Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
American Property Management Corp. Adding a 23,000 Sq Ft Water Park to the Carlisle Hotel & Conference Center, Albuquerque / March 2006
January 30, 2006
Hotel Online News for the Hospitality Executive By Richard Metcalf, Albuquerque Journal, N.M. Knight Ridder/Tribune Business News Mar. 15, 2006 - ALBUQUERQUE, N.M. -- Imagine barreling down a water slide, curving this way and that before landing with a splash in a pool. Only it's December. In 2007, that will be possible at a 23,000-square-foot indoor water park planned for what is now the Carlisle Hotel & Conference Center at Interstate 40 and Carlisle NE. "These have become sensational regional draws," said Michael Gallegos, president of San Diego-based Amer...
Accor Agrees to a Sale & Management Back of Six Sofitel Hotels in the US; Sales 76 French and Belgium Hotels to Fonciere des Murs / March 2006
January 30, 2006
Hotel Online Special Report Accor Agrees to a Sale & Management Back of Six Sofitel Hotels in the US; Sales 76 French and Belgium Hotels to Fonciere des Murs March 6, 2006 Accor Sales 76 Hotel Properties to Fonciere des Murs As part of its real estate management strategy, Accor has signed a memorandum of understanding to sell hotel properties to Fonciere des Murs. The transaction, with a market value of EUR 583 million, concerns 59 hotels and 5 Thalassotherapy institutes in France and 12 hotels in Belgium, for a total of 8,300 rooms. Accor will continue to manage the hotels under the Novotel, Mercure and Ibis names....
The Erawan Group Planning 10 New IBIS Branded Hotels in Thailand; Each Property Will be 200-250 rooms and Cost Between US$7.8 to US$10.4 million / Mar
January 30, 2006
Hotel Online Special Report The Erawan Group Planning 10 New IBIS Branded Hotels in Thailand; Each Property Will be 200-250 rooms and Cost Between US$7.8 to US$10.4 million BANGKOK, 29 March 2006 Accor and Thailands Erawan Group PLC have signed a memorandum of understanding to develop a network of up to 10 Ibis economy hotels in six major destinations including Bangkok, Pattaya, Phuket, Koh Samui, Chiang Mai and Krabi. The move is intended to tap a forecasted surge in budget and business travel to Thailand, particularly from China and India. The agreement calls for 6 Ibis hotels to be opened by 2008 an...
Accor 2005 Results; Hotels and Services the Growth Drivers, Planning to Divest Between 2005 and 2008, Around €1,500 million in Assets / March 200
January 30, 2006
Hotel Online Special Report Accor 2005 Results; Hotels and Services the Growth Drivers, Planning to Divest Between 2005 and 2008, Around €1,500 million in Assets Paris, March 8th, 2006 2005 Financial Results 2005 Consolidated revenue rose by 7.9% to €7,622 million. At constant scope of consolidation and exchange rates, the increase was 4.7%. Ebitdar (earnings before interest, taxes, depreciation, amortization and rental expense) totaled €1,986 million, an increase of 8.8% and Ebitdar margin stood at 26.1% of revenue. Profit before tax and non recurring items rose by 17.6% to €603 million. The ...
Twelve Atlantic City Casinos Do the Unimaginable, All Gambling Operations Ceased; First Citywide Shutdown in Atlantic City's 28-year Casino His
January 30, 2006
Hotel Online News for the Hospitality Executive By Suzette Parmley, The Philadelphia InquirerMcClatchy-Tribune Business News Jul. 5, 2006--ATLANTIC CITY -- The casinos here did the unimaginable this morning and ceased all gambling operations amid a state budget impasse that idled New Jersey's gambling inspectors. Security guards at the Borgata Hotel Casino & Spa and at the 11 other gambling halls in the resort, began escorting gamblers off the floor even before the scheduled 8 a.m. deadline, re-routing them to non-gaming areas of their casinos. All hotels, restauran...
Founded in 1994, Winston Hotels Building a National Platform / January 2006
January 30, 2006
Hotel Online News for the Hospitality Executive By Dudley Price, The News & Observer, Raleigh, N.C. Knight Ridder/Tribune Business News Jan. 3, 2006 - RALEIGH -- Winston Hotels, which began as a handful of North Carolina inns, in 2005 spent $164 million adding to a portfolio that consists of 57 hotels in 18 states. During the year, the Raleigh-based real estate investment trust bought eight properties, and began development on four others in its most ambitious expansion. "It's 11 1/2 years of building a national platform, and it's beginning to bear some fruit," said CEO Rob...
