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November 4th, 2024
Hotels That Do Not Incorporate Retail Into their Operations Are Missing Out / July 2005
March 30, 2005
Hotel Online Special Report Hotels That Do Not Incorporate Retail Into their Operations Are Missing Out . Increasing Revenue Through High-end Merchandise July, 2005 - In today's competitive hospitality industry, the difference between success and failure is often the ability or inability to attract high-end guests. Recent research indicates that a large percentage of business and leisure travelers view shopping at luxury retailers such as Cartier, Gucci and Prada as an important component of their trips. Savvy hoteliers now generate additional revenue either by leasing space to luxury retailers or offering these i...
PKF Projects Significant Rise in U.S. Hotel Property Taxes; 2005 Taxes Projected to Rise 5% / July 2005
March 30, 2005
Hotel Online Special Report PKF Projects Significant Rise in U.S. Hotel Property Taxes; 2005 Taxes Projected to Rise 5% ATLANTA - July 18, 2005 -- Based on historical economic patterns, property taxes for U.S. hotels are expected to increase significantly for at least the next two years. The revenue and profit recovery currently underway within the lodging industry will drive up the property values calculated by municipal appraisers during their upcoming reassessments. These assessments serve as the basis for taxation. The preceding observations come from an analysis of the data collected for the 2005 editio...
March 30, 2005
Hotel Online Special Report Running Dry on Good Hotel Ideas? - Its Not What You Know Its Who You Know By: Neil Salerno July 2005 Last weekend, I had a visit from a thirty-year friend, mentor, my weddings best man, former boss, and former peer. All this wrapped up in one man, Howard Feiertag. Its always great to see someone who has been so significant in your life, but it also made me reflect on how many times Howard has steered me through the bumpy maze of highs and lows of the hotel business. I am truly blessed that there have been, and still are, several experienced hotel people, like Ho...
Southern California Hotel Developers Put Hotel Plans on Hold as Land Prices Surge / Sandi Cain / July 2005
March 30, 2005
Hotel Online Special Report Southern California Hotel Developers Put Hotel Plans on Hold as Land Prices Surge By Sandi Cain, June 2005 Orange County Business Journal Staff One thing is conspicuously absent amid a flurry of Orange County hotel renovations: the sound of new hotel construction. Were not seeing a whole lot of dirt moving, said Bernie Murphy, Western region vice president for office of hotel consultant Plasencia Group Inc.s Encinitas office. While developers are under way with housing, high-rise condo and office plans, hotel owners have been reluctant to plunge into a high-priced market for...
CNL Hotels & Resorts, Inc. and KSL Resorts Complete $10 million Renovation at the Hotel del Coronado / July 2005
March 30, 2005
Hotel Online Special Report CNL Hotels & Resorts, Inc. and KSL Resorts Complete $10 million Renovation at the Hotel del Coronado Coronado, CA - July 8, 2005 - When CNL Hotels & Resorts, Inc. and KSL Resorts purchased the Hotel del Coronado in December 2003, they not only assumed the management of a world-renowned hotel, but also the responsibility of protecting and enhancing one of Americas historic treasures. Demonstrating their commitment to The Dels future, ownership has completed a $10 million guestroom renovation in the Victorian, Ocean Towers and Cabana buildings. . . Internationally acclaimed de...
After Selling TravelWeb, Pegasus Solutions Re-enters Consumer Market with Hotelbook.com / July 2005
March 30, 2005
Hotel Online News for the Hospitality ExecutiveBy Suzanne Marta, The Dallas Morning NewsKnight Ridder/Tribune Business News Jul. 25, 2005 - Pegasus Solutions Inc. is expected to announce today a new consumer Web site, Hotelbook.com, marking the company's re-entry into the consumer market. The site -- which will start with 5,000 properties, largely independent hotels -- is a toe in the water of sorts for the Dallas-based company, whose main focus is business-to-business transactions. As soon as this year, Pegasus also plans to launch another site aimed solely at online shoppers seeking five-star lodging. Bob Boles, Pegasus' chief oper...
Oxford Suites Planning a Luxury Hotel in Downtown Bend, Oregon / July 2005
March 30, 2005
Hotel Online News for the Hospitality ExecutiveBy Christian Trejbal, The Bulletin, Bend, Ore.Knight Ridder/Tribune Business News Jul. 22, 2005 - Downtown Bend could feature a seven-story hotel in a year if the city approves an application from Oxford Suites to build Hotel O on Minnesota Avenue across the street from the old firehouse. The first floor of the proposed hotel would house the lobby, a restaurant and lounge, and 1,000 to 1,500 square feet of retail space, according to Curt Baney, president of Baney Corp., which is overseeing development of the hotel for Oxford Suites. The upper floors would house 57 suites with a swimming ...
