February, 2024

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Hospitality Leaders Forum: Applejack

Hospitality Magazine

Hospitality magazine has long prided itself on being the industry’s go-to resource for the latest news, trends, openings, and movements that sweep across our ever-evolving industry. Ben Carroll Applejack Hospitality had a vibrant and eventful 2023. Already, we have seen a large shift to prix fixe and happy hours.

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Ashford to sell Hilton Boston Back Bay for $171M

Hotel Business

Ashford Hospitality Trust Inc. 31, 2023, the hotel’s net income was $2.3 million, its net operating income was $14.9 31, 2023, the hotel’s net income was $2.3 million, its net operating income was $14.9 capitalization rate on 2023 net operating income, or 12.3x 2023 hotel EBITDA.

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Ashford Hospitality Trust Sells The Residence Inn Salt Lake City

Hospitality Net

Ashford Hospitality Trust, Inc. capitalization rate on 2023 net operating income, or 18.2x capitalization rate on 2023 net operating income, or 14.0x The sale is expected to be completed in early March and is subject to normal closing conditions. 2023 Hotel EBITDA. 2023 Hotel EBITDA.

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Hospitality Sales on the up, but Significant Challenges Remain as Operators Look to Save on Costs

Hospitality Net

The latest data from Fourth, the leader in workforce and inventory management technology for the hospitality and retail industries, has revealed a much-needed improvement in festive trading across the sector in Q4 2023, with net sales revenue growth of +6.1% compared to the same period in 2022.

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UKH calls for more business access to new energy proposals

Hotel Owner

A response from the hospitality body comes as the Department for Energy Security and Net Zero proposed to expand access to the Energy Ombudsman and Ofgem to widen the Complaints Handling Standards. As currently proposed, thousands of hospitality businesses would be unable to feel the benefit.

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Today’s news in brief – 8/2/24

Hotel Owner

The hotel was sold to a private, first-time buyer with experience in hospitality. However, the hospitality body insists that these protections should apply to all businesses, not just those meeting the “Small Business Consumer” criteria. Simon Watson, the business agent at Christie and Co, facilitated the sale.

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Deka Immobilien acquires London’s Ruby Zoe hotel for €62m

Hotel Owner

It is leased long-term to Ruby Hospitality UK Ltd, a subsidiary of the rapidly expanding Ruby GmbH hotel group based in Munich. The fund has built up a tactical liquidity ratio of over 35% via continuous net cash inflows. The Ruby Zoe is the second Ruby hotel in London.