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maximum-property · 6 months
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Maximum Property Solutions
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Maximum Property Solutions, a full service property management company that likes to answer most any question with "Yes! we can do that!". We provide property management services to Landlords, Tenants and Financial Institutions. Whether you are looking for great long term tenants or need to sell you vacant property quickly - we can help! From cleanups and repairs, regular inspections, exterior maintenance, we can manage your property cost effectively! Call us today to start the conversation!
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519magazine · 1 month
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willisbusinesslaw · 3 months
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betterwindowanddoor · 10 months
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6 Things to Consider When Purchasing Energy Efficient Windows
There is a saying that says, ‘Home is where the heart is.’ But in Windsor, Ontario, home is also where we need to manage our energy bills better. With climate change and heat levels hitting new records every other week, every homeowner needs to invest in energy efficient windows.
Thanks to modern technology, energy-efficient windows are now a viable option for homeowners in Windsor Ontario, seeking to enhance their renovations, manage heat loss, increase natural lighting, and reduce air leakage.
However, buying energy efficient windows isn’t just pulling a product off the shelf; you need to really research consumer guides for window buying. After all, this is going to be a larger purchase for your home and we’re here to guide you through this glass labyrinth.
Exploring Window Styles:
Awning Windows, Bay Windows, and More
When shopping for the best energy efficient windows, you might come across a plethora of window styles, such as awning windows and bay windows.
Awning windows have hinges at the top and open outward, providing excellent ventilation and protection from rain. Bay windows extend outward from the wall, offering additional indoor space and panoramic views. Both types can add a unique architectural charm to your home.
Sliding Windows and Egress Windows
If you prefer a contemporary look, sliding windows could be your pick. These windows are easy to operate, providing you with more natural light. If safety is a concern, consider egress windows for your bedrooms and basements.
    These windows meet safety standards, offering a safe exit in case of emergencies.
Consideration 1: Deciphering the Energy Efficiency Ratings
The ABCs of Efficiency
Energy efficient windows come with efficiency ratings akin to report cards for the windows. An efficient window with an excellent rating performs well in terms of reducing energy loss, mitigating air leaks, and providing an airtight seal. This translates to lower energy costs and more comfortable indoor environments. But remember, the U-factor and visible transmittance are crucial energy ratings to consider.
Where to Look? The ENERGY STAR Label
Look for the ENERGY STAR label.
It’s a certification indicating the window meets or surpasses standards set by the ENERGY STAR program, run by the National Fenestration Rating Council (NFRC). NFRC ratings, including the Solar Heat Gain Coefficient, are the industry benchmark for window energy efficiency, with lower numbers indicating superior energy savings.
Consideration 2: The Material Matters
Choosing the Frame Material
The window frame material greatly impacts the energy efficiency of your windows. Whether you’re considering vinyl frames, wood windows, or fiberglass, each material has unique pros and cons.
For instance, vinyl windows are known for their affordability and low maintenance, while wood frames excel in insulating properties but require more upkeep.
Quality Material and Energy Performance
Framing and Glass Options
Building materials greatly impact the window’s energy performance. The most common frame materials include wood, vinyl, fiberglass, and aluminum. Each offers distinct advantages in durability, maintenance, insulation, and aesthetics.
When choosing glass options, you might encounter double-pane windows or even triple-pane windows filled with argon or krypton gas for superior insulation.
Edge Spacers and Window Glass
The edge spacers between the glass panes in windows prevent heat escape and condensation. Spacers made of low-conductive material, like silicone foam, can further enhance energy performance. Window glass with special coatings, such as Low-E coatings, can reduce heat transfer, making your home more energy-efficient.
Glazing Options and Glass Coatings
The type of glazing—single, double, or triple pane—and the presence of Low-E coatings also determine how efficiently a window insulates.
Double-glazed or even triple-glazed windows with argon gas fill offer high performance in terms of energy efficiency and noise reduction. These are especially beneficial if your home’s architecture involves large glass sections or an architect series.
Understanding Low-E Coatings
What is Low-E Glass?
Low-E glass (low emissivity) is coated with a thin layer of metal oxide. This coating reflects heat back to its source, helping to reduce energy consumption. It also minimizes the harmful UV rays that can fade your furniture and flooring.
The Role of Low-E Coatings
Low-E coatings can significantly improve your window’s energy efficiency by reducing heat loss in winter and heat gain in summer. Low-E glass coating is a worthy investment for homeowners aiming for energy savings.
Consideration 3: The Right Glazing Type
Light and Visibility Factors
The Importance of Visible Light. High-quality windows don’t just save energy; they can also enhance the amount of visible light your windows let into your home. An ideal energy-efficient window balances thermal control with adequate natural light, offering a bright, cozy space for your family.
UV Rays and Solar Radiation
While natural light is beneficial, unchecked solar radiation can lead to excess heat and potential damage to interior furnishings. Energy-efficient windows help to mitigate these harmful effects while still letting in plenty of light.
Double Glazing Vs. Triple Glazing
Double glazing involves two panes of glass, otherwise known as double-paned windows, with a layer of gas, typically argon, sandwiched between them. It offers good thermal insulation and condensation resistance. Triple-glazed windows, with their extra pane of glass, provide even better insulation and noise reduction, but they come at a higher cost.
Consideration 4: Proper Installation
A Quality Install
Even the best energy-efficient windows will underperform if not properly installed.
It’s important to choose certified window installers to ensure an airtight seal, avoiding air infiltration and poor installation. Plus, it’s always wise to opt for in-house estimates for installing windows, that way to can ask how many years they have been in business, and how many positive google reviews the company has.
The Window Buying Process
The Consumers Guide to Buying Windows
There’s a lot to consider when buying windows. A consumers’ guide can help you navigate through the sea of choices, from window styles, and materials, to energy-efficient ratings.
To maximize the energy performance of your new windows, consider energy stars, a certification from the National Fenestration Rating Council (NFRC).
Window Selection and Installation
Choosing the right window for your home involves assessing your architectural needs, energy goals, and budget. Once you have made your window selection, proper installation is crucial to ensure the windows function as intended.
Poor installation can compromise the window’s energy efficiency and lifespan. So, whether you’re buying energy-efficient windows for a new build or window replacement for a vintage home in Windsor, Ontario, it’s always wise to hire professionals to install windows.
Consideration 5: Calculating the Cost
The Price Tag and Beyond
The cost of energy-efficient windows isn’t just about the upfront price of buying new windows. Think long-term. Higher efficiency windows may have a steeper initial price but can save you more money on energy costs in the long run. Achieving the right balance is crucial.
Consideration 6: The Warranty’s Worth
Why Include a Warranty?
Warranties are your safeguard against defects in materials or installation. Many window companies offer a limited lifetime warranty, providing peace of mind that your investment is protected.
Call the Right Windows Contractor Today:
Choosing to install energy-efficient windows is more than just a home renovation project. It’s an investment in your home’s energy efficiency and your quality of life.
With this guide in hand, you’re ready to navigate the world of energy-efficient windows and make a choice that’s a perfect fit for your Windsor home. And remember, every step you take towards energy efficiency is a step towards a brighter, more sustainable future.
So, let’s open the window to opportunity, shall we? Give Allan a call today for your free Estimate on Energy Efficient Windows.
Glossary of Related Terms Related Term Definition Energy-Efficient Glass This term refers to window glass designed to prevent heat transfer, enhancing a home’s insulation. When considering energy-efficient windows, look for options like double or triple pane glass, which significantly improve energy conservation. Energy-Efficient Windows These are windows designed to limit heat transfer and enhance insulation, helping homeowners save on energy costs. Features to consider when purchasing these windows include the type of glass, frame materials, energy ratings, and the quality of installation. Entry Doors While not a window, the entry door is another significant consideration for home energy efficiency. Similar to windows, look for doors with superior insulating materials and energy-efficient glass, if applicable, to maximize your home’s overall energy efficiency. Installation Guide This refers to the instructions provided for installing windows or doors. Proper installation is essential to ensure the energy efficiency of your windows, so it’s important to either follow these guides meticulously or hire a professional installer. Low-E Coating Low-E, or low-emissivity, coating is a thin metallic layer applied to window glass to minimize the amount of infrared and ultraviolet light passing through without limiting visible light. Low-E coatings are a critical feature to consider for energy-efficient windows as they help control heat transfer. Low-E Glass This is glass that has been coated with a low-E substance to reduce heat transfer. For energy-efficient windows, low-E glass is often recommended due to its improved insulation properties. Low-E Glass Coatings These are the specific applications of low-E substances on window glass. They come in different variations (like passive or solar control low-E coatings) that can influence how much solar heat gain and light transmission occurs through the window, impacting the window’s overall energy efficiency. Single-Paned Windows These are windows with just one layer of glass. While cheaper, single-paned windows are less energy-efficient than double or triple-paned windows, making them a less desirable option when considering energy-efficient window purchases. Door Replacement This is the process of removing an existing door and installing a new one. Similar to window replacement, door replacement can significantly impact a home’s energy efficiency. When considering door replacement, look for energy-efficient options to maximize benefits. Triple Pane Glass This is a type of window glazing that uses three layers of glass, improving insulation and reducing noise. When purchasing energy-efficient windows, triple pane glass is often considered the most effective option for insulation, albeit at a higher cost.
  FAQ Section:
What type of window is most energy-efficient?
Casement windows, single-hung or double-hung, are typically the most energy-efficient because they seal tightly when closed. However, the most energy-efficient windows for your specific home depend on factors like your climate and your home’s architectural design.