InterContinental Hong Kong Creates 7,000 sq ft 5 Bedroom Presidential Suite; Includes Infinity Swimming Pool / August 2005
March 30, 2005
Hotel Online Special Report InterContinental Hong Kong Creates 7,000 sq. ft. 5 Bedroom Presidential Suite; Includes Infinity Swimming Pool HONG KONG (July 29, 2005) Acclaimed as one of the worlds top hotels and prized for its spectacular views, InterContinental Hong Kong continues its dramatic transformation this summer with major room and suite renovations, including the creation of Hong Kongs largest Presidential Suite. The new five-bedroom Presidential Suite will be 7,000 square-feet, with a duplex atrium entrance hall and living room, featuring two-story plate glass windows with panoramic views of Victoria ...
The Symbol of Hospitality, the Pineapple, Has Morphed to That of a Kumquat; Hotel Operators Focus on the Guest Becoming Secondary / John R. Hendrie
March 30, 2005
Hotel Online Special Report The Symbol of Hospitality, the Pineapple, Has Morphed to That of a Kumquat; Hotel Operators Focus on the Guest Becoming Secondary by John R. Hendrie, CEO Hospitality Performance, Inc., August 2005 “The lights are on, but no one is home!” That old saw is an apt statement about the state of Hospitality in certain areas of the US today. Operators are tired, beaten up, spent. Their energies are internally directed – staffing, budgets, complaints, legislation, etc. – whereas, the external focus on the Visitor and Guest Experience has become quite secondary. “Just let...
The 577-room Hilton Sydney Reopens After a Three-year $200 million Reconstruction; the Largest Single Site Investment Made by Hilton International in
March 30, 2005
Hotel Online Special Report The 577-room Hilton Sydney Reopens After a Three-year $200 million Reconstruction - the Largest Single Site Investment Made by Hilton International in its History SYDNEY, Australia - July 15, 2005 -- The Hilton Sydney will re-open for business today in the heart of the city, with a spectacular and ambitious new design, contemporary dining, exclusive bars, and state-of-the-art conference and events facilities. Revitalizing the iconic 1970s building and 1980s interior into a contemporary, modern space has been a 30-month and a $200 million undertaking. The 577-room hotel has undergone a ...
Hilton Maldives Resort & Spa Reopens Following US$35 million Reconstruction / July 2005
March 30, 2005
Hotel Online Special Report Hilton Maldives Resort & Spa Reopens Following US$35 million Reconstruction 6 July 2005, Singapore Hilton Worldwide Resorts has completed the redevelopment of its regional flagship property. Hilton Maldives Resort & Spa now boasts 100 brand new villas on the main island of Rangalifinolhu all exquisitely designed for barefoot luxury in the comfort of a stunning 6-star property. The US$35 million reconstruction of Rangalifinolhu Island required the demolition of all existing villas and buildings and took 15 months to complete. It features facilities that are a first of their kind. The islan...
Korea Golf Course Operator, Emerson Pacific, Signs Hilton International to Manage Golf Resort and Spa in South Korea / July 2005
March 30, 2005
Hotel Online Special Report Korea Golf Course Operator, Emerson Pacific, Signs Hilton International to Manage Golf Resort and Spa in South Korea July 2005, Singapore Hilton International and Emerson Pacific Inc. have signed an agreement for Hilton Worldwide Resorts (HWR) to manage a property in South Korea. The Hilton Namhae Golf & Spa Resort, located on the southernmost peninsula, is the first resort in Korea to come under the Hilton brand and is part of the extensive Asia expansion plan for HWR. Scheduled to open in 2006 at a development cost of US$80 million, the 120-villa resort is located 290 kilometres south of ...
Hilton's Asset Disposition Strategy Continues, Eight Additional Hotels Identified for Sale / July 2005
March 30, 2005
Hotel Online Special Report Hilton's Asset Disposition Strategy Continues, Eight Additional Hotels Identified for Sale 11 Hotels Sold in May-July 2005 for $416 Million BEVERLY HILLS, Calif. - July 25, 2005--Summarizing its successful efforts to sell selected hotel assets at attractive prices, Hilton Hotels Corporation (NYSE:HLT) said today that from May-July 2005 it completed the sale of 11 properties for a combined $416 million. Net proceeds after property level debt repayment, minority partner distributions, selling costs and income taxes totaled approximately $335 million. All properties are remaining in the...
