An Inside Look at Mattresses: Delving Into the Technology Prior to Procurement
Category: Featured, Operations, Supply Line
A high-quality mattress promotes the restful sleep that is one of the fundamental offerings of the hotel industry. But even top-tier mattresses eventually need replacing, and at that point procurement will need to investigate the products in the ever-evolving bedding market. Given the variety of products in terms of price point and features, it’s best to start this exploration well before the warranty expires on the hotel’s current mattresses, advised David Wiles, director of Tempur
The first quarter of 2024 demonstrated the hotel demand in all Accor Group regions and segments. Operating performance indicators (RevPAR and portfolio growth) are trending positively, and the group has continued to manage its balance sheet in line with its commitments. Sébastien Bazin, chairman and CEO of Accor, said, “In this first quarter, marked by the group’s return in CAC 40, Accor once again delivered a solid performance, increasing revenue in all regions, notably in
STONECREST, Georgia—Artemis Hotel Group announced the completion of a full-scale renovation for the Hilton Garden Inn Atlanta East/Stonecrest, located in Lithonia, Georgia. The 110-room property managed by GF Hotels underwent an extensive transformation encompassing the entire property, including the exterior, guestrooms, corridors, and public areas. The guestroom renovation included new case goods, soft goods, and updated bathrooms, providing a contemporary design. The public space refresh includes a new front desk with a lobby bar and
CoStar: U.S. Hotel Performance Continues to Show Mixed Results
Category: Finance, Finance & Development, Market Reports
WASHINGTON—U.S. hotel performance showed mixed results from the previous week, according to CoStar’s latest data through April 20, 2024. U.S. Hotel Performance April 14-20, 2024 Percentage change from comparable week in 2023:Occupancy: 66.8 percent (down 0.3 percent)ADR: $158.60 (up 1.5 percent)RevPAR: $105.94 (up 1.2 percent) Among the Top 25 Markets, Philadelphia reported the largest year-over-year increases in occupancy (up 14.3 percent to 72.1 percent) and RevPAR (up 23.2 percent to $114.11). Washington, D.C., posted the
Sonnenblick-Eichner Arranges Equity Investment for Pacific City Lodging Portfolio
Category: Finance & Development, Financing, Real Estate
LOS ANGELES, California—Sonnenblick-Eichner Company has arranged a strategic joint venture equity investment into the ownership entity of the Pacific City Lodging portfolio, located in Pacific City, Oregon. The Pacific City Lodging portfolio is a collection of oceanfront resort properties comprised of the Headlands Coastal Lodge & Spa, the Inn at Cape Kiwanda, Hart’s Camp, and the Cape Kiwanda RV Park. Noble House Hotels & Resorts of Kirkland, Washington, provided the investment into the partnership. This
