Category Archives: Hospitality

Big Data & Analytics Are Changing Hotels & the Hospitality Industry

Big Data & Analytics Are Changing Hotels & Hospitality Industry

Hotels and the hospitality industry are subject to data and analytics like never before, shaking their entire foundation. The hotel and hospitality sector caters to millions of travelers each and every day. And each one of those clients is checking in with their own expectations. Meeting those expectations is key for this industry if they

What Will Affect Hotel Construction Financing?

What Will Affect Hotel Construction Financing?

The U.S. hospitality industry is on the road to recovery, so how will hotel construction financing fare for 2016? After 2008, the hospitality industry took a turn for the worst. But finally, after eight years, the industry is riding a wave of recovery! Hotel rooms under construction are up nearly 22 percent on a yearly

Bonnis Properties Purchases Foreman & Clark Building in L.A. for $52M

Bonnis Properties Purchases Foreman & Clark Building in L.A. for $52M

The historic Foreman & Clark at 7th and Hill was just sold for $52 million to a developer from Vancouver. A new Canadian player is coming to town. Bonnis Properties, a Vancouver-based company, has completed the acquisition of the historic Foreman & Clark building at 7th and Hill in Los Angeles for a mind-boggling $52

Pacifica Capital & Brokerage, Inc. Arranges Financing for San Diego Area Hotel

Visit Red Roof at the 2015 AAHOA Convention

Rezidor Reworks Its Organizational Structure

Rezidor optimizes its organisation

Hotel Group Announces Changes To Executive Leadership The Rezidor Hotel Group, a member of the Carlson Rezidor Hotel Group, operates over 430 hotels around the world. At the end of January, the Group announced that they would be making some changes to their corporate structure in an effort to maximize their organization’s profitability and efficiency.

Tax Revenue For Denver’s Hotels Increases

Denver lodger's tax revenues from hotels increase

2014 Brought Record Numbers For Denver’s Hotels Denver area hotels saw a very successful year in 2014, largely due to the number of convention goers that are currently flocking to the city. Denver hotels were on pace to beat previous years’ occupancy rates even before 2014 came to a close, and saw significant profit last

What Will Walt Disney World Do With 350 Acres?

Walt Disney World Long Term Growth

Long Term Development Likely Plays Into The Company’s Plans Walt Disney Land Parks & Resorts was not being purely philanthropic when it purchased 3,000 acres of wetlands for $11.5 million to preserve them. This deal also left the company with 350 non-contiguous acres that they will be able to develop, as agreed upon by the

The Story Of Sacramento Hotels

Occupancy and Rate Up in Sacramento Hotels

How The Hotel Business Has Changed In Northern California The Sacramento hotel industry has a surprisingly similar story to that of many Americans who were negatively impacted by the financial downturn of 2008. Overzealous expectations and overeager spending led to trouble for the Northern California City’s hotels in the last seven years. High rates of

Hotel Occupancy, Revenue Increases

U.S. Hotel Occupancy Up 5.5 Percent

Positive Changes In The Hotel Industry The hotel research and benchmarking company STR released data showing that the hotel industry is on the upswing in recent weeks. Although some markets saw slight declines, across the board occupancy, average daily rates, and revenue per available room rose. In late November, STR reported that in the United