Raines Company’s Post

🌟 Exciting Announcement! 🌟 We are thrilled to share the news of an impactful strategic partnership between Scarlett Hotel Group and Everwood Hospitality Partners! Our combined resources and deep knowledge of the hospitality investment and management industry have paved the way for an incredible collaboration that is set to make waves in the market. In this strategic move, hotel management is merging under the Scarlett brand, while our principals are joining the Everwood team as principals of the investment practice. Everwood is rebranding to Everwood Capital Partners, reinforcing our commitment to investment, asset management, development, and capital deployment. With a total of 17 hotels and 2,534 rooms across the U.S., as well as several additional properties in the pipeline, our expanded portfolio, featuring prestigious franchise names including Marriott, Hilton, Choice Hotels, and IHG Hotels & Resorts, positions us to offer an even broader range of exceptional accommodations. This partnership sets the stage for continued growth and influence in the industry, and we are excited about the opportunities it presents for our teams and clients. #ScarlettHotelGroup #EverwoodHospitalityGroup #EverwoodCaptialPartners #realestate #realestatebusiness #realestatedevelopment #hotels #growth #growthopportunities #hospitalityindustry #partnership Rob Zio Amit Amit Sanjay Andrew https://lnkd.in/dXTrwP9C

It doesn't seem all that long ago that #extendedstayhotels were the newbie among hotel offerings. Now, as the headline says, they're in a position of dominance. When the late, great Jack DeBoer and Robert Brock launched Residence Inn in Wichita in 1975, they knew they had a winner. Mr. DeBoer once told me that he didn't see the big-picture play for the segment until a few years later when Residence Inn was bought by Holiday Corp. (now IHG Hotels & Resorts) and then Marriott International. The extended-stay concept really took off in the mid- and late-1990s and since then has enjoyed a steady run. The sector's operating and financial performances were silver linings during the otherwise bleak pandemic era, and that has led to it being the darling of brand companies, developers, investors and operators in today's environment. Check out this in-depth analysis of the sector's position in the market as extended-stay experts Jim Darter of Sandpiper Hospitality, Dave Martin of Hotel Management and Consulting, Inc., Ian McClure of Gulf Coast Hotel Management, Inc., Simon Peter Mendy of Aimbridge Hospitality, Anna Scozzafava of Choice Hotels International, Mark Skinner of The Highland Group Hotel Investment Advisors Inc., and Chris Stevens of New Era Development delve into its intricacies. #Insights #hotelperformance #hoteldevelopment

We have exciting projects in progress: a new Holiday Inn Express, set to open its doors in Summer 2024, and a Home2 Suites & Tru by Hilton set to break ground next year.   These projects have materialized through prosperous partnerships with our current clients, leading to record-breaking profitability, streamlined operations, and peace of mind. Many of these clients turned to Structure Hospitality as their first hotel management company partner—a decision that can be daunting. Whether they were commercial investors venturing into the world of hospitality or hotel owners who sensed the potential for better performance but lacked the necessary expertise and resources, that's where Structure Hospitality stepped in.   When you choose to partner with Structure Hospitality, achieving success isn't merely a possibility; it's a guaranteed outcome. Whether you are an investor in the hotel industry, an owner/operator with untapped potential, or dissatisfied with your current management company, we encourage you to get in touch with us. Amer Salman Founder & President Structure Hospitality (801) 232-3377 amer@structurehospitality.com #structurehospitality #hotelmanagement #hospitalitymanagement #hospitalityindustry

Hotel Owners: Does your manager have established plans in place to maximize cashflow? For more critical questions pertaining to hospitality asset ownership, visit: https://lnkd.in/eFRteakr An increasing number of owners and investors have found that engaging The Plasencia Group in Owner Representation services has been the key to improving performance while striking a better balance between their objectives and those of day-to-day operators. We invite you to engage one of our experienced Owner Representation professionals who are eager to help guide you on your ownership journey. Get in touch with one of the team including, Lou Plasencia, Tony Haddad, Michelle H., and Gary Isenberg, to discuss your hospitality asset needs and how we can serve you and your property or portfolio. For detailed information about our Owner Representation capabilities, as well as the full slate of services for the complete asset ownership lifecycle, visit https://lnkd.in/eF4pXi8Q #CRE #hotels #resorts #hotelinvesting #lodging #hospitality #advisory #theplasenciagroup #lodgingmarket #hospitalityindustry #lodgingindustry #ownerrepresentation #assetmanagement

