Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
Summit Hotel Properties, LLC Acquires Four Limited-service Hotels for Approximately $18 million; Portfolio Grows to 60 Hotels in 21 States / June 2005
February 28, 2005
Hotel Online Special Report Summit Hotel Properties, LLC Acquires Four Limited Service Hotels for Approximately $18 million Portfolio Grows to 60 Hotels in 21 States SIOUX FALLS, S.D. - June 27, 2005 -- Summit Hotel Properties, LLC, an affiliate of The Summit Group, Inc., today announced it has purchased four leading-brand, limited-service hotels. These transactions are part of the overall growth strategy of The Summit Group, a leading developer, owner, and manager of upscale limited-service hotels nationwide. Under these agreements, Summit has purchased 316 rooms for approximately $18 million -- or $57,000...
AWI Gaming, Inc. Acquiring Sturgeon's Inn & Casino in Lovelock, Nevada / June 2005...
February 28, 2005
Hotel Online Special Report AWI Gaming, Inc. Acquiring Sturgeon's Inn & Casino in Lovelock, Nevada LAS VEGAS, June 21, 2005 - American Wagering, Inc. today announced that AWI Gaming, Inc. ("AWIG"), a wholly owned subsidiary of the Company, has entered into a definitive agreement to purchase Sturgeon's Inn & Casino ("Sturgeon's"). Sturgeon's is a full service hotel, casino and restaurant operation located adjacent to Interstate 80 in Lovelock, Nevada (approximately 90 miles east of Reno, Nevada). The facility contains over 65,000 square feet including the following: Casino area with 120 gaming devices, bar, ca...
Prescott Realty Group and Apollo Real Estate Advisors Planning to Spend $100 million on Adding a Condo Tower and Renovating The Stonleigh Hotel in
February 28, 2005
Hotel Online News for the Hospitality ExecutiveBy Steve Brown, The Dallas Morning NewsKnight Ridder/Tribune Business News Jun. 8, 2005 - After almost two years of planning, the Stoneleigh Hotel is getting some company. Developers unveiled plans Tuesday for the 21-story condo tower that will adjoin the landmark hotel. Work will start early next year on the tower, and the condos will start at just under $400,000. The hotel is getting a complete redo as part of the project but will stay open during the renovations. Prescott Realty Group The brick and stone high-rise will be tied to the Stoneleigh Hotel with a garden and co...
Pacifica Companies Acquiring the 198 room Radisson in Stockton, California / June 2005...
February 28, 2005
Hotel Online News for the Hospitality ExecutiveBy Michelle Machado, The Record, Stockton, Calif.Knight Ridder/Tribune Business News Jun. 23, 2005 - STOCKTON -- A San Diego-based real estate group plans to purchase the Radisson Hotel Stockton and to spend "millions" on renovations. Pacifica Cos. Inc. is buying the 198-room hotel at 2323 Grand Canal Blvd. from AP/APMC Stockton LP in a sale expected to be completed in early August. Terms of the sale were not disclosed. "We're excited about the redevelopment of the downtown. It's an attractive investment for our company," said Len Howell, director of national acquisitions for Pacifica's ...
New York Yankees Owner George Steinbrenner Sells the 257 room Radisson Bay Harbor Hotel in Tampa for $13.5 million / June 2005...
February 28, 2005
Hotel Online News for the Hospitality ExecutiveBy Randy Diamond, Tampa Tribune, Fla.Knight Ridder/Tribune Business News Jun. 16, 2005 - TAMPA -- New York Yankees owner George Steinbrenner has sold his Radisson Bay Harbor hotel on the Courtney Campbell Parkway, a Tampa real estate investment group said. Ben Wacksman, who heads Capital Realty Investors, said Wednesday that he purchased the hotel for $13.5 million. Steinbrenner did not return phone calls. But in an interview last spring, Steinbrenner said he was in the hotel business because he enjoyed it. Besides the Radisson, Steinbrenner owns several hotels in Ocala, including a Rama...
InterContinental Hotels Group Opens its 80th Staybridge Suites in Sioux Falls, South Dakota / June 2005...
