Latest news with #Aimbridge
Yahoo
5 days ago
- Business
- Yahoo
Stonebridge names Kevin Dingle chief development officer
This story was originally published on Hotel Dive. To receive daily news and insights, subscribe to our free daily Hotel Dive newsletter. Stonebridge Companies named Kevin Dingle chief development officer, the Denver-based hotel management company announced Wednesday. In his new role, Dingle will lead Stonebridge's development team and strategy across all property types and geographies, per the firm. Stonebridge's management portfolio comprises more than 160 hotels across 20-plus states, according to its website. Dingle joins Stonebridge from Aimbridge Hospitality, where he served as senior vice president of business development for nearly a decade, according to his LinkedIn. The hospitality industry veteran began his real estate career with Dallas-based Crow Holdings, where he was involved in over $750 million worth of acquisitions, dispositions and refinancing as the company's vice president of acquisitions, according to Stonebridge. Dingle was also principal and co-founder of Compass Lodging Advisors. 'I'm very excited to be working for Stonebridge, a company with tremendous growth prospects and a seasoned management team,' Dingle shared on LinkedIn. Last year, the firm tapped another Aimbridge alum, Rob Smith, for its CEO role. Prior to joining Stonebridge, Smith was Aimbridge's president of full-service. And last month, Adam Snow, also from Aimbridge, joined Stonebridge as executive vice president and chief strategy officer, according to Hotel Business. In 2024, Stonebridge acquired Real Hospitality Group for $60 million. In a report on third-party hotel management, JLL pointed to the buy as a type of M&A the space could see more of in the future. Nearly half of branded hotels are now managed by third parties, JLL's December 2024 report found.
Yahoo
01-08-2025
- Business
- Yahoo
Aimbridge names Allison Handy chief commercial officer
This story was originally published on Hotel Dive. To receive daily news and insights, subscribe to our free daily Hotel Dive newsletter. Aimbridge Hospitality named Allison Handy chief commercial officer, the Plano, Texas-based hospitality management firm announced Thursday. Handy was previously the company's executive vice president for commercial, according to her LinkedIn. In her new role, Handy will continue to lead Aimbridge's commercial functions, including sales, revenue management, marketing and e-commerce, all of which operate under a unified strategy to optimize profitability and performance, according to Aimbridge. Aimbridge CEO Craig Smith said leaders like Handy will be instrumental as the company pursues 'new opportunities in today's evolving market.' Handy joined Aimbridge in 2021, according to the announcement. Since joining, she has 'shaped a cohesive, companywide commercial strategy,' Aimbridge said. 'Launching a fully integrated Commercial model last year has significantly enhanced how we deploy strategy across sales, marketing, and revenue,' Handy said in a statement, adding that the alignment 'has driven stronger topline performance, greater profitability, and deeper value for our owners.' Before joining Aimbridge, Handy held senior commercial roles at Prism Hotels & Resorts and Interstate Hotels & Resorts. She also serves on the Hospitality Sales and Marketing Association International's Americas board. Last year, Aimbridge appointed Smith CEO and restructured its U.S. operations by creating two focused operating divisions. Since then, the company has named a new CFO, chief global growth officer and board of managers. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Hospitality Net
10-06-2025
- Business
- Hospitality Net
Step Into Style: Hilton New York Fashion District Unveils Bold Renovation Inspired by Designer Studios
The Hilton New York Fashion District has unveiled a fresh new look as part of extensive property-wide renovations designed to enhance the guest experience. Conveniently located in the heart of Manhattan's Fashion District, this 280-room property blends modern comfort with inspiration drawn from the creative energy of a designer's working studio. The property updates include a complete refresh of all guestrooms, public spaces, and meeting areas. Inspiration was drawn from the working studio of a fashion designer — a fitting testament to the property's location on the border of Midtown and Chelsea, across from the Fashion Institute of Technology and blocks from Penn Station and Madison Square Garden. The hotel brings the neighborhood's heritage to life — from headboard wall coverings styled like fabric swatches and pattern cuts, to desks adorned with design sketches. The theme carries into the hotel's meeting spaces, now aptly named the "Haute Hub" and "Runway," further immersing guests in a stylish, curated atmosphere. Guests can also enjoy the rooftop bar, live music programming, and modern dining options, including the Sandbar Rooftop bar and Chelsea Table and Stage restaurant, in addition to city skyline views, a 24-hour fitness center, in-room dining, business center, and free high-speed Wi-Fi. The Hilton New York Fashion District is managed by Aimbridge Hospitality, the world's leading third-party hotel management company. The renovation was managed by Aimbridge's Design & Construction team, led by Denise Pickles, and brought to life by award-winning design firm Gensler. Visit the Hilton New York Fashion District website to learn more about the property and to make reservations. Hotel website
Yahoo
27-01-2025
- Business
- Yahoo
Aimbridge Hospitality Set to Prioritize Growth and Results in 2025 Following a Year of Transformation
