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IDeaS offers podcasts, webinars on managing the COVID-19 pandemic

The company provides tips on using revenue management software in the crisis

REVENUE MANAGEMENT SOFTWARE provider IDeaS Revenue Solutions is offering podcasts with tips on managing the COVID-19 outbreak. It also is conducting weekly webinars on using the company’s software to navigate the crisis.

IDeaS’s Unconstrained Conversations Podcast on YouTube series, hosted by IDeaS’ chief evangelist Klaus Kohlmayr, will feature new episodes showing conversations with hotel industry leaders on how they’re coping and what they’ve learned as the situation unfolds.


Topics for the company’s Client Support Webinar Series include “How to Manage your RMS During Hotel Closures” on April 8; “Pricing, Marketing and Competitive Positioning Strategies” on April 15; and “Preparing Your Hotel for When Business Returns” on April 22.

“In these uncertain times, it is more important than ever that we pull together to support our communities,” said Sanjay Nagalia, IDeaS co-founder and chief operating officer. “We are working to provide our clients, and the greater industry audience, with useful, tangible advice and recommendations to help them through this crisis, and we look forward to better days ahead.”

Previously, IDeaS launched the first voice-based interface designed for a revenue management platform.

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Kabani brokers $9M sale of Florida voco
Photo Credit: voco hotel in St. Augustine, Florida

Kabani brokers $9M sale of Florida voco

Summary:

  • Kabani facilitated the $9M sale of the voco hotel in St. Augustine, Florida.
  • The 50-key, 2019-built hotel is on Anastasia Island.
  • The deal closed at a 6.3 percent capitalization rate and a 5.3x room revenue multiple.

KABANI HOTEL GROUP facilitated the sale of the 50-room voco hotel in St. Augustine, Florida, for $9 million, or $180,000 per key. The deal closed at a 6.3 percent capitalization rate and a 5.3x room revenue multiple.

The 2019-built voco, part of the IHG Hotels & Resorts portfolio, is on Anastasia Island, according to IHG. It is near Castillo de San Marcos, the Lightner Museum, St. George Street, the Colonial Quarter and Flagler College.

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