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THIRD-PARTY HOSPITALITY management company Twenty Four Seven Hotels has added four California hotels to its West Coast portfolio, a statement said. A member of the Newport Beach, California-based company's executive team said it's part of a controlled growth strategy. The new properties are the 128-room Hyatt House Sacramento/Midtown, the 112-room Hyatt Place Newark/Silicon Valley, the 90-room Hampton Inn & Suites Marina and the 119-room Holiday Inn Express Chino Hills. Currently, the firm is providing pre-opening services and these properties are expected to be fully operational in December, the statement added. "We continue to expand our management footprint throughout California, with these four additions bringing our total Golden State portfolio to twenty. By focusing exclusively on the West Coast, our area operational expertise is unparalleled. This also allows for the ability to more readily share best practices and enact economies of scale," said David Wani, CEO, Twenty Four Seven Hotels. "Twenty Four Seven Hotels provides a full-suite of services, starting at the earliest phases of the pre-construction process to create advantages over companies acquiring or assuming operations at a later stage."

HOTEL INVESTMENT AND management company Banyan Investment Group announced the initial closing of $20 million Banyan Lodging Enhanced Value Fund, also known as BLEV or "Believe." The fund gives investors an opportunity to purchase hotels that have been impacted by the COVID-19 pandemic, a statement said. The group said that the first Closing delivered more than half of capital sought to acquire pandemic-impacted hotels. According to prospective investors, BLEV will reach its $35 million hard cap early next year, well before the formal end of its offering period. "The hospitality industry continues to reel from the COVID pandemic and its uneven recovery, and many markets continue to suffer from a sustained, record decline in hotel performance, a lack of liquidity in the capital markets and value dislocation," said Andy Chopra, managing partner and CIO at Banyan Investment Group. "We believe the impact caused by the pandemic has created a number of investment opportunities, ranging from newer assets selling at below replacement costs to discounts resulting from owners facing liquidity crises. BLEV will take advantage of these prevailing headwinds as we move further into a post-pandemic world." The fund will be used to form joint venture partnerships with institutional investors and/or syndicates of retail investors, with a total investible equity in the range of $350,000,000. The BLEV will focus on high-barrier-to-entry hotel locations, targeting properties with significant discounts and expects to deliver superior, risk-adjusted returns for investors when the hospitality industry re-stabilizes.

York Hop-On Hop-Off: Exploring the Historic City with Ease York, a city steeped in history and culture, is a popular tourist destination in the UK. With so much to see and do, it can be overwhelming to plan your visit. However, the York Hop-On Hop-Off tour offers an easy and convenient way to explore the city's attractions at your own pace. The Hop-On Hop-Off bus tour is a popular sightseeing option for visitors to York. The tour is operated by City Sightseeing, a company that offers similar tours in over 100 cities around the world. The buses are open-top, which provides great views of the city's attractions and landmarks. The tour covers over 20 stops and includes a live commentary in English and pre-recorded commentary in several other languages. One of the biggest advantages of the York Hop-On Hop-Off tour is the flexibility it provides. You can get on and off the bus as many times as you want throughout the day, making it easy to explore the city's attractions at your own pace. The buses run every 15 minutes during the peak season, so you won't have to wait long for the next bus to arrive. The tour covers all of the city's main attractions, including the York Minster, the Jorvik Viking Centre, and the National Railway Museum. The tour also passes by several historic sites, such as Clifford's Tower, the York Castle Museum, and the Shambles, a narrow medieval street lined with timber-framed buildings. Another advantage of the York Hop-On Hop-Off tour is that it provides an overview of the city's layout. This can be helpful if you're new to the city and want to get your bearings. The tour also offers some insider tips and recommendations from the local guide, which can help you make the most of your visit. The York Hop-On Hop-Off tour is also a great option for families with children. The buses are wheelchair accessible, and children under 5 ride for free. The tour also offers a special audio commentary for children, which includes fun facts and stories abou