Can energy-efficient windows reduce my energy bill?
Absolutely! By reducing heat transfer and air leaks, energy-efficient windows can help control your home’s temperature, thereby saving on heating and cooling costs.
Is it worth buying energy-efficient windows?
The answer is a resounding yes, particularly if you’re planning on staying in your home for a while or want to increase your home’s resale value. You may also qualify for the Canada Greener Homes Grant when installing energy-efficient windows.
What should I consider when buying energy-efficient windows?
When buying energy-efficient windows, it’s essential to look at the energy performance ratings, the type of glazing and frame material, the installation process, the cost (both upfront and long-term), and the warranty. You should also consider the style of window that best fits your home’s design.
Which are the best energy-efficient windows available in the market?
The best energy-efficient windows often have features such as triple-pane glass, low-E coatings, and superior frame materials. Additionally, they meet or exceed ratings established by the National Fenestration Ratings Council (NFRC).
What makes windows most efficient in terms of energy conservation?
Windows that offer the highest level of energy conservation usually have a low U-factor and a low Solar Heat Gain Coefficient (SHGC) and are often triple-pane. They should also have a high ENERGY STAR rating.
What is the National Fenestration Ratings Council?
The National Fenestration Ratings Council (NFRC) is a non-profit organization that provides accurate information to measure and compare the energy performance of window, door, and skylight products.
Can energy-efficient windows help reduce heating costs?
Absolutely! Energy-efficient windows minimize heat transfer, helping to keep your home warmer in the winter. This can reduce heating costs by reducing the need for artificial heating.
When should I consider replacement windows for energy efficiency?
If your existing windows are single-pane, in poor condition, or if you’re experiencing discomfort due to drafts and temperature fluctuations, it might be time to consider energy-efficient replacement windows.
What does superior energy efficiency mean in terms of windows?
Superior energy efficiency in windows means they have a high ability to insulate, prevent heat transfer, and allow for optimal light penetration while reducing harmful UV rays. They usually have features such as triple-pane glass and low-E coatings.
What are the benefits of triple pane windows?
Triple-pane windows offer exceptional energy efficiency. They have an additional pane of glass that provides more insulation, reducing heat loss and making them great for keeping homes warm in winter and cool in summer.
Does the material of window frames affect energy efficiency?
Yes, the material of window frames plays a significant role in energy efficiency. Materials like wood, vinyl, and fiberglass have different insulating properties, durability, and maintenance needs that can impact a window’s overall energy efficiency.
Where can I find reliable window providers for energy-efficient windows?
Look for window providers who offer ENERGY STAR-certified products. They should also have positive customer reviews and be able to provide professional installation services.
What types of energy-efficient windows are available?
There are various types of energy-efficient windows available, including double-hung, casement, awning, and fixed windows. They can come with different frame materials and glazing options to suit different homes and climates.
How many windows in my home should I replace for better energy efficiency?
It depends on your home’s current condition, but as a rule of thumb, replacing all old and inefficient windows will maximize energy savings. An energy audit can help determine which windows in your home would benefit most from replacement.
What is involved in having energy-efficient windows installed?
When having energy-efficient windows installed, professional installers will first remove your old windows, ensure the opening is clean and prepared, then install the new window, ensuring a tight seal. They will then inspect the installation to make sure it’s done correctly.
The post 6 Things to Consider When Purchasing Energy Efficient Windows first appeared on Better Window and Door.
Originally published here: https://betterwindowanddoor.ca/purchasing-energy-efficient-windows/?utm_source=rss&utm_medium=rss&utm_campaign=purchasing-energy-efficient-windows
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ilamarvandusenca · 11 months
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LaMar Van Dusen: A Dynamic Member of Toronto's Business Community
LaMar Van Dusen is an esteemed member of the thriving business community in Toronto, boasting a wealth of experience in various aspects of business, such as marketing, corporate finance, managerial finance, financial analysis, sourcing, staffing, sales, and consulting. Currently, he holds the position of Director at Phoenix Management, a reputable financial and accounting firm based in Ontario, Canada, which he established in 2010.
His journey began with a solid educational foundation, having studied business administration and marketing at St. Clair College. He later obtained a Bachelor of Commerce degree from Windsor University, cementing his knowledge and expertise in the field. LaMar's dedication to continuous professional growth is evident through his active membership in prominent Canadian professional organizations, including the Canadian Council for Aboriginal Business and the Indo Canada Chamber of Commerce.
Before launching Phoenix Management, LaMar Van Dusen held the role of Vice President of Sales at Advanced Presentation Products. Throughout his tenure of over two years with the company, he demonstrated exceptional leadership skills by building a successful sales team that propelled revenue from $6 million to an impressive $10 million.
Since 2010, LaMar Van Dusen has been fulfilling his role as Director at Phoenix Management, a company that initially began in his home office. At the onset, he specialized in developing business plans for independent business owners, assisting them in securing crucial capital to start and expand their ventures. During this period, LaMar formulated a distinctive service offering that seamlessly integrated principled accounting with attentive financial consulting.
Phoenix Management, under LaMar's direction, offers a comprehensive range of services, including full-service bookkeeping and accounting, business plan creation, finance consulting, business management, government grants, and strategy advisory services. The firm has successfully helped numerous Ontario-based companies secure working capital, acquire commercial properties, and invest in franchises since its establishment.
A notable achievement of Phoenix Management is its unique approach to pricing. It is the sole company in the Greater Toronto Area that offers full-service bookkeeping and corporate accounting for a single monthly flat fee. This groundbreaking concept simplifies bookkeeping and accounting for business owners while ensuring transparency and eliminating hidden fees or additional costs.
In his leisure time, LaMar Van Dusen prioritizes his well-being through engaging in various fitness-related activities. He dedicates four days a week to workout training, emphasizing the importance of maintaining a healthy and balanced lifestyle.
LaMar Van Dusen's multifaceted expertise, leadership skills, and commitment to delivering exceptional financial and accounting services have solidified his reputation as an influential member of the Toronto business community. Through Phoenix Management, he continues to empower business owners and foster their growth, contributing to the prosperity of the local economy.
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batstevenstephens · 1 year
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BRIEFS: HOTEL ÄNDRA JOINS ACCOR; CANADIAN DEBUT FOR AVID HOTELS
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Hotel Ändra joins Accor: Hotel Ändra Seattle in Seattle, Washington, has become the latest addition to Accor’s MGallery Hotel Collection. The 10-story hotel features 123 rooms and suites, and two restaurants and hosts a cooking school led by Seattle-based chef and restaurateur Tom Douglas, who also helms one of the restaurants at the property. The hotel recently underwent a US$12 million property-wide renovation. The MGallery Hotel Collection has over 55 hotels globally in varying stages of development. Accor is also set to open the first MGallery Hotel & Residences in Mexico, with the debut of Mayaliah Tulum Hotel & Residences – MGallery, expected in 2024.
avid hotels debuts in Canada: IHG Hotels & resorts has opened the first Canadian avid hotels property in Vaughan, Ontario. The avid hotel Toronto – Vaughan Southwest, owned by PI Cap, is the first out of four planned properties in Canada for IHG’s new Essentials brand. The 119-key hotel features grab-and-go options, a lobby, a pool, and gym. Currently, IHG has 180 open hotels in Canada and 40 more in the pipeline. With over 50 locations open in the U.S., Mexico and Canada, avid hotels plans to grow its footprint in Canada with more properties planned in Woodstock and Belleville in Ontario and Lethbridge, Alberta.
Xenia completes Kimpton Denver sale: Xenia Hotels & Resorts, Inc., Orlando, Florida, has completed the sale of the 189-room Kimpton Hotel Monaco Denver for US$69.75 million (US$369,000 per key). The sale price represents a 14.9x multiple on 2019 hotel EBITDA and a 20.6x multiple on hotel EBITDA for the 12 months ended September 30, 2022. The buyer has not been named. Xenia will use the proceeds from the sale for general corporate purposes, including share repurchases, repayment of debt, capital expenditures and acquisitions in line with the company’s long-term plans. Xenia owns 32 hotels totaling 9,508 rooms across 14 states.
Digital tipping at BWH hotels: BWH Hotel Group has selected eTip as a digital tipping solution for its properties in the U.S. and Canada. eTip doesn’t require an app to be downloaded or login credentials. Guests can scan a QR code from their mobile phones to tip using their preferred payment methods. eTip also provides a “tap to tip” option, which allows guests to pay through an NFC-enabled QR code. Once the guest leaves a tip electronically, associates can receive the tip amount in their bank accounts in real-time through Visa Direct. eTip helps managers to allocate tips to individual associates or pool tips by a specific team or department.
Choice announces cash dividend: Rockville, Maryland-based Choice Hotels International, Inc. has declared a cash dividend on the company’s common stock of US$0.2375 per share. The dividend is payable on January 17, 2023 to stockholders of record on January 3, 2023. Choice has managed to grow its earnings per share by 17% a year over the past five years.
Edgewater acquires Historic Windsor: 125 West Lamar LLC, a wholly-owned subsidiary of Paoli, Pennsylvania-based Edgewater Group LLC, has acquired the Historic Windsor Hotel in Americus, Georgia, for a reported US$12,500,000 or US$235,849 per key. The hotel will join Ascend Hotel Collection by Choice Hotels International. Built in 1892, the 53-key hotel occupies almost an entire city block. The five-story Victorian property comprises a tower and turret, balconies and a three-story open atrium lobby. The hotel offers six suites, business services for conferences and events, and two on-property dining options.
