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Winston Hotels Forms Joint Venture with Grand Heritage Hotel Company to Acquire the Stanley Hotel in Estes Park, Colorado / August 2005
March 30, 2005
Hotel Online Special Report Winston Hotels Forms Joint Venture with Grand Heritage Hotel Company to Acquire the Stanley Hotel in Estes Park, Colorado RALEIGH, N.C. - Aug. 17, 2005 -- Winston Hotels, Inc. (NYSE: WXH), a real estate investment trust and owner of premium limited-service, upscale extended-stay and full-service hotels and Grand Heritage Hotel Company, a national hotel owner and manager that specializes in independent, historic hotels, today announced they have formed a joint venture and acquired the 141-room Stanley Hotel in Estes Park, Colo. Winston contributed $3.0 million of the total $5....
Spanish Architect Santiago Calatrava's Proposed $500 million Hotel and Condominium Skyscraper, Called the Fordham Spire, a Hot Topic Among Arch
March 30, 2005
Hotel Online News for the Hospitality Executive By Blair Kamin, Chicago Tribune Knight Ridder/Tribune Business News Aug. 14, 2005 - Here's a new twist on Spanish architect Santiago Calatrava's proposal for a 2,000-foot-tall twisting tower in Chicago: The idea of a tall building corkscrewing into the sky is as old as time, though Calatrava aspires to take it to new heights. The concept goes at least as far back as the Tower of Babel mentioned in the Bible. And it has associations both good and bad. Reaching for the sky is perceived as either getting closer to God or an act of hubris. Archite...
American Leisure Holdings, Inc. Obtains Construction Financing for The Sonesta Orlando Resort at Tierra Del Sol; Upon Completion Resort to Include 972
March 30, 2005
Hotel Online Special Report American Leisure Holdings, Inc. Obtains Construction Financing for The Sonesta Orlando Resort at Tierra Del Sol; Upon Completion Resort to Include 972 Vacation Units and Large-scale Water Park ORLANDO, Fla. - Aug. 18, 2005 -- American Leisure Holdings, Inc. (OTCBB:AMLH), announced today that it has obtained commitments for two credit facilities to be used in the development of The Sonesta Orlando Resort at Tierra del Sol (the "Project"). KeyBank, N.A. issued the commitment wherein it is the lead lender in a $96,600,000 development and construction facility for Phase I of the Resort which con...
The 70 room Sofitel Queenstown Will Set New Benchmarks for Luxury in Queenstown, New Zealand / August 2005
March 30, 2005
Hotel Online Special Report The 70 room Sofitel Queenstown Will Set New Benchmarks for Luxury in Queenstown, New Zealand BANGKOK, 9 August, 2005 - New Zealands first Sofitel hotel, the five-star Sofitel Queenstown, will launch in New Zealands premier resort destination on September 1, 2005. The Sofitel Queenstown features 70 opulent and stylish deluxe rooms, ten executive suites, two penthouse suites, and two levels of restaurants, bars and boutique retail, all in the finest location in the heart of Queenstown. Queenstown is New Zealands most popular resort destination, with the town nestled in the southern...
'Thats So Jacques' / John R. Hendrie / August 2005
March 30, 2005
Hotel Online Special Report "Thats So Jacques" by John R. Hendrie, CEO Hospitality Performance, Inc., August 2005 The Hospitality Industry has spawned many ancillary ventures, aimed at informing the Visitor, guiding them gently to venues of choice, removing the vicarious nature of travel prompting, proselytizing, promoting, and promulgating everything a sophisticated Visitor will need to consider in their travels. One such enterprise, which recently has been written up in both the New York Times and the Boston Globe, features the principals of the Company going about evaluating our Hospitality busine...
The Procaccianti Group Converting the Holiday Inn Miami Beach to a Condo-Owned Hotel – SixtySixty Resort Residences / August 2005
March 30, 2005
Hotel Online Special Report The Procaccianti Group Converting the Holiday Inn Miami Beach to a Condo-Owned Hotel - SixtySixty Resort Residences MIAMI BEACH, FL., August 17, 2005 The sign outside the Holiday Inn on the corner of Indian Creek Drive and 63rd Street in Miami Beach has been changed to SixtySixty Resort Residences. This former Holiday Inn is currently being converted to a condo-owned boutique hotel, with renovations expected to be complete this fall. SixtySixty operates exactly like a traditional hotel, however upscale boutique guestrooms can be purchased as condominiums. Currently seventy-seven...
