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November 4th, 2024
Hotel Source Closes 6th Wisconsin Dells Transaction / June 2006
February 28, 2006
Hotel Online Special Report Hotel Source Closes 6th Wisconsin Dells Transaction CHICAGO - June 26, 2006 Hotel Source, Inc. closed on the sale of the 124-room Super 8 Wisconsin Dells, Wisconsin. The hotel was purchased by a private investment group and was previously owned by a regional management firm. Steve Marx and Seth Glickman of Hotel Source, Inc. handled the sale. The hotel was sold for $2,400,000, which represented an 8.4 capitalization rate and a 2.61 room revenue multiplier. The Super 8 is situated in a highly visible location on Interstate-90/94. The three-story property was built in 1981, with a new lo...
Hotel Source, Inc. is Pleased to Announce its 6th Successful Hotel Sale in the Wisconsin Dells / June 2006
February 28, 2006
Hotel Online Special Report Hotel Source, Inc. is Pleased to Announce its 6th Successful Hotel Sale in the Wisconsin Dells SOLD The 124-room Super 8 - Wisconsin Dells was built in 1981 and enjoys a superior location along I-90/94. Steve Marx and Seth Glickman of Hotel Source, Inc. handled the sale on behalf of a regional management firm. For the full release go to: http://www.hotelsource.com/es/Dells_Super8_MediaPressRelease.pdf Contact: Hotel Source, Inc. P 312 362 0624 F 312 362 0628 info@hotelsource.com www.hotelsource.com ...
Create a Successful Hotel Restaurant / By Robert R. Cohn, ex-Food and Beverage Director / June 2006
February 28, 2006
Hotel Online Special Report Create a Successful Hotel Restaurant By Robert R. Cohn, ex-Food and Beverage Director June 2006 There are more and more people these days, which advocate you, outsource the hotels restaurant. Owners today, often think that you dont know how to run a proper and profitable restaurant. They will compare your revenue to one of the big guys revenue in cities like New York, or Chicago, and tout that they have revenues of $12,000,000 per year, versus your dismal $1,000,000 per year. It doesnt have to be like this. You might be in a smaller city, or you might just happen to operate a resort...
Hotel Management Fees on the Rise, Incentive Clauses Triggered In 2005 / June 2006
February 28, 2006
Hotel Online Special Report Hotel Management Fees on the Rise, Incentive Clauses Triggered In 2005 ATLANTA, Ga., June 13, 2006 U.S. hotel owners paid management companies 8.9 percent more to operate their properties in 2005 than they did in 2004 according to the recently released 2006 edition of Trends in the Hotel Industry published by PKF Hospitality Research (PKF-HR), an affiliate of PKF Consulting. This increase in management company compensation occurred during a year when hotel revenues grew just 8.8 percent, and profits jumped 15.5 percent. Typically, growth in management fee compensation c...
Hotel HDTV: The Picture is Getting Clearer / June 2006
February 28, 2006
Hotel Online Special Report Hotel HDTV: The Picture is Getting Clearer . In-Room Entertainment Provider Remains A Crucial Resource As Competitive Pressures, Increased Content Availability And Improving Economics Drive Hotel HD Adoption By Dave Bankers, June 2006 In less than three years, hotel industry perception of high-definition television (HDTV) has shifted from a maybe someday proposition to a mainstream issue and for more and more hoteliers, a mandated guest room requirement. One driver behind HDTV adoption is the Federal Communications Commission (FCC) mandate that by mid-2007, all newly built televis...
Chefs Rick Tramonto and Gale Gand Joining Other Celebrity Chefs in the Trend that is Transforming Hotel Dining; Marriage Between Hotels and Celebrity-
February 28, 2006
Hotel Online News for the Hospitality Executive By Kathy Bergen, Chicago Tribune Knight Ridder/Tribune Business News June 18, 2006 - What starts in Vegas doesn't always stay in Vegas--and that appears to be increasingly true when it comes to celebrity chefs opening restaurants at hotels. Michelin three-star chef Joel Robuchon is coming to the Four Seasons Hotel in New York, joining the likes of Todd English and Alain Ducasse, whose restaurants at the W Hotel in Union Square and the Essex House, respectively, have been hugely successful. Top-name chefs are transforming hotel dining in other major markets...
