EOS Hospitality President and Chief Development Officer Mark Keiser realizes he’s been lucky—to have had the opportunity to travel at a young age, to be able to stretch in roles he wasn’t quite ready for, and to find mentors and friends that supported him in an industry that always challenged him. As Keiser described for LODGING, he and his partners at EOS Hospitality—CEO Simon Mais and founder and chairman of EOS Investors, LLC, Jonathan Wang—are
SAN DIEGO—Hotel del Coronado, part of Curio Collection by Hilton, has announced plans to restore and revitalize the hotel’s Victorian building with a more than $160 million investment, marking the final phase of Blackstone Real Estate’s more than $550 million development plan to preserve and enhance the National Historic Landmark property. The upgrades will encompass all Victorian guestrooms, suites, and event spaces such as the Crown Room, with a targeted completion date of Spring 2025.
JLL’s Hotels & Hospitality Group Arranges Sale of SLS Brickell
Category: Finance, Finance & Development, Financing, Real Estate
MIAMI—JLL’s Hotels & Hospitality Group announced on behalf of Constellation Hotels Holdings that the firm has arranged the sale of SLS Brickell, a 124-room luxury and lifestyle hotel located in Miami’s Brickell submarket. The Kastrati Group acquired the hotel for $53.5 million and was represented by Jordan Karp and Disruptive Real Estate. The sale did not include the restaurant space formerly known as Bazaar Mar by Jose Andres, as JLL had sold it in a
Hilton Upgrades Event Booking Platforms for Small Businesses
Category: Meetings & Events, Operations
McLEAN, Virginia—Hilton announced two digital innovations designed for small- and medium-sized businesses. The innovations are part of Hilton’s commitment to digitally transform the business travel experience from booking to billing for small- and medium-sized enterprises that comprise roughly 85 percent of Hilton’s business transient guests. The initiatives, which will launch by early next year, include: Hilton for Business: This multi-faceted program, currently in test with select customers and slated to launch globally early next year,
A Balancing Act: Most F&B Revenues Are Up From Last Year, but So Are Expenses
Category: Featured, Food and Beverage, Food and Beverage Trends
For hotels in the upper tier of the market, a successful conference and group season involves a healthy contribution from F&B departments. If the opening quarters of the year were any indicator, however, hoteliers will see tighter profit margins with inflation continuing to affect revenues and expenses. Through the first seven months of 2023, most F&B revenues easily exceeded last year, most notably beverage catering and banquet (C&B) coming in almost 27 percentage points higher
