Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
Helping Hotel Owners Strike a Fair Deal: 5 Milestones Marking The Road To Success For Hotel Management Agreements / Jim Butler and Robert Braun / Marc
January 30, 2007
Hotel Online News for the Hospitality Executive Helping Hotel Owners Strike a Fair Deal . 5 Milestones Marking The Road To Success For Hotel Management Agreements by Jim Butler and Robert Braun March 19, 2007 In order to consummate any substantial business transaction, there are inevitably some challenges to overcome. Hotel management agreements are no exception: in part because of their complexity, and in part because hotel management agreements typically transfer effective control over valuable assets for several decades, and their terms can easily enhance or diminish the value of hotel by a staggering amount. W...
Softbrand's Medallion Property Management System Endorsed by Best Western International / March 2007...
January 30, 2007
Hotel Online Special Report Softbrand's Medallion Property Management System Endorsed by Best Western International MINNEAPOLIS March 26, 2007 SoftBrands Inc. (AMEX: SBN), a global supplier of enterprise application software, today announced the endorsement of SoftBrands Medallion property management system (PMS) as a result of the successful certification of the Medallion Best Western Two-Way Interface. As an endorsed property management system, Medallion is approved by Best Western International for potential selection in more than 2,400 North American hotels. The Two-Way PMS to CRS interface will make it pos...
Newmarket® International's Vice President of Product Development to Present at HTNG 2007; Shawn McGowan to participate in thought leadership
January 30, 2007
Hotel Online Special Report Newmarket® Internationals Vice President of Product Development to Present at HTNG 2007 . Shawn McGowan to participate in thought leadership program addressing the successes and challenges of service-oriented architecture Portsmouth, NH - March 5, 2007 Newmarket International, Inc., the leader in sales and catering solutions for the hospitality industry, today announced that Shawn McGowan, Vice President of Product Development, will be speaking at the upcoming Hotel Technology Next Generation 2007 Members Meeting & Conference (HTNG) in Atlanta, Georgia. Mr. McGowan will be spea...
Mazili Hotel Group closes the Safar Inn Palm Bay, Florida / March 2007...
January 30, 2007
Hotel Online News for the Hospitality Executive Mazili Hotel Group Closes the Safar Inn Palm Bay, Florida March 28, 2007 - Mazili Hotel Group, a Hotel Brokerage Investment Company, advised Okeechobee Hotel Holdings, LLC. in the sale of the Safar Inn located in Palm Bay, Florida to Nikita Hotels, INC. from Jacksonville, Florida. The asset was sold at 10% CAP and Price/Room of $36,303. Julian Mazili represented the seller in this transaction. Safar Hotels is a new franchise operating in Florida with 10 properties. Mazili Hotel Group provides a range of services including brokerage, advisory, consultation, budget analysis and p...
Ohio Health Officials Investigate Ailments of Water Park Visitors at Great Wolf Lodge in Mason, Ohio / March 2007...
January 30, 2007
Hotel Online News for the Hospitality Executive By Tom Daykin, Milwaukee Journal SentinelMcClatchy-Tribune Business News Mar. 10, 2007 - Public health officials in Ohio are investigating complaints of burning eyes, coughing and other symptoms experienced by people who've visited a water park resort operated by Madison-based Great Wolf Resorts Inc. The Warren County Health Department has received complaints from around 80 families who've patronized the Great Wolf Lodge, in Mason, Ohio, since it opened in December, said Dave Collins, the department's environmental healt...
Sunstone Hotel Investors, Inc. Acquires the 402-room Boston Marriott Long Wharf Hotel for $228.2 million or $568,000 per room / March 2007...
January 30, 2007
Hotel Online Special Report Sunstone Hotel Investors, Inc. Acquires the 402-room Boston Marriott Long Wharf Hotel for $228.2 million or $568,000 per room SAN CLEMENTE, Calif., March 23, 2007 - Sunstone Hotel Investors, Inc. (NYSE: SHO) today announced it has completed the acquisition of the 402-room Boston Marriott Long Wharf Hotel located on the Boston Harbor Waterfront for $228.2 million or approximately $568,000 per room. Based upon the hotel's current forecasts, the purchase price equates to approximately 13.8x 2007 EBITDA and 12.7x 2008 EBITDA (reconciliation to net income below). Concurrent with the close ...
