FF&E

Sleep Inn Tempe Successfully Transforms into Thriving Student Housing Development

Retrieved on: 
Thursday, February 1, 2024

In a landmark transaction, the Sleep Inn, located in Tempe, AZ has been acquired by a prominent student housing developer, marking the beginning of an exciting new chapter for the property.

Key Points: 
  • In a landmark transaction, the Sleep Inn, located in Tempe, AZ has been acquired by a prominent student housing developer, marking the beginning of an exciting new chapter for the property.
  • The property's prime location, directly across from Arizona State University (ASU), underscores its potential to meet the growing demand for student accommodations in the thriving Tempe area.
  • With over 57,000 total enrolled students at ASU’s Tempe location, this strategic development aligns with the increasing demand for high-quality student housing options in proximity to the university, providing a convenient and modern living experience for the student population.
  • This conversion from a hotel to a student housing development stands as a testament to the resilience and adaptability of real estate in meeting the evolving needs of the community.

Omni Workspace welcomes Jesus Omana as President of their national services company, Emerald Blue

Retrieved on: 
Monday, January 29, 2024

MINNEAPOLIS, Jan. 29, 2024 /PRNewswire/ -- Omni Workspace is pleased to announce the recent appointment of Jesus Omana as President of their national services company, Emerald Blue, effective December 11, 2023. Throughout their eight-state locations, Emerald Blue delivers expansive, diverse national solutions through their 12 warehouses and office facilities. The solutions delivered by Emerald Blue includes furniture installation, move, add, and change (MAC) management; technology relocation, asset management; hospitality FF&E, and furniture disposition.

Key Points: 
  • MINNEAPOLIS, Jan. 29, 2024 /PRNewswire/ -- Omni Workspace is pleased to announce the recent appointment of Jesus Omana as President of their national services company, Emerald Blue, effective December 11, 2023.
  • Throughout their eight-state locations, Emerald Blue delivers expansive, diverse national solutions through their 12 warehouses and office facilities.
  • The solutions delivered by Emerald Blue includes furniture installation, move, add, and change (MAC) management; technology relocation, asset management; hospitality FF&E, and furniture disposition.
  • At Emerald Blue, Omana will assume corporate executive leadership responsibilities over all service teams nationwide.

SAM NAZARIAN'S SBE FORMS STRATEGIC ALLIANCE WITH WYNDHAM, LAUNCHES NEW SMART LIFESTYLE BRAND, PROJECT HQ HOTELS & RESIDENCES

Retrieved on: 
Monday, January 22, 2024

MIAMI, Jan. 22, 2024 /PRNewswire/ -- sbe, the privately-held leading international lifestyle hospitality group that develops, manages and operates world-class hotels, restaurants, lounges and nightclubs, and Wyndham Hotels & Resorts (NYSE: WH), the world's largest hotel franchising company with approximately 9,100 hotels spanning over 95 countries, announced today the launch of a new smart lifestyle brand under the working title, Project HQ Hotels & Residences.

Key Points: 
  • Project HQ joins Wyndham's Registry Collection Hotels brand, tapping into the scale, resources and reach of the world's largest hotel franchisor.
  • Project HQ unites the decades of experience of lifestyle visionary Sam Nazarian with the global scale, resources and reach of Wyndham.
  • Now, almost 20 years later we look to reinvent lifestyle again with Project HQ, the first smart lifestyle hotel brand.
  • With a comprehensive approach, Project HQ offers legacy hotel owners an unparalleled and simplified experience to revitalize their properties, elevating them into distinguished Project HQ Hotels & Residences.

ZERO-FOXTROT DEBUTS, SETTING NEW STANDARDS IN OFFICE/AGENCY TRANSITIONS, RELOCATION PLANNING & LOGISTICS

Retrieved on: 
Monday, December 4, 2023

WASHINGTON, Dec. 4, 2023 /PRNewswire/ -- Zero Foxtrot, a pioneering company co-founded by Eric Wilmot and Drew Weismiller, officially launches today, introducing a new era in business relocation and decommissioning services in Washington D.C., Maryland, Virginia & nationwide. This innovative venture aims to revolutionize the way businesses approach and manage significant change, from office relocations to comprehensive decommissioning strategies, warehouse storage, IT disconnect & reconnect, FF&E distribution, low-voltage data cabling and more.

Key Points: 
  • Zero Foxtrot Debuts, Ready to Set the New Standard in the Relocation Industry!
  • With a focus on seamless, efficient, and customer-centric services, Zero-Foxtrot is poised to set new standards in the industry.
  • The company offers a range of services, including office relocation, logistics management, and adaptive transition solutions, tailored to meet the unique needs of each client.
  • The company is committed to delivering excellence and innovation, reshaping the landscape of business transitions and logistics services.

Moving iMage Technologies Announces Fourth Quarter and Full-Year Fiscal 2023 Results

Retrieved on: 
Tuesday, September 26, 2023

Moving iMage Technologies, Inc. (NYSE AMERICAN: MITQ), (“MiT”), a leading technology and services company for cinema, Esports, stadiums, arenas and other out-of-home entertainment venues, today announced results for its fourth quarter and full-year ended June 30, 2023.

