Motivation Excellence | November 07, 2022
With the ever changing, and nightmarish, travel scene right now, having a personalized itinerary with up-to-date adjustments as needed in the palm of your hand is exciting! Group incentive travel programs operating through Motivation Excellence all include Inspire, our fully customizable and personalized mobile travel site.
Features of Inspire include:
personalized air, land and event itineraries
airline and customs information
text messaging alerts
interactive photo gallery
"This is something no other incentive company has at their disposal. The personalized itineraries is a game changer for our industry. Plus, we can customize the app in a number of ways to make it truly unique to our clients' needs and travel destination,"
-Brad Hecht, VP Travel at Motivation Excellence.
For a quick overview of Inspire please watch the video on our Motivation Excellence homepage.
Motivation Excellence is a performance improvement agency. We use a variety of award solutions to inspire extraordinary performance among our clients' participants. Through a deep dive into each client's particular situation, we develop a comprehensive plan to meet goals and drive peak ROI.
"I'm extremely confident Inspire adds incredible value to our travel programs. Our own people built it and it's already part of the travel solution; there's not an upcharge for this technology. This represents our commitment to our clients and their most deserving participants,"
-David Jobes, President and CEO of Motivation Excellence.
For more information, please contact our Strategic Marketing Manager, Sky Z. Capriolo at email@example.com.
DESTINATION AND TOURISM
Taconic Capital Advisors LP and HEI Hotels & Resorts | December 05, 2022
Taconic Capital Advisors LP (“Taconic”) and HEI Hotels & Resorts (“HEI”), announced that they have jointly acquired Hyatt Regency Jersey City from affiliates of Hyatt Hotels Corporation (NYSE: H) and Veris Residential Inc. (NYSE: VRE). The property is a full-service, 351-key hotel located adjacent to Exchange Place situated on a pier extending over the Hudson River in Jersey City, NJ.In conjunction with the purchase, Taconic and HEI were successful in assuming a $100 million fixed-rate CMBS mortgage with ample remaining term. The hotel was completed in 2002 and more than $15 million in subsequent upgrades have been performed since 2010. Major enhancements to the guestrooms, food and beverage outlets and event spaces are expected to commence under the new ownership.
Hyatt Regency Jersey City occupies fee simple real estate with unmatched and undisturbed views of the Manhattan Skyline. The property features well-appointed guestrooms, a state-of-the-art gym and indoor heated pool, a restaurant and lounge and 20,000 square feet of meeting space that has long served as a popular venue for corporate retreats, weddings, and social gatherings. The hotel is centrally positioned amongst 28 million SF of office space within a one-mile radius and is conveniently located near world-famous attractions, including the Statue of Liberty, Ellis Island, One World Trade and the 9/11 Memorial.
“We are pleased to further our partnership with HEI and begin an exciting relationship with Hyatt. Hyatt Regency Jersey City was a compelling opportunity to acquire a world-class hotel with a strong segmentation mix and a diverse set of revenue contributors, The highly accretive assumable financing allowed us to continue our thesis for well-located urban, upscale hotels in an otherwise prohibitive financing environment.”
-Andrew Lam, a Director in Taconic Capital Advisors’ Commercial Real Estate Group
Hyatt Regency Jersey City is a wonderful property with a rich legacy that has greatly benefitted from Jersey City’s rapidly expanding corporate base as well as the revitalization of Hudson Yards and Lower Manhattan, said Clark Hanrattie, Partner at HEI. We are proud to team with Taconic on this important transaction and we are looking forward to making the hotel the very best it can be.
The joint acquisition of Hyatt Regency Jersey City follows Taconic and HEI’s March 2022 purchase of the Westchester Marriott in Tarrytown, NY, a 15-acre property that offers 444 guestrooms and 21 event rooms for a total of 26,700 SF of conference and meeting space, including a 9,000 SF ballroom. Over the past two years, Taconic has been involved in hotel transactions throughout the capital structure, spanning over 20 properties totaling more than 5,000 keys.
About Taconic Capital Advisors
Taconic Capital Advisors (“Taconic”) is a global institutional investment firm that pursues an event-driven, multi-strategy investment approach designed to generate strong, risk-adjusted returns over multiple market cycles. Taconic was founded in 1999 by former Goldman Sachs partners Frank Brosens and Ken Brody. The firm has approximately $8 billion of total assets under management with offices in New York, London and Hong Kong and more than 100 employees worldwide.
Taconic’s full-service commercial real estate platform invests in all asset classes and across the capital structure in both public and private markets. The strategy’s brand mandate offers flexibility to capitalize on shifting market opportunities, creating uncorrelated risk-adjusted return profiles for investors. Rooted in distressed and opportunistic investing, the team applies high-touch asset management capabilities to drive strong asset-level performance and capital market executions. Well-established relationships drive Taconic’s unique and diverse transaction sourcing channels which include local operating partners, investor partners, and a broad network of lenders, CMBC special servicers, trading desks, and brokerage houses.
Taconic’s series of closed-ended real estate funds are fully discretionary and have received over $1 billion in capital commitments. Investments to date across all Taconic funds total over $3 billion of gross asset value across approximately 175 distinct transactions.
About HEI Hotels & Resorts
Founded in 1985, HEI is an established expert on Luxury, Upper-Upscale, and Upscale hotels in Urban, Super-Suburban, and destination Resort locations across branded, soft-branded and independent lifestyle categories. The company’s portfolio currently includes 90-plus assets, representing more than 28,000 keys across approximately 30 different capital partners. HEI continues to be one of the most active investors in, and managers of, institutional-quality hotel assets across the US.
