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asianhospitality

Leslie Hale Joins Bharat Shah Series | Hunter Conference - 0 views

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    LESLIE HALE, PRESIDENT and CEO of RLJ Lodging Trust, will join Mit Shah, CEO of Noble Investment Group, for the 10th Annual Bharat Shah Leadership Speaker Series at the Hunter Hotel Investment Conference. The Bharat Shah Leadership Speaker Series was established and endowed in honor of Dr. Bharat Shah at Georgia State's Cecil B. Day School of Hospitality Administration, J. Mack Robinson College of Business. The upcoming series is scheduled for March 21, accessible to registered attendees, special guests, and Georgia State University students. Hale is the first African American woman to lead a publicly listed real estate investment trust. She serves on the board of directors for Delta Airlines, is a trustee of Howard University, and is a board member of the Federal Reserve Bank of Richmond. Currently, she is the board chair for the American Hotel and Lodging Association. Hale said she was honored to be included in the Bharat Shah series, she said in a statement.
asianhospitality

Magnuson opens sixth hotel to its Independent Collection - 0 views

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    MAGNUSON HOTELS HAS added a new hotel to its Magnuson Independent Collection portfolio, the Studios & Suites 4 Less Charlotte, in Charlotte, North Carolina. It is the sixth hotel added to the Independent Collection by owner Ray Patel of Charlotte. The 126-room hotel is near Charlotte Douglas International Airport, The Billy Graham Library, the NASCAR Hall of Fame and the Levine Museum of the New South, according to Magnuson. The new hotel looks to draw a 52-week nonseasonal business base from the regional banking, finance, software, and biotech sectors. Charlotte is also home to the Research Triangle Park, a globally prominent research center with over 170 companies and federal agencies in the U.S. "When Ray Patel called us in 2005, he wanted to build his own brand called Studios & Suites 4 Less, and that is exactly what Ray did," said Thomas Magnuson, CEO of Magnuson Hotels. As Patel's team manages the Studios & Suites 4 Less brand and operations, Magnuson Hotels provides the technology, distribution, and marketing for the brand. "We appreciate our partnership with Magnuson Hotels, which is now entering its 17th year of consecutive increases," said Patel of Charlotte. "It is a pleasure and privilege to continually add new properties in our home market of Charlotte, North Carolina," he added.
asianhospitality

Maya Hotels acquires two Hampton Inns In North and South Carolina - 0 views

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    CHARLOTTE-BASED MAYA HOTELS has acquired two Hampton Inn hotels in North Carolina and South Carolina. The two Hampton Inns boast a total of 210 guest rooms and are Maya Hotels' second and third acquisitions over the last six months, the company said in a statement. The hotels are the 100-room Hampton Inn & Suites Charlotte-Arrowood Road in Charlotte, North Carolina, and the 110-room Hampton Inn Columbia Northeast-Fort Jackson in Columbia, South Carolina. Maya Hotels, led by JD Deva as CEO, acquired the hotels on March 11. The Charlotte property is near Carowinds Amusement Park and Charlotte Douglas International Airport. The Columbia hotel is near U.S. Army Fort Jackson the University of South Carolina and downtown Columbia. Amenities at each hotel include outdoor pools, fitness centers, meeting spaces, and business centers. "We are excited to acquire these two top-branded assets at a discount to replacement cost," said Krishna Deva, vice president of Maya Hotels. "Charlotte and Columbia have historically been top markets for us, and we are thrilled to grow our presence in these two cities with such a strong brand affiliation." The acquired hotels complement Maya Hotels' existing footprint and will increase the current operating synergies the company has across North Carolina and South Carolina regions. The hotels will be renovated and managed by Maya Hotels. "We are so happy to continue growing our relationships with the Charlotte and Columbia communities, as well as with Hilton. We are also thankful to each of our investors and banking partners," said Deva. "The success of this transaction is a testament to our track record in the hospitality industry and our ability to adapt quickly in a rapidly changing lending environment. We look forward to bringing out the full potential of each of these properties with our hands-on management approach and the completion of major renovations at each property."
asianhospitality

