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Park Hotels & Resorts Inc. Completes Sale of the Hilton Nuremberg for $17.5 Million

Hotel Online·28 March 2019
Park Hotels & Resorts Inc. (“Park”) (NYSE:PK) today announced that it has closed on the sale of the 152-room Hilton Nuremberg hotel (the “Hotel”) located in Nuremberg, Germany for gross proceeds of $17.5 million, or $115,000 per key. When adjusted for Park’s anticipated capital expenditures (“capex”) of $10.1 million for the Hotel, the sale price represents a 3.5% capitalization rate on the Hotel’s 2018 net operating income (5.6% excluding capex), or 21.2x (13.4x excluding capex) the Hotel’s 2018 EBITDA.

HVS Market Pulse: Chicago Ascending

Hotel Online·28 March 2019
Chicago continues to attract major corporations and hotel development, supported by its proximity to global transportation infrastructure and a well-educated workforce. In 2018, 57.6 million visitors came to Chicago, setting a record for city tourism. In addition to the plethora of tourist attractions in Downtown Chicago, McCormick Place continues to be a major demand generator for the ever-growing supply of hotels in the market.

GF Management Completes $9 Million Room Renovation of Hilton Garden Inn Philadelphia Center City

Hotel Online·28 March 2019
Hilton Garden Inn Philadelphia Center City will complete a full guest room renovation on April 1, 2019. As a result, the Hilton Garden Inn is now one of the most modern and relaxing places to rest in the heart of Center City Philadelphia.

It's interactive, it's engaging, it's AI-powered: Mobile advertising 2019, are you there yet?

Hotel Online·28 March 2019
By the end of 2019, in-app advertising will have grown by 60% as media-buyers continue to see increased conversion rates. What to expect from mobile advertising over 2019?

How Concerned Are Consumers About Online Privacy?

Hotel Online·28 March 2019
More than three-quarters (76%) of consumers in the United States say they are now moderately or significantly concerned about online privacy and the ways in which brands use data, according to recent research from SlickText.

The Wrap: Kuala Lumpur-Singapore crowned world's busiest international route for second straight year

Hotel Online·28 March 2019
In the news: Asia Pacific home to world’s busiest flight routes, more rail options for Ctrip users in Amadeus tie-up, Fliggy’s new shopping channel

Hong Kong based Cathay Pacific acquires LCC rival

Hotel Online·28 March 2019
The flagship carrier announced on Wednesday that it has entered into a Share Purchase Agreement for the acquisition of 100 per cent of Hong Kong Express

Why the Boutique Hotel Sector Is Booming

Hotel Online·28 March 2019
Hotel guests are have made it clear: Whether traveling to New York City or Durham, NC, they value individuality and personality over uniformity and they are willing to pay a premium to get it.

Hotel Operations Always Come Down to Your People

Hotel Online·27 March 2019
Springtime sees the prerequisite visit to my favorite outdoor furniture shop. Over the past few visits I had been dealing with the same fellow who was both friendly and extremely knowledgeable. While our largest purchase was made prior, we continued to acquire additional items that he recommended based upon his prior knowledge of our purchasing history and what he thought would best help us ‘fill in the gaps’ for our terrace.

Cendyn and Hospitality Plus Collaborate to Assist Hotels With the Guest Experience

Hotel Online·27 March 2019
Cendyn, the World’s Leading Hotel CRM Provider, and Hospitality Plus, the online distribution and digital marketing experts, have announced a collaborative initiative that will enable hoteliers to enhance the guest experience throughout their travel journey.

Travelzoo Celebrates Successful Debut of Global Sustainability Campaign

Hotel Online·27 March 2019
Travelzoo, a global publisher of exclusive offers and experiences for members, has seen a highly positive reaction from its members in China to the company’s #GreenAmbassador initiative. The #GreenAmbassador is the first in a series of initiatives to be launched by Travelzoo as part of its new Global Sustainability Campaign to champion sustainable travel solutions for the world.

SKAL International Australia empowers staff with eHotelier Academy online training

Hotel Online·26 March 2019
eHotelier Academy has launched a new online training programme for SKAL International Australia, a global membership organisation for tourism and travel professionals. The newly branded SKAL eCampus will help to up-skill SKAL Australia’s members and employees and help develop the next generation of its leaders.

Professor Dimitrios Buhalis was invited to address the World Tourism Organization Forum: Facing the Demographic Challenge Through Tourism and Innovation in Segovia, Spain, 26 March 2019.

Hotel Online·26 March 2019
The meeting was opened by the Prime Minister of Spain, HE Pedro Sánchez Pérez-Castejón, President of the Government of Spain and Zurab Pololikashvili, Secretary-General of the United Nations World Tourism Organization.

