Hotel News Resource
May, 7 2019
Hyatt Herald Square New York
Park Hotels & Resorts Acquires Chesapeake Lodging Trust for $2.7 Billion
Park Hotels & Resorts Inc. (NYSE: PK) and Chesapeake Lodging Trust (NYSE: CHSP) today announced that they have entered into a definitive merger agreement under which Park will acquire all the outstanding shares of Chesapeake in a cash and stock transaction valued at approximately $2.7 billion (inclusive of transaction costs). Read More
Hospitality Financial Leadership
Hospitality Financial Leadership - The Financial Forecast Disconnect and How to Correct It - By David Lund
Hospitality Financial Leadership - The Financial Forecast Disconnect and How to Correct It
When I work with hotel clients around their financial leadership it’s often centered on getting the team to do their monthly financial forecast. A greater interest in doing it produces better and more consistent results. When doing financial leadership workshops and individual coaching, I inevitably discover the same thing time and time again. It’s the disconnect between the executive team/director of finance part of the operation and the department line managers. In this piece I am going to explain why this disconnect exists, how to detect it and what you can do to fix it. Read more
Market Report St. Louis
HVS Market Report - Destination Downtown St. Louis - By Daniel P. McCoy
HVS Market Report - Destination Downtown St. Louis
The St. Louis hotel market is at an exciting turning point, with several new, lifestyle-oriented properties set to make their mark this year. These new hotels will make a statement for the local hotel scene as this Midwest city’s status as a regional tourism destination continues to grow. Read more
Coworking Hotels
Accor Launches Plan with WOJO to Become Largest Coworking Brand in Europe by 2022
Accor launches plan with WOJO to become largest coworking brand in Europe by 2022
Accor today announced a plan to implement 1200 coworking spaces in under 3 years for WOJO to become the leading coworking brand in Europe by 2022. Read more
Hotel Development California
Hacienda De Léal in Monterey Bay Area Joins Ascend Collection
Hacienda de Léal in Monterey Bay Area Joins Ascend Collection
panish-Themed Hotel in San Juan Bautista Inspired by Historic California Mission Read more
JA Resorts & Hotels Development Update
JA Resorts & Hotels Growth and Expansion Plans
JA Lake View Hotel at JA The Resort Dubai
JA Resorts & Hotels, one of Dubai's longest-serving homegrown hospitality brands, has recently announced growth and expansion plans; from a growth trajectory to Tanzania and beyond, a 30+ hotel expansion into China aimed at Millennials, and 10 new Food & Beverage concepts set to open in 2019. Read more
Hotel Development Malaysia
Hyatt Announces Plans for Hyatt Centric Kota Kinabalu in Malaysia
Hyatt Centric Kota Kinabalu
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with a wholly owned subsidiary of Hap Seng Consolidated Berhad group to develop a Hyatt Centric hotel in Kota Kinabalu, Sabah. Expected to open in 2021, Hyatt Centric Kota Kinabalu will be the first Hyatt Centric hotel in Malaysia. Read more
Hotel Development Canada
Hotel Equities Expands Canadian Portfolio With the Addition of Six Hotels
Partners with Braemar Group to operate current portfolio and assist with future development projects Read more
Management Appointment Radisson Hotel Group
Efrem Berman Named Vice President of Global Loyalty for Radisson Hotel Group
Berman joined Radisson Hotel Group in 2017. During this time, he has rebranded the loyalty program to Radisson Rewards and repositioned the program as a strategic enabler of the company. Read more
Hotel Opening Austria
Andaz Vienna Am Belvedere Hotel Opens in Austria
Andaz Vienna Am Belvedere Hotel Opens in Austria
Hyatt Hotels Corporation (NYSE:H) announced today that Andaz Vienna Am Belvedere opened on 30 April 2019, marking the Andaz brand’s entry into Austria. Read more

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In Brief...

Panic Button Initiative
Seattle Initiative Reaches State Supreme Court

Park Hotels & Resorts Results
Park Hotels & Resorts Inc. Reports First Quarter 2019 Results

Reserve Direct Rebrands
Reserve Direct Consolidates; Rebrands As Tripster

Hotel Opening Wisconsin
SpringHill Suites by Marriott to Open in Wauwatosa, Wisconsin

Hotel Opening China
Hyatt Place Tongxiang Train Station Hotel Opens in Zhejiang Province, East China

Hotel Opening Peru
AC Hotel Lima Miraflores Opens in Peru

Hotel Opening Mexico
Holiday Inn Express Merida Centro Hotel Opens in Yucatan, Mexico

Hotel Opening Algeria
Radisson Blu Hotel Algiers Hydra Opens

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