Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
Hotels Are Hot; Pritzkers Could Find Timing Right for Hyatt IPO / April 2006
February 28, 2006
Hotel Online News for the Hospitality Executive By Barbara Rose, Chicago Tribune Knight Ridder/Tribune Business News April 12, 2006 - Hotels are hot: Occupancies and room rates continue to rise, and room demand is forecast to grow faster than the industry's historical average through 2007, experts say. Meanwhile, merger and acquisition activity is brisk. Large private-equity investors continue prowling for hotel properties, and public chains trade at high multiples. All this adds up to a potentially rich payout for members of Chicago's billionaire Pritzker family, whose principal holding, Global Hyatt Corp.,...
Study: Hotel Housekeeper Work is Dangerous; Majority of Housekeepers Cope with Persistent Pain on the Job / April 2006
February 28, 2006
Hotel Online Special Report Study: Hotel Housekeeper Work is Dangerous; Majority of Housekeepers Cope with Persistent Pain on the Job NEW YORK, April 24, 2006 - A new study, "Creating Luxury, Enduring Pain" couples new research with the stories of hotel housekeepers to paint a dramatic picture of the work of a hotel housekeeper. Findings show that behind the luxury and comfort that housekeepers provide for hotel guests is a pattern of persistent pain and injury. The report utilizes the first comprehensive analysis of employer records of worker injuries, including records of the major five hotel companies. The analysi...
Spacious Shower or an Old-fashioned Tub; Marriott Designing Shower-only Rooms / April 2006
February 28, 2006
Hotel Online News for the Hospitality Executive By Douglas Hanks III, The Miami Herald Knight Ridder/Tribune Business News Apr. 10, 2006 - Those of you looking forward to winding down in a hotel room with a hot bath -- well, you'd better call ahead first. Hotels are ripping out tubs in order to give guests roomier showers and tidier, modern bathrooms. The trend toward shower-only rooms comes as hotels increasingly see a bath as a dated ritual and tubs as an unused and inconvenient amenity. The business-traveler mind-set looms large in these calculations....
Hotel Revenue Management. . . The Way I See It / Neil Salerno / April 2006
February 28, 2006
Hotel Online Special Report Hotel Revenue Management. . . The Way I See It By: Neil Salerno April 2006 The way I see it, there are almost as many versions of revenue management as there are people actually using it. Whether its referred to as yield management or revenue management, its obvious that it means different things to different people, but no matter what definition or tasks are applied to revenue management; it can work magic if its applied correctly and consistently. The way I see it, the process of managing the flow of ones business revenues can and, possibly, should be tailored to the ind...
The Top Ten Most Memorable Hotel Movie Scenes Ever / April 2006
February 28, 2006
Hotel Online Special Report The Top Ten Most Memorable Hotel Movie Scenes Ever 10th Apr 2006 - The steamy image of Julia Roberts and Richard Gere in a luxurious bubble bath has been named the best hotel scene in a movie ever, according to a new poll. The romantic tale of the Hollywood hooker who lived it up in a penthouse suite and fell for the rich business man Edward Lewis has made Pretty Woman one of the greatest chick-flicks of all time. The 1990 blockbuster was set in the grandeur of plush Los Angeles hotel the Regent Beverly Wilshire and saw Julia Roberts' character Vivien go from a broke prostit...
The Big Chains Reaching Out to Blacks, Latinos to Franchise their Brands; Of 50,000 Hotels in the United States, Fewer than 100 are Majority Black O
February 28, 2006
Hotel Online News for the Hospitality Executive By Leon Stafford, The Atlanta Journal-Constitution Knight Ridder/Tribune Business News Apr. 5, 2006 - After a tough three years of low occupancy and dwindling revenue, the hotel industry is bouncing back, and it's looking to black and Latino investors to help boost growth. The big chains -- from Marriott to Hilton to Holiday Inn -- are reaching out to minorities to franchise their brands and bring more rooms to a town near you. The reason is simple: Room demand is growing and the $114 billion hotel industry needs...
