Skip to main content

Home/ World Travel/ Group items tagged bridge

Rss Feed Group items tagged

asianhospitality

Flexible Hotel Financing | Choice & Bridge Loan Options 2025 - 0 views

  •  
    CHOICE HOTELS INTERNATIONAL is working with Bridge, a digital lending platform, to offer financing options to new and existing owners. Choice hoteliers can request a commercial loan in 10 minutes through a dedicated landing page on the Bridge platform, which streamlines the loan search process. Aspiring hoteliers, often facing financial challenges due to limited industry exposure, and existing owners seeking refinancing or new loans can access the Bridge platform, the companies said in a joint statement. "This collaboration is a win-win for Choice and its hotel owners," said Dominic Dragisich, Choice's executive vice president for operations and chief global brand officer. "Helping our hoteliers obtain and optimize financing for their properties is a high priority, and this agreement with Bridge will provide them with access to competitive loan offerings through an easy-to-use online interface."
asianhospitality

Peachtree Loans $114.6M for Two Hyatt Hotels | Luxury Redefined - 0 views

  •  
    PEACHTREE GROUP PROVIDED $114.6 million in bridge loans to recapitalize two Hyatt hotels owned by McWhinney: Hyatt Centric Congress Avenue Austin, Texas, and Hyatt Place Denver Peña Station in Denver. The company originated a 48-month floating-rate bridge loan for the 246-room Austin hotel and a 60-month fixed-rate bridge loan for the 226-room Denver hotel, Peachtree said in a statement. Peachtree is led by Greg Friedman, managing principal and CEO; Jatin Desai, managing principal and CFO; and Mitul Patel, principal. "The Hyatt Centric Congress Avenue Austin is a standout property that embodies Austin's energy and appeal," said Jared Schlosser, Peachtree's executive vice president of hotel originations and head of CPACE. "This recapitalization reflects our confidence in the asset's potential and McWhinney's vision for creating exceptional destinations."
asianhospitality

Hotel Associations Welcome Infrastructure Bill, With Caveat - 0 views

  •  
    HOTEL AND TRAVEL associations welcomed the passage of the bipartisan infrastructure bill by the House of Representatives over the weekend, saying the measure is long overdue. At the same time, there is some concern that the bill also eliminates a key piece of federal assistance to companies struggling to retain jobs during the COVID-19 pandemic. The House passed the $1.2 trillion Infrastructure Investment and Jobs Act on Friday after months of debate over it and the related Build Back Better legislation, which is still pending. The bill, according to the Associated Press, contains: $110 billion to repair the nation's aging highways, bridges and roads, including almost $40 billion for bridges alone $39 billion to expand public transportation systems $66 billion to improve Amtrak's Northeast Corridor $65 billion to improve broadband internet access $7.5 billion for electric vehicle charging stations $65 billion to improve the reliability and resiliency of the power grid $25 billion to improve airport runways, gates, taxiways and terminals $55 billion on water and wastewater infrastructure. That includes $15 billion to replace lead pipes and $10 billion to address water contamination from polyfluoroalkyl substances
asianhospitality

Peachtree hits $1 billion in commercial real estate originations - 0 views

  •  
    PEACHTREE GROUP'S CREDIT team recently crossed $1 billion in year-to-date loan originations, marking a key milestone and setting a new benchmark for early-year performance. The firm projects reaching $1.75 billion in originations by the end of 2024, according to a company statement. Peachtree provides diverse financing solutions, including permanent, bridge and mezzanine loans, as well as CPACE financing and preferred equity across all sectors, the statement said. "While the Federal Reserve has lowered rates to provide some relief to the overall economy, the commercial real estate sector will continue to face significant headwinds over the next few years," said Jared Schlosser, Peachtree's executive vice president of hotel lending and head of CPACE. Peachtree is led by CEO and managing principal Greg Friedman, CFO and managing principal Jatin Desai, and principal Mitul Patel.
yaledongeorge

