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The Brandon Agency Releases Comprehensive Study on How Consumers Research and Book Accommodations
The Brandon Agency | November 1, 2013
Myrtle Beach, S.C.The paper has five main focus areas with an emphasis on online hotel marketing, including: Hotel planning and booking behavior How travelers use online travel agencies (OTAs) Social media's influence on hotel booking decisions The importance of online reviews in choosing a hotel Why content matters in the decision process The paper is the result of a comprehensive research study conducted by the agency involving leisure travelers who take at least 1.5 leisure vacations per year. Of those surveyed, 2,207 travelers responded. These results, combined with the results of other third-party studies, produced the 'Hote...
Chatham Lodging Acquires 231-room Residence Inn in Downtown Bellevue, Washington for $71.8 Million
Chatham Lodging Trust | November 1, 2013
PALM BEACH, Fla., November 1, 2013 - Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium branded, select-service hotels, today announced that it has acquired the 231-room Residence Inn by Marriott Seattle Bellevue/Downtown for a net cash purchase price of $71.8 million, plus customary, pro-rated amounts and closing costs. The purchase price represents a forward twelve month capitalization rate of approximately 7.8 percent on the hotel's projected net operating income. Year to date through September 30, 2013, RevPAR at the Bellevue hotel is up 1...
Culinary Union Members, Along with President of Unite Here, Provoke Arrests by Entering Cosmopolitan
JW Marriott Hotels & Resorts | October 31, 2013
Nov. 01--More than 2,000 Culinary Union members converged on the Cosmopolitan this afternoon, blocking three lanes of Las Vegas Boulevard, waving pickets and chanting, "We don't get no contracts, we don't get no peace." As part of a union plan to compel Metro Police to arrest them, dozens of Culinary members entered the property about 5:40 p.m. and sat beneath the chandeliers just inside the casino entrance. Minutes later, officers flooded into the casino. One officer warned protesters via megaphone that they were breaking Nevada law by trespassing. "I am now commanding you to disperse immediately," the officer said, reading from a scri...
A Recap of NYC Hotel Forum – New York City Hotel Development: Construction, Financing & 2014 Outlook
Citrin Cooperman | October 31, 2013
The New York City Hotel Forum, held on October 22, 2013 brought together influential leaders in the hospitality industry to discuss opportunities and challenges in the hotel and lodging sectors today. The conference provided attendees the chance to network, gauge trends, and take away valuable advice from hospitality experts. Leading hospitality executives, investors, and developers participated in energetic discussions on diverse and timely industry topics such as development, the economy, finance, forecasts, transactions, and more. The conference was attended by key players in the hospitality industry, including: Investors; Owners; Le...
Extended Stay America Launches Initial Public Offering
Extended Stay America | October 31, 2013
CHARLOTTE, N.C. - October 31, 2013 - Extended Stay America, Inc. (the "Company") and ESH Hospitality, Inc. ("ESH REIT") today announced that they have commenced an initial public offering of 28,250,000 paired shares, consisting of Common Stock of Extended Stay America, Inc., and Class B Common Stock of ESH Hospitality, Inc., which are attached and trade together as a Share. The Company and ESH REIT expect to grant the underwriters a 30-day option to purchase up to an additional 4,237,500 Shares. The initial public offering price is currently expected to be between $18.00 and $21.00 per Share. The Shares have been approved for listing on...
FelCor Reports Q3 2013 Net Loss of $6.4M Comapred to $27.8M Prior Year; Comparable RevPAR Up 7.1%
FelCor | October 31, 2013
October 31, 2013 08:00 AM Eastern Daylight Time IRVING, Texas--FelCor Lodging Trust Incorporated (NYSE: FCH), today reported operating results for the quarter ended September 30, 2013. To view full press release and tables please visit: http://phx.corporate-ir.net/phoenix.zhtml?c=118512&p=quarterlyEarnings Highlights Adjusted FFO per share improved 75% to $0.14. Total hotel revenue for 52 comparable hotels (Same-store hotels excluding eight recently rebranded Wyndham hotels) increased 7.5% to $204.6 million. RevPAR for 52 comparable hotels increased 7.1%. Adjusted EBITDA increased by $1.6 million to $54.8 million, and Same-stor...
