Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
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MGM MIRAGE's CityCenter Estimated Net Cost of CityCenter Now at $4.7 billion Versus Earlier Eestimate of $4.3 billion; Project Size Increases by
February 28, 2007
Hotel Online News for the Hospitality Executive MGM MIRAGE's CityCenter Estimated net Cost of CityCenter Now at $4.7 billion Versus Earlier Eestimate of $4.3 billion - Project Size Increases by 670,000 Square Feet, Residential Sales Exceed $800 Million to Date LAS VEGAS, April 20, 2007 - MGM MIRAGE (NYSE: MGM) today provided updated information on its CityCenter cost estimates and the progress of the residential sales efforts. CityCenter Program and Cost Estimates Construction of all components of CityCenter is well underway. The components of CityCenter remain unchanged while the gross construction square footage ha...
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February 28, 2007
Hotel Online Special Report Whats Behind Chinas Sizzling Spa Culture? by Bernard Burt, April 2007 Sparked by plans for the 2008 Summer Olympic Games in Beijing, new hotels and resorts in the Peoples Republic of China sport spas that blend traditions of East and West. Traditional Chinese medicine is on many spa services menus alongside yoga and marine therapy. Entrepreneurs like Yue-Sai Kan, states ForbesLife magazine, capitalized on Chinese consumer demand for the good life. In a country where an estimated one-fifth of all entrepreneurs are female, the self-made Yue-Sai Kan created a cosmetics line for Asian...
Horwath Executive to Share Latest Outlook on Hotel Performance, Profitabilty in China; Leo Yen, Director of Horwath HTL Asia Pacific, will focus on Ch
February 28, 2007
Hotel Online News for the Hospitality Executive Horwath Executive to Share Latest Outlook on Hotel Performance, Profitabilty in China Leo Yen, Director of Horwath HTL Asia Pacific, will focus on Chinas development potential in address at Hong Kong Polytechnic Universitys first-ever U.S. event . NEW YORK APRIL 3, 2007Leo Yen, Director of Horwath HTL Asia Pacific, a veteran industry consultant and an acknowledged expert on the hotel and tourism market in the Asia region, will share his expertise as a featured speaker at the Seminar on China Hotel & Tourism Development, to be held at New Yorks Le Parker Meridien ...
Registration Deadline Nears for Day-long Seminar on China Hotel, Tourism Development; Hong Kong Polytechnic University Sponsored Seminar Focuses on Gr
February 28, 2007
Hotel Online News for the Hospitality Executive Registration Deadline Nears for Day-long Seminar on China Hotel, Tourism Development . Hong Kong Polytechnic University Sponsored Seminar Focuses on Growing China Tourism Market NEW YORK APRIL 6, 2007Officials of The Hong Kong Polytechnic Universitys Seminar on China Hotel & Tourism Development, to be held at New Yorks Le Parker Meridien April 27, say registration for the important educational event is about to close. This is the first time that the Seminar on China Hotel & Tourism Development is being held in the United States. The event is co-sponsored by The Hon...
China-based Lodging Executive to Speak on Increasing Need for Foreign Investment; Jinling Hotels President Frank Hou will present views on growing dev
February 28, 2007
Hotel Online News for the Hospitality Executive China-based Lodging Executive to Speak on Increasing Need for Foreign Investment Jinling Hotels President Frank Hou will present views on growing development opportunities at Hong Kong Polytechnic University-sponsored seminar . NEW YORK APRIL 6, 2007 Frank Hou, President of Jinling Hotels Management Co. Ltd., Nanking, China, will present his insights on the rapidly growing China lodging market as one of the featured speakers at the Seminar on China Hotel & Tourism Development, to be held at New Yorks Le Parker Meridien April 27. A first-time U.S.-held event, the Se...
Tourism in China: 21st Century Version of the California Gold Rush / Kaye Chon, Ph.D., CHE Chair Professor and Director of the School of Hotel and Tou
February 28, 2007
Hotel Online News for the Hospitality Executive Tourism in China: 21st Century Version of the California Gold Rush By Kaye Chon, Ph.D., CHE , Chair Professor and Director of the School of Hotel and Tourism Management, Hong Kong Polytechnic University April 9, 2007 - When the United Nations World Tourism Organization released a report in 1999 that China would emerge as the worlds No. 1 tourist destination by 2020, and that upwards of 130 million people would be visiting that country every year, the international hotel and tourism industry could almost be seen scratching its collective head and saying, This cant possibly ...
