LRE & Companies and American Hospitality Services Unveil New Mixed-Use Project in Thriving Sacramento, CA Metro Area County

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Hotel king bed in front of a wall of windows overlooking a city

SAN RAFAEL, CA — December 6, 2022 — LRE & Companies, a full spectrum real estate development, asset manager, construction, and hotel management company, and American Hospitality Services, Inc., a development and hotel management company acting as sponsor, operating partner, and asset manager of strategic commercial real estate assets, have unveiled the plans for Roseville Junction, a new mixed-use project in Roseville Junction, CA, one of the state’s fastest-growing counties.

Akki Patel

“Without a doubt, Roseville Junction is in a class of its own,” said Akki Patel, CEO of LRE & Companies. “Nothing like this project has been done before in Placer County, let alone the Sacramento area. What we’re developing is truly remarkable and a game-changer for the community. We’re proud to be part of Roseville Junction and a contributor to the future success of the Roseville community.”

Roseville Junction will have two select-service hotels, three restaurants, an outdoor gathering space, and an entertainment and sports complex. The hotels and restaurants are currently under negotiation. To bring the community together in an outdoor gathering space through food and drink, Social Connection will offer a variety of food and beverage options, including a well-known brewery serving beer, wine, and pizza. It will offer the most prominent outdoor gathering space for miles and be family and pet friendly to appeal to the small community. The entertainment and sports complex will have a bocce ball court and 10 pickleball courts. It will also offer comfort food items such as wood-fired Neapolitan pizzas, Mexico City-inspired tacos, burgers, and more. There will also be ordering apps where guests can place food and beverage orders from their phones and have their food delivered by food ambassadors moving throughout the property. Social Connection will sit on more than 58,700 square feet.

Located in Northern California, Placer County has six incorporated cities and towns with a total area of 1,506 square miles of diverse geography and a population of 390,000 and 13,000 businesses. The county has more than one million acres of national forest land filled with trails, natural lakes, rivers, and streams. It is also a year-round destination for winter and summer, attracting more than one million visitors each year.

The site for Roseville Junction is 20 minutes north of Sacramento, CA, and adjacent to Highway 65 near Interstate 80, making it accessible to the entire Placer County region. It’s also near new retail and shopping amenities, including Roseville Galleria in Roseville, CA, the second-largest mall in northern California. Roseville is also near many of the area’s vineyards and wineries.

“When we first assessed the site, the first thing we noticed is its outstanding location,” said Victor Chiang, vice president of development at LRE & Companies. “It’s centrally situated amongst so much amazing retail, including Westfield Galleria, The Fountains, and Creekside Town Center. With so much retail surrounding us, there’s plenty of opportunity to attract shoppers from all over. Roseville Junction is the perfect place for them to connect and gather, enjoy the California sunshine, grab a bite to eat, and raise a glass.”

The Roseville submarket has demonstrated strong demographic fundamentals and a rapidly expanding population and attracted several new major employers, many of which are in the healthcare industry. Other top industry segments include public administration, construction, education services, finance and insurance, and computer and electronic products.

Rohit Ranchhod

“With more than 135,000 people, Roseville is the most populous city in Placer County, making it the ideal location for a new mixed-use project,” said Rohit Ranchhod, president and CEO of American Hospitality Services. “With a Mediterranean climate and more than 250 days of sunshine yearly, Roseville is home to more than 80 parks and recreation facilities. The city is also just 90 minutes away from Lake Tahoe, near endless winter and water sports, and numerous hiking and mountain biking trails.”

About LRE & Companies 

The LRE & Co. is a family organization in real estate development, construction, and food and beverage businesses since 1999. It has been present in major markets throughout northern California and northwest Nevada. It is an ever-growing organization consisting of a group of diverse and dynamic people who strive for excellence. LRE & Co. & affiliates’ food and beverage arm comprise franchise restaurants and master development agreements for national franchises. The commercial real estate arm comprises investments in commercial land space and partnerships with major fast casual/QSR brands, Marriott, Hilton & Hyatt groups of hotels. LRE & Co. has a diverse portfolio of office buildings, retail properties, multi-family holdings as well as hospitality. Over the last 15 years, LRE & Co. has leveraged its experience in the real estate space, leading to the inception of the real estate Investment and development arm of the company. Several projects are underway or completed in a very short span due to prior knowledge of the commercial space, including AC by Marriott in Sacramento downtown, Courtyard by Marriott in Woodland, H2 Suites by Hilton & multi-family development in Sacramento.

About American Hospitality Services, Inc.

American Hospitality Services Inc. (AHSI) is a full spectrum development company acting as sponsor, operating partner, and asset manager of commercial real estate. As a company based in Sacramento, AHSI focuses its operations on Northern California. AHSI success comes from relationship-based development coupled with world class operational standards.

SOURCE CJ Media Solutions, LLC

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Hotel And Other Travel Accommodation Global Market to Reach $1.16 Trillion by 2026 at a CAGR of 12.5%

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DUBLINDec. 5, 2022 /PRNewswire/ — The “Hotel And Other Travel Accommodation Global Market Opportunities And Strategies To 2031” report has been added to  ResearchAndMarkets.com’s offering.

The global hotel and other travel accommodation market reached a value of nearly $645.44 billion in 2021, decreased at a compound annual growth rate (CAGR) of -6.0% since 2016. The market is expected to grow from $645.44 billion in 2021 to $1,160.79 billion in 2026 at a rate of 12.5%. The market is then expected to grow at a CAGR of 4.6% from 2026 and reach $1,453.44 billion in 2031.

Growth in the historic period resulted from a rise in disposable income, growth in mobile applications for hotel, restaurants and travel, improved earning capacity, emerging markets growth, growth in the travel and tourism industries and rising aging population and early retirement. Factors that negatively affected growth in the historic period were the coronavirus pandemic, talent crunch in emerging Asia, online travel agencies (OTAs) increasing power, low customer retention and availability of alternatives.

Going forward, economic growth in developed nations, growing millennial travelers, rising participation in outdoor activities, rising spend on leisure, technological developments and a shift in travel trends will drive market growth. Factors that could hinder the growth of the hotel and other travel accommodation market in the future include security concerns, geo-political tensions and government regulations.

Asia Pacific was the largest region in the hotel and other travel accommodation market, accounting for 35.8% of the global market in 2021. It was followed by North AmericaWestern Europe and the other regions. Going forward, the fastest growing regions in the hotel and other travel accommodation market will be Africa and South America, where growth will be at CAGRs of 20.1% and 16.0% respectively from 2021-2026.

Market-trend-based strategies for the hotel and other travel accommodation market include focus on acquiring companies to enhance product offerings and increase revenues, focus on bringing more innovative hotel design, introduce automation in their processes to enhance customer experience and improve efficiency, investing in 3D printing technology for personalized options, and cheaper and more efficient designs, adopt smart room keys to improve customers’ convenience and overall experience, consider adopting the use of artificial intelligence for better analysis and insights to improve customer experiences, focus on offering attractive packages to solo travelers to maximize profits, companies should focus on customer acquisition by launching direct booking platforms, and focus on improving their rank on search engines to attract customers.

