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Las Vegas Sands Stock Price Jumps 61% on Opening Day; Confirms Strength Investors Have in the Gaming Industry / December 2004
April 30, 2004
Hotel Online News for the Hospitality ExecutiveBy Howard Stutz, Las Vegas Review-JournalKnight Ridder/Tribune Business News Dec. 16, 2004 - On its inaugural day of trading on the New York Stock Exchange, Las Vegas Sands became the industry's largest gaming company in terms of market capitalization after its stock price jumped 61 percent Wednesday. The operators of The Venetian recorded the biggest opening day of any American-based initial public offering in the past two years, according to Thompson Financial, surpassing Shopping.com's 60 percent first day gain on Oct. 25 as the best performance in 2004. JetBlue's initial price rose 6...
Flagship Resort Properties Completes $14.5 million Renovation of the Former Carib Inn; Reopens as the 222 room Holiday Inn – San Juan / December
April 30, 2004
Hotel Online Special Report Flagship Resort Properties Completes $14.5 million Renovation of the Former Carib Inn; Reopens as the 222 room Holiday Inn - San Juan First Holiday Inn Hotel to open in San Juan ATLANTA (Dec. 2, 2004) InterContinental Hotels Group announced today that a newly renovated 222-room hotel in San Juan has opened as the Holiday Inn-San Juan after completing a $14.5 million renovation. The hotel boasts contemporary décor throughout the lobby and guestrooms and renovations include newly designed bathrooms in all guestrooms, high-impact glass windows and new air conditioning t...
San Diego Hotel Occupancy, Room Rates Up, But Not At Same Pace As Competition; Market Share Loss a Concern / December 2004
April 30, 2004
Hotel Online News for the Hospitality ExecutiveBy Jennifer Davies, The San Diego Union-TribuneKnight Ridder/Tribune Business News Dec. 12, 2004 - Hotel room rates are up. So is hotel occupancy, which is projected to be almost 73 percent for 2004. Petco Park and the bustling Gaslamp Quarter, with its hip, upscale hotels and restaurants, are drawing more visitors. After the post-Sept. 11 slump, the national travel business is also making a comeback, meaning more people are looking for places to visit -- for business and pleasure. So far this year, passenger traffic at San Diego International Airport is up 7.3 percent from 2003. All of ...
San Diego's U.S. Grant Hotel to Close During $26 million Renovation; Expects to Re-open in Six Months as Member of Starwood's Luxury Hotel
April 30, 2004
Hotel Online News for the Hospitality ExecutiveBy Michael Kinsman, The San Diego Union-TribuneKnight Ridder/Tribune Business News Dec. 21, 2004 - With the scope of its renovation more sweeping than first anticipated, the U.S. Grant Hotel said yesterday it will cease operations for about five months starting Jan. 31 and lay off up to 212 workers. The Sycuan Band of Kumeyaay Indians, which purchased the downtown San Diego landmark in December 2003 for $45 million, said the hotel's renovation now is expected to cost $26 million, far more than the $10 million it forecast in April. "We'll be stripping everything back to its bare bones," s...
City of San Antonio Selecting a Developer for $280 million, 1,000 room Convention Center Hotel / December 2004
April 30, 2004
Hotel Online News for the Hospitality ExecutiveSan Antonio Express-NewsKnight Ridder/Tribune Business News Dec. 7, 2004 - Fearing that San Antonio will become an also-ran in the competition for big meetings, city officials appear ready to plunge into yet another deal to build a hotel attached to the Convention Center. Two previous agreements have fallen apart since the mid-1980s, with the latest coming undone when the developers failed to come up with financing. But many city staffers and elected officials remain adamant about getting a 1,000-room hotel built, saying San Antonio needs it to attract major conventions. And they're not ...
Hotel Directors of Sales – The Qualities for Leadership and Success / Carol Verret / December 2004
April 30, 2004
Carol Verret Consulting and Training Consulting Training Seminars . Hotel Directors of Sales - The Qualities for Leadership and Success . Carol Verret / December 2004 December 2004 Business travel is projected to increase by 3.6% in 2004 and Internet bookings have risen by over 30%. How much has the production of the sales department increased? Given these statistics, many conventional (as opposed to convention) hotels have downgraded the role of sales and by extension, the role of the DOS. This is unfortunate because the role of the Director of Sales is one of not only driving the generation of reven...