Foreclosure for Hilton Minneapolis: Hilton Minneapolis in Minneapolis, Minnesota, will reportedly be auctioned in a sheriff’s sale. The foreclosure auction of the 826-key hotel, which is still operational, is expected on January 13, 2023. The hotel is owned by Chicago, Illinois-based Walton Street Partners LLC and Fernandina Beach, Florida-based Haberhill. A Hennepin County judge ordered the foreclosure auction after finding the owners had been in default since April 2020 for failing to service a $180m refinancing loan they had taken out in November 2018.
NexGen acquires Chicago SpringHill Suites: Itasca, Illinois-based NexGen Hotels has acquired the 120-suite SpringHill Suites by Marriott Chicago Waukegan/Gurnee. The hotel includes an indoor pool, fitness center and a boardroom for small groups of up to 20 people.
Hard Rock to Bristol: Hard Rock International celebrated the groundbreaking of a permanent casino and hotel in Bristol, Virginia. Hard Rock International is partnering with The United Company and Par Ventures to open the 300-room The Hard Rock Hotel & Casino Bristol spanning 300,000 square feet and featuring 1,300 slots, 50 table games, a sportsbook, several dining venues and a live entertainment venue. The property is expected to open in 2024.
Monthly meetings, events volume beat 2019 levels: Monthly meetings and events volume in the U.S. surpassed 2019 levels for the first time since the pandemic, achieving 103.1% of November 2019 volume in November 2022, according to the latest data by Knowland. This November saw a 122.5% growth over November 2021. In line with native seasonality, November 2022 fell 11% over October 2022. The average number of attendees per event this November was 118, compared to 105 in November 2021 and 104 in November 2019. The average space used this November was 3,028 square feet, while it was 2,501 square feet in November 2021 and 3,009 in November 2019. The top five growth markets in November compared to October were Las Vegas, San Juan, Fort Myers, Miami and Kauai Islands. The corporate market segment accounted for 53.5% of meetings and event business, with healthcare leading as the biggest industry segment.
Sydney’s Manly Wharf goes on sale: Manly Wharf, the retail and hospitality asset in Sydney, has been listed for sale for a reported price of AU$80 million (US$53.63 million) by Robert Magid of TMG Developments. Built in 1885 as a passenger terminal, it was converted into an iconic food and beverage destination by TMG Development after it acquired the long-term leasehold in 1995. Transport for NSW owns the original lease. This comes on the heels of Magid selling two hotels — the Harbour Rocks Hotel in Sydney and Hotel Lindrum in Melbourne.
Beaumier secures €200M loan: London-based Cheyne Capital Management has completed a senior loan of over €200 million (US$209.80 million) for Beaumier, the France-based luxury boutique hotel group owned by KSL Capital. The loan, provided by funds managed and advised by Cheyne’s real estate group, will be utilized to refinance the existing bank facilities and support a capital expenditure program to upgrade the Beaumier experience. Beaumier’s portfolio includes 12 lifestyle hotels totaling 546 rooms across in France, Spain and Switzerland. The company plans to grow its pipeline with expansion projects and acquisitions in key European destinations.
AJ Capital adds in Northern Ireland: Adventurous Journeys Capital Partners has acquired the Adelphi Portrush Hotel in Northern Ireland. The hotel, which will join the Marine & Lawn Hotels & Resorts portfolio, will continue to operate as Adelphi till autumn 2023. AJ’s in-house team will then start renovations of the rooms and common spaces. In late 2024, the hotel will relaunch as part of the Marine & Lawn brand, becoming the sixth property to join the collection.
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christianlanden · 1 year
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BRIEFS: HOTEL ÄNDRA JOINS ACCOR; CANADIAN DEBUT FOR AVID HOTELS
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Hotel Ändra joins Accor: Hotel Ändra Seattle in Seattle, Washington, has become the latest addition to Accor’s MGallery Hotel Collection. The 10-story hotel features 123 rooms and suites, and two restaurants and hosts a cooking school led by Seattle-based chef and restaurateur Tom Douglas, who also helms one of the restaurants at the property. The hotel recently underwent a US$12 million property-wide renovation. The MGallery Hotel Collection has over 55 hotels globally in varying stages of development. Accor is also set to open the first MGallery Hotel & Residences in Mexico, with the debut of Mayaliah Tulum Hotel & Residences – MGallery, expected in 2024.
avid hotels debuts in Canada: IHG Hotels & resorts has opened the first Canadian avid hotels property in Vaughan, Ontario. The avid hotel Toronto – Vaughan Southwest, owned by PI Cap, is the first out of four planned properties in Canada for IHG’s new Essentials brand. The 119-key hotel features grab-and-go options, a lobby, a pool, and gym. Currently, IHG has 180 open hotels in Canada and 40 more in the pipeline. With over 50 locations open in the U.S., Mexico and Canada, avid hotels plans to grow its footprint in Canada with more properties planned in Woodstock and Belleville in Ontario and Lethbridge, Alberta.
Xenia completes Kimpton Denver sale: Xenia Hotels & Resorts, Inc., Orlando, Florida, has completed the sale of the 189-room Kimpton Hotel Monaco Denver for US$69.75 million (US$369,000 per key). The sale price represents a 14.9x multiple on 2019 hotel EBITDA and a 20.6x multiple on hotel EBITDA for the 12 months ended September 30, 2022. The buyer has not been named. Xenia will use the proceeds from the sale for general corporate purposes, including share repurchases, repayment of debt, capital expenditures and acquisitions in line with the company’s long-term plans. Xenia owns 32 hotels totaling 9,508 rooms across 14 states.
Digital tipping at BWH hotels: BWH Hotel Group has selected eTip as a digital tipping solution for its properties in the U.S. and Canada. eTip doesn’t require an app to be downloaded or login credentials. Guests can scan a QR code from their mobile phones to tip using their preferred payment methods. eTip also provides a “tap to tip” option, which allows guests to pay through an NFC-enabled QR code. Once the guest leaves a tip electronically, associates can receive the tip amount in their bank accounts in real-time through Visa Direct. eTip helps managers to allocate tips to individual associates or pool tips by a specific team or department.
Choice announces cash dividend: Rockville, Maryland-based Choice Hotels International, Inc. has declared a cash dividend on the company’s common stock of US$0.2375 per share. The dividend is payable on January 17, 2023 to stockholders of record on January 3, 2023. Choice has managed to grow its earnings per share by 17% a year over the past five years.
Edgewater acquires Historic Windsor: 125 West Lamar LLC, a wholly-owned subsidiary of Paoli, Pennsylvania-based Edgewater Group LLC, has acquired the Historic Windsor Hotel in Americus, Georgia, for a reported US$12,500,000 or US$235,849 per key. The hotel will join Ascend Hotel Collection by Choice Hotels International. Built in 1892, the 53-key hotel occupies almost an entire city block. The five-story Victorian property comprises a tower and turret, balconies and a three-story open atrium lobby. The hotel offers six suites, business services for conferences and events, and two on-property dining options.
Foreclosure for Hilton Minneapolis: Hilton Minneapolis in Minneapolis, Minnesota, will reportedly be auctioned in a sheriff’s sale. The foreclosure auction of the 826-key hotel, which is still operational, is expected on January 13, 2023. The hotel is owned by Chicago, Illinois-based Walton Street Partners LLC and Fernandina Beach, Florida-based Haberhill. A Hennepin County judge ordered the foreclosure auction after finding the owners had been in default since April 2020 for failing to service a $180m refinancing loan they had taken out in November 2018.
NexGen acquires Chicago SpringHill Suites: Itasca, Illinois-based NexGen Hotels has acquired the 120-suite SpringHill Suites by Marriott Chicago Waukegan/Gurnee. The hotel includes an indoor pool, fitness center and a boardroom for small groups of up to 20 people.
Hard Rock to Bristol: Hard Rock International celebrated the groundbreaking of a permanent casino and hotel in Bristol, Virginia. Hard Rock International is partnering with The United Company and Par Ventures to open the 300-room The Hard Rock Hotel & Casino Bristol spanning 300,000 square feet and featuring 1,300 slots, 50 table games, a sportsbook, several dining venues and a live entertainment venue. The property is expected to open in 2024.
Monthly meetings, events volume beat 2019 levels: Monthly meetings and events volume in the U.S. surpassed 2019 levels for the first time since the pandemic, achieving 103.1% of November 2019 volume in November 2022, according to the latest data by Knowland. This November saw a 122.5% growth over November 2021. In line with native seasonality, November 2022 fell 11% over October 2022. The average number of attendees per event this November was 118, compared to 105 in November 2021 and 104 in November 2019. The average space used this November was 3,028 square feet, while it was 2,501 square feet in November 2021 and 3,009 in November 2019. The top five growth markets in November compared to October were Las Vegas, San Juan, Fort Myers, Miami and Kauai Islands. The corporate market segment accounted for 53.5% of meetings and event business, with healthcare leading as the biggest industry segment.
Sydney’s Manly Wharf goes on sale: Manly Wharf, the retail and hospitality asset in Sydney, has been listed for sale for a reported price of AU$80 million (US$53.63 million) by Robert Magid of TMG Developments. Built in 1885 as a passenger terminal, it was converted into an iconic food and beverage destination by TMG Development after it acquired the long-term leasehold in 1995. Transport for NSW owns the original lease. This comes on the heels of Magid selling two hotels — the Harbour Rocks Hotel in Sydney and Hotel Lindrum in Melbourne.
