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Business & Finance

Hotel Equities and F&F Break Ground on Staybridge Suites in Davie, Florida

ATLANTA, GA. and DAVIE, FL. October 16, 2017 – Hotel Equities and F&F, LLC broke ground recently on a new-build Staybridge Suites by IHG at 4901 Griffin Road in Davie, Florida. Construction is underway for the hotel with completion expected in late 2018. Hotel Equities serves as the management company for the property.

Amin and Ramzan Gulamali, Principals with F&F, LLC, the owners and developers of the hotel, welcomed special guests to the event.

“We at F&F, LLC seek strategic partnerships that advance our mission to provide nothing less than excellent hospitality to our patrons,” said Amin Gulamali, Principal with F&F, LLC. “Thus, our work with Hotel Equities, a management firm that has experience in operations and sales, is intentional. We know that our alliance will ensure the hotel’s success.”

“As we continue to expand our Florida portfolio, it is important to ensure that we partner with the right owners and brands,” said Joe Reardon, Sr. Vice President of Business Development and Marketing for Hotel Equities. “We are excited to work with this dynamic ownership group and their three new hotel assets in the Florida market. The location in Davie offers extended stay demand from a dynamic mix of businesses, events and attractions that will bring guests to our hotel year-round. Our award-winning guest service and management expertise will deliver value to our owners and guests alike.

Dignitaries attending the groundbreaking event included the Honorable Judy Paul, Mayor of the Town of Davie; Caryl Hattan, Town of Davie Council Member and Zahra Hayat, president of the Ismali Council for Florida. Christina Khan, Director of Sales for the Residence Inn by Marriott Miami Beach/Surfside, FL, represented Hotel Equities.

Hotel Equities

Hotel Equities (HE) is an Atlanta-based full-service hotel ownership, management and development firm operating more than 100 hotels throughout North America. Frederick W. Cerrone, CHA, serves as Founder and Chairman. Brad Rahinsky serves as President and Chief Executive Officer. For more information, visit www.hotelequities.com.

Contact:
Margaret M. Jones
770.934.2170

Coming Up In The December Online Hotel Business Review




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Feature Focus
Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.