Veteran Sternlicht Invests in Hotel Booking App
Friday January 31st, 2014 - 10:10AM W
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
SAN FRANCISCO—Industry veteran Barry Sternlicht, founder, chairman and CEO of Starwood Capital Group, has joined HotelTonight, an on-demand mobile hotel booking app, as a strategic advisor following an investment in the company.
HotelTonight also has teamed with several large scale chains, including IHG, Hyatt Hotels & Resorts, Best Western International, Kimpton Hotels & Restaurants, FRHI Hotels & Resorts, La Quinta Inn & Suites, Barcelo Hotels & Resorts, and Steigenberger Hotel Group.
With a focus on same day booking, HotelTonight is designed to attract incremental, tech-savvy customers without cannibalizing business from these chains' brand-loyal guests, according to the company.
Tags: HotelTonight • Sternlicht • Hospitality •
The theme of this year’s ALIS conference was “Don’t Worry, Be Happy.” But, lets face it, there are always going to be some people who aren’t happy unless they are worried about something—whether it’s the Fed potentially raising interest rates or that the price of oil is now too low, threatening to cripple the economies of some foreign nations.