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Hotel Brand Conversions
Hotel Brand Conversions: What Works and What Doesn’t by Chekitan S. Dev EXECUTIVE SUMMARY s many as one-third of U.S. hotels have been converted from one brand to another in recent years, a process that frequently improves the hotel’s financial performance—although that is not always the case. Using data collected between 1994 and 2012 from PKF Hospitality Research, an analysis of brand conversions by 260 hotels shows that hotels moving downscale generallyA improved their occupancy, and thus their top-line revenue and profit ratios, compared to a control group of 2,750 hotels that did not change brands. However, hotels that moved upscale did not see notable changes in revenue or profit, nor did hotels that moved across their tier, especially when they stayed within their brand family. Two factors seem to drive the financial results for converted hotels—the relative strength of the brand and the fit between the brand and the property. Cornell Hospitality Report • November 2015 • www.chr.cornell.edu • Vol. 15, No. 21 1 ABOUT THE AUTHOR Chekitan S. Dev, Ph.D., is associate professor of strategic marketing and brand management at the School of Hotel Administration. Recognized as a leading authority on strategic marketing and brand management, His award-winning research has been published in several peer reviewed journals, including the Journal of Marketing and Harvard Business Review. He has won all major hospitality research awards including the 2002 John Wiley & Sons award for lifetime contribution to hospitality and tourism research. Additionally, he has received several teaching excellence awards. A former corporate executive with Oberoi Hotels & Resorts, he has served corporate, government, education, advisory and private equity clients in over 35 countries on five continents as consultant, seminar leader and expert witness. -
2017 Disney 3V3 National Championships
2017 Disney 3v3 National Championships PRE-EVENT GUIDE* IMPORTANT TRAVEL INFORMATION: PLEASE READ & DISTRIBUTE TO ALL MEMEBERS OF YOUR TRAVELING PARTY *information is subject to change until Final Event Guide is published GET Sports |Excel |888-877-4445 option 3 | [email protected] | Mon - Fri 7:30 AM - 5:00 PM PST 1 Disney 3v3 National Championships January 14-16, 2017 Thank you for your joining us for the Disney 3v3 Soccer Championships event! We appreciate your participation and look forward to seeing you in January at the Walt Disney Word® Resort! TABLE OF CONTENTS To view the event accommodations & travel options, please visit our website at Updated:7-28-16 www.gettravel.com/disney3v3/. Welcome, Account Info, HOW TO LOG INTO YOUR GET SPORTS TRAVELER ACCOUNT & Housing Policy (p.2) To view your complete account information visit our website and log into your GET Sports Desk Hours account directly, please click here. Enter your last name, and your traveler ID & Important Hotel number. Please ensure all names in room are correct, ticket types purchased, Informaiton (p.3) flight information, etc. Theme Park Ticket *If you have trouble viewing your account or want to discuss or request a change, Information (p.4) please call or email one of our expert customer service representatives MyMagic+ Info & 2017 DISNEY 3v3 OFFICAL HOUSING POLICY Importnat Things to Know (p.5) MANDATORY Housing Policy: Hotel Addresses (p.6) U.S. And Puerto Rico based teams, except as noted below, are subject to book lodging through the Disney designated travel provider, GET Sports, as a condition to compete at the event. -
Proposed Downtown Berryville Hotel
Proposed Downtown Berryville Hotel Berryville, Virginia 22611-1315 NKF Job No.: 19-0004412 Feasibility Study Prepared For: Mr. Nathan Stalvey President Berryville Main Street 23 East Main Street Berryville, VA 22611-1315 Prepared By: Newmark Knight Frank Hospitality, Gaming & Leisure Group Valuation & Advisory 1350 Euclid Avenue, Suite 300 Cleveland, OH 44115 1350 Euclid Avenue, Suite 300 Cleveland, OH 44115 July 19, 2019 Mr. Nathan Stalvey President Berryville Main Street 23 East Main Street Berryville, VA 22611-1315 RE: Feasibility Study of a Proposed Downtown Berryville Hotel Downtown Berryville , Berryville, Virginia NKF Job No.: 19-0004412 Newmark Knight Frank Valuation & Advisory, LLC has prepared a feasibility study of the referenced property in the following report. Summary of the Proposed Subject Property The feasibility study considers development of a proposed hotel in Downtown Berryville on or proximate to Main Street. The subject site has average access to major roadway (State Route 7) because of its proposed location in downtown Berryville's Main Street district, limiting its visibility and ease of ingress and egress from a major roadway. While the proposed site is proximate to some demand generators, the low density of commercial developments in the area is projected to be a weakness. Leisure attractions in Berryville and Clarke County including vineyards, historic manors and event venues, and Barns of Rose Hill will help mitigate this weakness. Visibility is considered to be average, relative to other historic downtown locations, due to its proposed multi- level configuration, assumed signage, and on or proximate to Main Street. State Route 7, which connects Berryville to neighboring Winchester and Leesburg, is less than a mile north from central downtown. -
Back INN Style?
