Aimbridge Hospitality Adds Trio of Extended Stay Hotels to Growing Three Wall Capital Portfolio

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Industry leader continues long-standing partnership with hotel investment group

PLANO, Texas, August 8, 2022 — Aimbridge Hospitality, a leading global hospitality company, ​​announced the addition of three extended stay properties recently acquired by Three Wall Capital, LLC (“TWC”) to its expansive portfolio. Located along well-traveled routes near Minneapolis and St. Louis, the properties bring 277 keys under Aimbridge management, which is dedicated to providing unparalleled guest experiences and services to its owners.

Aimbridge and Three Wall Capital first established a partnership in 2019, and today Aimbridge is responsible for the management of more than 65 extended stay, select service, and full-service properties owned by TWC. Three Wall Capital plans to acquire and develop another 35 midscale and upscale extended stay hotels over the next 18 to 24 months.

“It is critical for us to have the right partners for our owned properties, and Aimbridge has the right people, management approach, and resources to bring value to our hotels,” said Alan Kanders of Three Wall Capital.

“We are dedicated to providing both efficient and effective experiences for our owners and positioning our hotels, including these three recently added properties, for continued success,” said Simon Mendy, Divisional President, Aimbridge Select Service. “Our partnership with Three Wall Capital is a cornerstone of our select service division, and it’s our pleasure to work with their exceptional team throughout this process.”

The properties are:

  • •  Staybridge Suites Eagan Airport (89 Rooms), located at 4675 Rahncliff Rd. Eagan, MN 55122
  • •  Extended Stay America St. Louis Fenton (94 Keys), located at 1662 Fenton Business Park Ct. Fenton, MO 63026
  • •  Candlewood Suites St. Louis St. Charles (94 Keys), located at 1800 Zumbehl Rd. Saint Charles, MO 63303

About Three Wall Capital

Three Wall Capital, LLC is a New York City based investment group focused on investing in hospitality real estate. Founded in 2008 by Alan Kanders, TWC has invested over $1.5 billion in the hospitality sector including acquisition, new construction, redevelopment, and recapitalization opportunities across all hotel asset classes from 5-star luxury to extended stay.

TWC’s current primary strategy is to acquire extended stay hotels in secondary and tertiary markets. TWC’s current portfolio encompasses 71 hotels of which 64 are extended stay properties affiliated with the Extended Stay America, Candlewood Suites, Staybridge Suites, Residence Inn by Marriott, TownePlace Suites by Marriott, Homewood Suites by Hilton, and Home2 Suites by Hilton. To learn more, visit www.threewallcapital.com.

About Aimbridge Hospitality

Aimbridge Hospitality is a leading, global hospitality company with a growing hotel portfolio representing more than 1,500 properties in 50 states and 23 countries, inclusive of pipeline. As a top hotel management company and trusted operator of over 80 lodging brands and distinctive luxury and lifestyle assets, Aimbridge leverages its scale and operational excellence to consistently deliver results for hotel owners and offer unparalleled opportunities for associates around the globe. Aimbridge adds value through focused, expertise-driven operating divisions in Full Service, Evolution Lifestyle, Enhanced Select Service, and Select Service, optimizing owners’ investment returns and driving hotel market success. The Aimbridge EMEA Division has supporting offices across Europe in Amsterdam, Birmingham, and Glasgow. The Aimbridge LatAm Division has offices in Monterrey and Mexico City. Aimbridge Hospitality’s global headquarters is based in Plano, Texas. To learn more, visit www.aimbridgehospitality.com. Connect with Aimbridge on LinkedIn.

 

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IDeaS Announces Hyatt Will Deploy IDeaS’ Platform Across Global Portfolio

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Hyatt will utilize the powerful IDeaS product suite to provide next-generation commercial capabilities

MINNEAPOLIS —Aug. 11, 2022— IDeaS, the leading provider of hospitality revenue optimization software and services, announced today a global collaboration with Hyatt to power Hyatt’s commercial revenue platform. Hyatt will deploy IDeaS’ suite of products globally as a key component in the evolution of its commercial stack.

A leading hospitality company with more than 1,150 hotels globally, Hyatt will leverage the breadth of IDeaS’ suite of products to embark on a journey towards profit optimization, developing strategic workflows and modular-based personas to drive best-in-class adoption across their global portfolio.