The Former Owner of the Hotel Europa in Raleigh, North Carolina Charged with Embezzlement of $69,000 in State and County Taxes / April 2006
February 28, 2006
Hotel Online News for the Hospitality Executive By Sam LaGrone, The News & Observer, Raleigh, N.C. Knight Ridder/Tribune Business News Apr. 12, 2006 - The owner of a failed North Raleigh hotel was charged Thursday with embezzlement of $69,000 in state and county taxes. Dwight Elam, head of Northeast Investments, a Henderson company that ran the Hotel Europa on Capital Boulevard, was arrested Friday by agents of the state Department of Revenue. The three counts of felony embezzlement stemmed from the hotel's operation, said Tom Dixon, director of the Department...
Affiliate of Oxford Capital Group Acquries the Historic Hotel Cass in Downtown Chicago / April 2006
February 28, 2006
Hotel Online Special Report Affiliate of Oxford Capital Group Acquries the Historic Hotel Cass in Downtown Chicago Chicago (April 13, 2006) - HCP Oxford OBG Cass Property Company, LLC., which is affiliated with Chicago-based Oxford Capital Group, LLC, has purchased the historic Hotel Cass located at 640 North Wabash, in the burgeoning River North section of downtown Chicago. We are excited to be acquiring the Hotel Cass. We expect to strategically reposition the asset to maximize its potential and to take advantage of the improving fundamentals in the downtown Chicago hotel market, said John W. Rutled...
Investcorp and Ceebraid-Signal Acquire Holiday Isle Property in Florida Keys for $98 Million; Property to Be Redeveloped into Luxury Condominium Hotel
February 28, 2006
Hotel Online Special Report Investcorp and Ceebraid-Signal Acquire Holiday Isle Property in Florida Keys for $98 Million; Property to Be Redeveloped into Luxury Condominium Hotel and Marina Resort NEW YORK and WEST PALM BEACH, Fla., April 27, 2006 - Investcorp, a global investment group whose real estate team is based in New York, and Ceebraid-Signal Corporation, a real estate management and development company with offices in West Palm Beach, Florida, Freeport, New York and Stamford, Connecticut, today announced the acquisition of Holiday Isle, an existing 151- room hotel and marina complex located on Islamorada in the ...
To Improve Travel Agent Loyalty, the Hilton Family of Hotels Now Offers All North American Hotels with the Travel Agency Commission Settlement (TACS)
February 28, 2006
Hotel Online Special Report To Improve Travel Agent Loyalty, the Hilton Family of Hotels Now Offers All North American Hotels with the Travel Agency Commission Settlement (TACS) Service BEVERLY HILLS, Calif. - April 20, 2006 -- Hilton Hotels Corporation, a worldwide leader in business and leisure hospitality, announced today that it will offer exceptional Travel Agency Commission Processing and an online resource for agencies and hotels to track their incoming and outgoing commissions and process future meeting planner commissions, at www.tacsnet.com. Initially, all hotels in the United States and Canada wi...
Hilton Hotels Corp Domestic Asset Sales Program Virtually Complete, Focus Switches to Disposition of Certain International Hotel Properties / April 20
February 28, 2006
Hotel Online Special Report Hilton Hotels Corp Domestic Asset Sales Program Virtually Complete, Focus Switches to Disposition of Certain International Hotel Properties Sells 9 Hotels from August 2005 - March 2006 for $828 Million Focus Shifts to International Assets BEVERLY HILLS, Calif - April 17, 2006 -- The asset disposition strategy announced by Hilton Hotels Corporation (NYSE:HLT) in late 2004 continues to be executed successfully. Since last summarizing asset sales (July 2005), the company has sold an additional nine properties between August 2005 and March 2006 for a combined $828 million. Net proceeds ...
The Peabody Hotel Group Names the Hilton Greenville, South Carolina the PHG Hotel of The Year, 2005 / April 2006
February 28, 2006
Hotel Online Special Report The Peabody Hotel Group Names the Hilton Greenville, South Carolina the PHG Hotel of The Year, 2005 Natick, Massachusetts. APRIL 14, 2006. The Peabody Hotel Group has named the Hilton Greenville on West Orchard Park Drive, Greenville as its PHG Hotel of The Year, 2005. The Hilton Sales Team also won an unprecedented four Sales awards, including the companys Sales Team of the Year, 2005 award in a surprise ceremony that took place on March 29 at the hotel. Bill Bennett, a long time member of the hotel team and a highly respected member of the Greenvill...
