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Panelists on Business and Leisure Travel Will Explore Shifts in Consumer Behavior at HSMAI/NYU Hotel Industry Strategy Conference / September 2004
March 31, 2004
Hotel Online Special Report Panelists on Business and Leisure Travel Will Explore Shifts in Consumer Behavior at HSMAI/NYU Hotel Industry Strategy Conference 4th Annual Event Will Be Held in New York on Sept. 23, 2004 MCLEAN, VA (Aug. 31, 2004) Thought leaders and industry experts in both the business and leisure travel sectors will address major changes in traveling consumers, their behavior and travel patterns during the Fourth Annual HSMAI/NYU Industry Strategy Conference. Described as The Morphing of the Business and Leisure Traveler: An Insight into Changing Attitudes and Behavior, the event will be h...
Shifts in Consumer Behavior Impacting Both Business and Leisure Travel; Wrap-up of Trends from the HSMAI/NYU Industry Strategy Conference / September
March 31, 2004
Hotel Online Special Report Shifts in Consumer Behavior Impacting Both Business and Leisure Travel; Wrap-up of Trends from the HSMAI/NYU Industry Strategy Conference New York City (Sept. 29, 2004) Several important shifts in consumer behavior are impacting both business and leisure travel and leading hospitality industry experts urged sales and marketing executives to take these changes into account in order to compete for the elusive customer, especially in the recovering economy. The event, titled The Morphing of the Business and Leisure Traveler: An Insight into Changing Attitudes and Behavior, left hosp...
Concorde Hotels Enhance Online Reservation System to Offer Better Advantages for Travel Agents and Corporate Clients / September 2004
March 31, 2004
Hotel Online Special Report Concorde Hotels Enhance Online Reservation System to Offer Better Advantages for Travel Agents and Corporate Clients Singapore - 7 September 2004 - Concorde Hotels, managed by Singapore based HPL Hotels & Resorts, enhance their online reservation system by providing login access for travel agents and corporate clients to access competitive rates and room allotments. This innovative Internet-based reservation system provided by Pelican System allows Concorde Hotels to maintain full control of room rates and room inventory, with real-time information updates and instant confirmation. The...
Everyone Should Know What the Sales Department Does / Hotel Common Sense / John Hogan, MBA CHA MHS / September 2004
March 31, 2004
Hotel Online Special Report Hotel Common Sense . Everyone Should Know What the Sales Department Does by John Hogan, MBA CHA MHS, September 2004 . Nothing ever comes to one that is worth having except as a result of hard work. Booker T. Washington . We all want to be treated like a VIP it is in our nature. When we think of a favorite restaurant, most of us will likely recall a place where the food is good, the value is fair and the service is memorable. We like to go to a place where they use our name (remember the theme song from CHEERS?) and where we are made to feel special. Guests choose hotels in a ...
Colony Capital Acquiring Harrah's East Chicago, Harrah's Tunica, Atlantic City Hilton and Bally's Tunica for about $1.24 billion / Sept
March 31, 2004
Hotel Online Special Report Colony Capital Acquiring Harrah's East Chicago, Harrah's Tunica, Atlantic City Hilton and Bally's Tunica for about $1.24 billion LAS VEGAS, Sept. 27, 2004 - Harrah's Entertainment, Inc. (NYSE: HET) and Caesars Entertainment, Inc. (NYSE: CZR) today signed a definitive agreement to sell Harrah's East Chicago, Harrah's Tunica, Atlantic City Hilton and Bally's Tunica to an affiliate of Colony Capital, LLC. The agreement calls for the Colony unit to pay a combined total of about $1.24 billion for the four properties. The sale price represents approximately 8.5 times the trailing 12-month Earni...
Hotel Growth Strategies; Value Creation and Preservation / Colliers International / September 2004
March 31, 2004
Hotel Online Special Report Hotel Growth Strategies Value Creation and Preservation Colliers International Realty Advisors Toronto, Canada September 2004 A relatively low level of hotel transactions have occurred to date and few properties are available on the market. As a result, it is difficult for many hotel owners, investors or even shareholders to continue to grow their investments through external sources with accretion as a mandate. Strategies for most growth-oriented hotel companies, whether public or private, will need to emphasize income growth from internal methods. 1. Assess Enhancement Opportuniti...