Debate on Central Oregon Destination Resorts Get Mixed Reviews; Jobs, Taxes vs Water Usage and Fragmentation of Winter Range Habitat / April 2007...
February 28, 2007
Hotel Online News for the Hospitality Executive By Anna Sowa, The Bulletin, Bend, Ore.McClatchy-Tribune Business News Apr. 16, 2007 - Twenty to 30 years ago, destination resorts were few and far between in Central Oregon -- a time when economic development officials say the expensive projects lost money. Now, the major developments are hard to miss in the tri-county region, where five of the state's eight resorts exist. With more resort communities expected to spread over the sagebrush and juniper landscape, critics say the resorts diminish the area's environment and ...
Carmel Valley Ranch Completes Multi-million Dollar Renovation and Restoration of its Signature Championship Golf Course; Original Pete Dye Design Rema
February 28, 2007
Hotel Online News for the Hospitality Executive Carmel Valley Ranch Completes Multi-million Dollar Renovation and Restoration of its Signature Championship Golf Course; Original Pete Dye Design Remains Intact CARMEL, Calif. April 17, 2007 Carmel Valley Ranch (www.CarmelValleyRanch.com) will re-open its signature championship golf course in May 2007, after a multi-million dollar renovation and restoration. The Pete-Dye-designed course will offer an elevated quality of play with an enhanced course design and newly renovated club facilities. The completion of the golf course and clubhouse marks the initial phase of Carme...
Cape Town prepares for the World Cup; Hotel Market Not Just Reliant on the Existing Operators/ Patrick Goff / April 2007...
February 28, 2007
Hotel Online News for the Hospitality Executive Cape Town prepares for the World Cup; Hotel Market Not Just Reliant on the Existing Operators By Patrick Goff, April 23, 2007 Rather like the UK, the preparations for the World Cup in Cape Town are being marked by bickering, protest and court cases. The building of a new stadium is the major cause of debate, but also causing problems are the demands of FIFA for the booking of rooms by organised parties of fans, and by the need for suitable accommodation for the millionaires that make up football teams these days. The World Cup is seen by the UN World Tourist Organisation as an o...
Kor Hotel Group Selling Campton Place Hotel in San Francisco to Taj Hotels Resorts and Palaces for $58 million; Secures Significant Profit Following E
February 28, 2007
Hotel Online Special Report Kor Hotel Group Selling Campton Place Hotel in San Francisco to Taj Hotels Resorts and Palaces for $58 million . Secures Significant Profit Following Eighteen-Month Ownership SAN FRANCISCO - April 5, 2007 - Kor Hotel Group, the Los Angeles-based hotel operator known for its upscale properties in prime destinations, announces that it has entered into an agreement with India-based Taj Hotels Resorts and Palaces for the impending sale of Campton Place Hotel in San Francisco. Purchased by Kor eighteen months ago for $44 million as an ideal entry into San Franciscos desirable but diffic...
The Blighted Camelot Hotel in Tulsa to be Demolished; Built in the 1960s to Resemble a Castle, Complete with a Moat and Drawbridge / April 2007...
February 28, 2007
Hotel Online News for the Hospitality Executive By P.J. Lassek, Tulsa World, Okla.McClatchy-Tribune Business News Apr. 11, 2007 - Loan in works to fund demolition The Tulsa Industrial Authority is to vote Wednesday on a loan that would finance the demolition of the blighted Camelot Hotel, a project that is estimated to cost about $1 million. Mayor Kathy Taylor announced the plan Tuesday during a speech at the Tulsa Press Club. "Many have worked on this, but there has been one tireless leader who has said we must make this a priority, and that is City Co...
Wine Tasting Conducted on a Cache of 24 California Cabernet Sauvignons Vintage 1980 / April 2007...
February 28, 2007
Hotel Online News for the Hospitality Executive By Mike Dunne, The Sacramento Bee, Calif.McClatchy-Tribune Business News Apr. 4, 2007 - Though most wine made today is to be consumed relatively young, say within a few years of its release, virtually every wine enthusiast squirrels away at least a dozen or so bottles for long-term aging. Perhaps the wines are being saved to commemorate a special occasion, perhaps to relive an especially fond memory, perhaps just to see how they develop. Did they evolve into a truly profound statement of personality, grape or place, or d...
