Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
CNL Hotels & Resorts, One of the Largest Real-estate Investment Trusts, Has Agreed to be Acquired for $6.6 billion by Morgan Stanley Real Estate / J
January 30, 2007
Hotel Online News for the Hospitality Executive By Willoughby Mariano, The Orlando Sentinel, Fla.McClatchy-Tribune Business News Jan. 19, 2007 - Orlando-based CNL Hotels & Resorts Inc. -- one of the country's largest real-estate investment trusts -- has agreed to be acquired for $6.6 billion by Morgan Stanley Real Estate, company officials said early today. The sale includes eight luxury properties across the United States -- including The Ritz-Carlton Orlando and JW Marriott Orlando at the Grande Lakes Resort. "This acquisition is a unique opportunity to acquire eight top-qu...
Montgomery, Alabama Adding 754 Hotel Rooms, Includes $150 million 347 room Massive Renaissance Hotel Project Downtown / January 2007...
January 30, 2007
Hotel Online News for the Hospitality Executive By David Irvin, Montgomery Advertiser, Ala.McClatchy-Tribune Business News Jan. 24, 2007 -- From the edge of the south side Hyundai plant to the extreme eastern reaches of the city, Montgomery is getting plenty of new hotel rooms this year. Currently, there are some 754 new hotel rooms under construction at seven sites across the city, a positive sign for the local economy, chamber officials said Tuesday. More than 190 of these rooms are expected to be complete and ready for occupants by the end of March. The onl...
Ty Warner Hotels & Resorts Finds Buyer for the Long Shuttered Miramar Hotel in Montecito, California; Rick Caruso Plans to Restore It Into a First-c
January 30, 2007
Hotel Online News for the Hospitality Executive By Jim McLain, Ventura County Star, Calif.McClatchy-Tribune Business News Jan. 27, 2007 - -The builder of some of the region's toniest retail venues said Friday that he is buying Montecito's long-neglected Miramar Hotel. Rick J. Caruso, builder of The Lakes at Thousand Oaks, The Promenade at Westlake, The Commons at Calabasas and a host of other upscale Southern California "lifestyle centers," said he is buying the storied beachfront property from Ty Warner, a Montecito multibillionaire. Caruso's company, Caruso Affilia...
MICROS Systems, Inc. Acquires the Hospitality and Retail Subsidiaries of RedSky IT / January 2007...
January 30, 2007
Hotel Online News for the Hospitality Executive MICROS Systems, Inc. Acquires the Hospitality and Retail Subsidiaries of RedSky IT COLUMBIA, Md., Jan. 30, 2007 - MICROS Systems, Inc. (Nasdaq: MCRS), a leading provider of information technology solutions for the hospitality and retail industries, is pleased to announce the acquisition of the Hospitality-Travel and Retail subsidiaries of RedSky IT, one of the UK's premier IT application software developers. RedSky IT Hospitality-Travel software is a single source for the delivery of a comprehensive portfolio of integrated, highly functional hotel PMS software solution...
Laid Off as a Pilot for Pan American in the Early 1980's, Bob Reid Bought a Tulsa Hotel and Created One of the Earliest Computerized Propery M
January 30, 2007
Hotel Online News for the Hospitality Executive By Robert Evatt, Tulsa World, Okla.McClatchy-Tribune Business News Jan. 14, 2007--Travellers want to know whether they have a hotel room waiting for them at the end of a long drive. They want to specify the size of the room, the smoking preference, the number of nights of their stay. A few people will want extra towels. Nearly every hotel, motel, and bed and breakfast uses computer programs to keep track of reservations, customer requests and other operations, and some turn to a Tulsa company that tailor-makes this software for...
Looking to 2007, Hotel Managers Can Expect Meeting Planners to Provide the Same Number of Meetings, But Receive More Revenue / Robert Mandelbaum / Jan
January 30, 2007
Hotel Online Special Report Looking to 2007, Hotel Managers Can Expect Meeting Planners to Provide the Same Number of Meetings, But Receive More Revenue by Robert Mandelbaum, January 2007 Same Meetings - More Money For several quarters now, PKF Hospitality Research (PKF-HR) has observed that the U.S. lodging industry is approaching a peak in the long-term business cycle. At the peak, hotel occupancy levels either stabilize, or decline slightly. Concurrently, management strives to aggressively increase room rates. The net result is fewer occupied rooms, but more revenue. Looking to 2007, hotel mana...
