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November 4th, 2024
Las Vegas Developer Steven Molasky Planning Two 300-unit Condominium Towers at Red Rock Station in a Joint Venture with Station Casinos / August 20
March 30, 2005
Hotel Online News for the Hospitality ExecutiveBy Hubble Smith, Las Vegas Review-JournalKnight Ridder/Tribune Business News Jul. 29, 2005 - Gaming companies are realizing the need for a strong residential component in their properties, Las Vegas developer Steven Molasky said Thursday in announcing plans to build two 300-unit condominium towers at Red Rock Station in a joint venture with Station Casinos. "The new Vegas is going to be mixed-use projects along with gaming," said Molasky, chairman and chief executive officer of Molasky-Pacific. "I believe the Station group is incredibly well-managed and has realized this." The project wo...
Condo-Hotels: Expanding the Options for Lodging Development / Anwar Elgonemy / August 2005...
March 30, 2005
Hotel Online Special Report Condo-Hotels: Expanding the Options for Lodging Development By Anwar Elgonemy Vice President, Jones Lang LaSalle, San Francisco August 2005 How do Condo-Hotels Work? By no means a novelty, the condo-hotel model is showing resurgence due to rising condo prices and the current "Midas Touch" perception of residential real estate. The most successful condo-hotels are those built as hotels first and then as condominiums second, as public space is needed to sell hotel rooms, while unit owners share in the popularity and success of the lodging operation. Alternatively, many deals have floundere...
Flags for Two Columbus, Georgia Hotels in Limbo; From Wyndham Brand to Marriott and Amerisuites Brand to Hyatt Place / August 2005...
March 30, 2005
Hotel Online News for the Hospitality Executive By Tony Adams, Columbus Ledger-Enquirer, Ga. Knight Ridder/Tribune Business News Aug. 16, 2005 - Columbus appears to be just weeks away from landing a full-service Marriott and upstart Hyatt hotel brand. Crews used a crane Monday to take down the former Wyndham sign at 800 Front Ave. The logo of the Dallas, Texas-based lodging chain has been covered several months while Columbus-based Valley Hospitality -- the 177-room property's owner -- seeks to change its flag from Wyndham to the more upscale and recognized Marriott name. In the inte...
The City of Columbia, South Carolina Being Sued by Developers and Architects for Fees after Abandoning Public Hotel Project / August 2005...
March 30, 2005
Hotel Online News for the Hospitality ExecutiveBy John C. Drake, The State, Columbia, S.C.Knight Ridder/Tribune Business News Jul. 29, 2005 - A third local firm has sued the city of Columbia for backing out of plans to publicly finance a convention center hotel. Stevens & Wilkinson, the architectural firm that drew up the plans for a 300-room Hilton hotel, wants $1.3 million from the city. The city already faces a $2.1 million lawsuit filed in March by Gary Realty and Garfield Traub Development, members of the local team that worked on the public deal. The city decided in March 2004 to seek private proposals for a convention center h...
Winegardner & Hammons Set to Open 295 room Cleveland Marriott East, Todd Raburn Appointed General Manager / August 2005...
March 30, 2005
Hotel Online Special Report Winegardner & Hammons Set to Open 295 room Cleveland Marriott East; Todd Raburn Appointed General Manager CLEVELAND, OH August 11, 2005 In preparation for the September arrival of the upscale, full-service, Cleveland Marriott East, Todd Raburn was appointed General Manager and currently oversees recruiting and the pre-opening sales office, which has officially opened at 2000 Auburn Drive, Suite 450 in Beachwood, according to Winegardner & Hammons, Inc., the hotels management company. This 17-year industry veteran, a former general manager in the Columbus, Ohio area, has also been an e...
CNL Hotels & Resorts Selects Interstate to Manage the Claremont Resort & Spa in Berkeley, California / August 2005...
March 30, 2005
Hotel Online Special Report CNL Hotels & Resorts Selects Interstate to Manage the Claremont Resort & Spa in Berkeley, California ORLANDO, Fla., Aug. 1, 2005 - CNL Hotels & Resorts, Inc., the nation's second largest hotel real estate investment trust, and Interstate Hotels & Resorts (NYSE:IHR), the nation's largest independent hotel management company, jointly announced today that they had entered into an agreement in which Interstate will manage the landmark Claremont Resort & Spa in California. The Claremont Resort & Spa marks the 24th hotel in the 100-property portfolio of CNL Hotels & Resorts that is being managed b...