Player-adopted strategies in the hotel and other travel accommodation industry include focus on diversifying the company’s brand through strategic agreements, expanding customer base through strategic acquisitions, strengthening business worldwide through strategic alliances, strengthening geographic position through extended strategic partnerships and expanding business through strategic investments.

Scope

Markets Covered:

1) By Type: Hotel And Motel; Casino Hotels; Bed And Breakfast Accommodation; All Other Traveler Accommodation

2) By Mode: Online Bookings; Direct Bookings; Others

3) By Application: Tourist Accommodation (Leisure); Official Business (Professional)

4) By Price Point: Economy, Mid-Range; Luxury

5) By Ownership: Chained; Standalone

6) By Property Type: Hotels; Serviced Residences; Apartment Hotels; Co-Living; Other Property Types

Key Topics Covered:

1. Hotel And Other Travel Accommodation Market Executive Summary

2. Table of Contents

3. List of Figures

4. List of Tables

5. Report Structure

6. Introduction

7. Hotel And Other Travel Accommodation Market Characteristics

8. Hotel And Other Travel Accommodation Market, Product/Service Analysis – Product/Service Examples

9. Hotel And Other Travel Accommodation Market, Supply Chain Analysis

10. Hotel And Other Travel Accommodation Market Customer Information

11. Hotel And Other Travel Accommodation Market Trends And Strategies

12. COVID-19 Impact On The Hotel And Other Travel Accommodation Market

13. Global Hotel And Other Travel Accommodation Market Size And Growth

14. Hotel And Other Travel Accommodation Market, Regional Analysis

15. Global Hotel And Other Travel Accommodation Market Segmentation

16. Global Hotel And Other Travel Accommodation Market Comparison with Macro Economic Factors

17. Asia-Pacific Hotel And Other Travel Accommodation Market

18. Western Europe Hotel And Other Travel Accommodation Market

19. Eastern Europe Hotel And Other Travel Accommodation Market

20. North America Hotel And Other Travel Accommodation Market

21. South America Hotel And Other Travel Accommodation Market

22. Middle East Hotel And Other Travel Accommodation Market

23. Africa Hotel And Other Travel Accommodation Market

24. Global Hotel And Other Travel Accommodation Market Competitive Landscape

25. Key Mergers And Acquisitions In The Hotel And Other Travel Accommodation Market

26. Market Background: Non-Residential Accommodation Services Market

27. Global Hotel And Other Travel Accommodation Opportunities And Strategies

28. Hotel And Other Travel Accommodation Market, Conclusions And Recommendations

29. Appendix

30. Copyright and Disclaimer

Companies Mentioned

  •         •  Marriott International
  •         •  MGM Resorts International
  •         •  Intercontinental
  •         •  Downer EDI Limited
  •         •  Ctrip.Com International Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/g8gy7z

SOURCE Research and Markets

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WALDORF ASTORIA CHICAGO DEBUTS COMPLETED RENOVATION

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Premier Gold Coast Hotel Introduces New Dining Concepts, and Unveils Updates to Guestrooms, Suites, Lobby and Spa

CHICAGO – (December 5, 2022) – Waldorf Astoria Chicago is pleased to celebrate the completion of its renovation across the grand chateau-style Gold Coast hotel. The refurbishment includes fully updated guestrooms and suites, the lobby, and spa, as well as debuts a redesigned Presidential Suite and introduces a new, spacious Astoria Suite. Guests are also welcome to enjoy all new food and beverage experiences including the lobby-level Peacock Lounge, the newly opened Brass Tack and the re-introduced, beloved Bernard’s cocktail lounge.

 

The renovation of the guestrooms and suites, lobby and Peacock Lounge, Bernard’s, and spa was executed by the award-winning KTGY Simeone Deary Design Group who was responsible for the genesis of the hotel’s original concept and design in its entirety in 2009. The team drew inspiration from French design masters, whose style and grace can be seen across the updated social spaces and accommodations, to bring a reimagined and refreshed modern approach that embraces a vision of timeless, refined luxury with a bit of a contemporary twist.

Refreshed Accommodations and Grand Suites

The design approach to the guestrooms and suites serves to elevate the luxurious experience found within. Inspired by recent French Fashion Masters, a warm white palette modernizes the rooms. The vernacular of the fashion pinstripe can be found throughout the furniture detailing in the room and highlights the form of the monumental headboard with integral art.

As part of the renovation, Waldorf Astoria Chicago introduces a new 1,800-square-foot Astoria Suite and redesigned 2,400-square-foot Presidential Suite, which both evoke the charm of a Parisian pied-à-terre, designed in beautiful modernity with polished wood flooring, gorgeous curves, and bright metals. The Presidential Suite dazzles with custom pinstriped drapery and dark, moody upholstered headboards with leather side panels, as well as architectural stone and crystal side tables, and a custom sofa upholstered in light semi plan chenille with a subtle sheen. The suite offers two bedrooms, each with private bath and dressing areas, a sleek living room and dining room, two terraces and a fireplace, as well as an exclusive fitness room with a Peloton bike, Echelon Mirror, hydro rower, treadmill, and free weights. The Presidential Suite can expand into a larger, 3,000-square-foot three-bedroom suite.

A New Lobby Experience

The lobby, which draws guests in with its beautiful chandelier, received a refresh, adding comfortable new seating options with side tables that invite a seamless flow of guests checking-in and Chicagoans to enjoy a quiet respite. The space flows into a new lobby parlor and Peacock Lounge, which pays tribute to the original Peacock Alley at the brand flagship, Waldorf Astoria New York. A subtle nod to its illustrious history can be found in the real feather wall panels lining the back walls of the bookcases. Lounge seating upholstered in sumptuous velvets and woven fabrics weave into the space to allow for intimate conversation and beautiful viewing vistas. Further inspiration was drawn from Chicago businesswoman and socialite Bertha Palmer, with the design team studying her home and parlor to bring that essence into the setting.

Here, guests can lounge, meet others, and enjoy a quiet moment, accompanied by all-day menus of light nibbles and beverages including coffees, pressed juices, and wines.

Introducing Brass Tack

Now open, Brass Tack showcases an American Brasserie with a Chicago twist. Helmed by Executive Chef Nicholas Marino, the restaurant features a strong focus on an approachable touch to Midwest sourced American cuisine, highlighting the best of regional cookery and ingredients. From lively dinners and power lunches to weekend brunch with bottomless Rosé, Brass Tack serves as a dining destination for guests and locals alike who can feast on signature dishes including a breakfast Lobster Toast, butter poached lobster with truffle scramble on Ciabatta with hollandaise; Chicken Confit with shaved vegetable slaw in a beet gastrique for lunch; and dinner standouts of PorterHouse Steak for two with marrow butter and Whole Roasted Walleye with pea tendrils, sea salt and lemon oil, all straight out of the wood oven.