McAllen (Tx) Convention Center Will Open Without a Full Service Hotel Nearby; City Rejected Two Hotel Proposals / January 2007...
January 30, 2007
Hotel Online News for the Hospitality Executive By Kyle Arnold, The Monitor, McAllen, TexasMcClatchy-Tribune Business News Jan. 25, 2007 - MCALLEN -- Guests will start filing into the new McAllen Convention Center in less than two months, but finding a nearby place to stay won't be an option. City officials had envisioned a six-story, four-star hotel on the 3 acres next to the convention center and the new Palms Crossing shopping center being developed. But during more than a year of lobbying for a full-service marquee hotel for the site, only two ho...
Marriott Sets a Five-year Goal to Reduce Greenhouse Gases by Six Percent per Guest Room by 2010 / January 2007...
January 30, 2007
Hotel Online News for the Hospitality Executive Marriott Sets a Five-year Goal to Reduce Greenhouse Gases by Six Percent per Guest Room by 2010 Marriott Energy Conservation Reduces Greenhouse Gases by 70,000 Tons - Equivalent to Removing 10,000 Cars From U.S. Streets First Hotel Company to Be Named an EPA Climate Leader WASHINGTON, Jan. 11, 2007 - Marriott International, Inc. (NYSE: MAR - News) announced today that it has reduced greenhouse gas emissions by 70,000 tons in one year -- the equivalent of removing 10,000 cars -- from U.S. streets*. As the first hotel company to proactively join the prestigious U.S. Envir...
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January 30, 2007
Hotel Online News for the Hospitality Executive Manhattans Lodging Industry Sets New Records in 2006 as it Enters Most Profitable Period in Recorded History NEW YORK, January, 8 2007 Manhattans burgeoning lodging industry set new records in 2006, breaking through the $200 revenue per available room (RevPAR) barrier and eclipsing the peak real RevPAR set in 2000, according to a report released yesterday by Hotel Investment Strategies, LLC, a lodging investment advisory firm based in New York. By all accounts the Manhattan lodging industry is about to embark on one of its most profitable periods in recorded history...
Related Signs Mandarin Oriental Hotel Group to Operate the 275 room Hotel Component at the Mixed Use Grand Avenue Development in Downtown Los Angeles
January 30, 2007
Hotel Online Special Report Related Signs Mandarin Oriental Hotel Group to Operate the 275 room Hotel Component at the Mixed Use Grand Avenue Development in Downtown Los Angeles LOS ANGELES - January 25, 2007 - Related today announced that it has signed an agreement with the Mandarin Oriental Hotel Group expressing intent to manage the hotel component at the prestigious Grand Avenue development in downtown Los Angeles. The hotel will occupy the first 20 floors of a 48-story tower designed by Frank Gehry that will feature luxury for-sale residences on the upper floors. The 275-room hotel, expected to open in Summe...
Denver-based Magnolia Hotels Promotes Six Executives to Vice President Positions / January 2007...
January 30, 2007
Hotel Online News for the Hospitality Executive Denver-based Magnolia Hotels Promotes Six Executives to Vice President Positions Jan. 9, 2007 (DENVER) Denver-based Magnolia Hotels today announced several promotions. The following have been promoted: Scooter Yates to executive vice president; Scot Cameron to vice president of acquisitions & development; Mike Pratt to vice president of sales & marketing; Chris Scheer to vice president of finance; Nick Marcovecchio to vice president of operations and administrative services and Jeff Parker as vice president of information systems. All will be based out of the Magnolia Hotel...
Richard Branson's Virgin Group Seeking Approvals to Build £1.5 billion Casino / Destination Resort in Macau / January 2007...
January 30, 2007
Hotel Online News for the Hospitality Executive By Bill Condie, Evening Standard, LondonMcClatchy-Tribune Business News Jan. 26, 2007 - Sir Richard Branson's Virgin Group is close to finalising a deal to open a £1.5 billion casino in Macau, the southern Chinese city that has overtaken Las Vegas as the world's largest centre for gambling. Branson's negotiations to acquire a 50-acre site come only days before the UK Government is due to announce its controversial licences for up to 17 large casinos in this country. The Virgin boss said his Chinese venture would provide...
