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2023 Construction and Renovation P2P Trends

Hospitality Net

While these trends have been on a gradual incline over the recent years, industry experts predict the rest of this year will witness a significant increase in renovation and conversion projects as well as new construction trends in relation to the procurement processes.

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Orlando Fairfield Inn & Suites sells for $21.25M

Hotel Business

The 112-room hotel, constructed in 2016, sold for $21,250,000 or $189,732 per room. Marcus & Millichap , a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, has revealed the sale of a Fairfield Inn & Suites near the University of Central Florida in Orlando.

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New brand RESET breaks ground

Hotel Business

This project combines steel-frame modular construction, a modern and minimalist approach to design and an investor group with more than 40 million social media followers to create a new brand that brings curated hospitality to the very edge of one of California’s most iconic natural landscapes, according to developers.

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Premier adds new general counsel 

Hotel Business

Premier , an end-to-end architecture, design, procurement and project management and development firm, has added Nick Brooks as the firm’s first general counsel.

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ACCOR ACCORD

Mary Gostelow

Constructing sustainable rooms without compromising guest experience, and reducing utility costs by 10% are goals. Reducing food waste runs from procurement until the end of a guest’s stay is part of the need to cutfood waste by 30% by 2030.

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Industry execs discuss trends for 2023

Hotel Business

“And that really focuses the procurement on what really drives value, all of the non-value-added products and services, you either eliminate, automate or outsource. “There are about 985 hotels under construction in the United States right now. .” Prior to COVID, we were well into a thousand under construction.

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Eric Davies promoted to president of Wurzak Hotel Group 

Serviced Apartments

He will also be part of WHG development and construction projects while leading the purchasing and procurement division for WHG Supply LLC (an affiliate of the Wurzak Hotel Group). . Davies has been part of the Wurzak Hotel Group team for more than twenty years and his previous role was chief operating officer.