Complementing the cuisine is a robust cocktail program developed by cocktail and couture manager Miguel Sanchez Borrego, with a menu dedicated to signature martinis and classic cocktails with a sophisticated twist. Brass Tack also serves as an idyllic setting for group dining and shared plates with its well-appointed dining room, spacious bar and new private dining spaces. Read more about Brass Tack HERE.

Re-introducing Bernard’s

A highlight of the renovation is the return of the beloved neighborhood cocktail lounge, Bernard’s. The sophisticated establishment was lovingly restored in its former space, re-emerging as an intimate craft cocktail and champagne bar. KTGY Simeone Deary Design Group drew inspiration from various design luminaries to create a setting reflecting rich, dark colors, classic forms, tweeds from the Scottish Highlands and equestrian influences. The interior showcases elements including millwork paneling with custom inserts, cozy banquettes with leather detailing and plaid accents, a central tête-à-tête, and a dazzling step-up bar that overlooks the hotel’s front courtyard drive. Located on the second floor, Bernard’s also features new rippled smoked glass windows that look down into the updated lobby.

The timeless, yet modern design extends into the thoughtfully curated cocktail and beverage menu, which strikes a balance between revered classics that pay tribute to the past and innovations that provide a moment in the present. Guests may peruse time-honored favorites like the Sazerac alongside signature twists such as The Southernmost, mixed with Belvedere, lime juice, condensed milk, and brulée foam. The beverage menu is rounded out with fine spirits, Champagne and wines, which guests can accompany with decadent snacks including Caviar Service with traditional accoutrements and house-chips, Duck Confit Croquettes, and other tasty nibbles. Read more about Bernard’s HERE.

An Enhanced Spa Experience

Alongside the renovation, the hotel unveils exciting updates to its award-winning Waldorf Astoria Spa & Health Club, introducing an additional couple’s treatment room to further showcase the spa’s romantic design aesthetics. The Spa is also delighted to debut a new partnership with renowned international brand Biologique Recherche with the dedicated spa therapists being meticulously trained in providing The Custom BR Uplift Facial as part of the Spa’s menu of treatments. Chicagoans can also take advantage of enhanced membership programs, offering exclusive benefits and insider perks across the hotel. Read more about the enhanced spa experience HERE.

Waldorf Astoria Chicago participates in Hilton Honors, the award-winning guest loyalty program for Hilton’s 18 distinct hotel brands.

For more details on the property or to reserve a stay in the redesigned hotel, please visit waldorfastoriachicagohotel.com.

About Waldorf Astoria Chicago

Waldorf Astoria Chicago, a 60-story hotel and residence designed by architect Lucien Lagrange emulating   the   grand   hotels   of   Paris   in   the   1920s, is   located   in   the   historic   Gold   Coast neighborhood adjacent to the most exclusive shops, restaurants, nightlife, recreation/beach, and businesses. Through innovations in service and technology, the 214-room hotel creates an energetic and fashion forward luxury experience complete with an award-winning 14,000 square-foot spa & health club; 24-hour in-room dining; and nearly 8,000-square-feet of meeting, private dining, and event space inclusive of the cobblestone courtyard. A newly completed renovation unveiled new premier cocktail and lounge settings including Peacock Lounge and the re-introduced Bernard’s bar, Brass Tack, a new restaurant and private dining venue, an updated lobby and refreshed guestrooms and suites, including a new Astoria Suite and redesigned Presidential Suite. To explore Waldorf Astoria Chicago, please visit www.waldorfastoriachicagohotel.com or call (312) 646-1300. Follow on social media at instagram.com/wachicago/, facebook.com/WaldorfAstoriaChicago, and twitter.com/Waldorf_Chicago.

About Waldorf Astoria Hotels & Resorts

Waldorf Astoria Hotels & Resorts is a portfolio of more than 30 iconic properties that creates a unique sense of place with a relentless commitment to elegant service, one-of-a-kind experiences and culinary expertise in landmark destinations around the world. Inspired by their timeless environments and sincerely elegant service, Waldorf Astoria hotels deliver an effortless experience seamlessly, creating a true sense of place for guests through stunning architectural features, brand rituals, the famous Peacock Alley, refined art collections and elevated in-room amenities. In addition to the brand’s world-class hotel offerings, Waldorf Astoria boasts a global residential portfolio that provides the comfort of a private home combined with unsurpassed amenities and high-touch service. Waldorf Astoria is part of Hilton, a leading global hospitality company. Experience an unforgettable stay at Waldorf Astoria Hotels & Resorts by booking at waldorfastoria.com or through the industry-leading Hilton Honors app. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. Learn more about Waldorf Astoria Hotels & Resorts at stories.hilton.com/waldorfastoria, and follow the brand on Twitter, Instagram and Facebook.

About Hilton 

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 7,000 properties and more than 1.1 million rooms, in 123 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed more than 3 billion guests in its more than 100-year history, earned a top spot on Fortune’s 100 Best Companies to Work For list and been recognized as a global leader on the Dow Jones Sustainability Indices for five consecutive years. Hilton has introduced several industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the nearly 146 million members who book directly with Hilton can earn Points for hotel stays and experiences money can’t buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit stories.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

About KTGY Simeone Deary Design Group

With a bold vision to reshape how people experience hospitality and residential spaces, KTGY Simeone Deary Design Group is a fully integrated planning, architecture, interior design, and branding practice. The firm’s multi-disciplinary team has a passion for creating boundary-pushing, unique environments that evoke emotion, forge connections and are as experiential as they are functional. From conceptual design and interior architecture to graphics and branding, KTGY Simeone Deary Design Group’s involvement in a project goes well beyond design aesthetics to define what it means to truly be somewhere. Approaching each project through a distinctly artistic lens, the firm creates transformative and highly personalized journeys that shape the guest experience.

KTGY Simeone Deary Design Group’s award-winning portfolio of high-end projects includes new construction, adaptive reuse, renovation, and conversion for the hospitality, residential, restaurant, and entertainment industries throughout the United States and abroad. For more information, visit: www.simeonedeary.com.

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MAJORITY OF AMERICANS SEE BIPARTISAN IMMIGRATION REFORM AS SOLUTION TO WORKFORCE SHORTAGES, INFLATION, ECONOMIC CHALLENGES

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Hotel Industry launches Workforce & Immigration Initiative with new survey and multi-state digital advertising campaign directed to Congress and the Administration

WASHINGTON (December 1, 2022) – Hospitality is Working, an affiliate of the American Hotel & Lodging Association (AHLA), today launched the Workforce & Immigration Initiative to emphasize the need for Congress to support the U.S. workforce and economy through bipartisan solutions to fix our nation’s broken immigration system. Accompanying the launch, the Workforce & Immigration Initiative released a six-figure digital advertising campaign in D.C. and key states, as well as a new survey underscoring voters’ support for reform that prioritizes the U.S. workforce, economy and securing the border.