Sandia Resort & Casino Bets on HotSOS as Best Way to Ensure Guest Satisfaction; New Mexico's Indian Gaming property chooses MTech's Hotel Se
January 30, 2007
Hotel Online Special Report Sandia Resort & Casino Bets on HotSOS as Best Way to Ensure Guest Satisfaction , New Mexicos Indian Gaming property chooses MTechs Hotel Service Optimization System to help staff respond quickly to guest concerns and track recurring problems MIAMI JANUARY 15, 2007 A year before Sandia Casinos grand opening of its new Resort expansion management knew it needed a quality automated service-management/guest-response solution to ensure that once it opened its doors to guests and patrons, theyd want to return. MTechs Internet-based Hotel Service Optimization System (HotSOS,...
Benchmark Hospitality Appoints Michael Polese Director of Rooms for The Heldrich / January 2007...
January 30, 2007
Hotel Online News for the Hospitality Executive Benchmark Hospitality Appoints Michael Polese Director of Rooms for The Heldrich The Woodlands, Texas, January 12, 2007 ... Benchmark Hospitality has appointed Michael Polese director of rooms for The Heldrich, the $110 million mixed use property being constructed in the heart of New Brunswick, New Jersey. Mike Taylor, Benchmark’s general manager at The Heldrich, made the announcement. “It is a pleasure to welcome Michael to The Heldrich,” said Mr. Taylor. “He has experience in multiple disciplines within hospitality management, ...
Micheal Levie, CEO of New Start-up Hotel Chain Onestarisborn, Will Present a Session Exploring Hotel Technology Needs at the European Hospitality Tech
January 30, 2007
Hotel Online Special Report Micheal Levie, CEO of New Start-up Hotel Chain Onestarisborn, Will Present a Session Exploring Hotel Technology Needs at the European Hospitality Technology Education Conference - February 19, 2007 in Amsterdam AUSTIN, TEXAS (January 31, 2007) - Hospitality Financial & Technology Professionals (HFTP) announced that Michael Levie, CEO of Onestarisborn (OSIB) will give the Opening Session Presentation at the European Hospitality Technology Education Conference (EHTEC) on February 19, 2007 at the Hilton Amsterdam in Amsterdam, the Netherlands. Michael Levie's general session "What Indivi...
Molinaro Koger Structures $169 Million Sale of Summerfield Suites Portfolio to Hersha Hospitality Trust on behalf of LodgeWorks / January 2007...
January 30, 2007
Hotel Online Special Report Molinaro Koger Structures $169 Million Sale of Summerfield Suites Portfolio to Hersha Hospitality Trust on behalf of LodgeWorks McLean, Virginia January 16, 2007 Molinaro Koger (MK), announced today that the firm successfully marketed and structured the sale of seven extended-stay Hyatt Summerfield Suites hotels to Hersha Hospitality Trust on behalf of LodgeWorks, L.P. The sale price for the upscale extended-stay portfolio of 1,005 suites was approximately $169 million. The properties involved are well-located in top-tier, high barrier to entry markets in the Northeast, Mid-Atla...
Mark Hemmer Named Vice President of Operations for Hotel Development and Management Company Vesta Hospitality / January 2007...
January 30, 2007
Hotel Online Special Report Mark Hemmer Named Vice President of Operations for Hotel Development and Management Company Vesta Hospitality VANCOUVER, Wash., Jan. 24, 2007 Mark Hemmer, CHA, has joined hotel development and management company Vesta Hospitality, LLC, as the companys vice president of operations. Richard E. Takach, president and CEO of Vesta Hospitality, made the announcement. As vice president of operations, Hemmer will be responsible for the overall daily operations of all properties in the companys managed hotel portfolio. Specific areas of focus in Hemmers role include revenue generation; ...
MBWA, Management By Wandering Around, My Favorite Business Acronym Since the Early 70's / Richard J. Welch, CHA, CHME / January 2007...
January 30, 2007
Hotel Online News for the Hospitality Executive MBWA, Management By Wandering Around, My Favorite Business Acronym Since the Early 70's by Richard J. Welch CHA,CHME, January 2007 MBWA, Management By Wandering Around, has been my favorite business acronym since the early 70's. I was attending a management meeting for all Marriott employees, when it was announced that Bill Marriott Sr. was going to address the meeting. He eagerly began speaking about the key formula of a successful hotel Manager. He went on to explain that when he started spending less time in his office and more time out and about in his restaurant his...
