Select Your Profits
Category: Market Reports
The definition of select service within the lodging industry may vary from person to person, but there is no doubt that properties in this segment are the most popular among developers. Using the broadest definition of select service, this category comprised an estimated 85 percent of the total projects in the development pipeline according to the October 2012 U.S. Hotel Pipeline Outlook report from Smith Travel Research. While developers may be influenced by emotional and
IHG Plans for Growth in India
Category: Pipeline
InterContinental Hotels Group (IHG) has announced it has signed 13 new hotels in India, boosting its existing pipeline in the country to 47. The announcement was made as Jan Smits, chief executive officer for IHG in Asia, Middle East, and Africa (AMEA), took part in a trade mission to India with British Prime Minister David Cameron to boost trade ties between the two countries. Jan Smits said: “India is an extremely important market for IHG.
ATLANTA—Hospitality Ventures Management Group (HVMG), a privately owned hotel ownership and management firm based in Atlanta, announced that it has assumed management of the 241-room Sheraton Read House located in downtown Chattanooga, Tenn. HVMG now has a portfolio of 42 hotels located in 17 states. “Recently, HVMG was approved to third party manage Starwood brands including Luxury Collection, Westin, and Sheraton so as 2013 progresses, we expect to add more upscale full-service Starwood properties to
PHILADELPHIA—Growth Properties Hospitality Management announced extensive renovations and brand changes for two hotels in the Philadelphia area. The Comfort Inn Philadelphia Historic Area/Penns Landing and the Hampton Inn Philadelphia NE/Bensalem have converted to the Holiday Inn Express brand. Both hotels are now the latest hotels in the Philadelphia area welcomed into the Intercontinental Hotels Group (IHG) brand. Privately owned, and managed by Growth Properties, the hotels have completed the following renovations: A complete makeover to
NASHVILLE, Tenn.— Nashville Airport Marriott announced the near completion of an extensive lobby makeover. The $5.2 million makeover began at the end of November 2012 and transformed the lobby into Marriott’s distinct M.I. Greatroom concept. The new Greatroom design removes traditional architectural barriers and divides the lobby space into open plan zones where guests can choose to work, relax, drink or dine. The renovation wraps up in late March or early April with the opening