Recognizing the Moments of Truth for Your Hotel Guests / Rick Hendrie / January 2006
January 30, 2006
Hotel Online Special Report Recognizing the Moments of Truth for Your Hotel Guests by Rick Hendrie, January 2006 One of the essential elements in every business is to recognize where the Moments of Truth are for your guest. One could make a case that every moment is a crucible which may tip the consumer up or down the Raving Fandom Ladder, which looks something like this: . . Ultimately, it takes that kind of fanaticism, where every moment is The Moment of Truth, to create masterful brand experiences, where your guests are committed Raving Fans, evangelizing to the world the wonders to be found with...
Windsor Capital Group Enlists StayOnline as Preferred Wireless Provider; StayOnline Continues to Dominate Hospitality Industry Niche / January 2006
January 30, 2006
Hotel Online Special Report Windsor Capital Group Enlists StayOnline as Preferred Wireless Provider . StayOnline Continues to Dominate Hospitality Industry Niche ATLANTA January 2006 - StayOnline, the premier provider of wireless High-Speed Internet Access (HSIA) to the hospitality industry in North America, has been named preferred provider for the Windsor Capital Group (WCG). Windsor Capital Group, Inc., a privately owned hotel ownership and management company, operates 26 hotels across North America. StayOnline has already installed its state-of-the-art HSIA at four WCG properties, including Courtyard by Mar...
January 30, 2006
Hotel Online Special Report MSIs WinPM to Become the First-Ever Brand Standard PMS Platform for Hawthorn Suites Hotels . All Hawthorn Suites locations in U.S. to be converted to MSIs property management system by June 1st PHOENIX JANUARY 18, 2006 Multi-Systems Inc (MSI), and US Franchise Systems, Inc. (USFS), parent company and franchisor of Hawthorn Suites, have announced that all Hawthorn Suites hotels in the U.S. will transition to MSIs industry-leading WinPM system by June 1, 2006. The conversion represents the first time the entire Hawthorn Suites brand will be required to employ a common system...
HEI Hospitality to Acquire Westin Minneapolis Upon Completion of Conversion of Landmark F&M Bank Building in 2007 / January 2006
January 30, 2006
Hotel Online Special Report HEI Hospitality to Acquire Westin Minneapolis Upon Completion of Conversion of Landmark F&M Bank Building in 2007 Pre-Eminent Developer Ryan Companies US, Inc. to Oversee Project NORWALK, Conn., January 24, 2006 HEI Hospitality, a rapidly growing hospitality investment and operating company, today announced that it has reached a definitive agreement to acquire in Spring 2007 the under-development Westin Minneapolis, from Ryan Companies US, Inc., developer of the project. The hotel is being created through the conversion of the historic, former F&M Bank building into a 214-room We...
LaSalle Hotel Properties Acquiring the 751 room Westin Michigan Avenue in Chicago, Illinois for $215.0 million / January 2006
January 30, 2006
Hotel Online Special Report LaSalle Hotel Properties Acquiring the 751 room Westin Michigan Avenue in Chicago, Illinois for $215.0 million BETHESDA, Md., Jan 30, 2006 - LaSalle Hotel Properties (NYSE:LHO) today announced it has signed an agreement to acquire the Westin Michigan Avenue in Chicago, Illinois for $215.0 million. The AAA Four Diamond, upper-upscale full-service hotel is located in the heart of the Chicago's Magnificent Mile neighborhood, the city's premier shopping and residential district. The 751 guestroom hotel includes underground parking, 3 retail stores and a full-service restaurant. The hotel also ...
Noble Investment Group Acquires the 460-room Westin Long Beach from Starwood Hotels & Resorts for $88.4 million / January 2006
January 30, 2006
Hotel Online Special Report Noble Investment Group Acquires the 460-room Westin Long Beach from Starwood Hotels & Resorts for $88.4 million Acquisition Culminates 12-Month Period Where Company Invested Over $400 Million in Lodging and Represents First Part of a Strategic Plan to Acquire Portfolio of Luxury and Upper Upscale Assets from Starwood LONG BEACH, Calif., January 25, 2006—Officials of Noble Investment Group, one of the hospitality industry’s leading owner/operators of upscale and premium ...
