Major hotel brands are stepping up to launch diversity programs that are much needed in the hospitality industry, as studies cite that only 2% of hotels have Black owners, and women serve in leadership roles in only one of every 10 positions. Wyndham Hotels & Resorts' Black Owners and Lodging Developers program assists Black entrepreneurs in becoming hotel developers and owners, while Hyatt Hotels requires at least two diverse candidates to be considered for all major leadership positions, and Marriott International's $50 million
Hotel to help revitalize N.C. resort community
Mexico approves Marriott's purchase of City Express brandSea Trail Investments has finalized the purchase of 15 acres of undeveloped land in Sunset Beach, N.C., as well as a convention center and activity center, with plans to build a 150-room hotel and take on an extensive revitalization of the resort comm
Marriott International's purchase of the Hoteles City Express brand in Mexico has received regulatory approval from the country, with the sale expected to close in the second quarter. Approximately 150 hotels in 70 Mexican cities and three other Latin American countries will be rebranded as Marriott properties.
Full Story: Hotel Management online (3/10) unity. The company will also add a driving range with top tracer technology and an entertainment facility.Century Casino's $195 million purchase of the Nugget Casino Resort in Sparks, Nev., was unanimously recommended by the state's Gaming Control Board, with the Gaming Commission to consider the approval on March 23. The casino-hotel has 1,382 rooms, a 75,000-square-foot gaming floor and nine restaurants.
Full Story: The Nevada Independent (3/8)
Cabana rentals are regularly selling out at luxury hotels, even when the cost is more than $1,000 a day, with Mutluhan Kucuk, managing director at Loews Miami Beach, noting that guests with cabanas spend up to 40% more on food and drinks than other guests. Cabanas, which may come with amenities such as air conditioning, television and showers, are popular for bachelor and bachelorette parties and other milestone occasions, as well as for day-trippers, who splurge on a one-day pass. Full Story: The Wall Street Journal (3/8) |
Houston's hotel market was rated the worst in the US, according to a Trepp report, which found that one-third of the area's properties have had a decline in net cash flow growth and over two-thirds are at risk of defaulting on loans. The study also found that occupancy has a weighted average of only 53%, although the relocation of major business headquarters to the area and the upcoming NCAA Final Four may provide at least a short-term improvement. Full Story: The Real Deal (3/10) The Street Art Suite at The Dominick in New York City's SoHo is a 1,700-square-foot, two-bedroom penthouse featuring the paintings of iconic artist Paul Richard, and guests staying there can commission a portrait for their private collections. The luxury suite can be booked through June. Full Story: Forbes (tiered subscription model) (3/11) |
