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Las Vegas Newsletter Raises Concerns about Prospect of Caesars Bankruptcy Filing
September 3, 2013
Sept. 03--The publisher of a newsletter about Las Vegas is encouraging readers not to put money down on hotel reservations or make deposits in casinos operated by Caesars Entertainment, citing the prospect of a bankruptcy filing. "In an abundance of caution, this newsletter advises you not to deposit any funds (deposits for hotel reservations, deposits in the cashier's cage or not redeeming casino chips, etc.), in ... Caesars hotels, until the situation at Caesars becomes clearer," Publisher Bill Mandel said in his Openings and Closings in Las Vegas newsletter distributed Monday. While analysts have speculated on a Caesars bankruptcy fi
Jarring Juxtaposition! Marriott and Google Ads Play on Caustic, Cuss Filled Videos – Do They Know?
September 3, 2013
Sept. 03--It's a jarring juxtaposition found only on the Internet, where page views rule and user-generated content draws advertising from Fortune 500 companies. If you click on suspended Gilberton police Chief Mark Kessler's latest YouTube video the first thing you see before Kessler begins shooting clown targets named after borough council members is advertising from the likes of Google Chrome and Marriot Hotels. The first time I clicked on Kessler's latest video this morning, a 15-second ad for Google's Chromebook preceded the 10-minute shoot 'em up and cuss-them-out video, in which Kessler peppers clown targets bearing the first nam
The New-build 130-room Holiday Inn Eau Claire South Opens in Wisconsin
September 2, 2013
Sept. 02--Business travelers, vacationers and even city residents have a new sanctuary on the southeast side of Eau Claire. Holiday Inn Eau Claire South, 4751 Owens Ayres Court, recently opened for business. The 90,000-square-foot hotel is connected to a new Johnny's Italian Steakhouse. The lodging component of the $13 million-plus project features 130 rooms, 80 of which can be connected. Although it does not have direct highway access, it's located near the intersection of Interstate 94 and U.S. 53. The new structure is easily visable from the interstate, promoting its services to the 70,000 cars that pass each day. "Visibility trumps
Developers Hope San Antonio Convention Center Expansion Brings Guests for Eight New Hotels
September 1, 2013
Sept. 01--In a market that's still recovering from the recession, eight downtown hotels could open for business -- adding 1,200 new guest rooms -- before the city wraps up the $300-million-plus Convention Center expansion in 2016. The developers might be making smart moves. City officials say the expansion will drive bigger and better events to San Antonio, drawing wealthier visitors who spend more and stay longer. That means more hotel nights and higher prices. But the jury's still out. It's unclear what advantages, if any, the largest capital project in city history will deliver to businesses tied to tourism. There are a couple of rea
Naman Hotels to Begin Work on 95-room Holiday Inn Express and Suites in Aiken, South Carolina
August 31, 2013
Aug. 31--A Florence, S.C.-based hotel development and management firm intends to start building the first of two hotels on Whiskey Road in Sep?tember. Construction on a 95-room Holiday Inn Express and Suites is projected to start in mid- to late September on a narrow stretch of land at Whiskey Road and Stratford Drive in Aiken County, said Ashok Patel, the chief executive officer of Naman Hotels. The 5.5-acre parcel, which is also designated for a 93-room extended-stay hotel, is just down the street from Aiken Exchange and the Aiken Mall. The Aiken City Council passed an ordinance in December to annex the property into city limits after
Saudi Arabia Hotel Rooms Rose by 54% to 185K Between 2004 & 2012 with 50K More Planned Over 3 Years
August 31, 2013
Aug. 31--RIYADH -- The number of hotel rooms across Saudi Arabia has climbed dramatically by 54 percent between 2004 and 2012, said Salah Al-Bakhit, vice president of Investment and Tourism Development in the General Authority for Tourism and Antiquities. In 2012, the total number of hotel rooms amounted to more than 185,000 units, representing an increase of about 88,688 rooms. Of these rooms, 8,105 are in Riyadh alone. "There's are many projects currently being implemented in major cities and the economic cities, and thus, it is expected that about 50,000 more hotel rooms will be added over the next three years," Al-Bakhit said. "The
Golden Nugget Atlantic City For Sale? Landry’s Considers Selling Property Despite $150M Renovation
August 31, 2013
Aug. 31--The parent company of Golden Nugget Atlantic City may possibly sell the casino or its Internet gambling rights after struggling with some "less than stellar results" in a slumping market. Despite a $150 million renovation last year that transformed a formerly drab property into a glitzier casino, Golden Nugget has continued to lose money under the ownership of Houston-based Landry's Inc. Landry's, the restaurant, entertainment and casino conglomerate controlled by Texas billionaire Tilman Fertitta, says it has been approached by the investment bank Houlihan Lokey to consider selling Golden Nugget or its Internet gambling rights
Las Vegas Rebound Continues with Room Occupancy up to 87.3%; Convention Attendance up 13.3%
August 30, 2013
Aug. 30--Southern Nevada visitor volume showed a slight increase in July and summer vacation occupancy swelled above monthly averages, the Las Vegas Convention and Visitors Authority reported today. The LVCVA reported 3.47 million visitors for the month, a 0.8 percent increase over July 2012. For the first seven months of the year, visitation is flat at 23.3 million. Through July this year, four months have had increases. June volume was off 0.9 percent. Citywide occupancy rates crept up 0.1 percentage point to 87.3 percent, slightly above the seven-month average of 85.5 percent. The average room rate was $100.74 for the month, up 3.7 p