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Hotel Management's Top Purchasing Companies survey is live!   18 May, 2015

Hotel Management's annual Top Purchasing Companies survey is open through June 11. This survey is open to hotel FF&E and OS&E purchasing/procurement firms and results will publish in the August issue. More>>

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Oaktree Capital sells Hawaii's Fairmont Orchid for $200M   18 May, 2015

The Fairmont Orchid hotel on the Big Island of Hawaii has been sold to South Korea-based Mirae Asset, one of Asia’s largest independent financial services firms, for $200.3 million. Mirae Asset formed Maps Orchid Hotel LLC for the ownership of the hotel, and the sale reportedly closed on Friday.More>>

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Leads are plentiful if you know where to look for them   18 May, 2015

Last month's Sales Clinic discussed the importance of locating leads in order to develop them into prospects, and this month Howard Feiertag investigates on fine tuning your lead-seeking abilities.More>>

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Swiss-Belhotel International to manage Bahrain hotel   18 May, 2015

Owned by Sheikh Salman Bin Abdallah Hamad Al Khalifa, the Swiss-Belhotel Bahrain is scheduled to open in 2016. The management agreement of the hotel follows two recent additions to the group's Middle East portfolio - Swiss-Belhotel Corniche and Swiss-Belresort Ghantoot, Abu Dhabi.More>>

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Home2 Suites opens New Mexico property   18 May, 2015

Owned by Farmington Hotel Investors, Home2 Suites Farmington/Bloomfield will be the first hotel to open in the area this year. The 96-room hotel has an outdoor saline pool and outdoor patio for guests' use. All Home2 Suites properties are also pet-friendly. More>>

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RFR looking to sell New York City's Paramount Hotel   18 May, 2015

While the asking price is reportedly "unclear," a person "familiar" with the matter told the newspaper that the iconic 1928 hotel could fetch between $350 million and $400 million. More>>

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John Q. Hammons Hotels standardizes lost-and-found operations   18 May, 2015

Impending changes in liability laws are shifting the liability of fraud charges involving physical credit or debit cards to whoever is least compliant between the card issuer and merchant. Because of this, lost and found operations will be impacted.More>>

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Investors sign high-value deals in Vancouver   18 May, 2015

Several recent purchases in the first months of 2015 alone have crossed the $100-million mark, including January’s $168 million sale of the Delta Hotels and Resorts portfolio by the British Columbia Investment Management Corp. to Marriott International and the following month's sale of the...More>>

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Macau bucks traditional economics with $27 Bln investment in casino hotels   18 May, 2015

Despite a report from STR Global finding that ADR in the Asia/Pacific dropped 5.9 percent year-over-year to $111.16 (as well as a minor 0.3 percent drop in occupancy), Macau is about to make a big bet on the development front.More>>

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Accor to double its Romanian hotels in five years   18 May, 2015

The Mercure hotel, which was inaugurated last November, is so far Accor's first opening in more than six years. The French hotel group has six other hotels in Romania: four Ibis units, a Novotel and a Pullman. Of all the seven hotels Accor owns only one location, the Novotel, with the others...More>>




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