February 28, 2005
Hotel Online Special Report InterContinental Hotels Group Opens its 80th Staybridge Suites in Sioux Falls, South Dakota ATLANTA (June 14, 2005) - InterContinental Hotels Group announced today that Staybridge Suites has opened the doors of its 80th hotel, a 90-room all-suite hotel in Sioux Falls, S.D. With the addition of the Staybridge Suites Sioux Falls, the InterContinental Hotels Group portfolio in South Dakota is represented by three of its brands including full service, limited service and upscale extended-stay segments with 22 hotels and 2,070 rooms. "We are pleased to announce the opening of our first St...
Stanford Hotels Corporation Acquires the Hilton Charlotte for $56 million; Hilton Brand to be Retained; Significant Investment Planned / June 2005...
February 28, 2005
Hotel Online Special Report Stanford Hotels Corporation Acquires the Hilton Charlotte for $56 million; Hilton Brand to be Retained; Significant Investment Planned CHARLOTTE, N.C. - June 28, 2005 -- Hilton Hotels Corporation (NYSE:HLT) announced today that San Francisco based Stanford Hotels Corporation has purchased the Hilton Charlotte in North Carolina for $56 million. Stanford officials said they plan to continue operations under the Hilton brand and retain the current team members. In addition, Stanford said it plans to invest $6-$8 million in renovations. "We are pleased to have completed this transaction ...
HREC Investment Advisors Announces Listing For Sale of St. Mary Lodge and Resort, Including 86 Acres of Land Adjacent to Glacier National Park, St. Ma
February 28, 2005
Hotel Online Special Report HREC Investment Advisors Announces Listing For Sale of St. Mary Lodge and Resort, Including 86 Acres of Land Adjacent to Glacier National Park, St. Mary, Montana 117-Room Lodge is Finest Facility of its Kind The Land, Adjacent to Glaciers East Gate, Offers the Only Opportunity to Own the Gate to a Major National Park in the United States NEW YORK, June 29, 2005 HREC Investment Advisors, a leading international hotel brokerage and investment banking group, with offices in Denver, New York City, Chicago, and Tampa, announced that it has been selected as the exclusive adv...
Wynn Resorts Las Vegas Selects PAR'S SpaSoft / June 2005...
February 28, 2005
Hotel Online Special Report Wynn Resorts Las Vegas Selects PAR'S SpaSoft New Hartford, NY - May 19, 2005 - 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 Wynn Las Vegas has installed SpaSoft as the system of choice for their spa in Las Vegas, Nevada. With 45 treatment rooms, the Spa offers space massage, body treatments, facials and hydrotherapy. Separate women's and men's facilities with showers, steam rooms, saunas and whirlpools ensure comfort and privac...
LaSalle Investment Management Acquires the 454 room Sofitel Silom in Bangkok for Approximately USD 29.4 million / June 2005...
February 28, 2005
Hotel Online News for the Hospitality ExecutiveBangkok Post, ThailandKnight Ridder/Tribune Business News Jun. 2, 2005 - Sansiri Plc has sold its Sofitel Silom Hotel for 1.2 billion baht to LaSalle Investment Management, a multinational real estate investment company, in partnership with Accor Asia Pacific, according to executives. The listed developer will earn a profit of nearly 520 million baht on the deal, having acquired the 454-room hotel in August 2002 for 684 million baht. LaSalle Investment Management, which manages more than US$26.4 billion worth of public and private assets for leading institutions, said it would look for ...
...
February 28, 2005
GuestWare Unveils New SmartRunner for Pocket PC and Java-Enabled Cell Phones at HITEC . Application Adds Speed, Functionality to Industrys Leading Rapid Response System SEATTLE June 15, 2005 Diversified Computer Corp. (DCC), maker of GuestWare, the lodging industrys leading customer relationship management software, announced that it will introduce its new SmartRunner Rapid Response application for Pocket PCs and specific Java-enabled cell phones at HITEC. The new version offers dramatic improvements in speed and functionality when compared with e-mail-based messaging systems. Whether it is a Pocket PC over...
Hotel Supplier Sites versus Online Travel Agents; The War Chronicles / Neil Salerno / June 2005...
February 28, 2005
Hotel Online Special Report Hotel Supplier Sites versus Online Travel Agents; The War Chronicles By: Neil Salerno, Hotel Marketing Coach June 2005 Cmon people do we really need to chronicle and perpetuate the war between hotel supplier and online travel agent sites? The fact is that travel agent booking portals are not going away anytime soon. Franchises learn to live with that. It seems that more and more people are reporting on and/or choosing sides on this issue. The online war between hotel direct suppliers and online travel agents appears to stimulate many people inside and outside the hotel in...
