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The Lodging Ledger / Skyrocketing Transaction Volume and Pricing / Investment Timing is Key / Steve Hennis / February 2007
January 30, 2007
Hotel Online Special Report The Lodging Ledger Skyrocketing Transaction Volume and Pricing . Investment Timing is Key . Post-Acquisition Capital: Another Big Chunk of Change . HOSPITALITY RESEARCH + CONSULTING SPECIALISTS Winter 2007 The Sky is the Limit Transaction Volume and Per-Room Pricing Reach Unprecedented Levels Close to $40 billion in upscale and luxury assets have traded over the past two years. The low cost of capital, strong operating results, a highly competitive deal environment, and residential conversion economics have driven the lodging industry into a new investment era over the pa...
The Australian Leisure Inn Hotels and Suites Brand Attracts Investors to Grow Brand from Current 9 Properties to Over 20 / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive The Australian Leisure Inn Hotels and Suites Brand Attracts Investors to Grow Brand from Current 9 Properties to Over 20 1 February, 2007 - Leisure Inn Hospitality Management Pty Ltd (LIHM), owners of the Leisure Inn Hotels and Suites brand, is pleased to announce the introduction of a major shareholder into the Leisure Inn Group which will further bolster the companys financial capacity to achieve its growth plans. . > Leisure Inn Hotels and Suites, Australias emerging 3 - 4 star hotel brand, has completed its first capital raising this week following the finalisation ...
Langham Hotels International Appoints Two Senior Executives for its Development Team, Harry Littlewood and Stefan Heintze / February 2007
January 30, 2007
Hotel Online Special Report Langham Hotels International Appoints Two Senior Executives for its Development Team, Harry Littlewood and Stefan Heintze (Hong Kong February 2007) In support of the group's aggressive expansion plan, Langham Hotels International (LHI) has appointed two senior executives for its development team to further extend its business ventures worldwide. Harry Littlewood, Director of Development Mr. Littlewood has spent 12 years working in Hong Kong and Guangdong province, China accumulating extensive experiences in the China market and developing a thorough understanding of Chinese ...
Lady Luck Casino Hotel Remains Shuttered; the 791 room Downtown Las Vegas Property Closed One Year Ago, Displacing 700 Workers / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive By Benjamin Spillman, Las Vegas Review-JournalMcClatchy-Tribune Business News Feb. 8, 2007 - A hotel-casino that was supposed to become "the anchor of the downtown market" remains shuttered almost one year after its owners closed the property and displaced nearly 700 workers. When the Lady Luck closed Feb. 12, 2006, its owners said renovations would be complete within nine to 12 months. On Nov. 1, Andrew Donner of Downtown Resorts told the Nevada Gaming Control Board the project would be delayed a year but pledged to rev...
LXR Resorts Partners with PAR Springer-Miller to Provide Unparalleled Guest Service at El Conquistador Resort; Installation includes SMS|Kiosk for Sel
January 30, 2007
Hotel Online Special Report LXR Resorts Partners with PAR Springer-Miller to Provide Unparalleled Guest Service at El Conquistador Resort . Installation includes SMS|Kiosk for Self-Check In New Hartford, NY ---February 22, 2007 PAR Springer-Miller Systems Inc. (PSMS), a wholly owned subsidiary of PAR Technology Corporation (NYSE:PTC) --- and the leading provider of guest-centric hospitality management systems for hotels/resorts and spas--- is pleased to announce that LXR Resorts & Hotels El Conquistador Resort in Fajardo, Puerto Rico has installed SMS|Host® Hospitality Management solution. Perched on high cliffs...
