Hotel

Hamptons crackdown continues with Marram hotel the latest target

After Page Six reported that there has been a crackdown on Hamptons hot spots in the coronavirus era this summer, Bridgeton Holdings’ Marram hotel is the latest target.

East Hampton’s Town Board has sought an injunction to prohibit “continued use of the premises,” explaining in a release on Friday that the swanky Montauk digs have been cited for ongoing violations including “the creation and use of multiple unapproved bar areas,” as well as an “unauthorized conversion of a retail snack bar to a full-service restaurant with an expanded outdoor cooking area.”

The eatery, Mostrador Marram, has chefs from Il Buco. Charges were issued July 14 and July 18 with citations for “lack of site plan approval, no building permit, and failure to obtain a Certificate of Occupancy and a tent permit,” according to the release.

A July 27 inspection by the local health department found that “the restaurant was operating

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Losses Mount For Hotel Owners Burning Through Cash As Recovery Slows

Major U.S. hotel companies lost hundreds of millions of dollars in the spring as they gradually reopened hotels this summer to low demand, and their leaders expect there could be a long road back to profitability. 

The 1 Hotel South Beach at 2341 Collins Ave. in Miami Beach

Courtesy: 1 Hotel South Beach

The 1 Hotel South Beach at 2341 Collins Ave. in Miami Beach

The hotel industry, by job losses and debt defaults, has been the hardest hit by the pandemic. The biggest owners and operators of hotels have revealed a host of new financial information over the last two weeks as companies release their earnings reports for the second quarter, which includes the nadir of pandemic-related shutdowns.

In addition to the data from April through June, which shows billions of dollars in losses for hotel REITs and brand giants, the companies have shined a light on a discouraging trend that materialized in July. 

A spike in COVID-19 cases across the

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Ladder Capital Seeks to Foreclose on Witkoff’s South Beach hotel

Steve Witkoff and the Washington Park Hotel (Getty, Google Maps)

Steve Witkoff and the Washington Park Hotel (Getty, Google Maps)

A lender is seeking to foreclose on the Witkoff Group’s South Beach hotel after it alleges the developer failed to make its July payment on a $45 million loan.

Ladder Capital Finance filed a foreclosure lawsuit against the owner of the 181-room Washington Park Hotel and is seeking to collect the entire loan, along with interest and late fees. Private equity giant Carlyle Group is also a partner in the hotel at 1050 Washington Avenue.

The lawsuit was filed on July 22 in Miami-Dade County Circuit Court and is one of the largest foreclosure lawsuits in South Florida since the coronavirus pandemic began.

The boutique Art Deco hotel reopened in 2016 after an extensive renovation.

Ladder Capital provided the $45 million loan to the hotel in May 2016. The New York-based lender sent the company a letter of default on

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New hotel hopes to court Hudson Valley ‘makers’

HUDSON — The Maker Hotel was meant to open here in late March or early April. The coronavirus pandemic, of course, prevented that from happening.

But as the hotel prepares for its grand opening next week after about five years of development, its owners hope it can serve as a safe and healthy place for artists, writers and other creative minds to get away from the hustle and bustle of the city.

The opening of the hotel marks the latest hip addition to the city of Hudson. Lev Glazman, one of the hotel’s co-founders, said Hudson’s diversity and eccentricity made it an irresistible draw for the project.

“There’s a very cool and amazing atmosphere and energy in Hudson,” Glazman said. “It’s very, very diverse. There’s a lot of creative energy here — the whole Hudson Valley area.  There’s something electric, and the people who live here feel very connected to

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Hotel guests checking in for the long haul

Forget checking into a hotel for a long weekend or a week. In the wake of Covid-19, travelers around the world are booking stays that last a month or even longer.



a train crossing a bridge over a body of water: At Timbers Kauai, 25% of current guests are staying for a month or longer.


© Courtesy Timbers Kauai
At Timbers Kauai, 25% of current guests are staying for a month or longer.

According to hoteliers globally, it’s a pattern that started this summer when their properties reopened after being shuttered for several months. This trend appears to be continuing through the fall everywhere from Aspen and Ontario to all over Mexico and in Italy.