Key Points: 
  • Moving iMage Technologies, Inc. (NYSE AMERICAN: MITQ), (“MiT”), a leading technology and services company for cinema, Esports, stadiums, arenas and other out-of-home entertainment venues, today announced results for its fourth quarter and full-year ended June 30, 2023.
  • “We completed a solid year with double-digit revenue growth, higher gross margin and reduced non-GAAP losses,” said Phil Rafnson, chairman and chief executive officer.
  • “Fiscal 2023 was a transition year for MiT.
  • “Additionally, our fiscal 2023 results would have been even better had we not seen approximately $3.4 million of pushouts in our legacy FF&E projects business during the second half of fiscal 2023.

GEMCAP SOLUTIONS, LLC TO AUCTION THE PERSONAL PROPERTY OF VOSGES HOLDINGS LLC, VOSGES HOLDINGS, INC., VOSGES HAUT-CHOCOLAT LLC, AND VOSGES IP, LLC VIA PUBLIC SALE

Retrieved on: 
Monday, June 19, 2023

The Inventory, Accounts Receivable, FF&E, Intellectual Property, and Trade Fixtures are collectively referred to as the "Public Sale Collateral".

Key Points: 
  • The Inventory, Accounts Receivable, FF&E, Intellectual Property, and Trade Fixtures are collectively referred to as the "Public Sale Collateral".
  • The Secured Party is conducting the Public Sale to foreclose the lien and security interest held by the Secured Party in and to the Public Sale Collateral.
  • The Public Sale of the Public Sale Collateral, if made, shall be to the highest and best bidder.
  • The Secured Party reserves the right to credit bid on any or all of the Public Sale Collateral at the Public Sale.

Asset-Based Lending Sector Needs to Embrace Data and AI

Retrieved on: 
Wednesday, April 19, 2023

NEW YORK, April 19, 2023 /PRNewswire/ -- Adjusting to more complex datasets should be a top priority in asset-based lending now that AI is set to become a bigger factor in borrower health, advises Tiger Group Executive Managing Director Bradley W. Snyder.

Key Points: 
  • "Bigger companies like Kroger and Walmart have long spent billions of dollars on data and tech," he explains.
  • "As AI and similar solutions have become more accessible, opportunities have started to emerge for smaller borrowers to get in on the act."
  • "In addition to collecting shopper-purchase data, the Caper AI system tracks where people go in the store and collects other data that grocers can later use to manage inventory and optimize store layouts," Snyder writes.
  • moment will come from an AI that has sifted through an ocean of data in a matter of seconds."

Oculus Inc. Enhances Hospitality Design Services with Portland Promotion

Retrieved on: 
Wednesday, March 22, 2023

PORTLAND, Ore., March 22, 2023 /PRNewswire/ -- Oculus Inc., an award-winning, WBE-certified architecture and interior design firm, announces the promotion of Jaime Merrill, NCDIQ, IIDA, to Hospitality Design Leader.

Key Points: 
  • PORTLAND, Ore., March 22, 2023 /PRNewswire/ -- Oculus Inc., an award-winning, WBE-certified architecture and interior design firm, announces the promotion of Jaime Merrill, NCDIQ, IIDA, to Hospitality Design Leader.
  • In her new role, Merrill will help enhance the firm's hospitality roster in Portland and the West Coast, while expanding hospitality design services to other markets Oculus serves.
  • Hospitality represents the fastest growing emerging market for Oculus Inc.
    "Jaime has been instrumental in growing our reputation in the hospitality design market," said Robert Hoffman, AIA, managing principal for Oculus' Portland office.
  • Oculus entered the Portland hospitality market in 2017 and has built its practice there and along the west coast as a full-service architectural and interiors design firm.

David A. Spehar Joins Tiger Group as Associate Director of Field Operations

Retrieved on: 
Thursday, March 2, 2023

NEW YORK, March 2, 2023 /PRNewswire/ -- David A. Spehar, a 30-year appraisal and disposition veteran whose work has encompassed over 350 companies and thousands of retail stores across North America, has joined Tiger Group as Associate Director of Field Operations.

Key Points: 
  • NEW YORK, March 2, 2023 /PRNewswire/ -- David A. Spehar, a 30-year appraisal and disposition veteran whose work has encompassed over 350 companies and thousands of retail stores across North America, has joined Tiger Group as Associate Director of Field Operations.
  • He reports to Tiger Group Executive Managing Director Arnold L. Jacobs .
  • Spehar joins Tiger after working closely with the company for the past 12 years as a senior field consultant.
  • "Dave also puts a strong focus on teamwork and communication, which is right in line with our culture at Tiger."

AMERICAN HOTEL INCOME PROPERTIES REIT LP Reports 2022 Results with 16.6% Annual Revenue Growth

Retrieved on: 
Tuesday, February 28, 2023

VANCOUVER, British Columbia, Feb. 28, 2023 (GLOBE NEWSWIRE) -- American Hotel Income Properties REIT LP (“AHIP”, or the “Company”) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.

Key Points: 
  • VANCOUVER, British Columbia, Feb. 28, 2023 (GLOBE NEWSWIRE) -- American Hotel Income Properties REIT LP (“AHIP”, or the “Company”) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.
  • V), today announced its financial results for the three months and year ended December 31, 2022.
  • Successfully completed the strategic dispositions of seven non-core hotel properties, recycling proceeds into higher return assets in more attractive markets and reducing debt.
  • During the fourth quarter of 2022, the Company recognized non-cash impairment charges of approximately $39.4 million related to fifteen hotel properties.