HYLodging2002.qxd 1/16/02 12:54 PM Page 3 High Yield Lodging Research January 2002 High Yield Lodging Outlook 2002 Back INN Style? Jason N. Ader (212) 272-4257 Jason M. Kroll CFA (212) 272-9621 Trip McCoy (212) 272-8821 High Yield Lodging Outlook 2002 January 18, 2002 Table of Contents Investment Thesis .............................................................................................. 4 Is the Lodging Industry Poised for a Turnaround?.................................................... 5 What is the Credit Outlook?................................................................................ 10 How Are Current Trends? ................................................................................... 13 Relative Value Analysis...................................................................................... 15 Company Updates Boca Resorts, Inc.............................................................................................. 17 Extended Stay America, Inc................................................................................. 24 FelCor Lodging Trust .......................................................................................... 34 Host Marriott, LP .............................................................................................. 45 MeriStar Hospitality Corp. ................................................................................... 56 Prime Hospitality Corp........................................................................................ 66 Starwood Hotels & Resorts -
Best Non Disney Hotels on Disney Property
Best Non Disney Hotels On Disney Property Riley is obtrusive and adumbrated bulkily while unloved Adnan distress and overstretch. Disabused Christos sometimes saps his disseisin full-faced and lustrating so swith! Weeded Pinchas overprize contradictively. Sure others provide to on hotels when you Happily Ever After no longer happens every night, but we are hopeful it will make a comeback one day! Generally the same rates are offered for the Canadian equivalent, CAA. The best way to stay on top of these is to follow them on Twitter or to set up custom alerts. Scott got tired at the ultimate vacation! Disney Addicts is your home for the best in Disney Travel Tips and More. This is our first visit for all of us. MOAT Fraudulent Traffic Detected! If budget is a big factor for your family, you can get a lot more bang for your buck the further you go from the amusement parks. The Contemporary Resort is one of the classic Disney World hotels on the monorail track. We best hotels to get around disney world tickets to the same way to collect my kids have put some of cuisine that there is a really are. Also, which month has better weather? Function that tracks a click on an outbound link in Analytics. You can purchase syndication rights to this story here. What Happens to my Reservation if Disney Prices Increase? Edge at Hollywood Studios WAS AMAZING! Behind the Ride book series. Rose Gold is back! For dinner: cioppino, braised short rib, and New York strip. What is the Gumball Rally? Hyatt House a better points value. -
Lodging Feasibility Study
Payette, ID Lodging Feasibility Study For more information regarding this report, contact: [email protected] [email protected] Table of Contents Introduction/Objective …………………………………………………..…………………………………………….3 Executive Summary …………………………………………………………………………………………………………………………4-10 Property Segment Property Size Room Rate Property Features, Amenities, and Services Recommended Sleeping Room Configuration Economic Impact Potential Lodging Demand Analysis Ramp Up Year Projections 1-5 Year Projection Market Demand Area SWOT: Community Feedback Site Analysis ………………………………………………………………………………………………………………………….11-16 Development Sites & Maps AADT - Annual Average Daily Traffic Economic Overview ……………………………………………………………………………………………………………17-20 Population Effective Buying Income Workforce/Employment Distribution Unemployment/Labor Supply/Wage Pressures Transportation Information Lodging Demand …………………………………………………………………………………………………………………..21-30 Market Segmentation Events and Attractions Community Interviews Lodging Supply ……………………………………………………………………………………………………………………..31-50 Competitive Hotel Properties Peak and Low Season Projected Average Daily Room Rate & Positioning Historical and Projected Market Performance Local and Competitive Set Surveyed Lodging Details STRDRAFT Data Trends & STR Chain Scales Hotel Market Feasibility Study Introduction Payette, ID The following Comprehensive Lodging Feasibility Study Report will review the potential development of a hotel in Payette, ID. Core Distinction Group LLC (CDG) has been -
Local Hotels