Leland Pillsbury, Chairman and CEO of Thayer Lodging Group, Keynote Speaker at 82nd Annual Hotel Ezra Cornell, April 12-15, 2007 / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive Leland Pillsbury, Chairman and CEO of Thayer Lodging Group, Keynote Speaker at 82nd Annual Hotel Ezra Cornell, April 12-15, 2007 Ithaca, N.Y., February 19, 2007 Why should hospitality leaders embrace uncertainty, disruption, and risk when the world (and perhaps a boss or two) prizes confidence, calmness, and security? Does innovation really pay? And does sustainability? These questions and many more will be answered at Hotel Ezra Cornell (HEC), April 12-15, 2007. The theme of this years conference is rather fitting for an 82-year-old organization: Sustainability Throug...
Michael M. Trosin Named General Manager at the 295 room Hartford/Windsor Marriott Airport Hotel / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive LaSalle Hotel Properties Reports YE 2006 Net income of $73,456, Up from Previous Year $20,767; . RevPAR Increases 10.1%, Occupancy 73.9% BETHESDA, Md. - Feb. 22, 2007 -- LaSalle Hotel Properties (NYSE:LHO) today reported net income to common shareholders of $73.5 million, or $1.85 per diluted share for the year ended December 31, 2006, compared to net income of $20.8 million, or $0.67 per diluted share for the prior year. Net income for 2006 includes the $38.4 million net gain on the sale of the Chicago Marriott Downtown. For the year ended December 31, 2006, the Company gene...
New York's Acclaimed Michelangelo Hotel Selects KoolConnect For Digital In-Room Entertainment; Property rated by Travel & Leisure Magazine as one
January 30, 2007
Hotel Online Special Report New Yorks Acclaimed Michelangelo Hotel Selects KoolConnect For Digital In-Room Entertainment . Property rated by Travel & Leisure Magazine as one of the top 500 Greatest Hotels of the World brings next generation of entertainment to Manhattan NEEDHAM, MA & NEW YORK, NY- FEBRUARY 23RD 2007- The Michelangelo Hotel, a member of the prestigious Italian-based Star Hotels Group - comprising 21 luxury hotels and resorts in Europe and the United States recently completed installation of KoolConnects advanced Imagine digital in-room solution platform at their acclaimed New York City ...
Top 10 Group Events January 2007 – North America & Selected Markets / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive Event Market Sq Ft - Meeting Space Occupied 1. Bridal Spectacular Jan 2007 Kansas City 409,458 2. METRO DENTAL CARE Minneapolis 354,692 3. 9TH ANNUAL REALSCREEN SUMMIT Washington 295,454 4. ...
Donahue Peebles Acquires the Key Colony Bay Motel in Marathon, Florida for $28.3 million; Will Convert to a Condo Hotel / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive Florida Keys Keynoter, MarathonMcClatchy-Tribune Business News Feb. 10, 2007 - Miami developer Donahue Peebles has closed on the acquisition of the Key Colony Bay Motel for $28.3 million at mile marker 54 in Marathon. Peebles also closed on $83 million in construction financing from Fremont Investment & Loan, the lender that has previously financed other Peebles' developments in Miami, Washington, D.C., and San Francisco. Plans call for an ultra-luxury, residential resort called Manoir Resort Villas on five acres with 72 furnis...
Manchester Picked as Site for Britain's First Vegas Style Casino; Kerzner International on Inside Track to Be a Partner / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive By Tamsin Brown, Daily Mail, LondonMcClatchy-Tribune Business News Jan. 31, 2007 - The shock recommendation of Manchester as the home of Britain's first super casino caught gambling groups betting on Blackpool or Greenwich on the back foot. The biggest loser was probably U.S. entertainment mogul Philip Anschutz, whose Anschutz Entertainment Group had already started building work on the proposed casino site at London's Millennium Dome, now called the O2. Bookmaker Ladbrokes, meanwhile, had been betting on Blackpool and ...
