From the desks of the Hotel News Now editorial staff:
- Trump Hotels, labor unions reach agreement
- Pebblebrook Hotel Trust closes on Manhattan NYC sale
- Cocktails hotels will serve on New Year’s Eve
- US hotel results for week ending 17 December
- North Korea’s Ryugyong Hotel remains a mystery
Trump Hotels, labor unions reach agreement: Two labor battles have resulted in victories for union members at the Trump International Hotel Las Vegas, The Washington Post reports.
The Las Vegas battle when President-elect Donald Trump, as co-owner of the hotel, would not recognize a vote to organize last year by housekeepers, maids, porters, cooks and other members of the UNITE HERE Culinary Workers Union and the Bartenders Union, the newspaper reports. The company has since reached an agreement with the unions to draw up a labor contract.
“We share mutual goals with the union, as we both desire to ensure outstanding jobs for the employees, while also enabling the hotel to operate successfully in a competitive environment, and to establish a reputation as one of the finest hotels in the world,” Eric Danziger, CEO of Trump Hotels, told the newspaper.
Pebblebrook Hotel Trust closes on Manhattan NYC sale: Real estate investment trust Pebblebrook Hotel Trust has closed on the sale of its 618-room Manhattan NYC property in New York City for $217.5 million, according to a news release. A buyer was not listed.
“We are very pleased with the sale of the Manhattan NYC,” said Jon E. Bortz, chairman, president and CEO of Pebblebrook, in the release. “This sale represents our second significant step towards successfully reducing our exposure to the New York market. The Manhattan NYC marks the fourth hotel sold under our strategic disposition plan that we initiated earlier this year, which has generated almost $500 million in gross proceeds. These dispositions have allowed us to take advantage of the imbalance between the higher private market values for our hotels and the lower value of our company as determined by the public market.”
Cocktails hotels will serve on New Year’s Eve: Many revelers on New Year’s Eve will spend their nights drinking in celebration, so HNN’s Danielle Hess reached out to hotels at popular destinations to see what they will serve on the last night of 2016.
This infographic details three cocktail recipes from around the world: the PKS Ego Borage from the Peppers Kings Square Hotel in Perth, Australia; the Smoked Maple Manhattan at the InterContinental Toronto Centre in Toronto, Canada; and the Year of the Rooster at the W New York Times Square in New York City.
U.S. hotel results for week ending 17 December: The U.S. hotel industry reported positive results for the three key performance metrics for the week ending 17 December, according to data from STR, HNN’s parent company. Occupancy increased 4.7% year over year to 54%, and average daily rate grew 4.8% to $111.59, leading to revenue per available room to jump 9.7% to $60.31.
The Washington, D.C.-Maryland-Virginia market saw the largest growth in occupancy, increasing 20.2% to 62.1%, and RevPAR, increasing 34.6% to $85.31.
Oahu Island, Hawaii, saw the sharpest declines with occupancy dropping 15.4% to 77.1%, ADR falling 4.9% to $212.16 and RevPAR decreasing by 19.6% to $163.59.
North Korea’s Ryugyong Hotel remains a mystery: Nicknamed the “Hotel of Doom,” the yet-to-open Ryugyong Hotel in Pyongyang continues to puzzle people the world over, the Independent reports. Adding to the mystery was the appearance of lights at the top of the 105-story hotel, leading some to speculate construction might resume on the 30-year-old project.
North Korea’s leader, Kim Jong Un, might have interest in finishing the project, the newspaper reports, as he has ordered construction on other skyscrapers in Pyongyang. For the meantime, those interested in this project will have to continue what, if anything, will come next.
Compiled by Bryan Wroten.