Key features include:

Best-in-class modularity and flexibility — IDeaS’ industry-leading technology and service approach will enable Hyatt to support the complex needs of its hotel portfolio and ownership types. The platform factors in the unique qualities and differences of each property to operationalize across the brand.

Automation equals profit — This data-driven approach will empower Hyatt to strategically drive performance and profit across its vast portfolio by focusing on AI-driven opportunities in today’s increasingly complex travel landscape.

Organizational growth empowered by innovation — IDeaS’ history of innovation delivers against Hyatt’s need for next-level organizational empowerment, leveraging capabilities such as guest, group, and events space profit optimization, streamlined financial forecasting capabilities, and powerful enterprise BI solutions.

Drive collaboration across commercial teams — Dedicated training and enablement efforts will ensure that colleagues at each property engage in the set-up and configuration process unique to their business needs, a process that is critical to the success of the system.

Michael Klein, vice president of global revenue management, Hyatt, said: “At Hyatt, we offer the benefits of a global network yet remain nimble enough to create true personal connections. Collaborating with a known innovator and disruptor in the revenue management space like IDeaS alongside Hyatt’s unique vision for innovative capabilities can create a differentiating value proposition for Hyatt owners and operators and make it easier for property colleagues to focus on what they do best – care for guests and customers.”

Sanjay Nagalia, co-founder and chief operating officer, IDeaS, said: “We are excited to be a part of the transformation of Hyatt’s commercial revenue platform at a moment of unparalleled opportunity. As the recovery in travel broadens and new toolsets emerge, we are pleased to bring IDeaS’ market-leading automation, pricing approach, and a singular focus on holistic, profit optimization to Hyatt’s portfolio of properties.”

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one or more of its affiliates. For more information, please visit www.hyatt.com.

About IDeaS

IDeaS, a SAS company, is the world’s leading provider of commercial and revenue management software and services. With over 30 years of expertise, IDeaS delivers revenue science to more than 18,000 clients in 145 countries. Combining industry knowledge with innovative, data-analytics technology, IDeaS creates sophisticated yet simple ways to empower revenue leaders with precise, automated decisions they can trust. Results delivered. Revenue transformed. Discover greater profitability at ideas.com.

 

 

 

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Star Trek’s Brannon Braga Loves Earth Travel Too

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Brannon Braga is a producer, director and screenwriter best known for his work in the Star Trek franchise. Most recently, he wrote and directed THE END IS NYE, which airs later this month on PEACOCK. Brannon is also an Executive Producer on THE ORVILLE which is now airing on Disney+.

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Mohegan’s Global Takeover

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Ray Pineault, CEO at Mohegan Gaming & Entertainment, shares how the company is growing it’s casino resorts across the nation and world, their partnership sports betting company Fanduel, gaming trends and much more. They have properties in CT, PA, Niagara Falls, WA, Las Vegas and Korea coming soon!

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FNA 67: The Gang Goes Phishin’

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Choice Hotels International Completes Acquisition of Radisson Hotels Americas

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ROCKVILLE, Md.Aug. 11, 2022 — Choice Hotels International, Inc. (NYSE: CHH) today announced that it has completed the acquisition of the franchise business, operations and intellectual property of Radisson Hotels Americas for approximately $675 million from Radisson Hotel Group, inclusive of the real estate value of three owned hotels.

With the close of this transaction, Choice Hotels International has added approximately 67,000 rooms, expanding its presence in the higher revenue upper upscale and upscale full-service segments, and bolstering its core upper-midscale hospitality segment, particularly in the West Coast and Midwest of the United States.

Radisson Hotels Americas comprises the Radisson franchise agreements, operations and intellectual property in the United StatesCanadaLatin America and the Caribbean. The transaction adds nine brands, including Radisson Blu, Radisson, Radisson Individuals, Park Plaza, Radisson RED, Country Inn & Suites by Radisson, Park Inn by Radisson, Radisson Inn & Suites and Radisson Collection. Choice Hotels will independently own and control the brands in the Americas and looks forward to working with Radisson Hotel Group to drive the growth, continuity and success of these global brands. The close of this transaction is not anticipated to change Choice Hotels’ current capital allocation strategy related to dividend payment policy and planned share repurchases.

