Chatham Lodging and Cerberus Capital Complete Acquisition of Innkeepers USA Trust’s 64 Hotels for $1.02 billion
Upcoming Opening of the Hospitality Asset Managers Association Asia Pacific
Media Release: Hospitality Asset Managers Association (HAMA) has given its approval for the opening of Hospitality Asset Managers Association Asia Pacific and the application with Singapore Registry of Societies (ROS) will proceed.
HAMA is the preeminent organization of professionals representing hotel ownership worldwide. Our mission is the enhancement of hospitality asset value through education advancement of the profession and serving as the collective voice of ownership. The region served by the new Association covers the entire Asia Pacific, comprising 56 economies throughout Asia and Oceania. HAMA Asia Pacific classifies these economies into four regions South, Southeast, Central-east, and Oceania.
The HAMA Asia Pacific is directly affiliated to HAMA USA, which was formed in 1991 with the principal objective of creating a unified voice for hotel owners. The organization, which started with six founding members, is now a professional body consisting of 175 members. Owners represented in HAMA have approximately 3,200 hotels and 750,000 hotel rooms.
“As the profession develops, it was a logical evolution to open HAMA Asia Pacific”, says President HAMA Asia Pacific and Managing Director of Global Asset Solution, Alex Sogno. “We have many talented hotel asset managers already involved and the criteria for admission will match HAMA USA”
“HAMA Asia Pacific members will meet twice a year, one day prior large hotel investment conferences in the regions,” says Vice President HAMA Asia Pacific and Senior Vice President – Asset Management, Jones Lang LaSalle Hotels, Tasos Kousloglou. “Panelists will include decision-makers on capital investments, renovation, repositioning of assets, operational policies and selections franchise”.
For more information about HAMA Asia Pacific visit www.hamagroup.org.
For further information please contact:
Alex SOGNO
Tasos KOUSLOGLOU
61 Club Street, Singapore 069436
415 Hamurana Road, RD2, Rotorua 3072, New Zealand
Phone:
+64 21 127 9076
sogno@globalassetsolution.com
+65 91 383737
Tasos.Kousloglou@ap.jll.com
Upcoming Opening of the Hospitality Asset Managers Association Asia Pacific
New breed of investors eye “wall of distress” as hotel debts go unserviced
According to leading hospitality experts Andrew Sangster, Nick Doffman and Clive Hillier, new private equity ‘opportunity funds’ (sometimes called vulture funds), have gathered billions of dollars to sweep up distressed hotel property. As banks finally let go of their ‘underwater’ deals – we may be about to see a wall of distress coming to market. This long awaited event signals new opportunity… VIDEO
Exclusive Video: Four Seasons confident about Queenstown resort
Interesting video from Four Seasons:
Online distribution and marketing best practices
The hotel industry has just experienced the most tumultuous two years in its history, underscored by epic downturns in both occupancy and average daily rate, and then followed by a swift recovery in many markets during the past few quarters. As the dawn of 2011 approaches, demand has returned to many markets—in some cases to pre-recession levels. Owners and operators are eager to see rates rebound and drive profitability back into the industry.
As the race to recovery continues, many are talking about the role and value of online travel agencies and other online sites in a hotel’s distribution strategy. As you think about this issue for your hotel or hotels, consider these best practices for working with these partners.
TripAdvisor Back From Its Google Vacation
Last week it appeared that hotels reviews site TripAdvisor was blocking Google from showing its content on Places Pages. TripAdvisor never confirmed that it was doing so and Google attributed the absence of TripAdvisor reviews on Places to a technical problem.
However what you might call “circumstance evidence,” as well as comments made by TripAdvisor CEO Stephen Kaufer to the Wall Street Journal this weekend, seem to confirm the site’s displeasure with Google:
“Google does seem to be chasing us and I don’t like it one bit,” said Mr. Kaufer, adding that he has been negotiating with Google for about two months to try to improve his situation.
TripAdvisor is part of the coalition of travel sites opposing the ITA acquisition as well.
This dance of ambivalence is likely to continue as key local and vertical content publishers try to maximize traffic from Google without providing too much to render unnecessary visits to their sites. Yelp went through a version of this and appeared to resolve its differences with Google. Now TripAdvisor seems to have done the same. Who’s next?
Free Hotel Breakfasts Spark More Than Appetite | ehotelier.com News Archives
Poll Results
What is your favorite hotel amenity?
- Free breakfast, 56%
- Free Wi-Fi, 28%
- Pool, 12%
- Exercise room, 5%
Results based on a nonscientific CNN.com poll. About 11,000 people clicked on the survey October 12-19. RELATED TOPICS
- Hotels
- Travel and Tourism
- Food and Cooking
Free Hotel Breakfasts Spark More Than Appetite | ehotelier.com News Archives.
Faculty Position at Cornell University: Hospitality Property and Asset Management
Position description: The Cornell University School of Hotel Administration invites applications for a non-tenure-track Lecturer appointment to deliver courses related to managing physical assets in the hospitality industry. The successful candidate will be expected to teach required and elective courses, advise students on career options in the field, and maintain industry contacts. We offer a collegial environment at the foremost program of its kind and an energetic faculty with a variety of intellectual interests and close ties to the hospitality and academic communities.
The primary role for this position is to teach a required, junior-level core course in Hospitality Property Management covering the following:
- the roles and responsibilities of the owner, operator, brand, and asset manager;
- approaches to assessing a property’s physical condition as part of the acquisition process;
- strategies for protecting and conserving the physical asset, including renovation planning and management, and
- the environmental impact of hospitality facilities and current trends toward sustainability in operations.
There is also opportunity to develop additional required and elective course in this area based on the successful candidate’s interests and expertise.
Qualifications: Candidates should have at least a Master’s degree in a built-environment or business field (Hospitality Administration, Real Estate, Construction Management, Architecture, or other related discipline), five or more years of property-based asset management experience, and be professionally certified within their specific field. This position would particularly suit an industry professional looking to transition to academia.
Rank and salary: The Lecturer position is a three-year, renewable appointment to begin in August 2011. Rank and salary will be determined based upon academic achievement and experience. Appointments are non-month terms with attractive fringe benefits.
Institution: The School of Hotel Administration, one of seven undergraduate colleges at Cornell University, has approximately 800 undergraduate and 70 graduate students. Founded in 1922, it is the oldest hospitality management program in the world, with a resident faculty of approximately 70 and over 8,000 alumni worldwide. The School of Hotel Administration is located at the center of the Cornell campus in Statler Hall, which includes offices, classrooms, computer and food laboratories, a hospitality management library, and the 150 room Statler Hotel and J.W. Marriott Conference Center-a management laboratory for the students of the School.
Application: forward me a note and I will send you the details. Please check also check http://www.hotelschool.cornell.edu/
Extended Stay Hotels Exits Chapter 11 with Strengthened Balance Sheet and Renewed Outlook for the Future :: Hotel News Resource
Extended Stay Inc. announced that it has successfully emerged from Chapter 11 protection. An investment group including Centerbridge Partners, L.P., Paulson & Co. Inc. and Blackstone Real Estate Partners VI, L.P. has purchased 100 percent of the Company for $3.925 billion in connection with the Plan of Reorganization confirmed by the Bankruptcy Court in July.
Alex Sogno - Industry Leader in Hotel Asset Management
