Hilton Garden Inn Kampala

British Swim School Makes a Splash in Durham-Chapel Hill, North Carolina

Retrieved on: 
Thursday, October 26, 2023
Stroke, Research, Education, Water, Family, I-40, Hilton Garden Inn Kampala, International Red Cross and Red Crescent Movement, Entrepreneurship, Death, The Streets at Southpoint, Risk, Teaching, Running, Drowning, Springfield to Fayetteville Road-Cross Hollow Segment, Toy

DURHAM, N.C., Oct. 26, 2023 /PRNewswire-PRWeb/ -- British Swim School, the nation's leading "learn to swim" franchise, is excited to announce its newest location in the Durham-Chapel Hill area of North Carolina. Vick Nanda, the proud owner of this franchise, is set to offer vital swimming and water survival skills to the community. Lessons will be held at the indoor pool of the Hilton Garden Inn hotel in Southpoint, Durham, conveniently located on Fayetteville Road near I-40, next to Southpoint Mall and the Streets at Southpoint.

Key Points: 
  • DURHAM, N.C., Oct. 26, 2023 /PRNewswire-PRWeb/ -- British Swim School , the nation's leading "learn to swim" franchise, is excited to announce its newest location in the Durham-Chapel Hill area of North Carolina.
  • "I was inspired by British Swim School's focus on water survival, especially for young kids.
  • "We are delighted to welcome Vick to our family," said Ashley Gundlach, President of British Swim School.
  • For more information or to sign up for lessons, visit British Swim School of Greater Durham.

Peachtree Group Deploys $1.1 Billion in Commercial Real Estate Investments Seeing Growing Activity Amid Ongoing Credit Market Dislocation

Retrieved on: 
Thursday, September 21, 2023
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Maintenance, Collection, Peachtree, Mortgage Bankers Association, COVID-19, Cerritos Towne Center, LaGuardia Airport, AC, CBRE, Dislocation, Stonehill, Hilton Garden Inn Kampala, Town Center, Acquisition, Investment, Homewood Suites by Hilton, Embassy Suites by Hilton, Growth, Commercial property, Bank, Real estate, Hotel, Fine chemical, Tourism, Public expenditure, Hampton by Hilton

Peachtree Group, a diversified commercial real estate investment company, announced its credit division has closed $556 million in loan originations of the $1.1 billion the company deployed year-to-date.

Key Points: 
  • Peachtree Group, a diversified commercial real estate investment company, announced its credit division has closed $556 million in loan originations of the $1.1 billion the company deployed year-to-date.
  • The ability to refinance maturing debt is a growing concern with an estimated $1.9 trillion of U.S. commercial real estate debt maturing before the end of 2026.
  • Peachtree Group Credit, formerly Stonehill, ranked as the 8th largest U.S. commercial real estate hotel lender by the Mortgage Bankers Association 2022 loan origination rankings.
  • As a direct commercial real estate lender, it offers permanent loans, bridge loans, mezzanine loans, commercial property-asset clean energy (CPACE) financing and preferred equity investments across all commercial real estate sectors, with its origins in the hospitality industry.

Hersha Hospitality Trust Announces Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 2, 2023
External commercial borrowing, RevPAR, Partnership, Travel, ADR, SOFR, GAAP, Sale, Gregory Horror Show, FFO, Hilton Garden Inn Kampala, Westin Hotels & Resorts, Growth, Average daily rate, St. Gregory Hotel, Bookkeeping, Security (finance), Video game, Tourism, EBITDA

Net income applicable to common shareholders was approximately $1.7 million, or $0.04 per diluted common share, in the second quarter 2023, compared to net income applicable to common shareholders of approximately $2.4 million, or $0.06 per diluted common share, in the second quarter 2022.

Key Points: 
  • Net income applicable to common shareholders was approximately $1.7 million, or $0.04 per diluted common share, in the second quarter 2023, compared to net income applicable to common shareholders of approximately $2.4 million, or $0.06 per diluted common share, in the second quarter 2022.
  • Our core urban markets generated $22.5 million of EBITDA in the second quarter, 67% of our portfolio’s production, up from 18% in the first quarter.
  • In Philadelphia, the Westin generated $2.6 million in EBITDA, the second highest in the portfolio for the second quarter despite the impact of renovation activity during the quarter.
  • The Company also paid a cash dividend of $0.05 per common share and per limited partnership unit for the second quarter ended June 30, 2023.