Hospitality eBusiness Strategies to Present Internet Strategy Workshop at Economy & Budget Hotels World 2006 in London / April 2006
February 28, 2006
Hotel Online Special Report Hospitality eBusiness Strategies to Present Internet Strategy Workshop at Economy & Budget Hotels World 2006 in London . Internet strategies to boost revenues and property valuations highlighted New York, NY April 12, 2006 Hospitality eBusiness Strategies (HeBS), a leading Internet, eMarketing and eDistribution consulting firm for the hospitality industry, today announced the firm will present a one-day workshop at Economy & Budget Hotels World 2006, being held on June 13-15, at the Royal Garden Hotel in London. The workshop will be conducted by Max Starkov, HeBS President and CEO, ...
The Victorian Resort & Conference Center in Galveston Adds Hawthorn Suites to Its Name / April 2006
February 28, 2006
Hotel Online Special Report The Victorian Resort & Conference Center in Galveston Adds Hawthorn Suites to Its Name ATLANTA (April 10, 2006) - With $2 million in renovations, Texas' newest Hawthorn Suites has opened at The Victorian Resort & Conference Center at 6300 Seawall Boulevard in Galveston, Texas. Offering a year-round tropical location, the hotel is situated directly across from the beach and the Gulf of Mexico. Hawthorn Suites is the all-suites chain with 20 hotels in Texas and 103 properties open or under construction worldwide. "As the Victorian Resort adds Hawthorn Suites to its name, gu...
Hawaii Taken by Storm; Six Weeks of Rain Leave Fouled Beaches and Ruined Vacations / April 2006
February 28, 2006
Hotel Online News for the Hospitality Executive By Kirsten Scharnberg, Chicago Tribune Knight Ridder/Tribune Business News Apr. 15, 2006 - HONOLULU--The tourism Web site clearly was never updated to reflect the rains that came for more than 40 days and 40 nights, the rains that unleashed dam breaks that killed whole families, the rains that flooded sewer systems and caused these legendary beaches to be contaminated by nearly 50 million gallons of toxic sludge. "The weather in Hawaii is perfect," boasts the site, which ranks fine weather as the No. 1 reason to visit the islan...
The Waterford Group, Owner of the Marriott Hartford, Asks the National Labor Relations Board to Conduct a Vote Among Hotel Employees If They Want to U
February 28, 2006
Hotel Online News for the Hospitality Executive By Jeffrey B. Cohen, The Hartford Courant, Conn. Knight Ridder/Tribune Business News April 19, 2006 - Under pressure by union organizers, the owner of the new Marriott Hartford Downtown made a surprise countermove Tuesday, asking the National Labor Relations Board to conduct a vote asking hotel employees if they want to unionize. "What this does is it squarely puts the decision with the employees," said Len Wolman, chairman and chief executive officer of the hotel's owner, The Waterford Group. "Not with the city, not with the politicians, not with the union, ...
Host Hotels & Resorts Reports First Quarter 2006 Net Income of $172 million, Includes $146 million from Gains on Hotel Dispositions; Comparable RevPAR
February 28, 2006
Hotel Online Special Report Host Hotels & Resorts Reports First Quarter 2006 Net Income of $172 million, Includes $146 million from Gains on Hotel Dispositions; Comparable RevPAR for 98 Hotels Up 7.6% Over Last Year First Quarter Hotel Operating Data BETHESDA, Md., April 26, 2006 - Host Hotels & Resorts, Inc. (NYSE: HST - News), the nation's largest lodging real estate investment trust (REIT), today announced its results of operations for the first quarter ended March 24, 2006. First quarter results include the following: Total revenue increased 7.3% to $848 million for the first quarter of 2006. ...
Hospitality Properties Trust Acquires the 150-room Staybridge Suites in Parsippany, New Jersey for $21 million / April 2006
February 28, 2006
Hotel Online Special Report Hospitality Properties Trust Acquires the 150-room Staybridge Suites in Parsippany, New Jersey for $21 million NEWTON, Mass. - April 17, 2006 -- Hospitality Properties Trust (NYSE: HPT) today announced that it has purchased a 150-room Staybridge Suites hotel in Parsippany, New Jersey for $21 million. The Staybridge Suites Parsippany is a newly developed hotel located just inside Morris Corporate Center, a large corporate office park along Interstate 80. In addition to the 150 guest rooms, this hotel has approximately 1,000 sq. ft. of meeting space, a library, business center, fitness center...