Travelling opens the door to delightful existence, and the option of renting a bus is the foundation for making the entire voyage happy, comfortable, and cradle-like. Bus rentals in Bangalore have the mentioned features in harmony with your needs and aspiration during your ride. Bus rental services from Tejas Travels have eminent features to make long journeys stress-free, smooth and comfortable for all age groups. The options for Fully Air-Condition(Cool + Warm) and non-air-conditioned buses are available. Our buses have an Audio System, Video System, Comfortable seat with pushback (2 X 2)(1X1)(3X2)(2X1), Spacious leg space with footrest, Air Suspension, Decent Interiors, Open/Close Windows and Mike System and more. Buses also have amenities such as comfortable blankets and charging connections. Find our best price and capture the deal with some exiting offers

NOBLE INVESTMENT GROUP, led by Mit Shah as CEO, has closed the latest installment in its Noble Hospitality Fund V, securing $1 billion. The fund focuses on value-added investments in select-service and extended-stay hotels across the U.S. and was oversubscribed, attracting $1 billion in equity commitments from a global institutional base, Noble said in a statement. Ninety percent of Noble's existing limited partners recommit to Noble Fund V, alongside new institutional investors, Noble said. The company has achieved a 15 percent net IRR on $3 billion of realized capital over thirty years, spanning multiple market cycles. "Our team, sourcing relationships, research DNA, data, and insights continue to generate outstanding returns for our investors and provide Noble with a significant and scalable competitive advantage," said Shah. "The overwhelming support of Noble Fund V reflects the enduring trust of our limited partners, and we remain deeply grateful for their continued confidence in us as their fiduciary."

ACCOR HAS SELECTED IDeaS as its global revenue management software provider for its portfolio of more than 5,600 hotels across 110 countries. IDeaS will "future-proof" Accor's revenue management strategy to provide a competitive advantage, the companies said in a joint statement. "We are thrilled to be selected as a global partner to drive Accor's commercial revenue platform transformation at a moment of unparalleled growth and opportunity for the company worldwide," said Ravi Mehrotra, IDeaS' cofounder and chief scientist. "In a new era of innovation and consumer and product diversification, we are pleased to bring IDeaS' market-leading automation, pricing approach, and a singular focus on holistic revenue optimization to Accor's diverse brand portfolio."

A STABLE ECONOMIC backdrop is expected to fuel a 10.7 percent year-over-year increase in the U.S. short-term rental industry in 2024, surpassing the 6.7 percent rise seen in 2023, according to AirDNA's 2024 outlook report. Moreover, AirDNA foresees balanced growth for the industry in 2024, marked by a projected 10.9 percent increase in supply expansion guided by rising demand for more sustainable market practices. "Approaching 2024, the industry anticipates balanced growth with a projected 10.9 percent increase in supply expansion," said Jamie Lane, senior vice president of Analytics at AirDNA. "Contrary to exaggerated reports of an STR 'collapse,' heightened market competition emphasizes the need for hosts and property managers to meticulously monitor data trends. This strategic approach is crucial for surpassing competitors and sustaining revenue, taking advantage of a strong economy and the growing preference of travelers for STR lodging."

The Internet of Things (IoT) has been a game-changer in various industries, and the hospitality sector is no exception. The integration of IoT technology in hospitality has transformed how hotels and resorts operate, offering enhanced guest experiences and streamlined operations. IoT refers to the network of interconnected devices and sensors that collect and exchange data through the Internet, enabling seamless communication and automation. Let's explore how the IoT can benefit the hospitality industry, with a particular focus on the role of mobile phones in enhancing guest experiences. Personalized Guest Experience According to Analytic Steps, one of the most significant advantages of IoT in the hospitality industry is its ability to provide personalized guest experiences. IoT-enabled devices like smart room systems and mobile apps can gather data on guest preferences and behavior. With this information, hotels can tailor their services to meet individual needs, creating a more personalized and memorable stay for guests.

Hotels in Delhi near Railway Station, located a convenient 5 km each from the Interstate Bus Terminal and Old Delhi Railway Station and a stone's throw - 0.5 km - from the bustling New Delhi Railway Station and Airport Metro Express Link.

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