OOZcollections :: Scrapbook of Ideas

September 15, 2009

Shrinking U.S. Hotel Development Pipeline

Filed under: Hotels and Resorts, Real Estate — Vivian Chen @ 1:24 PM
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Face it, we’re in the depression. It is a word many people would prefer to avoid saying because that would scare away even more people. If you tell your soldiers that they are losing the war, they would dissipate. If the word “depression” is being freely thrown around by experts, society would be in hysteria. It’s a matter of confidence. Even when you don’t have it, sometimes you should fake it until it becomes reality.

There is a declining rate in the developments in the hotel industry, but I believe that those who survive through it will prosper even more when we recover from this depression. The word now is perseverance.

Source: hotelsmag.com

http://www.hotelsmag.com/article/CA6696850.html?industryid=47562

U.S. Pipeline Shrinks 2.5% Since July

– Hotels, 9/15/2009 9:55:00 AM

The total active U.S. hotel development pipeline includes 4,384 projects with 475,521 rooms, according to the August 2009 STR/TWR/Dodge Construction Pipeline Report. This represents a 2.5% decrease in the number of rooms in the total active pipeline compared to July and a 27.9%  decrease compared to August 2008.

The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages, but does not include projects in the Pre-Planning stage.

“The U.S. development pipeline continues the steady slowing we’ve seen since 2007,” commented Duane Vinson, vice president at STR. “All regions of the U.S. are experiencing dramatic decreases in pipeline activity. Slowing supply growth should positively impact industry fundamentals moving into 2010. Hopefully with improved economic growth, demand will firm, resulting in stronger occupancies and better average rate movement across the industry.”

Each U.S. region reported large year-over-year decreases in the number of rooms in the In-Construction phase. The East South Central region experienced the steepest drop at 56.6 percent to 6,466 rooms. The New England region also reported a considerable decrease in rooms in the In-Construction phase, falling 46.5 percent to 2,666 rooms.

The South Atlantic (30,764 rooms in the In-Construction phase) and the West South Central (28,198 rooms) regions account for more than 45 percent of the total U.S. rooms in the In-Construction phase.

All nine of the U.S. geographic regions experienced significant declines in the number of rooms in the total active pipeline in year-over-year comparisons. The East North Central region posted the largest drop, decreasing 36.8 percent to 37,172 rooms. The Mountain region fell from 85,259 rooms in the total active pipeline in August 2008 to 55,106 rooms in August 2009, resulting in a 35.4-percent decrease. Two other regions experienced decreases in rooms in the total active pipeline of more than 30 percent: the East South Central region (-33.8 percent to 30,263 rooms) and South Atlantic region (-31.2 percent to 115,497 rooms). The New England region reported the smallest decrease, falling 16.9 percent to 17,976 rooms.

InterContinental Hotels Group & Thai Chareon Corp. Multi-Brand Deal in Asia Pacific

Source: hotelsmag.com

http://www.hotelsmag.com/article/CA6696658.html?industryid=47562

IHG Signs Multi-Brand Deal With TCC

– Hotels, 9/14/2009 10:39:00 AM

IHG (InterContinental Hotels Group) announces the signing of a deal with leading Thai conglomerate TCC (Thai Chareon Corp.) to convert and rebrand four existing hotels, which adds nearly 1,500 rooms to IHG’s Asia Pacific portfolio.

The hotels are located in Australia, China and Japan, and will carry the InterContinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts and Holiday Inn® Hotels and Resorts brands.

“We are confident that the four properties added to our portfolio will do well operating under the various IHG brands. We look to IHG’s management experience, brand portfolio and commitment to the hospitality industry in Asia Pacific to ensure the success of our partnership,” says Khun Charoen Sirivadhanabhakdi, founder and chairman of TCC.

TCC’s businesses cover various sectors including beverages, property, industrial trading & consumer products and agro-related business as well as insurance and leasing. Presently, TCC is the owner of InterContinental Singapore. With this new agreement, TCC will have a total of five IHG properties in its portfolio.

