Lately, it seems like everyone wants to buy - or sell - an independent hotel management company. And this may be one of the best times to do so in a long while. Here are some thoughts on this timely subject by two of our hotel lawyers who have just completed a successful sale of an independent operator.
Travel is expected to increase across all generations this fall according to a national survey by D.K. Shifflet & Associates. Boomers show the largest increases over 2013 and they along with GI/Silents are the most likely to travel with about six out of ten planning to travel at least once this fall. The number of Millennials planning to travel this year is about the same as last year.
As I often say in my training workshops, a hotels guest services staff is now part of the marketing and PR department! With the continued explosion of social media postings and online guest reviews, the walls of hotels are essentially made of glass; everything that happens within can clearly be seen by basically anyone in the outside world. This can either be a hotels worst nightmare or its dream opportunity for viral marketing that is free of charge, depending on interactions your guests are having every day with your guest services colleagues.
After accounting for differences in branding, location, property age and condition, market size, and property type, do different management companies still produce significantly different results? This article shows that the answer is: YES.
Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced thatThomas B. Mangas has been named Executive Vice President, Chief Financial Officer, effective September 29, 2014. Mangas will be a member of Starwood's Senior Leadership Team and report to President and Chief Executive Officer Frits van Paasschen.
Affiliates of Northview Hotel Group, in partnership with a fund managed by an affiliate ofApollo Global Management, LLC (NYSE:APO) have announced the acquisition of Hotel Madeline Telluride, Telluride's premier hotel and residences.
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