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Myrtle Beach Hotel Sued for Negligence; Man Claims Elevator He Was Riding Fell 12 Floors / July 2004
March 31, 2004
Hotel Online News for the Hospitality ExecutiveBy Phil Watson, The Sun News, Myrtle Beach, S.C.Knight Ridder/Tribune Business News July 3, 2004 - A Wyoming man is suing a Myrtle Beach hotel for injuries he says he received when an elevator he was riding in fell 12 floors. Joseph Hill, 29, of Evanston, Wyo., was vacationing in Myrtle Beach on Oct. 6, 2001. He says he got on an elevator at the Tropical Winds Motor Inn at 705 S. Ocean Blvd., and it fell for several seconds, severely injuring him. "I don't know if the cable snapped or if a computer overheated. ... It was the most terrifying experience of my life," Hill said. As a result ...
Depreciating Assets: What Hotel Owners Should Be Considering / Kevin F. Reilly / July 2004
March 31, 2004
Hotel Online Special Report Depreciating Assets: What Hotel Owners Should Be Considering by: Kevin F. Reilly JD, CPA Taxation without representation is tyranny - James Otis (18th Century) Taxation with representation aint so hot either - Gerald Barzan (20th Century) July 2004 - President Bush seems to agree with the later statement. Every year since he has been in office, he has pushed a tax cut. This year is no different. In his State of the Union address, the President called for the 2001 and 2003 tax cuts, which are supposed to expire in 2005, to be made permanent. In addition, the Pre...
Educational Institute Releases New Color Edition of 'Hospitality Today: An Introduction', Offers Comprehensive Look at the Spectrum of Oppor
March 31, 2004
Hotel Online Special Report Educational Institute Releases New Color Edition of 'Hospitality Today: An Introduction' . Offers Comprehensive Look at the Spectrum of Opportunities in Hospitality LANSING, Mich., July 2004 - "Hospitality Today: An Introduction," the best-selling textbook by Rocco M. Angelo, CHA, and Andrew N. Vladimir, CHE, has been released in a new, full-color, hardbound edition by the Educational Institute of the American Hotel & Lodging Association. The fifth edition includes more than 100 color photos, including many full-page images, that showcase the excitement and diversity of today's hospitalit...
Hoboken Revival; Developer Applied Development Company Building 225 room W Hotel Along the Hudson River in New Jersey / July 2004
March 31, 2004
Hotel Online Special Report Hoboken Revival; Developer Applied Development Company Building 225 room W Hotel Along the Hudson River in New Jersey, Charles Gwathmey to Design Hotel WHITE PLAINS, N.Y - July 20, 2004 -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced today plans for a new W Hotel along the Hudson River in New Jersey. Scheduled to open in September of 2006, the W Hoboken Hotel and Residences is the fourth W residence property of its kind to be announced in the U.S. following the W Scottsdale, W Fort Lauderdale and W Dallas, and the 26th hotel to join the brand's growing portfolio. The 22...
Hilton Hotels New Standard for Business Technology in Hotels Aims to Be Consistent, Integrated and Seamless / July 2004
March 31, 2004
Hotel Online Special Report Hilton Hotels New Standard for Business Technology in Hotels Aims to Be Consistent, Integrated and Seamless BEVERLY HILLS, Calif. - July 22, 2004 -- An Essential Set Of "Personal Performance Services" for the Traveling Business Professional Will Become Available at Hilton Hotels & Resorts Across North America by June 2005 In response to the ever-increasing pace of business today, Hilton Hotels & Resorts today announced a new standard for business technology in hotels. The Hilton Integrated Business Solution is a flexible and convenient collection of essential business amenities and se...
Glenn Davis, Former Major Leage Baseball Player, a Managing Director in the $10 million Hilton Garden Inn in Columbus, Georgia / July 2004
March 31, 2004
Hotel Online News for the Hospitality ExecutiveBy Tony Adams, Columbus Ledger-Enquirer, Ga.Knight Ridder/Tribune Business News July 23, 2004 - Glancing around at a crowd gathered for the official opening of the Hilton Garden Inn Thursday, Glenn Davis, one of the property's owners, made an off-the-cuff comment that fit perfectly. "As the umpire says, 'Let's play ball,'" said Davis, who spent 18 years in professional baseball, about 10 of those years in the major leagues. Davis, also a Columbus councilor, and the hotel's other managing partner, Dhan Parekh, both Columbus residents, aren't just looking for a hit with the $10 million ven...
Hilton Hotels Corporation Becomes 'Founding Sponsor' of the National Association of Black Hotel Owners, Operators and Developers (NABHOOD) /
March 31, 2004
Hotel Online Special Report Hilton Hotels Corporation Becomes 'Founding Sponsor' of the National Association of Black Hotel Owners, Operators and Developers (NABHOOD) BEVERLY HILLS, Calif., July 26, 2004 At the 8th Annual International Multicultural Tourism and Hotel Ownership Summit, held last week in South Beach, Florida, Hilton Hotels Corporation presented Andy Ingraham, President of the National Association of Black Hotel Owners, Operators and Developers (NABHOOD), with a sponsorship check in the amount of $25,000. This support from Hilton Hotels Corporation distinguishes the company as an initial "Founding...
