Schulte Hospitality Group’s Post

IT'S all change at the top at Antrim-based hospitality business the McKeever Hotel Group. Click the link below to read the full article ⬇ #antrim #mckeeverhotelgroup #hospitality

Big news in hospitality: Hyatt to take over The Standard and Bunkhouse Hotels #HyattHotels #StandardInternational #LifestyleHotels #AmarLalvani #HotelAcquisition #WorldOfHyatt #BunkhouseHotels #HotelNews

At the Americas Lodging Investment Summit, the C-suite, including Julie Arrowsmith of G6 Hospitality LLC, John Cohlan of Margaritaville, Michael Lipson of Access Point Financial, LLC and James Merkel of Rockbridge, checked in with their perspectives on how they see things shaping up for the hotel industry for the rest of the year. Here's some of what they said in this report: American Hotel & Lodging Association #HOTELS #hotelnews #hospitality #hospitalityindustry #hospitalitynews #hotelindustry #lodgingindustry

#Frasers #Hospitality, a strategic #business unit of Frasers #Property, is fortifying its #international #expansion through collaborations with #capital partners and third-party #hotel #operators that complement its operational #excellence within the extended stay segment. https://lnkd.in/gv-pQ58S

What’s really interesting about the two Kasa assets mentioned in the article, is the totally unique approach Kasa took to bringing these hotels online compared to a typical operator. In partnership with patient and might I say awesome Owners, we were able to strip down these assets Ops wise to an MVP operating model, insanely labor light. But we didn’t stop there, we studied the Quality impacts of doing so, and tested various new programs from Capex investments to labor additions. In so doing, we didn’t spend owner dollars until we were able to much more clearly measure the impact of a marginal program, role or investment by building an ROI based case rather than just assuming that because a prior operator did something, it was a good idea. This has led to margins that don’t just start high, but steadily improve over time as well.

Trilogy Hotels has secured a landmark deal with Schwartz Family Company The first of its kind in Australia the deal will see the Trilogy team manage operations for more than 1000 rooms across four hotels in NSW and the ACT. Hotels included in the deal are Mercure Sydney, Ibis Sydney World Square, Mercure Canberra and Fairmont Resort Blue Mountains. CEO of Trilogy Hotels, Scott Boyes, has worked with Dr Jerry Schwartz and his family for many years and believes this deal marks a turning point for the hotel industry in Australia. “It’s an incredible moment for Trilogy Hotels. This long-term agreement is a true meeting of the minds. We each share a passion for the hotel industry and understand what hospitality can achieve when everyone is playing to their strengths,” says Scott Boyes. The venture was conceived by three of Australia’s top hospitality innovators, Scott Boyes Grant Alchin and Tony Ryan. Trilogy Hotels provides hotel owners and hotel brands with an operating platform for investment-grade assets where hotel operations are managed independently by Trilogy’s experienced team. Jerry Schwartz The ASEAN Developer Amanda Warner Gus Moors Luxury List RETalk Asia Matt Barbelli Scott Bear Kristin Carville Charley Glover #trilogyhotels #hotelnews #hotelmanagement #hotelindustry #hotelinvestment #hotelbusiness #hotelier #hotel #hoteloperations #hotelowners #hotelrevenuemanagement #hoteldevelopment

In light of Hyatt’s reported pursuit of Standard International, hospitality pros shared with me some key advantages of hotel brand acquisition — as well as the obstacles it poses. This deal, particularly, could help Hyatt Hotels Corporation expand in the #boutiquehotel space, which has seen significant growth of late, according to The Highland Group’s Boutique Hotel Report 2024, which I got a sneak peek at. More generally, hotel brand #acquisition can help expedite portfolio growth and build #loyalty. But there are some challenges that come along with acquiring an already established brand. Find out what you need to know about hotel brand acquisition in my latest for Hotel Dive. Thanks for your insights, Yariv Ben-Ari. https://lnkd.in/eFy_Vqjx

🏨💤 Importance of Closing a Hotel After the Season 🍂🌙 As we bid farewell to another spectacular season, it's time to reflect on the importance of closing a hotel after the bustling period comes to an end. 📆✨ Imagine a magnificent hotel, boasting 400 luxurious rooms and offering an array of delightful experiences through its 11 food and beverage venues. This enormous establishment has undoubtedly provided countless memories for its guests and created a strong team of dedicated professionals. 🌟🍽️🛎️ Now, why is it crucial to temporarily close such a remarkable property? Let's delve into the reasons behind this strategic decision. 🤔🔒 1️⃣ Maintenance and Renovation: Just like any other property, hotels require periodic maintenance and renovation to ensure they remain in top-notch condition. Closing the hotel after the season allows us to carry out necessary repairs, refresh the interiors, and upgrade facilities for an even more exceptional guest experience. 🛠️🔨🌟 2️⃣ Efficient Resource Allocation: By closing the hotel during the off-season, we can optimize resource allocation. This means that our dedicated team can focus on training, development programs, and enhancing their skills to deliver unparalleled service when we reopen. 💪📚 3️⃣ Strategic Planning: The post-opening phase of a hotel is equally important as the pre-opening phase. Closing the hotel after the season provides an opportunity for us to carefully plan and strategize our marketing campaigns, guest experience initiatives, and revenue management strategies. This ensures that we hit the ground running when we welcome guests back. 📈🚀 4️⃣ Rest and Rejuvenation: Just as we encourage our guests to take time off and unwind, it is equally important for our team to recharge their batteries. Closing the hotel allows our hardworking staff to take a well-deserved break, ensuring they return refreshed, motivated, and ready to exceed expectations. 💤💆♀️🌞 So, as we close the doors of our magnificent hotel for a brief period, let's celebrate the importance of this decision. It is through deliberate planning, maintenance, and team dedication that we continue to offer exceptional experiences to our valued guests. 🥂🤝🌟 #HotelIndustry #Hospitality #ClosingSeason #TeamDedication #GuestExperience #Renovation #PlanningAhead

2023 was a landmark year for the hospitality sector, with hotel transaction volume reaching approximately US$ 421 million, which is five times higher compared to 2022.   In a recent conversation with BW HOTELIER, Jaideep Dang shared his perspective on the resilience and resurgence of the hotel industry. He discussed how this growth momentum can be sustained, anticipated the future outlook, and highlighted new areas of opportunities for the hospitality industry.   #Hospitality #Hotels #IndiaRealEstate

C&W HOTEL MARKET SPOTLIGHT – EDINBURGH Q1 2024 ⭐ Edinburgh’s hotel sector outperformed the UK national average in revenue growth, showing a healthy performance for the first quarter of the year despite an ongoing increase in the supply of hotels. ⭐“It’s encouraging news for Edinburgh hoteliers, particularly as VisitScotland recently announced that Scotland broke its record for the number of international visitors last year. There’s also been an uplift in the number of hotel investment transactions that took place in Edinburgh last year, which again was unique to the city compared to the rest of the UK where annual volume of sales decreased in 2023.” - Carl Ridgley, Head of Hospitality Valuation & Advisory at Cushman & Wakefield Read more by downloading our Edinburgh Hotel Market Spotlight: https://lnkd.in/evMG-vXD Subscribe now to receive tailored updates and expert analysis delivered directly to your inbox: https://lnkd.in/ebPWfeEJ 📑 For further information and support with your hotel real estate in the UK, contact our experts Ed Fitch, Carl Ridgley, or Richard Candey, or contact us at HospitalityEMEA@CushWake.com Data source: HotStats (consistent sample of primarily upper-upscale branded hotels in Edinburgh) #CWHospitality #HotelInvestment #HotelRealEstate #UKHotels