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LOVE HOME SWAP PURCHASED BY WYNDHAM – AUGUST 2017
The six-year-old Love Home Swap, with over 100,000 homes listed worldwide, is now part of the growing Wyndham organization.  This “home exchange” platform was purchased by Wyndham for a reported $44,600,000.  As the home exchange market, together with the home overnight rental markets, continue to grow, more American companies are entering.

RED LION HOTELS FIND A NEW “HOME” – AUGUST 2017
Red Lion, after 43 years being in Spokane, Washington, is moving its primary headquarters to Denver, Colorado.  Red Lion management intends to keep a Regional office in Spokane.  Red Lion was originally formed as a primarily Northwest Hotel company with tentacles into California, etc. some 43 years ago.  Citing the need, as they grow, for improved airline connections cemented their decision to relocate.

ISLAND OF BALI LAUNCHES INTERCONTINENTAL HOTELS GROUP FIRST RESORT! – JULY 2017
Hotel Indigo Bali Seminyak Beach set to open today for IHG.  It is the brand’s first Resort, and also their initial property in precious Bali. The resort covers over 4.7 hectares with beautiful landscaped gardens that add glamour and appeal to this 289 guest room hotel.  Giving the total of 289 are 19 Balinese styled villas which offer private swimming pools and featuring seven lifestyle dining offerings for entire Resort.

APPS……AND MORE APPS ! – JULY 2017
American Motel Hotel Brokers released information today that their New APP program for hotel owners, and those considering becoming owners in the Hospitality and Lodging business, has exceeded their initial goal by over 65%. For those interested in obtaining their AMHB APP….FREE.…go to the Apple Store or Google Play Store and ask for the APP. You may also contact American Motel Hotel Brokers at: info@amhbnetwork.com,…..or call, 602-230-9244. Comments from “recent users” are all positive, stated Joan Golden, Director of Technology.

 

TIDBITS OF CURRENT NEWS

FEDERAL PER DIEM RATES FOR FISCAL 2018 – August 2017
The General Services Administration, GSA, has announced that Federal Per Diem rates for Fiscal 2018 become effective October 1, 2017.  The Standard Rate will be increased from $91 per night to $93 per night for Lodging.

ARE YOU TAKING ADVANTAGE OF THESE TRENDS/OPPORTUNITIES? – JULY 2017
The advancement of mobile phones, together with the numbers being used, give businesses great opportunities! As a Hotelier, follow this trend! Utilize this trend for your Social Media Marketing! It works . . . it makes you money! American Motel Hotel Brokers, America’s oldest, continuous Hospitality/Lodging Brokerage, altered their marketing and their Offerings for Sale . . . and their Sales have increased and phone calls have practically doubled from Clients.

HILTON LONDON HEATHROW AIRPORT SOLD – JULY 2017
American Motel Hotel Brokers Network European office reports a group from Norway, “Pandox,” has entered into contract to purchase.  It is a 398 room hotel connected to Terminal 4.  Price is 80 Million Pound.

AAHOA HOSTS “INDEPENDENT HOTELIERS CONFERENCE” – JULY 2017
On July 31 at the Hyatt Regency in Dallas, AAHOA will hold their Conference for those that are Independent Hotel Owners….AND….those interested in becoming Independent. The theme of the Conference is “a can’t miss opportunity” for Independent Ownership! With more discussion today about ‘going independent,’ the timing of AAHOA is worth. You can find more details on the AAHOA.com Website.

THIS IS HEADLINE NEWS – JULY 2017
AccorHotels with aggressive acquisitions is surging forward with “home-sharing” market. Accor is merging Squarebreak and Travel Keys into their One fine stay company. This will give Accor in range of 10,000 rental properties.