Choice Hotels Names Caroline Racine Director, Caribbean Franchise Development / April 2007...
February 28, 2007
Hotel Online News for the Hospitality Executive Choice Hotels Names Caroline Racine Director, Caribbean Franchise Development SILVER SPRING, Md., April 3, 2007 - Worldwide lodging franchisor Choice Hotels International (NYSE: CHH) today announced that it has named Caroline Racine to the position of director, Caribbean franchise development. In her new role, Caroline will be responsible for increasing the brand awareness and distribution of Choice's 10 brands throughout the Caribbean via conversion and new construction opportunities. Her appointment follows Choice's signing of a three-year strategic alliance partnership wi...
HFTP's 250 Question Certified Hospitality Technology Professional (CHTP) Examination Now Offered Online / April 2007...
February 28, 2007
Hotel Online Special Report HFTP's 250 Question Certified Hospitality Technology Professional (CHTP) Examination Now Offered Online AUSTIN, TEXAS (April 17, 2007) - Hospitality Financial and Technology Professionals (HFTP), along with the Educational Institute (EI) of the American Hotel & Lodging Association (AH&LA), announced today that the Certified Hospitality Technology Professional (CHTP) examination will be available online starting April 21. The exam for the Certified Hospitality Accountant Executive (CHAE) will be available online soon. "This is an important and exciting time for HFTP and the CHTP designa...
The California Hotel & Lodging Association and the Asian American Hotel Owners Association Co-Producing Joint Conference In Anaheim, California / Apri
February 28, 2007
Hotel Online Special Report SACRAMENTO, Calif. - April 16, 2007 - The California Hotel & Lodging Association (CH&LA) and the Asian American Hotel Owners Association (AAHOA) announced that the two organizations will jointly produce the Southern California Hotel & Lodging Conference, held this year in Anaheim at the Anaheim Convention Center on Thursday, May 31, 2007. The conference will include both educational seminars and a trade show focused on the California lodging industry professional. This inaugural conference will include seminars on lodging law and internet marketing and distribution, as well as a lunch presentation...
Choice Hotels Reports First Quarter 2007 Net Income of $16.3 million, Down 8% from Previous Year; Brand Operating Statistics / April 2007...
February 28, 2007
Hotel Online Special Report Choice Hotels Reports First Quarter 2007 Net Income of $16.3 million, Down 8% from Previous Year Brand Operating Statistics SILVER SPRING, Md., April 25, 2007 - Choice Hotels International, Inc., (NYSE: CHH) today reported the following highlights for the first quarter 2007: -- Diluted earnings per share ("EPS") for first quarter 2007 were $0.24 compared to $0.26 in the same period of the prior year. Operating income for first quarter 2007 was $27.4 million compared to $30.1 million for first quarter 2006. First quarter...
Shareholder Class Action Filed Against Choice Hotels International, Inc.; Complaint alleges Choice Issued Materially False and Misleading Statements C
February 28, 2007
Hotel Online Special Report Shareholder Class Action Filed Against Choice Hotels International, Inc. > Complaint alleges Choice Issued Materially False and Misleading Statements Concerning its Business, Operations and Prospects RADNOR, Pa., April 23, 2007 - The following statement was issued today by the law firm of Schiffrin Barroway Topaz & Kessler, LLP: Notice is hereby given that a class action lawsuit was filed in the United States District Court for the District of Colorado on behalf of all common stock purchasers of Choice Hotels International, Inc. (NYSE:CHH) ("Choice Hotels" or the "Company") from April 25, ...
Hotel-Online and BuildCentral Add/Update 96 Hotel Projects to the New Hotel Construction Projects Database / April 2007...
February 28, 2007
Hotel Online Special Report Hotel-Online and BuildCentral Add/Update 96 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. April 30, 2007 - Hotel-Online and BuildCentral have added or updated 96 hotel projects in the last three weeks to the New Hotel Construction Projects database. Notable projects entered in the last two weeks include: Wilderness Hotel, Sevierville TN Microtel Inn & Suites, Jacksonville FL Holiday Inn Hotel/Suites & Water Park, Omaha NE McSam Hotel, New York NY 1421 Arch Street Hotel Conversion, Philadelphia PA Swissotel Expansion, Chicago I...
Hotel-Online and BuildCentral Add/Update 44 Hotel Projects to the New Hotel Construction Projects Database / April 2007...