Marriott Hotels & Resorts Develops Advertising Campaign to Show Consumers How New Guest Room Technology Works / March 2007...
January 30, 2007
Hotel Online Special Report Marriott Hotels & Resorts Develops Advertising Campaign to Show Consumers How New Guest Room Technology Works Advertising Campaign Promotes Installation of LCD Televisions and the Digital Plug-in Panel Washington, D.C. March 28, 2007 Imagine having the power to turn your guest room into your own personal digital command center for work and relaxation? At Marriott Hotels & Resorts, it will be as easy as check-in and plug-in to a whole new level of guest room technology, with 32-inch LCD high-definition televisions and the industrys only digital plug-in panel. To showcas...
RexCorp Realty LLC Signs Capital Hotel Management to Asset Manage the Newly Acquired Marriott Long Island Hotel & Conference Center in Uniondale, New
January 30, 2007
Hotel Online News for the Hospitality Executive RexCorp Realty LLC Signs Capital Hotel Management to Asset Manage the Newly Acquired Marriott Long Island Hotel & Conference Center in Uniondale, New York BEVERLY, Mass - Capital Hotel Management (CHM), a leading hotel investment and asset management firm, today announced that it has been engaged as a hotel investment advisor to RexCorp Realty LLC (RexCorp), to asset manage the newly acquired Marriott Long Island Hotel & Conference Center in Uniondale, New York. RexCorp is a Long Island-based, fully integrated, private real estate company, with approximately US$3 billi...
Reducing Marriott's Environmental Footprint; Company's 2,800 Hotels On Track to Reduce its Greenhouse Gas Emissions by One-fifth During Peri
January 30, 2007
Hotel Online News for the Hospitality Executive Reducing Marriott's Environmental Footprint; Company's 2,800 Hotels On Track to Reduce its Greenhouse Gas Emissions by One-fifth During Period from 2000 to 2010 WASHINGTON, March 22, 2007 - Marriott International, Inc. (NYSE: MAR) is on track to reduce its greenhouse gas emissions by nearly one-fifth over a ten year period from 2000 to 2010 -- approaching one million tons of climate warming gases, or the equivalent of taking nearly 140,000 cars off the roads*. This industry leading effort is part of a comprehensive global campaign to reduce Marriott's environmental footprint and...
German Hotel Chain, Maritim Hotelgesellschaft, Preparing to Open the 533 room Maritim Hotel Düsseldorf / March 2007...
January 30, 2007
Hotel Online Special Report German Hotel Chain, Maritim Hotelgesellschaft, Preparing to Open the 533 room Maritim Hotel Düsseldorf Bad Salzuflen/Düsseldorf, Germany, 27th March, 2007 - North Rhine-Westphalia's largest congress hotel, the Maritim Hotel Düsseldorf, is taking shape. On Thursday, 22nd March, 2007, Dr. Monika Gommolla, Chairlady of the Maritim Hotel Company, Oliver Wittke, Minister for Construction and Traffic of the State of North Rhine-Westphalia, Joachim Erwin, Lord Mayor of the City of Düsseldorf, Christoph Blume, Chairman of the Board of Düsseldorf Airport GmbH, and Dieter Köster, Chairman of...
Mansur Real Estate Services Wins Preliminary Approval to Build a $50 million to $60 million 250 room Westin at Indianapolis International Airport /
January 30, 2007
Hotel Online News for the Hospitality Executive By Jeff Swiatek, The Indianapolis StarMcClatchy-Tribune Business News Mar. 13, 2007 - A hotel that will be hitched to Indianapolis International Airport's new midfield terminal will be well-insulated, height-restricted and built by a local developer. A team headed by Mansur Real Estate Services of Indianapolis is in line to build the hotel with at least 250 rooms, John J. Kish, midfield terminal project director, said Monday. The airport authority picked the Skyward proposal, as the Mansur team calls itself, over ...
Decision Made to Re-brand the Hilton Maldives Resort and Spa to the Conrad Maldives Rangali Island Effective December 2007 / March 2007...
January 30, 2007
Hotel Online Special Report Decision Made to Re-brand the Hilton Maldives Resort and Spa to the Conrad Maldives Rangali Island Effective December 2007 BEVERLY HILLS, Calif., 5 March 2007, Hilton Hotels Corporation (NYSE: HLT) today announced that its award winning resort, Hilton Maldives Resort and Spa, will be re-branded as a Conrad, the groups luxury hotel brand. The resort will be renamed the Conrad Maldives Rangali Island, effective December 2007. Koos Klein, president of Hilton Hotels - Middle East and Asia Pacific, commented, This decision reaffirms the premium positioning of the Hilton Maldives Resort...
