Skip to content
Search

Latest Stories

Organizations form new website to encourage hotel ownership

Castell Project, She’s Got A Deal competition both promote women in the hospitality industry

Organizations form new website to encourage hotel ownership

TWO ORGANIZATIONS FOCUSED on promoting the careers of women in the hospitality industry are teaming up to form a new means to that end. The Castell Project and the She Has A Deal contest that provides its winner a chance at hotel ownership are creating Fortuna’s Table to connect prospective hotel owners to the knowledge, guidance and networking they need to achieve their goal.

Modeled after business incubators will use public relations and social media to open access to new markets for potential hotel owners, according to the Castell Project. Experts and sponsors will share their knowledge on the project’s website, which is in the works and also will provide round tables and virtual meetings with peers and experts.


“Both organizations are focused on women reaching the upper echelons of the hospitality industry. Fortuna’s Table is a truly collaborative endeavor to help women and minorities reach leadership and ownership in the industry,” said Peggy Berg, chair, Castell Project, Inc.  “She Has a Deal will provide its pitch competition participants with the additional resources of Fortuna, while Castell will offer women pursuing leadership the opportunity to evaluate hotel ownership both through the resources on Fortuna and through access to She Has a Deal’s structured masterclasses.  It’s truly a win-win.”

Tracy Prigmore, founder of real estate investment firm TLTsolutions, began the She’s Got A Deal competition in 2018 after realizing during her own quest to become a hotel owner that most other hoteliers are men. Vinay Patel, AAHOA vice chairman and president of Fairbrook Hotels in Chantilly, Virginia, is on the advisory board for “She Has a Deal.”

“The investment side of the business needs to be more diverse and inclusive,” Prigmore said.  “For women to participate fully in leadership, more women need to have access to ownership. We look forward to making additional announcements regarding our programs in the coming weeks as this initiative builds.”

More for you

U.S. hotel performance report showing occupancy, ADR, and RevPAR trends for the week ending February 8, with Super Bowl market impact

CoStar: U.S. hotels show mixed results in early February

U.S. Hotel Performance: Weekly Trends in Occupancy, ADR & RevPAR

U.S. HOTEL PERFORMANCE showed mixed results for the week ending Feb. 8, with year-over-year declines, according to CoStar. Occupancy fell from the previous week, while ADR and RevPAR saw slight increases.

Occupancy fell to 55.9 percent for the week ending February 8, down from 56.5 percent the previous week, a 0.5 percent year-over-year decline. ADR increased to $156.03 from $150.25 but was down 2.2 percent from the same period last year. RevPAR rose to $87.22 from $84.90, reflecting a 2.7 percent year-over-year decrease.

Keep ReadingShow less
U.S. hospitality index Q4 2024: Top cities leading hotel growth trends

Report: U.S. hospitality health at four-quarter high in Q4

U.S. hospitality index Q4 2024: Top cities driving hotel growth

U.S. HOSPITALITY BUSINESSES reported a 108.2 percent year-over-year health metric for the fourth quarter of 2024, the highest in four quarters, according to the Hospitality Group and Business Performance Index by Cendyn and Amadeus. Tampa, Houston, and Miami led the top 10 cities in rankings.

The index combines event data from Cendyn’s Sales Intelligence platform, formerly Knowland, with hotel booking data from Amadeus’ Demand360, covering group, corporate negotiated, global distribution system, and events performance, the companies said in a joint statement.

Keep ReadingShow less
Michael Brunner, EVP of Credit Investments at Peachtree Group, leading growth

Brunner is Peachtree's EVP of credit investments

Michael Brunner Leads Peachtree Group’s Credit Investments Growth

Michael Brunner is the new executive vice president of credit investments at Peachtree Group. In this role, he will oversee the company’s credit platform and lead strategic growth initiatives.

Brunner has more than 25 years of financial experience, handling securitized products, asset finance and commercial real estate, Peachtree Group said in a statement.

Keep ReadingShow less
હોટેલોનું કાર્બન ઉત્સર્જન અનુમાન કરતા વધારે: અભ્યાસ

હોટેલોનું કાર્બન ઉત્સર્જન અનુમાન કરતા વધારે: અભ્યાસ

હોસ્પિટાલિટી ઓપરેટર બોબ ડબલ્યુના તારણો અનુસાર, હોટેલ કાર્બન મેઝરમેન્ટ ઇનિશિયેટિવ જેવા માળખાના વર્તમાન અંદાજ કરતાં હોટેલ કાર્બન ઉત્સર્જન પાંચ ગણું વધારે છે. ફિનલેન્ડ સ્થિત કંપની અને યુકે સ્થિત પર્યાવરણીય સલાહકાર ફર્થરે હોટેલ ક્ષેત્રની પર્યાવરણીય અસરનો વ્યાપક દૃષ્ટિકોણ પ્રદાન કરતી "લોજિંગ એમિશન્સ એન્ડ ગેસ્ટ-નાઈટ ઈમ્પેક્ટ ટ્રેકર" વિકસાવી છે.

કંપનીએ એક નિવેદનમાં જણાવ્યું હતું કે, LEGIT લાગુ કર્યા પછી BOB W પ્રોપર્ટીઝ પર સરેરાશ કાર્બન ફૂટપ્રિન્ટ HCMI અંદાજ કરતાં 419 ટકા વધુ હતી, મુખ્યત્વે સપ્લાયર દ્વારા ફાળો આપેલા પરોક્ષ ઉત્સર્જનને કારણે આ જોવા મળ્યું છે.

Keep ReadingShow less
Marriott Reports Record Growth in 2024 with 5% RevPAR Increase and 123K New Rooms Added

Marriott's RevPAR up 5 percent, Q4 income lower

Marriott posts 5% Q4 RevPAR surge, adds 123K new rooms in 2024

MARRIOTT INTERNATIONAL REPORTED five percent global RevPAR growth in the fourth quarter of 2024, with a four percent increase in the U.S. and Canada and 7.2 percent in international markets. However, net income fell to $455 million from $848 million in the prior year.

The company added more than 123,000 rooms in 2024, achieving 6.8 percent net rooms growth from year-end 2023, Marriott said in a statement.

Keep ReadingShow less