first_img A few years ago, hotelier Amit Garg decided to delay plans to build a new hotel in Odessa. The oil workers he would need to rely on as guests for weeks at a time were being laid off by the thousands, and the local hotel industry as a whole suffered sharp drops in occupancy and room rates.Now, as a new oil boom is driving growth in the local economy and increased the demand for hotel rooms, Garg plans to build again.His family company, G&G Hospitality, recently took out a building permit from the city for an estimated $4 million extended-stay hotel at 201 South JBS Parkway. Plans call for a three-story Hawthorn Suites with 82 rooms.“Things have started picking up, and we see the need for an extended stay in the market,” Garg said. “People are coming in for longer assignments.”Indeed, market watchers say the new building coincides with a rebound in the local hotel market. But it remains to be seen whether another surge in hotel construction lies ahead, after the previous boom left the area overbuilt once demand cratered.“There could be another flurry of building, there absolutely could be — the numbers are there to support it,” said Keith Dial, past president of the Permian Basin Hotel and Lodging Association and a vice president with MTP Hospitality, which owns hotels in Midland and Odessa. “But people should really think hard, especially the financial folks because without a doubt we have come forward, but we will also go backward. It’s just the nature of it.”In Odessa, 2013 and 2014 saw a total of 14 hotels open or begin construction. The buildup left the city with more than 3,900 rooms by 2015. Some hotels that began building during the boom were forced to open as the market tanked. And today the Odessa Convention and Visitors Bureau reports more than 4,400 rooms.By 2016, Odessa hoteliers struggled to stay half full, averaging about 47 percent occupancy during the year.But their fortunes have improved amid increased oilfield activity, and room rates have rebounded.In some cases, rooms again run higher than $400 during the busiest weeknights, CVB director Monica Tschauner said.“That immediately raises eyebrows for those wanting to invest,” Tschauner said.Rooms at hotels in Odessa and Midland will regularly rent for well over $200, but Dial said it’s also increasingly common for hotels to cut deals for rate agreements with oil companies that rent several rooms at once.In G&G Hospitality’s case, Garg said they saw demand rise at their extended-stay hotel in Midland, a Mainstay Suites. That hotel, similar in size to the one they are building in Odessa, had struggled to reach 50 percent occupancy two years ago. But now they stay closer to 80 percent full. Garg said they had always planned to build the hotel on JBS Parkway and wished they had started a year ago. But the timing still seems right today, Garg said, and the goal is to open by the end of the year.“We were committed,” Garg said. “And I’ve been living here 17 years, so I’ve seen this cyclical pattern. I was confident. But you know, no one knows.”MorePrevious coverage: Oil drop affects local hotels Construction proceeds on the downtown hotel and convention center Wednesday after a heated debate at Tuesday’s city council meeting became a focal point between investor Sondra Eoff and city councilman Malcom Hamilton, which was supposed to be a discussion about the “pros and cons of single-member district representation, at-large representation, and strong mayor representation.” Local NewsBusiness Hotel building resumes as rates, occupancy climb Twitter Facebook WhatsApp Previous articleELDER: Tariffs and economic populism: Good politics, bad economicsNext articleNew OFR recruits sworn in admin RELATED ARTICLESMORE FROM AUTHOR Twitter Pinterest By admin – March 17, 2018 center_img Pinterest Rattler Midstream: 4Q Earnings Snapshot Snap Inc. to Participate in the Morgan Stanley Technology, Media & Telecom Conference 2021 Home Local News Business Hotel building resumes as rates, occupancy climb Facebook Octopus Energy U.S. to Discount Customers’ Bills by as Much as 90% WhatsApp Creamy Fruit SaladTexas Fried ChickenSmoked Bacon Wrapped French Vidalia OnionPowered By 10 Sec Mama’s Deviled Eggs NextStay last_img read more

first_imgSunday evening, Saint Mary’s Dance Marathon (SMC-DM) kick-started its fundraising year by hosting its sixth annual “For The Kids” 5K (FT5K). This run-walk circled the College’s campus, starting at the Welcome Center and ending with a mini celebration on the lake’s island. The FT5K serves as a fundraiser for Riley Children’s Hospital in Indianapolis. Dance Marathon is a student-run organization hosted by hundreds of colleges throughout the nation that raises money for the Children’s Miracle Network (CMN). As a fundraising co-executive, junior Alex Nemer was in charge of the organization and execution of the 5K.  “[FT5K] is a great event to get our Riley families, new committee girls and dancers all together for the first time,” Nemer said in an email. Involvement in the 5K is open to students, faculty and staff at Saint Mary’s, Notre Dame and Holy Cross as well as members of the greater South Bend community. Mary Selvaggi, a senior and co-executive of fundraising, emphasized the fact that it is designed to be a fun run.“The overall atmosphere of the race is very fun and cheerful, as we pump everyone up throughout the entire race with motivational posters and speakers,” she said. “There are some who run the entirety of the race and keep time, but there are plenty of others who run simply to run. We support everyone.”The goal of the event is to get the word out, get everyone together for the first time, build a sense of community and raise money for the kids, Nemer said. In addition to running, participants had the opportunity to mingle with Riley families. These are the families with kids being treated at Riley Children’s Hospital who are directly impacted by the fundraising done by SMC-DM. Grace Nolan, a junior, has been a participant of Dance Marathon throughout her three years at Saint Mary’s. For Nolan, the most rewarding part of the 5K is seeing the Riley families whom their donations help. “It was a fun and friendly reminder that we are doing this FTK [for the kids],” Nolan said. The race serves as one of Dance Marathon’s main fundraisers every year. Other fundraisers include Riley Week, a week designed to raise awareness regarding children’s healthcare and encouraging students to sign up for SMC-DM. In the past, this week has included a donut breakfast and yoga, ending with eating dinner with the Riley families. Selvaggi said SMC-DM is planning new events this year that will include a 3-on-3 basketball tournament and a formal.Both Nemer and Selvaggi said it was important for students to get involved, whether it be through participating in the marathon itself or attending the fundraising events. The 5K culminated with the reveal of this year’s marathon theme – Back to the 80s. The 2020 Dance Marathon will take place April 4 from 10 a.m. to 10 p.m. in the Angela Athletic and Wellness Complex. Tags: Dance Marathon, For the Kids, For the Kids 5k, Saint Mary’s College Dance Marathonlast_img read more