The 157-room Hampton by Hilton Volgograd Profsoyuznaya Opens in the South East of Russia
Hilton Worldwide | October 31, 2013
VOLGORAD, Russia and MCLEAN, Va. - October 31, 2013 - Hampton by Hilton, Hilton Worldwide's global brand of more than 1,900 mid-priced hotels today announced the opening of Hampton by Hilton Volgograd Profsoyuznaya in the South East of Russia. The hotel is the economy brand's latest hotel in Europe and second in Russia, following the recent opening of Hampton by Hilton Voronezh. With 157 guestrooms across eight floors, Hampton by Hilton Volgograd Profsoyuznaya offers signature features including the Clean and Fresh Hampton Bed, complimentary internet access, hot breakfast included in the room rate, and on-site fitness centre; as well as...
MGM Resorts Reports Q3 2013 Results: Net Revenue Rose 9% to $2.5B; RevPAR up 3% at Las Vegas Resorts
MGM Resorts International | October 31, 2013
Consolidated net revenue increases 9% year over year; 24% growth in Adjusted Property EBITDA driven by strength in Macau and Las Vegas Click here to view full press release and tables: http://mgmresorts.investorroom.com/2013-10-31-MGM-Resorts-International-Reports-Third-Quarter-Results LAS VEGAS, Oct. 31, 2013-- MGM Resorts International (NYSE: MGM) today reported financial results for the quarter ended September 30, 2013. Loss per share improved to ($0.07) compared to ($0.37) in the third quarter of 2012. Comparability of the current and prior year consolidated results was affected by certain items discussed below. "I am pleased to rep...
Sheraton Bloomington Opens Near Minneapolis-St. Paul Airport Completing Renovation of Former Sofitel
Starwood Hotels & Resorts Worldwide, Inc. | October 31, 2013
Owned by WB Hotel Partners & Managed by Wischermann Partners STAMFORD, Conn. - October 31, 2013 - Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced its world-renowned Sheraton brand has expanded its footprint in greater Minneapolis with a strategic conversion in Bloomington, Minnesota. Sheraton Bloomington opened today, just five miles from the Minneapolis-St. Paul International Airport (MSP). Owned by WB Hotel Partners, LLC, and managed by Wischermann Partners, Inc., the former Sofitel hotel has begun a comprehensive $8 million renovation to transform the property into a modern upper upscale hotel with all of...
Marriott Reports Q3 2013 Net Income of $160M, a 12% Increase Over Prior Year; RevPAR up 4.8%
Marriott International, Inc. | October 31, 2013
THIRD QUARTER HIGHLIGHTS • Third quarter diluted EPS totaled $0.52, an 18 percent increase over prior year results; • North American comparable company-operated REVPAR rose 5.5 percent in the third quarter with average daily rate up 4.4 percent; • On a constant dollar basis, worldwide comparable systemwide REVPAR rose 4.8 percent in the third quarter, including a 3.4 percent increase in average daily rate. Worldwide occupancy reached nearly 75 percent in the quarter, the highest in the last six years; • At the end of the third quarter, the company's worldwide pipeline of hotels under signed contracts increased to over 144,000 ro...
Ritz-Carlton Debuts in India with Opening of The 277-room Ritz-Carlton, Bangalore
The Ritz-Carlton Hotel Company, L.L.C. | October 31, 2013
Bangalore, October 31, 2013 – The Ritz-Carlton Hotel Company, L.L.C., has officially opened the doors of its first luxury hotel in India. Located on Residency Road in the heart of downtown Bangalore, the hotel is part of a destination renowned for its world-class shopping, dining and entertainment. The Ritz-Carlton, Bangalore guestroomBangalore is India's third largest city and best known as the Silicon Valley of India, featuring areas like Electronic City, though vast expanses of lush greenery have also earned it the name of The Garden City. Bangalore is home to 400 of the Top Fortune 500 companies and is the fastest growing major me...
The 200-key BEST WESTERN PREMIER Havana Nha Trang Opens on the Coast of Vietnam
BEST WESTERN INTERNATIONAL, INC. | October 31, 2013
(Bangkok – October 31, 2013): Best Western International (BWI) continues its fast-paced expansion in Southeast Asia with the opening of a new landmark property on the coast of Vietnam - BEST WESTERN PREMIER Havana Nha Trang. Set on the shore of Nha Trang, Vietnam's leading beach resort and one of Southeast Asia's fastest-growing tourism destinations, the new luxury resort will cater to the rising number of domestic and international tourists seeking sun, sea and sand on Vietnam's tropical shores. Centrally located on the city's Tran Phu Street and overlooking Nha Trang Bay, the 41-story BEST WESTERN PREMIER Havana Nha Trang hotel offe...
