Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
Original Sin of Revenue Management – A Pricing Strategy that Misses the Mark / Jay Delerno / February 2007
January 30, 2007
Hotel Online Special Report Original Sin of Revenue Management - A Pricing Strategy that Misses the Mark What does sin have to do with Revenue Management? First, lets look at a definition of sin. Sin is defined as a transgression of a religious or moral law, especially when deliberate or to commit an offense or violation. Next, lets look at the origin of the word sin. The Greek word hamartia means "to miss the mark" or "to miss the target". The Original Sin of Revenue Management is using an unscientific methodology to create a pricing strategy that misses the mark or to say it another way mi...
Optimum Hotel Brokerage Earns Many Top Sales Awards Presented at 2007 Hotel Brokers International Convention / February 2007
January 30, 2007
Hotel Online Special Report Optimum Hotel Brokerage Earns Many Top Sales Awards Presented at 2007 Hotel Brokers International Convention Las Vegas, Nevada, February 19, 2007 - Philadelphia-based Optimum Hotel Brokerage earned many of Hotel Brokers International's top honors for hotel asset transactions presented at HBI's annual membership meeting held in Las Vegas January 30th through February 2nd, 2007. Joseph McCann, Optimum's principal and president, was recognized for his firm's record number of transactions, cooperative sales, and Broker of the Year for the New England/Mid-Atlantic Region. The awards were presente...
Notable Quotes Captured from Hotel Industry Leaders at the ALIS Conference / Jim Butler / February 2007
January 30, 2007
Hotel Online Special Report Notable Quotes Captured from Hotel Industry Leaders at the ALIS Conference By Jim Butler, Hotel Lawyer | Author of www.HotelLawBlog.com - January 31, 2007 Last week, I attended the Los Angeles hotel investment conference (ALIS) and promised to report on the pulse of the hotel industry. So here is the first follow up on that promise and the first in a series of reports on www.HotelLawyerBlog.com about what's going on in the industry. This report is my collection of notable quotes I captured from hotel industry thought leaders at the ALIS Conference. Setting the scene. As a hotel l...
With a Bidding Process Lasting 30 seconds, Billings's Historic Northern Hotel Sells for $2.3 million; The Lenders Now the Owners / February 200
January 30, 2007
Hotel Online News for the Hospitality Executive By Jan Falstad, Billings Gazette, Mont.McClatchy-Tribune Business News Feb. 2, 2007 - In a public auction lasting less than 10 minutes this morning, investors from northwestern Montana paid $2,263,457 to buy the historic Northern Hotel in downtown Billings. The investors, who originally had no intension of owning the hotel, basically bought the property to cover their debt. The Boone Trust Group, representing about nine northwestern Montana investors, had claims for more than $2 million against the Northern. Ted Lovec, p...
Robert Falor, the Developer Behind Nicky Hilton's Planned South Beach Hotel, Is Considering Scuttling the 95-room "Nicky-O" Condo-hot
January 30, 2007
Hotel Online News for the Hospitality Executive By Douglas Hanks, The Miami HeraldMcClatchy-Tribune Business News Feb. 3, 2007 - The developer behind Nicky Hilton's planned South Beach hotel said Friday he is considering scuttling the project because she allegedly filmed a private videotape with older sister Paris making racist remarks. "I'm very concerned about it. I'm shocked actually that she would participate in something like that," developer Robert Falor said. The video is making the rounds on the Internet and is the subject of a lawsuit by Paris Hilton. Falor'...
Industry Professionals to Discuss Competing for the Future of Hospitality at NewmarketPLUS 2007 User Conference; Newmarket International's custom
January 30, 2007
Hotel Online Special Report Industry Professionals to Discuss Competing for the Future of Hospitality at NewmarketPLUS 2007 User Conference . Newmarket Internationals customers will share how technology enables them to better compete in todays hospitality marketplace Portsmouth, NH - February 26, 2007 Newmarket International, Inc., the leader in sales and catering solutions for the hospitality industry, today announced that several leading hospitality professionals will participate in a panel session at its 4th annual user conference. The panel discussion will highlight how these companies are using Newmar...