first_imgNZ Herald 11 May 2012People charged with serious crimes would have to prove they can be trusted out at large. A bill which makes it more difficult for serious violent, sexual or Class A drug offenders to get bail has been backed in Parliament at its first reading. If the amendments become law, people charged with serious crimes would have to prove to the Crown they would not be a threat to public safety if allowed out of custody. This change reverses the burden of proof for bail cases involving serious offences. At present, it is usually the prosecutor’s responsibility to prove a defendant should not get bail. The bill was passed yesterday by a vote of 105 in favour to 15 against. National, United Future, Act, the Maori Party and Labour supported the bill and Greens and Mana opposed it. The first reading followed the launch of a community movement called “Christie’s Law” which aimed to tighten bail laws. It was created by the Sensible Sentencing Trust and the parents of Christie Marceau, who was allegedly killed by 19-year-old Akshay Chand.http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=108050645 reasons to support the bail lawhttp://bobmccoskrie.com/?p=3090last_img read more

first_imgIndore, May 13: Kings XI Punjab (KXIP) will aim to push towards the play-offs with a win over Royal Challengers Bangalore (RCB) in an Indian Premier League (IPL) encounter here on Monday.Punjab are third in the points table with 12 points from 11 matches, while Bangalore are out of the contention to finish top four at the end of the round-robin stage. They are seventh with eight points from 11 games. Also Read – Meghalayan mid-fielder Phrangki Buam joins ISL side FC Goa Only Sunrisers Hyderabad, with 18 points so far, have guaranteed themselves a place in the play-offs. So there are three places still up for grabs for the knock-outs.However, the problem for Punjab is that they arrive into the match on the back of two consecutive defeats and face a team that will be without pressure. From now onwards, the Virat Kohli-led Bangalore will be out to derail other teams’ chances. Also Read – COVID-19: Football team observes ‘social distancing’ during match, loses 37-0In their past two defeats, Punjab lost to Rajasthan Royals and Kolkata Knight Riders. In the loss to Rajasthan, the problem was their batting, failing to chase down the 159-run target. Against Kolkata, the Punjab bowlers had a day to forget, conceding 245/6. However, Punjab managed to reach 214/8, falling short by 31 runs.To win against Bangalore, Punjab captain Ravichandran Ashwin would know that both their batting and bowling must click at the Holkar Stadium. Also Read – Big push to sports infra in Mizoram, gets Khelo India State CentrePunjab’s batting mostly relies on openers Lokesh Rahul and Chris Gayle as the duo have accumulated 537 and 332 runs respectively. The Punjab openers have been a major reason behind their success as the two have handed a perfect start to their side on several occasions in this year’s edition.Karun Nair has been inconsistent with 246 runs scored so far, while veteran Yuvraj Singh and Mayank Agarwal are yet to make their presence felt in the middle-order. The trio’s poor form will be a major cause of concern for the team management. However Punjab will be relieved by the fact that Aaron Finch returned to form with a 34 during the loss to Kolkata. Also Read – Manipur’s Thounaojam Kritina Devi all set to be part of the FIFA U-17 World CupIn the bowling department, Australian pacer Andrew Tye (20 wickets) and Afghan teenage spinner Mujeeb ur Rahman (14 wickets) have been brilliant. Pacer Ankit Rajpoot (8 wickets) and off-spinner Ravichandran Ashwin (six wickets) and medium-pacer Mohit Sharma (6 wickets) need to raise the bar against Bangalore, who possess a strong batting line-up.Bangalore have Virat Kohli (466 runs) and Ab de Villiers (358 runs) — two of the best batsmen in world cricket. Apart from the duo, Mandeep Singh has been impressive having scored 245 runs so far but the others have been inconsistent.Their bowling department will feature pacemen Umesh Yadav (14 wickets), Mohammed Siraz (8 wickets) and Tim Southee (5 wickets) and leg-spinner Yuzvendra Chahal (10 wickets).Squads: Kings XI Punjab: Axar Patel, Ravichandran Ashwin (Captain), Yuvraj Singh, Karun Nair, Lokesh Rahul (Wicket-keeper), Chris Gayle, David Miller, Aaron Finch, Marcus Stoinis, Mayank Agarwal, Ankit Rajpoot, Manoj Tiwary, Mohit Sharma, Mujeeb Ur Rahman, Barinder Sran, Andrew Tye, Akshdeep Nath, Ben Dwarshuis, Pardeep Sahu, Mayank Dagar, Manzoor Dar.Royal Challengers Bangalore: Virat Kohli (Captain), Quinton de Kock (WK), Brendon McCullum, AB de Villiers, Sarfaraz Khan, Mandeep Singh, Chris Woakes, Washington Sundar, Umesh Yadav, Yuzvendra Chahal, Colin de Grandhomme, Moeen Ali, Pawan Negi, Mohammed Siraj, Corey Anderson, Parthiv Patel, Tim Southee. (IANS)last_img read more