Choice Hotels Opens Newly Developed Comfort Suites and Clarion Collection Brand Hotels / August 2005...
March 30, 2005
Hotel Online Special Report Choice Hotels Opens Newly Developed Comfort Suites and Clarion Collection Brand Hotels Silver Spring, MD (August 5, 2005)Choice Hotels announces the opening of these newly developed Comfort Suites, and Clarion Collection brand hotels. Comfort Suites , 143 Clovis Ave, Clovis, CA, US, 93612 Phone: (559) 299-9992 Owned and operated by Davinder Kirk and Pritpal Kaur, the newly built Comfort Suites offers free continental breakfast, free local calls, free coffee and an outdoor heated pool. Business travelers will appreciate the high-speed Internet access, computer hook-ups and access to copy and...
Chateau Resort and Conference Center in Tannersville, Pennsylvania Purchased by Milestone Capital Corporation / August 2005...
March 30, 2005
Hotel Online Special Report Chateau Resort and Conference Center in Tannersville, Pennsylvania Purchased by Milestone Capital Corporation August 2005 - Boca Raton, Florida based Milestone Capital Corporation, owner of fifteen hotel properties in six states, announced this morning their acquisition of the Chateau Resort and Conference Center (300 Camelback Road, Tannersville, PA 18372), and unveiled plans for a $3.1 million renovation effort which is set to begin immediately. The announcement was made at Milestones corporate headquarters located in Boca Raton, Florida. The property will be managed by Milestones o...
Channel Management – Controlling eCommerce Distribution / August 2005...
March 30, 2005
Hotel Online Special Report Channel Management - Controlling eCommerce Distribution August 31, 2005 - With the amount of 3rd party website still rapidly growing and traditional tour operators moving more and more online, channel management solution like RateTigers Allocator are becoming more and more indispensable for revenue managers. RTAllocator is an application allowing you to manage your rates, availability, cut-offs, MLOS restrictions, etc. from one screen for all distributors at the same time. It interfaces to over 110 different 3rd party websites and tour operators. Managing a rate parity strategy or any other...
The California Department of Corporations Files Suit Against Fund Manager; Claims He Conned 25 Investors Nationwide out of $1.5 million for a Bogus
March 30, 2005
Hotel Online News for the Hospitality Executive By Susan Abram, Daily News, Los Angeles Knight Ridder/Tribune Business News Aug. 17, 2005 - The state Department of Corporations has filed suit against a Los Angeles businessman, claiming he conned 25 investors nationwide out of $1.5 million for a bogus casino planned near Six Flags California, Valencia. The complaint filed in Los Angeles Superior Court claims Tom Kelly, a manager of First California Diversified Fund LLC, used the names of three American Indian tribes to convince people to invest $25,000 a share for an interest in the casino. ...
Luck Ran Out on Biloxi's Casino Row / August 2005...
March 30, 2005
Hotel Online News for the Hospitality Executive By Dahleen Glanton, Chicago Tribune Knight Ridder/Tribune Business News BILOXI, Miss. -- August 31, 2005 - In peaceful times the Gulf of Mexico serves as a quiet backdrop against the city's bustling casino row. But Tuesday this gambling city was in ruins, the victim of a hurricane that turned the gulf into a weapon that destroyed almost everything in its path. This is a city that thrives on luck. And as far as major hurricanes go, Biloxi has fared well since Hurricane Camille came through in 1969. But on Monday, luck ran out with the arrival of Hurricane Katrina. ...
Casino Operators Struggle to Manage Mounting Waves of Federal and State Regulations / August 2005...
March 30, 2005
Hotel Online News for the Hospitality Executive By Rod Smith, Las Vegas Review-Journal Knight Ridder/Tribune Business News Aug. 17, 2005 - Casino operators and slot manufacturers are struggling to manage mounting waves of private, federal and state regulations, industry experts said Tuesday. The latest concern is new regulations from credit card companies, due out in September, that are designed to protect against the growing national problem of identity theft. But for the gaming industry, expansion to new jurisdictions and rapidly changing technology-- especially downloadable games ...