MeriStar Hospitality Sells Safety Harbor Resort and Spa on Tampa Bay / December 2004
April 30, 2004
Hotel Online Special Report MeriStar Hospitality Sells Safety Harbor Resort and Spa on Tampa Bay ARLINGTON, Va., December 22, 2004 MeriStar Hospitality Corporation (NYSE: MHX), one of the nations largest hotel real estate investment trusts (REIT), today announced that it has sold the 189-room Safety Harbor Resort and Spa to S.H.S. Resort, LLC, an affiliate of Olympia Development Group, a well-regarded condominium developer, for more than $125,000 per key. The 26-acre resort is located on Tampa Bay in Florida and is approximately 15 minutes from Tampa International Airport. This is an excellent property w...
Funded by Gaming Revenues a Multi-Tribe Coalition and Investment Firm Partner to Build $53 million Marriott Residence Inn in Sacramento / December 200
April 30, 2004
Hotel Online Special Report Funded by Gaming Revenues a Multi-Tribe Coalition and Investment Firm Partner to Build $53 million Marriott Residence Inn in Sacramento SACRAMENTO, Calif - Dec. 9, 2004 -- Three Fires, LLC, comprising three American Indian tribal governments, and 15th and L Street Investors, LLC, today announced construction began on a $53 million Marriott Residence Inn at 15th and L Streets on Capitol Park, site of the California Capitol. At a ceremony today, Three Fires, LLC, an economic coalition of the San Manuel Band of Mission Indians of San Bernardino, Calif., and Viejas Band of Kumeyaay Indians...
Sabre Holdings to Acquire SynXis Corporation for $40 million Cash; Will Broaden Range of Services for the Hotel Industry / December 2004
April 30, 2004
Hotel Online Special Report Sabre Holdings to Acquire SynXis Corporation for $40 million Cash; Will Broaden Range of Services for the Hotel Industry SOUTHLAKE, Texas - Dec. 9, 2004 -- Sabre Holdings Corporation (NYSE:TSG): Acquisition expected to extend reservation technology used at about 6000 hotels Provides Sabre Holdings with unique role in end-to-end selling process from hotels to travelers In a move to further expand its services to the hotel industry, Sabre Holdings Corporation (NYSE:TSG) today announced it has reached an agreement to acquire SynXis Corporation, a privately-held provider of reserv...
Interstate Hotels & Resorts Names Sean Worker Executive Vice President, International Operations and Development, Continental Europe / December 2004
April 30, 2004
Hotel Online Special Report Interstate Hotels & Resorts NamesSean Worker Executive Vice President, International Operations and Development, Continental Europe ARLINGTON, Va - Dec. 1, 2004 - Interstate Hotels & Resorts (NYSE: IHR), the nation's largest independent hotel management company, today announced that Sean Worker has been promoted to executive vice president, international operations and development, Continental Europe, effective January 1, 2005. In this newly created position, he will be responsible for managing the company's international operations and sourcing business development opportunities. He wil...
Small Luxury Hotels Adds 53 New Members for 2005; Luxury Brand Marks Record Total with 329 Hotels in 57 Countries / December 2004
April 30, 2004
Hotel Online Special Report Small Luxury Hotels Adds 53 New Members for 2005; Luxury Brand Marks Record Total with 329 Hotels in 57 Countries NEW YORK, December 1, 2004 Small Luxury Hotels of the Worlds award-winning directory of hotels just got bigger for 2005 as the luxury brand added 53 new properties worldwide to its portfolio. Not only did the exclusive collection grow in size but it has spread the globe farther reaching 7 new countries which include The Bahamas, Cambodia, Cook Islands, Dominican Republic, Panama, Slovakia and Vietnam. As part of growing the brand and becoming stronger, SLH has c...
San Francisco Convention & Visitors Bureau Concerned Over the Proposed De-funding of the Bureau / December 2004
April 30, 2004
Hotel Online Special Report Discount Hotels London, Sydney, Rome, AmsterdamParis, Melbourne, Lisbon, Barcelona, Berlin, Hong Kong, New York, Auckland Discount Hotels London, Sydney, Rome, AmsterdamParis, Melbourne, Lisbon, Barcelona, Berlin, Hong Kong, New York, Auckland San Francisco Convention & Visitors Bureau Concerned Over the Proposed De-funding of the Bureau Friday, Dec. 3, 2004 Update on Proposal to De-fund Bureau's Hotel Tax Allocation For those of you who didn't have the opportunity to attend, or haven't heard about the Board of Supervisors' Budget Committee meeting y...
