LODGING Staff - 10 Minutes News for Hoteliers - Page 137

2 min

Wyndham Launches Accelerator Circle as Networking Platform for Diverse Hoteliers

📌 In Parsippany, New Jersey, Wyndham's networking initiative for BOLD and Women Own the Room franchisees includes peer-to-peer connections and mentorship to advance hotel openings and performance. More than 90 hotel deals have been made with Black and women hoteliers, resulting in over 20 hotels now open. Wyndham's Accelerator Circle, kicking off this fall with WaterWalk CEO Mimi Oliver, will feature quarterly virtual meetups led by industry professionals. Mimi Oliver has raised over $100 million in equity and brings extensive hospitality experience to the initiative.

3 min

Choice Hotels Introduces Lobby in a Box Design Package

🏨 In Maryland, Choice Hotels introduced Lobby in a Box for Suburban Studios and MainStay Suites, promising lobby transformations in 120 days. The modular design enables hoteliers to cater to extended-stay guests with multifunctional, income-generating spaces. Following the success of Kitchen in a Box, which has been implemented in over 30 hotels since spring 2022, Lobby in a Box supports franchisees in expanding into high-barrier extended-stay markets. Hotel owner Rushi Vaidya reported a 43% increase in RevPAR and a 10.2% rise in guest satisfaction after conversion. Choice Hotels is set to open its 500th extended-stay property this year.

3 min

Aimbridge Summarizes Talent Updates and Service Offerings From 2024

📈 Aimbridge Hospitality in Plano, Texas, experienced leadership changes in 2024, welcoming Craig S. Smith as CEO, among others. Their focus is on operational excellence, innovation, and partnership. Over 800 general managers have undergone the GM Connect program, reducing GM turnover by 48%. Aimbridge rebranded to Aimbridge Commercial in September, showcasing a revenue-focused approach. Their mobile app has facilitated over 12,000 employee shift trades since its 2023 launch. Aimbridge Intelligence provides owners with near real-time performance data.

1 min

Maverick Adds Renaissance Chicago O’Hare Suites to Portfolio

🏨 Maverick Hotels and Restaurants expands into metropolitan Chicago market with Renaissance Chicago O’Hare Suites. CEO Robert Habeeb announced the portfolio addition, which features 362 suites, over 15,000 square feet of meeting space across 16 rooms, and amenities like a fitness center, indoor pool, and three dining outlets. Conveniently located near Chicago O’Hare International Airport, Rosemont Theatre, and the Donald E. Stephens Convention Center, the hotel also provides airport shuttle service. The announcement coincides with the opening of the Hampton Inn & Suites Illinois Medical District on October 16.

3 min

Choice Hotels Reintroduces Radisson Individuals in the Americas

🏨 Since the acquisition in 2022, Choice Hotels International relaunched Radisson Individuals in the Americas as an upper-upscale soft brand for boutique and independent hotels with local character. Over 30 Radisson Individuals properties have opened globally since 2020, 15 franchised by Choice in the Americas. The brand focuses on setting, character, and direction, providing guests with immersive local experiences without sacrificing service. Choice's portfolio now includes 1,000 upscale properties worldwide, with 200+ in development. Direct online reservations for Radisson Americas brands saw a 32% year-over-year increase post digital integration.

3 min

Hyatt Grows Select-Service Pipeline by 25 Percent in the Americas

🏨 Hyatt Hotels Corporation announced a 25% increase in its select service pipeline in the Americas over three years, now over 50% of its total pipeline as of June 30, 2024. Caption by Hyatt revealed design and operational enhancements, including a cost-effective prototype for expansion. Hyatt Studios, since its announcement 18 months ago, boasts over 4,000 pipeline rooms and 250 deals in negotiation, with two recent groundbreakings and four hotels under construction, targeting openings in 2025 and 2026. Hyatt House and Hyatt Place are being upgraded based on feedback, focusing on operational efficiency and cost reduction.

1 min

Azul Hospitality Group Adds the Woodlark Hotel to Its Portfolio

🏡 Azul Hospitality Group added the Woodlark Hotel, encompassing two historic buildings from 1912 and 1908, to its portfolio in San Diego, California. Alvaro Fraile, CEO, aims to enhance value through management and marketing. The hotel features 150 rooms, 2,100 square feet of meeting space, and three dining options including Bullard Tavern, Abigail Hall, and Roseline Coffee. It will join Marriott Bonvoy this fall.

1 min

Hampton Inn & Suites Lake Placid Completes Renovation

📍 Essex Hotel Management, LLC renovated Hampton Inn & Suites Lake Placid for $1.8 million. The hotel, owned by The Hotel at Mirror Lake, LLC, opened in 2013 and is located in Rochester, New York. Refreshed facilities include 97 guestrooms, common areas, indoor pool, and exercise facilities with new carpet, artwork, soft seating, and televisions. ACC Design managed the design, and Genesis Hotel Renovations Inc. completed the work in about two and a half months.

1 min

CoStar: U.S. Hotel Industry Sees Positive Year-Over-Year Weekly Comparisons

🏨 In the week of September 22-28, 2024, U.S. hotel industry showed year-over-year growth: Occupancy rose to 68.4% (a 2.6% increase), the Average Daily Rate (ADR) reached $170.24 (7.5% up), and Revenue Per Available Room (RevPAR) climbed to $116.50 (10.2% higher). New York City led the Top 25 Markets with the highest upticks: Occupancy soared by 11.4% to 93.2%, ADR jumped 52.8% to $523.69, and RevPAR grew 70.1% to $488.32, influenced by the United Nations General Assembly. Meanwhile, San Francisco faced a RevPAR decline of 17.6% ($177.81), and Nashville saw a 5.5% drop ($136.06). Effects of Hurricane Helene on southeast markets are still to be assessed.

2 min

Extended Stay America Premier Suites – Pueblo Opens

🏡 Extended Stay America announced the opening of the 45th Extended Stay America Premier Suites in Pueblo, Colorado. Developed by BEP Pueblo Hospitality LLC, constructed by Integrated Hospitality Construction LLC, and managed by Aimbridge Hospitality. The four-story property features 124 rooms, WiFi, breakfast, cable, fitness room, laundry, and a lobby with vending. Each suite includes a kitchen, full-size refrigerators, microwaves, stovetops, and a workspace. Located off I-25, close to medical centers, Colorado State University Pueblo, and attractions like Pueblo Zoo and Lake Pueblo State Park.

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