BWH Hotel Group to offer digital tipping app via eTip and Visa - 0 views

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    BWH HOTEL GROUP will offer cashless tipping to guests via eTip and Visa. The function will allow guests to express gratitude to hotel associates through pre-selected or custom tipping in the U.S. and Canada. The eTip process will be available at properties of the group, including Best Western Hotels & Resorts and SureStay Hotel Group hotels, the statement added. BWH said the new facility will empower guests to financially give to those who rely on tips as latest reports revealed that only 16 percent of U.S. customers carry cash. "We are committed to providing the best possible experience for our guests and bringing value to BWH hoteliers and their associates," said Michael Morton, BWH vice president for brand management. "We're excited to offer eTip digital tipping solution as a convenient way our valued guests can show appreciation to our dedicated hotel associates. We are equally excited to offer our associates a choice to receive their tips in real-time directly into their bank accounts. Innovation and caring are at the heart of our brand and we're proud to partner with eTip to innovate the tipping experience for guests and hoteliers alike."
asianhospitality

Everwood Hospitality Partners acquires LaQuinta in Orlando, FL - 0 views

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    EVERWOOD HOSPITALITY PARTNERS has completed the acquisition of the 184-room LaQuinta I Drive/Convention Center hotel in Orlando, Florida, from Cavalier Florida, LP, the company said. Real estate capital advisory, Cronheim Hotel Capital, helped secure the loan for the acquisition and subsequent renovation of the property which includes upgrades to public and private spaces. The loan, from a Florida-based bank, which provided five-year fixed rate financing with two years of interest only, represented 65 percent of the all-in cost, according to Everwood. The hotel is next door to ICON Park and offers multiple dining and entertainment options. The property is one mile from the Orange County Convention Center and the city's many amusement parks and entertainment venues. Amenities include an outdoor pool and a fitness center. "With its proximity to many of Orlando's top attractions, the LaQuinta is an ideal addition to Everwood's expanding hotel portfolio," said Amit Patel, Everwood's managing principal and chief operating officer. "We continue to seek hotels in prime markets with barriers to new entry and multiple demand generators that help protect against occasional market fluctuations. Following the implementation of our proprietary management and marketing systems, LaQuinta I Drive will become the segment leader for leisure and business travelers in Orlando."
asianhospitality

Websrefresh wins Lawyer International award - 0 views

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    HOTEL WEB SOLUTIONS provider Websrefresh recently received the Lawyer International Award for Best Web Design & Web Development Company of the Year for Arizona. The U.K.-based Lawyer International recognizes firms and individuals globally based on their individual areas of specialization within their geographical location. Recipients of the awards are judged by a panel of in-house counsel in the banking and private equity sectors along with public and private corporations, according to Lawyer International's website. Criteria include client retention, speed of response and assistance, and the ability to navigate complex situations while ensuring that clients are not concerned about or unsure of the outcome. "The winners, quite simply, represent those firms and individuals that are instrumental to the businesses that engage them, thus ensuring a swift, positive outcome is always achieved," Lawyer International said on its website. "These firms and individuals continually go above and beyond, always providing a high degree of demonstrable evidence which is consistent with positive comments from both clients and peers."
asianhospitality

Peachtree to invest $1 billion in real estate credit - 0 views

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    PEACHTREE GROUP, A commercial real estate investment firm with a $6.4 billion portfolio, has secured approximately $660 million in credit investments since Dec. 1, with an additional $350 million expected to close within the next 30 to 45 days. These investments focus on hotels, multifamily, industrial, and student housing, Peachtree said in a statement. "We are witnessing heightened activity in response to the anticipation of sustained elevated interest rates and continued reductions in bank exposure," said Greg Friedman, Peachtree Group's managing principal/CEO. "The pressing need to refinance maturing debt, estimated at $2.8 trillion in U.S. commercial real estate debt by the end of 2028, is a growing concern. Commercial real estate stakeholders are grappling with the challenges of increased capital costs and constrained liquidity, particularly in securing capital for acquisitions, recapitalizations and development initiatives." Peachtree recently closed one of its largest individual credit transactions to date, securing a $102.9 million, three-year loan to recapitalize a 350-room Marriott dual-brand AC Hotel Sunnyvale Moffett Park and TETRA Hotel, Autograph Collection in Sunnyvale, California, the statement added.
asianhospitality

