Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
March 31, 2004
Hotel Online Special Report The Global Hospitality Advisor . Politics Over, New Overtime Law Takes Effect by Scott Brink, September 2004 In the wake of bruising partisan politics, the United States Department of Labors (DOL) much-anticipated overhaul of the federal white-collar employee overtime exemptions became effective on August 23, 2004. Depending upon who you ask, the regulations could deprive as many as six million or as few as 107,000 workers of federal overtime pay. However, there is no dispute that the new regulations provide significant employer-friendly changes to the DOLs old white-colla...
Cendant Acquring Online Travel Company Orbitz for $1.25 billion in Cash / September 2004
March 31, 2004
Hotel Online Special Report Cendant Acquring Online Travel Company Orbitz for $1.25 billion in Cash Cendant to Acquire All Orbitz Shares for $27.50 Per Share in Cash NEW YORK and CHICAGO, September 29, 2004 Cendant Corporation (NYSE:CD) and Orbitz, Inc. (Nasdaq: ORBZ) announced today that they have reached a definitive agreement for the acquisition by Cendant of all the shares of Orbitz for $27.50 per share in cash. The transaction has a fully diluted equity value of approximately $1.25 billion. Orbitz is debt-free and, as of June 30, 2004, had approximately $200 million of cash on hand. The transaction h...
Highland Hospitality Corporation Acquires the 299-room Omaha Marriott from LaSalle Hotel Properties for $28.5 million, Approximately $95,300 per Room
March 31, 2004
Hotel Online Special Report Highland Hospitality Corporation Acquires the 299-room Omaha Marriott from LaSalle Hotel Properties for $28.5 million, Approximately $95,300 per Room September 15, 2004 - Highland Hospitality Corporation , a lodging real estate investment trust, or REIT, announced today the acquisition of the 299-room Omaha Marriott, located in Omaha, Nebraska, for $28.5 million, plus customary closing adjustments, or approximately $95,300 per room. The Company purchased the hotel from LaSalle Hotel Properties and entered into a long-term agreement with Crestline Hotels & Resorts, Inc. to manage the prope...
March 31, 2004
Hotel Online Special Report Travel Industry Leader Joins The Prism Partnership; Maureen OHanlon Named Partner of Firm BOSTON, MA (September 27, 2004) - The Prism Partnership, a Boston-based consulting firm that specializes in the hospitality and travel industries, has announced that Maureen OHanlon has joined the firm as a Partner. In her position she will help oversee Prisms marketing and loyalty practices, and support the groups overall business development efforts. OHanlon is a 25-year veteran in the hospitality sales and marketing area who until recently had served as Senior Vice President of Market...
March 31, 2004
Hotel Online Special Report Niagara Universitys College of Hospitality and Tourism Management to Honor Seven Top Executives from the U.S. and Italy Niagara University, N.Y. (Sept. 27, 2004) Seven top executives from the U.S. and Italy who have made outstanding contributions in the hospitality, tourism, restaurant or professional sports industries will be honored at Niagara Universitys College of Hospitality and Tourism Managements fourth annual convocation on Nov. 4. The event will be held at the universitys Alumni Chapel at 4 p.m., with a reception following afterward on the fourth floor of St. Vincent...
The Bavarian Themed Jumer's Castle Lodge Gets $3.5 million Renovation and New Name, Radisson of Peoria / September 2004
March 31, 2004
Hotel Online News for the Hospitality ExecutiveBy Steve Tarter, Journal Star, Peoria, Ill.Knight Ridder/Tribune Business News Sep. 21, 2004 - PEORIA, Ill. -- Building a brand new hotel would have been a piece of cake compared to what Frank Pedulla went through. President of the Radisson of Peoria hotel, 117 N. Western Ave., Pedulla was faced with the task of transforming the former Jumer's Castle Lodge with its popular Bavarian theme into a high-tech Radisson hotel. When Pedulla and his wife Angie, who serves as hotel general manager, host an open house at the remodeled hotel-restaurant Wednesday, it will mark the completion of a $3....
