Finance & Development : Lodging Magazine

JULY 10, 2023

JLL Capital Markets announced that it arranged the sale of Home2Suites by Hilton, a 103-key hotel in Blacksburg, Virginia, and the sale of the Residence Inn Tuscaloosa, a 111-key hotel in Tuscaloosa, Alabama. JLL represented the seller, KM Hotels, and procured the buyer, Mission Hill Hospitality. WASHINGTON, D.C.—JLL

Marketing 57

Marketing Procurement Magazine 57

Hospitality Net

DECEMBER 6, 2023

With continued strong demand for its Property Management Systems (PMS), Point-of-Sale (POS) and Inventory and Procurement (I&P) solutions in APAC and other global regions, Agilysys named Marshall to spearhead its regional growth strategy and go-to-market execution across the region.

Procurement 40

Procurement Marketing Property Management 40

Hotel Owner

OCTOBER 12, 2022

The London market has come back more strongly than anyone anticipated, while some hotels in the more staycation-driven regions have struggled to get back to the unique levels achieved last year during the summer – but even then, they have still done well. Many of these are due to end this time next year.

Marketing 105

Marketing Procurement Housekeeping Facility Management 105

Hotel Business

MARCH 29, 2024

JLL worked on behalf of the seller and procured the buyer. The JLL Capital Markets Investment Sales team was led by Director Philip White. The buyer saw an incredible opportunity to purchase an asset well below replacement cost in a market with a lack of new competitive supply,” said White.

Procurement 59

Procurement Marketing 59

Revenue Hub

DECEMBER 15, 2023

With tight margins to work with in a highly competitive market, it is important for hotel operators to streamline their practices to stay profitable and keep overhead costs low. Procurement: How to Use It to Your Advantage? If an operator is short in their DOH, then they can react sooner to prevent running out of product.

Procurement 96

Procurement Accounting Front of House Back of House 96

Hotel Business

APRIL 1, 2024

We are launching the CoralTree Residence Collection because we recognized an opportunity in the market,” said Tom Luersen, president, CoralTree Hospitality. With our company’s deep roots in vacation rental management, we knew we’d be able to meet the demand and provide customized and enhanced support in this space.

Procurement 111

Procurement Concierge Housekeeping Maintenance 111

Hotel Business

APRIL 17, 2024

The report noted numerous post-pandemic trends which contributed to increased bookings and usage of the GDS, including a stronger SME corporate market; larger TMCs dominating the market; and growth in third-party GDS self-booking tools and home-working leisure travel agencies.

Book 111

Book Reservations Procurement Accounting 111

Modern Restaurant Management

JANUARY 23, 2024

In fact, according to the Business Research Company’s 2023 Food and Beverages Global Market Report, the global industry’s market size grew over 7.3 Given its expanding market share, it’s become increasingly critical for businesses to plan for and be aware of some of the industry’s greatest risks of disruption.

Procurement 198

Procurement Accounting Marketing Training 198

Hotel Business

MARCH 29, 2024

Mehta, Chase Dewese, Jack Davis and Joce Messinger, investment specialists in Marcus & Millichap’s Charlotte Uptown and Charleston offices, had the exclusive listing to market the property on behalf of the seller and procured the buyer. Brian Hosey, broker of record in Virginia, assisted in closing the transaction.

Procurement 59

Procurement Marketing 59

Hotel Business

JANUARY 19, 2024

Castlerock Asset Management, an integrated real estate development, ownership, marketing, hospitality management and asset management firm, has made several executive appointments, including a new chief information officer. She was formerly director, sales and marketing at Bobby Nashville and Austin Proper Hotel and Residences.

Procurement 64

Procurement Information Hospitality Management Marketing 64

Lodging Magazine

NOVEMBER 15, 2022

Several of the industry’s top purchasing agents spoke with LODGING about how they are approaching the current market, […]. The post Prowess in Purchasing: Top Agents Share Their Approaches to Today’s Market Challenges appeared first on LODGING Magazine.

Marketing 103

Marketing Pricing Communication Magazine 103

Hotel Business

JANUARY 2, 2024

It was a privilege to utilize our tested process to expose and unlock the top of the market value for generational owners of such a unique and historic property,” said McLean Hicklin, first VP, investments, Marcus & Millichap. “We The portfolio was sold for $15.65

Procurement 64

Procurement Marketing 64

Modern Restaurant Management

JUNE 9, 2023

Conduct Market Research Market research helps you define your business purpose. Carrying out sufficiently detailed market research with relevant data will help you define your niche and the ideal customer. They have to adhere to a set of common guidelines to ensure their business hits the ground running.