92% of Timeshare Resorts Achieve Measurable Results from “Mystery Shopping”
Barker & Associates | October 31, 2013
Portland, OR - November 1, 2013-- According to a five-year analysis of aggregated data by Barker & Associates, a timeshare industry leader in mystery shopping services, mystery shopping reports have exposed ways to measurably improve resort performance 92% of the time. The analysis confirmed that cost savings, increased efficiencies, and higher closing rates have been realized from sales and operations, exclusively through the unique process of mystery shopping. Specific improvement opportunities varied by resort; 94% of those who shopped the sales process uncovered cost savings and profit-increasing areas such tightening discovery,...
ThistleDown Racino Implements InvoTech Systems to Protect Investment in 10,000 Designer Uniforms
InvoTech Systems | October 31, 2013
At IHM&RS Visit InvoTech in Booth # 3120 with T-Y Group November 9 – 12, Jacob K. Javits Center, NYC ThistleDown Racetrack Reopens as ThistleDown Racino by Caesars Entertainment; InvoTech Tracks New Staff Uniforms for Upscale Racino LOS ANGELES, CA - October 31, 2013 - InvoTech Systems, Inc., a leading provider of systems that integrate the latest RFID technology to increase profitability for hotels, casinos, and commercial laundry operators, announced ThistleDown Racino implemented its Uniform System to track uniforms for its 900 team members. ThistleDown Racetrack recently reopened as a Racino (racetrack-casino) operated by Caes...
PolyU’s Doctoral Program in Hotel and Tourism Generates Research and Prepares Students
School of Hotel and Tourism Management | October 31, 2013
October 31, 2013 - The School of Hotel and Tourism Management (SHTM) at The Hong Kong Polytechnic University is preparing students for leadership positions in their chosen careers by offering the cutting-edge Doctor of Philosophy (Ph.D.) in Hotel and Tourism Management programme and the world's first professional Doctor of Hotel and Tourism Management (D.HTM) degree. "The hallmark of a world-leading doctoral programme is not only the research it generates but also the extent to which it provides graduates with outstanding career opportunities," said Professor Kaye Chon, Dean and Chair Professor of the SHTM. With the focus of global tour...
Ashley Spurlock Named Spa Director for Spa Evangeline at Epicurean Hotel to Open in Dec. in Florida
Mainsail Lodging & Development | October 31, 2013
TAMPA, Fla. (Oct. 31, 2013) - The Epicurean Hotel has announced the appointment of Ashley Spurlock as the Spa Director of Spa Evangeline, located inside the 137-room boutique Epicurean Hotel scheduled to open in December. As Spa Director, Spurlock will oversee day-to-day operations, including staff management, client appointments, promotions and spa product lines. Named for Evangeline, the iconic statue located in the neighboring Bern's Steak House, the 2,800-square-foot spa features five treatment rooms, including two couple's treatment rooms, a relaxation room and manicure and pedicure stations. Prior to joining Spa Evangeline, Spurlo...
Bloomberg TV Presents “C-Suite with Jeffrey Hayzlett”: Profiles MGM Resorts with CEO Jim Murren
October 31, 2013
"C-Suite with Jeffrey Hayzlett" Airs Tuesdays At 9:30 PM ET/PT In this featured clip Bloomberg Television's "C-Suite with Jeffrey Hayzlett," an original prime time series that features an inside look at companies that are shaping the global business landscape, profiles the business of MGM Resorts International. Host Jeffrey Hayzlett goes inside the $15 billion Las Vegas-based company to discover more about its focus on sustainability. Hayzlett spends time with MGM CEO Jim Murren, who explains what pushed MGM to go green and why it's an integral part of the company culture and its overall bottom line. Hayzlett also visits with Cindy Orte...
The 166-room Newly-Built Novotel Phuket Kamala Beach Resort Opens in Thailand
Novotel | October 31, 2013
October 31, 2013 - Travellers to Phuket Island now have an exciting new choice of accommodation with the opening of Novotel Phuket Kamala Beach Resort, a newly-built beachfront resort located on idyllic Kamala Beach on the island's western coast. The opening of the resort marks the 100th Asia Pacific property for Novotel - the world's leading midscale hospitality brand. "We are very excited that Novotel Phuket Kamala Beach Resort has opened as our 100th Novotel in Asia Pacific," said Michael Issenberg, Chairman and Chief Operating Officer of Accor Asia Pacific. "Since launching our first Novotel in Asia Pacific in Singapore in 1982, the...
