Skip to content

Search

Latest Stories

Magazine names Vision Hospitality ‘Best Place to Work’

The company is helping furloughed employees weather the COVID-19 pandemic

VISION HOSPITALITY GROUP has been named a “Best Place to Work” by Edge magazine, a business publication of the Chattanooga Times Free Press in Chattanooga, Tennessee, where Vision is based. The company, led by Mitch Patel, president and CEO, received the award for its treatment of employees during the COVID-19 pandemic.

The Edge article specifically cites Vision’s long history of weathering storms, including 9/11 and the economic crisis of 2008. The company had to furlough 1,100 of its 1,500 employees companywide in March when the pandemic hit the U.S., but later sent each furloughed employee care packages during the Easter weekend containing non-perishable food items, paper products and items for Easter baskets.


Patel responded to the magazine’s tribute with an open letter.

“Today, we face an unimaginable challenge. The COVID-19 crisis has crippled the hospitality industry, with some analysts calling it worse than 9/11 and the 2008 recession combined,” he said. “However, in times such as these, the best places to work do not let a storm change who they are. Now, more than ever, our values and our mission are what will carry us through. Our goals are to bring back our team members who were furloughed, continue to open our hotels under development, and be stronger than ever before.”

Patel wrote that the company’s leadership is in constant communication with employees. Also, Vision is partnering with other companies to find job opportunities for furloughed employees and helped them file for unemployment and assistance with rent and utilities.

“We know the small things matter now more than ever, and we have not lost sight of the fact that so many of our employees are doing those small things that make a big impact,” he wrote. “Many things have changed, but one thing remains the same: the true-blue spirit and our values continue to bring us together. I personally would like to say thank you to all of our extended family for continuing to make Vision not only one of the best places to work, but a company that in the most difficult times has proven we care about people; the ones we serve, our neighbors and our communities.”

More for you

Trump reviewing 55 million us visas
Getty Images

Trump reviewing 55 million visas

Summary:

  • The Trump administration says it is reviewing more than 55 million visa holders.
  • Reviews cover a wide range of visas for law enforcement and overstay violations.
  • The administration also suspended worker visas for foreign commercial truck drivers.

THE TRUMP ADMINISTRATION is reviewing more than 55 million people who hold valid U.S. visas for potential violations. It is expanding a policy of “continuous vetting” that could result in revocation and deportation.

Keep ReadingShow less
Peachtree Funds Rio Las Vegas Renovations | $176M CPACE Loan
Photo credit: Hyatt Hotels Corp.

Peachtree originates retroactive CPACE loan for Rio Vegas

Summary:

  • Peachtree Group originated a $176.5 million retroactive CPACE loan for a Las Vegas property.
  • The deal closed in under 60 days and ranks among the largest CPACE financings in the U.S.
  • The company promotes retroactive CPACE funding for commercial real estate development.

PEACHTREE GROUP ORIGINATED a $176.5 million retroactive Commercial Property Assessed Clean Energy loan for Dreamscape Cos.’s Rio Hotel & Casino in Las Vegas. The deal, completed in under 60 days, is its largest credit transaction and one of the largest CPACE financings in the U.S.

Keep ReadingShow less
Spark Acquires Home2 Suites Wayne, New Jersey
Photo Credit: Hunter Hotels

Spark acquires Wayne, N.J., Home2 Suites

Summary:

  • Spark acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey.
  • Hunter Hotel Advisors facilitated the transaction with DC Hospitality Group affiliates.
  • The 2020-built hotel is near William Paterson University and less than 20 miles from Manhattan.

SPARK GHC RECENTLY acquired the 120-key Home2 Suites by Hilton Wayne in Wayne, New Jersey, from affiliates of DC Hospitality Group. Hunter Hotel Advisors facilitated the deal for an undisclosed amount.

Keep ReadingShow less
Global hotel construction pipeline reaches record 15,871 projects in Q2 2025, with U.S. and Dallas leading growth
Photo Credit: iStock

Report: Global pipeline hits 15,871 projects

Summary:

  • Global pipeline hit a record 15,871 projects with 2.4 million rooms in Q2.
  • The U.S. leads with 6,280 projects; Dallas tops cities with 199.
  • Nearly 2,900 hotels are expected to open worldwide by the end of 2025.

THE GLOBAL HOTEL pipeline reached 15,871 projects, up 3 percent year-over-year, and 2,436,225 rooms, up 2 percent, according to Lodging Econometrics. Most were upper midscale and upscale, LE reported.

Keep ReadingShow less
HAMA Launches 20th Student Case Competition in USA
Photo Credit: iStock

HAMA launches 20th student case competition

Summary:

  • HAMA is accepting submissions for its 20th annual student case competition.
  • The cases reflect a scenario HAMA members faced as owner representatives.
  • Teams must submit a financial analysis, solution and executive summary.

THE HOSPITALITY ASSET Managers Association is accepting submissions for the 20th Annual HAMA Student Case Competition, in which more than 60 students analyze a management company change scenario and provide recommendations. HAMA, HotStats and Lodging Analytics Research & Consulting are providing the case, based on a scenario HAMA members faced as owner representatives.

Keep ReadingShow less