Hilton Garden Inn La Romana Dominican Republic celebrates its opening

Retrieved on: 
Monday, July 31, 2023
Swimming, Hilton Garden Inn Kampala, Hilton Hotels & Resorts, La Romana International Airport, Multimedia, Central Romana Port, Hotel, Tourism

LA ROMANA, Dominican Republic, July 31, 2023 /PRNewswire/ -- The international known company Hilton Hotels & Resorts opens its doors to its Hilton Garden Inn La Romana hotel project in the Dominican Republic, in collaboration with a group of important investors under the company Riverhome Capital S.A.S., whose main shareholder is the prominent Dominican former major league player, Edwin Encarnación; together with the vision of the lawyer Guillermo Estrella Ramia and the Minister of Tourism, David Collado.

Key Points: 
  • LA ROMANA, Dominican Republic, July 31, 2023 /PRNewswire/ -- The international known company Hilton Hotels & Resorts opens its doors to its Hilton Garden Inn La Romana hotel project in the Dominican Republic, in collaboration with a group of important investors under the company Riverhome Capital S.A.S., whose main shareholder is the prominent Dominican former major league player, Edwin Encarnación; together with the vision of the lawyer Guillermo Estrella Ramia and the Minister of Tourism, David Collado.
  • The inauguration was led by Luis Abinader Corona, president of the Dominican Republic and who expressed that "This hotel has something very special, opening up the beach and the sector of La Caleta of La Romana, which for a long time was closed to the province and its visitors.
  • Since private investment must always be accompanied by public infrastructure, we are working on creating them, so we are all part of this development of La Romana."
  • The new hotel facility has a privileged location on a 5,000 square meters property, located on the coast of the municipal district of La Caleta, La Romana province.

Peachtree Hospitality Management Enters Third-Party Management Agreements with TEKMAK Development Company

Retrieved on: 
Wednesday, March 15, 2023
Commercial Building & Real Estate, Construction & Property, Lodging, Travel, PHM, Multimedia, Hospitality management studies, TownePlace Suites, Peachtree, Hilton Garden Inn Kampala, Culture, SpringHill Suites, Hotel

Peachtree Hospitality Management ("PHM") has entered into agreements with TEKMAK Development Company (“TEKMAK”), a full-service hospitality development company, to provide third-party management services for a portion of its hotel portfolio.

Key Points: 
  • Peachtree Hospitality Management ("PHM") has entered into agreements with TEKMAK Development Company (“TEKMAK”), a full-service hospitality development company, to provide third-party management services for a portion of its hotel portfolio.
  • View the full release here: https://www.businesswire.com/news/home/20230315005276/en/
    Peachtree Hospitality Management ("PHM") has entered into agreements with TEKMAK Development Company (“TEKMAK”), a full-service hospitality development company, to provide third-party management services for a portion of its hotel portfolio.
  • I am impressed with all aspects of this company, particularly their management division," said Thomas Kirkland, CEO, TEKMAK.
  • We continue to be impressed by their enthusiasm for TEKMAK, and we look forward to future opportunities together."

Chatham Lodging Trust Announces Fourth Quarter 2022 Results

Retrieved on: 
Thursday, February 23, 2023
Professional Services, Other Travel, Other Construction & Property, Lodging, Commercial Building & Real Estate, Destinations, Construction & Property, Travel, Other Professional Services, REIT, Finance, Consulting, Telephone, RevPAR, Public expenditure, SOFR, Investment, Trustee, Internet, Warner Center, Los Angeles, Gulf of Mexico, Walking, Residence Inn by Marriott, ADR, Hilton Garden Inn Kampala, Hotel, Video game, Bank, Holding company, D.C

Fourth quarter occupancy remained strong at 80 percent, and with ADR of $190, generated RevPAR of $152, which would rank 8th of Chatham’s hotels.

Key Points: 
  • Fourth quarter occupancy remained strong at 80 percent, and with ADR of $190, generated RevPAR of $152, which would rank 8th of Chatham’s hotels.
  • During the fourth quarter, the hotel achieved RevPAR of $80, down slightly compared to RevPAR of $83 in the 2021 fourth quarter.
  • During the 2022 fourth quarter, the company incurred capital expenditures of $3.3 million ($4.1 million in the first quarter, $5.3 million in the second quarter and $3.0 million in the third quarter), excluding any spending related to the Warner Center development.
  • The company will hold its fourth quarter 2022 conference call later today at 10:00 a.m. Eastern Time.

Hersha Hospitality Trust Announces Full Year and Fourth Quarter 2022 Results

Retrieved on: 
Wednesday, February 15, 2023
Restaurant, ADR, Hand, RevPAR, Hilton Garden Inn Kampala, Travel, GAAP, Average daily rate, Cadillac, Growth, FFO, Video game, EBITDA

AFFO per share also factors in additional shares accrued in the fourth quarter for incentive-based equity compensation.

