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Barbadian Hotelier Peter Odle, Named President-Elect of the Caribbean Hotel Association / July 2005
March 30, 2005
Hotel Online Special Report Barbadian Hotelier Peter Odle, Named President-Elect of the Caribbean Hotel Association SAN JUAN, Puerto Rico (July, 2005) The members of the Caribbean Hotel Association (CHA) named Barbadian hotelier Peter Odle, 1st Vice President of CHA, as President-Elect of the organization. The selection took place during CHAs Annual General Meeting at the Caribbean Hotel Industry Conference (CHIC) 2005 in Miami, Florida, last week. As President-Elect, Odle will spend the next twelve months preparing to assume the presidency of the trade association in June 2006, for a two-year term...
MTech Launches PMWorks Plus Internet-Based Tracking of Work Requests & Guest Incidents / July 2005
March 30, 2005
Hotel Online Special Report MTech Launches PMWorks Plus Internet-Based Tracking of Work Requests & Guest Incidents Hoteliers test drive PMWorks Plus at HITEC 2005; Hosted application proven to bolster productivity & guest satisfaction Los Angeles July 8, 2005 MTech introduced at HITEC 2005, its new PMWorks Plus service. PMWorks Plus is a hosted, Internet-based application delivering real-time tracking of work requests and guest incidents for sizable gains in productivity and guest satisfaction. Our PMWorks preventive maintenance scheduling solution is helping more than 600 hotels of all sizes and types automa...
Fewer Hotels Deficient on Interest Payments; Low Interest Rates, Refinancing, and Rising Profits Are Major Factors / PKF Study / July 2005
March 30, 2005
Hotel Online Special Report Fewer Hotels Deficient on Interest Payments; Low Interest Rates, Refinancing, and Rising Profits Are Major Factors PKF Study ATLANTA July 5, 2005 -- An improved hotel operating environment, coupled with low interest rates that encouraged debt refinancing, contributed to a 22 percent reduction in the number of hotel loan deficiencies in 2004, the first such decline since 1996. Although some hotels will continue to struggle, positive results for the first six months of 2005 and an upbeat forecast for the remainder of the year point to a continued improvement in the number of hot...
PKF Capital Markets Group Brokers Sale of Hampton Inn South, Austin, Texas / July 2005
March 30, 2005
Hotel Online Special Report PKF Capital Markets Group Brokers Sale of Hampton Inn South, Austin, Texas AUSTIN, Texas, July 21, 2005 Officials of PKF Capital Markets Group, a leading, national brokerage firm specializing in the hospitality industry, today announced that it has successfully brokered the sale of the 123-room Hampton Inn South in Austin, Texas. The property was sold on behalf of Valencia Hotel Partners I, L.P., Inc of Houston, Texas, to J.P. Sethi Enterprises, Inc., of Pinedale, Calif. The hotels proximity to various area attractions, corporate offices and entertainment options ma...
Growth in Hotel Food and Beverage Revenues Lack the Same Kind of Sizzle Found in Room Revenues; Expense Controls Help Profits Grow / PKF Study / July
March 30, 2005
Hotel Online Special Report Growth in Hotel Food and Beverage Revenues Lack the Same Kind of Sizzle Found in Room Revenues; Expense Controls Help F&B Profits Grow PKF Study Atlanta, July 11, 2005: While U.S. hotels have enjoyed a strong increase in room revenue during the current recovery period, growth in hotel food and beverage sales, while improving, lacked the same kind of sizzle, according to an recent study by a leading hospitality consultant. Fortunately, tight cost controls by management have enabled food and beverage profitability to keep pace with the profit growth of other operating department...
Hotelbook.com Travel Web Site for Independent Hotels Launches; New Site from Pegasus Solutions Will Help Travelers Discover Unique Hotel Finds / July
March 30, 2005
Hotel Online Special Report Hotelbook.com Travel Web Site for Independent Hotels Launches; New Site from Pegasus Solutions Will Help Travelers Discover Unique Hotel Finds DALLAS - July 25, 2005 -- A new travel Web site called hotelbook.com(TM) (http://www.hotelbook.com/) dedicated to helping travelers discover and book unique, independent hotels around the world was officially launched today by Pegasus Solutions Inc. (Nasdaq:PEGS), the company that first pioneered online hotel booking in 1994. Focused on independent hotels that have unique personalities and small hotel groups with one-of-a-kind properties, hotelbook...