Additionally, TCC and IHG will finalize a strategic cooperation agreement for future management opportunities in Asia Pacific.

As TCC moves to fortify its property business, this alliance will see IHG working closely with TCC on more hotel assets in Asia Pacific region.

“We are delighted to win TCC’s confidence in our brands. This partnership allows us to bring to bear the strength and scale of IHG brand and systems to drive operational performance of the hotels and deliver returns,” says Jan Smits, managing director, IHG Asia Australasia.

The four hotels in the agreement comprise:

1.      InterContinental Adelaide – conversion from the Hyatt Adelaide. This 367-room property is ideally located in the Adelaide Central Business District. It is adjacent to the Adelaide Convention Center, the Adelaide Casino and the Adelaide Festival Centre. Refurbishment works are planned for the property.

2.      ANA Crowne Plaza Kobe – currently a franchised Crowne Plaza hotel, the 592-room property will join IHG’s Japan managed hotel portfolio.

3.      Crowne Plaza Kunming City Center – conversion from the current Banks Hotel. The 285-room property is 15 minutes away from the Kunming Airport and enjoys a city-center location. An extensive scope of works is planned for the property.

4.      Holiday Inn Kunming City Center – conversion from the current Sakura Kunming Hotel. This property has 235 rooms and will undergo major works prior to branding as a Holiday Inn. The hotel is located in the city’s financial and commercial district.

September 9, 2009

Vertical Farm World

There’s a side effect after eating junk food or fast food: you eventually become sick and tired — the sweet too sweet, the salty too salty. We begin to forget that food is supposed to taste like in its original natural state. Around June of 2009, I was introduced to the new concept of Vertical Farming. Since then, I have had an increasingly growing interest about this topic. It is a merging concept and application of design, architecture, real estate, and environmental science. It is obvious that the world has been changing rapidly for quite some time, and I believe that we as humans we have come across something cool and useful. As we face the many challenges the future brings us, we have two choices: move forward or fall behind. If the vertical farm has the possibilities – to keep food natural, promote healthful living, avoid overuse of pesticides, fight poverty in developing countries, and etc. – then why not give it a chance? Although it requires strategies and is heavily resourced, I believe that if successful, the benefits will outweigh the disadvantages and the marginal benefits greater than the marginal costs.

-Vivian

 

Dickson Despommier talks to Next American City at his Columbia University office about what vertical farms would mean for cities and for the globe.

Source: americancity.org

http://americancity.org/daily/entry/1769/

Revisiting Vertical Farms

Next American City | Mon, Aug 24th, 2009 | Category: Interviews | Tags: next american city, hamida kinge, dickson despommier, vertical farms, columbia university

In perhaps the most public airing of his views and ideas to date, Dickson Despommier wrote an op-ed for Sunday’s New York Times about his “vertical farms” concept. In February, Hamida Kinge conducted a lengthy interview with Despommier, which appears below:

The way skeptics see it, Dickson Despommier has a lot of explaining to do: He’s got big plans for the future of farming. By 2050, the planet will have to feed three billion additional mouths, and traditional farms, which threaten food security by deforestation, the use of fossil fuels and ecosystem destruction, will not be able to hack it. Dr. Despommier, an environmental health scientist at Columbia University, believes the answer lies in the vertical farm, a glass-walled structure that can be designed as tall as a typical skyscraper, and can be located inside city bounds or around city limits.

It sounds quixotic at first, and Despommier readily admits that there is much he cannot answer until he secures funding to build a prototype. But he asserts that every process used in a vertical farm, from the agricultural to the mechanical, has been implemented in some capacity elsewhere, so there are no new mechanics or science involved. Still, vertical farms would be incredibly complex to build and operate, and consequently carry an enormous price tag, which is the main complaint of critics. The farms would also require accessory structures, like labs and seedling nurseries. Despommier intends the energy used by a vertical farm to be self-generating: Plant and waste-water solids would be incinerated to generate electricity. The host city’s gray water would be remediated and infused with nutrients to grow crops, a soil-less process called hydroponics. If the gray water plan works, it could save a city like New York – which dumps a billion gallons of remediated gray water into the Hudson each day – a lot of water and, consequently, a lot of money.