Newmarket's Daylight Customers to Share Insights at NewmarketPLUS 2007 User Conference; Industry professionals to share real-world experiences us
January 30, 2007
Hotel Online Special Report Newmarkets Daylight Customers to Share Insights at NewmarketPLUS 2007 User Conference . Industry professionals to share real-world experiences using Daylight to connect and compete in the hospitality industry Portsmouth, NH - February 27, 2007 Newmarket International, Inc., the leader in sales and catering solutions for the hospitality industry, today announced that several of its customers will contribute their expertise at the upcoming 4th annual NewmarketPLUS 2007 User Conference. As part of a panel discussion titled Connecting to Opportunity with Daylight, these hospitality le...
Newmarket International Realizes Rapid Growth in Dubai; Region's leading hotels choose Newmarket's sales and catering solutions for competit
January 30, 2007
Hotel Online Special Report Newmarket International Realizes Rapid Growth in Dubai . Regions leading hotels choose Newmarkets sales and catering solutions for competitive edge Portsmouth, NH - February 7, 2007 Newmarket International, Inc., the leader in sales and catering solutions for the hospitality industry, today announced the achievement of significant market share in Dubai, United Arab Emirates. In support of its growing group of hospitality customers in Dubais thriving economy, Newmarket hosted the inaugural Delphi 2007 Partner Seminar, an event focused on providing its customers with the Newmarke...
Newmarket International to Host 4th Annual User Conference; NewmarketPLUS 2007 will feature insight from Newmarket executives, industry analysts and l
January 30, 2007
Hotel Online Special Report Newmarket International to Host 4th Annual User Conference . NewmarketPLUS 2007 will feature insight from Newmarket executives, industry analysts and leading hospitality companies Portsmouth, NH - February 20, 2007 Newmarket International, Inc., the leader in sales and catering solutions for the hospitality industry, today announced that its 4th annual NewmarketPLUS 2007 User Conference will be held March 18-21 at the Royal Pacific Resort at Universal Orlando®, a Loews Hotel. The event is aimed at empowering hospitality sales, catering, and event management professionals to connect, ...
French Real Estate Developer, Claude Dray, Acquires Miami South Beach's 151 room National Hotel; No Plans to Go Condo / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive By Douglas Hanks, The Miami HeraldMcClatchy-Tribune Business News Feb. 1, 207 - A French real estate investor has purchased South Beach's National Hotel for an undisclosed sum, offering a glimpse of the lodging sector's increasing popularity at the expense of condominium projects. Claude Dray, the French developer who is a partner in the massive Plaza at Brickell condominium complex being built by the Related Group in Miami, closed the deal on the 151-room Art Deco building on Wednesday. Dray and his wife, Simone, are Art Deco ...
Nantucket Island Resorts 5-Property Chain Relies on Maestro Multi-Property Suite for Rate Optimization, Operating Efficiency; Five premier hotels on N
January 30, 2007
Hotel Online .Special Report Nantucket Island Resorts 5-Property Chain Relies on Maestro Multi-Property Suite for Rate Optimization, Operating Efficiency . Five premier hotels on Nantucket implement single-image database to streamline operations . February 13, 2007- Some guests stay at Nantucket Island Resorts for the privacy, acclaimed service and stunning view of both the Atlantic Ocean and Nantucket Bay. Others come to be seen socializing with the well-connected residents of Nantucket Island on a terraced harbor side bar. Many families vacation in the cozy seaside Cottages to relax in the down-home New England...
Nara M. Ravani Appointed Director of Sales at the 445 room Americas Best Value Inn and Suites in Kissimmee, Florida / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive Nara M. Ravani Appointed Director of Sales at the 445 room Americas Best Value Inn and Suites in Kissimmee, Florida KISSIMMEE, Fla., February 27, 2007 - Clifford Higgins, the general manager of the Americas Best Value Inn and Suites located in Kissimmee, FL recently appointed Nara M. Ravani to Director of Sales. Previously the Director of Sales and Marketing at the Wingate Inn Orlando Universal, Ravani brings to the 445-room property (formerly known as the Hawaiian Maingate Inn) more than 24-years hospitality experience. "I am pleased to welcome Nara to our team, where she w...