'Latest Developments in China's Tourism' First China Tourism Forum Announced in Hong Kong / September 2004
March 31, 2004
Hotel Online Special Report Latest Developments in China's Tourism First China Tourism Forum Announced in Hong Kong 6 September, 2004 - First China Tourism Forum on Latest Developments in Chinas Tourism will be held on 25 September 2004 at the Hong Kong Polytechnic University (Hong Kong PolyU) in part of 25th anniversary celebration of the School of Hotel and Tourism Management (SHTM). The growth of China's tourism has been spectacular since 1978 when the economic reforms and opening up policies were adopted. China's travel and tourism industry has been recognized as one of the main drivers of t...
Ira Drukier A Partner in Minneapolis' Chambers Hotel Project; Rockwell Group Designing the Boutique Hotel on Site of Former Fairmont Hotel Buildi
March 31, 2004
Hotel Online Special Report Ira Drukier A Partner in Minneapolis' Chambers Hotel Project; Rockwell Group Designing the Boutique Hotel on Site of Former Fairmont Hotel Building MINNEAPOLIS - Sept. 2, 2004 -- RWB Development Company today announced plans to more than double the size of the Minneapolis' Chambers hotel. RWB also announced that it had selected the world-renowned architecture firm, Rockwell Group, (rockwellgroup.com) as the lead designer and architect; Shea, Inc. will serve as the local architect of record. "We had always planned to expand the hotel as part of a 'phase two' development," sai...
Hurricanes Knock Out Up to 20% of Melbourne, Florida Area's 10,000 Hotel Rooms / September 2004
March 31, 2004
Hotel Online News for the Hospitality ExecutiveThe Orlando Sentinel, Fla.Knight Ridder/Tribune Business News Sep. 29, 2004 - MELBOURNE BEACH, Fla. -- The trio of hurricanes that hammered Central Florida damaged scores of hotels, with Jeanne being especially brutal on small, family-owned motels lining Brevard County's barrier islands. In Melbourne Shores in south Brevard, the storm surge overwhelmed soft sand dunes on which many of the motels are perched against the edge of the ocean. At the Surfcaster Motel, manager Teresa Marquez walked behind the small motel on Tuesday and stopped where the grass dropped off 4 feet to the beach bel...
A $150 million, 700 room Mediterranean-style Resort in Carlsbad, California in Final Stages of Planning; Will Compete with Four Seasons Resort Avia
March 31, 2004
Hotel Online News for the Hospitality ExecutiveBy Barbara Henry, North County Times, Escondido, Calif.Knight Ridder/Tribune Business News Sep. 2, 2004 - CARLSBAD, Calif. -- After a series of speakers heaped praise on plans to build a 700-room resort complex near Legoland California, the Carlsbad Planning Commission gave its stamp of approval Wednesday to the project. Commission Chairman Frank Whitton called it a "marvelous project," while Commissioner Julie Baker complimented developer Grand Pacific Resorts for its low-impact grading plans. Commissioner Jeff Segall praised the proposed pedestrian walkway link to the theme park next d...
Grand Cayman and Grenada Tourism Industry Face Long, Hard Climb Out After Storms / September 2004
March 31, 2004
Hotel Online News for the Hospitality ExecutiveBy Michael A.W. Ottey, The Miami HeraldKnight Ridder/Tribune Business News Sep. 27, 2004 - The stream of hurricanes that hit the Caribbean this summer will knock the wind out of several tourism-dependent economies, and it will be months, even years before they fully recover, analysts say. Following the Sept. 11, 2001 terrorist attacks many of these vulnerable economies suffered and only recently had begun to bounce back. But now storms have blown progress to bits. The Cayman Islands and Grenada are still in a daze from the blows dealt by Hurricane Ivan. Jamaica, the Bahamas, Turks and Ca...
Harrah's Threatens to Sue Rhode Island Governor Donald Carcieri for Slander / September 2004
March 31, 2004
Hotel Online News for the Hospitality ExecutiveBy Scott Mayerowitz, The Providence Journal, R.I.Knight Ridder/Tribune Business News Sep. 22--Casino giant Harrah's Entertainment threatened yesterday to sue Governor Carcieri over comments he made at an anti-gambling convention last week. Carcieri told those attending the conference in Warwick that Harrah's had approached a local law firm with the promise of handling the business of 200 home foreclosures a year in exchange for supporting Harrah's casino bid. He made the remark to illustrate his point that "casinos create wastelands around them." The governor told the story twice: once du...