Harris Ranch Selects PAR-Springer-Miller Systems; Restaurant and Inn Chooses SMS|Host to Manage Fine Dining, Guest Rooms and Point-of-Sale / July 200
March 30, 2005
Hotel Online Special Report Harris Ranch Selects PAR-Springer-Miller Systems , Restaurant and Inn Chooses SMS|Host to Manage Fine Dining, Guest Rooms and Point-of-Sale New Hartford, NY - July 19, 2005 - Stowe, Vt. - 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- is pleased to announce that Harris Ranch has chosen SMS|Host Hospitality Management System as the system of choice for their inn and restaurant in Coalinga, California. Established in 1977, Harris Ranch is a fine-dini...
The City of Philadelphia Sues17 Online Travel Services, Including Expedia, Orbitz, Priceline and Travelocity; Claims They Are Not Fully Paying Hote
March 30, 2005
Hotel Online News for the Hospitality ExecutiveBy Tom Belden, The Philadelphia InquirerKnight Ridder/Tribune Business News Jul. 13, 2005--The City of Philadelphia sued 17 online travel services - including major players Expedia, Orbitz, Priceline and Travelocity - yesterday, saying they aren't fully paying hotel-occupancy tax. The complaint, filed in Common Pleas Court in Philadelphia, says the online travel agencies contract with hotels for rooms at discounted rates and then sell the rooms to the public at marked-up rates. The suit alleges that the agencies collected and paid the city's 7 percent hotel tax based on the discounted ro...
Omni Chicago Hotel Completes First Stage of $9.5 million Renovation; Hotel's 343 suites Outfitted with 37 inch Plasma TV's / July 2005
March 30, 2005
Hotel Online Special Report Omni Chicago Hotel Completes First Stage of $9.5 million Renovation; Hotel's 343 suites Outfitted with 37" Plasma TV's CHICAGO, July 7, 2005 - First in its class and first in the city, the Omni Chicago Hotel recently put the finishing touches on the first stage of an extensive $9.5 million renovation, including updating the hotel's 343 suites with 37" plasma TV screens. As the first all-suites, all-plasma TV hotel in Chicago, the interiors of the property situated on the famed 'Magnificent Mile' now boast a contemporary design, lighter interior color scheme, granite-topped wet...
Revenue Management…It Really, Really Works!! / July 2005
March 30, 2005
Hotel Online Special Report Revenue Management...It Really, Really Works!! Stamford, CT, July 12, 2005 OZone Strategic Marketing, LLC is proud to announce the results of its 12 month Revenue Management partnership with Millennium Hotels. "In the first 3 month phase of implementing a multi-hotel program, we achieved an aggregate RevPAR growth of $6.5 Million. At the end of 12 months we saw an overall incremental gain of over $16,000,000 above the original cumulative budgets of all hotels. We had 15 hotels representing over 6,000 Rooms in the program said Jeffrey Osborne, founder, and managing director of OZone Strategi...
Neptune Hospitality Advisors Arranges Capital for Purchase of 316 room Holiday Inn Sea World in San Diego, CA / July 2005
March 30, 2005
Hotel Online .Special Report Neptune Hospitality Advisors Arranges Capital for Purchase of 316 room Holiday Inn Sea World in San Diego, CA SAN DIEGO, California - July 21, 2005 - Michael D. Armstrong, President of Neptune Hospitality Advisors, Inc., is pleased to announce his firm arranged the senior financing and sourced the joint-venture equity partner for the acquisition of the 316-room Holiday Inn Sea World in San Diego, California. Neptune procured the $30.5 million five-year fixed rate loan through a commercial real estate finance company. A joint venture among an affiliate of American Property Management Corp...
Neptune Hospitality Advisors Arranges Financing for Purchase of Historic Sheraton Gunter Hotel in Downtown San Antonio / July 2005
March 30, 2005
Hotel Online .Special Report Neptune Hospitality Advisors Arranges Financing for Purchase of Historic Sheraton Gunter Hotel in Downtown San Antonio SAN DIEGO, California - July 19, 2005 - Michael D. Armstrong, President of Neptune Hospitality Advisors, Inc., is pleased to announce his firm arranged the structured financing for the acquisition of the historic 322-room Sheraton Gunter Hotel in downtown San Antonio, Texas. Neptune structured the $30.5 million three-year floating rate loan as a $24.5 million senior loan through a Wall Street investment bank and a $5.6 million mezzanine loan through a hotel REIT. The...
