Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
Myrtle Beach City Council Debate Options for the City Financed 402-room Sheraton; Next Three Years Could Require $5 million from the City / February
January 30, 2006
Hotel Online News for the Hospitality Executive By Emma Ritch, The Sun News, Myrtle Beach, S.C. Knight Ridder/Tribune Business News Feb. 1, 2006 - PINOPOLIS -- Myrtle Beach City Council on Tuesday debated whether to stick with the current operator of the city-financed convention center hotel or to explore options that could turn the hotel into condominiums. Council members decided in the last hours of its three-day budget retreat to closely watch the progress of hotel. The hotel struggled financially for three years until it agreed to part ways with Radisson in March...
Marriott Reports 4th Quarter Profit Up 25%; Continues to Sell Properties and Retain Management Contracts / Hotel Operating Statistics / February 2006.
January 30, 2006
Hotel Online Special Report Marriott Reports 4th Quarter Profit Up 25%; Continues to Sell Properties and Retain Management Contracts . Hotel Operating Statistics Full Year Highlights: Record Full Year 2005 earnings per share totaled $2.89, up 17 percent from 2004; Full year management and franchise fee revenue exceeded $1 billion in 2005, 18 percent over the prior year and surpassing the previous peak reached in 2000; Incentive fees totaled $201 million during the year, 42 percent higher than 2004 levels. Approximately 50 percent of managed hotels generated incentive fees during 2005 compared to 32 percent in ...
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January 30, 2006
Hotel Online Special Report Luxury Link Announces First Annual Worlds Best Hotel Award Winners Los Angeles -Tuesday, February 7, 2006 - Luxury Link, the worlds leading luxury travel web site (www.luxurylink.com) has announced its 2006 Worlds Best Hotel Award winners. Fifty properties throughout the world received this new, prestigious honor. The Worlds Best winners were selected by a blue ribbon panel of Luxury Link travel editors and Luxury Link VIP users. The selection process was based on the panels determination of service, facilities, location, uniqueness of property and overall levels of luxury. It...
Luxe Worldwide Hotels Adds The Listel Hotel, Vancouver / February 2006...
January 30, 2006
Hotel Online Special Report Luxe Worldwide Hotels Adds The Listel Hotel, Vancouver Los Angeles, CA, February 7, 2006 - Luxe Worldwide Hotels (www.luxehotels.com), a leading provider of marketing services within the hospitality industry, proudly announces the addition of The Listel Hotel (www.thelistelhotel.com) to its international network of acclaimed hotels and resorts. The hotel, situated on Vancouver's Robson Street, the city's epicenter of shopping and dining, is well known for its unique partnerships with both regional and international arts organizations and its extensive art collection. "The Listel's decision ...
Luxe Worldwide Hotels Continues Rapid Expansion, Revenues and Newly Signed Members Part of Global Success Story / February 2006...
January 30, 2006
Hotel Online Special Report Luxe Worldwide Hotels Continues Rapid Expansion, Revenues and Newly Signed Members Part of Global Success Story Los Angeles, CA, February 21, 2006 - Luxe Worldwide Hotels (www.luxehotels.com), a leading provider of marketing services within the hospitality industry, proudly announces its ongoing success around the globe, adding highly prestigious members to its international network of acclaimed hotels and resorts while also boasting a significant increase in revenues. Luxe's total collection now exceeds 200 hotels in over 30 countries with more than 20,000 rooms. "Luxe's exceptional growth is...
Low Cap Rates Drive Gains in Hotel Values / Suzanne R. Mellen / Canadian Lodging Outlook – December 2005 Year-to-Date...
January 30, 2006
Hotel Online Special Report Low Cap Rates Drive Gains in Hotel Values CANADIAN LODGING OUTLOOK December 2005 Year-to-Date The Canadian Lodging Outlook is a joint monthly publication of Smith Travel Research and HVS International, Vancouver and Toronto, Canada . Will Today's Underwriting Sustain Future Appreciation? By: Suzanne R. Mellen, MAI, CRE - HVS International - San Francisco Since early 2004 reduced interest rates and lower equity yield requirements have had a substantial positive impact on hotel values. The greater availability and reduced cost of capital has resulted in roundly a 200 to 250 basis...