R. Donahue Peebles Sells The Royal Palm Hotel for $127.5 million; The Falor Companies Sixth Hotel Acquisition in South Florida / December 2004
April 30, 2004
Hotel Online Special Report R. Donahue Peebles Sells The Royal Palm Hotel for $127.5 million; The Falor Companies Sixth Hotel Acquisition in South Florida MIAMI BEACH, Fla - Dec. 6, 2004 -- R. Donahue Peebles, president and CEO of Peebles Atlantic Development Corporation (PADC), announced today the sale of The Royal Palm Hotel for $127.5 million to The Falor Companies, a Miami and Chicago-based hospitality company. The purchase agreement was finalized Friday and becomes one of the most lucrative deals in Miami Beach's history, according to a recent report in The Miami Herald, which references the price as the hig...
The Dusit Group Managed Royal Princess Narathiwat in Thailand Closing Permanently; Cites Unrest in the Southernmost Provinces / December 2004
April 30, 2004
Hotel Online News for the Hospitality ExecutiveBy Nondhanada Intarakomalyasut, Bangkok Post, ThailandKnight Ridder/Tribune Business News Dec. 4, 2004 - The government has failed to offer any assistance for private hoteliers suffering from the unrest in the South, according to Abdulaji Awaesuemae, the president of the Tourism Business Association in Narathiwat. The violence in the three southernmost provinces, with more than 500 deaths since the beginning of the year, has taken a heavy toll on businesses in the region. Hotel occupancy in the border provinces of Yala, Pattani and Narathiwat has dropped sharply since the violence began ...
Best Western GB Recommends RATE TIGER Online Distribution Management Tool to Member Hotels / December 2004
April 30, 2004
Hotel Online Special Report Best Western GB Recommends RATE TIGER Online Distribution Management Tool to Member Hotels December 2, 2004 - Best Western, the largest group of independently owned hotels in Great Britain, has recently joined forces with eRevMax to offer its member hotels the chance to manage online agencies with the online distribution management tool Rate Tiger. Best Western constantly works hard with its member hoteliers to ensure they have the knowledge and management tools required to effectively manage their yield. As part of this process, Best Western has taken the opportunity to recommend Rate T...
Richard Moore Scholarship Program Formed at Cornell Hotel School; Recognizes Dick Moore for the Contributions he Made to the Field of Information Tech
April 30, 2004
Hotel Online Special Report Richard Moore Scholarship Program Formed at Cornell Hotel School - Recognizes Dick Moore for the Contributions He Made to the Field of Information Technology Ithaca, NY, Dec. 15, 2004 The Cornell Hotel announced today the completion of the endowment for the Richard G. Moore '67 Scholarship fund, to be used each year to assist an undergraduate student at the School. The fund is named for Richard Moore, a former professor who taught information technology for many years at the School. Preference will be given to students who demonstrate a strong interest in pursuing a career in...
Randy Griffin Named Director of Marketing for the Renaissance Hotel and Convention Center in Schaumburg, Illinois / December 2004
April 30, 2004
Hotel Online Special Report Randy Griffin Named Director of Marketing for the Renaissance Hotel and Convention Center in Schaumburg, Illinois Miami, FL (December 6, 2004) - Renaissance Hotels & Resorts announced today that Randy Griffin will serve as Director of Marketing for the new Schaumburg Renaissance Hotel and Convention Center in Schaumburg, Illinois, effective December 7, 2004. He will also have regional sales and marketing responsibilities in the Midwest for Renaissance North America. Mr. Griffin, former director of marketing for the Eden Roc Renaissance Resort & Spa in Miami Beach, Florida, has be...
Robert Fox Appointed Vice President of Human Resources for Carlson Hotels Worldwide / December 2004
April 30, 2004
Hotel Online Special Report Robert Fox Appointed Vice President of Human Resources for Carlson Hotels Worldwide MINNEAPOLIS, Minn. (Dec. 10, 2004) Carlson Hotels Worldwide today announced the appointment of Robert Fox to the position of vice president of Human Resources for Carlson Hotels Worldwide. Fox reports to Jay Witzel, president and CEO, Carlson Hotels Worldwide, and CEO, Carlson Cruises Worldwide. Fox is responsible for overseeing human resources policies, training and development programs for the company whose hotel brands include Regent International Hotels, Radisson Hotels & Resorts, Pa...