The Westin Arlington Gateway, a $75 million, 336-room, New Construction Hotel Set to Open March 2006 / January 2006
January 30, 2006
Hotel Online Special Report The Westin Arlington Gateway, a $75 million, 336-room, New Construction Hotel Set to Open March 2006 ARLINGTON, VA, A sophisticated and relaxing retreat for the senses, The Westin Arlington Gateway, a $75 million, 336-room-upscale hotel, will officially join the bustling Ballston neighborhood of Arlington on March 1, 2006. The hotels sleek design and commitment to guest rejuvenation will bring refreshing style to the expanding Ballston-Rosslyn corridor of Arlington at the intersection of Wilson Boulevard and Glebe Road. With a soothing color palette and luxurious ...
Westgate Resorts Breaks Ground on $750 Million 50-Story Vacation Ownership and Condominium Tower Directly Connected to the Planet Hollywood Resort & C
January 30, 2006
Hotel Online Special Report Westgate Resorts Breaks Ground on $750 Million 50-Story Vacation Ownership and Condominium Tower Directly Connected to the Planet Hollywood Resort & Casino LAS VEGAS - Jan. 19, 2006 -- David A. Siegel, founder, president and CEO of Westgate Resorts, the world's largest privately held timeshare company, and Robert Earl, co-chairman of Planet Hollywood Resort & Casino, will break ground today on a 50-story luxury vacation ownership and condominium tower directly connected to the Planet Hollywood Resort & Casino complex on the world-famous Las Vegas Strip. The partnership bri...
ITC Welcomegroup and Sheraton Hotels & Resorts May Part Ways After 30 Years / January 2006
January 30, 2006
Hotel Online News for the Hospitality Executive By Sudipto Dey, The Economic Times, India Knight Ridder/Tribune Business News Jan. 6, 2006 - NEW DELHI -- The 30-year-old marriage seems to be on the rocks. ITC Hotels and Starwood Hotels & Resorts, the holder of Sheraton brand, after one of the longest associations in the hospitality sector have not yet extended the current contract which expired on December 31. ITC Welcomegroup and Sheraton Hotels & Resorts jointly manage 10 properties in the country, the latest being the ITC Grand Central Sheraton & Towers at Mumbai. The alliance kic...
Ground Broken for 90-Story Waterview Tower and the Five-Star Shangri-La Hotel, Chicago; High Rise Set to Become Fifth Tallest Building in Chicago / Ja
January 30, 2006
Hotel Online Special Report Ground Broken for 90-Story Waterview Tower and the Five-Star Shangri-La Hotel, Chicago; High Rise Set to Become Fifth Tallest Building in Chicago CHICAGO, Jan. 31, 2006 - Waterview LLC has broken ground at the site of Waterview Tower & Shangri-La Hotel, Chicago, a 90-story, mixed-use high rise in downtown Chicago that, when finished, will be the fifth tallest building in the city at 1,050 feet. The building is scheduled for completion in 2009. The high rise will comprise 233 luxury condominium and penthouse residences, and 200 hotel condominiums at the five-star ...
What Are the Risk Factors of a Hotel Waterpark Investment? / Jeff Coy & Bill Haralson / January 2006
January 30, 2006
Hotel Online Special Report What Are the Risk Factors of a Hotel Waterpark Investment? By Jeff Coy and Bill Haralson January 4, 2006 --- Hotels and resorts with indoor waterparks now total 104 in 2005 with 52 under construction and another 121 in development. Three major ski resorts have opened or will soon open indoor waterparks to create weather-proof vacations and capture year-round revenues. In 2004, resorts achieved higher occupancies and revenues than any other type of lodging investment. Eleven percent of all new hotel and resort projects in the pipeline have a condominium component. Resorts are hot! Think...
Waterford Hotel Group Holds 16th Annual Leadership Conference; Names 2005 Top Performers Award Winners / January 2006
January 30, 2006
Hotel Online Special Report Waterford Hotel Group Holds 16th Annual Leadership Conference; Names 2005 Top Performers Award Winners WATERFORD, CT (January 26, 2006) --- More than 60 hotel general managers and directors of sales from Waterford Hotel Group-managed properties recently gathered at the Mystic Marriott Hotel & Spa in Groton, CT for an extensive two day conference. This marks the 16th annual conference held by Waterford Hotel Group, which operates 30 properties nationwide. The management company hosts the conference annually to share ideas, set goals, and foster the team spirit that are t...
