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Hampton Roads hotel revenues outpace Va., country
Hotel revenues in Hampton Roads outpaced Virginia and the nation through October, according to a report from Old Dominion University’s Dragas Center for Economic Analysis and Policy, citing data from STR, a division of CoStar Group that provides market data on the U.S. hospitality industry. Through October, hotel revenues were 22.8% higher in Hampton Roads, […]
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Neither Radford University nor the University of Virginia had to look far for collaborators on projects that have altered their campus footprints. The universities called on their own foundations to push forward the construction of two new on-campus hotels — The Highlander Hotel Radford and The Forum Hotel at U.Va. — and an upcoming hotel […]
Fed Fifth District economy grows slightly
The economy in the Federal Reserve’s Fifth District (a multistate region including Virginia, North Carolina, South Carolina, West Virginia and Maryland) grew slightly in recent weeks, according to the latest edition of the Federal Reserve’s Beige Book, released Wednesday. Published eight times per year, the Beige Book is based on anecdotal information about economic conditions gathered [&hell[...]
Hospitality | Tourism 2023: JIM McGLOTHLIN
McGlothlin has always had an innate sense for a good business opportunity. He built a fortune from coal mines and then pivoted to hospitality as the coal business began to recede. A William & Mary alumnus, McGlothlin has a bachelor’s degree in psychology and a law degree. He started out as a lawyer in Grundy, […]
Hospitality | Tourism 2023: MICHAEL GEORGE
A 40-year hospitality industry veteran, George founded Crescent Hotels & Resorts in 2001. The company operates more than 90 hotels and resorts and more than 250 restaurants and bars in the U.S and Canada. Its hotel portfolio includes Marriott, Hilton and Hyatt brands, along with a collection of independent hotels and resorts. This spring, Crescent […]
Hospitality | Tourism 2023: AKHIL JAIN
For more than a decade, Jain has run Landmark Hotel Group, a hospitality company that manages, owns and develops hotels in North Carolina and Virginia under the Marriott, Hilton, Hyatt and Radisson brands. In 2021, Landmark expanded into the housing market with the development of Ellipse Urban Apartments, a 287-unit luxury apartment complex in Hampton. […]
Hospitality | Tourism 2023: NEEL DESAI
Desai joined LTD Hospitality Group in 1998 as the second generation of the family-owned hotel development and management company co-founded by Desai’s father in 1983. Perhaps entrepreneurism is in his DNA because Desai and longtime friend Bijal Patel founded S2K Hospitality in 2021 to manage and develop fast-casual restaurants. In May, the partners opened a […]
Hospitality | Tourism 2023: ERIC TERRY
With four decades of hospitality experience, Terry has advocated for the Virginia Restaurant, Lodging & Travel Association’s 1,500-plus industry members since joining as president in 2014. During the pandemic, Terry led the VRLTA in persuading state legislators to allocate $250 million in federal stimulus funds for industry relief. He also spearheaded support for legislation approved [&helli[...]
Hospitality | Tourism 2023: THOMAS J. BALTIMORE JR.
Baltimore joined the lodging real estate investment trust in 2016, shortly before its 2017 spinoff from McLean-based Hilton Worldwide Holdings. He has led the company through some of its toughest times as the pandemic squelched business and leisure travel. Park continues to bounce back from the pandemic-related downturn, reporting $2.5 billion in 2022 revenue, up […]
Hospitality | Tourism 2023: BRUCE L. THOMPSON
A Norfolk native and Virginia Business’ 2021 Person of the Year, Thompson is one of Hampton Roads’ most prominent developers and hoteliers. He is best known for developing the Cavalier Resort, which includes the restored historic Cavalier Hotel as well as two new hotels, restaurants and residences on 21 acres at the Virginia Beach Oceanfront. […]
Hospitality | Tourism 2023: NEIL AMIN
As CEO of one of Virginia’s largest hotel operators, Amin brings a mix of hands-on experience and MBA expertise to the company his Indian immigrant father and uncle started in the 1970s. Amin lived with his family in one of their hotels in Chesterfield County until he was 12, pitching in with maintenance and handling […]