Hip South Beach Hotel, The Shore Club, Abandons Plans to Convert to a Condo-hotel, Project Falls Apart After Ian Schrager Quit as CEO of Morgans Hot
March 30, 2005
Hotel Online News for the Hospitality Executive By Douglas Hanks III, The Miami Herald Knight Ridder/Tribune Business News Aug. 10, 2005 - The Shore Club has abandoned plans to convert to a condo-hotel, a project that fell apart shortly after Ian Schrager quit as CEO of the company that runs the pricey and hip South Beach hotel. Shore Club management has mostly kept mum about the change in plans, which Schrager blamed on a spat between majority owner Philip Pilevsky and Edward Scheetz, Schrager's successor as chief executive at Morgans Hotel Group. The Shore Club halted condo-hotel ...
Shift4 to Sponsor Inaugural Transaction Security Summit; Summit to Delve into Specifics of Latest Credit Card Security Regulations for Merchants and P
March 30, 2005
Hotel Online .Special Report Shift4 to Sponsor Inaugural Transaction Security Summit; Summit to Delve into Specifics of Latest Credit Card Security Regulations for Merchants and Payment Applications Las Vegas, NV, August 3, 2005 Are you S.A.F.E. Secure Against Fraud Electronically? Join presenters from the card associations, processors, banks, security auditing firms, corporate law firms, leading forensic experts and more at the Transaction Security Summit, September 28 & 29 in Las Vegas, Nevada and discover first hand how to obtain, maintain and certify the security of your payment process. With the rise in c...
The JBG Companies Selects Crestline Hotels & Resorts to Manage the Sheraton Reston, VA; Sami Zeitoun Appointed General Manager / August 2005
March 30, 2005
Hotel Online Special Report The JBG Companies Selects Crestline Hotels & Resorts to Manage the Sheraton Reston, VA Sami Zeitoun Appointed General Manager MCLEAN, Va., Aug. 24, 2005 - Crestline Hotels & Resorts, Inc. today announced its appointment as the new management company for the 301 guest room Sheraton Reston Hotel. The upscale hotel and conference facility is located in suburban Virginia minutes from Washington Dulles International Airport. Hotel guests enjoy the resort-like setting directly across the street from the Reston National Golf Course, and the convenience of being only 20 minutes from Washington, D...
The Gratuity Revolution / John R Hendrie / August 2005
March 30, 2005
Hotel Online Special Report The Gratuity Revolution By John R. Hendrie, CEO, Hospitality Performance, Inc., August 2005 A topic of great discussion recently has been the New York Times extraordinary presentation on the OP ED page, 8/10/05, of Steven A. Shaws thought piece, Tipped Off, focusing upon renown Chef, Thomas Keller, who plans to change the gratuity practice at his restaurant, Per Se, to a flat service charge. This is a decidedly European concept, considered by many US hospitality businesses and then dismissed out of hand. This is a wise decision, for the premise of a service charge versus custom...
Gemstone Resorts International, LLC Signs Contract to Asset Manage the Sedona Rouge Hotel & Spa in Sedona, Arizona / August 2005
March 30, 2005
Hotel Online Special Report Gemstone Resorts International, LLC Signs Contract to Asset Manage the Sedona Rouge Hotel & Spa in Sedona, Arizona PARK CITY, Utah, August 23, 2005 Gemstone Resorts International, LLC, a leading resort management company that specializes in managing and asset managing four- and five-diamond-quality, unique urban hotels and lifestyle resorts, today announced that it has signed a contract to asset manage the Sedona Rouge Hotel & Spa in Sedona, Ariz. We have a strong background in luxury resorts and in the Western region of the country, said Jeff McIntyre, Gemstone principal This is ...
Revenue From Sands Macau Drives Earnings During Las Vegas Sands 2nd Qtr; Counters a Less-than-Stellar Quarter at The Venetian / August 2005
March 30, 2005
Hotel Online News for the Hospitality ExecutiveBy Howard Stutz, Las Vegas Review-JournalKnight Ridder/Tribune Business News Aug. 3, 2005 -- At times during Wednesday's quarterly earnings conference call for Las Vegas Sands Corp., company President Bill Weidner sounded like he was campaigning for mayor of Macau, expounding on the Chinese gaming enclave's numerous growth opportunities through the end of the decade. His bullish outlook was understandable based on the company's second-quarter results. Revenue produced at the Sands Macau drove the earnings of Las Vegas Sands during the three-month period while the company's The Venetian su...