Examining the Best Approach to Each Hospitality Asset – National Hotel Exchange / July 2005
March 30, 2005
Hotel Online Special Report Examining the Best Approach to Each Hospitality Asset - National Hotel Exchange by Robin Trehan (B.A, MIB, MBA), Vice President, National Hotel Exchange and CBK Family July 29, 2005 - Today the hospitality industry is one of the most profitable and most challenging. Big players are already in the market and more will follow soon. In order to remain competitive, all players in the industry need proper consulting services in order to re-engineer themselves and to remain profitable in an industry which is changing at an unprecedented rate. The Hospitality industry needs to brace itself to ...
Banner Year for New York City Hotels; Occupancy for the First Five Months of 2005 at 80.5%, Up 4.5% from Same Period Last Year; But No New Hotel Jo
March 30, 2005
Hotel Online News for the Hospitality ExecutiveBy Randi F. Marshall, Newsday, Melville, N.Y.Knight Ridder/Tribune Business News Jul. 22, 2005 - By most accounts, tourism in New York City is booming -- from restaurants to local attractions to hotels. Revenue is up, visitor numbers are higher and even business travel has begun a comeback. That's why William Simpson's tale is particularly puzzling. The Bronx resident lost his job as a waiter for the Mayflower Hotel when it closed a year ago to be converted into condominiums. Since then, he has sent out his resume to dozens of hotels around the city and he had several interviews. But he ...
The Lodging Industry in the NAACP 2004 Report Cards Earned an Overall Grade of (C), Marking No Real Improvement from 2003 / July 2005
March 30, 2005
Hotel Online Special Report The Lodging Industry in the NAACP 2004 Report Cards Earned an Overall Grade of (C), Marking No Real Improvement from 2003 Milwaukee - July 12, 2005 - The National Association for the Advancement of Colored People (NAACP) today released the 2005 Economic Reciprocity Initiative (ERI) industry report cards grading major corporations in lodging, telecommunications, financial services, general merchandising and automotive for the year 2004. The five industries earned average and below average scores. The (C) and (D) grades, released during the NAACPs 96th Annual Convention in Milwa...
March 30, 2005
Hotel Online News for the Hospitality ExecutiveBy Dawn Bryant, The Sun News, Myrtle Beach, S.C.Knight Ridder/Tribune Business News Jul. 14, 2005 - Negotiations continue with the company that plans to operate the city-financed hotel at the Myrtle Beach Convention Center, with an October switchover anticipated. City Council and bond attorneys must approve the contract before Interstate Hotels & Resorts takes over operation of the 2½-year-old hotel. It will run the hotel as a Sheraton. Consultants and attorneys for the city's Hotel Board Corp. are negotiating with Interstate and Starwood Hotels & Resorts, which will lend its Sheraton b...
Aged and Shuttered, the Mountain Shadows Resort Likely to be Razed, Replaced with 299 room Boutique Hotel / July 2005
March 30, 2005
Hotel Online News for the Hospitality ExecutiveBy Donna Hogan, The Tribune, Mesa, Ariz.Knight Ridder/Tribune Business News Jul. 1, 2005 - Aged and recently shuttered Paradise Valley resort Mountain Shadows is poised to get a $200 million makeover by Crown Realty & Development, the same company that is redoing the town's La Posada resort. Crown president Robert Flaxman said Thursday that he wants to keep Mountain Shadows' 42-acre golf course and driving range but raze all the structures and build a 299-unit boutique hotel with resort villas in their place. The 68-acre spread sprawls along the south side of Camelback Road at 56th Stree...
Hyatt Appoints Michael Bastis and Norbert Relecker as General Managers of its Two Monterey County Hotels / July 2005
March 30, 2005
Hotel Online News for the Hospitality ExecutiveBy Victoria Manley, The Monterey County Herald, Calif.Knight Ridder/Tribune Business News Jul. 26, 2005 - Hyatt Resorts has hired Michael Bastis and Norbert Relecker as general managers of its two Monterey County hotels. Bastis will lead Hyatt Regency Monterey; Relecker will head Highlands Inn, Park Hyatt Carmel in Carmel Highlands. The two replace Michael Koffler, who last month accepted a managerial position at Manchester Grand Hyatt in San Diego. Highlands Inn and Hyatt Regency Monterey are two key properties in local hospitality. The Monterey hotel, 1 Old Golf Course Road, features an 1...
