Baptist Health is planning to build a 15-story, $110 million hotel to its campus on the Downtown Southbank in Jacksonville, Florida. The 226-guestroom hotel is planned at Palm Avenue and Gary Street on an 1.82-acre site at 1051 Palm Ave., which is now a parking lot. Plans include a 5,000-square-foot rooftop restaurant and terrace open to the public, plus 130 parking spaces. Concord Hospitality Enterprises would operate the hotel.

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As hotels navigate continued pressure on rooms revenue, F&B has firmly stepped into the spotlight as one of the most powerful drivers of ancillary income. For F&B leaders, the opportunity to maximise spend while streamlining operations has never been more compelling. Mobile ordering in particular has seen a marked acceleration in its adoption and impact in recent years as operators look to do more with leaner teams while enhancing the guest experience.As hotels navigate continued pressure on rooms revenue, F&B has firmly stepped into the spotlight as one of the most powerful drivers of ancillary income. For F&B leaders, the...


The association will mark a significant milestone in the expansion of global hospitality brands across Mumbai’s Western Region business corridors and will reinforce SanRaj Group’s strategic role in onboarding international hospitality operators, said a release issued by Zon Hotels.The association will mark a significant milestone in the expansion of global hospitality brands across Mumbai’s Western Region business corridors and will reinforce SanRaj Group’s strategic role in onboarding international hospitality operators, said a release issued by Zon Hotels. 


Revenue from operation grew 10.7 percent YoY to Rs 790 crore with volume growth of 8.4 percent YoY and EBITDA grew 77.1 percent YoY to Rs 98.4 crore with a margin of 12.5 percent (up by 466 bps YoY) due to favourable raw material prices as compared to base quarter, said a company release.Revenue from operation grew 10.7 percent YoY to Rs 790 crore with volume growth of 8.4 percent YoY and EBITDA grew 77.1 percent YoY to Rs 98.4 crore with a margin of 12.5 percent (up by 466 bps YoY) due to favourable raw material prices as compared...


Accrual accounting for hotels is essential for modern hotel financial planning and analysis. Unlike cash accounting, which only records transactions when money changes hands, accrual accounting captures revenues and expenses when they are incurred. This provides a more accurate view of a hotel’s performance and helps operators, asset managers, and owners make informed decisions.Accrual accounting for hotels is essential for modern hotel financial planning and analysis. Unlike cash accounting, which only records transactions when money changes hands, accrual accounting captures revenues and expenses when they are incurred. This provides a more accurate view of a hotel’s performance and helps operators,...


Embracing the spirit and raw beauty of the desert, Renaissance Esmerelda Resort & Spa – an iconic Coachella Valley retreat known for its immersive experiences – has completed a multi-million-dollar reinvestment program. The 560-room resort’s comprehensive transformation delivers a vibrant, contemporary refresh across public areas, meeting rooms, ballrooms and foyers, along with new pickleball courts, a fully redesigned front desk and lobby, and the debut of Seven Olive, a modern gastropub, alongside Topgolf Swing Suites.Embracing the spirit and raw beauty of the desert, Renaissance Esmerelda Resort & Spa – an iconic Coachella Valley retreat known for its immersive experiences –...

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