Lodging Econometrics: Dallas Continues to Lead the U.S. Construction Pipeline
Category: Development, Featured, Finance & Development
PORTSMOUTH, New Hampshire—As seen in the third quarter United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the top five markets with the largest hotel construction pipelines by projects in Q3 2023 were led by Dallas with an all-time high of 189 projects/21,840 rooms; followed by Atlanta with 140 projects/17,775 rooms; Nashville with 122 projects/16,046 rooms; Phoenix with 119 projects/16,455 rooms, and the Inland Empire, with 117 projects/11,784 rooms. At the Q3 close, New
Remington Hospitality Names Rick Badgley as Chief Human Resources Officer
Category: Comings & Goings, People
DALLAS, Texas—Remington Hospitality welcomed Rick Badgley as chief human resources officer. Badgley, who brings over 20 years of industry experience, will support all aspects of human resources, including recruitment and retention; learning and development, and diversity, equity, inclusion, and belonging. Badgley started in hospitality as a dishwasher at his parent’s restaurant when he was 13. As chief human resources officer, Badgley will oversee efforts to attract, retain, and develop a guest-centric team to continue company
ITHACA, New York—The Cornell Hotel Society Hall of Fame Nomination/Selection Committee announced the 2023 honorees to enter the Cornell Hotelie Hall of Fame. The honorees will be celebrated during Hotelie Super Sunday on November 12, 2023, at The Pierre in New York City. The Hall of Fame inductees for 2023 are: James W. McLamore ’47 John Harney ’56 Harris Rosen ’61 Burton “Skip” Sack ’61 Annabella Santos Wisniewski ’65 Steve Rushmore ’67 James J. Eyster
Berkadia Arranges Refinancing for Hilton Garden Inn-Homewood Suites Jacksonville Downtown Southbank
Category: Finance & Development, Financing, Real Estate
JACKSONVILLE, Florida—Berkadia’s Hotels & Hospitality team arranged the refinancing of the leasehold interest in the Hilton Garden Inn-Homewood Suites Jacksonville Downtown Southbank, a 221-key, dual-brand hotel located in Jacksonville, Florida. Managing Director Michael Weinberg, Associate Director Alec Fox, and Senior Director Lindsey deButts of Berkadia Hotels & Hospitality secured the financing on behalf of Excel Group. A regional bank provided the five-year loan. “Excel has significantly improved the property’s performance through operational efficiencies since acquisition
Opened in August, the 661-room Tempo by Hilton Times Square is located within TSX Broadway, a new 46-story tower featuring retail and entertainment spaces including the historic Palace Theatre. Fitness and wellness are a priority at the hotel, whose communal lobby features a signature hydration station with alkaline filtered water. Nine wellness rooms are each outfitted with a Peloton bike, access to a digital library of fitness content, a yoga mat, and resistance bands. Peloton