Hotel Concepts to Reveal Smart Client Enterprise Solution at HITEC 2006 / June 2006
February 28, 2006
Spot Light HITEC 2006 Hotel Concepts to Reveal Smart Client Enterprise Solution at HITEC 2006 Booth # 1041 ATLANTA JUNE 13, 2006 Hotel Concepts, a leading global provider of property management/CRS technology and software solutions for the hospitality industry, is set to reveal its latest Hospitality Enterprise Solution at HITEC 2006. The new range of products consists of CRS, PMS and CRM modules, all of which will be in full release before the end of 2006. The PMS module will be on display in the Hotel Concepts booth #1041 at HITEC, which takes place June 19-22 in Minneapolis. This Smart Client development concept ...
Hotel Concepts Awarded Microsoft® Gold Partner Status / June 2006
February 28, 2006
Spot Light HITEC 2006 Hotel Concepts Awarded Microsoft® Gold Partner Status Booth # 1041 BREDA, THE NETHERLANDS JUNE 15, 2006 Hotel Concepts, a leading global provider of property management/CRS technology and software solutions for the hospitality industry, recently announced that the company has been awarded Gold Certified Partner status by Microsoft®, the highest level of Microsoft's Partner Program status available for independent software vendors. This prestigious award recognizes the company's advanced competency in both providing custom build software and services. As a Gold Certified Partner, Hotel Concepts...
HITEC 2006 Held in Minneapolis Draws 4,700 Attendees; HITEC 2007 Set for Orlando, Florida on June 25-28, 2007 / June 2006
February 28, 2006
Hotel Online Special Report HITEC 2006 Held in Minneapolis Draws 4,700 Attendees; HITEC 2007 Set for Orlando, Florida on June 25-28, 2007 AUSTIN, TX; June 27, 2006 - Thousands of hospitality professionals arrived at the Hospitality Industry Technology Exposition and Conference (HITEC®) with intentions to invest in new technology. HITEC 2006, produced by Hospitality Financial and Technology Professionals (HFTP®) was held at the Minneapolis Convention Center and featured more than 600 booths with 4,700 attendees. This year's succes was illustrated by the record-breaking 500 booths reserved for next year by the end of...
An American Love Affair with Pubs and Bars; National Trust Historic Hotels of America Showcases Many Legendary Bars / June 2006
February 28, 2006
Hotel Online Special Report An American Love Affair with Pubs and Bars . National Trust Historic Hotels of America Showcases Many Legendary Bars WASHINGTON, D.C., June 12, 2006 Since the days when the Founding Fathers gathered in local taverns to voice their dissention and hatch a new Republic, Americans have had a love affair with pubs and bars. Many of these watering holes can be found in historic hotels across the country, where movers and shakers have mingled with tradesmen and tourists. Through war and peace, prohibition and segregation, these hotels have been the perfect host, offering cold drinks and convivi...
Shanxi Jinhao International Hotel Company Limited Signs Hilton Hotels Corporation to Manage 450 Hilton in Taiyuan, Capital of Shanxi Province in China
February 28, 2006
Hotel Online Special Report Shanxi Jinhao International Hotel Company Limited Signs Hilton Hotels Corporation to Manage 450 Hilton in Taiyuan, Capital of Shanxi Province in China Singapore, 7 June 2006 Hilton Hotels Corporation, the worlds leading hospitality company, and Shanxi Jinhao International Hotel Company Limited announced the signing of an agreement for Hilton to manage the Hilton Taiyuan Hotel, the latest and most luxurious hotel development in the rapidly growing city of Taiyuan, capital of Shanxi Province in China. Scheduled to open in early 2009, Hilton Taiyuan will be the firs...
Fraport AG, Owner of the Frankfurt Airport, Signs Hilton International to Operate Two New Build Hotels on the Airport – a 314-room Hilton Garden
February 28, 2006
Hotel Online Special Report Fraport AG, Owner of the Frankfurt Airport, Signs Hilton International to Operate Two New Build Hotels on the Airport - a 314-room Hilton Garden Inn Sitting Alongside a 247-room Hilton Hotel 22 June, 2006 - Frankfurt Hilton International has today announced the development of the first Hilton Garden Inn outside North America; the new mid-market hotel is due to open in Spring 2009 at Frankfurt International Airport, Germany. Hilton has been awarded a long-term management agreement for two new hotels on the airport site - a 314-room Hilton Garden Inn sitting alongside a 247-room Hilt...
