article thumbnail

JLL survey: U.S. hotel investment poised for growth in 2025

Hotel Business

The survey found a record 80% of investors intend to maintain or increase their capital investment in the hotel sector over the coming year—the highest total ever recorded in the survey since it began in 2000. In recent months, global hotel investment volume has strengthened, with year-to-date Q3 liquidity reaching $40.9 billion, up 10.2%

Marketing 102
article thumbnail

Cooper Hotels CFO David Krueger retires

Hotel Business

Replacing him in the position is Allen Ruffin, who has been the company’s controller since 2000. Ruffin has been responsible for overseeing all hotel accounting functions including direction of all controllers in the field. He has more than 39 years of experience in finance and accounting.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Allen Read, Casi Johnson to lead M3

Hotel Business

M3, a provider of hotel-accounting software and services, has promoted Allen Read to the role of CEO, succeeding John McKibbon, who will continue as chairman. Casi Johnson Johnson has been a member of the M3 organization since 2000. In addition, Casi Johnson has been promoted to president.

article thumbnail

Food Hall Brand Finding Community in Emerging Markets

Modern Restaurant Management

In Orlando, our most recent project, we added a 5000 sq ft space for seated or standing events and a 2000 sq ft kitchen for food prep. Vendors can focus on their craft (food, beverage, and customer service) while my team and I manage the back-end work like accounting, operations, and marketing.

Marketing 100
article thumbnail

Hotel financial statements: What are they and how to read them

SiteMinder

Accounts receivable. Accounts payable. Accountant fees. Hotel balance sheet example. Here’s an example of a hypothetical hotel balance sheet: Balance sheet for ABC Hotel. . Current assets. Petty cash. Prepaid expenses. Fixed assets. Property and land. 150,000. . Equipment/tools. TOTAL ASSETS. 290,590. . Credit cards payable.

Pricing 72
article thumbnail

STAAH New Integrations 2023

STAAH

AltoVita’s award-winning technology creates a cloud-based bridge between the highly fragmented property distribution system and Global 2000 companies. Find out more here REI Master is a comprehensive Property Management and Trust Accounting System. Find out more here Hotel management program designed and developed by Thai people.

article thumbnail

Five Things Every Restaurant Can Do to Boost Profits While Reopening

Modern Restaurant Management

Third, menus should take into account changing customer bases. CoGS for the period is $2000. This may entail separate packaging that maintains the freshness of the ingredients, or coming up with pre-cooked meal kits for the customer to re-heat up and assemble at home. At the end of the week, you had inventory worth $4,000.