Downtown San Antonio with 11,000 Hotel Rooms Has Five New Hotels Under Development Potentially Adding 2,000 rooms by 2008 / August 2005
March 30, 2005
Hotel Online News for the Hospitality Executive By Melissa S. Monroe, San Antonio Express-News Knight Ridder/Tribune Business News Aug. 30, 2005 --In the next five years, the downtown landscape will become even more crowded with hotels: Several new properties are in development phases, bringing thousands more rooms to the city. While downtown already boasts more than 11,000 hotel rooms, at least five properties under development could add as many as 2,000 rooms by 2008. Even though other Texas metro areas have built up too quickly and then suffered from low occupancy rates, hotel exp...
Stephane Zaharia Appointed General Manager for The CuisinArt Resort & Spa, Anguilla / August 2005
March 30, 2005
Hotel Online Special Report Stephane Zaharia Appointed General Manager for The CuisinArt Resort & Spa, Anguilla NEW YORK, Aug. 24, 2005 - The CuisinArt Resort & Spa, Anguilla, will open its season on October 31, 2005 with a new leader and dedicated team player. Mr. Stephane Zaharia brings extensive hands-on experience to his position as the resort's General Manager, and a firm belief that success lies in teamwork. Zaharia began his career in the hospitality business with the Hyatt Corporation, quickly working his way up the management ladder at the company's U.S. properties. Learning the business from t...
Strategic Hotel Capital, Inc. Reports Net Income Available to Common Shareholders of $4.0 million for Second Quarter 2005 / Hotel Statistics / August
March 30, 2005
Hotel Online Special Report Strategic Hotel Capital, Inc. Reports Net Income Available to Common Shareholders of $4.0 million for Second Quarter 2005 Hotel Statistics CHICAGO, Aug. 2, 2005 - Strategic Hotel Capital, Inc. (NYSE: SLH) today reported results for the second quarter ended June 30, 2005. Highlights Increase of 8.5 percent in North American Total RevPAR, driven by a 7.8 percent increase in non-room revenue and 7.2 percent increase in average daily rate. North American same store Total RevPAR, which excludes acquisitions held under one year, grew 7.0 percent. Net income available to common sharehold...
Sunstone Hotel Investors, Inc. Reports Net Income of $6.8 million for the Quarter Ended June 30, 2005, Compared to Pro Forma Income of $6.4 million fo
March 30, 2005
Hotel Online Special Report Sunstone Hotel Investors, Inc. Reports Net Income of $6.8 million for the Quarter Ended June 30, 2005, Compared to Pro Forma Income of $6.4 million for the Quarter ended June 30, 2004; RevPAR for the 51 Hotels During the 2nd Qtr Up 11.0% / Hotel Operating Statistics SAN CLEMENTE, Calif., Aug. 8, 2005 - Sunstone Hotel Investors, Inc. (the "Company") (NYSE: SHO) today announced results of operations for the second quarter and six months ended June 30, 2005. HIGHLIGHTS Q2 2005: Same-store revenue per available room ("RevPAR") growth of 11.0% over Q2 2004. Total revenue of $132.2 mill...
Hotelier Paul Rusesabagina, the Real-life Inspiration for the Movie Hotel Rwanda, Will Deliver the Keynote Presentation at the 2005 IH/M&RS Hospitalit
March 30, 2005
Hotel Online Special Report Hotelier Paul Rusesabagina, the Real-life Inspiration for the Movie Hotel Rwanda, Will Deliver the Keynote Presentation at the 2005 IH/M&RS Hospitality Leadership Forum WHITE PLAINS, NY, August 17, 2005 Hotelier Paul Rusesabagina, the real-life inspiration for the movie Hotel Rwanda, will deliver the keynote presentation at the 2005 Hospitality Leadership Forum. The Forum, a pre-show trend conference for the International Hotel/Motel & Restaurant Show (IH/M&RS), will feature a full day of educational programming for upper level management in the hospitality industry. The Hospitality Le...
The Suncadia Resort and Golf Community Will Provide the Pacific Northwest with Another Must-stop Destination for Golf Enthusiasts / August 2005
March 30, 2005
Hotel Online News for the Hospitality Executive By Steve Bergum, The Spokesman-Review, Spokane, Wash. Knight Ridder/Tribune Business News Aug. 20, 2005 - ROSLYN -- It has been 10 years since the cast and crew of ABC's Monday night hit television show Northern Exposure packed up and left this former mining town, nestled in the shadows of the Cascade Mountains, about 80 miles east of Seattle. But suddenly, a new sense of excitement seems to have touched the once-sleepy community of about 1,000. The stir has been created by the Suncadia resort and golf community, which is being built al...
