Skip to content

Search

Latest Stories

Organizations form new website to encourage hotel ownership

Castell Project, She’s Got A Deal competition both promote women in the hospitality industry

Organizations form new website to encourage hotel ownership

TWO ORGANIZATIONS FOCUSED on promoting the careers of women in the hospitality industry are teaming up to form a new means to that end. The Castell Project and the She Has A Deal contest that provides its winner a chance at hotel ownership are creating Fortuna’s Table to connect prospective hotel owners to the knowledge, guidance and networking they need to achieve their goal.

Modeled after business incubators will use public relations and social media to open access to new markets for potential hotel owners, according to the Castell Project. Experts and sponsors will share their knowledge on the project’s website, which is in the works and also will provide round tables and virtual meetings with peers and experts.


“Both organizations are focused on women reaching the upper echelons of the hospitality industry. Fortuna’s Table is a truly collaborative endeavor to help women and minorities reach leadership and ownership in the industry,” said Peggy Berg, chair, Castell Project, Inc.  “She Has a Deal will provide its pitch competition participants with the additional resources of Fortuna, while Castell will offer women pursuing leadership the opportunity to evaluate hotel ownership both through the resources on Fortuna and through access to She Has a Deal’s structured masterclasses.  It’s truly a win-win.”

Tracy Prigmore, founder of real estate investment firm TLTsolutions, began the She’s Got A Deal competition in 2018 after realizing during her own quest to become a hotel owner that most other hoteliers are men. Vinay Patel, AAHOA vice chairman and president of Fairbrook Hotels in Chantilly, Virginia, is on the advisory board for “She Has a Deal.”

“The investment side of the business needs to be more diverse and inclusive,” Prigmore said.  “For women to participate fully in leadership, more women need to have access to ownership. We look forward to making additional announcements regarding our programs in the coming weeks as this initiative builds.”

More for you

Hyatt Way partnership

Hyatt taps Way for unified guest platform

Summary:

  • Hyatt partners with Way to unify guest experiences on one platform.
  • Members can earn and redeem points on experiences booked through Hyatt websites.
  • Way’s technology supports translation, payments and data insights for Hyatt.

HYATT HOTELS CORP. is working with Austin-based startup Way to consolidate ancillary services, loyalty experiences and on-property programming on one platform across its global portfolio. The collaboration integrates Way’s system into Hyatt.com, the World of Hyatt app, property websites and FIND Experiences to create a centralized booking platform.

Keep ReadingShow less
Global Hotel Rates to Stay Stable in 2026

Report: Global hotel rates steady despite uncertainty

Summary:

  • Global hotel rates are expected to remain stable through 2026, according to AMEX GBT.
  • New York is a key business travel and meetings destination.
  • India is likely to be a focus for travel programs during 2026 negotiations.

GLOBAL HOTEL RATES are expected to remain stable through 2026, as geopolitical tensions and potential U.S. tariffs limit demand and constrain price increases, according to American Express Global Business Travel. New York remains a popular destination for business travel and meetings.

AMEX GBT’s Hotel Monitor 2026, an annual forecast of global hotel rates in business travel destinations, identified India as a key market, with hotel rates and occupancy set to rise.

Keep ReadingShow less
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