Two Florida Hotel Investors Admit to Bilking Mortgage Lenders in a $67 million Loan Scheme to Finance Hotels in Orlando and South Florida; Used Fraudu
January 30, 2006
Hotel Online News for the Hospitality Executive By Pedro Ruz Gutierrez, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News February 21, 2006 - Two South Florida investors have admitted bilking mortgage lenders in a $67 million loan scheme to finance hotels in Orlando and South Florida. Terry Singh Mughar, 47, and Jason Madow, 36, face one count each of conspiracy to commit wire fraud after prosecutors charged them without a grand-jury indictment earlier this month in Orlando's federal court. Both reached plea agreements with the U.S. Attorney's Office that outline their scam. They face up to five yea...
World Leisure Destinations Experiencing Rising Occupancy Rates Almost Everywhere / February 2006...
January 30, 2006
Hotel Online Special Report World Leisure Destinations Experiencing Rising Occupancy Rates Almost Everywhere Paris, 1st February 2006 - An excellent winter season start for the main world leisure destinations Indicators are green for the main world leisure destinations with rising occupancy rates almost everywhere: In France, the excellent snowfall levels have supported the hotel occupancy level. One year after the tsunami, Indonesia and Thailand record encouraging results. Mauritius, French Polynesia and the Caribbean record good performances. After a record 2004 season, the Egypt destination m...
Grande Equity Development Company Limited Signs Starwood's New Brand Le Meridien to Manage 250 room Resort in Pattaya, Thailand / February 2006..
January 30, 2006
Hotel Online Special Report Grande Equity Development Company Limited Signs Starwood's New Brand Le Meridien to Manage 250 room Resort in Pattaya, Thailand SINGAPORE - Feb. 14, 2006--Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) newest global hotel brand Le Meridien Hotels & Resorts, continues to expand its presence in Asia Pacific with the signing of Le Meridien Pattaya Resort, Thailand. Starwood Hotels & Resorts and Grande Equity Development Company Limited announced the agreement today to manage this brand new resort along Jomtien Beach in Pattaya, which will open in January 2009. The Le Meridien Pattaya Re...
A $2.5 million Renovation Transforms the Former Bloomington (MN) Park Inn Suites into Le Bourget Aero Suites / February 2006...
January 30, 2006
Hotel Online Special Report A $2.5 million Renovation Transforms the Former Bloomington (MN) Park Inn Suites into Le Bourget Aero Suites BLOOMINGTON, Minn. - Feb. 7, 2006 -- Minnesota bound travelers looking for upscale accommodations near the Minneapolis-St. Paul International Airport and Mall of America now have a brand new option, Le Bourget Aero Suites (formerly the Park Inn Suites) located at the northwest quadrant of France Avenue and Interstate 494. "Le Bourget (pronounced "Le-bur-'zhay") offers guests a perfect fusion of classic sophistication and contemporary design in an intimate setting, we call it--Rela...
VFM Interactive's Vscape® Selected by La Quinta to Distribute Hotel Company's Photograph Images / January 2006...
January 30, 2006
Hotel Online Special Report VFM Interactive's Vscape® Selected by La Quinta to Distribute Hotel Company's Photograph Images TORONTO, CANADA February 1, 2006 VFM Interactive, the leader in online media production, management, and distribution for the travel industry, has been selected by La Quinta Corporation to distribute still photographic images for the companys affiliated brands, which include La Quinta Inn®, La Quinta Inn & Suites® and Baymont Inn & Suites® brands. La Quinta currently accounts for nearly 600 properties in North America. Using Vscape®, VFMs proprietary management and distribution platfor...
More than 5,000 Lower-cost Las Vegas Strip Hotel Rooms Have Been Taken Off — or Could Soon be Taken Off — the Market; Your Chance of Fin
January 30, 2006
Hotel Online News for the Hospitality Executive By Rod Smith, Las Vegas Review-Journal Knight Ridder/Tribune Business News Feb. 22, 2006 - Looking for a cheap stay in Las Vegas? Your chance of finding one may be shrinking. The declining supply of bargain-priced hotel rooms on the Strip is a quietly simmering problem, Deutsche Bank analyst Andrew Zarnett said. More than 5,000 lower-cost Strip hotel rooms have recently been taken off -- or could soon be taken off -- the market, he said. The Bourbon Street (with 166 rooms, closed in October and was imploded earli...
The Las Vegas Convention Center Planning $737 million in Improvements, Expansion; Opened in 1959, Nine Separate Expansions Have Increased Size to 3.