CULPEPER AREA HOTELS Holiday Inn Express & Suites 787 Madison Road, Culpeper HITS welcomes Holiday Inn Express of Culpeper! The new hotel in town offers premium lodging with free local phone calls, high speed Internet, flat screen tvs in each room, heated indoor pool and fitness room. Daily complimentary breakfast features eggs, biscuits, sausage, gravy, fruit, coffee, juices, omelets, cereals, breads, pastries and their signature cinnamon rolls. 540.825.7444 Fax: 540.825.4449 www.holidayinnexpress-culpeper.com Microtel Inn & Suites 885 Willis Lane, Culpeper Microtel's brand new luxurious accommodations are pet friendly (nominal pet fee required) and offer free wired and wireless high speed Internet in every room. A deluxe continental breakfast awaits you every morning. Single rooms to Suites are available as well as all the amenities you may need to round out your horse show experience. 540.829.0330 www.microtelinn.com Best Western Culpeper Inn (formerly Holiday Inn) Route 29 South, Culpeper Comfortable and attractively furnished guest rooms. In-room coffee maker, refrigerator, iron and ironing board and guest laundry facilities. We also offer outdoor swimming pool, patio area & full breakfast buffet with stay at the hotel. Sorry, but we do not allow pets. 540.825.1253 800.937.8376 www.bestwestern.com Prince Michael Suites | 800.800.WINE Red Carpet Inn | 540.928.6700 Rodeway Inn | 540.825.8088 Sleepy Hollow | 540.825.8396 Lord Culpeper Hotel | 540.829.6445 Culpeper Motor Court | 540.825.2255 Bed & Breakfasts in Culpeper Barn at BallyCedars -
Hotel Franchise Fee Guide
APRIL 2011 | PRICE $750 2011 UNITED STATES HOTEL FRANCHISE FEE GUIDE Stephen Rushmore, MAI, FRICS, CHA President & Founder Michael L. Mele Consulting & Valuation Analyst Chu Y. Xu Consulting & Valuation Analyst www.hvs.com HVS Global Hospitality Services | 369 Willis Avenue, Mineola, NY 11501, USA 2011 U.S. Hotel Franchise Fee Guide The purpose of this U.S. Hotel Franchise Fee Guide, prepared by HVS, is to provide a comparative review of various hotel franchise brands based on the applicable franchise fees. The selection of an appropriate franchise affiliation affects a property’s ability to compete in the local market, generate profits, achieve a certain image or market orientation, and benefit from referral business. Because the success of a hotel is based primarily on the cash flows it generates, owners and lenders must weigh the benefits of a brand affiliation against the total cost of such a commitment. We note that the fees outlined herein apply only to hotels operating in the United States. Types of Hotel Franchise Fees Brand attributes play a crucial role in an investor’s decision to acquire or change a franchise affiliation. When evaluating a potential hotel franchise, one of the important economic considerations is the structure and amount of the franchise fees. Second only to payroll, franchise fees represent one of the largest operating expenses for most hotels. Hotel franchise fees are compensation paid by the franchisee to the franchisor for the use of the brand’s name, logo, goodwill, marketing, and referral and reservation systems. Franchise fees normally include an initial fee with the franchise application, plus continuing fees paid periodically throughout the term of the agreement. -
We Are America's Travel Industry, A
The Honorable Mitch McConnell The Honorable Nancy Pelosi Majority Leader Speaker of the House of Representatives United States Senate United States House of Representatives Washington, DC 20510 Washington, DC 20510 The Honorable Charles Schumer The Honorable Kevin McCarthy Minority Leader Minority Leader United States Senate United States House of Representatives Washington, DC 20510 Washington, DC 20510 March 20, 2020 Dear Leader McConnell, Leader Schumer, Speaker Pelosi, and Leader McCarthy: We are America’s travel industry, an economic sector that directly employs 9 million American workers and supports a total of 15.8 million jobs. The travel and tourism industry—including but not limited to transportation, lodging, recreation and entertainment, food and beverage, meetings, conferences and business events, travel advisors, destination marketers—is comprised of businesses of all sizes, but the vast majority, 83%, are small businesses. Together we are grappling with the immediate and devastating impact of the current health crisis. Furloughs of American travel workers are happening right now. Travel to and within the United States has essentially ground to a stop due to the actions needed to halt the spread of coronavirus. Aggressive financial relief is needed immediately. Taking care of our employees will always be our top priority, but the hard fact is we cannot continue supporting them through this disaster without relief. To that end, we greatly appreciate and strongly support provisions in the ‘‘Coronavirus Aid, Relief, and Economic Security Act’’ that provide: • $300 billion for enhanced Small Business Administration (SBA) loans distributed through an expedited process and can be partially forgiven for employee retention; and • Tax relief to mitigate economic losses, including deferral of tax liability, extension of the Net Operating Loss deduction, and delay of estimated tax payments. -
Stay Planning Assistance Places and Spaces