Nearly all hotels are experiencing staffing shortages, and hotel employment remains down by more than 350,000 jobs compared to February 2020 according to the U.S. Bureau of Labor and Statistics. Hotels are looking to fill many of the jobs lost during the pandemic, including more than 105,000 hotel jobs currently open across the nation.

“Workforce shortages are severely impacting America’s economy, notably the leisure and hospitality sector, which is facing historic worker shortfalls. This crisis has contributed to high levels of inflation and restricted economic growth. Americans everywhere are feeling the impacts of these difficulties. To address the extraordinary workforce shortages, Congress and the administration must come together and find bipartisan solutions that include incorporating more immigrants into the American economy,” said Chip Rogers, president and CEO of AHLA. “The goal of the newly launched Workforce & Immigration Initiative is to highlight the historic opportunity to take action on this critical issue. Americans are demanding our that leaders in Washington put partisan politics aside and prioritize growing our economy and workforce, by developing an efficient and workable immigration system.  The time to act is now.”

On behalf of the Workforce & Immigration Initiative, Global Strategy Group and Public Opinion Strategies partnered to conduct a survey of 1,014 voters nationwide from November 14 – 21, 2022 on immigration and other key issues facing our nation. Key findings include:

  • •  Two in three voters (67%) believe that to build a dependable and efficient economy, we need to fix our immigration system so that immigrants willing to contribute to our economy can do so legally, including:
    •           ◦  69% of Democrats
    •           ◦  70% of independents
    •           ◦  64% of Republicans
  • •  A range of proposals including legal status/citizenship are popular across party lines. Bipartisan majorities support proposals that would grant expanded citizenship opportunities or permanent legal status to immigrants living in the United States:
    •           ◦  Two in three voters (67%) support increasing the annual number of H-2B visas, including:
      •                 78% of Democrats
      •                 65% of independents
      •                 54% of Republicans 
    •           ◦  Seven in ten voters (71%) support creating a path to citizenship for immigrants who currently qualify for Temporary Protected Status (TPS), including:
      •                 86% of Democrats
      •                 60% of independents
      •                 58% of Republicans
    • •  Voters do not think the government is taking enough action and that the immigration system is “broken” and “in crisis.”
      •           ◦  Three in four voters (76%) say Congress has not done enough on immigration
      •           ◦  Nearly nine in ten voters (87%) say bipartisan efforts to achieve immigration reform are more important than sticking to their respective parties’ political agendas.
    • Read the full survey memo HERE.
  • The Workforce & Immigration Initiative also launched a new, six-figure digital advertising campaign in D.C. and key states featuring an ad that notes contributions by immigrants “make our country and economy stronger.” The ad highlights the workforce shortage and calls on Congress and the administration to “secure our border, grow our economy and create opportunities for people to work legally in the United States” and “rebuild the American Dream.”

Watch the ad HERE.

About the Workforce & Immigration Initiative

The Workforce and Immigration Initiative is a project of Hospitality is Working, an affiliate of AHLA. The Initiative’s goal is to emphasize the economic and workforce imperative for Congress to enact bipartisan immigration reform to address our nation’s labor issues. We believe immigration solutions should prioritize growing our economy and workforce, developing a fair, efficient, and long-term immigration system and securing the U.S. border to encourage legal immigration.

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USVisaDelays.com Exposes Consequences of Excessive Visitor Visa Wait Times on Travelers, Business, U.S. Economy

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WASHINGTON (December 1, 2022)—U.S. Travel Association is bringing attention to the millions of travelers who seek to visit the United States but confront a de facto border closure in the way of 400-800 day wait times to receive a visa. Today, the association launches a new website, USVisaDelays.com, that will feature the voices of those most affected by excessive visitor visa interview wait times: global travelers and U.S. businesses.

“There are no better voices to tell the personal toll of America’s de facto border closure than the people, families and American businesses directly impacted by egregious visa wait times,” said U.S. Travel Association President and CEO Geoff Freeman. “The Biden administration must focus on what is in its control and take immediate action to lower wait times—we simply cannot afford to give travelers any reason to avoid visiting the United States.”

The website launches as wait times for U.S. visitor visas exceed an average of 400 days for the top 10 markets, and as wait times in key international markets such as Brazil, India and Mexico worsen. U.S. Travel estimates that the U.S. will lose nearly 7 million potential visitors and $12 billion in projected spending in 2023 due to excessive wait times. Recent information suggests the State Department has made progress in several visa categories, but not in the area of B-1 and B-2 visitor visas.

“Visitors in some of America’s most valuable markets are now waiting more than two years for an interview to visit the U.S.,” said Freeman. “That’s an unacceptable breakdown that the Biden administration must take immediate steps to correct.”

In addition to seeking real-life stories from potential visitors and businesses, the website also hosts fact sheets and data that detail U.S. economic losses due to excessive wait times, and highlights policy priorities to help alleviate the backlog and expedite processing in key source markets.

USVisaDelays.com is the latest activation in U.S. Travel’s ‘They Wait, We Lose’ campaign, which seeks to highlight the steep economic cost of delaying visitation from qualified international travelers. The launch of the English language website will be followed next week by custom websites in both Spanish and Portuguese.

The advocacy effort will feature across social media platforms using the hashtag #TheyWaitWeLose.

Please click here to visit the USVisaDelays.com website.

 

U.S. Travel Association is the national, non-profit organization representing all components of the travel industry. Travelers in the United States are estimated to spend $1.1 trillion in 2022 (still 10% below 2019 levels). U.S. Travel advocates for policies to accelerate an even recovery across the travel industry and restore economic and job growth for this essential contributor to our nation’s success. Visit ustravel.org for information and recovery-related data.

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AAHOA Commends G6 Hospitality’s Official Response and Feedback on its 12 Points of Fair Franchising

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ATLANTA, Ga., Nov. 30 – Leadership from G6 Hospitality LLC, which franchises 1,400 economy lodging locations under the Motel 6 and Studio 6 brands in the U.S. and Canada, recently responded to AAHOA with a summary of the organization’s best practices related to AAHOA’s 12 Points of Fair Franchising.

Since the launch of the revised AAHOA 12 Points of Fair Franchising in April, AAHOA leadership has been dutifully progressing its initiatives around fairness in franchising and communicating the benefits of AAHOA’s 12 Points as an educational resource for the benefit of both franchisees and franchisors.

“G6 Hospitality has been a long-time partner and supporter of AAHOA, and their willingness to engage with AAHOA regarding where they stand in relation to AAHOA’s 12 Points of Fair Franchising demonstrates G6 Hospitality’s commitment to transparency, collaboration, communication, and mutual respect,” said AAHOA Chairman Neal Patel. “AAHOA commends and celebrates G6 Hospitality’s willingness to communicate openly, which will ultimately help build a better hospitality franchise system and contribute to a better mutual understanding regarding its franchisor-franchisee relationships and agreements.”

In its AAHOA 12 Points analysis summary, G6 Hospitality breaks down each of AAHOA’s 12 Points and provides additional commentary and clarification around the brand’s practices related to the franchisor-franchisee relationship. G6 Hospitality also provides remarks regarding its long-term and fruitful relationship with AAHOA and its members.

