Hotel News Resource
February, 20 2018
The Ritz-Carlton Sarasota Sold for $171 Million
The Ritz-Carlton Sarasota Sold for $171 Million
Ashford Hospitality Prime, Inc. (NYSE: AHP) on Friday announced that it has entered into a definitive agreement to acquire the 266-room Ritz-Carlton Sarasota in Sarasota, Florida for $171 million ($643,000 per key). Read More
StayNTouch Guide
StayNTouch Guide - The Hotel GM’s 12-Step Guide to Maximize Guest Revenue
Your role as a hotel general manager (GM) is a complex pursuit with a simple objective: to meet (and exceed) service, operations, as well as profit objectives for your property. The variables that can impact your success as a GM are substantial. This 12-step guide will help you. Read more
Super Bowl
Minneapolis Reported the Highest Increase in Revenue Per Available Room for Any Super Bowl Host Market Since 2012
Minneapolis Reported the Highest Increase in Revenue Per Available Room for Any Super Bowl Host Market Since 2012
During Super Bowl LII Weekend (2-4 February 2018), the Minneapolis market posted an average occupancy level of 92.5% and an average daily rate (ADR) of US$354.41. Read more
Market Intelligence Services
Knowland Acquires Strategic Data Resources (SDR), Producers of the TAP Report
Knowland announced that it has acquired Strategic Data Resources (SDR), effective February 15, 2018. Knowland is a globally recognized provider of meeting and group data that offers extensive insight into market analytics, group industry trends, and powerful benchmarking tools. The company is headquartered in Rosslyn, Virginia, right outside the nation's capital. Read more
Hotel Development India
Park Plaza Kolkata Ballygunge Hotel in India Rebrands Under Radisson Brand
Park Plaza Kolkata Ballygunge Hotel in India Rebrands Under Radisson Brand
Located in the heart of upscale South Kolkata neighborhood Ballygunge, the hotel is within proximity of the international airport and railway station. Tourist landmarks such as Kalighat temple, the Indian Museum and Victoria Memorial are within five-kilometer radius of the hotel. Read more
Hotel Development Australia
Le Méridien Melbourne Hotel Announced for 2020
Marriott International today announced the signing of the 235 room Le Méridien Melbourne, in partnership with owner and developer Jinshan Investment Group. The hotel is slated to open in 2020. Read more
Hotel Development Australia
Australia Hotels Sales Volume Dives As Chinese Investors Keep Cash at Home - Sydney Morning Herald
Australia's hot hotels market eased in 2017, racking up a total $2.02 billion in transactions, with Victoria accounting for 45 per cent of the sales volume, according to research from Colliers International. Read more
Hotel Development Switzerland
IntercityHotel Zurich Airport Announced for 2020
A lease agreement has been concluded for the IntercityHotel Zurich Airport with Patrizier Beteiligungs AG, which will act as investor and developer, and more joint projects are in the pipeline. This will be the first hotel to operate under the IntercityHotel brand in Switzerland and is scheduled to open in 2020. Read more
TrustYou Wins #1 in the HotelTechAwards 2018 for 'Reputation and Review Management Software'
Hotel Tech Report has named TrustYou 2018’s top-rated Reputation Management Software based on data from thousands of hoteliers in over 40 countries around the world. Read more
Has Facebook Peaked?
Eight Reasons Facebook Has Peaked - BBC
Facebook is accumulating enemies and challenges at such a rate that its horizons have suddenly become somewhat clouded. It may seem madness, or voguishly contrarian, to argue that Facebook is a declining power. Read more
Facebook Advertising
3 Benefits of Advertising Your Hotel on Facebook - By Ashley Proceviat
3 Benefits of Advertising Your Hotel on Facebook
Did you know that half of travel companies on Facebook see an increase in bookings due to their presence on the social media giant? Read more

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In Brief...

Chesapeake Lodging Trust Results
Chesapeake Lodging Trust Reports Q4 2017 Results

Hotel Opening Indiana
Holiday Inn Express & Suites Hotel Opens in Portage, Indiana

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