HREC Investment Advisors Joined By Lodging Industry Leader Nick DePaolo / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive HREC Investment Advisors Joined By Lodging Industry Leader Nick DePaolo (Denver, CO; Chicago, IL): Lodging industry veteran Nick DePaolo has joined Denver-based HREC Investment Advisors, a national hotel industry brokerage and investment banking firm. Mr. DePaolo will serve as a Vice President in the Chicago office. Nick DePaolo comes to HREC Investment Advisors after a 10 year career as the Midwest Director of Franchise Development for Wyndham Worldwide, formerly Cendant Corporation. As the premier Franchise Sales Director for the Midwest, Nick was personally responsib...
Ohio Supreme Court To Rule if Murky Pool at Columbus Embassy Suites Creates Hotel Liability in Drowing Death / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive By James Nash, The Columbus Dispatch, OhioMcClatchy-Tribune Business News Feb. 14, 2007 - A Columbus hotel is responsible for the drowning of a 10-year-old girl in its pool because the hotel allowed the water to become too murky, an attorney for the girl's family told the Ohio Supreme Court yesterday. The milky water at the Embassy Suites hotel near Cleveland Avenue and I-270 on the North Side complicated efforts to find and rescue Shayla Uddin as she drowned during a birthday party in April 2000, said attorneys for her father,...
American Skiing Company Selling Mount Snow and Attitash Resorts for $73.5 million to Peak Resorts Inc. / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive American Skiing Company Selling Mount Snow and Attitash Resorts for $73.5 million to Peak Resorts Inc. PARK CITY, Utah - February 16, 2007 - American Skiing Company (OTCBB:AESK) announced today that it had entered into a definitive agreement to sell its Mount Snow and Attitash resorts for $73.5 million to Peak Resorts Inc., a resort operator with ski resorts in Missouri, Indiana, Pennsylvania, New Hampshire and Ohio. The announced sales follow the December announcement of the planned $265 million sale of Steamboat resort. Weve worked very hard to ensure that the full poten...
Mövenpick Targets Singapore as the Next Stage in its Asia Expansion / February 2007
January 30, 2007
Hotel Online Special Report Mövenpick Targets Singapore as the Next Stage in its Asia Expansion February 2007 - Mövenpick Hotels & Resorts is taking another major step in its expansion into Asia. In mid-2006 the Swiss hotel group took over a holiday resort on Phuket/Thailand; now it has just signed a management agreement with Maxz Universal Development Group for a new development on Sentosa Island, Singapore. The resort is scheduled to open at the end of 2008."It is an honour for us to start the New Year with such an exceptional project and to have found a strong partner in Maxz Universal Developme...
Moscow's Hotel General Managers Are Overpaid – Myth or Reality? Comparison of compensation packages awarded to hotel General Managers in ke
January 30, 2007
Hotel Online Special Report Moscow's Hotel General Managers Are Overpaid - Myth or Reality? . Comparison of compensation packages awarded to hotel General Managers in key cities in Russia with other international markets By Tatiana Veller, February 6, 2007 The Russian hotel market has finally appeared on the radar screen of international hotel companies. Local brands are now competing against US, European and Asian rivals in a quest for market share and talent. Due to this rapid growth, HVS Executive Search is starting a series of articles on compensation trends in the hotel industry. We will compare Russian a...
The 802-room Sheraton Grande Tokyo Bay to be Acquired by Morgan Stanley Real Estate and Starwood Hotels Joint Venture / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive The 802-room Sheraton Grande Tokyo Bay to be Acquired by Morgan Stanley Real Estate and Starwood Hotels Joint Venture Singapore, February 26, 2007 Starwood Hotels & Resorts Worldwide, Inc.® (NYSE: HOT) and a fund managed by Morgan Stanley Real Estate have entered into a definitive joint venture agreement to acquire the Sheraton® Grande Tokyo Bay Hotel from Taisei Corporation Group, with a closing of the acquisition expected before the end of March 2007. The fund, managed by Morgan Stanley Real Estate, will own approximately 75% of the joint venture and Starwood will own ...