Singapore Expects to See Tourists Double in 10 years – But Will the Hotel Industry Be Ready? / June 2005...
February 28, 2005
Hotel Online Special Report Singapore Expects to See Tourists Double in 10 years - But Will the Hotel Industry Be Ready? June 2005 - Located in the heart of Southeast Asia, Singapore has for centuries been a bridge between the East and West, bursting with culture, cuisine, arts and architecture. The country ranks among one of the smallest and most densely populated in the world. However, this has not stopped Singapore from thinking big. In January the Minister for Trade and Industry announced plans to double visitor arrivals and triple tourism receipts over the next ten years. As Singapore embarks upon t...
Signature Worldwide and Smith Travel Research Announce Alliance to Deliver Star Report Training / June 2005...
February 28, 2005
Signature Worldwide and Smith Travel Research Announce Alliance to Deliver Star Report Training COLUMBUS, OH (June 13, 2005) Signature Worldwide and Smith Travel Research announced today an alliance that will provide more in-depth training to hotels looking to better utilize the information found in the Smith Travel Research STAR Report. Signature, a global leader in business and training solutions in the hospitality industry, and Smith Travel Research, the authority on the industrys overall performance trends, formed the alliance after recognizing an opportunity to better serve Smith Travel Research clients. Smith Trav...
Santa Monica's Shutters on the Beach Redefines the Brand; Re-invented Room Designed by Michael S. Smith / June 2005...
February 28, 2005
Hotel Online Special Report Santa Monica's Shutters on the Beach Redefines the Brand; Re-invented Room Designed by Michael S. Smith SANTA MONICA, Calif., June 7, 2005 - In a city that has created stars and redefined makeovers, Shutters on the Beach will surpass even the loftiest of expectations when it unveils its new look and new services this summer. Introducing a reinvention on every level from its design to exclusive new in-room concepts, upscale amenities, high-tech capabilities and custom-tailored client conveniences, Shutters on the Beach, has created a totally new standard in luxury hotels. Shutters on th...
New England Resort Becomes Second Shell Vacations Systems Franchisee / June 2005...
February 28, 2005
Hotel Online Special Report New England Resort Becomes Second Shell Vacations Systems Franchisee June 24, 2005 Northbrook, IL -- After a five-year search for the ideal New England timeshare property, Shell Vacations Club (SVC) has made a major commitment to the region with the affiliation of its second franchised vacation ownership resort. Shell Vacations Systems (SVS) second franchisees are Perry Williams and Paul Peck, developers of Crotched Mountain Resort & Spa. Located in the historic community of Francestown, New Hampshire, the resort is set amidst 675 pristine wooded acres with rolling hills and abundant stone...
SECURE-RES Appoints Two To Sales-Leadership Team / June 2005...
February 28, 2005
Hotel Online Special Report SECURE-RES Appoints Two To Sales-Leadership Team Jacksonville, FL June 23, 2005 SECURE-RES, a pioneer in online marketing services for the hospitality industry, has announced the appointment of two key new employees to its sales-leadership team, according to SECURE-RES company president, Joe Hyman. Don Bosworth, CHA, was recently named vice president of sales. His responsibilities will include building and managing the sales team, training, and direct sales to key accounts. Bosworth comes to SECURE-RES after having served as director of sales for The Club at Hammock Beach, a five star own...
Bank Seeks Foreclosure on the 212 room Hotel Seagate in Downtown Toledo / June 2005...
February 28, 2005
Hotel Online News for the Hospitality ExecutiveBy Julie M. McKinnon, The Blade, Toledo, OhioKnight Ridder/Tribune Business News Jun. 22, 2005 - A financial cloud again has been cast over a downtown Toledo hotel next to the convention center. A Chicago bank has asked to foreclose on the Hotel Seagate because of unpaid bills, and it is negotiating with several unnamed buyers for the 35-year-old property next to the SeaGate Convention Centre. But an executive of National Republic Bank of Chicago, which has filed litigation to recover more than $4.5 million, said yesterday the 19-story hotel on Summit Street at Jefferson Avenue will not be...