Joseph R. Kane, President, Wyndham Hotel Group Retiring, to be Succeeded by Ken Greene / February 2007
January 30, 2007
Hotel Online Special Report Joseph R. Kane, President, Wyndham Hotel Group Retiring, to be Succeeded by Ken Greene . PARSIPPANY, N.J. (Feb. 19, 2007) Joseph R. Kane Jr., CHA , a 42-year lodging veteran who served Wyndham Hotel Group as a group president for the last two years and president of Days Inns Worldwide for 11 years, has announced that he will retire from those positions at the end of the month and continue his service to the company in a part-time role on specific projects. Kane told the more than 1,800 Days Inn® owners and managers attending their international conference in Las Vegas l...
January 30, 2007
Hotel Online News for the Hospitality Executive Kalahari Waterpark Resort - Sandusky Expaning Indoor Waterpark from 80,000 sq. ft. to 173,000 sq. ft. Making it Americas Largest Indoor Waterpark SANDUSKY, Ohio (February 2007) Go big or go home. As the indoor waterpark industry continues to surge new construction is up 33 percent over 2005 according to consulting firm JLC Hospitality Kalahari Resorts is taking the trend to new heights. The African-themed waterpark resort company which boasts the largest indoor waterpark in the nation 125,000 sq. ft. at its Wisconsin Dells, WI property, today announced ...
Renard International is Pleased to announce Katie Linne has Joined the Corporation as Director of International Business Development / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive Renard International is Pleased to Announce Katie Linne Has Joined the Corporation as Director of International Business Development February 6, 2007 - Katie Linne, a British national, studied Hotel & Catering Management and later Pastry at the Savoy Hotel in London. Katie lived and worked in the hospitality industry Internationally in locations including North Africa, the Middle East and Asia with InterContinental, Swissotel and Hilton Hotels. Her hands-on exposure has given her an excellent understanding of the industry and sensitivity to people of various world cultures and...
Hotel Jerome Appoints Katherine Huske As Director of Marketing and Sales / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive Aspen's Hotel Jerome Appoints Katherine Huske as Director of Marketing and Sales ASPEN, Colo. February 23, 2007 On the brink of a $45 million renovation, Hotel Jerome has tapped Katherine Huske as director of marketing and sales. Huske comes to Aspens crown jewel hotel with more than 20 years in the hospitality industry and a talent for innovative marketing and strategic sales. It is an honor to have the opportunity to work for a visionary hotelier like Steve Bartolin (CEO and president of the Broadmoor, the hotels sister property), explains Huske. I am delighted...
Creator of the Fidelio Property Management Software, Keith Gruen, to Speak on the History of Property Management Systems at European Hospitality Techn
January 30, 2007
Hotel Online Special Report Creator of the Fidelio Property Management Software, Keith Gruen, to Speak on the History of Property Management Systems at European Hospitality Technology Education Conference AUSTIN, TEXAS (February 12, 2007) - Keith Gruen, hotel software entrepreneur and executive at conject AG, will give the luncheon speech at Hospitality Financial & Technology Professionals' (HFTP) inaugural European Hospitality Technology Education Conference (EHTEC) on February 20, 2007 at the Hilton Amsterdam in Amsterdam, the Netherlands. Gruen's luncheon speech 'PMS: Yesterday, Today, and Tomorrow' w...
Bermuda Developers Sign Jumeirah to Operate the First New Luxury Resort to be Built in Bermuda in 35 years / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive Middle East and North Africa Business Report, Amman, JordanMcClatchy-Tribune Business News Feb. 1, 2007 -- Jumeirah, the fast growing Dubai-based luxury hotel group and member of Dubai Holding, has been appointed to manage the first new luxury resort to be built in Bermuda in 35 years, pending approval by government agencies. The Jumeirah Southlands Resort will raise global awareness of Jumeirah as it brings a new standard of luxury resort experience to one of the most enduringly popular vacation destinations in the Americas. ...