The 135 room Hampton Inn-Majestic Chicago Theatre District Opens Following a $20 million Restoration / March 2007...
January 30, 2007
Hotel Online News for the Hospitality Executive The 135 room Hampton Inn-Majestic Chicago Theatre District Opens Following a $20 million Restoration MEMPHIS, Tenn., March 1, 2007 Officials of Hampton (www.hampton.com), the national brand of mid-priced Hampton Inn® and Hampton Inn & Suites® hotels, today announced the opening of its 1,400th hotel and 140,000th room with the 135-room Hampton InnMajestic Chicago Theatre District hotel in downtown Chicago, Ill. In honor of the occasion, the hotel hosted a unique ceremony featuring key appearances by Gene Weygandt, the cast member playing the Wizard in the Chicago compan...
Full-Service Hotels, Resorts See Revenue Payback, Optimized Efficiency with Integrated Maestro PMS Modules; Partnership & Hotel Technology Investment
January 30, 2007
Hotel Online .Special Report Full-Service Hotels, Resorts See Revenue Payback, Optimized Efficiency with Integrated Maestro PMS Modules . Partnership & Hotel Technology Investment Delivers Premium Support Services & ROI . March 6, 2007 - How do hotel operators measure the ROI on a hotel software technology purchase? Three different property managers have their own answers. Maestro Enterprise Yield Management has definitely increased our revenue. Our ADR is through the roof and we have had three years of record RevPAR increases since we installed the system. The Maestro hotel management system has more tha...
Maestro Installed at Top Ranked Fluno Conference Center Managed by Aramark Higher Education; World's #1 conference center partners with integrate
January 30, 2007
Hotel Online .Special Report Maestro Installed at Top Ranked Fluno Conference Center Managed by ARAMARK Higher Education . Worlds #1 conference center partners with integrated Maestro PMS for banquet event and PMS on single platform, free online training Webinars Markham, ON March 27, 2007 - NORTHWIND, a provider of Maestro Enterprise Property Management hotel software and reservation software solutions for hospitality, announced the ARAMARK-managed Fluno Center for Executive Education has installed the integrated Maestro Property Management System (PMS) and Maestro Sales and Catering to manage operations. T...
World Class University, the Hub of State Government and Healthy Local Economy Creating Demand for More then the 8,000 Hotel Rooms Now Available in t
January 30, 2007
Hotel Online News for the Hospitality Executive By Barry Adams, The Wisconsin State JournalMcClatchy-Tribune Business News Mar. 25, 2007 - The salt-water fish tank needed to be filled late last week at the Holiday Inn Hotel at the American Center, but officials say they will open on schedule Friday and provide another option for the growing hotel market in Dane County. "We'll be open," said Steph Sabo, vice president of sales and marketing for the 139-room, five-story hotel designed to cater to corporate travelers. "It's amazing how things come together in the last we...
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January 30, 2007
Hotel Online News for the Hospitality Executive Mehrdad Mike Saeidi Named Director of Finance for The Grand Del Mar, Manchester Grand Resort's New Property in North San Diego County SAN DIEGO, Calif. (February 28, 2007) Adding to its growing roster of seasoned hospitality executives, Manchester Grand Resorts has named Mehrdad Mike Saeidi director of finance for The Grand Del Mar, the luxurious new resort now under construction in North San Diego County. Saeidi was most recently the controller of the Standard Hotel, overseeing financial operations for properties in Hollywood and Los Angeles. As director of fin...
Dow Hotel Company Names Michael Pitstick General Manager of Hilton Bellevue in Bellevue, Washington / March 2007...
January 30, 2007
Hotel Online Special Report Dow Hotel Company Names Michael Pitstick General Manager of Hilton Bellevue in Bellevue, Washington SEATTLE/BELLEVUE, Wash., March 1, 2007The Dow Hotel Company today announced that Michael Pitstick has been named general manager of the Hilton Hotel Bellevue in Bellevue, Wash., effective today. Pitstick most recently was Dows vice president of sales and marketing. Mike has played a key role in significantly improving revenue at each of our properties, said Murray L. Dow II, president of The Dow Hotel Company. The Hilton Bellevue has one of the citys largest meeting facilities,...