HPT Purchases Two Crowne Plaza Hotels from FelCor for $63 million / April 2006
February 28, 2006
Hotel Online Special Report HPT Purchases Two Crowne Plaza Hotels from FelCor for $63 million NEWTON,Mass. - April 6, 2006 -- Hospitality Properties Trust (NYSE: HPT) today announced that it has purchased two hotels for $63 million. The two purchased hotels are upscale Crowne Plaza Hotels in Miami and Philadelphia. These hotels have 749 rooms/suites and over 23,000 sq.ft. of meeting space. In addition, each of these hotels have exercise rooms/fitness centers, swimming pools, restaurants and lounges. Property details are as follows: . Location Hotel No. of Keys Approx. sq. ft. of Meeting Space No. of Food & ...
Starwood Hotels & Resorts Reports 1st Qtr Net Income Falls to $5 million from $79 million a Year Earlier; Takes a $72 million Expense Related to a cha
February 28, 2006
Hotel Online Special Report Starwood Hotels & Resorts Reports 1st Qtr Net Income Falls to $5 million from $79 million a Year Earlier; Takes a $72 million Expense Related to a Change in Accounting for Timeshare Transactions - Management Fees Grew 55.6% to $56 million and Franchise Fees Grew 20% to $36 million Hotel Operating Results WHITE PLAINS, N.Y. - April 27, 2006 -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT): First Quarter 2006 Highlights Excluding special items, EPS from continuing operations increased 17.1% to $0.41 compared to $0.35 for the first quarter of 2005. Including special items, EPS from ...
Harrah's Selects Hotel Booking Solutions Incorporated for Room Demand Management Solution / April 2006
February 28, 2006
Hotel Online Special Report Harrah's Selects Hotel Booking Solutions Incorporated for Room Demand Management Solution Atlanta (April 5, 2006) Hotel Booking Solutions Incorporated (HBSI), the leading provider of Demand ManagementSM technologies and services to the global travel industry, announced today it has signed an agreement with a subsidiary of Harrahs Entertainment, Inc. (NYSE: HET), the worlds largest provider of branded casino entertainment, to provide advanced Demand Management solutions for Harrahs 34 domestic casino resorts. HBSI will work with Harrahs to maximize resort room revenue and pr...
The Hotel Association of New York City Begins Negotiations with the Hotel Trades Council On a New Labor Contract for Hotel Employees / April 2006
February 28, 2006
Hotel Online Special Report The Hotel Association of New York City Begins Negotiations with the Hotel Trades Council On a New Labor Contract for Hotel Employees NEW YORK, April 5, 2006 - The Hotel Association of New York City (HANYC) began labor negotiations today with the Hotel Trades Council on a new labor contract for hotel employees. The current labor contract expires at midnight on June 30th. Joe Spinnato, President and CEO of HANYC stated, "The hotels involved in the negotiations respect and appreciate their employees. The bargaining committee looks forward to sitting at the table with the Hotel Trades ...
February 28, 2006
Hotel Online Special Report The Greatest Bellman I Ever Met by Bryan K. Williams, April 2006 In my current role as corporate director of training and organizational effectiveness, I travel quite regularly, and am able to experience service at some of the finest hotels in the world. In fact, I consider myself to be an expert in not only assessing world-class service, but delivering world-class service as well. During a recent business trip to Chicago, Illinois, I stayed at one of that citys finest hotels, and was thoroughly impressed with the flawless execution of virtually every service detail. Particu...
February 28, 2006
Hotel Online Special Report Global Update: Whos Where and Doing What April 2006 Heads Above the Rest The Newsletter of The Boutique Search Firm The Americas Rob Katz has been named Chief Executive Officer of Vail Resorts replacing Adam Aron. Katz, 39, held key positions in the past with Apollo Management and Drexel Burnham Lambert. Meanwhile at Vail Resorts' subsidiary Rockresorts, President (and Cornell graduate) Ed Mace has resigned, and former Vice President of Operations William Hall has been promoted to Vice President of Lodging, Vail Resorts. Steve Giblin has been promoted from President t...
