PHOENIX, Arizona—BWH Hotels announced that its Board of Directors has elected Phil Payne as Board chairperson for 2024. Payne, who previously served as Board vice chairperson, brings decades of hospitality experience and over 40 years of BWH Hotels ownership to his role. “I am pleased to announce Phil Payne as our new Chairperson of the Board,” said BWH Hotels President and CEO Larry Cuculic. “Phil has been a long-tenured, trusted, and highly valued member of
CHEVY CHASE, Maryland—PM Hotel Group has been selected to assume management of the Aloft Katy Mills, which is located in the Katy Boardwalk District outside of Houston, Texas. This new addition to the PM Hotel Group portfolio shows the company’s expansion in the Texas market. “We are excited to expand our presence in Texas with the addition of the Aloft Katy Mills to our portfolio,” said Ethan Kramer, chief investment and development officer, PM Hotel
IHG Opens First Garner Hotel in Auburn, Washington
Category: Development, Finance & Development, Openings
ATLANTA—IHG Hotels & Resorts celebrated opening its first Garner hotel less than three months after the midscale conversion brand’s launch. Located in the Seattle suburb of Auburn, Washington, Garner Auburn – Seattle’s conversion and reopening signify owners’ recognition of the brand, its revenue potential, and its offer for travelers in the midscale space. The 95-room Garner Auburn – Seattle offers an affordable price point and a hot breakfast bar, flavor-infused water at check-in, and a
Event planners believe 2024 is looking up for hospitality, though they aren’t reporting increasing rates of optimism as much as they were a few months ago. They’re also planning just as many events, if not more, than they have been throughout 2023, spreading their business out across much of the country, and seeing more positive interactions with hotel staff despite the lack of reduction in costs, according to the most recent Planner PULSE Survey. Cvent
Supporting Revenue Health: Hotel Spas Were Valuable Contributors During the Recession
Category: Featured, Finance & Development, Market Reports
As of year-end 2022, the average hotel in CBRE’s Trends in the Hotel Industry survey sample had surpassed its 2018 total revenue figure by 1.5 percent. This was achieved even though the average hotel had rented 8.2 percent fewer room nights in 2022 than it did in 2018. The revenue increase was largely due to continued improvement in ADR and revenue from other sources. The strategy to drive revenue from other sources was in direct