The Carneros Inn, Napa Valley's Luxury Resort, Breaks Ground On Phase Two Construction; New Facilities Include Additional Cottages, Full-Service
March 30, 2005
Hotel Online Special Report The Carneros Inn, Napa Valley's Luxury Resort, Breaks Ground On Phase Two Construction . New Facilities Include Additional Cottages, Full-Service Restaurant, Town Square and Retail Space NAPA, Calif. (August 2, 2005) - PlumpJack Group and Carneros Partners are pleased to announce that Phase Two construction is underway at The Carneros Inn, Napa Valley's newest luxury resort located amid the vineyards in the heart of Napa Valley's beautiful Carneros winegrowing district. "The original vision for The Carneros Inn called for successfully establishing the first phase of the project before ini...
The Hotel Terminal Cap Rate Delimma / PKF / August 2005...
March 30, 2005
Hotel Online Special Report The Hotel Terminal Cap Rate Delimma PKF August 2005 - Persistent low, long-term interest rates and the no-end-in-sight recovery of the lodging sector create a dilemma for hotel Discounted Cash Flow (DCF) number crunchers regarding the selection of a terminal cap rate (the rate used to estimate resale value at the end of the holding period). With capitalization rates sinking deeper into the single digits, sellers of respectable-looking hotels have begun to appear en masse under the theory that prices will not move much higher than today's levels. Liquid buyers come to terms with ...
Harrah's Entertainment Re-branding the 503 room Caesars Indiana to a Horseshoe Casino / August 2005...
March 30, 2005
Hotel Online Special Report Harrah's Entertainment Re-branding the 503-room Caesars Indiana to a Horseshoe Casino ELIZABETH, Ind., Aug. 18, 2005 - One of the casino industry's most historic brands is coming to Southern Indiana, as Harrah's Entertainment (NYSE: HET) announced today that it will re-brand Caesars Indiana to a Horseshoe casino and intensify a planning process to upgrade customer service and enhance guest entertainment experiences. Harrah's acquired the property as part of the merger with Caesars Entertainment on June 13 of this year. "It's very exciting to be able to offer the legendary Horseshoe experie...
Double Diamond Resorts Appoints Chris Tomboni as Executive Chef at The Cliffs Resort on Possum Kingdom Lake, Texas / August 2005...
March 30, 2005
Hotel Online Special Report Double Diamond Resorts Appoints Chris Tomboni as Executive Chef at The Cliffs Resort on Possum Kingdom Lake, Texas DALLAS (August 25, 2005) Double Diamond Resorts today announced the addition of Chris Tomboni as Executive Chef at The Cliffs Resort on Possum Kingdom Lake. Tomboni joins Double Diamond with a background of 5-Star culinary experience. Among Tombonis culinary stops was Dallas Adolphus Hotel, where he worked alongside Master Chef Jean Blanchett in the 5-Star French Room. From there, Tomboni was promoted to the position of Opening Executive Chef for The Adolphus sister ...
CSM Lodging Acquires the Milwaukee Marriott West / August 2005...
March 30, 2005
Hotel Online Special Report CSM Lodging Acquires the Milwaukee Marriott West MINNEAPOLIS August 4, 2005 CSM Lodging announced today that it has purchased the Milwaukee Marriott West, the companys second full-service Marriott hotel. This acquisition, the companys sixth in the past year, brings the total number of hotels owned and operated by CSM Lodging to 38 nationwide. Last month, CSM Lodging unveiled its first full-service hotel, the Marriott Minneapolis West, a former Holiday Inn that the company renovated from top to bottom. We are thrilled to have entered the full-service hotel arena with two beautiful...
Former Wyndham Execs Colleen Quinn and Frank Solano Join FelCor as VP's of Asset Management / August 2005...
March 30, 2005
Hotel Online Special Report Former Wyndham Execs Colleen Quinn and Frank Solano Join FelCor as VP's of Asset Management IRVING, Texas August 24, 2005 FelCor Lodging Trust Incorporated (NYSE: FCH), one of the nations largest hotel real estate investment trusts (REITs), today announced Colleen Quinn and Frank Solano as Vice Presidents of Asset Management. Colleen Quinn (age 38) was most recently Divisional Vice President of Sales and Marketing for Dallas-based Wyndham International. During her 10-year tenure with Wyndham, she also held various management positions including Executive Director of National...