Hotels can be complex operations, however at the heart are the people managing, operating and running your business. Are they realizing your vision and collaborating with you on your journey to success. Let us know your thoughts on the complexities of hotel operations, complex, involved, detailed or with the right strategy they are easy to maneuver? David Fraser Bill Edwards David Simpson Daniella Tonetto Robert Scullin #assetmanagement #hotelinvestment #hospitalitymanagement #hospitalityindustry #hotelvaluations #teamwork #visionaryleadership

We're proud to share that our Vice President of Strategic Operations, Sam Makani, was recently featured in an insightful article by Hotel Investment Today highlighting Sam’s contributions to a panel discussion at the Hotel Data Conference (HDC) in Nashville. During the discussion, Sam and fellow panelists explored key metrics, their perspectives on CapEx, and their positive outlooks for the future. We encourage you to delve into the article below and gain valuable insights. A special thank you to Rob Schneider for sharing this piece! Read the full article here: https://lnkd.in/gxxG8gE4 #paneldiscussion #hotels #hospitalityinsights #hospitalityindustry

Hotel Owners: is your manager proactively working with your best interests in mind? For more critical questions pertaining to hospitality asset ownership, visit: https://lnkd.in/eFRteakr An increasing number of owners and investors have found that engaging The Plasencia Group in Owner Representation services has been the key to improving performance while striking a better balance between their objectives and those of day-to-day operators. We invite you to engage one of our experienced Owner Representation professionals who are eager to help guide you on your ownership journey. Get in touch with one of the team including, Lou Plasencia, Tony Haddad, Michelle H., and Gary Isenberg, to discuss your hospitality asset needs and how we can serve you and your property or portfolio. For detailed information about our Owner Representation capabilities, as well as the full slate of services for the complete asset ownership lifecycle, visit https://lnkd.in/eF4pXi8Q #CRE #hotels #resorts #hotelinvesting #lodging #hospitality #advisory #theplasenciagroup #lodgingmarket #hospitalityindustry #lodgingindustry #ownerrepresentation #assetmanagement

In the latest edition of Hospitality Industry Insights, we discuss Owner Representation services for owners and investors in the hospitality industry. For an increasing number of owners and investors, having the benefit of a trusted relationship with an experienced team of owner representatives has been the key to improving performance while striking a better balance between their personal and business objectives and those of the on-site operators. Our Owner Reps play a vital and active role in the operation of a hotel or resort that goes far beyond a typical asset management assignment. Read the full article at our website by visiting: https://lnkd.in/eTemjW8Y The Plasencia Group would love the opportunity to partner with you and explore what our over 30 years of experience can do for you and your hotel or resort. Reach out to one of our Owner Representation specialists, Lou Plasencia, Tony Haddad, Michelle H., or Gary Isenberg to start the conversation. #CRE #hotels #hotelinvestment #lodging #hospitality #advisory #theplasenciagroup #lodgingmarket #hospitalityindustry #ownerrepresentation #assetmanagement

As hotel budget season approaches, now is an excellent time to focus on the specific steps their operators should be taking to enhance bottom line profitability.

What’s really interesting about the two Kasa assets mentioned in the article, is the totally unique approach Kasa took to bringing these hotels online compared to a typical operator. In partnership with patient and might I say awesome Owners, we were able to strip down these assets Ops wise to an MVP operating model, insanely labor light. But we didn’t stop there, we studied the Quality impacts of doing so, and tested various new programs from Capex investments to labor additions. In so doing, we didn’t spend owner dollars until we were able to much more clearly measure the impact of a marginal program, role or investment by building an ROI based case rather than just assuming that because a prior operator did something, it was a good idea. This has led to margins that don’t just start high, but steadily improve over time as well.