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HOSPITALITY TRENDS

Holiday Inn | April 23, 2021

Ken Hamlet, the former CEO of Holiday Inn, intends to use a $500 million war chest to acquire limited-service hotels (those without facilities such as a restaurant or spa) and reposition them as properties with a more upscale customer experience. Consider it adding more of the Four Seasons experience to roadside hotels, as Hamlet put it. He was CEO of Holiday Inn for nine years in the 1980s and early 1990s, and during that time the business was purchased by IHG and ...

HOSPITALITY TRENDS

BitNile Holdings, Inc. | December 27, 2021

(NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), announced that its subsidiary, Ault Alliance, Inc. (“Ault Alliance”) has, through its subsidiary Ault Global Real Estate Equities, Inc. (“AGREE”), acquired three hotels located in Middleton, WI, a suburb of Madison, and one hotel in Rockford, IL. Consisting of an aggregate of 526 rooms, the acquisition includes two Marriott hotels (a Courtyard by Marriott and a...

TRAVEL TECHNOLOGY

Sabre Corporation | January 11, 2022

Sabre Corporation (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, and Aviatur, Colombia's leading travel agency and one of the largest in Latin America, announced a new multi-year preferred GDS agreement to support the agency's growth plans, transform its business, and increase efficiencies. Throughout the pandemic, Aviatur has been focused on transforming its business with technology to continue innovating in ...

HOSPITALITY TRENDS

388 Venture | May 27, 2022

Following extensive renovations, three storied boutique properties located in downtown Lenox are reopening together as part of The Lenox Collection, a newly reimagined family of inns connected by their deep historical roots in the town and elevated contextual design. As part of the reopening is Ophelia's, a 66-seat restaurant and bar offering farm-to-table comfort food in an intimate indoor-outdoor setting, with locally sourced ingredients and curated cocktail list. New York-based firm 388 V...