Beaumier secures €200M loan: London-based Cheyne Capital Management has completed a senior loan of over €200 million (US$209.80 million) for Beaumier, the France-based luxury boutique hotel group owned by KSL Capital. The loan, provided by funds managed and advised by Cheyne’s real estate group, will be utilized to refinance the existing bank facilities and support a capital expenditure program to upgrade the Beaumier experience. Beaumier’s portfolio includes 12 lifestyle hotels totaling 546 rooms across in France, Spain and Switzerland. The company plans to grow its pipeline with expansion projects and acquisitions in key European destinations.
AJ Capital adds in Northern Ireland: Adventurous Journeys Capital Partners has acquired the Adelphi Portrush Hotel in Northern Ireland. The hotel, which will join the Marine & Lawn Hotels & Resorts portfolio, will continue to operate as Adelphi till autumn 2023. AJ’s in-house team will then start renovations of the rooms and common spaces. In late 2024, the hotel will relaunch as part of the Marine & Lawn brand, becoming the sixth property to join the collection.
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BRIEFS: HOTEL ÄNDRA JOINS ACCOR; CANADIAN DEBUT FOR AVID HOTELS
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Hotel Ändra joins Accor: Hotel Ändra Seattle in Seattle, Washington, has become the latest addition to Accor’s MGallery Hotel Collection. The 10-story hotel features 123 rooms and suites, and two restaurants and hosts a cooking school led by Seattle-based chef and restaurateur Tom Douglas, who also helms one of the restaurants at the property. The hotel recently underwent a US$12 million property-wide renovation. The MGallery Hotel Collection has over 55 hotels globally in varying stages of development. Accor is also set to open the first MGallery Hotel & Residences in Mexico, with the debut of Mayaliah Tulum Hotel & Residences – MGallery, expected in 2024.
avid hotels debuts in Canada: IHG Hotels & resorts has opened the first Canadian avid hotels property in Vaughan, Ontario. The avid hotel Toronto – Vaughan Southwest, owned by PI Cap, is the first out of four planned properties in Canada for IHG’s new Essentials brand. The 119-key hotel features grab-and-go options, a lobby, a pool, and gym. Currently, IHG has 180 open hotels in Canada and 40 more in the pipeline. With over 50 locations open in the U.S., Mexico and Canada, avid hotels plans to grow its footprint in Canada with more properties planned in Woodstock and Belleville in Ontario and Lethbridge, Alberta.
Xenia completes Kimpton Denver sale: Xenia Hotels & Resorts, Inc., Orlando, Florida, has completed the sale of the 189-room Kimpton Hotel Monaco Denver for US$69.75 million (US$369,000 per key). The sale price represents a 14.9x multiple on 2019 hotel EBITDA and a 20.6x multiple on hotel EBITDA for the 12 months ended September 30, 2022. The buyer has not been named. Xenia will use the proceeds from the sale for general corporate purposes, including share repurchases, repayment of debt, capital expenditures and acquisitions in line with the company’s long-term plans. Xenia owns 32 hotels totaling 9,508 rooms across 14 states.
Digital tipping at BWH hotels: BWH Hotel Group has selected eTip as a digital tipping solution for its properties in the U.S. and Canada. eTip doesn’t require an app to be downloaded or login credentials. Guests can scan a QR code from their mobile phones to tip using their preferred payment methods. eTip also provides a “tap to tip” option, which allows guests to pay through an NFC-enabled QR code. Once the guest leaves a tip electronically, associates can receive the tip amount in their bank accounts in real-time through Visa Direct. eTip helps managers to allocate tips to individual associates or pool tips by a specific team or department.
Choice announces cash dividend: Rockville, Maryland-based Choice Hotels International, Inc. has declared a cash dividend on the company’s common stock of US$0.2375 per share. The dividend is payable on January 17, 2023 to stockholders of record on January 3, 2023. Choice has managed to grow its earnings per share by 17% a year over the past five years.
Edgewater acquires Historic Windsor: 125 West Lamar LLC, a wholly-owned subsidiary of Paoli, Pennsylvania-based Edgewater Group LLC, has acquired the Historic Windsor Hotel in Americus, Georgia, for a reported US$12,500,000 or US$235,849 per key. The hotel will join Ascend Hotel Collection by Choice Hotels International. Built in 1892, the 53-key hotel occupies almost an entire city block. The five-story Victorian property comprises a tower and turret, balconies and a three-story open atrium lobby. The hotel offers six suites, business services for conferences and events, and two on-property dining options.
Foreclosure for Hilton Minneapolis: Hilton Minneapolis in Minneapolis, Minnesota, will reportedly be auctioned in a sheriff’s sale. The foreclosure auction of the 826-key hotel, which is still operational, is expected on January 13, 2023. The hotel is owned by Chicago, Illinois-based Walton Street Partners LLC and Fernandina Beach, Florida-based Haberhill. A Hennepin County judge ordered the foreclosure auction after finding the owners had been in default since April 2020 for failing to service a $180m refinancing loan they had taken out in November 2018.
NexGen acquires Chicago SpringHill Suites: Itasca, Illinois-based NexGen Hotels has acquired the 120-suite SpringHill Suites by Marriott Chicago Waukegan/Gurnee. The hotel includes an indoor pool, fitness center and a boardroom for small groups of up to 20 people.
Hard Rock to Bristol: Hard Rock International celebrated the groundbreaking of a permanent casino and hotel in Bristol, Virginia. Hard Rock International is partnering with The United Company and Par Ventures to open the 300-room The Hard Rock Hotel & Casino Bristol spanning 300,000 square feet and featuring 1,300 slots, 50 table games, a sportsbook, several dining venues and a live entertainment venue. The property is expected to open in 2024.
Monthly meetings, events volume beat 2019 levels: Monthly meetings and events volume in the U.S. surpassed 2019 levels for the first time since the pandemic, achieving 103.1% of November 2019 volume in November 2022, according to the latest data by Knowland. This November saw a 122.5% growth over November 2021. In line with native seasonality, November 2022 fell 11% over October 2022. The average number of attendees per event this November was 118, compared to 105 in November 2021 and 104 in November 2019. The average space used this November was 3,028 square feet, while it was 2,501 square feet in November 2021 and 3,009 in November 2019. The top five growth markets in November compared to October were Las Vegas, San Juan, Fort Myers, Miami and Kauai Islands. The corporate market segment accounted for 53.5% of meetings and event business, with healthcare leading as the biggest industry segment.
Sydney’s Manly Wharf goes on sale: Manly Wharf, the retail and hospitality asset in Sydney, has been listed for sale for a reported price of AU$80 million (US$53.63 million) by Robert Magid of TMG Developments. Built in 1885 as a passenger terminal, it was converted into an iconic food and beverage destination by TMG Development after it acquired the long-term leasehold in 1995. Transport for NSW owns the original lease. This comes on the heels of Magid selling two hotels — the Harbour Rocks Hotel in Sydney and Hotel Lindrum in Melbourne.
Beaumier secures €200M loan: London-based Cheyne Capital Management has completed a senior loan of over €200 million (US$209.80 million) for Beaumier, the France-based luxury boutique hotel group owned by KSL Capital. The loan, provided by funds managed and advised by Cheyne’s real estate group, will be utilized to refinance the existing bank facilities and support a capital expenditure program to upgrade the Beaumier experience. Beaumier’s portfolio includes 12 lifestyle hotels totaling 546 rooms across in France, Spain and Switzerland. The company plans to grow its pipeline with expansion projects and acquisitions in key European destinations.
AJ Capital adds in Northern Ireland: Adventurous Journeys Capital Partners has acquired the Adelphi Portrush Hotel in Northern Ireland. The hotel, which will join the Marine & Lawn Hotels & Resorts portfolio, will continue to operate as Adelphi till autumn 2023. AJ’s in-house team will then start renovations of the rooms and common spaces. In late 2024, the hotel will relaunch as part of the Marine & Lawn brand, becoming the sixth property to join the collection.
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mongleelifestory · 1 year
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BRIEFS: HOTEL ÄNDRA JOINS ACCOR; CANADIAN DEBUT FOR AVID HOTELS
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Hotel Ändra joins Accor: Hotel Ändra Seattle in Seattle, Washington, has become the latest addition to Accor’s MGallery Hotel Collection. The 10-story hotel features 123 rooms and suites, and two restaurants and hosts a cooking school led by Seattle-based chef and restaurateur Tom Douglas, who also helms one of the restaurants at the property. The hotel recently underwent a US$12 million property-wide renovation. The MGallery Hotel Collection has over 55 hotels globally in varying stages of development. Accor is also set to open the first MGallery Hotel & Residences in Mexico, with the debut of Mayaliah Tulum Hotel & Residences – MGallery, expected in 2024.
avid hotels debuts in Canada: IHG Hotels & resorts has opened the first Canadian avid hotels property in Vaughan, Ontario. The avid hotel Toronto – Vaughan Southwest, owned by PI Cap, is the first out of four planned properties in Canada for IHG’s new Essentials brand. The 119-key hotel features grab-and-go options, a lobby, a pool, and gym. Currently, IHG has 180 open hotels in Canada and 40 more in the pipeline. With over 50 locations open in the U.S., Mexico and Canada, avid hotels plans to grow its footprint in Canada with more properties planned in Woodstock and Belleville in Ontario and Lethbridge, Alberta.