Billionaire Robert L. Johnson's Role as Owner or Fee-based Developer in Baltimore's $305 million Publicly Financed Convention Center Hotel U
March 30, 2005
Hotel Online News for the Hospitality Executive Billionaire Robert L. Johnson's Role as Owner or Fee-based Developer in Baltimore's $305 million Publicly Financed Convention Center Hotel Uncertain By Lorraine Mirabella, The Baltimore Sun Knight Ridder/Tribune Business News August 26, 2005 - Billionaire Robert L. Johnson, initially touted as the lead player in Baltimore's convention center hotel but consigned to a lesser role when the city decided to develop the hotel itself, could end up with no role at all. And Johnson's company, RLJ Development LLC of Bethesda, and partner Quadrangle Development Corp. might ...
Robert Foster Named President of Noble House Hotels & Resorts / August 2005
March 30, 2005
Hotel Online Special Report Robert Foster Named President of Noble House Hotels & Resorts SEATTLE, WA (August 15, 2005) Pat Colee, chairman of Noble House Hotels & Resorts (www.noblehousehotels.com) has appointed Robert Foster president of the company, inclusive of its 12 boutique styled hotels and resorts, located across the United States. Bob is a very respected hospitality executive, who has proven over the years that he leads great teams in creating great guest experiences, said Pat Colee, chairman of Noble House Hotels & Resorts. Hell now lead Noble House into a very exciting time of expected growth a...
Fractional Ownership Market Booming / August 2005
March 30, 2005
Hotel Online Special Report Fractional Ownership Market Booming The Ritz-Carlton Club Recognized as Industry Leader ASPEN HIGHLANDS and BACHELOR GULCH, Colo., Aug. 25, 2005 - Fractional ownership is appealing to a growing number of vacationers who want an exclusive home environment where their every need and desire is met -- and The Ritz-Carlton Club has established itself as the industry leader in this niche. "Instead of paying $5 million or more for a home in Aspen, Colo., for example, this new breed of vacation home owner is purchasing luxury condominiums at the base of Aspen Highlands for about $300,000 and u...
Edward Giannasca, a Developer of Baltimore's Ritz-Carlton Residences, Files Countersuit Against Partners Claiming They Cheated Him Out of His O
March 30, 2005
Hotel Online News for the Hospitality Executive By Lorraine Mirabella, The Baltimore Sun Knight Ridder/Tribune Business News Aug. 18, 2005 - A developer of Baltimore's Ritz-Carlton Residences who has been accused of fraud by his partners filed a lawsuit in return yesterday, saying they cheated him out of his ownership interest in the $250 million luxury condo project under construction at the foot of Federal Hill. Edward V. Giannasca II, in a nine-count lawsuit that two attorneys said was filed yesterday in U.S. District Court in Baltimore, accused owners of New York-based Midtown Equities ...
March 30, 2005
Hotel Online Special Report HSMAIS Revenue Management Special Interest Group Makes Huge Strides in Start-up Year MCLEAN, VA (August 11, 2005) In just one year since launching its Revenue Management Special Interest Group (SIG), the Hospitality Sales and Marketing Association International (HSMAI) reports significant accomplishments, from hosting Strategy Conferences with impressive turnouts to a variety of education and training initiatives. The first Revenue Management Strategy Conference had 100 participants, while the second annual event had over 160 attendees, in which two-thirds of the hotel representativ...
Florida's Department of Health Issues Final Report Concerning Alleged Food Poisoning at Hawks Cay Resort in the Florida Keys / August 2005
March 30, 2005
Hotel Online News for the Hospitality ExecutiveBy Michael Welber, Florida Keys Keynoter, MarathonKnight Ridder/Tribune Business News Jul. 30, 2005 - After a month of waiting, the news on the alleged food poisoning incident at Hawks Cay Resort in June is finally in. The report brings both good and not-so-good news. The positive part is that the State Department of Health found no specific cause for the incident, which occurred when 80 Monroe County Health Department employees lunched at the Duck Key resort. According to Juan Suarez, regional environmental epidemiologist for the health department for food and water borne disease, his t...