49 Court Street, Suite 200, Binghamton, NY 13902 Conveniently located at the intersection of three interstates in Manager of Convention Sales the center of New York state, Greater Binghamton is just a few GINA [email protected] hours drive away from many East Coast cities and Canadian (800) 836-6740 x326 metro areas. It’s the perfect place to meet and your guests will CALISI make great memories enjoying the nightlife, restaurants, arts, activities, shopping and attractions. STAY PLANNING ASSISTANCE Greater Binghamton offers more than 2,500 hotel rooms Take advantage of FREE meeting and event planning and plenty of spaces for special events. services from the Greater Binghamton Convention & DoubleTree by Hilton Binghamton – 30,000 square feet Visitors Bureau. Let our expert staff assist you with: • 204 rooms • 25 meeting rooms • Site selection and inspections • 1,100-seat theater • 630-seat banquet area • Housing Holiday Inn Binghamton – 14,000 square feet • Publicity • 237 rooms • 11 meeting rooms • Registration • 800-seat theater • 500-seat banquet area • Spousal programs • Formal presentations Other great options include: • • And much more – FREE! The Best Western Plus of Johnson City • Binghamton Courtyard by Marriott • Comfort Inn PLACES AND SPACES • Comfort Suites • Econo Lodge Inn & Suites Binghamton University Events Center • Fairfield Inn www.eventscenter.binghamton.edu • Hampton Inn of Binghamton/Johnson City • Finest athletic facility in the region can also be configured • Hampton Inn & Suites – Binghamton/Vestal for large stage production • Holiday Inn Express & Suites – Binghamton University/Vestal • 50,000 square feet on Events level • Homewood Suites by Hilton • Additional 15,000 square feet on Concourse level • Howard Johnson Inn & Suites • Accommodates up to 190 11’ x 11’ booths • Knights Inn • Seats up to 8,000 • La Quinta Inn • Motel 6 Floyd L. -
Accommodations
MOTELS, HOTELS, AND BED-AND-BREAKFASTS The 20 places on this list range in distance from IUP from a half-mile to 47.5 miles, and in price from $25 to $139. There are enough rooms to accommodate everyone—but anyone wanting to stay in Indiana and thus not have to drive from a distance should make your reservation as early as possible this fall, as rooms are limited in Indiana. If in doubt, make a reservation now! If you end up not being able to make the trip, you can always cancel late in the game according to standard motel cancellation policies—but if you wait until you’re sure that you can come before calling to make a reservation, you’re less likely to be able to stay where you’d like to. When you call, ask for the special “Appalachian Studies conference rate.” Book early no matter where you want to stay, as these special rates all have cutoff dates, and are unlikely to be available after mid-February. When more than one price is listed, that means that the price depends on what kind of room you want. Places appear below in the order of their driving time to IUP (which ranges all the way from a four-minute walk to a 55-minute drive). Click on the Web links below to take you to the individual websites of the motels. INDIANA 4 minutes, .5 mile (only place within walking distance): $100 (but see below), Heritage House Suites, 724-463-3430, 209 South 6th Street, Indiana, PA 15701, http://www.heritagehousesuites.com/. -
Hospitality International, Inc
HOSPITALITY INTERNATIONAL, INC. 1726 MONTREAL CIRCLE TUCKER, GEORGIA 30084-6809 800-247-4677 P R E S S R ELEASE FOR IMMEDIATE RELEASE Contact: Hospitality International, Inc. Christine Bartha at 1-877-444-0073, [email protected] HOSPITALITY INTERNATIONAL, INC. WELCOMES RED CARPET INN & SUITES, CLEARFIELD, PENNSYLVANIA Tucker, GA-March, 19 2008, Hospitality International, Inc., is pleased to announce the addition of Red Carpet Inn & Suites, 150 Hotel Heights, Clearfield, Pennsylvania, to the Hospitality International franchise system. With easy access to Interstate 80, Red Carpet Inn and Suites, Clearfield is centrally located, near many local attractions and points of interest such as Black Moshannon State Park and the Clearfield County Fair, which regularly attracts some of the biggest acts in music and entertainment. Lock Haven University of Pennsylvania (Lock Haven University) and the DuBois-Jefferson County Airport are both just minutes away. Outdoor activities are plentiful at nearby Treasure Lake, where visitors can enjoy horseback riding, tennis, fishing, swimming and boating. In addition, guests can enjoy time on the links at the two PGA rated golf courses and driving range. Additional nearby attractions include the Clearfield County Historical Society and Museum, Curwensville Lake and Central PA Speedway. The surrounding area offers a variety of shops, restaurants and cocktail lounges, including Sapps Brother's Cafe and Truck Stop which is directly across the street. -more- Hospitality International, Inc., located in Tucker, Georgia, a suburb of Atlanta, is the exclusive franchisor of Scottish Inns, Red Carpet Inn, Master Hosts Inns, Passport Inn and Downtowner Inns. Incorporated in 1982, Hospitality International currently franchises more than 300 lodging establishments, representing 15,000 rooms in the United States, Canada, and the Caribbean.