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Simmons Hospitality Institutes New Mattress Recycling Initiative

Simmons Hospitality Institutes New Mattress Recycling Initiative

ATLANTA—Simmons Bedding Company and its Hospitality Division (Simmons Hospitality) announced the implementation of a new mattress recycling program. The company recently partnered with Global Sustainability Solutions (“GSS”) to handle recycling services for hospitality sales. The new Simmons Hospitality/GSS program will ...

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Area of Protection

Area of Protection

Area of protection (AOP) is a negotiated geographic area of exclusivity that a new franchisee sets up with a franchisor that blocks new, competing units from being placed nearby without the franchisee’s approval. AOP agreements are critical when opening a ...

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Mezzanine Debt

Mezzanine Debt

Mezzanine loans are back in vogue with hotel investors and developers turning to this financing tool for their latest acquisitions, recapitalizations, and leveraged buyouts. “Senior lenders are getting more aggressive,” says Geoffrey Davis, president and senior principal of HREC Investment ...

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EMV Payment Processing

EMV Payment Processing

As many credit card issuers adopt plans to move forward with Europay, Mastercard, and Visa (EMV) payment processes in the United States, hoteliers will need to upgrade their point-of-sales (POS) systems to accommodate the shift. “The credit card we have ...

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Detroit Marriott to Undergo $30 Million Renovation

Detroit Marriott to Undergo $30 Million Renovation

DETROIT—The Detroit Marriott at the Renaissance Center announced that it will begin a $30 million renovation project in February 2014, transforming 1,329 guestrooms and 100,000 square feet of meeting space. This downtown Detroit hotel is one of the tallest in ...

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