Hospitality Midwest Labor challenges and growth pains? Hotel industry faces new challenges With the end of the year quickly approaching, hospitality professionals around the country are beginning to wonder what’s in store for the hospitality market in 2019.
Hospitality V Michigan TownePlace Suites opens doors in Grand Rapids TownePlace Suites by Marriott Grand Rapids Airport opened Nov. 20 in Grand Rapids, Michigan. The new hotel, located at 5430 28th Street Court SE, will operate as a Marriott franchise owned and managed by Namou Hotel Group.
Hospitality Midwest CBRE: The hotel business keeps booming The hotel business has been a profitable one so far this year, and operators should expect more of the same throughout 2018.
Hospitality Midwest Social media, changing views of travel boosting hotel business RevPAR, the most important number for hotel owners, finally showed a decline in September, falling 0.3 percent. This, though, was the first time this number – which stands for revenue per available room – fell in 102 months.
Hospitality P Kansas Fairfield Inn opening in Kansas community A 108-room Fairfield Inn & Suites by Marriott is scheduled to open Nov. 2 in McPherson, Kansas.
Hospitality P Kansas Steve Martens develops another hotel in Kansas The Best Western Plus West Lawrence opened Oct. 19 at 6101 Rock Chalk Drive in Lawrence, Kansas. The first property developed at Lawrence’s mixed-use site The Mercato, the 112-room hotel features upgraded guest amenities, a full-service lobby bar with big screen TVs and an indoor saltwater pool, fitness center, grilling patio and fire pits in the outdoor courtyard.
Hospitality v Wisconsin Fairfield Inn opens in Kenosha The 108-room Fairfield Inn & Suites Kenosha Pleasant Prairie opened its doors in mid-October in Plesant Prairie, Wisconsin.
Hospitality N Illinois Red Roof expands The Red Collection with Springfield hotel State House Inn, the second property and first franchised property in The Red Collection, Red Roof’s first soft-brand, has opened in Illinois’ capital city, Springfield. Located in the heart of downtown, the property features 125 guest rooms and has undergone a full renovation. The property is owned by Vendian Capital Management and managed by Packard Hospitality Management.
Hospitality N Illinois Aries Capital and Four Corners Advisors form strategic alliance Neil Freeman, chairman and chief executive officer of Aries Capital, LLC, and Michael Shindler, president and chief executive officer of Four Corners Advisors, Inc., announced that the two Chicago-based firms have formed a strategic alliance to provide an end-to-end hotel advisory, transaction and financing platform for hotel developers and investors across the United States, Caribbean and other international markets.
Hospitality p Tennessee Fairfield Inn & Suites opens near Nashville airport A 104-room Fairfield Inn & Suites by Marriott opened yesterday in Nashville. Located at 511 Royal Parkway, the Fairfield Inn & Suites Nashville Airport will operate as a Marriott franchise owned and managed by NNP Investments.
Hospitality X Missouri CBRE sells 188-room hotel in Missouri CBRE closed the sale of a 188-room Holiday Inn & Suites in Springfield, Missouri.
Hospitality p Tennessee Ascent acquires luxury hotel in Chattanooga Ascent Hospitality, a hotel management and development company, acquired The Chattanoogan Hotel, 198-room property in Chattanooga, Tennessee.
Hospitality Midwest Minnesota, Wisconsin, Nebraska buck Midwest hotel slowdown The hotel business has been a bit sluggish lately throughout the upper Midwest. But three states – Minnesota, Nebraska and Wisconsin – bucked the trend, all seeing solid occupancy gains during the year ending in the second quarter of 2018, according to the latest research from Marcus & Millichap.
Hospitality N Illinois Why Facebook and Airbnb might lead to more hotel rooms in Chicago Hotel occupancy in Illinois remained flat during the past four quarters, according to a Marcus & Millichap research report. But the sector might get a boost in Chicago from, of all places, tech firms.
Hospitality v Wisconsin Marcus & Millichap sells 225-room hotel in Milwaukee market Marcus & Millichap sold a 225-room hospitality property in Wausau, Wisconsin. The asset sold for $1.95 million.
Hospitality N Illinois The St. Clair Hotel officially opens in downtown Chicago The St. Clair Hotel is set to open in downtown Chicago at 162 E. Ontario Street, just one block from Michigan Avenue. The first property in The Red Collection, Red Roof’s first soft-brand, the hotel is designed to give guests an authentic upper-midscale experience at a value price. A restaurant is scheduled to open on the premises in the future as well.
Hospitality N Illinois New WoodSpring Suites hotel opens in Carol Stream, Illinois Choice Hotels International, Inc., in collaboration with Holladay Properties, LLC, opened the WoodSpring Suites Chicago Carol Stream. The new WoodSpring Suites hotel, located at 1160 N. Gary Avenue in Carol Stream, Illinois, is the second hotel in the Chicago metro that the two companies have opened this year following the WoodSpring Suites Chicago Tinley Park which opened in March.
Hospitality N Illinois Gilda Perez-Alvarado named JLL Americas CEO, Hotels & Hospitality JLL’s Hotels & Hospitality Group announced that Gilda Perez-Alvarado has been named chief executive officer of the firm’s Americas Hotels & Hospitality Group. Perez-Alvarado will work closely with Mark Wynne Smith, JLL’s Global Chief Executive Officer, Hotels & Hospitality, over the next year to transition leadership responsibilities for the Americas.
Hospitality v Wisconsin Marcus & Millichap sells hotel near Lake Geneva Marcus & Millichap closed the sale of an 80-room hotel in Delavan, Wisconsin. The asset sold for $6.125 million.
Hospitality L Iowa CBRE sells pair of hotels near University of Iowa CBRE closed the sale of a 62-room Comfort Inn & Suites and a 55-room Quality Inn, both in Coralville, Iowa.