Vol. 8 No. 05 About   |   Contact   |   Advertise March 18, 2020
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Coronavirus reaches pandemic level
Outbreak leads to cancellation of AAHOA, Hunter conferences
News-1

President Donald Trump, joined by Vice President Mike Pence and members of the White House Coronavirus Task Force, delivers remarks at a coronavirus update briefing March 9 in the press briefing room of the White House. (Official White House Photo by Joyce N. Boghosian)

THE CORONAVIRUS THAT causes COVID-19 is now a pandemic and a national emergency, striking the travel and hospitality industries particularly hard. Major hotel conferences have been cancelled along with most other public gatherings while industry associations work to ensure whatever economic relief they can.

Shortly after the World Health Organization World Health Organization declared COVID-19 a global pandemic on March 11, President Trump declared a national emergency in the U.S.

“The action I am taking will open up access to up to $50 billion of very important and a large amount of money for states and territories and localities in our shared fight against this disease,” Trump said.
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INSIDERS
Insiders Peter Willis has stepped down as chief investment officer for Chatham Lodging Trust, a REIT. Jeffrey Fisher, Chatham’s president and CEO, and Dennis Craven, the company’s chief operating officer, will assume Willis’ duties.
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OPENINGS
openings Aiden by Best Western @ Warm Springs Hotel and Event Center is now open in Warm Springs, Georgia. The 50-acre mountain-top resort is owned by Kathy Patel.

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NUMBERS
Numbers
38

The percent of the global hotel construction pipeline that U.S. projects comprise, according to Lodging Econometrics. With 5,748 projects and 708,898 rooms under construction by the end of 2019, the U.S. topped the pipeline for the year.


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Alderman is Radisson’s CEO for the Americas
The former ESA VP succeeds Ken Greene who stepped down in December
News-1
Jim Alderman, former Extended Stay America executive vice president, is Radisson Hotel Group’s CEO for the Americas.
JIM ALDERMAN IS Radisson Hotel Group’s new CEO for the Americas. He replaces Ken Greene, who stepped down as the company’s president for the Americas in December due to personal reasons.

Most recently, Alderman was executive vice president for Extended Stay America overseeing the company’s move into franchising. Prior to that he worked for Kimpton Hotels & Restaurants, Wyndham Hotels & Resorts, Starwood Capital, InterContinental Hotels Group and Ernst & Young.
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Vision Hospitality restoring historic Grady Hotel in Louisville, KY
The hotel’s structure, built in 1883, is scheduled to open in 2021
News-3
The 51-room Grady Hotel in Louisville, Kentucky, is Vision Hospitality Group’s luxury boutique hotel scheduled for completion in 2021.
WORK HAS BEGUN on reconstructing The Grady Hotel in Louisville, Kentucky, another luxury boutique hotel being developed by Chattanooga, Tennessee-based Vision Hospitality Group, led by Mitch Patel, president and CEO. It is scheduled for completion in 2021.

The 51-room hotel, is name for Grady Clay, a local journalist and proponent of the New Urbanism movement that focuses on the development of walkable communities. It was built in 1883 by pharmacist J.B. Wilder.
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Golden Eye finishes $2 million renovation of Comfort Suites in McDonough, GA
The 76-suite hotel is near Atlanta Motor Speedway
News-2
Golden Eye Hospitality’s 76-suite Comfort Suites McDonough Atlanta South in McDonough, Georgia, recently underwent a $2 million renovation.
GOLDEN EYE HOSPITALITY has completed $2 million in renovations for its Comfort Suites McDonough Atlanta South in McDonough, Georgia. Kalpesh 'KP' Patidar is CEO at Golden Eye.

The 76-suite hotel is near the Atlanta Motor Speedway, Hartsfield Jackson Atlanta International Airport and historic downtown McDonough. Golden Eye bought it in 2018 as an underperforming property.

“We poured a lot of our savings into this hotel and I need the community's support to bring life to this location,” Patidar said.
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GRAPHIC OF THE DAY
Report: Independent boutiques maintaining growth
Graphic
AS REVPAR GROWTH continues to slow for U.S. hotels, independent boutique hotels continue to hold steady, according to a report from The Highland Group. The segment maintained high demand despite growing supply, resulting in higher ADR and RevPAR.

In 2019 the segment generated $22 billion in room revenue, according to The Boutique Hotel Report 2020. The supply of boutiques has grown 6 percent annually since 2000 while lifestyle hotels and soft brands grew annually on average 14 and 21 percent respectively. Occupancy for boutique hotels in 2019 ranged from 74 to 79 percent.

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