Hotel Waterpark Developers to Meet in Indianapolis – March 9, 2006 / January 2006
January 30, 2006
Hotel Online Special Report Hotel Waterpark Developers to Meet in Indianapolis - March 9, 2006 Indianapolis IN --- January 23, 2006 - Hotel and resort developers from across the USA & Canada will meet in Indianapolis on March 9-10, 2006 to learn more about the phenomenal growth of the indoor waterpark concept as well the details of where and how to do it successfully. The development workshop is scheduled to open at 12 noon Thursday, March 9 at the Holiday Inn Select North, where the Caribbean Cove indoor waterpark recently opened. The conference is limited to the first 125 registrants. For more information and r...
Warnick & Company Sells Hotel Development Site Located Within Westgate City Center / January 2006
January 30, 2006
Hotel Online Special Report Warnick & Company Sells Hotel Development Site Located Within Westgate City Center Glendale, Arizona, January 10, 2006 - Warnick & Company, LLC, acting as exclusive agent, represented The Ellman Companies in the sale of a hotel development site to John Q. Hammons Hotels, Inc. within Westgate City Center, located in Glendale, Arizona. The 6,500,000-square foot Westgate City Center is one of the largest mixed-use projects currently under development in the United States and includes the 17,799-seat Glendale Arena, a variety of destination retail, restaurants, theaters, and other entertainment v...
Warmbrodt Hotel Investments Structures Sale of Park Inn Hotel, Omaha, NE; Assists In Restructure of Tax-Exempt Bond Financing / January 2006
January 30, 2006
Hotel Online Special Report Warmbrodt Hotel Investments Structures Sale of Park Inn Hotel, Omaha, NE - Assists In Restructure of Tax-Exempt Bond Financing Kansas City, Missouri - January 10, 2006 - Warmbrodt Hotel Investments, Inc. (WHI), announced today that it advised Omaha Landmark Lodging L.P. in the sale of The Park Inn Hotel in Omaha, Nebraska. Located near the national headquarters of Mutual of Omaha Insurance Company, the 122-room, six-story property was purchased by Triple D Hospitality L.L.C. for an undisclosed amount. The property will undergo an extensive renovation and be converted to the Best Western...
Warmbrodt Hotel Investments Advises FelCor Lodging Trust in the Sale of the Doubletree Guest Suites, Omaha, NE and Holiday Inn Hotel & Conference Cent
January 30, 2006
Hotel Online Special Report Warmbrodt Hotel Investments Advises FelCor Lodging Trust in the Sale of the Doubletree Guest Suites, Omaha, NE and Holiday Inn Hotel & Conference Center, Davenport, IA KANSAS CITY, Missouri, January 6, 2006 - WARMBRODT HOTEL INVESTMENTS, INC. (WHI), a Kansas City based hotel real estate firm, announced today it advised FelCor Lodging Trust in the sale of the Doubletree Guest Suites located in Omaha, Nebraska. Located in the growing midtown area of Omaha, the property is in close proximity to First Data Resources, Blue Cross Blue Shield, Omnium, Info USA and Mutual of Omaha. The 187-suite...
Hilton Hotels New Luxury Brand, The Waldorf=Astoria Collection, Adds Three CNL Owned Resorts – Grand Wailea Resort, Arizona Biltmore Resort and
January 30, 2006
Hotel Online Special Report Hilton Hotels New Luxury Brand, The Waldorf=Astoria Collection, Adds Three CNL Owned Resorts - Grand Wailea Resort, Arizona Biltmore Resort and La Quinta Resort BEVERLY HILLS, Calif. - Jan. 17, 2006 -- Hilton Hotels Corporation (NYSE:HLT) has announced that the company is introducing a new luxury hotel line that will extend the cachet of New York's legendary Waldorf=Astoria® hotel. Unveiled today as "The Waldorf=Astoria Collection®," the new, elite brand designation will build upon the legend that company founder Conrad N. Hilton called "The Greatest of Them All," the Waldorf=Astoria. The ...
January 30, 2006
Hotel Online Special Report Tourism for Tomorrow Awards 2006 Showcases the Worlds Leading Examples of Best Practice in Tourism Development London, UK, 26 January 2006 - Today the World Travel & Tourism Council (WTTC) announced the 12 finalists for the 2006 Tourism for Tomorrow Awards. The prestigious Awards represent the highest accolade for best practice in tourism development around the world. The finalists were selected by an international committee of experts from over 100 applications from more than 35 countries representing the full spectrum of Travel & Tourism enterprises, large, medium...