Westin Providence Bids Ranged from $70 million to $96 million; Starwood Hotels & Resorts Has 45 days to Counter Offer Procaccianti's $95.5 mill
April 30, 2004
Hotel Online News for the Hospitality ExecutiveBy Andrea L. Stape, The Providence Journal, R.I.Knight Ridder/Tribune Business News Dec. 23, 2004 - PROVIDENCE, R.I. -- The Procaccianti Group was named the top bidder for The Westin Providence yesterday, after offering to buy the state-owned hotel for $95.5 million and to build a $50-million hotel tower next door. The Rhode Island Convention Center Authority's board of directors yesterday voted unanimously to negotiate a sale with Cranston-based Procaccianti. The company beat 14 other hotel bidders, including Warwick-based Carpionato Properties and Prince Alwaleed of Saudi Arabia. Among...
The Rhode Island Convention Center Authority Ordered by Judge to Disclose the 15 Bidders for the Westin Providence / December 2004
April 30, 2004
Hotel Online News for the Hospitality ExecutiveBy Andrea L. Stape, The Providence Journal, R.I.Knight Ridder/Tribune Business News Dec. 18, 2004 - At least two established Rhode Island developers and several national developers are among the 15 bidders that submitted proposals to buy the Providence Westin and build a new hotel next door. The list includes The Procaccianti Group of Cranston, owner of the Holiday Inn in downtown Providence, and Carpionato Properties of Johnston, owner of the The Crowne Plaza in Warwick. Also on the list is Richard L. Bready, chief executive of Nortek Inc., a Providence company, who made a joint bid wit...
Mirage Trade & Export Selects Prollinx to Help Supply Upscale Clients in Remote Destinations / December 2004
April 30, 2004
Hotel Online Special Report Mirage Trade & Export Selects Prollinx to Help Supply Upscale Clients in Remote Destinations Miami, FL December 1, 2004. Parker Purchasing Technologies, LLP, an innovator of web-native purchasing software for the Hospitality Industry, today announced that its flagship software application Prollinx was selected by Mirage Trade & Export to help supply its upscale clients in remote destinations. We are thrilled to rollout our web-based solution to parts of the world where vendor-to-client communications has traditionally been a weak link in the supply chain, said Yves Stein, Product ...
Procaccianti Group the Winning Bidder for the Acquisition of the 364-room Westin Providence in Rhode Island; Company Plans to Spend Several Million to
April 30, 2004
Hotel Online Special Report Procaccianti Group the Winning Bidder for the Acquisition of the 364-room Westin Providence in Rhode Island . Company Plans to Spend Several Million to Upgrade and Add 200 New Guest Rooms PROVIDENCE, R.I., December 22, 2004 -- Officials of the Procaccianti Group (TPG), a New England-based, full-service, privately owned hotel ownership, management and construction company, today announced that it has been selected as the winning bidder for the acquisition of the 364-room Westin Providence in Rhode Island from the Rhode Island Convention Center Authority. The company plans...
Prism Hotels Acquires the 280 room Radisson Memphis Hotel / $8 Million Renovation of the Hotel to Begin Immediately; Patrick Jordan Named GM / Decem
April 30, 2004
Hotel Online Special Report Prism Hotels Acquires the 280 room Radisson Memphis Hotel - $8 Million Renovation of the Hotel to Begin Immediately; Patrick Jordan Named GM Transaction Marks the First Acquisition for Prism in Five Years Harbinger of More Deals to Come in 2005 Dallas, TX (December 14, 2004) - Prism Hotels, regarded as one of the savviest investors and managers in the hotel industry, announced that it has acquired the 280-room Radisson Memphis Hotel in Memphis, Tennessee, and plans an $8 million renovation of the property. The transaction is the first acquisition for Prism in more than fiv...
Potomac Hospitality Services Recognized by Marriott ExecuStay as its Partnership Circle Award Winner / December 2004
April 30, 2004
Hotel Online Special Report Potomac Hospitality Services Recognized by Marriott ExecuStay as its Partnership Circle Award Winner Washington, D.C. Dec. 10, 2004 Potomac Hospitality Services (PHS), based here, was recognized by Marriott ExecuStay as its Partnership Circle Award winner at the corporate housing brands Annual Franchise Conference, held recently at Camelback Inn, A JW Marriott Resort & Spa. Marriott ExecuStays Partnership Circle Award recognizes a franchise partner that exemplifies Marriotts vision of hospitality excellence; successfully leverages Marriotts sales organization both ...