Marketing attribution and data management 2019: Key takeaways from research briefing

Hotel Online·26 March 2019
Research (and lots of graphs) around the main data challenges for marketers today, what factors people asses in marketing intelligence vendors, attribution, and more.

Condor Hospitality Trust Closes Sale of Quality Inn & Marina in Solomons, Maryland

Hotel Online·26 March 2019
Condor Hospitality Trust, Inc. (NYSE American: CDOR), a hotel-focused real estate investment trust (REIT) headquartered and incorporated in the state of Maryland, today announced the closing on the sale of a legacy hotel asset, the 59-room Quality Inn & Marina in Solomons, Maryland for $4.3 million. Net proceeds from the sale will be applied to outstanding debt on the Company’s $150 million secured credit facility.

Hilton University of Houston Receives $30.4 Million Bond for Renovation and Expansion of Teaching Hotel

Hotel Online·25 March 2019
A $30.4 million project to expand and renovate the Hilton University of Houston, the teaching hotel for students at UH’s Conrad N. Hilton College of Hotel and Restaurant Management, has been approved by the University of Houston System Board of Regents. The project is financed through a revenue bond issued by the UH System, which will be repaid with additional revenue generated by the hotel.

Hospitality M&A Focus to Shift to Smaller, Niche Platforms in 2019

Hotel Online·25 March 2019
After a bumper 2018, more hotel mergers and acquisitions are expected this year. But don’t expect a further slew of mega transactions. The focus instead is shifting towards more private deals with smaller platforms.

The Castell Project Launches $1 Million "Ladder Up" Capital Campaign

Hotel Online·25 March 2019
Officials of Castell Project, Inc., a 501(c)3 nonprofit organization dedicated to accelerating the careers of women professionals in the hospitality industry, today launched its “Ladder Up” capital campaign. With a goal to raise $1 million dollars, the organization also announced that Hilton has signed on as the lead sponsor with a $100,000 donation to launch the campaign.

HSMAI Foundation Launches New Initiative to Build Hospitality Industry Talent Pipeline in Sales, Marketing and Revenue Management

Hotel Online·25 March 2019
The Hospitality Sales and Marketing Association International (HSMAI) Foundation today announced a new mission to tackle head-on a compelling, timely issue the hospitality industry is facing: talent and leadership development in sales, marketing, and revenue management.

PolyU Study Revealed Mainland Chinese Visitors' Motivations for Shopping

Hotel Online·25 March 2019
Mainland Chinese tourists visiting Hong Kong tend to visit different shopping outlets to buy luxury goods according to their different motivations, conclude Dr Sam Kim of the School of Hotel and Tourism Management (SHTM) at The Hong Kong Polytechnic University and his co-researchers.

Creating a voice search experience for your brand

Hotel Online·25 March 2019
Gartner predicts that by 2020, voice search will account for 30% of all web-browsing. Preparing your brand for this unprecendented rise in voice search.

From Cosplay To Cornhole, Red Roof Targets Passion Travelers

Hotel Online·25 March 2019
A new subset of travelers are road-tripping across the country to attend, compete in, or experience their favorite passions first-hand. Red Roof is catering to these “Passionists”—the convention, conference, and event travelers who are avid gaming geeks, compete in obstacle course races, follow cornhole contests, dress up in cosplay, and attend events to partake in other hobbies and interests. These travelers may use their paid time off to follow their passions or make careers out of them.

IATA Launches CEIV Fresh, a new industry certification

Hotel Online·22 March 2019
The International Air Transport Association has launched a new industry certification - the Center for Excellence for Perishable Logistics (CEIV Fresh) - to improve the handling and the transport by air of perishable products.

Sheraton Society Hill To Become Philadelphia Marriott Old City

Hotel Online·22 March 2019
The Buccini/Pollin Group and Marriott International have announced plans to transition the Sheraton Society Hill into the Philadelphia Marriott Old City. The 364-room hotel will become the newest Marriott Hotels branded property in Philadelphia when the project is complete in July 2019.

Luxury Hotels: What's Their Digital IQ?

Hotel Online·21 March 2019
In response to existential threats posed by disruptors like Airbnb and Google, luxury hotels continue to grow digitally through reinforced loyalty programs, digital visibility and content production efforts and differentiating technologies on their online or on-property experiences.

Eight tips to use Instagram more effectively to drive action

Hotel Online·21 March 2019
Instagram can help your brand drive action to meet your goals. Here are eight ways on how to use Instagram more effectively to find your ROI.

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