Xenia completes Kimpton Denver sale: Xenia Hotels & Resorts, Inc., Orlando, Florida, has completed the sale of the 189-room Kimpton Hotel Monaco Denver for US$69.75 million (US$369,000 per key). The sale price represents a 14.9x multiple on 2019 hotel EBITDA and a 20.6x multiple on hotel EBITDA for the 12 months ended September 30, 2022. The buyer has not been named. Xenia will use the proceeds from the sale for general corporate purposes, including share repurchases, repayment of debt, capital expenditures and acquisitions in line with the company’s long-term plans. Xenia owns 32 hotels totaling 9,508 rooms across 14 states.
Digital tipping at BWH hotels: BWH Hotel Group has selected eTip as a digital tipping solution for its properties in the U.S. and Canada. eTip doesn’t require an app to be downloaded or login credentials. Guests can scan a QR code from their mobile phones to tip using their preferred payment methods. eTip also provides a “tap to tip” option, which allows guests to pay through an NFC-enabled QR code. Once the guest leaves a tip electronically, associates can receive the tip amount in their bank accounts in real-time through Visa Direct. eTip helps managers to allocate tips to individual associates or pool tips by a specific team or department.
Choice announces cash dividend: Rockville, Maryland-based Choice Hotels International, Inc. has declared a cash dividend on the company’s common stock of US$0.2375 per share. The dividend is payable on January 17, 2023 to stockholders of record on January 3, 2023. Choice has managed to grow its earnings per share by 17% a year over the past five years.
Edgewater acquires Historic Windsor: 125 West Lamar LLC, a wholly-owned subsidiary of Paoli, Pennsylvania-based Edgewater Group LLC, has acquired the Historic Windsor Hotel in Americus, Georgia, for a reported US$12,500,000 or US$235,849 per key. The hotel will join Ascend Hotel Collection by Choice Hotels International. Built in 1892, the 53-key hotel occupies almost an entire city block. The five-story Victorian property comprises a tower and turret, balconies and a three-story open atrium lobby. The hotel offers six suites, business services for conferences and events, and two on-property dining options.
Foreclosure for Hilton Minneapolis: Hilton Minneapolis in Minneapolis, Minnesota, will reportedly be auctioned in a sheriff’s sale. The foreclosure auction of the 826-key hotel, which is still operational, is expected on January 13, 2023. The hotel is owned by Chicago, Illinois-based Walton Street Partners LLC and Fernandina Beach, Florida-based Haberhill. A Hennepin County judge ordered the foreclosure auction after finding the owners had been in default since April 2020 for failing to service a $180m refinancing loan they had taken out in November 2018.
NexGen acquires Chicago SpringHill Suites: Itasca, Illinois-based NexGen Hotels has acquired the 120-suite SpringHill Suites by Marriott Chicago Waukegan/Gurnee. The hotel includes an indoor pool, fitness center and a boardroom for small groups of up to 20 people.
Hard Rock to Bristol: Hard Rock International celebrated the groundbreaking of a permanent casino and hotel in Bristol, Virginia. Hard Rock International is partnering with The United Company and Par Ventures to open the 300-room The Hard Rock Hotel & Casino Bristol spanning 300,000 square feet and featuring 1,300 slots, 50 table games, a sportsbook, several dining venues and a live entertainment venue. The property is expected to open in 2024.
Monthly meetings, events volume beat 2019 levels: Monthly meetings and events volume in the U.S. surpassed 2019 levels for the first time since the pandemic, achieving 103.1% of November 2019 volume in November 2022, according to the latest data by Knowland. This November saw a 122.5% growth over November 2021. In line with native seasonality, November 2022 fell 11% over October 2022. The average number of attendees per event this November was 118, compared to 105 in November 2021 and 104 in November 2019. The average space used this November was 3,028 square feet, while it was 2,501 square feet in November 2021 and 3,009 in November 2019. The top five growth markets in November compared to October were Las Vegas, San Juan, Fort Myers, Miami and Kauai Islands. The corporate market segment accounted for 53.5% of meetings and event business, with healthcare leading as the biggest industry segment.
Sydney’s Manly Wharf goes on sale: Manly Wharf, the retail and hospitality asset in Sydney, has been listed for sale for a reported price of AU$80 million (US$53.63 million) by Robert Magid of TMG Developments. Built in 1885 as a passenger terminal, it was converted into an iconic food and beverage destination by TMG Development after it acquired the long-term leasehold in 1995. Transport for NSW owns the original lease. This comes on the heels of Magid selling two hotels — the Harbour Rocks Hotel in Sydney and Hotel Lindrum in Melbourne.
Beaumier secures €200M loan: London-based Cheyne Capital Management has completed a senior loan of over €200 million (US$209.80 million) for Beaumier, the France-based luxury boutique hotel group owned by KSL Capital. The loan, provided by funds managed and advised by Cheyne’s real estate group, will be utilized to refinance the existing bank facilities and support a capital expenditure program to upgrade the Beaumier experience. Beaumier’s portfolio includes 12 lifestyle hotels totaling 546 rooms across in France, Spain and Switzerland. The company plans to grow its pipeline with expansion projects and acquisitions in key European destinations.
AJ Capital adds in Northern Ireland: Adventurous Journeys Capital Partners has acquired the Adelphi Portrush Hotel in Northern Ireland. The hotel, which will join the Marine & Lawn Hotels & Resorts portfolio, will continue to operate as Adelphi till autumn 2023. AJ’s in-house team will then start renovations of the rooms and common spaces. In late 2024, the hotel will relaunch as part of the Marine & Lawn brand, becoming the sixth property to join the collection.
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BRIEFS: HOTEL ÄNDRA JOINS ACCOR; CANADIAN DEBUT FOR AVID HOTELS
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Hotel Ändra joins Accor: Hotel Ändra Seattle in Seattle, Washington, has become the latest addition to Accor’s MGallery Hotel Collection. The 10-story hotel features 123 rooms and suites, and two restaurants and hosts a cooking school led by Seattle-based chef and restaurateur Tom Douglas, who also helms one of the restaurants at the property. The hotel recently underwent a US$12 million property-wide renovation. The MGallery Hotel Collection has over 55 hotels globally in varying stages of development. Accor is also set to open the first MGallery Hotel & Residences in Mexico, with the debut of Mayaliah Tulum Hotel & Residences – MGallery, expected in 2024.
avid hotels debuts in Canada: IHG Hotels & resorts has opened the first Canadian avid hotels property in Vaughan, Ontario. The avid hotel Toronto – Vaughan Southwest, owned by PI Cap, is the first out of four planned properties in Canada for IHG’s new Essentials brand. The 119-key hotel features grab-and-go options, a lobby, a pool, and gym. Currently, IHG has 180 open hotels in Canada and 40 more in the pipeline. With over 50 locations open in the U.S., Mexico and Canada, avid hotels plans to grow its footprint in Canada with more properties planned in Woodstock and Belleville in Ontario and Lethbridge, Alberta.
Xenia completes Kimpton Denver sale: Xenia Hotels & Resorts, Inc., Orlando, Florida, has completed the sale of the 189-room Kimpton Hotel Monaco Denver for US$69.75 million (US$369,000 per key). The sale price represents a 14.9x multiple on 2019 hotel EBITDA and a 20.6x multiple on hotel EBITDA for the 12 months ended September 30, 2022. The buyer has not been named. Xenia will use the proceeds from the sale for general corporate purposes, including share repurchases, repayment of debt, capital expenditures and acquisitions in line with the company’s long-term plans. Xenia owns 32 hotels totaling 9,508 rooms across 14 states.
Digital tipping at BWH hotels: BWH Hotel Group has selected eTip as a digital tipping solution for its properties in the U.S. and Canada. eTip doesn’t require an app to be downloaded or login credentials. Guests can scan a QR code from their mobile phones to tip using their preferred payment methods. eTip also provides a “tap to tip” option, which allows guests to pay through an NFC-enabled QR code. Once the guest leaves a tip electronically, associates can receive the tip amount in their bank accounts in real-time through Visa Direct. eTip helps managers to allocate tips to individual associates or pool tips by a specific team or department.
Choice announces cash dividend: Rockville, Maryland-based Choice Hotels International, Inc. has declared a cash dividend on the company’s common stock of US$0.2375 per share. The dividend is payable on January 17, 2023 to stockholders of record on January 3, 2023. Choice has managed to grow its earnings per share by 17% a year over the past five years.
Edgewater acquires Historic Windsor: 125 West Lamar LLC, a wholly-owned subsidiary of Paoli, Pennsylvania-based Edgewater Group LLC, has acquired the Historic Windsor Hotel in Americus, Georgia, for a reported US$12,500,000 or US$235,849 per key. The hotel will join Ascend Hotel Collection by Choice Hotels International. Built in 1892, the 53-key hotel occupies almost an entire city block. The five-story Victorian property comprises a tower and turret, balconies and a three-story open atrium lobby. The hotel offers six suites, business services for conferences and events, and two on-property dining options.
Foreclosure for Hilton Minneapolis: Hilton Minneapolis in Minneapolis, Minnesota, will reportedly be auctioned in a sheriff’s sale. The foreclosure auction of the 826-key hotel, which is still operational, is expected on January 13, 2023. The hotel is owned by Chicago, Illinois-based Walton Street Partners LLC and Fernandina Beach, Florida-based Haberhill. A Hennepin County judge ordered the foreclosure auction after finding the owners had been in default since April 2020 for failing to service a $180m refinancing loan they had taken out in November 2018.