Hotel Investments; The Magic, Curse Of Leverage / Canadian Lodging Outlook – July 2004 Year-to-Date / September 2004
March 31, 2004
Hotel Online Special Report Hotel Investments; The Magic, Curse Of Leverage CANADIAN LODGING OUTLOOK July 2004 Year-to-Date The Canadian Lodging Outlook is a joint monthly publication of Smith Travel Research and HVS International, Vancouver and Toronto, Canada . By: Stephen Rushmore, MAI, CHA - HVS International - New York Investors acquire hotels to earn a return on their invested capital. This return includes periodic cash flow profits accruing after payment of debt service plus any property value appreciation or mortgage amortization realized when the hotel is sold. A return typically is expressed as a perce...
Management of Raffles Hotels in Cambodia Resove Labour Disputes; Affirms Willingness to Operate within International Labour Standards / September 2004
March 31, 2004
Hotel Online Special Report Management of Raffles Hotels in Cambodia Resolve Labour Disputes; Affirms Willingness to Operate within International Labour Standards SINGAPORE, 20 September 2004 The management of Raffles Grand Hotel dAngkor in Siem Reap and Raffles Hotel Le Royal in Phnom Penh and labour union representatives have arrived at a settlement agreement resolving the labour dispute that arose between both parties in April 2004. Union representatives from the Cambodian Tourism and Service Workers Federation (CTSWF), International Union of Food, Agriculture, Hotel, Restaurant, Catering, Tobacco an A...
Caesars Entertainment, Inc. Signs Development and Management Agreements for $250 million Hotel and Casino on Tribal Land Near Fresno, California / Sep
March 31, 2004
Hotel Online Special Report Caesars Entertainment, Inc. Signs Development and Management Agreements for $250 million Hotel and Casino on Tribal Land Near Fresno, California LAS VEGAS - Sept. 16, 2004 -- The leaders of the Big Sandy Band of Western Mono Indians and Caesars Entertainment, Inc. (NYSE: CZR), one of the world's leading gaming companies, have signed formal agreements that will govern the development, construction and management of the Tribe's planned new casino, to be built on Tribal land near Fresno, California. The total project cost is estimated at $250 million. The management and related agreements...
Specific Complaints Detailed in Class Action Lawsuit Filed Against CNL Hospitality Properties, Inc. / September 2004
March 31, 2004
Hotel Online Special Report Specific Complaints Detailed in Class Action Lawsuit Filed Against CNL Hospitality Properties, Inc. BALA CYNWYD, Pa., Sept. 8, 2004 - The following statement was issued today by the law firm of Schiffrin & Barroway, LLP: Notice is hereby given that a class action lawsuit was filed in the United States District Court for the Middle District of Florida on behalf of: (a) a class of all person who were entitled to vote on the proxy statement filed with the SEC by CNL Hospitality Properties, Inc. ("CNL" or the "Company") dated May 7, 2004, who suffered harm as a result of the actio...
Caribbean Hotel Association – Hurricane Recovery Status Report: Bahamas, Cayman Islands, Dominican Republic, Grenada, Jamaica, ST. Vincent and t
March 31, 2004
Hotel Online Special Report Caribbean Hotel Association - Hurricane Recovery Status Report: - Bahamas, Cayman Islands, Dominican Republic, Grenada, Jamaica, St. Vincent and the Grenadines, Turks & Caicos Press Conference Report Caribbean Hotel Association Caribbean Tourism Organization Florida Caribbean Cruise Association International Council Of Cruise Lines September 30, 2004 - The following countries were unaffected by the passing of Hurricanes Frances and Ivan and Tropical Storm Jeanne: Anguilla Antigua & Barbuda Aruba Barbados Belize Bermuda Bonaire British Virgin Is...
Brown Hotel Group Successfully Closes 1031 Exchange in 8 Days; Both Properties Valued over $19 Million / September 2004
March 31, 2004
Hotel Online Special Report Brown Hotel Group Successfully Closes 1031 Exchange in 8 Days; Both Properties Valued over $19 Million Westlake Village, California, September 21, 2004 - Another California hotel transaction and rapid 1031 exchange tops the market with quick closing. Mike Thomas, Vice President of Sales, Brown Hotel Group, exclusively represented the seller and Chuck LaPorte, Senior Vice President, Brown Hotel Group, represented the buyer in the successful closing of a Los Angeles based Ramada Inn. Mr. Thomas then moved his seller into and closed a 1031 tax deferred exchange in a total of 8 days with a combined ...