January 30, 2006
Hotel Online News for the Hospitality Executive By Chris Jones, Las Vegas Review-Journal Knight Ridder/Tribune Business News Feb. 12, 2006 - The Las Vegas Convention Center has for decades drawn visitors at a rhythmic clip, producing cash so steadily it's easy to forget how hard the place actually works. But in its 47th year, the heart of Southern Nevada's convention industry is showing its age. Should conditions worsen, experts here and elsewhere say the community could lose its lucrative and long-standing position as the nation's top trade-show host. To prev...
Choice Hotels Canada Employs LRA Worldwide for Mystery Shopping Brand Assurance Program / February 2006...
January 30, 2006
Hotel Online Special Report Choice Hotels Canada Employs LRA Worldwide for Mystery Shopping Brand Assurance Program TORONTO, Ontario/HORSHAM, Pennsylvania; February 6, 2006 Choice Hotels Canada Inc., the largest lodging franchisor in Canada, has engaged LRA Worldwide, Inc., to conduct a Mystery Shopping Brand Assurance program for the more than 270 properties in its system. LRA, based in suburban Philadelphia, is a leading consultant in the area of Customer Experience Management (CEM); its Quality Assurance/Mystery Shopping practice conducts more than 4,000 hotel, resort, casino, golf, airport, stadium/arena and retail...
LaSalle Hotel Properties Acquiring the 367 room House of Blues Hotel in Chicago, Illinois for $114.5 Million / February 2006...
January 30, 2006
Hotel Online Special Report LaSalle Hotel Properties Acquiring the 367 room House of Blues Hotel in Chicago, Illinois for $114.5 Million BETHESDA, Md., Feb 22, 2006 - LaSalle Hotel Properties (NYSE:LHO) today announced it has signed an agreement to acquire the House of Blues Hotel in Chicago, Illinois and adjacent Marina City retail and parking facilities for $114.5 million. The AAA Four Diamond, full-service hotel is located at 329 N. Dearborn, along the Chicago River, in the River North area, and is part of the Marina City mixed-use development. The 367-room hotel includes 34 suites and 333 guestrooms uniquely d...
LaSalle Hotel Properties Reports Net Income to Common Shareholders of $20.8 million for the Year Ended December 31, 2005, Compared to Net Income of $
January 30, 2006
Hotel Online Special Report LaSalle Hotel Properties Reports Net Income to Common Shareholders of $20.8 million for the Year Ended December 31, 2005, Compared to Net Income of $10.7 million for the Prior Year; RevPAR Increases 11.2% BETHESDA, Md. - Feb. 22, 2006 -- LaSalle Hotel Properties (NYSE:LHO) today reported net income to common shareholders of $20.8 million, or $0.67 per diluted share for the year ended December 31, 2005, compared to net income of $10.7 million, or $0.39 per diluted share for the prior year. Prior year net income includes the $2.6 million net gain on the sale of the Omaha Marriott. For th...
Lyle J. Bolyard Joins The Lodge At Woodloch As Executive Chef / February 2006...
January 30, 2006
Hotel Online Special Report Lyle J. Bolyard Joins The Lodge At Woodloch As Executive Chef HAWLEY, PA February 16, 2006 John and Ginny Lopis announce the appointment of Executive Chef Lyle J. Bolyard to The Lodge at Woodloch, the newest full-service, luxury destination spa resort in the U.S., set to debut in June 2006. Bolyard will incorporate a Slow Food approach at The Lodge at Woodloch, a movement dedicated to preserving the use of organic, nutritious ingredients and extending meals for a full sensory experience. Bolyard will not only oversee the kitchen at Tree restaurant, but also all culin...
Kenneth C. Knudson, Founder of the Midwest Hotel Chain – Sybaris Suites, Killed in Private Plane Crash Near Chicago / February 2006...
January 30, 2006
Hotel Online News for the Hospitality Executive By Mary Ann Fergus and Jamie Francisco, Chicago Tribune Knight Ridder/Tribune Business News Feb. 1, 2006 - The two pilots at the controls Monday night when a plane crash killed four people near Kenneth C. Knudson, founder Airport in Wheeling were good friends--one a financial adviser who flew blood platelets for the survivors of the Sept. 11 attack on the Pentagon, the other the founder of a hotel chain that offers romantic getaways. Mark Turek, 59, of Winnetka, was flying the twin-engine Cessna 421B he co-owned with pilot Ken...
Keith A. Moses Named General Manager of Blue Harbor Resort in Sheboygan, Wisconsin / February 2006...