Allied Hotels and The Nicholas Group Appoint Michael P. Phillips as Director of Operations – Caribbean / March 2007...
January 30, 2007
Hotel Online News for the Hospitality Executive Allied Hotels and The Nicholas Group Appoint Michael P. Phillips as Director of Operations - Caribbean March 4, 2007 - Allied Hotels and The Nicholas Group appointed Michael P. Phillips as Director of Operations - Caribbean. As Director of Operations - Caribbean, Michael Phillips will oversee and direct the operations of four hotels and resorts with all general managers reporting to him. He has over 20 years of experience in the hospitality industry mainly within The Leading Hotels of the World and Preferred Hotels environments. When asked about his appointment...
Benchmark Hospitality Appoints Michelle E. Moore Director of Human Resources for The Founders Inn, Virginia Beach, Virginia / March 2007...
January 30, 2007
Hotel Online News for the Hospitality Executive Benchmark Hospitality Appoints Michelle E. Moore Director of Human Resources for The Founders Inn, Virginia Beach, Virginia The Woodlands (Houston), Texas, March 2007 - Benchmark Hospitality International has announced the appointment of Michelle Moore as director of human resources for The Founders Inn of Virginia Beach, Virginia. Ellen Ruane, general manager, made the announcement. "It is with pleasure that I welcome Michelle to The Founders Inn," said Ms. Ruane. "She comes to us with experience gained at leading hotel brands and with a specialty in training and plann...
Michael Lynch Appointed Director of Group Sales for InterContinental Mark Hopkins San Francisco / March 2007...
January 30, 2007
Hotel Online News for the Hospitality Executive Michael Lynch Appointed Director of Group Sales for InterContinental Mark Hopkins San Francisco San Francisco March 2007: Michael Lynch joins the InterContinental Mark Hopkins, as Director of Group Sales. Michael was most recently Director of Sales at the Renaissance Parc 55 Hotel in San Francisco and managed a sales team of eight since November 2002. Prior to the Parc 55, he worked in Sales at the Marriott San Mateo and the Crowne Plaza in Rhode Island. He attended the University of Massachusetts Dartmouth where he studied Business Administration. The InterContinent...
European Hotel Supply in 2007; Accor Top Hotel Group, Best Western Top Brand / March 2007...
January 30, 2007
Hotel Online Special Report European Hotel Supply in 2007. Accor Top Hotel Group, Best Western Top Brand The global growth of the hotel supply in the European union is more dynamic. The rhythm is increasing with 2.3% new rooms at the beginning of 2007. The total supply of the hotel groups present in the EU is over 1.2 million with a majority of the rooms in the upper categories. Presented in detail during the recent Global Lodging Forum in Paris, the ranking of the hotel bran...
Diversity at Marriott a Critical Component for Long-term Growth and Success, Raising the Bar Each Year / March 2007...
January 30, 2007
Hotel Online Special Report Diversity at Marriott a Critical Component for Long-term Growth and Success, Raising the Bar Each Year WASHINGTON, March 21, 2007 - Marriott International, Inc. (NYSE: MAR) announced today that for the fourth consecutive year it has ranked among the "Top 50 Companies for Diversity" -- the highest in the lodging industry -- according to DiversityInc magazine. Marriott placed number four in the Top 10 Companies for People with Disabilities category. A total of 317 companies competed in the survey. "Diversity is an important part of Marriott's fabric," said J.W. Marriott, Jr., chairman a...
The IRS Auditing Marriott International Inc.'s Federal Tax Returns for fiscal 2000 through 2002 Regarding $1 billion in Deductions Related to Emp
January 30, 2007
Hotel Online News for the Hospitality Executive The IRS Auditing Marriott International Inc.'s Federal Tax Returns for Fiscal 2000 through 2002 Regarding $1 billion in Deductions Related to Employee Stock Ownership Plan Form 8-K for MARRIOTT INTERNATIONAL INC /MD/ 2-Mar-2007 Marriott International, Inc. (the "Company") disclosed, in its 2006 Annual Report on Form 10-K ("2006 Form 10-K"), that the Internal Revenue Service (the "IRS") is auditing the Company's federal tax returns for the 2000, 2001 and 2002 fiscal years. As part of that audit, the IRS is reviewing a leveraged employee stock ownership plan ("ESOP") featu...