NexGen acquires Chicago SpringHill Suites: Itasca, Illinois-based NexGen Hotels has acquired the 120-suite SpringHill Suites by Marriott Chicago Waukegan/Gurnee. The hotel includes an indoor pool, fitness center and a boardroom for small groups of up to 20 people.
Hard Rock to Bristol: Hard Rock International celebrated the groundbreaking of a permanent casino and hotel in Bristol, Virginia. Hard Rock International is partnering with The United Company and Par Ventures to open the 300-room The Hard Rock Hotel & Casino Bristol spanning 300,000 square feet and featuring 1,300 slots, 50 table games, a sportsbook, several dining venues and a live entertainment venue. The property is expected to open in 2024.
Monthly meetings, events volume beat 2019 levels: Monthly meetings and events volume in the U.S. surpassed 2019 levels for the first time since the pandemic, achieving 103.1% of November 2019 volume in November 2022, according to the latest data by Knowland. This November saw a 122.5% growth over November 2021. In line with native seasonality, November 2022 fell 11% over October 2022. The average number of attendees per event this November was 118, compared to 105 in November 2021 and 104 in November 2019. The average space used this November was 3,028 square feet, while it was 2,501 square feet in November 2021 and 3,009 in November 2019. The top five growth markets in November compared to October were Las Vegas, San Juan, Fort Myers, Miami and Kauai Islands. The corporate market segment accounted for 53.5% of meetings and event business, with healthcare leading as the biggest industry segment.
Sydney’s Manly Wharf goes on sale: Manly Wharf, the retail and hospitality asset in Sydney, has been listed for sale for a reported price of AU$80 million (US$53.63 million) by Robert Magid of TMG Developments. Built in 1885 as a passenger terminal, it was converted into an iconic food and beverage destination by TMG Development after it acquired the long-term leasehold in 1995. Transport for NSW owns the original lease. This comes on the heels of Magid selling two hotels — the Harbour Rocks Hotel in Sydney and Hotel Lindrum in Melbourne.
Beaumier secures €200M loan: London-based Cheyne Capital Management has completed a senior loan of over €200 million (US$209.80 million) for Beaumier, the France-based luxury boutique hotel group owned by KSL Capital. The loan, provided by funds managed and advised by Cheyne’s real estate group, will be utilized to refinance the existing bank facilities and support a capital expenditure program to upgrade the Beaumier experience. Beaumier’s portfolio includes 12 lifestyle hotels totaling 546 rooms across in France, Spain and Switzerland. The company plans to grow its pipeline with expansion projects and acquisitions in key European destinations.
AJ Capital adds in Northern Ireland: Adventurous Journeys Capital Partners has acquired the Adelphi Portrush Hotel in Northern Ireland. The hotel, which will join the Marine & Lawn Hotels & Resorts portfolio, will continue to operate as Adelphi till autumn 2023. AJ’s in-house team will then start renovations of the rooms and common spaces. In late 2024, the hotel will relaunch as part of the Marine & Lawn brand, becoming the sixth property to join the collection.
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saltygardenerlove · 1 year
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BRIEFS: HOTEL ÄNDRA JOINS ACCOR; CANADIAN DEBUT FOR AVID HOTELS
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Hotel Ändra joins Accor: Hotel Ändra Seattle in Seattle, Washington, has become the latest addition to Accor’s MGallery Hotel Collection. The 10-story hotel features 123 rooms and suites, and two restaurants and hosts a cooking school led by Seattle-based chef and restaurateur Tom Douglas, who also helms one of the restaurants at the property. The hotel recently underwent a US$12 million property-wide renovation. The MGallery Hotel Collection has over 55 hotels globally in varying stages of development. Accor is also set to open the first MGallery Hotel & Residences in Mexico, with the debut of Mayaliah Tulum Hotel & Residences – MGallery, expected in 2024.
avid hotels debuts in Canada: IHG Hotels & resorts has opened the first Canadian avid hotels property in Vaughan, Ontario. The avid hotel Toronto – Vaughan Southwest, owned by PI Cap, is the first out of four planned properties in Canada for IHG’s new Essentials brand. The 119-key hotel features grab-and-go options, a lobby, a pool, and gym. Currently, IHG has 180 open hotels in Canada and 40 more in the pipeline. With over 50 locations open in the U.S., Mexico and Canada, avid hotels plans to grow its footprint in Canada with more properties planned in Woodstock and Belleville in Ontario and Lethbridge, Alberta.
Xenia completes Kimpton Denver sale: Xenia Hotels & Resorts, Inc., Orlando, Florida, has completed the sale of the 189-room Kimpton Hotel Monaco Denver for US$69.75 million (US$369,000 per key). The sale price represents a 14.9x multiple on 2019 hotel EBITDA and a 20.6x multiple on hotel EBITDA for the 12 months ended September 30, 2022. The buyer has not been named. Xenia will use the proceeds from the sale for general corporate purposes, including share repurchases, repayment of debt, capital expenditures and acquisitions in line with the company’s long-term plans. Xenia owns 32 hotels totaling 9,508 rooms across 14 states.
Digital tipping at BWH hotels: BWH Hotel Group has selected eTip as a digital tipping solution for its properties in the U.S. and Canada. eTip doesn’t require an app to be downloaded or login credentials. Guests can scan a QR code from their mobile phones to tip using their preferred payment methods. eTip also provides a “tap to tip” option, which allows guests to pay through an NFC-enabled QR code. Once the guest leaves a tip electronically, associates can receive the tip amount in their bank accounts in real-time through Visa Direct. eTip helps managers to allocate tips to individual associates or pool tips by a specific team or department.
Choice announces cash dividend: Rockville, Maryland-based Choice Hotels International, Inc. has declared a cash dividend on the company’s common stock of US$0.2375 per share. The dividend is payable on January 17, 2023 to stockholders of record on January 3, 2023. Choice has managed to grow its earnings per share by 17% a year over the past five years.
Edgewater acquires Historic Windsor: 125 West Lamar LLC, a wholly-owned subsidiary of Paoli, Pennsylvania-based Edgewater Group LLC, has acquired the Historic Windsor Hotel in Americus, Georgia, for a reported US$12,500,000 or US$235,849 per key. The hotel will join Ascend Hotel Collection by Choice Hotels International. Built in 1892, the 53-key hotel occupies almost an entire city block. The five-story Victorian property comprises a tower and turret, balconies and a three-story open atrium lobby. The hotel offers six suites, business services for conferences and events, and two on-property dining options.
Foreclosure for Hilton Minneapolis: Hilton Minneapolis in Minneapolis, Minnesota, will reportedly be auctioned in a sheriff’s sale. The foreclosure auction of the 826-key hotel, which is still operational, is expected on January 13, 2023. The hotel is owned by Chicago, Illinois-based Walton Street Partners LLC and Fernandina Beach, Florida-based Haberhill. A Hennepin County judge ordered the foreclosure auction after finding the owners had been in default since April 2020 for failing to service a $180m refinancing loan they had taken out in November 2018.
NexGen acquires Chicago SpringHill Suites: Itasca, Illinois-based NexGen Hotels has acquired the 120-suite SpringHill Suites by Marriott Chicago Waukegan/Gurnee. The hotel includes an indoor pool, fitness center and a boardroom for small groups of up to 20 people.
Hard Rock to Bristol: Hard Rock International celebrated the groundbreaking of a permanent casino and hotel in Bristol, Virginia. Hard Rock International is partnering with The United Company and Par Ventures to open the 300-room The Hard Rock Hotel & Casino Bristol spanning 300,000 square feet and featuring 1,300 slots, 50 table games, a sportsbook, several dining venues and a live entertainment venue. The property is expected to open in 2024.
Monthly meetings, events volume beat 2019 levels: Monthly meetings and events volume in the U.S. surpassed 2019 levels for the first time since the pandemic, achieving 103.1% of November 2019 volume in November 2022, according to the latest data by Knowland. This November saw a 122.5% growth over November 2021. In line with native seasonality, November 2022 fell 11% over October 2022. The average number of attendees per event this November was 118, compared to 105 in November 2021 and 104 in November 2019. The average space used this November was 3,028 square feet, while it was 2,501 square feet in November 2021 and 3,009 in November 2019. The top five growth markets in November compared to October were Las Vegas, San Juan, Fort Myers, Miami and Kauai Islands. The corporate market segment accounted for 53.5% of meetings and event business, with healthcare leading as the biggest industry segment.
Sydney’s Manly Wharf goes on sale: Manly Wharf, the retail and hospitality asset in Sydney, has been listed for sale for a reported price of AU$80 million (US$53.63 million) by Robert Magid of TMG Developments. Built in 1885 as a passenger terminal, it was converted into an iconic food and beverage destination by TMG Development after it acquired the long-term leasehold in 1995. Transport for NSW owns the original lease. This comes on the heels of Magid selling two hotels — the Harbour Rocks Hotel in Sydney and Hotel Lindrum in Melbourne.
Beaumier secures €200M loan: London-based Cheyne Capital Management has completed a senior loan of over €200 million (US$209.80 million) for Beaumier, the France-based luxury boutique hotel group owned by KSL Capital. The loan, provided by funds managed and advised by Cheyne’s real estate group, will be utilized to refinance the existing bank facilities and support a capital expenditure program to upgrade the Beaumier experience. Beaumier’s portfolio includes 12 lifestyle hotels totaling 546 rooms across in France, Spain and Switzerland. The company plans to grow its pipeline with expansion projects and acquisitions in key European destinations.
