5 things to know: 30 March 2018
5 things to know: 30 March 2018
30 MARCH 2018 9:05 AM

From the desks of the Hotel News Now editorial staff:

  • Anbang offers investors opportunities after Chinese takeover
  • Execs at AAHOA convention impart valued leadership traits
  • Outrigger names Jeff Wagoner president and CEO
  • Hawaii hotels step up emergency preparedness
  • Famous doors from Chelsea Hotel being auctioned off

Anbang offers investors opportunities after Chinese takeover: Chinese conglomerate Anbang Insurance Group is offering small investors the opportunity to invest in the company after it was seized by the Chinese government last month, The New York Times reports. 

The investments are sold “like stocks or bonds in bank branches around China, the products carry names like Anbang Abundant Stability No. 10, suggesting the investments are conservative. They are anything but,” the newspaper reports.

Anbang used money from these type of investments in the past to fund purchases like the Waldorf Astoria hotel in New York, according to The Times.

Execs at AAHOA convention impart valued leadership traits: Hotel brand company leaders on a panel at the Asian American Hotel Owners Association convention talked about the traits they value the most when it comes to leadership, HNN’s Stephanie Ricca reports.

Elie Maalouf, CEO, Americas, at InterContinental Hotels Group, said the first thing he looks for in an executive is good judgement.

“Judgment is knowing the right decision to make. It’s having the internal compass to lead in the right direction,” he said. “It’s the judgment to make the right bets by understanding our markets, to react the right way under pressure in a crisis, to hire other good leaders who also have good judgment.”

Outrigger names Jeff Wagoner president and CEO: After interim CEO Scott Dalecio moves to his new role as executive chairman, industry veteran Jeff Wagoner will take over as president and CEO of Outrigger Hotels and Resorts, effective 26 April, according to a news release.

Wagoner has experience in domestic and international markets of the hotel industry, and previously served as EVP of hotel operations for Trump Hotels. He has also served as president of Wyndham Hotel Group Management and EVP of global brand services and president of Wyndham Hotels and Resorts.

Hawaii hotels step up emergency preparedness: Tourism leaders in Hawaii are educating themselves on what to do in the face of emergency situations after a false nuclear missile alert led to widespread panic in January, Hawaii News Now reports.

The Hawaii Lodging and Tourism Association and the Hawaii Hotel Visitor Industry Security Association hosted an emergency management workshop Thursday where security experts went over the steps that need to be taken by hotel employees when faced with a potential threat, according to the article.

"I think we're pretty good in dealing with tsunamis, hurricanes, and storms, but this is a new phenomenon that we're dealing with," Mufi Hannemann, HLTA's president and CEO, told the news outlet.

Famous doors from NYC’s Chelsea Hotel being auctioned off: Doors from rooms in New York’s Chelsea Hotel where legends such as Janis Joplin, Bob Marley and Jack Kerouac once stayed in are being auctioned off by Guernsey’s Auction House on 12 April, The Guardian reports. 

The Chelsea Hotel was built between 1883 and 1885 and “was known to have inspired the work of prominent writers, musicians and actors,” according to the news outlet. In 2016, the hotel was sold to a group of investors led by the founders of BD Hotels for $250 million.

Compiled by Danielle Hess.

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