“We value our relationship with AAHOA and are committed to open communication and collaboration to support both our owners and our industry,” said Rob Palleschi, CEO of G6 Hospitality.

Under Point 7, Maintaining and Building Relationships, G6 says it works closely with trade associations that represent owners’ interests, like AAHOA, to understand franchisee issues, and takes great pride in cultivating their relationships with all owners.

In its response, G6 Hospitality states, “G6 engages with its franchisees individually and through a representative owner’s council to ensure that franchisee voices are heard and considered. Many members of our Owners Advisory Council [OAC] are members of AAHOA… Further, G6 continually looks to update and improve its business model and seeks input and engagement from our franchise network.”

“I’m grateful for G6 Hospitality’s willingness to participate and strive for excellence regarding their fair franchising practices and to evaluate critical areas of the franchisor-franchisee relationship,” AAHOA President & CEO Laura Lee Blake said. “While we recognize and understand the complicated nature of franchise agreements, G6 Hospitality’s transparency and ongoing efforts to keep lines of communication open further underscore the importance of the effectiveness of open, two-way communication,” Blake said. “Their willingness to look inward and assess where they stand in relation to AAHOA’s 12 Points is something that should be applauded.”

Since its launch, AAHOA leadership has been meeting with brand leaders to have an open dialogue regarding the 12 Points, helping to facilitate better communication and understanding of the needs of both franchise owners and brands.

“G6 Hospitality’s recent submission of its comments and feedback are commended by AAHOA, which demonstrates G6’s Hospitality’s commitment to AAHOA Member franchisees, our quest for fairness in franchising, and, most importantly, it addresses many components of the 12 Points in an educational manner that will prove to be beneficial for AAHOA Members and other current and future franchisees,” Patel said.

ABOUT AAHOA
AAHOA is the largest hotel owners association in the nation, with Member-owned properties representing a significant part of the U.S. economy. AAHOA’s 20,000 members own 60% of the hotels in the United States and are responsible for 1.7% of the nation’s GDP. More than one million employees work at AAHOA member-owned hotels, earning $47 billion annually, and member-owned hotels support 4.2 million U.S. jobs across all sectors of the hospitality industry. AAHOA’s mission is to advance and protect the business interests of hotel owners through advocacy, industry leadership, professional development, member benefits, and community engagement.

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Motto by Hilton Makes International Debut with Openings in Mexico and the Netherlands

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Hilton’s urban lifestyle hotel brand showcases that it matters where you stay for guests looking to live like a local in premiere destinations around the globe

(MCLEAN, Va.) November 29, 2022 – Motto by Hilton marks a major milestone with its international debut in the Caribbean and Europe with the openings of Motto by Hilton Tulum and Motto by Hilton Rotterdam Blaak. Motto by Hilton is an urban, lifestyle hotel brand that offers guests the flexibility to create their own experiences and live like a local in some of the world’s most sought-after destinations.

“This is an exciting chapter for Motto by Hilton as it expands globally, underscoring the strength of the brand and its appeal to today’s travelers,” said Matt Schuyler, chief brand officer, Hilton. “We look forward to offering even more reliable and friendly travel experiences in these prime locales, and delivering truly local stays through flexible and modern design, the best of the neighborhood food and beverage offerings, and a local vibe that reflects the destination of each hotel.”

Locations ideal for urban explorers

The international expansion of Motto by Hilton provides even more options for travelers looking to experience some of the world’s most dynamic destinations through their hotel stay.

Motto by Hilton Tulum opens to guests inside the Hunab mixed-used lifestyle center, the first mall in the Mexican resort town anticipated to soon become a focal point for locals and travelers in Quintana Roo. With this premier location, guests at this 115-room lifestyle hotel are surrounded by a jungle with ancient ruins and pristine beaches and are placed within steps of restaurants, retail shops and nightlife.

Meanwhile, Motto by Hilton Rotterdam Blaak is located in an iconic preserved bank building that has undergone extensive refurbishment to create a welcoming and modern environment inspired by Rotterdam’s stunning architecture. The 108-room property is within walking distance of the Maritime Museum Rotterdam, Cube Houses and the striking Markthal, where visitors can shop, eat and drink at nearly 100 food stalls and restaurants.

Locally inspired, flexible design

Across the brand, Motto by Hilton offers travel-sized guest rooms with sleek, modern design that reflects the local destination. Each room is equipped with everything guests need for an enjoyable and restful night’s sleep, including top-notch mattresses, with sound-absorbing surroundings and smart technology for the ultimate in convenience.

Guests can fully customize each stay with flexible sleeping setups, including standard, Flex beds that stow into the wall, The Bunkie (bunk bed) and more. As the pioneer of Confirmed Connecting Rooms by Hilton technology, Motto by Hilton also simplifies coordinating travel for larger friend and family groups by offering a number of varying connecting room configurations to accommodate groups of all sizes. For instance, Motto by Hilton Rotterdam Blaak offers guests the ability to connect up to nine rooms, while Motto by Hilton Tulum offers up to five rooms connecting.

Local design also comes to life across these international properties in distinct ways.

Motto by Hilton Rotterdam Blaak’s design has retained features of its bank origins, including the original staircases and wooden paneling, ensuring guests feel the legacy of the building throughout their stay. Red, yellow and blue themes highlight the influence of iconic modernist art, which has long been synonymous with the city.

Meanwhile, Motto by Hilton Tulum features two rooftop infinity pools with private cabanas and jungle views that capture the essence of the Riviera Maya. It also boasts a fitness center with indoor and outdoor workout areas.

A gathering place in the neighborhood

A distinguishing feature of Motto by Hilton hotels is their versatile, open common space, Motto Commons. Serving as a neighborhood gathering space, Motto Commons provides a central place for guests and locals alike to grab a coffee, catch up on work or enjoy a cocktail before heading out to explore.

At Motto by Hilton Tulum, hotel team members known as Motto Hosts are available to specifically curate experiences for guests, such as a sunset rooftop dinner with a Mayan ceremony, a premium mezcal tasting at Ancestral, or a sustainable mobility E-scooter or E-bike for getting around town. Motto by Hilton Tulum also has partnered with the area’s two biggest beach clubs, Bagatelle and Vagalume, to provide guaranteed access and sunbed service for hotel guests.

At Motto by Hilton Rotterdam Blaak, the glass ceiling of Motto Commons is a center point where work and play converge. Located in the heart of the hotel, light bites, drinks and freshly brewed teas and coffees are available at the bar or in the Commons. For guests keen to see all Rotterdam has to offer, Grab & Go options are available for the explorer on the move.

Thoughtfully curated menus

Diners will find thoughtfully curated food and drink selections at Motto by Hilton Tulum. Guests can start the day at Bistro Coba with a regionally inspired menu and fresh-pressed beverage offerings, sample mixology and snacks at the rooftop pool bar, enjoy a modern twist on comfort food at the rooftop restaurant bar, and relax downstairs at the casual Coba Bar.

