HFTP Partners with HotStats on Global Hospitality Accounting Common Practices Database
AUSTIN—Hospitality Financial and Technology Professionals (HFTP) has announced a partnership with HotStats to manage the Global Hospitality Accounting Common Practices (GHACP) database. First released...
Marriott Reaches 7,000 Hotels Worldwide
Marriott International today announced the opening of its 7,000th property—The St. Regis Hong Kong. The milestone follows Marriott’s announcement in March that it expects to...
Radisson Hotel Group Adds Six Hotels and Conversions in the Americas
MIAMI—At its Americas Business Conference in Miami, Radisson Hotel Group introduced six hotels set to join its Americas portfolio, which include one Radisson RED...
Asset Managers Mostly Concerned With Rising Labor Costs
The Hospitality Asset Managers Association (HAMA) recently hosted its 2019 Spring Conference at the Marriott Marquis, Washington, D.C. from April 4-5. During the conference,...
Deal Report: Five Hotel Sale and Financing Announcements
EB5 Capital Begins Funding New York City Ritz-Carlton
EB5 Capital recently finalized and executed its $125 million preferred equity investment in Flag Luxury Group’s Ritz-Carlton...
The Litt Group and KM Development Works Form LittKM Group
Boca Raton, Fla.—The Litt Group and KM Development Works announced today a strategic alliance providing a pool of talent and experienced project management services...
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AHLA Joins Mayor Garcetti, Peace Over Violence, and Local Advocates To Recognize Denim Day
LOS ANGELES—On Wednesday, the American Hotel and Lodging Association (AHLA) joined Los Angeles Mayor Eric Garcetti, Peace Over Violence, local leadership, survivors, and advocates...
Hotels Among America’s Best Midsize Employers for 2019
Forbes this week released its list of America's Best Midsize Employers. In collaboration with analytics firm Statista, Forbes selected the companies based on an...
This Week’s Deal Report
MCR Acquires Hilton Garden Inn Near Las Vegas
MCR has acquired the 139-room Hilton Garden Inn Las Vegas/Henderson. Located less than 15 minutes from McCarran...
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