Valencia Group to Open Hotel Sorella Country Club Plaza Next Week in Kansas City, Missouri
Valencia Group | October 31, 2013
KANSAS CITY, Mo. (Oct. 31, 2013) - Kansas Citians and out-of-town visitors will soon experience an oasis for the refined at heart, as the newest jewel of the city opens its doors. Hotel Sorella Country Club Plaza makes its Kansas City debut, opening to the public Wednesday, Nov. 6. Tucked amid the ornate fountains and elegant courtyards of Kansas City's premier shopping district, Hotel Sorella Country Club Plaza is sure to be something special for visitors. With a Mediterranean inspiration and chic, modern design, the hotel pays homage to the Spanish Seville influence of the Country Club Plaza. Hotel Sorella Country Club Plaza is the pe...
$35 Million Expansion & Renovation Launched at The Westin St. John Resort & Villas on St. John, USVI
Westin Hotels & Resorts | October 31, 2013
Orlando, Fla. (Oct. 31, 2013) - Starwood Vacation Ownership, a division of Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT), and The Westin St. John Resort & Villas on St. John, USVI, today announced a $35 million renovation project including the launch of luxury Coral Vista Villas and enhancements to the resort's guestrooms, dining facilities, meetings space, pool area and more. "The Westin St. John Resort & Villas is one of the most successful resorts in the Caribbean. As the resort and the on-site vacation ownership continue to play a pivotal role in St John's expansive tourism market, we are thrilled to enhance our ...
Grace Hotels Acquires Historic La Margna Hotel, St. Moritz, Switzerland; Plans Extensive Renovation
Grace Hotels | October 31, 2013
NEW YORK, Oct. 31, 2013 -- Grace Hotels, the privately owned luxury hotel group, has acquired the historic La Margna hotel in the heart of St. Moritz, Switzerland. During 2014 the company will undertake an extensive programme of renovation and transformation to create Grace St. Moritz – a luxury hotel, and Grace St. Moritz Residences – serviced residences built and maintained to the high standards of luxury that have won Grace Hotels global critical acclaim. La Margna, built in 1906, is one of the landmark hotel buildings in St. Moritz which remains one of the world's most glamorous summer and winter destinations as well as being a ...
Ultima Hospitality Acquires the Westin and the Aloft San Francisco Airport Hotels for $125 Million
Ultima Hospitality | October 31, 2013
CHICAGO, Ill. (October 31, 2013) - Ultima Hospitality, an industry-leading investment and hotel management company, announces the purchase, planned improvement and management of the 397-room Westin San Francisco Airport and the 252-room Aloft San Francisco Airport for $125 million. Previously owned by Starwood Hotels & Resorts, the two hotels will move to a franchised structure under Ultima Hospitality. The Westin will undergo various capital improvements, including extensive upgrades and renovations of the guestrooms, meeting space, public space and lobby, as well as further capital infusion into the building, mechanicals and exter...
Flip.to Lands Hospitality Maverick to Lead European Sales
Flip.to | October 30, 2013
Orlando — October 31, 2013 — Flip.to, the brand advocate platform that helps hotels turn their guests into advocates, recently hired well-known hospitality sales executive, Alfredo Moreno de la Santa, to lead their European sales efforts. Moreno de la Santa has extensive knowledge of the European market. In his prior role, he helped establish EZ Yield as one of the premier channel management platforms in Europe. He led the sales efforts in Southern Europe and was instrumental in expanding their customer base. "The first time I saw Flip.to I was amazed at its simplicity. It uses the natural inclination of a hotels' customers to be so...
Old Kinderhook Announces New Lodge & Conference Center at Lake of the Ozarks, MO
Old Kinderhook | October 30, 2013
Old Kinderhook Announces New Lodge and Conference Center Old Kinderhook, the Lake of the Ozarks' premiere golf and lake resort, unveils The Lodge at Old Kinderhook, a new 84-room lodge and conference center. "The lodge completes the destination resort experience at Old Kinderhook. For nearly 15 years, Old Kinderhook has built a reputation for exceptional golf, outstanding dining venues, marina facilities and lake living the way it's meant to be. With the addition of 84 guest rooms, a state of the art conference center and new amenities, we will better serve the 25,000 people that visit Old Kinderhook each year and welcome new guests," s...