Managed by Columbia Sussex Corporation, the Former Wyndham Boston Now Operating as Hilton Boston Financial District / June 2006
February 28, 2006
Hotel Online Special Report Managed by Columbia Sussex Corporation, the Former Wyndham Boston Now Operating as Hilton Boston Financial District BOSTON - June 14, 2006 -- Hilton Hotels (NYSE:HLT) has announced that Boston's first skyscraper is playing a role in today's news by becoming the Hilton Boston Financial District, an upscale 362-room hotel that serves as a beacon for the exciting redevelopment of the neighborhood. Built in 1928 and located at 89 Broad Street, the Hilton Boston Financial District sits at the heart of the city's Crossroads Initiative, which aims to make Boston an even more pedestrian-friendly c...
Interstate Hotels & Resorts Acquires the 131-room Hilton Garden Inn in Baton Rouge, La. for $14.4 million, $110,000 per key / June 2006
February 28, 2006
Hotel Online Special Report Interstate Hotels & Resorts Acquires the 131-room Hilton Garden Inn in Baton Rouge, La. for $14.4 million, $110,000 per key ARLINGTON, Va., June 27, 2006Interstate Hotels & Resorts (NYSE: IHR), the nations largest independent hotel management company, today announced that it has acquired the 131-room Hilton Garden Inn in Baton Rouge, La. for $14.4 million, or $110,000 per key. The purchase price is approximately 9.0x projected 2006 EBITDA of $1.6 million (operating income of $1.1 million plus $0.5 million of depreciation expense). The acquisition was funded with a combination ...
February 28, 2006
Hotel Online Special Report Highland Hospitality Names Graham Wootten Vice President and Corporate Controller and Sean DellOrto as Vice President and Treasurer McLean, VA June 13, 2006 Highland Hospitality Corporation (NYSE:HIH), a lodging real estate investment trust, or REIT announced today the promotion of two new Vice Presidents. Graham Wootten has been promoted to Vice President and Corporate Controller, and Sean DellOrto has been promoted to Vice President and Treasurer. We are pleased to announce these two promotions within our organization. Both Graham and Sean have been with Highland Hospital...
February 28, 2006
Hotel Online Special Report Experts: Chains Leave Group Money on the Table . Manugistics Webinar team decodes group pricing; 'total property spend is new measure By Graham Young, June 16, 2006 Attracting - and winning - profitable corporate group business is essential for much of the hotel industry, but manual group rate setting and evaluation processes may be costing hotels money. Corporate travel is increasing groups now constitute 30-40 percent of the occupancy at the average North American hotel of 200-400 rooms. At the same time, in a recent survey 70 percent of properties said group rates are highe...
City of San Jose Not Sure What to Do with the Historic and Financially Struggling Dolce Hayes Mansion Hotel and Conference Center; Annual Subsidy Ex
February 28, 2006
Hotel Online News for the Hospitality Executive By John Woolfolk, San Jose Mercury News, Calif. Knight Ridder/Tribune Business News June 19, 2006 - San Jose officials Tuesday are expected to increase the subsidy for the city's historic and financially struggling Hayes Mansion hotel conference center by $450,000 to $2.4 million -- and that's only for the current budget year that ends this month. The subsidy is expected to nearly double in the next budget year to $4.2 million. City officials say Dolce International, which has run the conference center since 2004, has m...
A Good First Year for Harford's Connecticut Convention Center, However Unsettled Questions Threaten Continued Progress / June 2006
February 28, 2006
Hotel Online News for the Hospitality Executive By Jeffrey B. Cohen, The Hartford Courant, Conn. Knight Ridder/Tribune Business News June 5, 2006 - A year after the ribbon was cut, the Connecticut Convention Center has begun to do what it promised -- put feet on Hartford's streets, lay heads on Hartford's hotel beds and inject the city's downtown with new life. Bringing fencers and robotics teams, corporate lunches and groundskeepers, boaters and veterinarians, the center has hosted more than twice as many events as anticipated. Demand for city hotel rooms and the prices for those rooms increased at significan...
