Hotel investors have found good deals in New York due to the city's hotel-building boom. "Prices were low because we had an unprecedented oversupply, but that is already started to change. We are headed for an extraordinary recovery in the next two to three years," said Jeff Davis of Jones Lang LaSalle.
Marriott is expected to soon roll out a reservations system that will bring new features for guests. "Attribute-based selling is really trying to get away from the one-size-fits-all concept where everybody gets the same results when they search for a room," said Iain Saxton of technology innovator Amadeus, which built Marriott's new system.
The new Shore Club on Long Bay in Turks and Caicos features 106 suites in addition to six villas. "It's a rare kind of thing, at once a hotel in the grand luxury resort tradition, at the same time a cutting-edge, design-forward property that reminds of the hippest hotels on South Beach," write reviewers Alexander Britell and Guy Britton.
Local flavor, regular events and a signature drink are among six ways hotel bars draw crowds, experts say. Other tips include making the space visually inviting, keeping the menu simple and giving the bar a distinct identity separate from the hotel.
A strong development component sets Cobblestone Hotels apart from most franchisors and drives the small-market-oriented chain's success, CEO Brian Wogernese said. The company just turned 10 years old, boasts a portfolio of 88 hotels with eight in the pipeline and soon will double its two brands.
Taxpayers are carrying more than their fair share of the tourism-support load in Asheville, N.C., according to a city analysis made public by Mayor Esther Manheimer. The hotel industry pays 5% of Asheville's $64 million a year in property taxes, which means residents are subsidizing a robust tourist trade, Manheimer said.
Keeping the ears and mind open during development is essential to getting projects done on time and under budget, hospitality leaders agreed at a recent gathering. "When I look at it from the perspective of the designer and when I look at it from the perspective of the developer, I'm going to add two words: ego and humility," said Michael St. James of Acumen Development Partners, West.
A new restaurant called Cultivated F+B plays a starring role in Houston's Lancaster Hotel, set to reopen Monday after a multimillion-dollar renovation prompted by flood damage from Hurricane Harvey. The hotel's new owners opted for a complete redesign with a contemporary flair.
- Page 1