Furthermore, vertical farms would require plenty of staff—which would mean plenty of jobs, grins Despommier. He is fairly confident that, if a few vertical farms are successful, the government will begin to provide tax incentives to encourage their construction. Several cities and countries have expressed interest, including New York City, Shanghai, Masdar City (a zero-carbon solar city under construction in Abu Dhabi) and the country of Jordan. And Despommier believes it’s an especially good sign when a Nobel Prize winner likes your work: At last year’s World Science Forum, his concept won the praise of Steven Chu, the new head of the Energy Department. And anyway, Despommier wonders, with the stakes high for the future of food, is there really an alternative for the future of farming?

Next American City spoke with Despommier at his Columbia University office about what vertical farms would mean for cities and for the globe.

A New York Times article last year suggested that investments in vertical farms in areas of prime real estate would not be likely because other businesses would yield more of a profit. What’s your take on that?

Despommier: I don’t think you’d have a problem convincing developers that this would be a good idea because [vertical farms] would generate money, jobs, and become tourist attractions, I think. But for the most part, I don’t think you’d put [a vertical farm] on 5th avenue and 42nd street.

We took this idea to [an environmental justice] group called WE ACT. Five of our students had [to determine] what would happen if you placed a vertical farm inside Harlem. They showed [WE ACT] some of these designs and said, “We’re thinking about vertical farming inside the city.” And they asked, “What’s a vertical farm?” so that sat down and told them. And WE ACT said, “We’ll show you a place. Put it right here.” That’s how positive they were about it. Even [Manhattan Borough President] Scott Stringer, and Rosemonde Pierre-Louis, who is his deputy mayor for the borough, both have really strong feelings about wanting this to happen inside Manhattan. Where? I don’t know. But I can identify some other places. What about Floyd Bennett air force base? That’s 25 square miles of property that is unused. What about Governor’s Island? I would [also] like this retrofitted into schools, hospitals, senior citizens facilities, on the tops of apartment houses, maybe three of four stories.

If those real estate costs are high, and if the vertical farm employs several people, how would you keep food costs low?

There is no packaging in the vertical farm, so you can eliminate that cost. There’s no storage – [produce is] sold fresh daily. What you don’t sell, you recycle through the energy recapturing system because you don’t want it to rot. You could probably sell [leftovers] to value-added food processing. There’s no shipping. There’s no pesticides or herbicides or fertilizers used so there’s none of those costs. There’s no extra costs added for loss of crops due to weather and crop failures. And you get more than one crop per year because you’re continuously farming inside, so all of these things tend to lower the cost.
Give me an example of a country that is interested – one where it seems promising that they might fund a prototype.

One of the requests we have that we think will actually result in an initiative is from the country of Jordan. I’ve had an inquiry from two separate [US AID representatives from Jordan]. They want me to come visit Jordan to explore the possibility of working with Hyatt hotels to produce vertical farm-like settings inside the hotel so that they’re carbon neutral. You can integrate food production into the hotel as well as energy recapture and all these other things, because, remember, it’s a desert. You’ve got wonderful sun. You don’t have any water, but if you drill down deep enough you’ll have water too. So we can accomplish a lot. If you’re constrained by New York City building codes or something like that, you might not be able to do this. If you go to Jordan they will give you an open invitation to try whatever you like.

With crowding, congestion and traffic already an issue for cities, and the trend of populations moving back to cities, how would trucks pick up massive amounts of produce inside a city?

Maybe they do at it night, or you restrict them to times. I think that by locating the farms at the periphery [of a city], you can alleviate the (traffic) problem. 

