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Crestpoint Companies’ president and CEO Kal Patel shows us what’s on tap for the hospitality development, management and investment firm in 2014 and beyond.

Today in the news

D.C.’s Embassy Suites unveils new, homier suites
posted on Sep 01 14

Embassy Suites at the Chevy Chase Pavilion in Washington, D.C., is overhauling its property and as part of that, it’s created a new, homier feel for 32 of its deluxe suites. HVS Design and Jonathan Nehmer & Associates, which is overseeing the work, used cozy colors and dark woods throughout the two-room suites and installed art showing local scenes. Read the HotelsMag.com story here

Posted by: davidc@ccr-mag.com
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How Chicago’s grocery scene is changing with the economy
posted on Sep 01 14

Middle-tier grocers, such as the now-defunct Dominick’s, have made way for more discount retailers like ALDI and high-end ones like Whole Foods in Chicago’s changing grocery landscape. Read the WBEZ-FM story here

Posted by: davidc@ccr-mag.com
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MGM Grand launches Stay Well meeting rooms
posted on Aug 29 14

Meeting spaces at the MGM Grand resort in Las Vegas have been overhauled to include health and wellness elements under MGM Resorts‘ Stay Well initiative. The spaces now feature a high-tech air purification system, posture-improving floor mats, nature-emulating lighting, aromatherapy and healthy food options. Read the Travel Weekly story here

Posted by: davidc@ccr-mag.com
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PwC US predicts hotel occupancy will reach 64.8% in 2015
posted on Aug 29 14

PwC US has revised its forecast for U.S. hotel occupancy rate in 2015 to 64.8 percent — the highest level for the metric since 1995. The group is projecting a 6.9 percent increase in revenue per available room — down from 7.6 percent in 2014 — as average daily rate is expected to reach a record growth of 5.7 percent. Demand for lower-priced hotels is expected to increase next year amid continued supply growth in the higher-tier segments, PwC said. Read the Skift story here

Posted by: davidc@ccr-mag.com
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Hotel fees to reach $2.25 billion in 2014, study finds
posted on Aug 29 14

A new study by a professor at New York University estimates that $2.25 billion in hotel revenue this year will come from fees and ancillary services — 6 percent higher than last year and almost twice what was seen 10 years ago. Since the introduction of resort fees in 1997, surcharges have expanded to such services as minibar supplies, early check-out and in-room safes. Read the Time.com story here

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