While Las Vegas is known for its flashy, show business esthetic, The Cosmopolitan of Las Vegas leans into a more contemporary, upscale side of the city. To introduce them to its renovated public spaces and gain their feedback on proposed room designs, the hotel had invited more than 400 employees and frequent guests to experience and choose a favorite among various guestroom designs. The winning design has now been implemented throughout property’s Boulevard Tower, with its Chelsea Tower due to finish renovations before the end of 2018. Click here to read more about the Wraparound Terrace Suite.
In the center of Napa Valley wine country, The Estate Yountville is a 22-acre compound composed of two ultra-luxe lifestyle hotels, a spa, dining complex, and event spaces. The Estate is currently in the midst of a transformation, with massive renovation projects updating the property and bringing it into the current day. Of the hotels, Hotel Villagio faces downtown and will offer a more “clubby” atmosphere when it reopens this spring. Read more about the design here.
Renaissance Hotel is transforming its brand by completely redesigning properties to immerse guests in local cultures. Each design is meant to evoke authenticity through theatricality, novelty, and unscripted elements chosen to tell an area’s story. Read more about the design updates and about the Renaissance event at the Joyce Theater in Manhattan here.
While many hoteliers may inwardly groan at the cost of a full-property renovation, giving a hotel a facelift is a great way to boost guest satisfaction, which in turn leads to higher occupancy, revenue growth, and an overall more profitable business. While effective renovations can generate a tremendous return on investment (ROI), executing a renovation successfully requires that hoteliers work in tandem with designers, operators, and construction workers to create a cohesive final product. Going into this process with a plan is imperative, as clashes along the way result in delays and lost revenue. Click here to read the full feature.
Marcus & Millichap recently released its 2018 Hospitality North American Investment Forecast. The report highlights emerging trends that are impacting hospitality investments, regional metrics from the United States and Canada, and construction and occupancy predictions for each area. Read more highlights from the report here.
Whether a new owner or a seasoned veteran, adopting a homeless pet is always a rewarding and enjoyable experience for people who love animals. While people looking to adopt a new best friend often turn to local shelters or the internet, hotels are also getting in on the action. One such pet adoption program is Bleau Adopts at the Fontainebleau Miami Beach, which connects deserving potential pets to team members. More from this National Pet Day feature can be found here.
AETHOS Consulting Group–a hospitality advisory firm that works with hotels, restaurants, casinos, cruise lines, and clubs–has released results of a new survey revealing hotel asset management compensation trends. The Hotel Asset Management Compensation Report is based on the responses of more than 200 asset management executives, owners, asset management advisory firms, and hotel management companies. Read the full report here.