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New DVD Captures The Story Of South Beach; SOUTH BEACH: Stories of a Renaissance; a Planner Must
Tropic Moon Media | July 30, 2013
Miami Beach, Florida (August 1, 2013) – Tracing South Beach from its earliest pioneer days to today's high-energy global resort, an exciting new DVD is bringing the remarkable comeback story of this historic district to life. With historical photos as well as on-location scenes, 'SOUTH BEACH: Stories of a Renaissance' offered by Tropic Moon Media provides a unique look at one of the world's most popular travel destinations. "Our new 36-minute video recalls the booms, busts and personalities responsible for turning an isolated, mosquito-infested island into a glamorous beachfront resort in less than a century," said DVD producer Eleano
Holiday Inn Express in Newton, Iowa Faces Foreclosure
July 30, 2013
July 30--In 2006, Newton Investments LLC borrowed $2.49 million for the downtown Holiday Inn Express in Newton. There hasn't been a payment on the loan since March. The loan's holder, Zions First National Bank, has given Newton Investments a foreclosure notice. The notice claims that the hotel has failed to make more than $80,000 in payments this year. Currently, $1.75 million remains unpaid on the loan. The petition calls for a foreclosure on the loan due to the lack of monthly payments. Also, the suit states that the hotel is in risk of losing its Holiday Inn franchise because it has failed to meet benchmark quality scores and custome
McCormick Place Files Suit to Gain Parcel for Development of DePaul Arena and 500-room Hotel
July 30, 2013
July 30--McCormick Place officials filed a lawsuit Monday to gain control of a Lakeside Bank property needed for the development of a DePaul arena and an adjacent 500-room hotel. The Metropolitan Pier and Exposition Authority, or McPier, filed a "quick-take" eminent domain lawsuit in Cook County Circuit Court for a parcel at 2141 S. Indiana Ave., just north of the convention center's West Building. Such lawsuits allow a government to take immediate possession of a property if the court finds there is adequate public use. Then, the litigation continues to determine the ultimate sale price, according to Gerald Korngold, a professor at New
Nobody Asked Me, But…No. 106; What Is A Hotel Manager?; Quote of the Month / Stanley Turkel
Stanley Turkel, CMHS, ISHC | July 29, 2013
By Stanley Turkel, CMHS, ISHC 1. What Is A Hotel Manager? In 1963, the Loews Hotel Corporation published a small booklet with 18 black and white photographs from vintage movies. The booklet was named "What Is A Hotel Manager?" The captions under the photographs were funny then and, I believe, are still funny fifty years later. The booklet's dedication and introduction read: Dedication: It is with deep appreciation that we thank Tom Troy, Harry O'Brien, Pierre Bultinck, Frank Berkman, Arthur Levey, Henry Judermans, John Braun and Jerry Olin without whom this booklet would never have been possible. Introduction: A hotel manager is a man o
Thousands to Picket Cosmopolitan in LV as Contract Talks Wear On; Culinary Union Joined by CSEA
July 29, 2013
July 29--The last time the Culinary Union protested outside the Cosmopolitan, members chanted: "We'll be back! We'll be back!" Well, they're back, now planning to string thousands of red-shirted workers in a picket line outside the Strip resort from 5 to 7 p.m. Wednesday for the union's fourth protest since January. But this time the Culinary -- representing about 60,000 bartenders, maids and food servers in Las Vegas -- will have help. In town for their annual convention, blue-shirted members of the California School Employees Association plan to join the Culinary in solidarity with some 2,000 hospitality employees who have been workin
Planned “Wynn Palace” – the $4 Billion Resort on Macau’s Cotai Strip to Open by Early 2016
July 29, 2013
July 29--Wynn Resorts Chairman and CEO Steve Wynn gave more details about his planned $4 billion resort on Macau's Cotai Strip today, including its name -- Wynn Palace. In a conference call to discuss the company's second-quarter earnings, Wynn said the new property would have a floral theme with colorful floats adorning the resort and changing monthly. "Our resorts have always had a special public entertainment piece with an erupting volcano (at the Mirage), a pirate ship battle (at TI) and dancing waters (the fountains at the Bellagio)," Wynn said. "The theme will be flowers at our new resort." Wynn gave a few hints about the appearan
Springfield, Ohio Hotels Report Jump in Business; Occupancy Rate Up By 6.6% Over 2012
July 29, 2013
July 29--SPRINGFIELD -- Hotel occupancy rates in Springfield continue to rise, and the new statistics are giving officials the confidence to say that local tourism has undeniably rebounded. Tourism already accounts for $326 million annually in Clark County, and that figure likely will rise with a new report showing that Springfield's hotel occupancy rate is up 6.6 percent from this time last year. "We had known our hotel occupancies were trending up. We've been saying anecdotally that tourism has rebounded," said Christopher Schutte, director of the Greater Springfield Convention and Visitors Bureau. The latest data from Smith Travel Re
Caesars Entertainment Takes Second-Quarter Loss, but CEO Touts “A Number Of Key Milestones” Reached
July 29, 2013
July 29--Las Vegas-based Caesars Entertainment, which operates nine resorts in Las Vegas and a diversified portfolio of properties worldwide, reported its second-quarter earnings Monday. Company: Caesars Entertainment Corp. (NASDAQ: CZR) Revenue: $2.16 billion (down 0.3 percent from the second quarter of 2012). A 7.5 percent decline in casino revenue was partially offset by increases in non-casino revenue. The most significant decline was in Atlantic City as a result of competitive pressures. Earnings: A loss of $212.2 million (an improvement of 12.2 percent from the second quarter of 2012). Losses narrowed as a result of shedding debt