House and Cottage for sale for $3,000,000.00 at TripleClicks - 0 views

  •  
    A four bedroom house with double-car garage,four bathrooms,patios and deck attached to a gazebo with bar and toilet facilities attached to the house by a bridge. At a lower level is a two-bedroom cottage with one bathroom. Also included is a swimming pool and tennis court all nestled on a ridge on 1.2acres overlooking the west coast of Barbados.
Himalayan Local Guide

Annapurna Circuit Trek - 14 Days | Himalayan Local Guide - 0 views

  •  
    e offer Annapurna circuit trek it is possible to do within 14 Days without by flight from Jomsom to pokhara.This unique offer certain time, and grab this occasion by secure your seat on time. The Annapurna circuit trekking is truly known as one of the world's characteristic trek in Asia. The Himalayan views you get of the Annapurna ranges, Manaslu range and Dhaulagiri range provide some of the mainly outstanding Mountain vista you can come across anywhere. This Annapurna circuit trek has even more to present, though, as you pass during a diversity of terrain ranging from sub tropical rice fields, high Alpine crossing to burnt Himalayan High dessert plains. You will also ramble through classical Nepali Traditional villages, over narrow valley defying rescheduling bridges and crossing by olden religions monuments, stupa, Mani walls and Gompas. Annapurna circuit to add to this will be the understanding of staying in Local Hotels and having the occasion to interact with the amazing Nepalese peoples. The tourist attractions of Annapurna circuit trekking will be the passing of the world's highest Number 1st Thorong la pass (5,416 meters).
Himalayan Local Guide

Everest Base Camp Trek - 9 Days | Guide | Cost | Map - 0 views

  •  
    The Everest Base Camp trek - 9 Days is we designed for trekkers who have short holidays but still would like to touch the world highest Everest Base Camp (5,380m). It's one of the most rewarding and popular treks in the world, where you will be experience the likely sceneries of Himalayan ranges, Ancients Buddhist monasteries and wildlife animals throughout the travel. Trek begins with a 30 minute Domestic flight to Lukla from Kathmandu Airport and trek start from Lukla is a main tourism connection of Everest regions and we will be walking from Lukla towards through Sherpa settlements and go into the Mt. Sagarmatha National Park then trails goes in following up Northern side of Dudkoshi River, crosses the bridge and climb up hill to reach entry police check point and passes beautiful traditional Sherpa village likes Namche Bazzar, Tengboche, Pangboche, Dingboche, Labuche, Gorakshep and reach finally your destination at Mt. Everest Base Camp.
asianhospitality

Best Western opens renovated property in Arkansas - 0 views

  •  
    The Best Western Shackleford is open in Little Rock, Arkansas, following a $1 million renovation. The 60-key hotel on Shackleford Road is owned by Rahul Patel. "We are excited to welcome guests at our newly renovated property while they discover Arkansas' capital city," Patel said. "The updates ensure our guests find a comfortable place to relax after days exploring our lively downtown, known for its thriving arts and music scene and a range of attractions suitable for all ages." Several rooms in the hotel are designed in a suite-style with king-sized beds and hot tubs. Amenities include a renovated 24-hour fitness center, indoor swimming pool and a 700 square-foot meeting space. The vicinity offers a range of attractions including Little Rock Zoo, Wildwood Park for the Arts, Arkansas State Capitol, Big Dam Bridge, Museum of Discovery, Heifer Village and Urban Farm, Pinnacle Mountain State Park and various dining options, shopping centers, educational facilities, recreational centers and transportation hubs.
asianhospitality