January 30, 2006
Hotel Online Special Report Keith A. Moses Named General Manager of Blue Harbor Resort in Sheboygan, Wisconsin MADISON, Wis. - Feb. 14, 2006 -- Great Wolf Resorts, Inc.® has named Keith A. Moses general manager of Blue Harbor Resort & Conference Center(TM) in Sheboygan, Wis. As general manager, Moses will supervise more than 200 employees, as well as the daily operation of the resort. Moses, a nine-year veteran of the hospitality industry, most recently served as general manager for the Radisson Annapolis Hotel in Annapolis, Md. Prior to that position he was the assistant general manager for Arlington Hilton and ...
Jeanine Korm Glendon Appointed Director of Sales & Marketing for The Churchill Hotel in Washington, DC / February 2006...
January 30, 2006
Hotel Online Special Report Jeanine Korm Glendon Appointed Director of Sales & Marketing for The Churchill Hotel in Washington, DC MCLEAN, Va., Feb. 21, 2006 - Crestline Hotels & Resorts, Inc. today announced the appointment of Jeanine Korm Glendon as Director of Sales & Marketing for The Churchill Hotel in Washington, DC. The historic and upscale hotel includes 144 guest rooms and 2,200 square feet of meeting space. The elegant boutique property was recently purchased by Highland Hospitality Corporation, a Virginia-based real estate investment trust (REIT). Highland Hospitality appointed Crestline Hotels & ...
Ken Dittrich Appointed Managing Director of Paradisus Puerto Rico / February 2006...
January 30, 2006
Hotel Online Special Report Ken Dittrich Appointed Managing Director of Paradisus Puerto Rico RIO GRANDE, P.R. February 28, 2006 Andre Gerondeau, vice president of Central and North America for Sol Melia Hotels & Resorts, announced the appointment of Ken Dittrich as the new managing director of Paradisus Puerto Rico. Dittrich is responsible for managing the first and only five-star all-inclusive luxury golf resort in Puerto Rico. As part of his responsibilities, he is in charge of the oversight and management of its 600 employees, six food and beverage outlets as well as a 96-room boutique hotel within the hotel ...
Joe Blee, Expert Waterpark Insurance Advisor, Helps Developers Navigate From Start To (Successful) Finish / February 2006...
January 30, 2006
Hotel Online Special Report Joe Blee, Expert Waterpark Insurance Advisor, Helps Developers Navigate From Start To (Successful) Finish Minneapolis, MN February 17, 2006 - Joe Blee, an industry leader in insurance consultation for indoor waterparks, will share his insights at the Hotel Waterpark Resort Conference on March 10, 2006, in Indianapolis. The conference is sponsored by American Consulting, Inc. and recognized by the World Waterpark Association. Up to 125 of the hotel and resort industrys top developers and investors are expected to attend. According to Blee, only 15 hotels in the United States featured a...
The Providence Group Gears Up for March Madness; President Jed C. Heller to speak at ARDA, Hotel Investment Conference / February 2006...
January 30, 2006
Hotel Online Special Report The Providence Group Gears Up for March Madness; President Jed C. Heller to speak at ARDA, Hotel Investment Conference Feb. 17, 2006 Duxbury, Mass. Jed C. Heller, president of The Providence Group, a resort management consulting firm, will be a speaker at March annual meetings of the Hotel Investment Conference and the American Resort Development Association. In addition, he will be a delegate to the Asian American Hotel Owners Association meeting in Las Vegas, Mar 22-24. At the 18th Annual Hotel Investment Conference to be held Mar. 12-14 at the Crowne Plaza Ravinia in Atlanta, H...
John Q. Hammons Makes $25 million Commitment to Missouri State University to be Used for a $60 Million 12,000 Seat Campus Arena / February 2006...
January 30, 2006
Hotel Online Special Report John Q. Hammons Makes $25 million Commitment to Missouri State University to be Used for a $60 Million 12,000 Seat Campus Arena SPRINGFIELD, Mo. Beginning in November of 2008, the Missouri State University Bears and Lady Bears will have a new home JQH Arena. Thanks to a $25 million commitment from Missouri State alumnus and Springfield, Mo.-based hotel developer John Q. Hammons, Missouri State announced plans today to build the $60 million JQH Arena. The Arena will contain a minimum of 12,000 chair-back seats, 20 private boxes, a private club, and other amenit...