Key Points: 
  • AFFO per share also factors in additional shares accrued in the fourth quarter for incentive-based equity compensation.
  • Mr. Neil H. Shah, Hersha’s Chief Executive Officer, stated, “Our comparable portfolio exceeded our 2019 RevPAR and EBITDA production in every month of the fourth quarter.
  • Our core urban markets generated 63% of our portfolio’ s EBITDA production in the fourth quarter, a similar composition to the third quarter and up from 14% in the first quarter.
  • Fourth quarter RevPAR for the urban portfolio was on par with 2019 driven by just under 20% ADR growth.

2023 Brits Travel Trends Revealed: Road Trips, Culture, Wellbeing and Technology

Retrieved on: 
Monday, November 14, 2022
Vacation, Other Travel, Lodging, Destinations, Travel, Holiday, Behavior, Friends, Sustainability, Material, Curio (brand), Smartphone, Multimedia, NYSE, Love, Food, Hilton Garden Inn Kampala, Culture, Life, Research, Digital, Wellness, Light, Scottish Highlands, HLT, Foodservice, Travel, Health, Dow Jones, Hilton Worldwide, Hotel, Tourism, Design

2023 is set to be the year of invigorated travel with travel at top of mind for over half of Brits (59%) who are set to travel more in the next year compared to 2022.

Key Points: 
  • 2023 is set to be the year of invigorated travel with travel at top of mind for over half of Brits (59%) who are set to travel more in the next year compared to 2022.
  • Hilton anticipates tech will become an integral part of travel with 67% of Brits caring most about ease and technology where travel is concerned, and one in five (21%) wanting technology to be used throughout a hotel stay to ensure a seamless stay.
  • The nation is set to see a rise in Bleisure trips where Brits will blend work and travel needs to maximise on time and experiences.
  • The 2023 Trends Report showcases travellers evolving preferences and how eager and optimistic they are about their future adventures.

Hilton Spotlights Travelers’ Changing Expectations as a Record Year of Travel Concludes

Retrieved on: 
Monday, November 14, 2022
Vacation, Other Travel, Lodging, Destinations, Travel, Travel, Behavior, Friends, Food, Sustainability, Smartphone, Multimedia, NYSE, Love, Brand management, Hilton Garden Inn Kampala, Culture, Research, Digital, Work, Wellness, Mental health, Light, Growth, HLT, Foodservice, Family, Dow Jones, Hilton Worldwide, Hotel, Retail, Tourism, Design

Today, Hilton released its 2023 trends report, The 2023 Traveler: Emerging Trends that are Innovating the Travel Experience, A Report from Hilton , which reveals the latest consumer expectations following a year when travelers showed up in record numbers.

Key Points: 
  • Today, Hilton released its 2023 trends report, The 2023 Traveler: Emerging Trends that are Innovating the Travel Experience, A Report from Hilton , which reveals the latest consumer expectations following a year when travelers showed up in record numbers.
  • According to the study, 84% of global consumers hope to travel just as much or more in 2023.
  • The research also uncovered four consistent themes for 2023 travel, driven by traveler experiences over the last three years.
  • In 2023, travelers will focus on travel to create deeper connections with family, friends, colleagues, customers, cultures and the planet.

Chartwell Residential Constructs Dual-Branded Hotel in West End

Retrieved on: 
Monday, October 3, 2022
Commercial Building & Real Estate, Construction & Property, Lodging, Destinations, Travel, Vacation, Urban Planning, REIT, Hilton Garden Inn Kampala, Acquisition, Vanderbilt University, Hilton Garden Inn, Chartwell, Hotel, 257 Central Park West, Eleventh Avenue (Manhattan), Home2 Suites by Hilton

The newest addition to their Nashville hotel portfolio is a 172-room dual-branded Hilton Garden Inn and Home2 Suites hotel in the Parke West mixed-use development in Nashvilles West End neighborhood.

Key Points: 
  • The newest addition to their Nashville hotel portfolio is a 172-room dual-branded Hilton Garden Inn and Home2 Suites hotel in the Parke West mixed-use development in Nashvilles West End neighborhood.
  • We think these two hotels, and the overall Parke West development, will be a great new asset for the West End neighborhood, said Will Schaedle, Executive Vice President of Chartwell Hospitality.
  • The Hilton Garden Inn and Home2 Suites West End will provide both leisure and business travelers with new upscale lodging options.
  • All properties in the Parke West development will utilize an underground, 452-space parking garage that Chartwell Hospitality co-developed with GBT Realty.