Vol. 7 No. 283 About   |   Contact   |   Advertise June 12, 2019
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Noble breaks ground on unique dual-brand in Atlanta
The hotel is the first Courtyard by Marriott, The Element by Westin combination
The Courtyard by Marriott Atlanta Midtown (right) will feature clean, casual décor and communal lobby spaces while The Element by Westin Atlanta Midtown will feature a nature-inspired motif.
IN A NEVER before seen combination, Atlanta-based Noble Investment Group has broken ground on a dual-brand Courtyard by Marriott and Element by Westin in Midtown Atlanta. The company, led by founder and CEO Mit Shah, expects the 282-room hotel to open in mid-2021.

The upscale dual-brand will stand on the corner of Peachtree Street and Ponce de Leon Avenue. Peachtree Street is Atlanta’s primary north-south thoroughfare, while the intersection with Ponce de Leon in Midtown is home to Atlanta’s Fox Theater. Other nearby attractions include the World of Coke, the Georgia Aquarium and Centennial Park.
Insiders Sudharshan Chary, co-founder and president of Datavision Technologies, will be inducted into the Hospitality Financial and Technology Professionals’ International Hospitality Technology Hall of Fame.

openings Aiden by Best Western @ Austin City Hotel has opened in Austin, Texas. It is the first U.S. location for the boutique brand that was launched last year.
IHG launches ‘We’re there’ marketing campaign
United effort will highlight personal connections mad by Holiday Inn and Holiday Inn Express
IHG Hotels & Resorts’ new global marketing campaign for its Holiday Inn and Holiday Inn Express brands, titled “We’re there,” focuses on connecting people in person, not just digitally.
IT’S AN EXPRESSION many tired travelers long to hear: We’re there. That’s now the name of IHG Hotels & Resorts’ new global marketing campaign for its Holiday Inn and Holiday Inn Express brands.

“We’re there” is meant to unify the two brands with a focus on the human connections they have helped form over the last 70 years. The first Holiday Inn opened in Memphis in 1952, and now the brand includes more than 4,000 hotels worldwide.

“Across our hotels, we share some of the most important moments in our guests’ lives – from birthdays and weddings to key business trips and job interviews,” said IHG Global Chief Marketing Officer Claire Bennet in a statement. “The history and heritage of these two brands in particular means we’ve always been there, so our guests can be, too.
PMZ Realty Capital arranges $83.5 million loan on Atlanta Embassy Suites
Legacy Ventures recently finished a $10 million renovation on the hotel
The 321-suite Embassy Suites Centennial Park in Atlanta is located in Atlanta’s Centennial Park near the World of Coke and other attractions, including Mercedes Benz Stadium and the Georgia Aquarium.
FOLLOWING A $10 million renovation, the owner of the Embassy Suites Centennial Park in Atlanta has taken out a $83.5 million fixed rate loan on the property. PMZ Realty Capital arranged the loan.

Owner Legacy Ventures has stabilized the property with the loan, PMZ Realty President Peter Berk said.

Current Issue
0.6 percent  

The percent of increase in occupancy for U.S. hotels during the week of May 26 to June 1 compared with a similar time period last year, a rise to 64.5 percent, according to STR. ADR rose 1 percent to $124.16 and RevPAR went up 1.6 percent to $80.10.
Maya Hotels building Hilton Garden Inn in Charlotte
The company plans to break ground in early 2020
Maya Hotels’ 138-room Hilton Garden Inn will be in Charlotte, North Carolina’s Steele Creek area.
MAYA HOTELS IS developing a new 138-room Hilton Garden Inn as part of a master-planned complex in a busy section of Charlotte, North Carolina. The company, under CEO J.D. Deva, plans to break ground on the project in early 2020.

The hotel will be in Charlotte’s Steele Creek area, near several shopping outlets on major thoroughfares.
HotStats: U.S. hotels performed positively in 2018
U.S. HOTELS CAME through 2018 in good shape despite concerns about the economy, according to HotStats. But they’ll have to maintain discipline to achieve similar performance this year, according to the head of the research company.

The U.S. Annual Hotel Performance Tracker 2019 shows a 3.4 percent increase year-over-year to $97.87 in profit growth or GOPPAR and an increase of 2.9 percent year-over-year to $259.10 in TRevPAR.
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Special Report 2018
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