Le Meridien Hotels & Resorts | December 21, 2022
Nostalgic nods to the glamourous era of travel set in the iconic, cosmopolitan allure of New York City's most well-known avenue. Le Méridien Hotels & Resorts – part of Marriott Bonvoy's® portfolio of 30 extraordinary brands – introduces its newest outpost in New York City with the opening of Le Méridien New York, Fifth Avenue. Taking cues from the European-born brand's mid-century modern design aesthetic, the chic hotel is a 21-story architectural masterpiece featuring 165 beautifully styled guest rooms and 17 apartment-style residences for longer stays.
"Le Méridien has always inspired travelers to explore the world in style and savor the good life through the lens of its European spirit, and what better city to continue this legacy than in Manhattan, with our second hotel in the destination,As we continue to celebrate the brand's momentous 50th anniversary this year, we're delighted to expand on our global footprint and bring a distinct stay experience and chic signature programs to creative-minded travelers visiting New York City."
-Jennifer Connell, Global Brand Leader, Le Méridien Hotels & Resorts and Vice President, Distinctive Premium Brands, Marriott International.
Designed by Gene Kaufman Architect, the hotel's light-colored masonry façade and grid of windows with dark railings blend traditional elements with a modern flair. The timeless chic interiors, designed by Paul Vega and Vennie Lau of New Jersey-based design studio VLDG, pay homage to the neighborhood that was dominated by the textile mercantile trade in the 20th century. Bold geometric patterns, contrasting colors, and textured fabrics are woven into the hotel's design scheme and infused with iconic New York City cultural elements and modern, mid-century design details. Signature design details include curated artwork throughout the lobby, including a luminous acrylic wall sculpture, a textile column that merges units of color and patchwork to create a patterned field, and a scale map printed on wood acoustic walls.
Within the New York-inspired guest rooms, design takes shape with the brand's signature mid-century modernism along with custom murals that depict a map of Manhattan, with connecting waterways. Featuring a color palette with shades of grey and blue with pink accents for a cohesive aesthetic, the rooms – six of which have walk-out terraces – include the Le Méridien signature bed, MALIN+GOETZ bath products, 4K smart TVs, an elevated desk inspired by higher surfaces used by creative individuals, and more.
Serving as a focal point of the hotel's public spaces, the Le Méridien Hub is a gathering place and modern reinterpretation of the traditional hotel lobby, serving custom-brewed, barista-crafted coffee beverages during the day and sparkling cocktails in the evening at the signature Latitude/Longitude Bar. The property's all-day ristorante, Allora, specializes in seasonally inspired, regional Italian aperitivi and fare including its signature Miller's Wife Pasta. Additional amenities and services include a complimentary 24-hour health club with Life Fitness equipment, in-room dining, and more.
Located on Fifth Avenue between West 30th and West 31st, the new hotel is near some of the city's most notable sights including Empire State and Flatiron buildings, NoMad district, Herald Square, and not to forget, the famed Fifth Avenue shopping, and many more must-see, can't-miss attractions.
Le Méridien Hotels & Resorts participates in Marriott Bonvoy, the award-winning travel program from Marriott International. Marriott Bonvoy Members will earn points for their stay at the new hotel, and at other properties across Marriott Bonvoy's portfolio of 30 extraordinary brands, including all-inclusive resorts and premium home rentals, as well as through everyday purchases with co-branded credit cards. Members can redeem their points for experiences including future stays, Marriott Bonvoy Moments, or through partners for luxurious products from Marriott Bonvoy Boutiques. With the Marriott Bonvoy app, members enjoy a level of personalization and a contactless experience that allows them to travel with peace of mind.
To explore further and make a reservation, please visit www.Marriott.com/en-us/Hotels/NYCCMU-Le-Meridien-New-York-Fifth-Avenue.
About Le Méridien Hotels & Resorts
Born in 1960's Paris during an era of glamorous travel, Le Méridien® Hotels & Resorts continues to celebrate cultures around the world through the distinctly European spirit of savoring the good life. With over 110 hotels and resorts in more than 30 countries and territories, spanning from Maldives to Monaco and from Santa Monica to Sichuan, Le Méridien's engaging mid-century designed spaces coupled with chic signature programs put a playful twist on art, coffee, sparkling cocktails, summer, family, and inspire creative-minded travelers to explore the world in style. For more information, please visit www.lemeridien.com, and stay connected on Facebook, Instagram, and Twitter. Le Méridien is proud to participate in Marriott Bonvoy®, the global travel program from Marriott International. The program offers members an extraordinary portfolio of global brands, exclusive experiences on Marriott Bonvoy Moments, and unparalleled benefits including free nights and Elite status recognition. To enroll for free or for more information about the program, visit www.MarriottBonvoy.com.
About Marriott Bonvoy
Marriott Bonvoy's® extraordinary portfolio offers renowned hospitality in the most memorable destinations in the world, with 30 brands that are tailored to every type of journey. Members can earn points for stays at hotels and resorts, including all-inclusive resorts and premium home rentals, and through everyday purchases with co-branded credit cards. Members can redeem their points for experiences including future stays, Marriott Bonvoy Moments™, or through partners for luxurious products from Marriott Bonvoy Boutiques®. To enroll for free or for more information about Marriott Bonvoy, visit www.MarriottBonvoy.com