But is it also possible to put them in dense areas inside the city?

If you’re talking about big commercial ventures like a 30-story building, that’s probably not going to be in the center of the city because getting enough light into the building would be a problem. But if you’re talking about integrating a vertical farm into a restaurant, a new restaurant or a new school or something else, then the answer is wherever you’d like one.

You support the systematic abandonment of the traditional farm. If that happens, every bit of the food they once produced would need to be replaced in a vertical farm, plus more because of population growth. What amount of acreage would one vertical farm replace for one traditional farm?

It’s an interesting statement you just made: “If we have to abandon our farms.” I hate to tell you this, but we’re already doing it. And they have to do it, not because of vertical farming but because farming is failing. The climate change issues now have determined that what you used to be able to grow, you can no longer grow. [Also], overuse of pesticides have worn out the soil and created terrible situations.

The food and agriculture organization for the World Health Organization has repeatedly said that if we could just put trees back to where they used to be, you could slow [climate change] down. So the answer to the question to the ratio of land indoors to outdoors—that would depend on the crop, but the number that I’ve been given from the world expert on indoor farming – his name is Gene Giacomelli [of the University of Arizona Center for Controlled Environment Agriculture]  is that on average, for one acre of indoor land you save four to six acres of outdoor land. That was for tomatoes. For other crops you can make that ratio go way up. There was a guy who raised barley, which he used to feed his animals. So he decided to do it inside of a big shed. He saved 200 acres by just stacking them all up inside. Then he let (the outdoor land) go back to natural grasslands. And the government sent him a check for that because he was restoring the environment. And he still fed his animals. So when you present farmers with these options, they start to think, “I don’t have to raise corn to raise money, I can raise trees to raise money. I’ll become a carbon farmer.” I don’t want to put [traditional] farmers out of business. I just want them to grow something else. 

Let’s talk about the science side of food security. How will indoor farms reproduce the natural processes of cross-fertilization that keep species strong and biologically diverse?

If you make seed banks…[you ensure] the ability to maintain [hybrid vigor]. In other words, you don’t get stuck with inbred strains of plants because they become highly susceptible to diseases. So [the vertical farm would have] some buildings that would grow crops just for seeds. Outside I think it’s more difficult because you can get big losses due to weather events and to pests and this sort of thing. Indoors you can control all of that. [Keeping diseases out] is an easy thing to do because we know how to do it with people. It’s how you treat people in the ICU of a hospital so I want to treat my plants the same way. It adds an expense to the building, but it’s worth it, because outside, you lose 50% of what you grow before it gets to the market.

Moving to the developing world: Your website says the vertical farm could be the answer to hunger in poor countries. How would the food be affordable to people who might survive on just a few dollars a week, if that?

It depends on the altruistic nature and stability of the country. So, for example, in India, the middle class gains about 25 million people per year. So what do you do about somebody who makes two dollars a day? How do you feed them with the concept of a vertical farm? And the answer is you don’t. I can’t use this as an example and I don’t pretend to do that. What I want to happen is: Prototypes will eventually lead to versions of the vertical farm and the people who can afford them first are the same people who can afford [a cell phone]. I can take you to India – everybody has one! How can you afford that? And the answer is: Because you know what it does and it connects the entire country, without the need for infrastructure.

So would philanthropists who have an interest in a developing country’s population be the primary investors in the vertical farms in those countries?

[Yes]. I know an organization in Duluth, Minnesota. A Nigerian physician has organized Nigerian physicians in this country and wants to go back to Nigeria and build a large school/hospital complex with a vertical farm. I haven’t heard from him in a while but what I suggested to him was to organize the Nigerians in this country – and Hakeem Olajuwan was one of those people. That’s a very wealthy person with deep interests in Nigeria (etc, etc). But a country’s [successful immigrants] can do a great deal of good.