Developer Seeks to Mine the Community's Recollections of the Glory Days of the Beloved Miramar Hotel in Montecito, California / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive By Maria Zate, Santa Barbara News-Press, Calif.McClatchy-Tribune Business News Feb. 22, 2007 - What do you remember most about the old Miramar Hotel in Montecito? The new owner of the property wants to hear from you. Los Angeles-based developer Caruso Affiliated, which closed escrow on the purchase of the Miramar on Tuesday (sale price undisclosed), has just launched a fact-finding mission called "Memories of the Miramar." The goal is to mine the community's recollections of the glory days of the beloved seaside hotel, ...
January 30, 2007
10 Preventive Maintenance Steps You Can Take to Maximize Energy Efficiency This Winter Courtesy of Mintek Mobile Data Solutions DUNEDIN, FLA.February 7, 2007Thanks to a warmer than normal start to the winter, hoteliers have had a respite from the sharp energy increases experienced in the recent past. Still, on average, energy prices were higher last year than the previous year for the fifth straight year. Who knows what the remainder of 2007 will bring? What we have all learned from the past is to expect the unexpected. One proven way to ensure that your hotel stays as energy efficient as possible is to implement a comp...
Millennium Hotels and Resorts Adds a Kingsgate Branded Property, the Former Best Western Portland Hotel of Thorndon, Located in Wellington, New Zealan
January 30, 2007
Hotel Online News for the Hospitality Executive Millennium Hotels and Resorts Adds a Kingsgate Branded Property, the Former Best Western Portland Hotel of Thorndon, Located in Wellington, New Zealand 7 February 2007 - Millennium Hotels and Resorts New Zealand has announced its 33rd property in New Zealand, the Kingsgate Hotel Portland, Wellington, commencing under a franchise agreement on 1 March. The property is the groups third in Wellington, and is located just 500 metres north of the city centre in Thorndon. It is the closest hotel to the Westpac Stadium, inter-island ferries and all major government departments. ...
Mike Leven, Founder of US Franchise Systems, Retires from the Company and from the Hospitality Industry / February 2007
January 30, 2007
Hotel Online Special Report Mike Leven, Founder of US Franchise Systems, Retires from the Company and from the Hospitality Industry . February 7, 2007 - Mike Leven, founder and Chairman of Atlanta-based US Franchise Systems, Inc. (USFS) an affiliate of Global Hyatt with more than 400 hotels open or under construction including the award-winning Microtel Inns & Suites brand, has retired from the company and from the hospitality industry as of December 31, 2006. Leven, 69, has spent his entire 45-year career in the hotel industry. In June 2006, Leven became Vice Chairman of the Atlanta-based Marcus Fou...
Microtel Inns & Suites Makes 8 New Executive Appointments / February 2007
January 30, 2007
Hotel Online Special Report Microtel Inns & Suites Makes 8 New Executive Appointments ATLANTA (Jan. 31, 2007) - Microtel Inns & Suites - which continues to demonstrate its leadership position in the economy lodging segment with increased levels of development activity - has announced several new hires in the Franchise Services and Operations department to augment its extensive franchise support and provide expedited management of new projects through the critical pre-construction, ground break and opening phases. The new hires include: Jaynie Boothe, Regional Operations Manager Boothe was formerly owner of Br...
Mazili Hotel Group Closes the Ramada Limited Jacksonville, Florida / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive Mazili Hotel Group Closes the Ramada Limited Jacksonville, Florida February 6, 2007 - Mazili Hotel Group, a Hotel Brokerage Investment Company, advised Nikita Hotels, Inc. in the sale of the Ramada Limited located in Jacksonville, Florida to Okeechobee Inn, Inc. and its subsidiary West Palm Motel Corp. The asset was sold at 16% CAP and Price/Room of $64,102.56. Julian Mazili and Francesco Bouanani represented the seller in this transaction. . . Mazili Hotel Group provides a range of services including brokerage, advisory, consultation, budget analysis and pre-construction pr...