John Fitzpatrick Appointed To IH/M&RS Board Of Directors / February 2007
January 30, 2007
Hotel Online Special Report John Fitzpatrick Appointed To IH/M&RS Board Of Directors WHITE PLAINS, NY, February 15, 2007 - John Fitzpatrick, CEO of the Fitzpatrick Hotel Group, has been appointed to the Board of Directors for the 2007 International Hotel/Motel & Restaurant Show (IH/M&RS®), bringing with him a wealth of industry experience and insight. Fitzpatrick joins eight other hospitality industry veterans who will lead efforts for the 92nd annual IH/M&RS, taking place November 10-13, 2007, at New York City’s Jacob K. Javits ...
Job Applications Talk. Hotel HR Managers Are You Listening? / Joseph M. Gravish, / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive Job Applications Talk. Hotel HR Managers Are You Listening? By Joseph M. Gravish, February 2007 Its that time again, Mr. or Ms. Manager. Time for you to suck it up and wade through that stack of job applications. Youve lost more staff again. Youre frustrated watching newly hired employee after employee come and go. No sooner do you get them trained and they leave. What can you do? As an HR professional I hear you complain all the time. You dont have time to reflect seriously about the reasons your people leave. You have a real job to do. Guest rooms need to b...
Jan Stuart Named DOS and Daniel Millaire Appointed F&B Director at The George, Christchurch, New Zealand / February 2007
January 30, 2007
Hotel Online News for the Hospitality Executive Jan Stuart Named DOS and Daniel Millaire Appointed F&B Director at The George, Christchurch, New Zealand 27 February 2007 - The George, Christchurch General Manager, Bruce Garrett has announced the new appointments of two senior managers. The George was last month voted New Zealand's best hotel by US Conde Nast Traveler magazine in its prestigious 2007 Gold List. Jan Stuart has joined The George as Director of Sales and Marketing. She has had extensive sales and marketing experience within the hotel industry, and comes to The George after 10 years at Chateau on the Park, Christch...
Jan McCormick Appointed General Manager at Zermatt Resort & Spa, Midway, Utah / February 2007
January 30, 2007
Hotel Online Special Report Jan McCormick Appointed General Manager at Zermatt Resort & Spa, Midway, Utah . MIDWAY, Utah - Zermatt Resort & Spa, a DOLCE Hotel, Resort & Conference destination, has hired Jan McCormick as General Manager. McCormick joins Zermatt with 27 years of management experience at luxury hotels and resorts, most recently as the regional director of operations for Gemstone Resorts International. In this capacity he oversaw direction for four California hotels the Hotel Mosaic in Beverly Hills, Forrest Suites Resort in South Lake Tahoe, Pala Mesa Golf Resort in Fallbrook, and Lake Ar...
Josef Kufer Named Senior Vice President Africa for Mövenpick Hotels & Resorts / February 2007
January 30, 2007
Hotel Online Special Report Josef Kufer Named Senior Vice President Africa for Mövenpick Hotels & Resorts February 2007 - The German national Josef Kufer is promoted to the position of Senior Vice President Africa as of 12 February 2007 and becomes a member of the Executive Committee of the Swiss international hotel group. In this position he replaces Bernard Granier, who will continue to act as a consultant to Mövenpick Hotels & Resorts. Josef Kufer, who will be based in Cairo, will be in charge of the hotels in Morocco, Mauritius, Tanzania and Tunisia as well as the future projects in Africa. Following the rapid gr...
José Carrasco Named Director of Operations for Karisma's Azul Hotel Brand / February 2007
January 30, 2007
Hotel Online Special Report José Carrasco Named Director of Operations for Karisma's Azul Hotel Brand (MIAMI, February 5, 2007) Karisma Hotels and Resorts, the premier luxury hotel group in the Riviera Maya, Mexico, is pleased to announce the appointment of José Carrasco to the position of Director of Operations. With over 24 years experience in the hotel industry, Carrasco has been instrumental in the successful operation of five-star resorts throughout the Caribbean. In his new role, Carrasco will provide operational leadership and new business development for Karismas Azul Brand Hotels: Azul Blue...
