Vol. 7 No. 287 About   |   Contact   |   Advertise July 10, 2019
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British agency may fine Marriott for data breach
UK’s Information Commissioner’s Office said the hotel company failed to perform due diligence
News-1
Marriott International faces a fine for a data breach that came about after the company acquired Starwood Hotels & Resorts Worldwide Hotels in September 2016. The breach affected the data for more than 300 million guests.
THE UNITED KINGDOM’S Information Commissioner’s Office plans to fine Marriott International £99,200,396, or just over $123 million, in connection with a massive breach of the company’s guest reservation database last year. Marriott President and CEO Arne Sorenson said the company is disappointed in the ICO’s decision and it will fight to defend its position.

Marriott announced the breach in November, saying when it acquired Starwood Hotels & Resorts Worldwide Hotels in September 2016 the old reservation system was compromised. That led to a data breach that compromised the information of more than 300 million guests.
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INSIDERS
Insiders Dharma Subramanian is ALICE hospitality operations software company’s new vice president of product. He will oversee the company’s product management as it transitions to Agile/Scrum development methods.

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OPENINGS
openings Best Western West Valley Inn is now open in West Valley City, Utah, after a renovation. It is owned by WVC Hospitality under Principal Nimesh Chaudhari.
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NewcrestImage plans $2 billion expansion
The company hired two new financial experts to oversee parts of the process
News-1
Previously, NewcrestImage’s new Chief Investment Officer David Perels and Chief Investment Officer Caroline Lerner Perel worked for Civitas Capital Group.
DALLAS-BASED NEWCRESTIMAGE, under Chairman and CEO Mehul Patel, has begun a nationwide expansion of its operations, the company announced Tuesday. To further that goal, it has hired two new finance executives, David Perel as chief investment officer and Caroline Lerner Perel as chief development officer, with a target of $2 billion in growth.

Previously the Perels worked for Civitas Capital Group, David as managing director and head of lodging investments and Caroline as managing director on the lodging team.
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New Courtyard training ground for hospitality students
Total Management Systems and New Mexico State University partners in development project
News-3
Total Management Systems opened the Courtyard by Marriott Las Cruces in Las Cruces Mexico in July. The hotel is next to New Mexico State University, which will use the hotel to train students of its Hotel, Restaurant and Tourism Management School.
TOTAL MANAGEMENT SYSTEMS of Albuquerque, New Mexico, has realized its plan to open a hotel to benefit students of a hospitality school. The Courtyard by Marriott Las Cruces opened in July on 2.7 acres owned by New Mexico State University.

Prakash Sudaram, president and CEO of Total Management Systems, had worked with college and municipal officials for several years to build the upscale full-service hotel. Construction began in October 2017.

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Current Issue
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NUMBERS
Numbers
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Percent occupancy for U.S. hotels fell during the final week of June, ending at 75.5 percent, according to STR. ADR increased 1.4 percent year-over-year to $133.83 while RevPAR went up 0.9 percent to $100.99.
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Stonehill assists in debt restructuring for Florida hotel
The company, an affiliate of Peachtree Hotel Group, provided equity capital
News-2
The 182-room Hampton Inn & Suites Panama City Beach in Panama City, Florida, is owned by Gulf Breeze, Florida-based Innisfree Hotels. Stonehill, an affiliate of Peachtree Hotel Group, provided capital for Innisfree’s recent restructuring of its debt and equity on the property.
STONEHILL, AN AFFILIATE of Peachtree Hotel Group, recently assisted in Gulf Breeze, Florida-based Innisfree Hotels’ debt restructuring for its Hampton Inn & Suites Panama City Beach in Panama City, Florida. Peachtree Hotel Group is led by Mitul Patel, Jatin Desai and Greg Friedman.
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GRAPHIC OF DAY
Hotel stock index rises 6.2 percent in June
Graphic
THE BAIRD/STR Hotel Stock Index rose 6.2 percent in June after a shaky performance in May. Lifts in the overall stock market bolstered the hotel stock index, but concerns remain as hotels struggle to maintain their RevPAR, experts said.
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