January is Human Trafficking Awareness Month, and AAHOA is committed to promoting awareness of human trafficking by educating hoteliers on how to spot and report any suspicious activity. We encourage all members and their staffs to take advantage of one of AAHOA's FREE training options during the month of January. Click here to view available training options.
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AAHOA is proud to partner with IMN for the 2nd Annual New Hotel Construction & Development (East) Conference on February 25-26, 2019 in New York City. At this conference, subject matter experts will share their insights about investing, financing, and executing new hotel construction in some of the top markets for development. Learn more and register for this conference by clicking here.
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Town Halls are a great opportunity to build your professional network and to learn more about the AAHOA programs and resources available to help you strengthen every aspect of your business. These events are open to all hotel owners, even if you're not already a member. Coming up soon:
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As SunTrust Robinson Humphrey wrote, “Upper Midscale (+8.8%) was the strongest chain scale for branded hotels; Luxury was the weakest at -4.6%. Midscale (+3.9%) underperformed the industry average. Results were extremely variable last week, both in terms of segmentation and results by chain scale. We believe this is largely attributable to two factors: 1) the shift of Christmas to a Tuesday in 2018 from a Monday in 2017 and 2) higher volatility in results given the very low occupancy week.” For more, read the full report.
AAHOA partners with SunTrust Robinson Humphrey (STRH) to provide access to comprehensive analysis of current economic and market metrics for the hospitality industry. STRH is a leading, full-service corporate and investment bank dedicated to helping its customers successfully manage and grow their companies through a comprehensive range of strategic advisory, capital raising, risk management, financing and investment solutions.
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Meridian One specializes in providing associations, chambers, and other member organizations with best in-class savings programs to offer their members. Our core mission is to add value and savings to the member experience and offerings, further engage members with relevant industry-specific content, and increase the association’s non-dues revenue stream.
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Red Roof is a leader in the economy lodging industry with franchised, corporate-managed, and corporate-owned properties, serving millions of guests each year. With coast-to-coast locations, Red Roof has over 360 properties in the U.S. The primary goal at Red Roof is to provide customers with savings without sacrificing comfort. The brand recently completed a $150 million investment to renovate and upgrade hotels nationwide with sleek and modern NextGen® redesign elements.
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• Conventional, SBA, and USDA loans available in all 50 states
• Terms up to 26 years with competitive bank rates
• No prepayment penalties for loans under 15 years
• Creative capital structures for all of your needs, including ground-up construction, acquisitions and conversion, renovation and upgrades, real estate purchases, working capital, and refinancing
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Aethos Consulting Group’s U.S. partners have gathered their collective thought leadership and now share predictions, concerns, and issues for the coming year. While some of these issues transcend across borders and continents, the commentary here is geared on its impact in the United States. (Source: Hotel Business)
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Hunter Hotel Advisors announced its first two hotel sales of 2019: The Hampton Inn & Suites in St. Augustine, FL. and the Courtyard by Marriott in Cranbury, N.J. Both deals closed in late 2018. The Hampton Inn & Suites, located on Vilano Beach in St. Augustine was sold by MCR Group to Pharos Hospitality. (Source: Hotel Management)
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The state of Massachusetts has a new first-in-the-nation law regulating Airbnb. Gov. Charlie Baker said the law, which takes effect July 1, is an effort toward “leveling the playing field for short-term rental operators who use their properties as de facto hotels.” The law may help the area move forward on taxing and requiring Airbnb to comply with local health and zoning regulations. (Source: Greenfield Recorder)
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AAHOA News
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