Peachtree approaches $750 million in CPACE financing - 0 views

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    PEACHTREE GROUP SECURED $150 million in Commercial Property Assessed Clean Energy financing in December, bringing its total to nearly $750 million since its establishment in 2019. In 2023 alone, Peachtree completed 23 CPACE financing deals in the U.S., totaling $250 million in directly originated and balance-sheet-funded transactions. Commercial real estate is set for a challenging 2024, with trillions of dollars in debt coming due, making refinancing more difficult, Peachtree said in a statement. This challenge is compounded by banks tightening lending standards. "In this challenging lending market, CPACE financing has emerged as a crucial source of liquidity," said Jared Schlosser, senior vice president of origination and head of PACE at Peachtree Group. "This financing option is becoming increasingly essential as owners grapple with looming debt maturities and limited refinancing opportunities."
asianhospitality

Future of Fintech: Key Predictions Shaping the Next Decade - 0 views

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    As we stand on the brink of a new era, the world of finance is undergoing a seismic shift. Fintech, the fusion of finance and technology, continues to revolutionize the way we manage, invest, and interact with money. With each passing year, innovations in fintech reshape industries, challenge traditional banking models, and democratize access to financial services. The fintech industry has been a hotbed of innovation and growth, reshaping how financial services are delivered and consumed. As we look ahead to the next decade, several key trends and predictions are set to define the future landscape of fintech. Looking ahead, the next decade promises to be even more transformative. Here, we delve into some top predictions that will shape the future of fintech.
newlandguide

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Alicia Busa

Find Various Local Businesses in Corning NY Area that Match your Target - 0 views

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    Find businesses in Corning NY area that match your target/needs for hotels, pizza, weight loss centers, gift shops, hospitals, fashion, mobile phones, day spas, jewelry, bank, venues & event spaces, school, marketing and more on Save Local Now. Save your time by excluding contacts from certain other locations.
abu yousuf

Huntington Library and Art - 0 views

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    Built in the early twentieth century by the wealthy Henry Huntington , the house contains one of the finest collections
abu yousuf

Chinatown in San Francisco - 0 views

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    Located on the former Yerba buena , birthplace of San Francisco, Chinatown hosts one of the largest Chinese communities outside Asia.
abu yousuf

Cleveland Hopkins International Airport - 0 views

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    From downtown Cleveland takes I-90 about 3 km (2 miles) and take the 170B exit and continue on I-71 southbound. Keep right, follow signs to the southwest on the highway Berea. Stay in the right lane on the deceleration lane and turn onto Terminal Drive westbound. Since Terminal Drive, turn left onto Park Road, and then right onto Jackson Road and right again onto South Terminal Road, which is the road leading to the airport.
abu yousuf

United States Travel Guide - 0 views

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    Myths die-hard and, inevitably, the United States still evoke a past of cowboys and Indians battling in a Far West where John Wayne and Clint Eastwood are the kings. Others prefer to see the country rock n 'roll where some Elvis Presley was the "King". Finally, there will be only one country that has dominated the film and make the best vector of the "United States of America Way of Life" in the world.
Alex Parker

Hummel LNG Hybrid Barge - Ship Technology - 1 views

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    The Hummel LNG Hybrid barge is the world's first environmentally friendly hybrid liquified natural gas (LNG) barge built by Becker Marine Systems. The vessel is a floating power plant providing clean and efficient cold ironing power to cruise ships. It also acts as a backup power bank to the local electric and power grid.
Alex Parker

Build and rebuild: the pledge to improve airport infrastructure in Africa - 1 views

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    The European Investment Bank (EIB), the long-term lending arm of the European Union, has a long history of investing in critical airport infrastructure projects, often in situations where air transit has become a critical humanitarian need.
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