Gencom, the Miami-based investment firm, has marked its entry into New York City with the acquisition of the Thompson Central Park. The 587-key luxury-lifestyle hotel is located in Manhattan’s Billionaires’ Row. While Gencom did not disclose details regarding the seller and acquisition price, a news report claimed Gencom purchased the hotel for $380 million, which […] The post Gencom ventures into the Big Apple with Thompson Central Park acquisition appeared first on HOTELSMag.com ..read more

MIKE METCALF’S NEW ROLE AT HQ HOTELS HQ Hotels & Residences, the new lifestyle hospitality brand led by sbe Chairman and CEO Sam Nazarian, has named Mike Metcalf as president. “Mike joins HQ Hotels at a pivotal stage of its launch ahead of the first HQ hotel openings in Montreux, Switzerland and Detroit, Mich. His […] The post People on the Move: HQ Hotels & Residences, BWH Hotels, L+R Hotels, SH Hotels, Omni Hotels, The Resort at Pelican Hill appeared first on HOTELSMag.com ..read more

Global Hotel Alliance (GHA), the alliance of independent hotel brands, has widened its global reach and expanded its presence in Norway, the U.A.E., Malaysia and Greece. GHA has welcomed Unike Hotels in Norway, Sunway Hotels & Resorts in Malaysia, Andronis in Greece and Paramount Hotels in the U.A.E., adding 32 hotels to its overall portfolio […] The post GHA expands portfolio with addition of four new brands appeared first on HOTELSMag.com ..read more

SOFITEL EXPANDS IN U.A.E.: Sofitel, the luxury hotel brand by Accor, has expanded its presence in the U.A.E. and opened a seaside resort in Ras Al Khaimah. The new Sofitel Al Hamra Beach Resort opens as the brand’s sixth hotel in the Emirates and is situated between the seaside and the Hajar mountains. Featuring 292 […] The post Briefs: Sofitel expands in the U.A.E.; Moxy arrives in N.C. appeared first on HOTELSMag.com ..read more

In the hospitality industry, property improvement plans, better known as PIPs, play a pivotal role in maintaining the quality and competitiveness of hotels. These plans outline necessary upgrades and renovations to keep properties up to date with industry standards and guest expectations. However, a concerning trend has emerged as hotels delay or defer these crucial […] The post How to address the challenge of delayed hotel property improvement plans   appeared first on HOTELSMag.com ..read more

Pop quiz: What lodging company owns the Park Hyatt brand? Too easy? Ok, let’s try another. What lodging company owns Thompson Hotels? Give up? It’s kind of a trick question because the lodging company that owns Park Hyatt is the same company that owns Thompson: Hyatt Hotels Corporation. One more. Who owns Gain detergent? You […] The post Yes, there are too many hotel brands. Who cares. appeared first on HOTELSMag.com ..read more

 Weller Development Partners and Pegasus Capital Advisors, developers of Six Senses Grand Bahama, have unveiled the masterplan for the over $250-million development on the northernmost island of The Bahamas archipelago. The 50-acre resort community will feature 70 resort villas and 28 branded residences, focused on sustainability and wellness. The resort, which is designed by Gensler, […] The post Weller, Pegasus unveil masterplan for Six Senses Grand Bahama appeared first on HOTELSMag.com ..read more

THE RITZ-CARLTON ARRIVES IN MOROCCO: The Ritz-Carlton has expanded its African footprint and debuted in Morocco with the opening of The Ritz-Carlton Rabat, Dar Es Salam. Sitting on 440 hectares of forest and gardens, the hotel is situated close to the Royal Golf Dar Es Salam. Located in Rabat along the shores of the Atlantic Ocean, […] The post Briefs: The Ritz-Carlton arrives in Morocco; voco opens in Stockholm appeared first on HOTELSMag.com ..read more

It’s budget season and for any financial leader in an organization that means juggling numbers to find the perfect balance for the upcoming fiscal year. Perhaps you even have your meticulously crafted budget in hand. So, now what?  If you’re entering the homestretch of a successful year, you might be tempted to coast through the […] The post The hotel industry is into the homestretch of 2024. Don’t let up now.   appeared first on HOTELSMag.com ..read more

Room00 Group, the primary platform for hostels and boutique hotels in Spain’s Iberian Peninsula, along with the Dorsa Holding Group have acquired TOC Hostels for €20 million. The partners have acquired 100% of the shares from Ignacio Catalán and Salvador Torrens to become the largest hostel chain in Europe and widen its reach to more […] The post Room00 Group acquires Spain’s TOC Hostels for €20M appeared first on HOTELSMag.com ..read more