Ready for Pluckin'; Hospitality Represents that Fat Roaster, Just Sitting there, Plump and Contented / John R. Hendrie / July 2005
March 30, 2005
Hotel Online Special Report Ready for Pluckin'; Hospitality Represents that Fat Roaster, Just Sitting there, Plump and Contented by John R. Hendrie, CEO Hospitality Performance, Inc., July 2005 Right there, above the fold of Tuesdays New York Times (7/26/05), an article, headlined, Ambitions are Fueling a Division of Labor, an ominous message was delivered to Hospitality operators. Two major Unions (SEIU and the Teamsters) have withdrawn from Labors main Federation, the AFL-CIO. Two others, the United Food and Commercial Workers and our own UNITE HERE, are not only boycotting the annual convention ...
Hospitality eBusiness Strategies to Present at Economy & Budget Hotels World 2005 Conference; Focus on Expanding Sales Through Online Marketing & Dist
March 30, 2005
Hotel Online Special Report Hospitality eBusiness Strategies to Present at Economy & Budget Hotels World 2005 Conference - Focus on Expanding Sales Through Online Marketing & Distribution New York, NY - July 27, 2005 - Hospitality eBusiness Strategies (HeBS), a leading Internet marketing and distribution consulting firm for the hospitality industry, today announced the firm will present a one-day Internet Marketing workshop at the Economy & Budget Hotels World 2005 Conference, September 19-21 at the Royal Garden Hotel in London. Max Starkov, HeBS' Chief eBusiness Strategist and Jason Price, HeBS' Vice President, Busin...
Starwood 2nd Qtr Net Income of $145 million Down 5.8% from Same Period in Prior Year; REVPAR Up 12.7% Worldwide Compared to the 2nd Qtr 2004 / Hotel
March 30, 2005
Hotel Online Special Report Starwood 2nd Qtr Net Income of $145 million Down 5.8% from Same Period in Prior Year; REVPAR Up 12.7% Worldwide Compared to the 2nd Qtr 2004 Hotel Results WHITE PLAINS, N.Y. July 26, 2005 - Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT): Starwood Hotels & Resorts Worldwide, Inc. ("Starwood" or the "Company") today reported EPS from continuing operations for the second quarter of 2005 of $0.65 compared to $0.56 in the second quarter of 2004. Excluding special items of $11 million (after-tax) in the 2005 period related to the partial demolition of the Sheraton in Cancun, Mexico where w...
Host Marriott Posts 2nd Qtr Net Income of $91 million Compared with $17 million a Year Earlier; Comparable Hotel RevPAR for the 2nd Qtr 2005 Up 9.8%
March 30, 2005
Hotel Online Special Report Host Marriott Posts 2nd Qtr Net Income of $91 million Compared with $17 million a Year Earlier; Comparable Hotel RevPAR for the 2nd Qtr 2005 Up 9.8% Hotel Operating Data BETHESDA, Md., July 20, 2005 - Host Marriott Corporation (NYSE: HMT), the nation's largest lodging real estate investment trust (REIT), today announced results of operations for the second quarter ended June 17, 2005. Second quarter results include the following: Total revenue increased 10.6% to $993 million for the second quarter and 8.1% to $1,811 million for year-to-date 2005. Net income (loss) was $91 million an...
Hélèn Lobel appointed Manager at the Domina Giudecca Hotel, Venice Italy / July 2005
March 30, 2005
Hotel Online Special Report Hélèn Lobel appointed Manager at the Domina Giudecca Hotel, Venice Italy Milan, 5th July 2005 - The Domina Hotel Group has appointed Hélène Lobel at the Domina Giudecca Hotel, Venice Italy. In her new role, Lobel will be responsible for managing the Domina Giudecca Hotel on a daily basis and ensure that the quality of service and standards are maintained at the highest level of the hotel brands expectations. Lobels strong brand understanding coupled with her operating experience make her an excellent choice to ensure that Domina Hotels & Resorts brand message is translated in...
