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Driftwood to Build Dual-Branded Tru and Home2 Suites

Driftwood to Build Dual-Branded Tru and Home2 Suites

MIAMI, Fla.—Driftwood Acquisitions and Development (DAD) and local developer Dev Motwani of Merrimac Ventures today announced a 50/50 partnership to build a dual-branded Tru/Home2 Suites by Hilton hotel in Downtown Fort Lauderdale, Fla. The $30M+ new-build—managed by Driftwood Hospitality Management—is ...

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21c Museum Hotels Coming to Miami

21c Museum Hotels Coming to Miami

NEW YORK—Helm Equities announced a partnership with 21c Museum Hotels that will bring the award-winning boutique hotel and contemporary art museum to HELM Miami, a mixed-use development project in Miami’s coveted Design District; the heart of Miami’s art, fashion, and ...

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10 Traits of an Ideal Revenue Manager

10 Traits of an Ideal Revenue Manager

With recent improvements in technology and a focus on acquisition cost, the defining characteristics of today’s ideal revenue manager have changed—and through our work at Charlestowne Hotels, we’ve identified a new wave of skill sets needed to hire industry-leading talent. ...

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Group Bookings Brighten Hotel Outlook

Group Bookings Brighten Hotel Outlook

NEW YORK—Committed occupancy and average daily rates (ADR) for the first quarter of 2017 are showing major signs of growth with group travel leading the way despite the continuing lag in transient booking pace in the fourth quarter of 2016, ...

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Sheraton Bay Point Resort Opens

Sheraton Bay Point Resort Opens

PANAMA CITY, Fla.—After over $30 million in capital improvements, Sheraton Bay Point Resort has opened under the management of Crescent Hotels & Resorts. Crescent, based in Fairfax, Virginia is a nationally recognized operator of premier hotels and resorts throughout the ...

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Rising Expenses Cut into Hotel Profitability

Rising Expenses Cut into Hotel Profitability

There are a lot of “double-edged sword” issues on the minds of hotel operators these days. Hotel occupancy has reached record levels, which is attracting the attention of developers and therefore the threat of new competition. Inflation and interest rates ...

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