Brown Hotel Group Closes Escrow on 4 Hotels, Totaling $26,675,000 in Just 23 Days / September 2004
March 31, 2004
Hotel Online Special Report Brown Hotel Group Closes Escrow on 4 Hotels, Totaling $26,675,000 in Just 23 Days Westlake Village, California, September 15, 2004 - Experience is the answer as Brown Hotel Group celebrates its 56th year serving the hotel/motel community by closing escrows on 4 hotels in 23 days, all well known limited to full service franchises in Southern California. Two of the hotel owners were previously represented by Sr. Vice President, Chuck LaPorte and Vice President, Mike Thomas on their initial purchases and requested their assistance again to represent them in the sale of their hotels. The sales tr...
British Virgin Islands Tourist Board to Institute Comprehensive Hotel Industry Standards Including a Hotel Categorization System / September 2004
March 31, 2004
Hotel Online Special Report British Virgin Islands Tourist Board to Institute Comprehensive Hotel Industry Standards Including a Hotel Categorization System ROAD TOWN, Tortola, British Virgin Islands, Sept. 27, 2004 - In an effort to maintain its global tourism leadership position, the British Virgin Islands Tourist Board has taken a series of steps to institute comprehensive hotel industry standards throughout the British Virgin Islands, sixty plus islands and cays in the Caribbean that include Tortola, Virgin Gorda, Jost van Dyke and Anegada. According to Kedrick Malone, Director of the British Virgin Islands Tou...
Bringing Out the Best in People; Principles to Apply to the Team You Lead – the Front Desk, the Housekeeping, Servers, the Kitchen / Chris Longs
March 31, 2004
Hotel Online Special Report Bringing Out the Best in People; Principles to Apply to the Team You Lead - the Front Desk, the Housekeeping, Servers, the Kitchen by Chris Longstreet, CHA, President & CEO, Society for Hospitality Management, September 2004 Recently, we moved our Society for Hospitality Management office, and, during the process I came across a book I read in college that I promised I would never throw away or get rid of. The book is entitled Bringing Out the Best in People: How to Enjoy Helping Others Excel by Dr. Alan Loy McGinnis. Have you ever wondered at the way certain people bring out...
The Breakers Again Temporarily Closed, Post Hurricane Jeanne Re-opening Date Yet to Be Determined / September 2004
March 31, 2004
Hotel Online Special Report The Breakers Again Temporarily Closed, Post Hurricane Jeanne Re-opening Date Yet to Be Determined Tuesday, September 28, 2004 at 2:00 p.m. - The Breakers Management Team reconvened again this afternoon to review the status of The Breakers in the aftermath of Hurricane Jeanne. At this point in time, The Breakers is temporarily closed and the opening date is yet to be determined. We are currently assessing the aftermath of Hurricane Jeanne but can report that no structural damage was experienced anywhere on the resort. The buildings appear to be in very good form and all the public areas...
The Breakers Palm Beach Re-opens After Three Week Closure Due to Hurricane Frances / September 2004
March 31, 2004
Hotel Online Special Report The Breakers Palm Beach Re-opens After Three Week Closure Due to Hurricane Frances PALM BEACH, FL - September 22, 2004 - The Breakers Palm Beach re-opens for business today, after the threat of Hurricane Frances forced the island of Palm Beach, including all guests and employees of the luxury oceanfront resort, to evacuate on September 2. None of the buildings on property, including the main hotel, suffered any major structural damage. Rainwater was detected in 30 guest rooms and landscaping throughout the 140-acre property, including many of the 4,000 trees, and the private beach, ...
John Boulware Named Director of Operations at Hotel Derek, Houston / September 2004
March 31, 2004
Hotel Online Special Report John Boulware Named Director of Operations at Hotel Derek, Houston HOUSTON (September 10, 2004) Hotel Derek, Houstons most fashionable address for business and leisure travelers, announced today that John C. Boulware has joined the property as Director of Operations. In this role, Boulware will oversee all hotel operation functions, including the front desk, bell stand, concierge, valet parking and house keeping departments. We are pleased to welcome John, a highly qualified and experienced leader in the hotel industry, to our team, said John C. Boulware Steven Andre, g...