Credit Suisse Securities (USA) LLC served as financial advisor to Choice Hotels International on the transaction, and Willkie Farr & Gallagher LLP served as legal advisor. Baker McKenzie served as legal advisor to Radisson Hotel Group.

About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. On August 11, 2022, Choice acquired Radisson Hotels Americas, adding nine brands and approximately 67,000 rooms in the United StatesCanadaLatin America and the Caribbean to its portfolio. With 22 brands, Choice Hotels has more than 7,500 hotels, and nearly 650,000 rooms, in 46 countries and territories as of August 11, 2022. The Choice® family of hotel brands provide business and leisure travelers with a broad range of high-quality lodging options from limited service to full-service hotels in the upper upscale, upper mid-scale, midscale, extended-stay and economy segments. The award-winning Choice Privileges® loyalty program offers members a faster way to rewards, with personalized benefits starting on day one. For more information, visit www.choicehotels.com.

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CARVER ROAD HOSPITALITY TO DEBUT FLANKER KITCHEN + SPORTS BAR AT MANDALAY BAY RESORT AND CASINO IN SUMMER 2023

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Hospitality leader to bring next-gen destination to eat, drink and cheer on The Strip

LAS VEGAS (Aug. 10, 2022) – Following a successful launch in Salt Lake City, Carver Road Hospitality is bringing its Flanker food and beverage concept to the Las Vegas Strip with the Summer 2023 debut of Flanker Kitchen + Sports Bar at Mandalay Bay Resort and Casino. Located at the entrance to The Shoppes at Mandalay Place just steps from the walkway to Allegiant Stadium, the home of the Las Vegas Raiders, Flanker Kitchen + Sports Bar combines Carver Road’s premier dining and drinking offerings in a highly-curated environment.

“As the sports scene in Las Vegas has evolved with professional teams coming to town, sports bar and grill concepts have also evolved,” said Carver Road Hospitality Co-Founder and Chief Executive Officer Sean Christie. “Flanker Kitchen + Sports Bar will strive to become the next generation leader by delivering an approachable premium dining, drinking, and sports viewing experience.”

Flanker’s extensive menu of elevated American fare features scratch burgers, sliders and shareable tacos, among other handheld favorites. A healthy selection of salads and bowls and weekend brunch items round out the offerings. Food items can be paired with an expansive selection of draft and bottled beer. A full beverage program is being created by award-winning mixologist Francesco Lafranconi, Carver Road’s vice president of beverage and hospitality culture.

The “Flanker To Go” walk-up window will serve grab-and-go fare and bevvies for sports fans making their way to and from Allegiant Stadium.

Brought to life by award-winning international design studio DesignAgency, Flanker’s five distinct dining areas include a 102-seat main dining room, 66-seat sports bar and lounge, 56-seat private dining room — which can be configured as one, two, or three private spaces, 19-seat hidden private karaoke/game day viewing and dining suite, and 24-seat patio. The design includes pops of color, textures, and unique sports memorabilia elements, bringing each guest into an immersive experience that unites with premier AV and sound elements throughout the space.

Carver Road’s debut Flanker concept, Flanker Kitchen + Sporting Club, opened to acclaim in Salt Lake City’s downtown cultural district The Gateway in December 2021.

For updates and to follow Flanker Kitchen + Sports Bar, visit linktr.ee/flankerlv.

About Carver Road Hospitality

Carver Road Hospitality is an investor, developer, operator, and marketer of premier hospitality concepts. Founded by award-winning hospitality executive Sean Christie and real estate, media, and marketing executive Nelson Famadas, Carver Road Hospitality opened Flanker Kitchen + Sporting Club in Salt Lake City and Carversteak at Resorts World Las Vegas in December 2021. Rosevale Restaurant + Cocktail Room and Starchild rooftop lounge debut at the new CIVILIAN hotel in New York City’s Hell’s Kitchen neighborhood in Fall 2022. The company is headquartered in Las Vegas with offices in Miami and New York City. For additional company information, visit linktr.ee/carverroadhospitality.

