Vol. 7 No. 291 About   |   Contact   |   Advertise August 07, 2019
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Three top hotel companies see strong first half of 2019
Marriott, Hilton and IHG expanded portfolios and saw higher RevPAR
Marriott International, Hilton Worldwide Holdings and InterContinental Hotel Group (owner of the Holiday Inn brand) saw strong performances in the first half of 2019.
THE FIRST HALF of 2019 ended on a high note for three of the world’s largest hotel companies. Marriott International and Hilton Worldwide Holdings reported strong second quarter results while InterContinental Hotel Group said it reached several expansion goals in the first half of the year.

IHG saw its net system size grow 5.7 percent in the first half of the year, its best first-half performance for openings and signings in more than a decade. That increase brought the company to more than 5,700 hotels and 856,000 rooms worldwide.

That is the culmination of strategic initiatives the company set 18 months ago to accelerate its growth, said IHG Global CEO Keith Barr in a statement to investors.
Insiders Dakshesh Patel has joined LTD Hospitality Group of Virginia Beach, Virginia, as director of investments and strategy. This is a new position for LTD Hospitality Group, of which Neel Desai and Malay Thakkar are managing principals.

openings The dual-branded Residence Inn and Fairfield Inn & Suites San Jose North/Silicon Valley is now open in San Jose, California. It is owned by Mountain View, California-based InfiniPower Hospitality Group under the leadership of founder and CEO Devang Shah.
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Hotels fuel downtown Memphis commercial growth
Asian Americans among developers changing the streetscape in Home of the Blues
Kemmons Wilson Cos. and the Henry Turley Co. will open The Central Station Hotel this fall as part of Hilton’s Curio Collection.
DOWNTOWN MEMPHIS IS on the brink of a commercial real estate explosion, and hotels are helping to fuel the revival.

Leading the renaissance is Union Row, a $950 million project that will transform a block of vacant or underutilized properties into apartments, office and retail space. Kevin Adams of Big River Partners is leading the project, which will also include a 200-room hotel.
NewcrestImage opens two of four hotels planned for mixed-use development
AC Hotel-Residence Inn dual brand brings 300 rooms to Frisco Station; another 300 rooms in the works
NewcrestImage opened a dual-brand AC Hotel and Residence Inn on Aug. 2 in Frisco, Texas.
NEWCRESTIMAGE IS HALFWAY to completing a four-hotel campus to complement a $1.5 billion mixed-used development in Frisco, Texas.

he metro-Dallas-based hotel developer, owner and manager, on Aug. 2 opened its dual-branded AC Hotel and Residence Inn in Frisco Station. The 240-acre project that will have apartments; office, retail and dining space; medical and wellness facilities; and parks and recreation.
Current Issue

The percent of growth in terms of projects for the U.S. hotel pipeline in the second quarter of 2019, according to Lodging Econometrics. Read More...
NexGen Hotels adding extended-stay hotel to shopping center
TownePlace Suites at Fountain Square in Waukegan, Illinois, to open next summer
This is a rendering of a TownePlace Suites, an upper-midscale extended-stay hotel by Marriott International, that NexGen Hotels’ Principal Chris Patel handed out in June 2018 during a meeting of the Waukegan, Illinois, planning and zoning commission, reported the Chicago Tribune.
NEXGEN HOTELS OF Schaumburg, Illinois, has begun development of an extended-stay hotel.
USTA: U.S. continues to lose share in international travel market
MOST GLOBAL TRAVELERS, 86 percent, are satisfied with their overall business travel experiences, the Global Business Travel Association Business Traveler Sentiment Index reveals. This despite GBTA’s finding that 54 percent of business travelers have experienced a mishap, including a delayed or cancelled flight, while on the road for work last year.
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