The Former RIHGA Royal Hotel Miri Rebranded a Marriott Resort / July 2005
March 30, 2005
Hotel Online Special Report The Former RIHGA Royal Hotel Miri Rebranded a Marriott Resort Washington , DC - 1 July 2005 - Marriott International, Inc. (NYSE:MAR) announced today the opening of the 220-room Miri Marriott Resort & Spa under a management agreement with Majupun Sdn. Bhd.. The former RIHGA Royal Hotel Miri underwent an extensive renovation of its guestrooms, food and beverage outlets and other public areas before being rebranded a Marriott resort. It is the sixth Marriott branded hotel in Malaysia. The hotel is located on Brighton Beach, outside of Miris central business district, su...
Convention Center-related Room Nights in Milwaukee Not Projected to Return to the Heady Days of 2000 and 2001 / July 2005
March 30, 2005
Hotel Online News for the Hospitality ExecutiveBy Tom Daykin, Milwaukee Journal SentinelKnight Ridder/Tribune Business News Jul. 18, 2005 - Last week's NAACP convention was among the larger events ever hosted by the Midwest Airlines Center since the $184 million facility opened in two phases in 1998 and 2000. Delegates and other convention visitors accounted for an estimated 14,900 "room nights"- the number of area hotel rooms used multiplied by the number of nights each room was filled. Thanks largely to the NAACP and two other big events, the number of convention center-related room nights used in Milwaukee will be around 150,000 t...
Mike Larson Appointed General Manager of the Doubletree Denver & Red Lion Denver Central Hotel Complex / July 2005
March 30, 2005
Hotel Online Special Report Mike Larson Appointed General Manager of the Doubletree Denver & Red Lion Denver Central Hotel Complex DENVER - July 12, 2005 -- Doubletree Hotels has announced that Mike Larson has been appointed general manager of the Doubletree Denver & Red Lion Denver Central hotel complex in Denver. A 20-year hospitality industry veteran, Larson most recently served as hotel manager of the Doubletree San Jose. Larson began his career with the Red Lion Hotel SeaTac in Seattle. From there, he held assistant general manager positions at the Red Lion Wenatchee, Wash.; Red Lion Spokane Valley, Wash.; and Red...
Developer of Baltimore's $250 million Ritz-Carlton Hotel Condo Project Sues Partner / July 2005
March 30, 2005
Hotel Online News for the Hospitality ExecutiveBy Lorraine Mirabella, The Baltimore SunKnight Ridder/Tribune Business News Jul. 28, 2005 - The developer of Baltimore's Ritz-Carlton Residences yesterday sued Edward V. Giannasca II, its Baltimore partner who shepherded the Inner Harbor project for the past five years, for fraud and breach of contract. Midtown Baltimore LLC, developer of the $250 million luxury condos under construction at the foot of Federal Hill, filed the nine-count complaint in U.S. District Court in Baltimore, marking the latest tangle in a project long dogged by financial and legal disputes. Jack Cayre, senior vic...
Canada's First Microtel Inn & Suites to Break Ground in Parry Sound, Ontario / July 2005
March 30, 2005
Hotel Online Special Report Canada's First Microtel Inn & Suites to Break Ground in Parry Sound, Ontario ATLANTA, GA (July 11, 2005) - Canada's first Microtel Inn & Suites property will break ground on Bowes Street in Parry Sound, Ontario on July 14th. The hotel is owned by Ontarinns, Inc. of Toronto, and will be built by W.S. Morgan Construction of Parry Sound. The Microtel Inn & Suites is located off the Trans Canada Highway 400 at exit 224, and is expected to open in April 2006. Parry Sound is in the heart of the 30,000 Islands of Georgian Bay, 140 miles north of Toronto. Microtel Inns & Suites is the all newly...
Michael D. Allen Appointed General Manager of The Grove Isle Hotel & Spa, Coconut Grove, Florida / July 2005
March 30, 2005
Hotel Online Special Report Michael D. Allen Appointed General Manager of The Grove Isle Hotel & Spa, Coconut Grove, Florida COCONUT GROVE, FL (July 27, 2005) Noble House Hotels & Resorts has announced the appointment of Michael D. Allen to general manager of The Grove Isle Hotel & Spa, the luxury boutique hotel on Biscayne Bay, set in the heart of Coconut Grove. In his new position, Mr. Allen will be responsible for overseeing the day-to-day management and operations at the 49-room property, inclusive of its restaurant, spa and club. Mr. Allen has held executive level positions within the hospit...