About Mandalay Bay Resort and Casino

Mandalay Bay Resort and Casino is set on 120 lush acres featuring Mandalay Bay Beach, a tropical pool paradise with real sand. The Michelob ULTRA Arena, award-winning restaurants, exhilarating entertainment, unique shopping, Shark Reef Aquarium and the 2-million-square-foot convention center combine to make Mandalay Bay a captivating Las Vegas resort destination. The resort offers three distinct hotel experiences: Mandalay Bay with 3,211 luxurious rooms and suites reflecting a modern tropical ambiance; Four Seasons Hotel, a AAA Five Diamond hotel offering 424 rooms and suites; and the luxury all-suite Delano Las Vegas. Mandalay Bay is operated by MGM Resorts International (NYSE: MGM). For more information and reservations, visit mandalaybay.com, call toll free at (877) 632-7800, or find us on InstagramFacebook and Twitter.

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DAVIDSON HOSPITALITY GROUP SELECTED TO MANAGE ROYAL PARK HOTEL

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Fairwood Capital Taps Pivot to Operate Upscale Boutique Hotel in Rochester, Michigan

ATLANTAAug. 10, 2022 /PRNewswire/ — Davidson Hospitality Group has been selected by Fairwood Capital to manage Royal Park Hotel in Rochester, Michigan under its lifestyle operating vertical, Pivot. Situated 30 miles north of Detroit on the banks of the Paint Creek River, the 143-room, AAA-Four Diamond property features an architecture that is reminiscent of an English manor house surrounded by a lush, verdant landscape. This marks Davidson’s third hotel in the state of Michigan.

“As Midwest enthusiasts, we are genuinely proud to add this extraordinary lifestyle hotel to our growing portfolio,” said Davidson Hospitality Group Chief Executive Officer & President Thom Geshay. “Through exceptional service delivery, revenue generation, integrated marketing and fiscal responsibility, our Pivot team is uniquely positioned to optimize returns and create value for our partners at Fairwood Capital.”

“Based on our longstanding relationship with Davidson and the company’s outstanding performance at Hyatt Regency Monterey Hotel and Spa and the Little Rock Marriott, we remain confident that the team will bring the same disciplined approach, financial acumen and ownership mentality to this unique asset,” said Todd Solmson, Co-Managing Partner, Fairwood Capital.

Royal Park Hotel offers a variety of activities including bicycle rentals, fly-fishing, firepit, and more. The signature restaurant, PARK 600, features European flavors with an authentic, local twist. Downtown Rochester, just a few blocks away, is home to more than 350 shops, restaurants, and professional service businesses.

About Davidson Hospitality Group

Davidson Hospitality Group is an award-winning, full-service hospitality management company comprised of 80 existing hotels and resorts; more than 195 restaurants, bars and lounges; and more than 1.5 million square feet of meeting space across the United States. A trusted partner and preferred operator for Marriott, Hilton, Hyatt, Kimpton, and Margaritaville, Davidson offers a unique entrepreneurial management style and owners’ mentality that provides the individualized personal service of a small company, enhanced by the breadth and depth of skill and experience of a larger company. In keeping with the company’s heritage of delivering value, Davidson Hospitality Group is comprised of four highly specialized operating verticals: Davidson Hotels, Pivot, Davidson Resorts and Davidson Restaurant Group. For more information, visit www.davidsonhospitality.com. Follow us on Instagram: @davidsonhospitality and Twitter: @DavidsonHospGrp. Like us on Facebook: @DavidsonHospitalityGroup. Connect with us on LinkedIn: @DavidsonHospitalityGroup. #DavidsonHospitality

About Fairwood Capital, LLC

Fairwood Capital is a private real estate investment firm founded in 2008 that focuses on value creation opportunities in the hospitality sector. The firm’s mission is to generate attractive risk adjusted returns by employing a fundamental, value-oriented approach to acquiring properties with a substantial margin of safety in which we can enhance their value while maintaining a diligent focus on capital preservation.

SOURCE Davidson Hospitality Group

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Nobu Hospitality Expands its Footprint in Asia Pacific

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Nobu Hotel, Restaurant, and Residences to Launch in Danang, Vietnam

NEW YORKAug. 9, 2022 /PRNewswire/ — Today, in partnership with Viet Capital Real Estate (VCRE) and Phoenix Holdings, leading luxury lifestyle and iconic hotel and dining brand, Nobu Hospitality, announces the first Nobu Hotel, Restaurant, and Residences in Vietnam whilst both groups explore further development within Vietnam.