With a continuously evolving menu, minimal waste, and the best selection of fresh fish available daily, Pesca at Motto by Hilton Rotterdam Blaak constantly invents dishes to give guests a unique experience each time they dine at the restaurant.

Global growth

Motto by Hilton Tulum and Motto by Hilton Rotterdam Blaak join the brand’s open properties in the U.S., including Motto by Hilton New York City ChelseaMotto by Hilton Philadelphia Rittenhouse Square and Motto by Hilton Washington DC City Center. Motto continues to expand its portfolio of curated hotels in prime urban destinations around the world with more than 20 properties in the pipeline, including Cusco, Peru, as well as São Paulo Ibirapuera and Recife in Brazil.

Benefits of Hilton Honors

Motto by Hilton Tulum and Motto by Hilton Rotterdam Blaak are part of Hilton Honors®, the award-winning guest-loyalty program for Hilton’s 18 distinct hotel brands. Members who book directly have access to instant benefits, including a flexible payment slider that allows members to choose nearly any combination of Points and money to book a stay, an exclusive member discount, free standard Wi-Fi and the Hilton Honors mobile app.

 

About Motto by Hilton

Motto by Hilton is an urban, lifestyle hotel brand designed to help guests live like a local in prime locations globally. Motto by Hilton caters to travelers looking for one-of-a-kind experiences by bringing together the best elements of a lifestyle hotel – centrally located urban locations, modern design, the best of the neighborhood food and beverage, and a local vibe. Motto by Hilton delivers a flexible and innovative hospitality experience through elements like first-of-its-kind connecting rooms for group travel, vibrant communal spaces with access to check-in, and a coffee house and bar for work and social use by guests and locals alike. Check out Motto by Hilton in Washington D.C., Philadelphia and New York City by booking at mottobyhilton.com or through the industry-leading Hilton Honors app. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. Learn more about Motto by Hilton and its 20 additional properties under development at stories.hilton.com/motto, and follow the brand on Facebook and Instagram.

 

About Hilton

Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 18 world-class brands comprising more than 7,000 properties and more than 1.1 million rooms, in 123 countries and territories. Dedicated to fulfilling its founding vision to fill the earth with the light and warmth of hospitality, Hilton has welcomed more than 3 billion guests in its more than 100-year history, earned a top spot on Fortune’s 100 Best Companies to Work For list and been recognized as a global leader on the Dow Jones Sustainability Indices for five consecutive years. Hilton has introduced several industry-leading technology enhancements to improve the guest experience, including Digital Key Share, automated complimentary room upgrades and the ability to book confirmed connecting rooms. Through the award-winning guest loyalty program Hilton Honors, the nearly 146 million members who book directly with Hilton can earn Points for hotel stays and experiences money can’t buy. With the free Hilton Honors app, guests can book their stay, select their room, check in, unlock their door with a Digital Key and check out, all from their smartphone. Visit stories.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram and YouTube.

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TSA releases its 2023 explosives detection canine calendar

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WASHINGTON – The Transportation Security Administration (TSA) released its annual calendar today, which honors the agency’s more than 1,000 explosives detection canines working in the United States. TSA’s 2022 Cutest Canine Contest winner, Eebbers, is featured on the cover of the 2023 TSA Canine Calendar.

Eebbers, now retired, is an 11-year-old explosives detection canine who worked at Minneapolis-St. Paul International Airport. He was named in memory of 19-year-old U.S. Army Pvt. James Ebbers who passed away on Oct. 14, 2002, in Djibouti, Africa, while assigned to the 551st Military Police Company, Fort Campbell, Kentucky.

TSA uses canines as part of its multi-layered security operations nationwide. These highly skilled dogs are trained to detect the scent of explosives or explosive materials and are paired with handlers who use the working canine’s keen sense of smell when on duty throughout the nation’s transportation system.

Each canine recruit spends 16 weeks in training at the TSA Canine Training Center, located at Joint Base San Antonio-Lackland in San Antonio. The canines meet their handlers, socialize to adapt to busy transportation environments, and learn their craft of detecting a variety of explosive odors before reporting to their duty stations. TSA trains about 300 canines each year.

The 2023 TSA Canine Calendar features photos and fun facts about each of this year’s 13 canine winners who were selected from dozens of entries submitted by TSA canine teams from across the country. This year’s canine selections came from the following airports in order of appearance in the calendar:

  •       •  Dusan: Dallas/Fort Worth International Airport (DFW)
  •       •  Rossi: Indianapolis International Airport (IND)
  •       •  Tom-Magnum: John F. Kennedy International Airport (JFK)
  •       •  Shadow-Shaw: John Glenn Columbus International Airport (CMH)
  •       •  Djole: LaGuardia Airport (LGA)
  •       •  Loki: Louis Armstrong New Orleans International Airport (MSY)
  •       •  Szonja: Luis Muñoz Marín International Airport (SJU)
  •       •  EEbbers: Minneapolis−Saint Paul International Airport (MSP)
  •       •  Egyes-Abel: Raleigh-Durham International Airport (RDU)
  •       •  Messi: Ronald Reagan Washington National Airport (DCA)
  •       •  Ava: Ronald Reagan Washington National Airport (DCA)
  •       •  Tex-Teepe: San Antonio International Airport (SAT)
  •       •  Teo: Ted Stevens Anchorage International Airport (ANC)

Each canine and its handler serve as a reliable resource for detecting explosives as well as providing a visible deterrent to terrorism across all transportation modes. Once on duty, these canines work to safeguard passengers and cargo across the nation’s transportation systems. To find out more about what it is like to be an explosives detection canine handler, see our Explosives Detection Canine Handler video.

Visit TSA.gov for more information about TSA’s Explosives Detection Canine Program. The 2023 TSA Canine Calendar is now available for immediate download or for order through a special arrangement with the FedEx print office.

Transportation Security Administration was created to strengthen the security of the nation’s transportation systems and ensure the freedom of movement for people and commerce. TSA uses a risk-based strategy and works closely with transportation, law enforcement and intelligence communities to set the standard for excellence in transportation security.

For more information about TSA, please visit our website at tsa.gov.

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WORLDHOTELS™ COLLECTION PORTFOLIO GROWS WITH 13 NEW HOTELS WORLDWIDE

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PHOENIXNov. 29, 2022 /PRNewswire/ — WorldHotels™ Collection announced today the expansion of its hotel offerings in key travel destinations across North AmericaSouth America and Europe with 13 new properties. Highlights of these recent additions to the portfolio include the launch of the WorldHotels brand in Canada, the introduction of Crafted in Germany and a stunning new resort in Brazil.

“I am thrilled to announce the continued expansion of the growing WorldHotels brand,” said Ron Pohl, President of International Operations and President of WorldHotels, BWH Hotel Group. “The opportunities for our global brand are endless as international travel continues its resurgence – we are being thoughtful and considered in how we grow the brand, welcoming only the most unique and special hotels into our portfolio. I am proud to see our offerings for travelers expand around the world.”

