News
Stay up to date with the latest news about commercial real estate, business opportunities, and trending topics for investors.
Best Western® Hotels & Resorts Signs Vietnam Seafront Resort on Phú Quốc Island
Best Western Hotels & Resorts has signed a license agreement on a new beachfront resort in Phu Quoc, the island off Vietnam’s south coast. In July, Best Western signed a license agreement with Vietnam’s CEO Group for the new Best Western Premier Sonasea Phu Quoc on the coast of the Gulf of Thailand. The 565-guestroom hotel and resort is scheduled to open in January 2019.
Best Western International
Best Western's First Dual-Brand Hotel
Best Western Hotels & Resorts has been watching other hotel companies find success with dual-branded properties, and bided its time until the right opportunity came about to throw its hat in the ring. Now, the Best Western Plus Elk City/Executive Residency is open in Elk City, Okla., marking Best Western’s first ever ground-up, dual-brand hotel.
Booking Flights and Hotels: Online Agents or Direct?
Direct booking trend is being fueled by metasearch tools such as Google Flight Search, Google Hotel Finder, Hipmunk and Hopper.
Brazil's hotel supply has boomed, but demand may not keep up
The attention Rio de Janeiro and Brazil, overall, have received over the past several years since winning bids to host the recently concluded summer Olympics and the 2014 FIFA World Cup has driven significant travel and hotel development. But now that both sporting events are in the past, and with medical and security issues generating negative travel attention around the world, Brazil’s hospitality future is murky.
Broader Demand Accents Post Brexit Irish Hotel Growth
Ireland’s hotel industry, post-recession, is no longer as reliant on U.K. travellers thanks to broader tourism demand and new destinations
Brown Golf Management launches online tee time platform
Golf course owners and managers who have placed their trust in online tee-time platforms have a new option for taking reservations that gives them a greater degree of direct control over rates and retention of repeat customers.
Business Incubators
Eight Reasons Startup Incubators Are Better Than Business School
Cambria Hotel to Open 2020 in Spartanburg, SC
Choice Hotels International, Inc. (NYSE: CHH) has signed an agreement with NIAM Investments to develop a six-story, 119-room Cambria Hotel in Spartanburg, S.C. The upscale hotel is slated to open in summer 2020.
Can shopping malls survive the coronavirus pandemic?
Just when many shopping malls had finally figured out how to adapt to the era of digital retail, the coronavirus pandemic upended everything.
Cautious Welcome for e-Passport expansion in UK
While a decision to let air passenger duty on long-haul flights rise in line with inflation has drawn the ire of the aviation sector in the UK, there has been a cautious welcome for a move to expand the use of e-passport gates.
China’s Alibaba Is Shaping the Future of the Machine-Driven Hotel
"Chinese e-commerce players are racing among themselves to provide technology solutions to hotels. Alibaba fires the latest salvo with a prototype of the future hotel, FlyZoo" says Raini Hamdi
Chinese Investment Trends in U.S. Hotel Real Estate
Investment from Chinese companies in U.S. hotels has been a growing trend for years, and shows no sign of slowing down. HVS' new report, Chinese Investment Trends in U.S. Hotel Real Estate, offers six simple reasons why American hotels are so attractive for Chinese investors.
Chinese Seek Safe Haven Investments
Investors based in mainland China are looking for markets perceived to be "safe havens," according to results of the 2016 Chinese Outbound Investor Intentions Survey released by DTZ/Cushman & Wakefield.
Choice Hotels Grows European Footprint with Three New Hotels
Choice Hotels International, Inc. (NYSE: CHH), announced three new additions to its European portfolio: Hotel Aquarius Venice and V8 Hotel Köln @Motorworld, both members of the Ascend Hotel Collection located in Venice, Italy and Cologne, Germany, respectively, and Quality Hotel Ostrava, the first Quality-branded hotel to open in the Czech Republic.
Choice Hotels Opens 478 Hotels Worldwide in 2014
On the development front, 2014 was a landmark year for Choice Hotels International.
CONDO HOTEL 8% GUARANTEE
Ft. Lauderdale Beach rent to vacationers for rental income or take advantage of the developer's 8% leaseback guarantee.
Content Rich YouTube lets Hotels tell their Stories
Hotel marketers and social media teams can grow guest engagement and brand awareness by investing time and creativity into building a presence on YouTube.
Costa Rica Consumer Protection Law to Cover Real Estate
By way of executive decree number DE-35548 the Consumer Protection Law of Costa Rica was updated to include contracts for future sales of real estate property.
Dual-Brand Marriott Property Arrives in Florida
CLEARWATER BEACH, FL—Real estate investment and development company Key International has opened a new Marriott dual-branded Residence Inn—140 suites—and SpringHill Suites Clearwater Beach—115 suites here. LBA Hospitality will oversee the properties.