Crafted as a luxury beachfront urban resort, the Nobu Danang destination will provide a vibrant lifestyle situated in the heart and beachfront of Danang. Guests will find elegantly designed interwoven spaces, realigning the traditional beach hotel with a destination urban resort embracing the needs and desires of guests whether there for vacation, entertainment, or business.

Phoenix Holdings is the family investment office and parent organization which manages an array of thriving enterprises, including Viet Capital Real Estate, Viet Capital Bank, Viet Capital Asset Management, Viet Capital Securities (listed HOSE: VCI), and many other prominent investment projects. The Chairman of Phoenix Holdings, Henry Nguyen, is the Vice Chairman and Founding Owner of Los Angeles Football Club (LAFC) in Major League Soccer and is the CEO of Timo Digital Bank.

Danang is a beach city on the South-Central Coast of Vietnam, flanked by the beautiful Pacific sea waters to the east and the Annamite Mountain range to the west, known for its sandy beaches and history as a French colonial port.  The city is near several UNESCO sites including the Imperial City of Hue, the Old Town of Hoi An, and the My Son ruins.

Situated along Danang’s legendary My Khe beachfront on Vo Nguyen Giap Street, Nobu is set to command the city’s skyline with an iconic 43-story tower, the tallest building in the city, and will offer a world-class dining and entertainment destination with some of the most spectacular views anywhere in the region.  The hotel will also offer 200 guest rooms, including 18 luxurious suites, expansive meeting and event space ideally suited for weddings and important social events, and a state-of-the-art wellness and fitness facility.  In addition, there will be 271 stylish residential units offering one-, two-, and three-bedroom configurations as well as two spectacular, skyline penthouse units, adding to Nobu Hospitality’s growing portfolio of private residences.

The Nobu destination will uniquely combine modern, forward-thinking design touches, Nobu’s signature elegance and minimalism and the traditions of Japanese design.  Situated below the hotel and residences, the Danang City Centre podium will offer high-end retail shopping, an upscale Chinese restaurant, a modern Vietnamese fine-dining restaurant, and an American steakhouse.  A cocktail bar and lounge will be positioned on the rooftop of the building, offering stunning views for sunset drinks and after-hours entertainment in Danang.

Trevor Horwell, Chief Executive Officer Nobu Hospitality says, “We are excited to further expand into the Asia Pacific region and bring Nobu to the Vietnam market, a rapidly growing tourist destination, with one of the most beautiful and desirable locations in Danang. Our partners at VCRE are passionate supporters of the Nobu brand and share our commitment in growing Nobu Hospitality in other destinations in Vietnam.  We are confident that the Nobu brand will attract visitors both locally and from around the world to stay and become residents of Nobu Danang which will be crafted as dynamic urban resort.”

Vo Thanh Lam, Chief Executive Officer of Viet Capital Real Estate, adds, “We are extremely excited to be partners with Nobu Hospitality in Vietnam.  With the first Nobu project in Danang, we are proud to bring a whole new level of world-renowned fine dining and luxury lifestyle experiences to the Vietnam market.  Danang is one of the most attractive destinations for tourism in both the domestic and global markets.  As the tourist and economic center of Central Vietnam, this city will continue its rapid ascent and growth, and Nobu will be another important destination that will bring more interest and visitors to Danang.  Nobu Hospitality’s unique approach and lifestyle will continue to elevate the service and experience that the most discerning travelers demand today. The Nobu project in Danang will be one of the most unique and luxurious destinations in Vietnam.”

www.nobuhotels.com

www.vcre.com.vn

SOURCE NOBU HOSPITALITY

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Clarion Pointe Opens 50th Hotel As Expansion Continues Around the Country

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Demand for midscale brand featuring affordable, elevated essentials grows

ROCKVILLE, Md., Aug. 9, 2022 /PRNewswire/ — Successfully building on efforts to bring its  elevated, cost effective essentials to new markets nationwide, Clarion Pointe, a midscale select-service brand extension franchised by Choice Hotels International, Inc. (NYSE: CHH), celebrated the milestone opening of the brand’s 50th hotel this summer.