Best Western Plus Brooklyn-Prospect Park opens in Brooklyn, New York - 0 views

  •  
    The Best Western Plus Brooklyn-Prospect Park is now in Brooklyn, New York. It is owned by Mahesh Ratanji and is near several major attractions. The 67-room property provides easy access to the area's top attractions, including Barclays Center, Flatbush Avenue, Luna Park, Brooklyn Bridge Park, Brooklyn Zoo, Brooklyn Museum, Brooklyn Botanic Garden, Brooklyn Brewery and many more. The hotel is also nearby popular Brooklyn neighborhoods like Brooklyn Heights, Williamsburg, Dumbo, Red Hook, Coney Island and Sheepshead Bay. The new construction hotel provides amenities including a 24-hour fitness center and a business center. The hotel guestrooms are designed in bright colors and has 55-inch flat-screen televisions, mini fridges and coffee makers. Free wireless internet is available throughout the property.
asianhospitality

Stonehill originates $79.8 million loan for Churchwick Partners - 0 views

  •  
    COMMERCIAL REAL ESTATE direct lender Stonehill recently originated a $79.8 million, three-year, floating-rate bridge loan for New York-based Churchwick Partners for the acquisition of a 12-property, extended-stay hotel portfolio. The deal was premised on the strong performance by extended-stay hotels even during the pandemic. Stonehill is an affiliate of Peachtree Hotel Group, led by Jatin Desai and Mitul Patel as managing principals. The deal includes 1,432 rooms in nine states, mostly Sonesta Hotels brands. "Our sponsors benefit from experienced real estate lenders able to originate and close complex transactions," said Nick Baer, Stonehill's vice president for business development. "With funding options from traditional lenders limited for hotels and other commercial real estate properties, we are pleased to provide Churchwick Partners with the lending solution, financial capacity and hospitality expertise to close this transaction in a challenging capital market environment."
asianhospitality

HVS: Near full recovery in RevPAR by the end of 2022 - 0 views

  •  
    THE U.S. HOTEL industry will be well on the way to recovery in 2022, according to consulting firm HVS Americas. However, a full recovery in real terms, after adjusting for inflation, remains a few years away, it added. With more assets, both distressed and well performing, expected to come to market this year, 2022 will be an exciting year for the industry, said Rod Clough, president of HVS, in an article titled 'ALIS 2022 Takeaways - Our Industry Braces for a Big Year Ahead'. A near full recovery in RevPAR at $85 for U.S. hotels is likely to happen by the end of 2022 when compared to $86 in 2018-19. "The higher inflationary environment will continue to bode well for hotels, resulting in ADR pricing power leading to a lift in revenue on top of still lean operational models. Group travel is still lagging the recovery, but near-term, smaller-group bookings (at newly raised room rates) should help bridge the gap while the industry waits for larger meetings to return," Clough wrote in the article. "Rising development costs due to supply-chain disruptions, labor shortages, and overall inflation are leading to a general contraction in new hotel openings. Moreover, development challenges are intensifying for major CBDs, attributed to slow office re-openings, a lag in larger convention bookings, higher operating/labor costs, and even higher construction costs than your average project."
asianhospitality

Wyndham, Groups360 to offer instant multi-room booking solution - 0 views

  •  
    WYNDHAM HOTELS & RESORTS has entered into a new agreement with Groups360 to bring instant online multi-room bookings to Wyndham hotels in 2023. Using Groups360's GroupSync Marketplace direct booking solution, Wyndham hotel owners will have the opportunity to integrate the platform with their hotel reservation systems, providing travel planners, including groups and events organizers along with those managing infrastructure, logistics and corporate accounts, with rates and availability as well as booking of rooms online, the company said in a statement. "Over the last three years, Wyndham has invested over $100 million in major technology initiatives, giving our franchisees access to best-in-class offerings that unlock new efficiencies while helping to grow their bottom line," said Lisa Checchio, Wyndham's chief marketing officer. "Bringing franchisees access to GroupSync is just the latest example and one we believe offers incredible opportunity for franchisees, particularly those in the economy segment, where such technology is an industry first." Hotels that publish live inventory and rates within the GroupSync Marketplace save travel planners' valuable time by allowing them to search, shop and book blocks of rooms. Possible users include short one- to-two-night group events such as youth sports, weddings and family reunions, as well as multi-week infrastructure or logistics projects such as commercial construction, bridge repair or highway expansion, Wyndham's statement said.
asianhospitality