Neptune Hospitality Advisors Arranges Financing for Purchase of Palm Springs Area Hotel / September 2004
March 31, 2004
Hotel Online .Special Report Neptune Hospitality Advisors Arranges Financing for Purchase of Palm Springs Area Hotel SAN DIEGO, California - September 16, 2004 - Michael D. Armstrong, President of Neptune Hospitality Advisors, Inc., is pleased to announce his firm arranged first mortgage financing for the purchase of the two-year old 120-room Hilton Garden Inn in Rancho Mirage, California located in the heart of the Coachella Valley. Neptune arranged the $10 million three-year floating rate loan through a national investment bank. Hotel debt capital continues to be plentiful in the current environment. ...
Neptune Hospitality Advisors Arranges Refinancing of Unizan Plaza Office Building in Downtown Canton, Ohio / September 2004
March 31, 2004
Hotel Online .Special Report Neptune Hospitality Advisors Arranges Refinancing of Unizan Plaza Office Building in Downtown Canton, Ohio SAN DIEGO, California - September 27, 2004 - Michael D. Armstrong, President of Neptune Hospitality Advisors, Inc., is pleased to announce his firm arranged first mortgage financing for the refinance of the 161,000 square foot Unizan Plaza Office Building in Canton, Ohio. Neptune arranged the $6.0 million five-year 4.93% fixed rate loan through a Wall Street investment bank. Unizan Plaza is a mixed-use project that includes the largest Class-A office building in downtown Canton, the 1...
A Total of 250 New and 1,250 Returning Exhibitors Set for the 89th Annual International Hotel/Motel & Restaurant Show / September 2004
March 31, 2004
Hotel Online Special Report A Total of 250 New and 1,250 Returning Exhibitors Set for the 89th Annual International Hotel/Motel & Restaurant Show WHITE PLAINS, NY, September 29, 2004 Creative product debuts from hundreds of new and returning suppliers will be on display at the 89th annual International Hotel/Motel & Restaurant ShowÒ (IH/M&RS), November 14-16, 2004, at New York Citys Jacob K. Javits Convention Center. A total of 250 new and 1,250 returning exhibitors will offer a wide variety of dynamic products and services for the hospitality and foodservice industry. Well-known industry suppliers particip...
Ocean Forest Hotel Was Demolished 30 Years Ago, It Set the Stage for Myrtle Beach Evolution as a Destination / September 2004
March 31, 2004
Hotel Online News for the Hospitality ExecutiveBy Dawn Bryant, The Sun News, Myrtle Beach, S.C.Knight Ridder/Tribune Business News Sep. 13, 2004 - The wealthy vacationed there. Well-known celebrities performed on stage. Tuxedo-clad gentleman twirled their ladies on the dance floor in the lavish ballroom. Locals partied on the patio under the stars. The castle -- towering 10 stories when small beach cottages were the norm -- went by the name Ocean Forest Hotel. It had all the makings of a fairy tale, minus the happy ending. After 44 years of grandeur, the hotel came down in 1974, but not before carving a place in locals' hearts and loca...
Marriott Mountain Shadows Resort Shuts Down; Owner Host Marriott Decides Not to Renovate the Hotel / September 2004
March 31, 2004
Hotel Online News for the Hospitality ExecutiveBy Donna Hogan, The Tribune, Mesa, Ariz.Knight Ridder/Tribune Business News Sep. 3, 2004 - Lee Murdock plans to swim a few laps at Marriott's Mountain Shadows Resort pool this morning just as she has on most mornings for the past 38 years. It will be the last time. The pool is scheduled to be drained later today, and the 45-year-old Paradise Valley resort will lock its massive wood doors leaving an empty shell and several lifetimes worth of memories for those who live nearby and those who came from afar to stay and play there. The property's future is uncertain. Owner Host Marriott may s...
Molinaro Koger Structures Sale of Radission Hotel Mt. Laurel on behalf of Boykin Lodging Company / September 2004
March 31, 2004
Hotel Online Special Report Molinaro Koger Structures Sale of Radission Hotel Mt. Laurel on behalf of Boykin Lodging Company McLean, Virginia September 8, 2004 Molinaro Koger announced today that the firm structured the recent sale of the 283-room Radisson Hotel, Mt. Laurel, New Jersey, on behalf of Boykin Lodging Company to Highland Hospitality for $14.5 million. Sage Hospitality will manage the asset for Highland. We are extremely pleased to assist Boykin in executing their strategy of disposing of non-strategic assets to boost available capital, said Mark Morris, Senior Vice President of Molinaro Koger, w...
