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U.S. Paralysis Leaves Travel Agencies Scrambling
October 3, 2013
Oct. 03--The U.S. government shutdown that started at midnight Monday has impacted the global travel industry, with tourist agencies in Japan scrambling to avoid severe losses. The failure of Democrats and Republicans to agree on a new budget saw the closure of 401 national parks, museums, zoos and other public attractions that draw Japanese tourists across the U.S. "Such attractions as Yosemite National Park and the Grand Canyon are very popular with Japanese visitors," a spokesman at Kinki Nippon Tourist Co., one of the nation's largest travel agencies, told The Japan Times on Wednesday. "They are part of many package tours that our c
Daniel Lee, Former Pinnacle Entertainment CEO, Takes Over at The Palms in Las Vegas as CEO
October 3, 2013
Oct. 03--The Palms has a new boss. Daniel Lee, the former chairman and chief executive officer of Pinnacle Entertainment, has taken over the off-strip resort as its new CEO. He replaces Joseph A. Magliarditi, who joined the Palms in June 2011 and recently resigned to pursue other business interests, according to Alex Acuna, the Palms' spokesman. "Our founder George Maloof and Joe [Magliarditi] built and improved this spectacular resort casino and put together a tremendous team of people who bring life to it every day," Lee said in a statement. "I look forward to continuing to building on the great legacy they have begun." Two of Magliar
Construction in Full Swing for Walla Walla’s 120-room Courtyard by Marriott; Plan Fall 2014 Opening
October 2, 2013
Oct. 02--Construction on the 120-room Courtyard by Marriott is getting into full swing, operators say. Work is ramping up at the Rose Street property on a hotel project that's been more than five years in the works. Walla Walla Hospitality LLC owners Chris and Christine Ashenbrener of Spokane are serving as general contractors and will own and operate the hotel, according to an announcement from Walla Walla Hospitality. Although its location has previously been described as the Ninth Avenue and Rose Street, the development is on the eastern portion of the giant property where Walla Walla's last local cannery shut down in 2004. It's tech
Argentine Investment Group Buys the Berkeley Shore Hotel, Miami Beach, FL; Will Renovate & Expand
October 2, 2013
Oct. 02--An Argentine investment group has purchased the Berkeley Shore Hotel in Miami Beach and plans to renovate and expand. Guesch Inc. was the seller of the 64-room Art Deco property at 1610 Collins Ave. and Majestic Properties handled the deal, which closed Sept. 5. A representative of the real estate company would not disclose the selling price, but said it was "very close" to the asking price of nearly $13.8 million. Buyers Jorge Savloff and Marcelo Tenenbaum already own several other hotels in Miami Beach including the Greenview Hotel, Aqua Hotel and Riviere Hotel. Renovation plans at the Berkeley Shore call for 33 more rooms, a
Fergus Falls, MN Hampton Inn Hotel Plans Fall Through
October 2, 2013
Oct. 02--Plans to build a new Hampton Inn hotel on the west side of Fergus Falls are no longer in the works, hotel owner Brian Patel confirmed Tuesday. Brian and Vibha Patel are owners of 14 Hampton Inn hotels across the Midwest. Last fall, they purchased the lots along Western Avenue on the west side of Fergus Falls near Interstate 94. Brian Patel originally hoped construction would begin last March. The Patels still own the property, according to Harold Stanislawski, executive director of the Fergus Falls Economic Development Commission. "He's made his decision based on factors that were important to him," Stanislawski said. "What we
Vision Hospitality Group, Inc. Opens Three New Hotels in the Southeast and Midwest
Vision Hospitality Group, Inc. | October 1, 2013
CHATTANOOGA, TENN., OCT. 2, 2013 — Vision Hospitality Group, Inc. recently opened three new hotels in the Southeast and Midwest: the Residence Inn Atlanta NE/Duluth Sugarloaf, the Fairfield Inn & Suites Knoxville West and the Hampton Inn & Suites – Schererville, IN. The 112-suite Residence Inn Atlanta NE/Duluth Sugarloaf features spacious studios, and one-bedroom and two-bedroom suites with modern working areas and fully-equipped kitchens. Other amenities include a resort-style swimming pool, fireplace and water fountain with fire facet. The Fairfield Inn & Suites Knoxville West represents a new Fairfield Inn & Suite
Caesars Entertainment Sells 10.3 million Stock Shares to Swiss Banking Firm to Help Cover Loan
October 1, 2013
Oct. 01--Caesars Entertainment Corp. has sold 10.3 million shares of its common stock to a Swiss banking firm for $200 million, according to a filing with the Securities and Exchange Commission. Credit Suisee Securities purchased the stock for $19.40 per share. Today's sale follows the heels of the gaming giant's Sept. 25 move to offer common stock to generate cash to pay down a mortgage loan. Under an agreement, the banking firm has 30 days to purchase an additional 1.5 million shares. The company bought some of those extra shares today, buying 340,418 more shares and generating $6.6 million, the filing states. Caesars' public offering
Hygienic Solutions US Announces Commercial Availability of Stop Bugging Me!
HTS, LLC | September 30, 2013
Hygienic Solutions US announces commercial availability of non-toxic, GREEN solution guaranteed to eliminate bed bugs. 100% organic solution tested by independent laboratories to kill 100% of pests within 15 minutes Fern Park, Fl- October 1, 2013 - Hygienic Solutions US of Fern Park, Florida announced today the commercial availability of their 100% non-toxic, organic solution "Stop Bugging Me" that promises an end to hospitality bed bug issues. "The solution is unique in that it has been laboratory tested by ICR Labs, the EPA recommended independent laboratory, and has been proven to kill 100% of treated bugs within 15 minutes," said Fr