Clearly the world’s rising population plays a role in our myriad environmental crises. How many people is too many for the planet, and if there is an amount, how to keep the population below that number?

That’s a loaded question! As long as they have all the essentials – clean water, safe food, clothing, shelter. There is no upper limit as long as we can ensure these things. Joel Cohen is a world expert on population and he refuses to address that question and so do I.

http://americancity.org/daily/entry/1769/

September 1, 2009

under30ceo.net – a place for young newpreneurs

Filed under: Innovation, Lifestyle, Personal Development — Vivian Chen @ 12:58 PM
Tags: , ,

Today, while waiting to go to class and sitting in front of my computer in the computer center, I started my own 15 Things in the Next 15 Years. The list will be posted to my website http://www.ChenVivian.com when I finish the final draft. 

I’ve been reading like crazy. The real studying begins towards the end of / after college. 

Source: under30ceo.com

http://under30ceo.com/2009/07/29/7-things-i-learned-as-an-entrepreneur-in-the-past-6-months/

7 Things I learned as an entrepreneur in the past 6 months

July 29, 2009

 

Alexander_the_Great*This is the first post in series about ‘Entrepreneur lessons and mistakes’. Aside from being a person who has committed atrocious stupid mistakes in life, I also made numerous missteps in the past 6 months I’ve been out of college trying to successfully launch 2 start-ups at the same time. So far the only thing I have to show is plenty of gray hair at 21 which is why I decided to write this series to help fellow entrepreneurs learn from my mistakes. It is said that “only a fool learns from his own mistakes, a wise man from the mistakes of others.” What are you? A fool or a wise man/woman?*

These are the lessons I learned.

1. This sh*t is hard – Entrepreneur is not a job, but a lifestyle. Get used to late hours, 14 hour work days and best of all, getting absolutely nothing in return. Ask any Entrepreneur you know and they will tell you they wouldn’t have it any other way.

2. People are going to say NO to your idea and NO to you, A LOT – They are not evil people or even bad people, just people who don’t see the potential in your idea. I’ve been told no plenty of times and it doesn’t get any easier.

3. Your best ideas come when you are not thinking about it-  You know the story about Archimedes finding the Law of Buoyancy while taking a bath and running through streets shouting “Eureka,” naked? I’m not saying we should all take baths while trying to solve a problem, but it helps sometimes to stop thinking about the problem. You want to run the streets naked shouting “Eureka,” but I think there is a law against that behavior.

4. Read like crazy, especially when you are busy – If you haven’t figured it out already, the amount of knowledge needed to run a successful start-up is exponentially greater than the amount of knowledge you currently possess. Sure you can’t replace experience with reading, but that’s no excuse to making a stupid mistake which could have been avoided by simply reading a book.

5. There are two types of books you should read – Ones that teach the right attitude and the ones that teach the right skill. ‘7 Habits of Highly Effective Men’ by Stephen Covey falls in the first category and ‘Getting Things Done’ by David Allen and ‘Effective Executive’ by Peter Drucker falls in the latter category.

6. Hiring is a herculean task – Picking your team is more important than almost everything else in business. You can have a killer product, no competition in sight and millions in funding, but if you don’t have a good team, you are going to ultimately fail. Even when you have all those things going for you, it will nearly impossible to find the right person; think of when you have none of it going for you.

7. Its easier to be a great leader than a good follower – Hannibal led his soldiers from the front, Caesar’s mere presence in the battlefield caused his men to fight harder and Alexander was nearly killed fighting in the front lines. What are you going to do? Are you going to be in the sidelines shouting orders or are you going to get dirty in the field?

senthil 

This post written by contributor Senthil Nambi, check out his projecthttp://twitlens.com. He writes a blog “chronicling the life of a twenty something entreprenuer who just recently learnt how to spell entreprenuer.”

 

*So many familiar examples I saw in the article that I learned over the summer at a Business Strategy course. (Archimedes-eureka, Alexander the Great, Hannibal…=)

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