5 things to know: 28 March 2018
 
5 things to know: 28 March 2018
28 MARCH 2018 9:29 AM

From the desks of the Hotel News Now editorial staff:

  • NH execs plan future, tune out what they can’t control
  • A look at US hotel industry performance trends
  • Downtown Disney businesses shut down for new hotel
  • Houston Rockets owner opens high-end hotel
  • Nashville hotel opens new space for musicians

NH execs plan future, tune out what they can’t control: Some might be worried about NH Hotel Group’s joint venture with HNA Group since the Chinese conglomerate has ran into financial issues, but NH’s Laia Lahoz, the company’s chief assets and development officer, said NH isn’t focused on matters that are out of the company’s control, HNN’s Jeff Higley writes.

“HNA is a shareholder of 29% … it’s relevant that they have announced they are willing to sell,” Lahoz said during an interview at the International Hotel Investment Forum earlier this month. “Our board, and particularly our CEO Ramón Aragonés, is all the time trying to focus the team on, ‘You cannot worry about what you cannot control.’ We cannot control what the shareholders will do. I would not say we are worried about HNA.”

A look at U.S. hotel industry performance trends: Experts from STR, HNN’s parent company, Tourism Economics, CBRE Hotels and TravelClick shared data on what’s driving performance in the U.S. hotel industry and what hoteliers can expect to see going forward at the recent Hunter Hotel Conference, HNN’s Stephanie Ricca writes.

Demand continues to grow, and demand related to Hurricane Harvey and Hurricane Irma played a big role in overall U.S. demand numbers, said Jan Freitag, SVP of lodging insights at STR.

“The demand number has surprised everyone,” he said. “It gives us occupancy growth to a record level of 66%. We’re selling two out of three rooms every night.”

Downtown Disney businesses shut down for new hotel: Businesses such as the ESPN Zone, the Rainforest Café and a Starbucks in Downtown Disney in Anaheim, California, are shutting down and will be demolished to make room for a 700-room hotel, The Orange County Register reports. 

All businesses west of the Lego store and Disneyland Drive will close by 30 June. Demolition of the site for the new 17-acre hotel, which has yet to be named, will start in early July.

Houston Rockets owner opens high-end hotel: The owner of the Houston Rockets, Tilman Fertitta, recently opened the 250-room Post Oak Hotel at Uptown Houston, a $350-million project said to be the only Forbes five star-rated hotel in Texas, Click 2 Houston reports.

The hotel lobby features a chandelier from Czechoslovakia that cost $1 million, and the guestrooms, which cost more than $1 million each to build out, are equipped with Bluetooth connectivity. Details like that make a difference in the luxury market, hotel GM Jorge Gonzalez told the news outlet.

The hotel also has four restaurants, a Rolls Royce dealership and a helicopter pad, according to news outlet.

Nashville hotel opens new space for musicians: The Hutton Hotel in Nashville, Tennessee, recently opened Analog, a new type of performance space for musicians staying at the hotel, Forbes reports. 

The space features 5,000 square feet of performance space and bar that connects with a two-floor, three-bedroom suite and recording studios.

The leather couches near the stage, rugs and ottomans give off a more intimate vibe for audience members at Analog, Forbes reports.


Compiled by Danielle Hess.

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