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FROM THE NEXT GENERATION OF HOSPITALITY LEADERS

Hotel Company Names New Vice President of Operations

Danika Smith-Josiah will provide support, training and guidance to general managers nationwide. Scarlett Hotel Group in Sarasota recently named Danika Smith-Josiah as its new regional vice president of operations. Smith-Josiah, who has been working for Scarlett for four years, will now lead hotel managers within the group’s portfolio of hotels, in areas such as property maintenance, asset protection, guest service, sales, accounting and budgeting. Prior to working at SHG, Smith-Josiah worked in hospitality leadership at

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Danika Smith-Josiah promoted at Scarlett Hotel Group

Scarlett Hotel Group (SHG) has promoted Danika Smith-Josiah to regional VP of operations. After starting at SHG four years ago, her leadership skills demonstrate the skill set required to move into an executive position, the company reports. This role will provide support, training and guidance to hotel general managers nationwide in SHG’s growing hospitality portfolio. In her new role, Smith-Josiah will lead the hotel managers of SHG’s portfolio of hotels, providing guidance and direction in

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First hotel in Gladstone opens its doors

A community desperate for lodging has had its wishes come to fruition. Gladstone’s first hotel has opened at 6901 N. Oak Trafficway. Not far from the city’s Linden Square development, the $15 million Fairfield Inn & Suites Kansas City North/Gladstone is part of the Linden Square community improvement district. The hotel features 111 guest rooms and 22 executive suites. Amenities on the property include an indoor swimming pool, fitness center, cocktail lounge and breakfast offerings.

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Scarlett Hotel Group Opens the Very First Hotel in Gladstone, Missouri

Scarlett Hotel Group (SHG) announced today that its newest hotel, the Fairfield Inn & Suites Kansas City North/Gladstone, built from the ground up, is fully operational and open for business. Scarlett Hotel Group, which owns and manages the hotel, worked with officials from the City of Gladstone to ensure that the new property would meet the needs of the city and surrounding area, and be a part of the community for years to come. Located at 6901

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River Walk hotel poised for $50 million transformation into luxury property

A longtime River Walk property is booking a total transformation at the hands of new owners. Announced June 10, the Wyndham San Antonio River Walk has been purchased by Scarlet Hotel Group in a joint venture with Trailbreak Partners, and a major makeover is planned. Now closed, the property will undergo a $50 million renovation and reopen in 2023 as San Antonio’s first InterContinental hotel. The forthcoming 4-star, luxury property will boast 390 guest rooms

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Scarlett Hotel Group & Trailbreak Partners Plan New InterContinental Hotel For San Antonio

Scarlett Hotel Group (SHG) announced today that the company has purchased the former Wyndham San Antonio River Walk, located at 111 East Pecan Street in San Antonio, as part of a joint venture with Trailbreak Partners. The new owners have closed the property to begin implementing plans for a $50 million overhaul of the hotel which will be transformed to a luxury, full-service, four-star, 390-room InterContinental hotel in early 2023. Hotel Background and Future Plans Located on

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Marriott Partners With Yahoo to Create Marriott Media Network

Marriott International, Inc., announced the launch of the Marriott Media Network, an omnichannel cross-platform advertising solution for brand advertisers, enabling content experiences and offerings to guests throughout their travel journey. For the network of owned channels, Marriott is collaborating with Yahoo. The network initially will offer brand advertisers exposure to travelers in the United States and Canada, expanding to travelers including all the more than 164 million members in Marriott Bonvoy. The network is expected

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Chatham Lodging Trust Announces the Closing Sales of Four Hotels

WEST PALM BEACH, Florida—Chatham Lodging Trust announced the closing of the sales of four hotels comprising 537 rooms for aggregate proceeds of approximately $80 million. Including near-term capital expenditure requirements, the aggregate sales proceeds would equate to an approximate 2 and 6 percent capitalization rate on net operating income for 2021 and 2019, respectively. The four hotels comprise the following: 180-room Hilton Garden Inn, Burlington, Massachusetts 100-room Courtyard by Marriott Houston West University 120-room Residence

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Cost Control: Hotels Continue Adjusting Approach to Labor Costs

The pandemic has affected all aspects of hotel operations, including cost allocation and staffing practices. With labor remaining a moving target for the industry, STR’s monthly profitability data for the United States reflects many of the trends and tactical changes that have been discussed during recent conferences—and likely, internal strategy meetings. In 2019, labor costs were split on average into 71 percent wages and 29 percent benefits, which is closely in line with the annual

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Flexible Accommodations: The Pad Openings

Along the Blue River running through the Rocky Mountains, The Pad recently opened its 101 beds to travelers visiting Silverthorne, Colorado, and the surrounding area. Partially constructed from 18 upcycled shipping containers, the boutique hotel and hostel combo is set to become Summit County’s first Certified B Corporation. BraytonHughes Design Studios, the design consultant for the project, used a mountain modern concept for the interior guestrooms, which include deluxe rooms with private balconies, shared hostel-style

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STR: Weekly U.S. Hotel Occupancy Declined While ADR Increased

HENDERSONVILLE, Tennessee—U.S. hotel occupancy declined from the previous week, while average daily rate (ADR) increased slightly, according to STR’s latest data through May 7, 2022. U.S. Hotel Performance May 1-7, 2022 Percentage change from 2019 comparable week: Occupancy: 63.9 percent (down 6.1 percent) ADR: $147.24 (up 12.0 percent) RevPAR: $94.10 (up 5.1 percent) Among the Top 25 Markets, San Diego saw the highest occupancy increase over 2019 (up 5.6 percent to 74.5 percent). Chicago experienced

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Fluctuating Fees: The Impact of the COVID-19 Industry Recession on Management Fees

Hotel management contracts typically include two primary components of compensation for the management company—a base fee and an incentive fee. The base management fee is generally derived as a percentage of total revenue. In addition, owners may pay the management company an incentive fee once they reach a designated profit threshold. The incentive fee is designed to make management more conscious of the bottom line since owners achieve their returns and pay their debts from

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