The latest additions to the portfolio include:

  1. 1.   b’Mine Hotel, Frankfurt, Crafted Collection: The first Crafted hotel in Germany, this 12-story hotel in the Gateway Gardens at Frankfurt’s international airport is an extraordinary first-class experience that offers 241 rooms, 12 function rooms and a meeting area. The incredible hotel boasts rooms with CarLifts, which allow guests to park their cars directly outside their rooms whether on the first floor or the top floor of the hotel.
  2. 2.  The Collector Hotel, The Netherlands, Crafted Collection: This lifestyle boutique hotel is located in the center of The Hague on the Haagsche Bluf. It has given a new energy to The Hague’s hotel industry with its collective design approach, which was recognized with the prestigious Entrée Award 2021 for best hotel in the category “Best New Hotel 50-100 Rooms”.
  3. 3.  The Majestic Ponta Negra Beach Hotel, Brazil, Elite Collection: The second WorldHotels property in Brazil, this hotel perfectly combines the rich history of the city of Natal with current style and service. All rooms have guaranteed sea views, and the suites boast a balcony with stunning panoramic views of the sea and Morro do Careca. Hotel guests can enjoy “La Brasserie de La Mer”, the onsite French restaurant run by renowned and award-winning chef Erick Jacquin. Other amenities include a swimming pool, gym, game room lobby bar, and an onsite store for guests.
  4. 4.  The Inn at Mendenhall, Pennsylvania, Crafted Collection: This historic inn located in Chester County, Pennsylvania delivers an “Old World” sense of hospitality and charm. This historical property has long enjoyed an excellent reputation for serving the finest in food and refreshments, from hand-crafted cocktails to tantalizing menu selections inspired by Country French and New American cuisines.
  5. 5.  Prestige Oceanfront Resort Sooke, British Columbia, Luxury Collection: This full-service, oceanfront resort in the seaside community of Sooke offers two onsite dining experiences and a seasonal cafe, an athletic club with ocean views, wellness spa, indoor pool and hot tub, licensed fire tables with ocean views, and indoor and outdoor convention, banquet and meeting facilities, with full catering services.
  6. 6.  Prestige Harbourfront Resort Salmon Arm, British Columbia, Luxury Collection: Located on the banks of a nature estuary with unobstructed views of Shuswap Lake and Bastion Mountains, the Prestige Harbourfront Resort Salmon Arm offers an upscale, yet comfortable experience. Located just blocks from downtown’s shopping and dining offerings, the resort features 120 guest rooms, many with lake views and private balconies. The resort has two outstanding dining options, meeting and convention space, and resort amenities such as an indoor and outdoor pool, outdoor hot tub, onsite spa and salon, arcade and athletic club.
  7. 7.  Prestige Treasure Cove Resort Prince George, British Columbia, Elite Collection: With a local flair and first-class service, the Prestige Treasure Cove Resort Prince George offers guests a unique experience with all the desired amenities, including several onsite restaurants, casino, billiards room, swimming pool, waterslide and hot tub. Business travelers will appreciate the business center, fitness area, and meeting spaces. Centrally located just minutes from pristine forests and lakes, and outdoor activities such as fishing, hiking, and golf, this resort offers visitors a memorable experience in one of the world’s finest locations.
  8. 8.  Prestige Lakeside Resort Nelson, British Columbia, Elite Collection: With its scenic waterfront location, the Prestige Lakeside Resort Nelson offers guests the opportunity to relax in the resort’s greenspace and enjoy the view of the Kootenay lake and Selkirk mountains. Onsite dining options include a restaurant and lounge as well as a café, and the resort offers outstanding amenities including an indoor swimming pool, fitness center, meeting and event space and a full menu of services at the relaxing Mountain Waters Spa, along with a marina and water activities near the hotel.
  9. 9.  Prestige Beach House Kelowna, British Columbia, Crafted Collection: Situated directly across from Kelowna’s famous Hot Sands Beach and just two blocks from the main downtown hub, the Prestige Beach House Kelowna is an ideal hotel for both leisure and business needs. With a swimming pool and hot tub, fitness center, restaurant and several meeting spaces, the property captures the spirit of Kelowna.
  10. 10.  Prestige Radium Hot Springs Resort, British Columbia, Crafted Collection: Sitting just minutes from the world-famous hot springs pools in the beautiful village of Radium Hot Springs, the Prestige Radium Hot Springs Resort offers the most breathtaking mountain views, making it an ideal choice for any getaway, extended vacation or business trip. Perfect for those interested in exploring the area golf courses, wildlife and outdoor activities, the hotel’s amenities include an indoor pool and hot tub, fitness room, restaurant, lounge and meeting and banquet facilities.
  11. 11.  Prestige Cranbrook Rocky Mountain Resort, British Columbia, Crafted Collection: With two vintage rail cars converted into designer luxury suites, this Crafted hotel appeals to guests who crave creativity and ingenuity. The Prestige Cranbrook Rocky Mountain Resort features two exceptional restaurants, as well as an onsite salon, spa, indoor swimming pool, hot tub and athletic center, and meeting and event space to accommodate up to 500 people.
  12. 12.  Prestige Kamloops Hotel, British Columbia, Crafted Collection: This fully renovated hotel is considered one of the best hotels in Kamloops and provides easy access to all the attractions and amenities that this lively city has to offer. Amenities include a swimming pool, waterslide, hot tub, fitness center, meeting space and a brand-new restaurant. Whether guests enjoy shopping, skiing at Sun Peaks Resort, or outdoor pursuits like golf, hiking, Nordic skiing and snowshoeing, the Prestige Kamloops Hotel provides seamless, expert service.
  13. 13.  Prestige Mountain Resort Rossland, British Columbia, Crafted Collection: Nestled between the Monashee and Selkirk Mountain ranges of beautiful British Columbia, Rossland is the perfect destination for the outdoor enthusiast, and the Prestige Mountain Resort Rossland offers everything guests need to enjoy this unique location. Guests can relax in the hot tub, be entertained in the arcade and dine in the onsite restaurant and lounge, including a patio with lovely valley views, and have easy access to the areas golfing, skiing, hiking, mountain biking and fishing destinations. The resort also offers meeting spaces and secure bike and ski storage lockers.

With these new hotels onboarded, WorldHotels has now added close to 30 hotels to its portfolio in Europe, Asia and the Americas in the last year. With a portfolio of stunning hotels across the globe, WorldHotels is positioned for continued growth, providing unique offerings and experiences to travelers and developers worldwide.

All hoteliers that have recently joined WorldHotels benefit from the brand’s reputation for providing superior guest service, and gain access to the award-winning WorldHotels RewardsSM (WHR) program, which boasts nearly 50 million members worldwide. From December 5, 2022, to February 5, 2023, all WHR members will have the opportunity to earn up to 20,000 bonus points with four separate stays at any participating WorldHotels property.