CNL Hotels & Resorts, Inc. Reports Net Income of $32.9 million for the 2nd Qtr Ended June 30, 2005 / Hotel Operating Statistics / August 2005...
March 30, 2005
Hotel Online Special Report CNL Hotels & Resorts, Inc. Reports Net Income of $32.9 million for the 2nd Qtr Ended June 30, 2005 Hotel Operating Statistics ORLANDO, Fla., Aug. 15 - CNL Hotels & Resorts, Inc., the nation's second largest hotel real estate investment trust ("REIT"), today announced results for the second quarter ended June 30, 2005. The following results are compared to the second quarter or year-to-date periods ended June 30, 2004. Second Quarter & Year-to-Date Highlights Total revenue increased 9.0% to $391.4 million for the quarter, and 40.1% to $791.0 million year-to-date. Revenue per available r...
Christopher Gould, an Apprentice at the The BALSAMS Grand Resort Hotel in Dixville Notch, N.H Named 2005 Student Culinarian of the Year by the America
March 30, 2005
Hotel Online Special Report Christopher Gould, an Apprentice at the The BALSAMS Grand Resort Hotel in Dixville Notch, N.H Named 2005 Student Culinarian of the Year by the American Culinary Federation BUFFALO, N.Y. (Aug. 9, 2005) Visitors at The BALSAMS Grand Resort Hotel in Dixville Notch, N.H., will soon be tasting creations from America's newly named 2005 Student Culinarian of the Year. Christopher Gould, an apprentice at the Delaware North-managed property, recently competed in a two-hour cook-off in front of more than 1,600 professional chefs to earn gold at the American Culinary Federation's (ACF) 2005 Nationa...
Boykin Management Company Appoints Craig Campbell as Vice President of Sales / August 2005...
March 30, 2005
Hotel Online Special Report Boykin Management Company Appoints Craig Campbell as Vice President of Sales Cleveland, Ohio, August 11, 2005Boykin Management Company is pleased to announce the appointment of Craig Campbell as Vice President of Sales. Mr. Campbell joined Boykin Management in 2002, serving as the Director of Sales and Marketing at the Doubletree Hotel and Executive Meeting Center Portland Lloyd. Craig led his team to achieve an 11.4% increase on annual group booking pace over 2003 and in 2004 successfully opened Portlands only Executive Meeting Center approved by the International Association of ...
Once Again, it is Time to Ask: To Buy a Hotel or Build a Hotel? / R. Mark Woodworth / August 2005...
March 30, 2005
Hotel Online Special Report Once Again, it is Time to Ask: To Buy a Hotel or Build a Hotel? by: R. Mark Woodworth, August 2005 What has once happened will invariably happen again, when the same circumstances which combined to produce it, shall again combine in the same way. Abraham Lincoln, Springfield, Illinois, December 26, 1839 When contemplating these sage words uttered by Lincoln over 175 years ago, we once again asked ourselves the question: are the historic market conditions that stimulated new construction in the past now appearing on the horizon? If so, are we likely to s...
Rich Worldwide Travel Direct Adds BusinessJet Class Private Air Charter GDS Capability / August 2005...
March 30, 2005
Hotel Online Special Report Rich Worldwide Travel Direct Adds BusinessJet Class Private Air Charter GDS Capability New York, NY (August 15, 2005) -- BusinessJet Class, the private jet GDS providing safe and simple access to the large and lucrative market of private jet charters, has signed a subscriber agreement with Rich WorldwideTravel, a member of the Virtuoso luxury travel network, that enhances the company's private air charter booking capabilities. As a BusinessJet Class subscriber, Rich WorldwideTravel agents can book private jet charters 24/7 with an agent-friendly GDS format and fully automated booking syste...
Hotel-Online Teams with BuildCentral to Offer Hotel Construction Project Reports / August 2005...
March 30, 2005
Hotel Online Special Report Hotel-Online Teams with BuildCentral to Offer Hotel Construction Project Reports Chicago, IL. August 24, 2005 - Vendors and suppliers to the hotel industry can now access detailed profiles on thousands of hotel projects through New Hotel Construction Projects, a new online source available through Hotel-Online.com. Hotel Online has partnered with BuildCentral Inc. to offer an easy and economical way to search and access a database of more than 1,500 hotel construction project reports nationwide. Each report provides a detailed profile of the project, including construction schedule, location,...