Loews Instilling its Own Brand of Service and Style on the Former Hyatt Regency Hotel at Lake Las Vegas; Creating a More Relaxed Environment, Shuts
January 30, 2007
Hotel Online News for the Hospitality Executive By Benjamin Spillman, Las Vegas Review-JournalMcClatchy-Tribune Business News Jan. 25, 2007 - Jonathan Tisch won't be putting his name on a massive hotel tower, isn't feuding with rival operators and plans to use subtle charm instead of slot machines to attract visitors. Not the type of business titan one would expect to find eager to make a mark on Las Vegas tourism. But that's exactly what Tisch, chairman and chief executive officer of Loews Hotels, intends to do -- and soon. In November, Loews announced it woul...
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January 30, 2007
Comtrol Releases Next Generation of Lodging Link Turn-key Interface Solution Lodging Link Premier Minneapolis, MN January 31, 2007 - Comtrol Corporation, a leading provider of hotel interface services for the property management sector, announces the release of Lodging Link Premier. It is the fourth-generation of Comtrols turn-key universal guest service device interfacing solution. Currently, over 50 property management system manufacturers rely on Lodging Link technology to manage their guest service systems. Lodging Link manages over 450 guest device systems and is found in over 5,000 hotels worldwide. ...
LodgeNet Leads Hospitality Industry with Most HDTV Rooms; Industry- first, advanced HD interactive system delivers exceptional entertainment experienc
January 30, 2007
Hotel Online Special Report LodgeNet Leads Hospitality Industry with Most HDTV Rooms . Industry- first, advanced HD interactive system delivers exceptional entertainment experience for guests, easy conversions for hotels . SIOUX FALLS, SD, January 12, 2007 LodgeNet Entertainment Corporation (NASDAQ: LNET), the world leader in interactive TV and broadband solutions to hotels, today announced its SIGNETURE HDTV SM guest entertainment solution is contracted for over 80,000 hotel rooms and was deployed to more than 17,000 hotel rooms as of December 31, 2006. LodgeNet also leads the hospitality industry by de...
The Procaccianti Group Spending $16.4 million on Facelift for 30 Year Old Hyatt Regency Lexington / January 2007...
January 30, 2007
Hotel Online News for the Hospitality Executive By Jim Jordan, The Lexington Herald-Leader, Ky.McClatchy-Tribune Business News Jan. 25, 2007 - The Hyatt Regency Lexington is getting a $16.4 million facelift that will make it "the premier convention hotel in the state of Kentucky," Hyatt General Manager Larry Bell announced yesterday. All areas of the 365-room hotel, located downtown in the same complex as Rupp Arena and the Lexington Convention Center, will be renovated beginning this spring and concluding in mid-2008, Bell said. Architectural plans for the lobby, res...
Daniel Donahue Named General Manager and Sheila Hayden as Director of Sales and Marketing for The Lenox Hotel, Boston / January 2007...
January 30, 2007
Hotel Online News for the Hospitality Executive Daniel Donahue Named General Manager and Sheila Hayden as Director of Sales and Marketing for The Lenox Hotel, Boston Boston, MA (January 17, 2007) - The Lenox Hotel, a historic AAA Four Diamond hotel in Boston's prestigious Back Bay neighborhood has named Daniel Donahue as General Manager and Sheila Hayden as Director of Sales and Marketing for the hotel. Both bring extensive hospitality experience and senior management expertise to The Lenox and The Saunders Hotel Group. Mr. Donahue most recently served as Deputy General Manager, directing hotel operations at Jurys Boston, ...
The Saunders Hotel Group's Lenox Hotel Sets the Standard in Urban, Luxury Ecotourism / January 2007...
January 30, 2007
Hotel Online Special Report The Saunders Hotel Group's Lenox Hotel Sets the Standard in Urban, Luxury Ecotourism Boston, MA (December 27, 2006) The Saunders Hotel Group (SHG) and its Four Diamond Lenox Hotel have just received two of travels most prestigious awards. As green hotels are becoming truly mainstream, SHG is being recognized for continuing to set the standard in urban, luxury ecotourism. Implementing innovative environmentally-friendly campaigns, since 1989, SHG is also recognized as an eco-pioneer in the worlds largest industry - travel and tourism. SHG continues to expand and refine its industry leadi...