February 28, 2007
Hotel Online Special Report Hotel-Online and BuildCentral Add/Update 44 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. April 16, 2007 - Hotel-Online and BuildCentral have added or updated 44 hotel projects in the last three weeks to the New Hotel Construction Projects database. Notable projects entered in the last two weeks include: Element Hotel, Irving TX Hilton Garden Inn, Indianapolis IN Hampton Inn, Scottsboro AL Margaritas Restaurant and Hotel, Dover NH Courtyard by Marriott, Hamilton OH Fairfield Inn, Crystal Lake IL New Hotel, Palo Alto CA ...
Hotel-Online and BuildCentral Add/Update 81 Hotel Projects to the New Hotel Construction Projects Database / April 2007...
February 28, 2007
Hotel Online Special Report Hotel-Online and BuildCentral Add/Update 81 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. April 2, 2007 - Hotel-Online and BuildCentral have added or updated 81 hotel projects in the last three weeks to the New Hotel Construction Projects database. Notable projects entered in the last two weeks include: Exhibition Center and Hotel, Tucson AZ Wingate Inn Renovation, Irving TX Homewood Suites Hotel, Fort Smith AR Indian Casino Resort, Fresno CA W Hotel New York-Downtown Hotel & Residences, New York NY Hilton Garden Inn, Philadelph...
Hotels Accepting Pets Get a Boost with BringyourPet.com Partnership / April 2007...
February 28, 2007
Hotel Online Special Report Hotels Accepting Pets Get a Boost with BringyourPet.com Partnership Knoxville, TN April 24, 2007 - BringYourPet.com, a leading online hotel directory for pet-friendly hotel and travel lodging, has teamed with Dog Friendly Directory (www.DogFriendlyDirectory.com) in an effort to expand marketing reach for its advertisers. Company spokesperson Brian Bailey states, Our Partnership with DogFriendlyDirectory.com helps our advertisers reach travelers looking specifically for hotels that accept dogs. This is a win/win situation for our advertisers and traveling pet owners. With an estimated ...
A Brand Devalued – No Longer a Memorable Experience; Rather, Just a Very Expensive Cup of Java / April 2007...
February 28, 2007
Hotel Online Special Report A Brand Devalued - No Longer a Memorable Experience; Rather, Just a Very Expensive Cup of Java By J. Ragsdale Hendrie, April 2007 Id like a supremo, non-lactoid, Malaysian caressed Juggernaut, stirred, not shaken, with colored Jimmies, please. What a journey the darling of retail has undertaken. Throw in a Sir Elton, Mick or Paul and the party thrown by those irascible colonists in Boston Harbor would have taken a distinct historical turn. You know the reference, but for protection, we shall call them Moondoes, the charming coffee maven of note. They are everywhere, but...
Four Boston Hotels Managed by Starwood Reach Labor Union Agreement; 6 Year Contract Provides a Combined 38% Increase in Wage, Health Benefits, and P
February 28, 2007
Hotel Online News for the Hospitality Executive By Robert Weisman, The Boston GlobeMcClatchy-Tribune Business News Apr. 25--More than a year after negotiations began, four Boston hotels managed by New York-based Starwood Hotels yesterday reached an agreement with the labor union representing about 5,000 hotel workers in the Boston area. While the proposed 6 1/4-year contract covers wage and benefit increases only for the Sheraton Boston, the Park Plaza, and two Westin hotels in the city, it is expected to set the stage for new pacts at 15 other unionized hotels, inclu...
GEM Realty Capital Along with Other Equity Partners Begin Construction on the 1,000-room Hilton and the 498-room Waldorf=Astoria at the Bonnet Creek M
February 28, 2007
Hotel Online Special Report GEM Realty Capital Along with Other Equity Partners Begin Construction on the 1,000-room Hilton and the 498-room Waldorf=Astoria at the Bonnet Creek Mixed Use Resort Development Adjacent to the Walt Disney World Resort BONNET CREEK, Fla. - Hilton Hotels Corporation (NYSE:HLT) announced today the groundbreaking of The Waldorf=Astoria® at Bonnet Creek and the Hilton Bonnet Creek Hotel, part of a resort development adjacent to the Walt Disney World® Resort. GEM Realty Capital, Inc., with Merrill Lynch Global Principal Investments and another private investment company, will partner with Bonnet...
