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U.S. HOTEL INVESTOR sentiment remains robust, with investors indicating an increase in hotel acquisitions in 2024, according to a recent survey by CBRE Hotels Research. About 35 percent of survey respondents expect acquisition activity to remain the same as in 2023, while less than 16 percent anticipate a decrease. Despite high interest rates, more than 70 percent are targeting value-added and opportunistic hotel investments. CBRE's Global Hotel Investor Intentions Survey, which included more than 130 respondents responsible for U.S. investments, found that value-added acquisitions offer opportunities to reposition assets by adding rooms, redesigning interiors, or adding amenities to increase returns and long-term value.

FF&E PROVIDER HÄFELE and Like Magic, a guest experience platform, are producing a new multifunctional hotel room concept. The "Work and Sleep" concept allows hotel operators to transform rooms into offices, meeting spaces and other functional areas using digitally enabled furniture, fitting solutions and specialized software. Work and Sleep integrates a booking engine, guest platform, employee interface and monitoring tools into one central hub, streamlining hotel management, the companies said in a joint statement. It will combine Like Magic's guest and employee experience platform with Häfele's hardware systems, the statement said. The collaboration aims to introduce new revenue models by activating otherwise vacant rooms while reducing outfitting costs. "Our goal is to lead the way in hotel industry innovation with our forward-thinking concepts," said Gregor Riekena, Häfele's CEO. "We are currently testing these new ideas at the ibis Styles Hotel in Nagold, Germany, which serves as a valuable proving ground for our initiatives. This innovation not only allows us to gather essential insights and refine our concepts, but also demonstrates our commitment to pushing the boundaries of what modern hotels can offer. By continuously evolving and enhancing our solutions, we aim to set new standards for guest experience and operational efficiency."

The Nar Phu Valley Trek in Nepal offers a unique journey through remote Himalayan landscapes, combining stunning natural beauty with rich Tibetan culture. This trek provides adventurers with an off-the-beaten-path experience, featuring ancient villages, monasteries, and dramatic mountain vistas.

KNOWLAND RECENTLY LAUNCHED Knowland Select, a tool designed for hotels with limited meeting space. Knowland Select subscribers will receive a curated list of target accounts for upcoming need periods directly to the seller's inbox. The general market release of the product is scheduled for later this summer, Knowland said in a statement. "Knowland Select empowers limited service hotels, hardest hit by the recent travel slowdown, with automated prospecting," said Jeff Bzdawka, Knowland's CEO. "It streamlines prospecting for the segment's diverse hotel teams by directly delivering qualified accounts and contacts to the seller's inbox, boosting productivity and group business growth. Importantly, Knowland Select expands our suite of platform offerings to provide valuable sales intelligence solutions for all hotel sizes and chain scales in a portfolio. And with its accessible price point, it lowers the barrier to entry for automated prospecting at scale and helps hotels unlock a clear return on investment."

The Admiralty Inn & Suites is now open in East Falmouth, Massachusetts. The 97-room upper-midscale hotel, part of The Red Collection, is owned by Sai Vani Corp. led by Mark Patel. It is the second hotel in Cape Cod to be in Red Roof's Red Collection, joining the Mariner Resort in Yarmouth, Massachusetts, Red Roof said in a statement. The recently renovated hotel is near Cape Cod attractions like Falmouth Heights Beach, Martha's Vineyard, Nobska Point Lighthouse, Historic Falmouth Village, Highfield Hall & Gardens, Cape Cod Children's Museum, Woods Hole Science Aquarium, Old Silver Beach, Shining Sea Bikeway, and Beebe Woods, the statement said. The property features a business center, onsite fitness facility, heated indoor swimming pool and seasonal outdoor pool. "Cape Cod is a sought-after region for development and with the opening of the Admiralty Inn & Suites Red Roof now has two Red Collection properties in the region," said Matthew Hostetler, Red Roof's chief development officer. "The brand's offerings-increased amenities at an affordable price point-resonate with consumers and we'll continue our efforts to meet guest demand for Red Roof hotels across the country."

TOCK, A RESERVATIONS and events platform for the hospitality industry, recently partnered with Curator Hotel & Resort Collection to enhance food and beverage operations and provide additional amenities to guests. The partnership will enable Curator member hotels and resorts to streamline operations, drive revenue and improve guests' experiences on a single system. "Tock provides a holistic solution that empowers our customers and we're thrilled to bring that to Curator's elite network of independent hotels and resorts," said Patrick Venn, Tock's head of hotels and enterprise. "This partnership aligns with our mission to empower hotels of all sizes with forward-thinking technology focused on revenue management. Together, we aim to help these properties not only in navigating today's competitive landscape, but also setting new standards in delivering extraordinary guest experiences." Tock's platform offers capabilities tailored for hotel operators, Tock said in a statement.

AAHOA IS OFFERING a free educational webinar, "Essential Training for Hotel Owners: Managing Guest Misconduct and Ensuring Safety," on July 17. The initiative follows the death of an AAHOA member after a confrontation with a guest who was asked to leave the property, AAHOA said in a statement. The association emphasized that hoteliers should assess the risks of handling confrontational situations independently and involve law enforcement when faced with potentially volatile encounters to ensure personal safety. Hemant Mistry, a 59-year-old hotel owner from Oklahoma City, was killed last month at his property.

APERTURE HOTELS AND Satori Collective recently reopened the 120-room Hilton Garden Inn in Columbus, Georgia, following a multimillion-dollar renovation. The updates included public spaces, guestrooms, meeting space and fitness center, as well as parking improvements with EV charging stations. The full-service hotel also features an indoor pool with a hot tub and 3,500 square feet of flexible meeting space. Satori Collective is led by Andy Chopra as co-founder and managing partner. "With the completion of this full makeover, the Hilton Garden Inn Columbus now enjoys 'like-new' status, effectively making it the newest Hilton-branded hotel in Central Western Georgia," said Charles Oswald, Aperture Hotels' president and CEO. "We look forward to hosting a proper grand re-opening ceremony on Aug. 25 to fully embrace our position as a member of the community and to share our new offerings with guests and neighbors."

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Everest High Passes Trek is one of the most thrilling trekking trails in the Everest region,which perfectly satisfies all the adventure enthusiasts who are keen on crossing high passes without any commitment for technical climbing. The trek offers an enduring experience of the exotic natural beauty, geographical magnificence and profound cross cultural exposure. This rewarding trek in Khumbhu region passes through three most scenic high passes; Renjo la pass, Kongma La and Chola Pass, which is further linked with the five major valleys in the Everest region. Along with the famous landmarks of the Everest Region, the trek also provides the opportunity to visit Kala Pathar, Gokyo Lakes, Gokyo Ri, Ngozumpa glacier and Khumbu glacier. Like most of the treks in the Khumbhu region, the High Passes Trek starts with a flight from Kathmandu to Lukla follows the classical trail along Phakding and continue along the Dudh Koshi River. The trails take the trekkers to numerous Sherpa settlements, Holy Monasteries, magnificent glaciers, Lakes and high Passes while accompanied by the most beautiful mountains throughout the trek.

Nepal trekking agency, an adventure holidays trekking company in Kathmandu, Nepal offers you trekking in Nepal, expedition, tours and outdoor activities for your unforgettable holiays in Himalaya region.

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