Wisconsin Couple Compute Their Occupancy at 90% a Year after Opening the 2 room Milton Inn Extended Stay Suites; Venture Was a Leap of Faith / Sept
March 31, 2004
Hotel Online News for the Hospitality ExecutiveBy Carla McCann, The Janesville Gazette, Wis.Knight Ridder/Tribune Business News Sep. 21, 2004 - MILTON, Wis. -- Toni and Brad Anderson saw the potential for a new life under the many layers of wallpaper, carpet and decades of neglect that shrouded the upstairs at 50 Merchant Row. The Milton couple also felt a need to preserve the historic Milwaukee cream brick building that has stood sentinel on the street since the late 1800s. And they've done that. After nearly a year of renovation, the stately building now houses The Milton Inn Extended Stay Suites. The two large upstairs suites offe...
March 31, 2004
Hotel Online Special Report Maxim Hotel Brokerage and BCL Hospitality Advisors, LLC Structure the 711-room Hotel San Remo Casino and Resort Las Vegas, NV and Hooters Joint Venture NEWPORT BEACH, CA: September 2004 Maxim Hotel Brokerage, Inc. representing The Owner of the San Remo and BCL Hospitality Advisors, LLC representing Hooters Management Corporation and LTP Management has structured a joint venture of the 711-room Hotel San Remo Casino and Resort located in Las Vegas, Nevada and Hooters the well known national restaurant brand. Jack Carr of Maxim Hotel Brokerage in conjunction with Richard Bosworth of B...
Marriott Update Concerning Hotel Closures Due to Hurricanes / September 2004
March 31, 2004
Hotel Online Special Report Marriott Update Concerning Hotel Closures Due to Hurricanes Washington , DC - 15 September 2004 - Marriott continues to monitor Hurricane Ivan and is working closely with the authorities in areas that may be affected by the storm. As of 4:00 p.m. (EDT) Wednesday, September 15, two Marriott properties in the Cayman Islands are temporarily closed, and four Marriott hotels in Florida, six in Alabama and one in Mississippi, have been asked to evacuate. These hotels will remain closed until local authorities advise that they may reopen: Cayman Islands: Grand Cayman Marriott Bea...
Bill Marriott Jr Has Faith in Florida Tourism; Marriott International Has 184 Branded Hotels in Florida / September 2004
March 31, 2004
Hotel Online News for the Hospitality Executive By Randy Diamond, Tampa Tribune, Fla. Knight Ridder/Tribune Business News Sep. 24, 2004 -TAMPA, Fla. -- One of the world's largest hotel operators, J.W. "Bill" Marriott Jr., predicted Thursday that Florida will quickly recover from the hurricanes that have put its tourist industry into a tailspin. "If there is any concern, it will pass quickly," said Marriott, who dedicated the new Renaissance Tampa Hotel at International Plaza mall Thursday. Marriott, the 72-year-old chief executive and chairman of Marriott International, said the combination of beaches, them...
Seven Marriott Hotels in Florida Remain Evacuated / September 2004
March 31, 2004
Hotel Online Special Report Seven Marriott Hotels in Florida Remain Evacuated Washington , DC - 6 September 2004 - Marriott continues to monitor Hurricane Frances and is working closely with the authorities throughout Florida and other areas that may be affected by the storm. Mandatory evacuations have been lifted in Miami and Ft. Lauderdale and Marriott hotels in the area have resumed business operations and are accepting reservations. A number of Marriott hotels and resorts in Florida remain evacuated. These hotels will be temporarily closed until local authorities advise them they may reopen. As o...
March 31, 2004
Hotel Online Special Report Destination Marketing How to rebuild your Reputation and the upcoming Season after the Hurricanes By John Hendrie, September 2004 The world watched on television the dramatic devastation from a recent spate of hurricanes in the Southeastern US and the Caribbean. The pictures and reporting were real and immediate; they were wrenching; and, they were memorable. As Destination Markets assess the damages, and, in many cases, provide for basic needs at this point, your visitors await information, status and condition of the areas they wish to visit in the near future. Obviously, you...