Best Western Inn & Suites opens in Iowa, SureStay in San Francisco - 0 views

  •  
    Best Western Ottumwa Inn & Suites recently opened in Ottumwa, Iowa, and SureStay by Best Western San Francisco opened in San Francisco, California. Owned by Anil Chaudhari, Best Western Ottumwa Inn & Suites offers 41 guest rooms and 20 suites, while SureStay by Best Western San Francisco, owned by Dave Panas, features 37 guest rooms. Best Western Ottumwa Inn & Suites is near attractions such as Bridge View Center, Garrison Rock Resource Management Unit, Graham's Dairy Freeze and Iowa Heartland History Center. Amenities include an indoor pool and a fitness center. "We are excited to introduce the Best Western hospitality experience to Ottumwa," said Chaudhari. "Our focus was on delivering a comfortable, modern stay with value and convenience in mind. Whether guests are in town for leisure, business, or simply passing through, our property ensures attentive service and essential amenities for a memorable stay."
asianhospitality

AAHOA's HerOwnership Conference set for Sept. 12-13 - 0 views

  •  
    AAHOA'S THIRD ANNUAL HerOwnership Conference will be held Sept. 12-13 in Redondo Beach, California, featuring speakers and sessions to help women succeed in hotel ownership. The event includes three breakout sessions focused on the conference's pillars: hotel ownership, mental health and wellness, and executive leadership. "As the son of a woman hotelier, I am well aware of the remarkable women who have shaped our industry and continue to drive it forward," said Miraj Patel, AAHOA's chairman. "Their dedication, innovation and leadership are vital to our success. We must continue supporting and empowering these women to lead and succeed. AAHOA does so through the HerOwnership initiative and conference, celebrating women's successes in our industry and providing tools to help them connect, learn, and expand their thinking." Keynote speakers include Neeti Dewan, author, speaker, and CEO, on "Mindset Makeover: Personal and Business Growth Strategies of Top Women Hoteliers," and Raji Brar, co-founder of the Bakersfield Sikh Women's Association and COO of Countryside, on "Building Bridges: The Power of Women in Political Engagement," AAHOA said.
asianhospitality

New HomeTowne Studios Tampa - Airport | Modern Extended-Stay Hotel in Central Florida |... - 0 views

  •  
    HomeTowne Studios Tampa - Airport is now open in Tampa, Florida. The 124-room hotel will be operated by Dhruv Management, led by President and CEO Vijay Patel, and was developed by Dhruv Development, headed by CEO Amit Patel. "The HomeTowne Studios Tampa - Airport is the first in the brand to feature the new prototype, which sets new standards for updated guestroom aesthetics as well as improved operational efficiency," said Zack Gharib, Red Roof's president. "Guests in central Florida have the opportunity to experience a new kind of economy extended-stay lodging-one that also meets the needs of the franchising community and of which we can all be proud." The hotel is near Zoo Tampa at Lowry Park, Egypt Lake-Leto, the Florida Aquarium, Historic Tampa Gulf Coast Railroad Trestle Bridge and the Museum of Science and Industry. It features a business center and other amenities.
asianhospitality