Global hospitality leader prioritizes owner partnerships and operational excellence in year ahead LOS ANGELES, Jan. 27, 2025 /PRNewswire/ -- Aimbridge Hospitality, the world's leading third-party hotel management company, is poised for a strong 2025 following a year of transformation, which saw the company reinforcing its commitment to owner partners with tailored solutions and sustainable portfolio expansion throughout North America, EMEA, and LATAM. "At Aimbridge, our focus on our owners as our primary customers defines our approach to hospitality," said Craig S. Smith, Aimbridge Hospitality CEO. "By empowering general managers, focusing on performance management and leveraging our scale, we ensure operational excellence and drive sustainable growth for our stakeholders. In 2024, we transformed our leadership structure and deepened our commitment to company culture; focused on accountability and delivering results for our owners, and tapped into our best-in-class data and reporting capabilities. As we look ahead, we remain dedicated to being the most trusted hotel employer and operator, creating value through exceptional guest experiences and fostering success for our owners, associates, and brand partners." Notable Property AdditionsThe addition of a diverse range of high-performing properties in 2024 showcases Aimbridge's services at scale and its unique ability to manage and enhance a wide array of assets across global markets. Notable property additions include TRIBE Manchester Airport, a bold, tech-forward hotel redefining airport hospitality in the UK; Bloom Tulum, an eco-conscious luxury property featuring the Mexican region's first Apartments by Marriott; Twickenham Stadium Hotel, located next to the London Allianz Stadium (formerly Twickenham Stadium) and part of the Radisson Hotel Group; and Ace Hotel & Swim Club Palm Springs, a chic desert oasis blending contemporary design with a relaxed lifestyle in California. Additional highlights include Circa 39 Hotel, Miami Beach, undergoing a multimillion-dollar rebranding to join IHG's Vignette Collection, and Marriott Austin North, strengthening Aimbridge's Full Service division in the "Live Music Capital of the World." Aimbridge also now manages the Hilton Buena Park Anaheim, offering a luxurious Southern California experience in a newly opened property; Courtyard Culver City Los Angeles, showcasing over 12,000 square feet of meeting space near top attractions; and Wyndham Garden Mazatlán Marina, a state-of-the-art property in "The Pearl of the Pacific" that enriches Aimbridge's LATAM portfolio. Prioritizing Owners, Delivering ResultsAimbridge delivered value to its owners throughout 2024 by prioritizing alignment with their goals and leveraging its industry-leading expertise. The company continues to tap into its unmatched services at scale, utilizing advanced technology, data, and processes to optimize hotel performance and deliver superior results across its portfolio. In addition to launching its proprietary industry-leading data reporting platform Aimbridge Intelligence in the fall, Aimbridge also introduced Aimbridge Commercial, a restructuring of its topline disciplines designed to generate revenue for owners through a fully integrated Commercial model. With sales, marketing, and revenue management under one unified strategy, this approach maximizes profitability and performance across Aimbridge's portfolio, which employs more above-property sales leaders than any other third-party operator. "Aimbridge Commercial is a strategic step forward, enabling us to drive growth at scale by delivering highly focused, owner-centric solutions," said Allison Handy, Aimbridge Hospitality Executive Vice President of Commercial. "With a sharp focus on maximizing profitability and ensuring long-term value, our integrated model allows our team of commercially minded leaders to work cross-functionally to drive performance and respond more quickly and effectively to market changes, now and in the future." To provide further insight into Aimbridge Commercial and its value proposition, the company has launched a detailed overview of this model and its origins. In this piece, read how Aimbridge's integrated strategy is driving measurable success through cross-disciplinary initiatives, showcasing how the company's cohesive approach is designed to deliver higher returns and optimize every aspect of Commercial performance. The Aimbridge Commercial Whitepaper is available for download here. A Strong StartAimbridge earlier this month announced the signing of a Restructuring Support Agreement (RSA) with overwhelming support from its first and second lien lenders and its existing sponsor to strengthen the company's financial position. The RSA right-sizes the company's capital structure by converting more than $1.1 billion in debt to equity and infusing $100 million in new capital to give Aimbridge one of the healthiest balance sheets in the industry, reflecting the lenders' tremendous confidence in the future of the company. About Aimbridge HospitalityAimbridge Hospitality is the world's leading global hospitality management company. A trusted operator of over 80 globally recognized lodging brands and distinctive luxury and lifestyle assets, Aimbridge delivers compelling results for hotel owners by leveraging proprietary data and insights as an authority in key markets and destinations, while creating exceptional guest experiences. Aimbridge continually strives to set the new standard in hospitality excellence, leading the industry into the future through a wealth of unmatched resources and best-in-class supplier agreements, while recruiting and developing top industry talent in all key verticals and geographies. To learn more, visit Connect with Aimbridge on LinkedIn. View original content to download multimedia: SOURCE Aimbridge Hospitality Sign in to access your portfolio