AJ Capital adds in Northern Ireland: Adventurous Journeys Capital Partners has acquired the Adelphi Portrush Hotel in Northern Ireland. The hotel, which will join the Marine & Lawn Hotels & Resorts portfolio, will continue to operate as Adelphi till autumn 2023. AJ’s in-house team will then start renovations of the rooms and common spaces. In late 2024, the hotel will relaunch as part of the Marine & Lawn brand, becoming the sixth property to join the collection.
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maximum-property · 6 months
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Discover the Perfect Windsor Rental Homes with Maximum Property Solutions
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When finding the ideal rental home in Windsor, you need a trusted partner to make the process as smooth and hassle-free as possible. Look only as much as Maximum Property Solutions, your one-stop destination for premium Windsor rental homes. With a reputation for excellence and a commitment to serving your needs, Maximum Property Solutions is your key to unlocking the door to your dream rental property in this charming city.
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Contact Us: Contact our team through our website or phone to discuss your rental needs. Property Search: We'll list suitable rental properties based on your criteria. Property Viewing: Schedule viewings of the properties that interest you and explore them in person. Application Process: Once you've found your dream rental, our team will guide you through the application and lease agreement process. Move-In Assistance: On your move-in day, we'll conduct an inspection and ensure a smooth transition into your new home.
Unlock the Door to Your Dream Windsor Rental Home Maximum Property Solutions is here to make your journey to finding the perfect Windsor rental home a breeze. With our extensive listings, local expertise, personalized service, and 24/7 support, we are the ideal partner to guide you through this important decision. Please don't settle for less regarding your next rental home. Trust Maximum Property Solutions to help you unlock the door to your dream rental property in the charming city of Windsor.
In your search for Windsor rental homes, Maximum Property Solutions is your key to success. Contact us today to start your journey toward finding the perfect place to call home in Windsor.
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bertrhert · 1 year
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BRIEFS: HOTEL ÄNDRA JOINS ACCOR; CANADIAN DEBUT FOR AVID HOTELS
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Hotel Ändra joins Accor: Hotel Ändra Seattle in Seattle, Washington, has become the latest addition to Accor’s MGallery Hotel Collection. The 10-story hotel features 123 rooms and suites, and two restaurants and hosts a cooking school led by Seattle-based chef and restaurateur Tom Douglas, who also helms one of the restaurants at the property. The hotel recently underwent a US$12 million property-wide renovation. The MGallery Hotel Collection has over 55 hotels globally in varying stages of development. Accor is also set to open the first MGallery Hotel & Residences in Mexico, with the debut of Mayaliah Tulum Hotel & Residences – MGallery, expected in 2024.
avid hotels debuts in Canada: IHG Hotels & resorts has opened the first Canadian avid hotels property in Vaughan, Ontario. The avid hotel Toronto – Vaughan Southwest, owned by PI Cap, is the first out of four planned properties in Canada for IHG’s new Essentials brand. The 119-key hotel features grab-and-go options, a lobby, a pool, and gym. Currently, IHG has 180 open hotels in Canada and 40 more in the pipeline. With over 50 locations open in the U.S., Mexico and Canada, avid hotels plans to grow its footprint in Canada with more properties planned in Woodstock and Belleville in Ontario and Lethbridge, Alberta.
Xenia completes Kimpton Denver sale: Xenia Hotels & Resorts, Inc., Orlando, Florida, has completed the sale of the 189-room Kimpton Hotel Monaco Denver for US$69.75 million (US$369,000 per key). The sale price represents a 14.9x multiple on 2019 hotel EBITDA and a 20.6x multiple on hotel EBITDA for the 12 months ended September 30, 2022. The buyer has not been named. Xenia will use the proceeds from the sale for general corporate purposes, including share repurchases, repayment of debt, capital expenditures and acquisitions in line with the company’s long-term plans. Xenia owns 32 hotels totaling 9,508 rooms across 14 states.
Digital tipping at BWH hotels: BWH Hotel Group has selected eTip as a digital tipping solution for its properties in the U.S. and Canada. eTip doesn’t require an app to be downloaded or login credentials. Guests can scan a QR code from their mobile phones to tip using their preferred payment methods. eTip also provides a “tap to tip” option, which allows guests to pay through an NFC-enabled QR code. Once the guest leaves a tip electronically, associates can receive the tip amount in their bank accounts in real-time through Visa Direct. eTip helps managers to allocate tips to individual associates or pool tips by a specific team or department.
Choice announces cash dividend: Rockville, Maryland-based Choice Hotels International, Inc. has declared a cash dividend on the company’s common stock of US$0.2375 per share. The dividend is payable on January 17, 2023 to stockholders of record on January 3, 2023. Choice has managed to grow its earnings per share by 17% a year over the past five years.
Edgewater acquires Historic Windsor: 125 West Lamar LLC, a wholly-owned subsidiary of Paoli, Pennsylvania-based Edgewater Group LLC, has acquired the Historic Windsor Hotel in Americus, Georgia, for a reported US$12,500,000 or US$235,849 per key. The hotel will join Ascend Hotel Collection by Choice Hotels International. Built in 1892, the 53-key hotel occupies almost an entire city block. The five-story Victorian property comprises a tower and turret, balconies and a three-story open atrium lobby. The hotel offers six suites, business services for conferences and events, and two on-property dining options.
Foreclosure for Hilton Minneapolis: Hilton Minneapolis in Minneapolis, Minnesota, will reportedly be auctioned in a sheriff’s sale. The foreclosure auction of the 826-key hotel, which is still operational, is expected on January 13, 2023. The hotel is owned by Chicago, Illinois-based Walton Street Partners LLC and Fernandina Beach, Florida-based Haberhill. A Hennepin County judge ordered the foreclosure auction after finding the owners had been in default since April 2020 for failing to service a $180m refinancing loan they had taken out in November 2018.
NexGen acquires Chicago SpringHill Suites: Itasca, Illinois-based NexGen Hotels has acquired the 120-suite SpringHill Suites by Marriott Chicago Waukegan/Gurnee. The hotel includes an indoor pool, fitness center and a boardroom for small groups of up to 20 people.
Hard Rock to Bristol: Hard Rock International celebrated the groundbreaking of a permanent casino and hotel in Bristol, Virginia. Hard Rock International is partnering with The United Company and Par Ventures to open the 300-room The Hard Rock Hotel & Casino Bristol spanning 300,000 square feet and featuring 1,300 slots, 50 table games, a sportsbook, several dining venues and a live entertainment venue. The property is expected to open in 2024.
Monthly meetings, events volume beat 2019 levels: Monthly meetings and events volume in the U.S. surpassed 2019 levels for the first time since the pandemic, achieving 103.1% of November 2019 volume in November 2022, according to the latest data by Knowland. This November saw a 122.5% growth over November 2021. In line with native seasonality, November 2022 fell 11% over October 2022. The average number of attendees per event this November was 118, compared to 105 in November 2021 and 104 in November 2019. The average space used this November was 3,028 square feet, while it was 2,501 square feet in November 2021 and 3,009 in November 2019. The top five growth markets in November compared to October were Las Vegas, San Juan, Fort Myers, Miami and Kauai Islands. The corporate market segment accounted for 53.5% of meetings and event business, with healthcare leading as the biggest industry segment.
Sydney’s Manly Wharf goes on sale: Manly Wharf, the retail and hospitality asset in Sydney, has been listed for sale for a reported price of AU$80 million (US$53.63 million) by Robert Magid of TMG Developments. Built in 1885 as a passenger terminal, it was converted into an iconic food and beverage destination by TMG Development after it acquired the long-term leasehold in 1995. Transport for NSW owns the original lease. This comes on the heels of Magid selling two hotels — the Harbour Rocks Hotel in Sydney and Hotel Lindrum in Melbourne.
Beaumier secures €200M loan: London-based Cheyne Capital Management has completed a senior loan of over €200 million (US$209.80 million) for Beaumier, the France-based luxury boutique hotel group owned by KSL Capital. The loan, provided by funds managed and advised by Cheyne’s real estate group, will be utilized to refinance the existing bank facilities and support a capital expenditure program to upgrade the Beaumier experience. Beaumier’s portfolio includes 12 lifestyle hotels totaling 546 rooms across in France, Spain and Switzerland. The company plans to grow its pipeline with expansion projects and acquisitions in key European destinations.
AJ Capital adds in Northern Ireland: Adventurous Journeys Capital Partners has acquired the Adelphi Portrush Hotel in Northern Ireland. The hotel, which will join the Marine & Lawn Hotels & Resorts portfolio, will continue to operate as Adelphi till autumn 2023. AJ’s in-house team will then start renovations of the rooms and common spaces. In late 2024, the hotel will relaunch as part of the Marine & Lawn brand, becoming the sixth property to join the collection.