The Harrah's Employee Recovery Fund Distributed $6.6 million in Relief Funds to Non-management Employee Impacted by Hurricanes Katrina and Rita /
February 28, 2006
Hotel Online Special Report The Harrah's Employee Recovery Fund Distributed $6.6 million in Relief Funds to Non-management Employee Impacted by Hurricanes Katrina and Rita LAS VEGAS - June 13, 2006 -- Continuing efforts to provide assistance to those hardest hit by Hurricanes Katrina and Rita, the Harrah's Employee Recovery Fund (HERF) recently issued $2.1 million in assistance to nearly 2,800 current and former employees of Harrah's Entertainment, Inc. (NYSE:HET) and its subsidiaries. The distribution is the second made by the HERF, which previously paid $4.5 million to 3,600 employees. Any non-management employee imp...
Bucharest InterContinental General Manager, Hans-Rudolf Rutti, Discusses His Management Style and the Ongoing Renovations at One of the Most Famous
February 28, 2006
Hotel Online News for the Hospitality Executive By Denisa Maruntoiu, Bucharest Daily News, Romania Knight Ridder/Tribune Business News Jun. 27, 2006 - Swiss Hans-Rudolf Rutti was handed the key to one of the most famous hotels in Romania, the Intercontinental, at the end of 2005. Since then, the hotel, which for a long time was the only beacon of democracy in Romania, has been subjected to various face-lifting surgeries which aim at retrieving the hotel's once-famous glamour. Bucharest Daily News tried to find out the ingredients the new general manager plans to use for achi...
John Q. Hammons Considering a Second Hotel In Colorado Springs, Colorado / June 2006
February 28, 2006
Hotel Online News for the Hospitality Executive By Rich Laden, The Gazette, Colorado Springs, Colo. Knight Ridder/Tribune Business News Jun. 13, 2006 - A Missouri hotelier who plans to develop a north-side Colorado Springs hotel is interested in building another in southwest downtown, which could launch the area's redevelopment. "I am seriously considering it, yes I am," John Q. Hammons said Monday in a telephone interview from his Springfield, Mo., office. Hammons, who said in March that he plans a 320-room hotel and conference center as part of the InterQuest...
Himanshu Vahal Appointed Chef of the Hilton Garden Inn in Greenbelt, Maryland / June 2006
February 28, 2006
Hotel Online Special Report Himanshu Vahal Appointed Chef of the Hilton Garden Inn in Greenbelt, Maryland Richmond, VA (June 2006) - Shamin Hotels today announced the hiring of Himanshu Vahal as the Chef of the new Hilton Garden Inn in Greenbelt, Maryland. Shamin Hotels, based in Richmond, Virginia, currently has 24 properties in the U.S. and has plans to double the size of its portfolio over the next five years. Hiring a top-quality chef for the company's new flagship hotel was a priority. "We were searching for the best of the best," said Neil Amin, Chief Operating Officer of Shamin Hotels. "We are truly...
HVS International Honors the Board of Directors of Four Seasons Hotels Corp. and Hilton's Steve Bollenbach with Lodging Leadership Awards / June
February 28, 2006
Hotel Online Special Report HVS International Honors the Board of Directors of Four Seasons Hotels Corp. and Hilton's Steve Bollenbach with Lodging Leadership Awards June 5, 2006 - HVS Executive Search, a division of the global hotel consulting firm HVS International, has honored Four Seasons Hotels and Resorts (NYSE: FS) as the lodging industrys top performing board of directors for the year 2005 and Stephen Bollenbach, chief executive officer of Hilton Hotels Corporation (NYSE: HLT), as the lodging industry's top performing chief executive officer of 2005. Top Performing Board of Directors Keith Kefgen, presiden...
Hotel Technology Next Generation (HTNG) Unveiling New Initiatives at HITEC® 2006 / June 2006
February 28, 2006
Hotel Online Special Report Hotel Technology Next Generation (HTNG) Unveiling New Initiatives at HITEC® 2006 CHICAGO (June 8, 2006) -- Hotel Technology Next Generation (HTNG) announced its plan for showcasing, at HITEC® 2006 in Minneapolis, the results of its past year of efforts to achieve systems interoperability. Several of HTNGs members who have implemented approved approaches will be demonstrating these at the HTNG Booth #941 at the Minneapolis Convention Center on June 20-22. New Product and Interoperability Demonstrations Five new interoperability demonstrations are planned for 2006, plus the refinem...
