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Hotel Wellness Programs Can Boost ADR and Valuations Without Breaking the Bank
Andrew R. Cohan | December 8, 2014
With minimal investment, hotels can sharpen their wellness profile and even their valuation By Andrew R. Cohan In March of this year, Westin Hotels announced a $15 million one-year campaign aimed at infusing six "pillars of wellness" throughout their portfolio of hotels. With roundly 200 Westin hotels and resorts, this campaign represents an investment of approximately $75,000 per hotel. The program is one of the most comprehensive annual wellness expenditures to have been focused on a single global brand. Though this approach is an effective one for a company the size of Starwood Hotels and Resorts, many independent hoteliers and small
Vail Resorts to Invest an Unprecedented $50 Million in Park City Mountain Resort in One Season
Vail Resorts, Inc. (NYSE: MTN) | December 8, 2014
Creating the Largest Ski Resort in the U.S. - More than $50 million of improvements in one season - Most impactful capital program in history of U.S. ski industry - Creates largest ski resort in U.S. with upgraded lifts and restaurants - All projects are subject to appropriate regulatory approval BROOMFIELD, Colo., Dec. 8, 2014 -- Vail Resorts, Inc. (NYSE: MTN) today announced details of the company's planned upgrades to Park City Mountain Resort ("Park City") for the 2015-2016 ski season. The plan, which totals over $50 million, is one of the most ambitious and impactful capital programs in U.S. ski industry history and will transform
IHG Accepts $406M Offer for InterContinental Paris – Le Grand from Constellation Hotels France Grand
IHG (InterContinental Hotels Group) | December 8, 2014
8 December, 2014 - InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] today announces that it has accepted the offer from Constellation Hotels France Grand SA, an affiliate of Constellation Hotels Holding Limited, to acquire InterContinental Paris – Le Grand for €330 million ($406 million**). The terms of the transaction are unchanged from those announced on 7 August 2014. IHG's acceptance of the offer follows the conclusion of the information and consultation period with the relevant hotel employees' representatives, and the execution of definitive legal documentation. The transaction is expected to complete by the end
Bardessono’s Jim Treadway Named a “General Manager Of The Year” by California Hotel & Lodging Assoc.
The California Hotel & Lodging Association | December 8, 2014
Yountville GM receives "Stars of the Industry Award" in Small Property Category Yountville, CA - (December 2014) - Bardessono, the LEED Platinum Certified wine country hotel located in Yountville in the heart of Napa Valley, is pleased to announce that its General Manager Jim Treadway was named "General Manager of the Year" in the Small Property category by the California Hotel & Lodging Association. This award honors an hotelier who has demonstrated superior professionalism in operating a CH&LA member property and has taken a leadership role in the industry by actively participating in association, community or industry program
Jim Dale Named Director of Food & Beverage for the 1,306-key Grand Hyatt New York
Grand Hyatt New York | December 8, 2014
NEW YORK (December 8, 2014) - Grand Hyatt New York is pleased to announce the appointment of Jim Dale to Director of Food & Beverage. In this role, Dale will oversee all Food & Beverage operations for the hotel's 1,306 rooms and suites, seasonally-inspired restaurant New York Central, grab-and-go Market, as well as banquets in the hotel's extensive meeting and event spaces. "We are thrilled to have Jim leading our Food & Beverage operations at Grand Hyatt New York," said Mark Pardue, General Manager. "Jim has proven himself time and time again as Senior Director of Catering and his outstanding food & beverage, catering a
The St. Regis Bal Harbour Resort & Residences Appoints Dagan Stocks as Chef de Cuisine
The St. Regis Bal Harbour Resort & Residences | December 8, 2014
December 8, 2014 - Bal Harbour, Florida - The St. Regis Bal Harbour Resort is delighted to announce the appointment of Dagan Stocks as the Chef de Cuisine of J&G Grill, the resort's critically acclaimed restaurant. With a deep appreciation for the finest ingredients and refined flavors, Dagan's culinary expertise and hospitality experience will bring a new dimension to the resort's signature restaurant which recently received four stars from the Miami Herald. As the Chef de Cuisine of J&G Grill at The St. Regis Bal Harbour Resort, Dagan will continue to evolve J&G Grill's menu, which features renowned chef Jean-Georges Vonge
The 105-suite Residence Inn Fort Lauderdale Intracoastal Opens in Florida
Residence Inn | December 8, 2014
Owned and Managed by Claremont Companies Fort Lauderdale, Florida - December 8, 2014 - The 105-suite Residence Inn by Marriott in Fort Lauderdale, Florida is now open for business. Located at 3333 NE 32nd Avenue, the all-suite Residence Inn Fort Lauderdale Intracoastal will operate as a Marriott franchise, owned and managed by Claremont Companies of Bridgewater, Massachusetts. Located on the Intracoastal Waterway, two blocks from the Fort Lauderdale beach, three miles from downtown and nine miles from Fort Lauderdale/Hollywood International Airport, the Residence Inn Fort Lauderdale Intracoastal offers its guests convenient access to th
Nobody Asked Me, But… No. 133: Hotel History: Liberty Hotel in Boston
Stanley Turkel, CMHS | December 8, 2014
My New Book: "Hotel Mavens: Lucius M. Boomer, George C. Boldt and Oscar of the Waldorf"; 2014 Historian of the Year By Stanley Turkel, CMHS 1. Hotel History: Liberty Hotel in Boston* The luxurious 298-room Liberty Hotel is part of the Starwood Luxury Collection. Its creation from a prison is one of the most creative and unusual conversions of our time. It was converted in 2007 from the Charles Street Jail for $150 million. Completed in 1851, the jail was designed by Gridley James Fox Bryant, Boston's most famous architect. Satisfaction with his work was so high that of the 152 buildings he designed that were destroyed by the Great Fire