Marriott International Launches Four Points Express by Sheraton
Category: Brands, Featured, Industry News
Marriott International, Inc. announced the launch of Four Points Express by Sheraton, designed for the midscale segment. This new brand is a response to growing consumer demand for reliable yet affordable accommodations in Europe, the Middle East, and Africa. Consistent with the company’s approach to meeting the needs of guests with regionally relevant lodging products for every stay purpose, the announcement follows the company’s recent move into the affordable midscale space with City Express by
NewcrestImage and Dabu Group Acquire Marriott Dallas/Fort Worth Westlake
Category: Acquisitions, Finance, Finance & Development, Real Estate
In a joint venture, NewcrestImage and Dabu Group have acquired the full-service Marriott Dallas/Fort Worth Westlake. The hotel has architecture by Mexican architect Ricardo Legorreta, who is known for his use of bright colors, light and shadow, and geometric shapes. Newmark Lodging Capital Markets arranged the sale on behalf of the seller. The team was led by Vice Chairman Miles Spencer and Director Parker Sherrill. The Marriott is near corporate offices, downtown Grapevine, and destinations
Building the Pipeline: Hotel Development Opportunities and Challenges in Today’s Economic Climate
Category: Development, Featured, Finance & Development, Pipeline
The outlook for openings is promising as the U.S. hotel development pipeline is bolstered by a record-high 1,085 conversion projects in the second quarter of 2023, according to Lodging Econometrics. However, developers are still contending with inflation and high interest rates, which lengthen the timeline for some projects. “Projects have generally slowed,” observed Kyle Hughey, CEO, Charlestowne Hotels. “Capital is a little tougher to get and [developers] are more conscious about the use of it,
Hotel Indigo, part of IHG’s Luxury & Lifestyle portfolio, released a new international marketing campaign, The World’s Neighborhood Hotel, which is officially rolling out this month. In a global survey from Hotel Indigo, the brand found 73 percent of respondents think it is important for the hotel they stay in while traveling to be connected to the local neighborhood because it may inspire trying activities and new things and meeting new people. It also showed
WASHINGTON, D.C.—AHLA Foundation honored Julienne Smith, chief development officer, Americas, IHG Hotels & Resorts, as the 2023 recipient of the Peggy Berg Castell Award. Presented at The Lodging Conference, the award is for women who are paving the way for more women to rise in the hospitality industry. In her role overseeing the growth of IHG Hotels & Resorts in the Americas region, Smith is involved in supporting women through mentorships and sponsorships, and partners