Spokane Howard Johnson Inn's Fredrick Schoener Named Howard Johnson International's National Salesperson of the Year / June 2005...
February 28, 2005
Hotel Online Special Report Spokane Howard Johnson Inn's Fredrick Schoener Named Howard Johnson International's National Salesperson of the Year Spokane, WA June 10, 2005 Howard Johnson International recently presented Fredrick Schoener of the Spokane Howard Johnson Inn with its National Salesperson of the Year award. This is a back-to-back wins for Mr. Schoener taking this award at 2003, 2005 conventions. No other Director of Sales has been honored with these awards two consecutive conventions. This honor recognizes salespeople who consistently excel at developing relationships, promoting their hotel...
Nina Santellanes Appointed Director of Sales and Marketing for the Hyatt Regency Tamaya Resort & Spa in New Mexico / June 2005...
February 28, 2005
Hotel Online Special Report Nina Santellanes Appointed Director of Sales and Marketing for the Hyatt Regency Tamaya Resort & Spa in New Mexico Santa Ana Pueblo, NM (June 2, 2005) Hyatt Regency Tamaya Resort & Spa announces the appointment of Nina Santellanes to the position of director of sales and marketing. Santellanes will oversee the transient and group sales teams, as well as the marketing efforts for the 350-room resort, which offers ample meeting space to accommodate any size group. The Hyatt Regency Tamaya Resort & Spa is located on a Native American reservation between Santa Fe and Albuquerqu...
Sanibel Resort & Spa Management Team Cited for Leadership In the Conception and Launch of the Resort & Hospitality Management Degree Program at Florid
February 28, 2005
Hotel Online Special Report Sanibel Resort & Spa Management Team Cited for Leadership In the Conception and Launch of the Resort & Hospitality Management Degree Program at Florida Gulf Coast University FORT MYERS, Fla. (June 15, 2005) Sanibel Harbour Resort & Spa has received the Outstanding Patron Tribute for its leadership during the recent conception and launch of the Resort & Hospitality Management degree program at Florida Gulf Coast University. The tribute was presented at the Wanderlust Travel Auction, the major fundraiser for the program with proceeds going toward school operations. In p...
Sandals Resorts Installs Execuvue Business Intelligence for its 20 Properties / June 2005...
February 28, 2005
Sandals Resorts Installs Execuvue Business Intelligence for its 20 Properties . Sandals Uses Execuvue to Standardize Multi-Currency Revenue Reporting and Performance Analysis Across Its International Resort Chain Visit Aptech at HITEC in booth 719 June 16, 2005 - Sandals Resorts has completed installation of Aptech's Execuvue® Business Intelligence to automate and analyze multi-currency key performance metrics for its 20 resort properties, Aptech announced today. David Davies, CFO for Sandals said, "The Sandals management team is using Execuvue to more efficiently manage its financial reporting in terms of time...
San Remo Hotel in San Francisco Responds to U.S. Supreme Court Decision in Property Rights Case / June 2005...
February 28, 2005
Hotel Online Special Report San Remo Hotel in San Francisco Responds to U.S. Supreme Court Decision in Property Rights Case SAN FRANCISCO - June 20, 2005 -- Owners of the historic San Remo Hotel in San Francisco point to today's U.S. Supreme Court decision as a signal that property owners in future cases may gain improved access to the court system for Fifth Amendment claims against local regulations of private property. In deciding San Remo Hotel v. San Francisco, the Supreme Court upheld a ruling by the Ninth Circuit Court of Appeals that hotel owners, brothers Tom and Robert Field, were precluded from arguing the...
Eagle Hospitality Acquires the 299-suite Embassy Suites San Juan Hotel & Casino for $60 Million / June 2005...
February 28, 2005
Hotel Online Special Report Eagle Hospitality Acquires the 299-suite Embassy Suites San Juan Hotel & Casino for $60 Million COVINGTON, Ky. - June 28, 2005 -- Eagle Hospitality Properties Trust, Inc. (NYSE: EHP) today announced it has acquired the 299-suite Embassy Suites San Juan Hotel and Casino in Isla Verde Carolina, Puerto Rico, for $60.0 million. The all-suite hotel is located in the vibrant Isla Verde Beach area. The property benefits from strong brand recognition in one of the Caribbean's fastest growing resort markets and competitive positioning as one of only two all-suite hotels in the San Juan market. Th...