The latest development milestone comes on the heels of several recent openings, including in the markets of Abingdon, Virginia; Greensboro, North Carolina; and Indianapolis, Indiana. In addition, interest in the brand remains strong; in the first half of this year, Clarion Pointe awarded contracts are up nearly +20 percent over last year.

“Clarion Pointe was uniquely designed to help owners create an affordable travel experience for today’s guests,” said Kristen Salotti, senior director, foundation brands, Choice Hotels. “Just three years after opening the first Clarion Pointe hotel, this milestone is a testament to Choice Hotels’ commitment to the continued success of Clarion Pointe owners.”

Soon, Clarion Pointe will build on its ongoing expansion with additional franchise openings in markets such as Baltimore, Maryland; Durham, North Carolina; and Tampa, Florida.

“Today’s growth-minded owners want flexibility and resources in the brands they operate, and Clarion Pointe delivers this and more with a streamlined conversion process and unmatched industry support from the Choice Hotels team. It’s why in such a short timeframe since its launch, Clarion Pointe hasn’t just successfully expanded its affordable, modern accommodations to more of guests’ favorite markets nationwide, but it has also cemented its reputation within the development community as one of the leading conversion opportunities in the midscale segment,” said Tom Nee, senior vice president, franchise development, Choice Hotels.

Like all Clarion Pointe hotels, the newest properties allow travelers to optimize their stay with “focal pointes,” including:

–   Contemporary design touches that guests will want to share with friends, such as signature murals in the lobby and guest rooms inspired by local points of interest.
–   Thoughtful food and beverage selections, starting with a complimentary breakfast and coffee, all the way through craft beer, select wine and small bites available for purchase in the marketplace.
–   Technology with on-demand connectivity to work or chill out, including 49-inch TVs with casting capabilities and free, streaming-strength Wi-Fi.
–   Dedicated workout space featuring all the modern essentials, like cardio equipment and a strength-training station, to stay fit to the core.

“Guests love the elevated essentials and contemporary design, along with the extras like area-inspired murals that surprise and delight travelers when they stay at Clarion Pointe. In the highly competitive midscale market, these “focal pointes,” coupled with Choice’s industry-leading tools and resources, are a true differentiator when it comes to positioning your property for success,” said Ankur Brahmbhatt, longtime Choice Hotels franchisee and owner of the Clarion Pointe on the Lake Clarksville-South Hill West, which opened earlier this year.

For more information on development opportunities, visit www.choicehotelsdevelopment.com/clarion-pointe.

About Clarion Pointe®
The Clarion Pointe brand, franchised by Choice Hotels, offers savvy, sensible travelers more options for affordable travel.  Hotels offer guests a convenient and affordable experience with elevated essentials in just the right places, including contemporary design touches, curated food and beverage options, and on-demand connectivity. In addition to comfortable rooms with signature murals, Clarion Pointe properties offer modern fitness essentials plus free Wi-Fi and complimentary breakfast. As of June 30, 2022, there are more than 100 Clarion Pointe hotels open or awaiting conversion since the brand launched. For more information, visit www.choicehotels.com/clarion-pointe.

About Choice Hotels®
Choice Hotels International, Inc. (NYSE: CHH) is one of the largest lodging franchisors in the world. With nearly 7,000 hotels, representing nearly 600,000 rooms, in 35 countries and territories as of June 30, 2022, the Choice® family of hotel brands provides business and leisure travelers with a range of high-quality lodging options from limited service to full-service hotels in the upscale, midscale, extended-stay and economy segments. The award-winning Choice Privileges® loyalty program offers members a faster way to rewards, with personalized benefits starting on day one. For more information, visit www.choicehotels.com.

Forward-Looking Statement
This communication includes “forward-looking statements” about future events, including anticipated hotel openings.  Such statements are subject to numerous risks and uncertainties, including construction delays, availability and cost of financing and the other “Risk Factors” described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, any of which could cause actual results to be materially different from our expectations.

Addendum
This is not an offering. No offer or sale of a franchise will be made except by a Franchise Disclosure Document first filed and registered with applicable state authorities. A copy of the Franchise Disclosure Document can be obtained through contacting Choice Hotels International at 1 Choice Hotels Circle, Suite 400, Rockville, MD 20850, development@choicehotels.com.

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