Marriott rolls out HotelHelp pilot for trafficking survivors - 0 views

  •  
    MARRIOTT INTERNATIONAL LAUNCHED HotelHelp, a pilot room donation program for human trafficking survivors, at the AHLA Foundation's third annual No Room for Trafficking Summit. The program works with care providers who handle bookings, offering survivors short-term stays at Marriott properties, Marriott said in a statement. The program is being piloted in five U.S. cities-Atlanta, Detroit, Phoenix, Seattle, and Washington, D.C.-and is expected to expand to 25 cities across North America by January 2025. "Survivors of human trafficking often face a shortage of dedicated shelter beds that put them at greater risk of being re-trafficked after exiting their trafficking situation," said Anthony Capuano, Marriott's president and CEO. "As part of our longstanding anti-trafficking and survivor empowerment efforts, we are proud to have developed a solution to bridge the gap for safe, short-term accommodations for trafficking survivors and we look forward to working with other hotel companies to extend the reach of this effort."
asianhospitality

Unifocus, Nonius integrate workforce management, guest services platforms - 0 views

  •  
    UNIFOCUS, A WORKFORCE management system provider led by CEO Moneesh Arora, recently partnered with Nonius, a guest-facing solutions company for hotels, to integrate Nonius' platform with the Unifocus operations management system. This partnership ensures guest requests inform operational priorities, enabling real-time adaptation to guest needs and improving service delivery and staff efficiency. By integrating Nonius' guest messaging solution, Unifocus connects hotel staff with guests more effectively, the companies said in a joint statement. "Our partnership with Nonius isn't just an additional feature, it's a transformative bridge connecting the guest experience with hotel operations," said Arora. "It blends technology with the guest journey, enhancing human connections and setting the stage for the future of hospitality."
asianhospitality

Biden Signs Funding Bill to Avert Pre-Christmas Shutdown | Asian Hospitality 2024 - 0 views

  •  
    PRESIDENT JOE BIDEN signed the "American Relief Act, HR 10545" into law Saturday morning, preventing a government shutdown just before Christmas and ensuring funding through March 14. The American Hotel & Lodging Association praised lawmakers for averting a disruption that could have affected holiday travel and left millions of federal employees furloughed or unpaid. However, AHLA said the year-end deal excluded the lodging fee transparency provisions for which hotel industry associations had advocated. "The bipartisan funding bill I just signed keeps the government open and delivers urgently needed disaster relief and funds to rebuild the Francis Scott Key Bridge," Biden said. "This agreement represents a compromise, meaning neither side got everything it wanted, but it rejects the accelerated tax cut for billionaires that Republicans sought and ensures the government can continue to operate at full capacity. That's good news for the American people, especially as families gather this holiday season."
asianhospitality

Why Move to Asia? Luxury Living & Unique Experiences 2025 - 0 views

  •  
    A Bird's Eye View of Some Asian Countries From the affordable charm of Vietnam to the world-class systems of Singapore and the vibrant lifestyle of Thailand, here's why Asia is an excellent option for your next big move. Vietnam: Affordable and Welcoming Vietnam has grown in popularity among expats due to its low cost of living and welcoming culture. Housing, food, and transportation are incredibly affordable compared to Western countries, making it an attractive destination for retirees and remote workers. While public healthcare services might not meet international standards in rural areas, private hospitals in cities like Ho Chi Minh and Hanoi deliver higher quality care. Comprehensive health insurance is essential to bridge any gaps and ensure access to premium facilities. Singapore: A Global Leader in Healthcare If world-class infrastructure and a highly developed healthcare system are on your priority list, Singapore is a standout choice. This island nation has earned a reputation for being one of the safest, cleanest, and most efficient countries globally. Singapore's healthcare system blends public and private services seamlessly. Public healthcare is accessible to citizens and permanent residents, while expats often rely on private healthcare providers for quicker access and specialized treatments. With options ranging from general practitioners to state-of-the-art hospitals, Singapore ensures that high-quality care is never out of reach.
shikhss

Ignite your wanderlust in Baroque Bohemian Prague - 0 views

  •  
    After a fantastic holiday in beautiful Austria where we were lost in a fairyland, we reached the enchanted city of Prague via a train from Vienna. This beautiful medieval town will surely ignite your wanderlust.
1 - 20 of 23 Next ›
Showing 20 items per page