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craigmyersfinance · 1 year
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BRIEFS: HOTEL ÄNDRA JOINS ACCOR; CANADIAN DEBUT FOR AVID HOTELS
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Hotel Ändra joins Accor: Hotel Ändra Seattle in Seattle, Washington, has become the latest addition to Accor’s MGallery Hotel Collection. The 10-story hotel features 123 rooms and suites, and two restaurants and hosts a cooking school led by Seattle-based chef and restaurateur Tom Douglas, who also helms one of the restaurants at the property. The hotel recently underwent a US$12 million property-wide renovation. The MGallery Hotel Collection has over 55 hotels globally in varying stages of development. Accor is also set to open the first MGallery Hotel & Residences in Mexico, with the debut of Mayaliah Tulum Hotel & Residences – MGallery, expected in 2024.
avid hotels debuts in Canada: IHG Hotels & resorts has opened the first Canadian avid hotels property in Vaughan, Ontario. The avid hotel Toronto – Vaughan Southwest, owned by PI Cap, is the first out of four planned properties in Canada for IHG’s new Essentials brand. The 119-key hotel features grab-and-go options, a lobby, a pool, and gym. Currently, IHG has 180 open hotels in Canada and 40 more in the pipeline. With over 50 locations open in the U.S., Mexico and Canada, avid hotels plans to grow its footprint in Canada with more properties planned in Woodstock and Belleville in Ontario and Lethbridge, Alberta.
Xenia completes Kimpton Denver sale: Xenia Hotels & Resorts, Inc., Orlando, Florida, has completed the sale of the 189-room Kimpton Hotel Monaco Denver for US$69.75 million (US$369,000 per key). The sale price represents a 14.9x multiple on 2019 hotel EBITDA and a 20.6x multiple on hotel EBITDA for the 12 months ended September 30, 2022. The buyer has not been named. Xenia will use the proceeds from the sale for general corporate purposes, including share repurchases, repayment of debt, capital expenditures and acquisitions in line with the company’s long-term plans. Xenia owns 32 hotels totaling 9,508 rooms across 14 states.
Digital tipping at BWH hotels: BWH Hotel Group has selected eTip as a digital tipping solution for its properties in the U.S. and Canada. eTip doesn’t require an app to be downloaded or login credentials. Guests can scan a QR code from their mobile phones to tip using their preferred payment methods. eTip also provides a “tap to tip” option, which allows guests to pay through an NFC-enabled QR code. Once the guest leaves a tip electronically, associates can receive the tip amount in their bank accounts in real-time through Visa Direct. eTip helps managers to allocate tips to individual associates or pool tips by a specific team or department.
Choice announces cash dividend: Rockville, Maryland-based Choice Hotels International, Inc. has declared a cash dividend on the company’s common stock of US$0.2375 per share. The dividend is payable on January 17, 2023 to stockholders of record on January 3, 2023. Choice has managed to grow its earnings per share by 17% a year over the past five years.
Edgewater acquires Historic Windsor: 125 West Lamar LLC, a wholly-owned subsidiary of Paoli, Pennsylvania-based Edgewater Group LLC, has acquired the Historic Windsor Hotel in Americus, Georgia, for a reported US$12,500,000 or US$235,849 per key. The hotel will join Ascend Hotel Collection by Choice Hotels International. Built in 1892, the 53-key hotel occupies almost an entire city block. The five-story Victorian property comprises a tower and turret, balconies and a three-story open atrium lobby. The hotel offers six suites, business services for conferences and events, and two on-property dining options.
Foreclosure for Hilton Minneapolis: Hilton Minneapolis in Minneapolis, Minnesota, will reportedly be auctioned in a sheriff’s sale. The foreclosure auction of the 826-key hotel, which is still operational, is expected on January 13, 2023. The hotel is owned by Chicago, Illinois-based Walton Street Partners LLC and Fernandina Beach, Florida-based Haberhill. A Hennepin County judge ordered the foreclosure auction after finding the owners had been in default since April 2020 for failing to service a $180m refinancing loan they had taken out in November 2018.
NexGen acquires Chicago SpringHill Suites: Itasca, Illinois-based NexGen Hotels has acquired the 120-suite SpringHill Suites by Marriott Chicago Waukegan/Gurnee. The hotel includes an indoor pool, fitness center and a boardroom for small groups of up to 20 people.
Hard Rock to Bristol: Hard Rock International celebrated the groundbreaking of a permanent casino and hotel in Bristol, Virginia. Hard Rock International is partnering with The United Company and Par Ventures to open the 300-room The Hard Rock Hotel & Casino Bristol spanning 300,000 square feet and featuring 1,300 slots, 50 table games, a sportsbook, several dining venues and a live entertainment venue. The property is expected to open in 2024.
Monthly meetings, events volume beat 2019 levels: Monthly meetings and events volume in the U.S. surpassed 2019 levels for the first time since the pandemic, achieving 103.1% of November 2019 volume in November 2022, according to the latest data by Knowland. This November saw a 122.5% growth over November 2021. In line with native seasonality, November 2022 fell 11% over October 2022. The average number of attendees per event this November was 118, compared to 105 in November 2021 and 104 in November 2019. The average space used this November was 3,028 square feet, while it was 2,501 square feet in November 2021 and 3,009 in November 2019. The top five growth markets in November compared to October were Las Vegas, San Juan, Fort Myers, Miami and Kauai Islands. The corporate market segment accounted for 53.5% of meetings and event business, with healthcare leading as the biggest industry segment.
Sydney’s Manly Wharf goes on sale: Manly Wharf, the retail and hospitality asset in Sydney, has been listed for sale for a reported price of AU$80 million (US$53.63 million) by Robert Magid of TMG Developments. Built in 1885 as a passenger terminal, it was converted into an iconic food and beverage destination by TMG Development after it acquired the long-term leasehold in 1995. Transport for NSW owns the original lease. This comes on the heels of Magid selling two hotels — the Harbour Rocks Hotel in Sydney and Hotel Lindrum in Melbourne.
Beaumier secures €200M loan: London-based Cheyne Capital Management has completed a senior loan of over €200 million (US$209.80 million) for Beaumier, the France-based luxury boutique hotel group owned by KSL Capital. The loan, provided by funds managed and advised by Cheyne’s real estate group, will be utilized to refinance the existing bank facilities and support a capital expenditure program to upgrade the Beaumier experience. Beaumier’s portfolio includes 12 lifestyle hotels totaling 546 rooms across in France, Spain and Switzerland. The company plans to grow its pipeline with expansion projects and acquisitions in key European destinations.
AJ Capital adds in Northern Ireland: Adventurous Journeys Capital Partners has acquired the Adelphi Portrush Hotel in Northern Ireland. The hotel, which will join the Marine & Lawn Hotels & Resorts portfolio, will continue to operate as Adelphi till autumn 2023. AJ’s in-house team will then start renovations of the rooms and common spaces. In late 2024, the hotel will relaunch as part of the Marine & Lawn brand, becoming the sixth property to join the collection.
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ilamarvandusenca · 11 months
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LaMar Van Dusen: Accomplished Business Leader and Financial Expert in Toronto
LaMar Van Dusen is an active and accomplished member of the Toronto business community, with a wide range of expertise in business marketing, corporate and managerial finance, financial analysis, sourcing, staffing, sales, and consulting. Currently, he holds the position of Director at Phoenix Management, a comprehensive financial and accounting firm that he established in 2010, located in Ontario, Canada.
LaMar Van Dusen pursued his education in business administration and marketing at St. Clair College and graduated with a Bachelor of Commerce degree from Windsor University. He is a valued member of various Canadian professional organizations, such as the Canadian Council for Aboriginal Business and the Indo Canada Chamber of Commerce.
Before founding Phoenix Management, LaMar Van Dusen served as the Vice President of Sales at Advanced Presentation Products. During his tenure of over two years, he successfully built and expanded a sales team that achieved significant growth, increasing sales from $6 million to $10 million.
Since its inception in 2010, LaMar Van Dusen has been dedicated to his role as Director at Phoenix Management. Initially starting the firm from his home office, he primarily focused on developing business plans for independent business owners, assisting them in securing vital capital to launch and expand their ventures. Through this process, LaMar formulated a unique service offering that combines principled accounting with attentive financial consulting, tailored specifically to the needs of business owners.
Phoenix Management, under LaMar's leadership, provides a comprehensive range of services, including full-service bookkeeping and accounting, business plan creation, finance consulting, business management, government grants, and strategy advisory services. The company has successfully facilitated fundraising for numerous Ontario-based businesses, aiding them in acquiring working capital and financing commercial properties and franchises.
An exceptional feature of Phoenix Management is its groundbreaking approach to bookkeeping and corporate accounting. It is the only company in the Greater Toronto Area to offer these services at a fixed monthly fee. This innovative concept simplifies the bookkeeping and accounting processes for business owners while eliminating concerns about hidden fees or additional costs.
During his leisure time, LaMar enjoys engaging in various fitness-related activities. He dedicates four days a week to workout training, prioritizing his physical well-being alongside his professional endeavors.
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findpropertyads · 1 year
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4 Ways To Invest In Real Estate:
Investing in real estate is sometimes like visiting a candy store, as there are so many options that it becomes difficult to decide which one to “try” first.
Therefore, to help you make the best decision, here we show you some of the most popular ways to invest in real estate and generate substantial income.
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Housing to rent:
This is the best known of all. Where you buy a property to be able to rent it. Look at the end of the article as we go into more detail about the benefit of this type of investment.
Small multi-family property:
This is when you buy between 2 to 3 houses, but they are independent units. With this, property management and maintenance can be easier when multiple tenants are next to each other. Besides, the risk of vacancy (time without rent, cash flow that does not arrive) is diluted among the various units.
Contract the sale of the property:
This is a form of real estate investment without actually taking ownership of the property. People search for homes at well below market prices, accurately estimate needed repairs, and hand over the deal (contract) to another investor who buys the property. These make money by sharing part of the profit with the initial owner.
Real estate investment trusts:
This occurs when one or a group of owners give their assets to be managed by other people, institutions, or companies. At the same time, these companies can invite other investors.
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