Dede Moan, the owner of Southampton Inn, in Southampton, New York, for instance, says that she has around a dozen reservations for month-long stays in August and September this year, compared with a handful last year.

Auberge Resorts Collection, with 19 properties globally, has several dozen long-term stays in the fall, compared with few to none last year, says

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DC inspector sent to Trump International Hotel finds no COVID-19-related violations

The investigator was sent following reports of unmasked gatherings.

On Wednesday, after images emerged appearing to show multiple instances of guests not wearing masks on Trump-owned properties, a Washington, D.C. investigator inspected President Donald Trump’s Washington hotel and found no violations related to the coronavirus.

The Alcohol Beverage Regulation Administration said guests and staff were observed to be wearing face masks and coverings in compliance with Mayor Muriel Bowser’s regulations.

The agency said it will continue to monitor the president’s hotel for compliance.

A planned “No Masks Allowed” party scheduled to be held at the D.C. hotel this weekend appears to have been called off following ABC News’ report on the event, according to the Facebook events page which now reads: “This event was canceled.”

Wednesday’s inspection follows a report by ABC News

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Australia Is Outraged As Nicole Kidman, Hollywood Celebrities Dodge Hotel Quarantine

Australians’ sense of fairness is being rocked as a string of “mega-rich” celebrities are spared from mandatory hotel quarantine on arrival in the country.

Stealing the headlines is the “fury” over homegrown Hollywood star, Nicole Kidman, getting to spend it at her country estate instead.

Since Australia closed its borders to the world on March 20, all travelers returning home are placed in compulsory hotel quarantine

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N.J. college to use Atlantic City hotel rooms for student housing

Students at Stockton University could be housed in a non-gambling hotel on the Atlantic City boardwalk as the university works to meet COVID-19 guidelines.

Stockton is finalizing an agreement with Showboat Renaissance LLC for the use of up to 400 hotel rooms at the Showboat Atlantic City Hotel to house students in the fall 2020 and spring 2021.

The deal is meant to help Stockton fill a need for additional housing as it implements state COVID-19 guidelines that reduce the number of students allowed to live in existing on-campus housing.

“Stockton promises to provide housing to all students who request it,” Stockton Executive Director of Residential Life Steven Radwanski said in a statement. “This agreement ensures that we will have sufficient housing based on current demand.”

About one-third of Stockton’s roughly 10,000 undergraduates typically live in student housing, the university said.

Freshmen will be housed only in on-campus housing.

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How to choose a hotel loyalty program



a row of lawn chairs sitting on a pool table with a blue umbrella


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We’ve been delving into hotel loyalty programs recently here at TPG, starting with Marriott Bonvoy, which is the world’s largest.

You may be loyal to a particular airline, or its loyalty program for the simple reason that it is the airline you like to fly or that it has the most/best flight options from where you’re based. But hotel loyalty programs are different. In a major city, there may be respectable properties from every major hotel group, so choosing the program that is best for you is not so simple. You’re unlikely to be ‘held captive’ to one hotel group as you might be if you lived in a hub of a particular airline.

Airlines may partner with

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Where Will Summit Hotel Properties be in 3 Years?

Summit Hotel Properties (NYSE: INN) has evolved over the past few years. While the hotel real estate investment trust (REIT) owns a similarly sized portfolio (it had 79 hotels and 11,590 guest rooms in mid-2017 versus 72 hotels and 11,288 guest rooms currently), it has sold several smaller hotels and recycled that capital into acquiring larger properties that boast higher earnings metrics. This portfolio refresh has enabled Summit to grow its RevPAR at a faster rate than its peers.

While Summit is currently facing some major headwinds due to COVID-19, the company believes it has a bright future. Here’s a look at where the hotel REIT might be in three years.

Where Summit Hotel Properties is today

As noted, Summit Hotel Properties currently has interests in 72 hotels spread across 23 states. Premium hotel brands like Marriott (NYSE: MAR), Hilton (NYSE: HLT), Hyatt (NYSE: H), and InterContinental (NYSE: IHG) operate

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