of Valencia Group. ...
Best Western Is Latest to Partner with Soap Recycler
Best Western International has partnered with Clean the World to recycle hotel soap and bottled amenities and provide poor folks around the world with hygiene care. Clean the World is a non-profit that collects used soap products from hotels, remanufactures them and distributes them to U.S. and Canadian homeless shelters as well as missions in 45 countries. ...
The SEO Obsession
Many GMs, revenue managers and marketing directors at independent hotels are obsessed with search engine optimization (SEO) and in my opinion it’s almost entirely a waste of money and time. There’s a myth, perpetuated by digital agencies that make a lot of money ...
Vacation Ownership Goes Global
The vacation ownership is undergoing a renaissance following its abrupt downturn as a result of the global financial meltdown. Wall Street and other investors are again looking at timeshare in a positive light. And many companies are looking beyond North America for development opportunities....
Top Hotel Owners Survey
The June 2012 issue of Lodging Hospitality will include our Top Hotel Owners Survey. Please take a few moments to complete this short questionnaire....
Top Management Company Survey
The June issue of Lodging Hospitality magazine will include Lodging Hospitality’s annual Top Management Companies Survey. If you work for a management company, please take a few minutes to fill out this survey. ...
Timeshare Business Continues to Rebound
The mood was understandably festive as executives gathered in early April in Las Vegas to cut the ribbon on Holiday Inn Club Vacations’ newest property, the 640-unit Desert Club Resort just a few blocks east of The Strip. Holding the ribbon was Don Harrill, president & CEO of Orange Lake Resorts, the developer of Holiday Inn-branded timeshare properties. Despite the lingering stagnation in the economy, Orange Lake Resorts is enjoying strong success in finding the needed funding for expansion....
ABVI Makes Renovations Easy as 1-2-3
For Americas Best Value Inn owners, “renovations are as easy $1, $2, $3” a day. Vantage Hospitality and one of its preferred vendors, American Hotel Register Company, created a program offering owners the ability to choose one of three packages and pay $1, $2 or $3 a day per room if renovations are needed....
2012 Design Awards: Building Success
The amount of new openings in recent years has dwindled as a result of the credit crunch, but three new developments persevered through the downturn to open last year and ultimately prevail in this year’s Lodging Hospitality Design Awards contest....
IHG Upgrades Extended Stay Brands
IHG is a hotel company that knows how to accomplish a brand overhaul. After all, it recently oversaw a total refresh of the massive and iconic Holiday Inn brand. Now, IHG is working with one of its ownership groups, Hospitality Properties Trust, to renovate a big portion of its Staybridge Suites and Candlewood Suites extended stay portfolio....
The Changing Landscape of Hotel Management Agreements
Just when the hospitality industry economy is starting to improve, there is a new threat to the business model: owners are literally throwing operators out—whether or not they have the contractual right to do so....
HotelRED Brings Boutique to Madison, WI
Mike Erikson is getting his feet wet in the lodging industry with HotelRED, a 48-room boutique hotel in Madison, WI. Built across the street from across from Camp Randall Stadium on the University of Wisconsin campus, the hotel has a modern, almost minimalist design....
How to Estimate Hotel Mortgage Interest Rates
In today’s low mortgage interest rate environment, hotel investors need to constantly monitor the cost of financing to ensure they lock-in the lowest possible rate. Generally, a hotel investment consists of a large amount of mortgage money (55%-75% of the total investment) and a smaller amount of equity capital (25%-45%). Thus 55% to 75% of a hotel project's cost of capital ...
Meetings Business Bounces Back
It wasn’t that long ago meetings had a bad name to many people, including the federal government. That’s all changed in 2012. While the volume of meetings—especially at luxury venues—and the prices groups are willing to pay aren’t yet back to pre-recession levels, full recovery is very close. ...
New Website Offers Low Rates to Industry Workers
Hotel employees have a new perk, a growing collection of courtesy rates at hotels worldwide. The deals are listed on the new Hospitality Grapevine website www.hospitalitygrapevine.com and are available exclusively to folks in the hotel business....
Microtel Gets an Image Overhaul
Microtel, the 13-year-old economy brand, is getting an image facelift. The brand will now be known as Microtel Inns & Suites By Wyndham. The relaunch, as Wyndham is calling it, will be accompanied by new signage and a multi-channel marketing campaign that will leverage Microtel’s uniqueness as a pure new-construction brand. ...
Hilton to Add 500 Restaurants
Hilton Worldwide plans to open at least 500 new restaurants in its hotels around the world in the next three years. To help, the company has a matchmaking website, www.hiltonrestaurantconcepts.com....
Increasing Efficiency in Hotel Laundries
A hotel’s laundry room may not be thought of as the most advanced, efficient operation within the building—but why not? Laundry managers have more options today to improve this necessary function of a hotel....
Denihan’s New President Aims to Double Portfolio
As the new president of 50-year-old Denihan Hospitality Group, David Duncan is the first non-family member in such a top leadership position. He joined the company as CFO in 2003 and has grown into the newly created position. There, he reports to Denihan co-CEOs and owners, Brooke Denihan Barrett and Patrick Denihan. ...
Conferences Explore Caribbean Investment Opportunities
The Caribbean hospitality industry is facing some tough challenges. Higher fuel prices reduce the region’s ability to compete for visitors with other destinations and increase operating costs for hotels and resorts. Airlift into the region is always a concern and now, according to recent press reports, American Eagle is considering abandoning its inter-island air service in the region. And the individual governments in the area have a poor record of working together to market the Caribbean as a single destination....
Melchiorri Brings Lodging to TV with “Hotel Impossible”
Anthony Melchiorri isn’t a TV personality doing a hotel show. He’s a hotel guy doing a TV show. His resume and approach on camera make that clear from the first episode of “Hotel Impossible,” a new original weekly one-hour series premiering Monday, April 9 at 10 p.m. on the Travel Channel....
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