Document 163

Document Training Procurement Marketing 163

Finance & Development : Lodging Magazine

AUGUST 7, 2023

JLL procured Masterworks Development as the buyer. hotel markets including Boston, Chicago, Philadelphia, and San Francisco. This geographically diverse set of hotels is located in large U.S. Each of the […] The post JLL Arranges Sale of Mezzanine Loan for Club Quarters Portfolio appeared first on LODGING Magazine.

Procurement 52

Procurement Magazine Marketing 52

Hotel Business

DECEMBER 21, 2023

Hunter, SVP, and Leo Reilly, investment specialist in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller HG Management, a Tampa-based developer, and procured the buyer, Lodgco Hospitality , based in Grand Rapids, MI. ” The five-story hotel is located 1.5

Procurement 59

Procurement Marketing 59

Hotel Business

JANUARY 3, 2023

We continue to seek hotels in prime markets with barriers to new entry and multiple demand generators that help protect against occasional market fluctuations. We were able to procure very attractive debt for the project that allowed EHP to acquire and renovate the property within a favorable timeline.”.

Procurement 107

Procurement Marketing 107

Hotel Business

AUGUST 4, 2023

JLL procured Masterworks Development as the buyer. hotel markets including Boston, Chicago, Philadelphia and San Francisco. There are currently 15 Club Quarters hotels comprising 4,080 rooms located in major metropolitan markets across the United States and United Kingdom.

Procurement 52

Procurement Marketing 52

Revenue Hub

DECEMBER 8, 2023

In fact, the global hotel industry is expected to reach a market value of $870 billion by the end of 2023, with the luxury hotel market estimated at $115.8 For example, AI can help procurement software compare environmentally friendly and diverse-owned hotel suppliers and monitor outcomes when investing in these businesses.

Travel and Tourism 99

Travel and Tourism Procurement Maintenance Information 99

Modern Restaurant Management

JULY 14, 2022

As a Content Marketing Professional and restaurant advocate, I always think about how my work is hopefully making it to even one of those restaurant owners. You can unlock the power of your restaurant data with the help of solutions such as procurement and supply chain technology. Am I writing about the right solutions?

Procurement 216

Procurement Information Accounting Article 216

Hotel Business

JUNE 30, 2023

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. He will review all legal risks associated with the business and take the appropriate steps to manage those risks while also optimizing profitability.

Procurement 52

Procurement Business Development Marketing 52

Modern Restaurant Management

FEBRUARY 21, 2022

Future Market Insights reports that overall Plant Based Burgers sales revenue will surpass US$ 2.7 In this blog we shall discuss, what’s the market scope of the vegan restaurant industry, what are the key challenges faced by vegan restaurant owners, and what is their approach to address those issues? percent in 2021.

Blog 221

Blog Marketing Procurement Pricing 221

Modern Restaurant Management

FEBRUARY 28, 2024

In a world reshaped by the pandemic, evolving labor markets, and shifts in consumer behaviors, restaurant owners are increasingly turning to technological innovations. In such a growth-driven market, integrating the latest smart kitchen configurations and streamlined service zones can substantially cut down order time.

POS Systems 118

POS Systems Catering Procurement Menu Planning 118

Hotel Owner

APRIL 4, 2024

This diversity and depth of expertise across varied complex market scenarios reflect why Vine Hotels has emerged as a pioneering force in hotel management partnerships and profitability. This might call for full hotel management services or a targeted solution or solutions, such as sales enhancement or procurement optimisation.

Procurement 52

Procurement Property Development Marketing Article 52

EATER

MAY 14, 2024

And for decades, the scene was ruled by just a few smoke-stained joints — Smitty’s, Black’s, and Kreuz Market are among the most iconic — but now Barbs B Q, a restaurant helmed by 25-year-old pitmaster Chuck Charnichart, is shaking up the scene in the most delicious way possible.

Procurement 52

Procurement Events Marketing 52

Hotel Business

JANUARY 10, 2023

Accor is implementing a new global leadership structure to “allow the group to accelerate growth and better address market developments, deliver the highest possible levels of service for all its stakeholders, facilitating accurate and effective fulfilment of guest needs and expectations, and providing clarity and performance to its partners.”.