For more information on WorldHotels, please visit: worldhotels.com

About WorldHotels Collection:

WorldHotels™ Collection is a privately held hotel soft brand within the BWH Hotel Group® global network. Founded by independent hoteliers dedicated to the art of hospitality, and celebrating its 50th year anniversary in 2021, WorldHotels offers one of the finest portfolios of independent hotels and resorts around the globe, expertly curated to inspire unique, life enriching experiences that connect people and places. WorldHotels is comprised of four unique collections, each with its own personality and style to appeal to the needs of today’s traveler. The collections include: WorldHotels Luxury, WorldHotels Elite, WorldHotels Distinctive and WorldHotels Crafted. For more information visit WorldHotels.com.

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Hyatt Continues Asset-Light Growth Strategy with Plans to Acquire Dream Hotel Group

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Acquisition to expand Hyatt’s unique lifestyle hotel offerings with a quickly growing brand portfolio focused on vibrant dining and nightlife experiences

CHICAGO (November 29, 2022) – Hyatt Hotel Corporation (NYSE: H) and Dream Hotel Group announced an agreement for a Hyatt affiliate to acquire Dream Hotel Group’s lifestyle hotel brand and management platform including the Dream HotelsThe Chatwal Hotels and Unscripted Hotels brands, with properties in some of the world’s most prominent hotel markets across the Americas, Europe and Asia.

This asset-light acquisition will include a portfolio of 12 managed or franchised lifestyle hotels, with another 24 signed long-term management agreements for hotels expected to open in the future. Upon closing, this expansion will add over 1,700 rooms to Hyatt’s lifestyle portfolio and increase Hyatt’s room count in New York City by more than 30%. This acquisition continues Hyatt’s asset-light growth strategy following its transactions to acquire Two Roads Hospitality in 2018 and Apple Leisure Group in 2021 – and, most recently, Hyatt’s collaboration agreement with German Lindner Hotels AG, to further grow Hyatt’s brand footprint in Europe.

Upon closing, Hyatt will pay a base purchase price of $125 million, with up to an additional $175 million over the next six years as properties come into the pipeline and open. Stabilized management fees associated with the base purchase price of $125 million are anticipated to be approximately $12 million and, to the extent the contingent purchase price of $175 million is paid, additional stabilized management fees are anticipated to be up to approximately $27 million. The total base purchase price plus the contingent purchase price represents an attractive acquisition multiple in the high-single digits on projected stabilized earnings.

Dream Hotel Group properties are known for their vibrant dining and nightlife experiences including hotspot restaurants, lavish entertainment venues and exclusive night clubs built on strategic collaborations with innovative and award-winning industry leaders. The acquisition will extend Hyatt’s brand footprint in key markets, including Nashville, Hollywood, South Beach, Durham, several locations in New York City and one in the Catskills. Signed contracts represent additional strategic destinations including Las Vegas, Saint Lucia and Doha.

“We have tremendous respect for what Dream Hotel Group founder Sant Singh Chatwal and Chief Executive Officer Jay Stein and their team have created and are grateful for the trust being placed in us by Dream Hotel Group to care for their brands and carry their success forward into the future,” said Mark Hoplamazian, president and chief executive officer, Hyatt. “We look forward to continuing our growth journey with more than 600 new Hyatt family members who will further elevate our lifestyle expertise and expand the success of our dedicated lifestyle division. We are excited to offer even more inspiring experiences and celebratory programming to our guests and loyalty members and bring the value of the Hyatt network to a growing number of discerning hotel owners and developers around the world.”

“Hyatt has a proven track record of preserving what makes lifestyle hotels special and is the ideal new home for our growing Dream Hotel Group brands,” said Sant Singh Chatwal, chairman and founder, Dream Hotel Group. “As an owner of Dream Hotel Group properties, I look forward to the next part of our journey and am confident there is a bright future ahead for our hotels, owners, guests and team members as part of the Hyatt family.”

The transaction is anticipated to close in the coming months, subject to customary closing conditions. Following completion of the transaction, Hyatt will work to welcome the new properties into the World of Hyatt loyalty program, bringing more stay occasions and destinations to its member base. World of Hyatt members are some of the most valuable travelers in the industry who spend more and stay more, generating high-quality revenue for the owners of Dream Hotel Group properties.

Dream Hotel Group founder Sant Singh Chatwal will continue his commitment as an owner of four open and two future hotels that are expected to join the Hyatt portfolio. Dream Hotel Group CEO Jay Stein will join Hyatt as Head of Dream Hotels to guide the integration of the Dream Hotel Group brands into the Hyatt portfolio, ensuring the unique DNA of each brand is preserved while leveraging Hyatt’s capabilities to optimize property performance. Additionally, Dream Hotel Group’s Chief Development Officer David Kuperberg will join Hyatt as Head of Development – Dream Hotels; Chief Operating Officer Michael Lindenbaum will join Hyatt as Global Head of Operations – Dream Hotels.

In connection with the transaction, Moelis & Company LLC served as financial advisor to Hyatt and Latham & Watkins LLP acted as its legal advisor.

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates.

About Hyatt Hotels Corporation
Hyatt Hotels Corporation, headquartered in Chicago, is a leading global hospitality company guided by its purpose – to care for people so they can be their best. As of September 30, 2022, the Company’s portfolio included more than 1,200 hotels and all-inclusive properties in 72 countries across six continents. The Company’s offering includes brands in the Timeless Collection, including Park Hyatt®, Grand Hyatt®, Hyatt Regency®, Hyatt®, Hyatt Residence Club®Hyatt Place®, Hyatt House®, and UrCove; the Boundless Collection, including Miraval®Alila®Andaz®Thompson Hotels®Hyatt Centric®, and Caption by Hyatt; the Independent Collection, including The Unbound Collection by Hyatt®Destination by Hyatt™, and JdV by Hyatt™; and the Inclusive Collection, including Hyatt Ziva®Hyatt Zilara®Zoëtry® Wellness & Spa ResortsSecrets® Resorts & SpasBreathless Resorts & Spas®Dreams® Resorts & SpasVivid Hotels & Resorts®Alua Hotels & Resorts®, and Sunscape® Resorts & Spas. Subsidiaries of the Company operate the World of Hyatt® loyalty program, ALG Vacations®, Unlimited Vacation Club®, Amstar DMC destination management services, and Trisept Solutions® technology services. For more information, please visit www.hyatt.com.

About Dream Hotel Group
Dream Hotel Group is a hotel brand and management company with a rich, 35-year history of managing properties in some of the world’s most highly competitive hotel environments, including New York, Los Angeles, Miami, Bangkok and most recently Nashville. Home to its Dream Hotels, Unscripted Hotels, The Chatwal and new By Dream Hotel Group brands, Dream Hotel Group encompasses three business lines: Proprietary Brands, Hotel Management, and Dining & Nightlife. The company is committed to the philosophy that forward-thinking design, service and guest experiences should be available across all market segments. Dream Hotel Group is dedicated to offering travelers an authentic connection to their chosen destination through a truly original approach. For more information on Dream Hotel Group and its brands, visit www.DreamHotelGroup.com and follow @dreamhotelgroup on Twitter and LinkedIn.

 

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