Hilton Reports 2nd Qtr 2005 Net Income of $202 million, Up from $75 million in the 2004 Quarter;RevPAR Up 9.4% Driven by Strong Results in New York, H
March 30, 2005
Hotel Online Special Report Hilton Reports 2nd Qtr 2005 Net Income of $202 million, Up from $75 million in the 2004 Quarter . RevPAR Up 9.4% Driven by Strong Results in New York, Hawaii, Boston, and Chicago Hotel Operating Statistics BEVERLY HILLS, Calif. - July 27, 2005 -- Hilton Hotels Corporation (NYSE:HLT) today reported financial results for the second quarter and six months ended June 30, 2005. Second quarter highlights: Diluted EPS of $.49 versus $.19 in 2004 period; recurring EPS $.27, up 50 percent from $.18 in Q2 2004. Recurring net income of $110 million, a company quarterly record. ...
Heiko Kuenstle Appointed General Manager of The Pierre New York, a Taj Hotel / July 2005
March 30, 2005
Hotel Online Special Report Heiko Kuenstle Appointed General Manager of The Pierre New York, a Taj Hotel Former Pierre Manager Returns to Lead Historic Hotel into its 75th Year NEW YORK, July 1, 2005 -- Taj Hotels Resorts and Palaces has named Heiko Kuenstle general manager of The Pierre New York, a Taj Hotel. The Pierre is delighted to welcome back an old friend, as Kuenstle spent four years earlier in his hospitality career at the landmark hotel on New York's Fifth Avenue. "We are pleased to welcome this famed hotelier to the Taj family," says Raymond Bickson, managing director, The Indian Hotels Comp...
Lodgian, Inc. Sells the 390-room Holiday Inn St. Louis-Airport for $3.5 million / July 2005
March 30, 2005
Hotel Online Special Report Lodgian, Inc. Sells the 390-room Holiday Inn St. Louis-Airport for $3.5 million ATLANTA, Ga., July 12, 2005Lodgian, Inc. (AMEX: LGN), one of the nations largest independent owners and operators of full-service hotels, today announced that it sold the 390-room Holiday Inn St. Louis-Airport in Missouri, to an undisclosed buyer for $3.5 million. All of the net proceeds will be used for general corporate purposes. For the twelve months ended May 31, 2005, the hotel produced negative Adjusted EBITDA (a non-GAAP financial measure) of $(417,000) and a net loss from operations of $(996,00...
REIT Highland Hospitality Corporation Records Second Quarter 2005 Net Income of $4.2 million for its 20 Hotel Portfolio / July 2005
March 30, 2005
Hotel Online Special Report REIT Highland Hospitality Corporation Records 2nd Qtr 2005 Net Income of $4.2 million for its 20 Hotel Portfolio MCLEAN, Va., July 28, 2005 - Highland Hospitality Corporation (NYSE: HIH), a lodging real estate investment trust, or REIT, today reported its consolidated financial results for the quarter ended June 30, 2005. Consolidated Financial Results For the second quarter 2005, the Company reported consolidated total revenue of $63.2 million and consolidated net income of $4.2 million, or $.10 per diluted share, compared to consolidated total revenue of $25.3 million and con...
Heather L. Blaschke Named Xanterra's Corporate Director of Construction and Renovation Projects / July 2005
March 30, 2005
Hotel Online Special Report Heather L. Blaschke Named Xanterra's Corporate Director of Construction and Renovation Projects DENVER, July 8, 2005 - Xanterra Parks & Resorts has named Heather L. Blaschke corporate director of projects. Blaschke will coordinate all aspects of Xanterra construction and renovation projects including developing capital budgets and working with architects, designers and contractors. Xanterra Parks & Resorts operates lodges, restaurants and other concessions at national and state parks and resorts throughout the country. Prior to joining Xanterra, Blaschke was project manager for Project One In...
The Guitar-shaped Sign for the Biloxi Hard Rock Hotel & Casino is 112 feet Tall, Cost $1.9 million / July 2005
March 30, 2005
Hotel Online News for the Hospitality ExecutiveBy Tom Wilemon, The Sun Herald, Biloxi, Miss.Knight Ridder/Tribune Business News Jul. 2, 2005 - BILOXI -- The guitar-shaped sign for the Biloxi Hard Rock Hotel & Casino is so big that it will arrive in eight pieces over four days beginning Tuesday. "It shatters the world's record," said Todd Ducote, shop foreman and designer at Kojis and Sons Sign Inc., which built the $1.9 million guitar. At 112 feet tall, it rises as high as an 11-story building. When it is erected in front of the $235 million casino resort being built in Biloxi, it will be the largest guitar sign at any Hard Rock Cafe...