Procurement 52

Procurement Marketing 52

Hotel Business

NOVEMBER 22, 2023

In a world hungry for authenticity, transparently showing the process of making is the ultimate form of marketing content,” said Uyeda. “We An influx of short-term rentals has caused disruption to the local housing market and resulted in an increase of stricter regulation.

Procurement 69

Procurement Document Property Management Pricing 69

Modern Restaurant Management

JULY 18, 2022

Staying competitive within your geographic market is vital, especially as the nation struggles with inflation and rising fuel costs. As a franchise brand with dedicated distributors, vendors, and a healthy list of secondary sources to procure tier-one ingredients to run our poke model, our distribution worries are less than the status quo.

Procurement 197

Procurement Customer Service Pricing Marketing 197

eZee Absolute

DECEMBER 14, 2023

Table of Content The Anatomy of the Hospitality Supply Chain Sourcing and Procurement Logistics and Operations Guest Experience The Impact on Hotels Massive Footprint or Force of Good? The supply chain, with its influence on procurement, logistics, and inventory, directly impacts a hotel’s cost structure.

Procurement 59

Procurement Guest Satisfaction Information Accounting 59

Hotel Business

MAY 25, 2023

We quickly realized that not only are we involved on a b2b level with hotels through relationships and procuring supply, but also with the events themselves.” “That idea has since evolved into a travel tech company with an integrated, seamless and social way for groups of people to attend their favorite events and discover new experiences.

Book 98

Book Events Procurement Marketing 98

Serviced Apartments

NOVEMBER 8, 2023

He has previously worked for PwC Procurement and most recently spent time in senior positions within the extended stay sector. UK: Corporate accommodation provider CAP Worldwide Serviced Apartments has appointed Simon Beauchamp to the company’s executive leadership team.

Procurement 52

Procurement Catering Marketing 52

Hotel Owner

MAY 15, 2023

Additionally, Interstate was also not present in Spain or Germany, after the rebranding it became easier to enter the market with Aimbridge because of the benefits of scale, our complete emphasis on operations, and the extremely tight relationships that we have with our owners.

Procurement 105

Procurement Catering Marketing Communication 105

Synergy Suite

DECEMBER 28, 2023

This scrutiny helps identify potential bottlenecks, inefficiencies, or areas for improvement within the existing procurement system. E-procurement Solutions: Utilize e-procurement tools and purchasing software for streamlined ordering processes, reducing paperwork and manual errors.

Procurement 52

Procurement Scheduling Communication Demo 52

Modern Restaurant Management

MAY 26, 2022

The size of your restaurant may at times determine how close you can work with a source provider with smaller businesses needing the one-stop foodservice distributor and larger restaurant chains able to have procurement teams specialized in each category.

Pricing 183

Pricing Procurement Information Events 183

Modern Restaurant Management

JULY 16, 2021

UberEats uses its search data to identify unmet demand for different cuisine types in its markets, and works with local restaurants to create delivery-exclusive menus. Independent drivers, though, should be advised to procure their own coverage. Some mom and pop establishments have partnered with delivery apps like Uber Eats to do so.

Procurement 190

Procurement Server Pricing Marketing 190

Hotel Business

APRIL 12, 2023

Magnuson’s Fair Franchising efforts are translating into higher RevPARs for hotels, as owners are able to renovate according to their plans and market characteristics, choose their own suppliers rather than purchase through franchisors at inflated costs,” he said.

Procurement 59

Procurement Pricing Book Marketing 59

The Restaurant Times

JUNE 24, 2020

It is an excellent marketing scheme to help increase your customer base as well. . Here is a list of things you must keep in mind while pricing the delivery menu: Food cost : The pricing of your delivery menu should factor in the overall food costs , which includes the cost of procuring inventory required for preparing a particular dish.

Marketing 52

Marketing Pricing Procurement Budgeting 52

Hotel Business

SEPTEMBER 28, 2023

“This transaction represents a welcome return for Lowe and CoralTree to the roots of our business and to familiar markets where we have been active for decades. “Our hospitality management business was formed in 1973 to provide residential resort management services,” said Rob Lowe, co-CEO, Lowe.

Resort Management 99

Resort Management Procurement Concierge Housekeeping 99