Ty Warner Appoints the Mankarios Partnership to Resort Manager of Kona Village Resort & Asset Manager of Las Ventanas al Paraiso / September 2004
March 31, 2004
Hotel Online Special Report Ty Warner Appoints the Mankarios Partnership to Resort Manager of Kona Village Resort & Asset Manager of Las Ventanas al Paraiso DALLAS - Sept. 28, 2004 -- The Mankarios Partnership, a provider of asset management, hotel and resort management and technical services for independent hotels and resorts, has been engaged as the management company of the Kona Village Resort and as the Asset Manager of Las Ventanas al Paraiso by Ty Warner Hotels & Resorts. The joint announcement was made by Ty Warner, Chairman and CEO of Ty Warner Hotels & Resorts, and by Atef N. Mankarios, Managing Partner ...
Dining Patron Refuses to Leave Mandatory Tip Due to Poor Food, Service; Restaurateur Calls the Cops and Patron Charged with Theft of Service / Sept
March 31, 2004
Hotel Online News for the Hospitality ExecutiveBy Dave Goldiner, Daily News, New YorkKnight Ridder/Tribune Business News Sep. 15, 2004 - Humberto Taveras says he's no criminal, just an unhappy customer -- and a prosecutor agrees. The Queens man who was busted when he balked at leaving a "mandatory" tip at an upstate Italian restaurant was cleared of all charges yesterday. "I'm glad someone came to their senses up there," said Taveras, 41, who had faced up to a year in jail. "Now I can tell my kids 'Daddy's not a crook.' " Prosecutors tossed the charges after determining that restaurants don't have the legal right to require diners to p...
Mandarin Oriental, New York Presidential Suite Deal: $50,000 for Two Nights / September 2004
March 31, 2004
Hotel Online Special Report Mandarin Oriental, New York Presidential Suite Deal: $50,000 for Two Nights A New Approach to Hotel Luxury New York, Sept. 28, 2004 With its reputation for creating new standards in hotel service and amenities, Mandarin Oriental, New York unveils its MO-Luxe package luxury in hospitality redefined. Designed to indulge the guest who loves to both give and receive, MO-Luxe offers a philanthropic twist to the most personalized of packages. From fashionistas to foodies, spa aficionados to electronics enthusiasts, MO-Luxe is set to impress. For $50,000, MO-Luxe offers an...
Maestro Property Management Suite Installed by Three Canadian Hotels to Integrate Operations, Boost Efficiency / September 2004
March 31, 2004
Hotel Online .Special Report Maestro Property Management Suite Installed by Three Canadian Hotels to Integrate Operations, Boost Efficiency The 284-room International Hotel of Calgary, Stonehaven Relais & Spa, and the Exclusive Severn Lodge Select Maestro Markham, ON September 1, 2004 NORTHWIND, a leading provider of enterprise property management and reservation solutions for hospitality, announced the successful installation of its Maestro Property Management Suite at three Canadian properties. The hotels selecting Maestro range from the 284-room corporate-focused International Hotel of Calgary, wh...
High Profile Downtown Property, Listel Vancouver in British Columbia, Taps Maestro for Integrated Functionality, Ease of Use / September 2004
March 31, 2004
Hotel Online .Special Report High Profile Downtown Property, Listel Vancouver in British Columbia, Taps Maestro for Integrated Functionality, Ease of Use Listel Vancouver Hotel Selects Maestro Property Management Suite from NORTHWIND Markham, ON September 14, 2004 NORTHWIND, a leading provider of enterprise property management and reservation solutions for hospitality, announced today the Listel Vancouver Hotel in Vancouver, British Columbia selected the Maestro Property Management Solution to automate hotel operations. The Listel Vancouver is a full service independent hotel situated on the corner o...
Vail Resorts Takes Steps to Enhance Corporate Governance, Board of Directors to Become Smaller, More Tightly Focused, More Independent / September 200
March 31, 2004
Hotel Online Special Report Vail Resorts Takes Steps to Enhance Corporate Governance, Board of Directors to Become Smaller, More Tightly Focused, More Independent VAIL, Colo., Sept. 30, 2004 - Vail Resorts, Inc. (NYSE: MTN) announced today several steps designed to improve its corporate governance. Most notable are the cessation of the dual class share structure of Common Stock and Class A Common Stock that has been in place since 1992 and changes in Vail Resorts' Board of Directors and Board Committee composition. These changes are the result of Apollo Ski Partners L.P., holders of approximately 17.8% of...
