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Florida Restaurant & Lodging Association Honors Gene Prescott with 2014 Hotelier Hall of Fame Award
January 8, 2014
Jan. 08--Florida's largest hospitality trade group this week honored the president of the Biltmore Hotel and a longtime executive of Miami-Dade County-based Southern Wine & Spirits. Gene Prescott, whose Seaway Group owns the Biltmore, was given the 2014 Hotelier Hall of Fame Award, and Herman Fernandez, vice president of national accounts for Southern Wine, was named the 2014 Supplier of the Year by the Florida Restaurant and Lodging Association. The association, which represents more than 10,000 members of the state's $72 billion hospitality industry, announced the awards at a gala Tuesday in Amelia Island. Prescott was recognized
G.C. Garcia Inc. Plans 288-room “Tower 228 Boutique Hotel”, for Las Vegas
January 8, 2014
Jan. 08--Plans for a high-rise hotel downtown without a casino -- and located far beyond the large swaths of land purchased by Tony Hsieh's Downtown Project -- will be considered by a city commission next week. With 288 rooms, the hotel size pales in comparison to the Strip's hotels. Developer G.C. Garcia Inc. calls the enterprise Tower 228 Boutique Hotel. Boutique hotels in other parts of the country with smaller-sized hotels are defined as having fewer than 100 rooms. That said, plans for Tower 228 include amenities such as restaurants, bars, a fitness center, conference space and a rooftop pool. It would be built on two parcels, 222
Scaling Back on Original $3.1B Destination Resort, Genting Wants to Build a Slots-Only Resort
January 8, 2014
Jan. 08--Genting Resorts World announced Monday that it wants to stake its fortunes on a scaled-back, slots-only resort on the Miami waterfront, a suggestion that the company may be prepared to sidetrack the glitzy destination resort that it planned two years ago. Under the proposal, the Malaysian gambling company would enter into a four-way partnership that would allow it to use a permit owned by Gulfstream racetrack to open a slots casino at the Biscayne Bay property once owned by the Miami Herald. If approved by legislators or state gambling regulators, the permit would allow Genting's Resorts World Miami to open 2,000 slot machines
Doubling Down on Theme Parks – Comcast CEO Signals Universal to Compete Aggressively with Disney
January 8, 2014
Jan. 08--The top executive at Comcast Corp. signaled Tuesday that the company expects to win theme-park market share away from industry leader Walt Disney Co. and other rival park owners. "We're doubling down on theme parks," Comcast Chairman and Chief Executive Officer Brian Roberts told analysts during a conference in Las Vegas that was broadcast online. "We think that there is a lot of 'there' there in the theme-park business for many years to come and that we have a low market share -- and only one way to go." Comcast's Universal Parks & Resorts operates the third-busiest collection of theme parks in the world, with combined att
S. Korea Tycoon, Yang-ho Cho has High Hopes for $1 Billion L.A. Hotel Project
January 8, 2014
Jan. 08--On a honeymoon trip to Southern California in 1974, Yang-ho Cho and his new bride drove into downtown Los Angeles only to get lost among the dark, empty industrial buildings and shuttered shops. Cho remembers he could find no one on the streets to ask for directions to his hotel. Nearly 40 years later, Cho is heading the development of the tallest building west of the Mississippi, a $1-billion downtown hotel complex that no one will have trouble finding at night. It represents only the latest investment of major South Korean capital that Cho has helped bring to Southern California as chairman of Hanjin Group. The Korean conglom
Must-See Gadgets of 2014 International Consumer Electronics Show
January 7, 2014
Jan. 07--The 2014 International Consumer Electronics Show kicked off at the Las Vegas Convention Center today featuring more than 3,200 exhibitors touting the latest technological creations across 15 categories. From wearable tech to intelligent toothbrushes to sharper-than-life HD screens, we scoured this year's big reveals for the most creative gadgets and innovations to look out for on the trade-show floor: --4K TVs 3D TVs: out. 4K TVs: very, very in. These Ultra HD televisions made an appearance at last year's trade show, but manufacturers like Samsung, Sony and LG have made big strides in their high-res displays over the past year,
Surf Apparel Quiksilver on Board with Hotel Concept
January 7, 2014
Jan. 07--Huntington Beach-based surfwear company Quiksilver is extending its brand name to a new action-sports hotel concept called Quiksilver Hotels & Resorts International. The exclusive licensing agreement encompasses use of Quiksilver's brand and retail presence, but QHRI is a separate entity from the publicly traded surf-apparel company. Matteson Capital, the Newport Beach developers behind the QHRI project, began raising a first round of $250 million in November. Over the next three to five years, the money will be used to build and acquire a handful of properties that feature amenities like on-site concert venues, skate parks
What’s Ahead (or not) in 2014 for Kansas City Development?
January 7, 2014
Jan. 07--Looking ahead at the development year in Kansas City, there are enough 2013 leftovers to rival a week of post-Thanksgiving meals. And speaking of turkeys, 2014 may be the last gasp for the idea of a downtown convention hotel. The current push for this perennial mega-project began six years ago. The buzz continues, but no pitch has been presented with a risk factor palatable to the guardians of the city treasury. The underperforming Power & Light District may be considered an acceptable downtown loss leader, but it poisoned the well for more city-backed bond deals. There was a flurry of activity toward the end of the year, b