March 31, 2004
Hotel Online Special Report Hidden Eyes® Guard Service Uses Proven Technology to Help Hotels and Resorts Better Secure Facilities; . Companys Various Services Can Provide Security without Imposing on Guests SEBRING, Fla. (July 6, 2004) Hotels and resorts are facing new tests when it comes to securing their facilities. Today, guests are traveling with laptops, other electronics and valuables eyed by criminals and threats of terrorism are a reality. According to a June investigative report done by Dateline NBC, many hotels are not meeting this challenge. Non-guests have been found wandering the floors at n...
Harrah's Draws Criticism; Employee Appearance Standards Go "Overboard" / July 2003
March 31, 2004
Hotel Online News for the Hospitality ExecutiveBy Scott Mayerowitz, The Providence Journal, R.I.Knight Ridder/Tribune Business News July 13, 2004 - PROVIDENCE, R.I. -- What might be in store for people looking to work at the proposed Harrah's West Warwick casino? If the hiring is anything like what Harrah's has done at some of its facilities, cocktail waitresses would have to "audition" for their jobs in swimsuits. Once hired, they would be required to wear makeup, mascara, lipstick, heels, and have their hair styled a particular way. If they got pregnant, they would have six months after giving birth to fit back into their pre-pregnanc...
Harrah's Buying its Rival Caesars For Cash and Stock Deal Valued at $9.44 billion; Combined, Harrah's and Caesars Will Be Largest Casino Op
March 31, 2004
Hotel Online Special Report Harrah's Buying its Rival Caesars For Cash and Stock Deal Valued at $9.44 billion - Combined, Harrah's and Caesars Will Be Largest Casino Operator in the World LAS VEGAS, July 15, 2004 - Harrah's Entertainment, Inc. (NYSE: HET) has signed a definitive agreement to acquire Caesars Entertainment, Inc. (NYSE: CZR) in a cash and stock transaction that would be the largest in gaming-industry history. The boards of directors of both companies have unanimously approved the transaction, which remains subject to approvals by Harrah's and Caesars shareholders and regulatory agencies. Und...
Optimum Hotel Brokerage Sells Hampton Inn in Sturbridge Massachusetts / July 2004
March 31, 2004
Hotel Online Special Report Optimum Hotel Brokerage Sells Hampton Inn in Sturbridge Massachusetts Fairfield, Connecticut, July 12, 2004 Optimum Hotel Brokerage announced today that the firm has closed on the sale of the Hampton Inn in Sturbridge. Massachusetts. The 84-unit hotel sold for $5,625,000, or roundly $67,000 per room. Optimums president, Joe McCann, represented the seller, Sun & Sand, LLC, a Massachusetts-based hotel developer and operator. The buyer was SDP Partners, a regional multi-unit owner/operator. "The Hampton Inn Sturbridge is a well-constructed and well-located asset. The transaction was a win-w...
Hampton® Opens Seven Hotels in June 2004; Brand Now Has One Hundred Hotels Open in the State of Florida / July 2004
March 31, 2004
Hotel Online Special Report Hampton® Opens Seven Hotels in June 2004; Brand Now Has One Hundred Hotels Open in the State of Florida MEMPHIS, Tenn., DATEJuly 13, 2004Hampton, the national brand of more than 1,250 mid-priced Hampton Inn® and Hampton Inn & Suites® hotels, announced the opening of seven Hampton hotels in June 2004, representing 675 new rooms, including the brands one hundredth property in Florida. The seven new openings, all of which are new developments and franchised properties, include four Hampton Inn hotels and three Hampton Inn & Suites hotels. "In June, we continued to make de...
John Q. Hammons Hotels Developing $55 million 230 room Marriott Hotel and 125,000-square-foot Convention Center in Rodgers, Arkansas / July 2004
March 31, 2004
Hotel Online Special Report John Q. Hammons Hotels Developing $55 million 230 room Marriott Hotel and 125,000-square-foot Convention Center in Rodgers, Arkansas Located Next to Company's Embassy Suites Property SPRINGFIELD, Mo. and ROGERS, Ark., July 21, 2004 - Mr. John Q. Hammons today announced plans to develop a $30 million, 230-room Marriott Hotel and a $25 million, 125,000-square-foot John Q. Hammons Center in the booming Pinnacle Hills area of Rogers, Ark. Representing the first full-service Marriott Hotel in Arkansas, the new property will be linked to Hammons' already established $45 million, 250-...
Strategic Hotel Capital, Inc. Acquiring The 261 room Ritz-Carlton Half Moon Bay for $124.4 Million / July 2004
March 31, 2004
Hotel Online Special Report Strategic Hotel Capital, Inc. Acquiring The 261 room Ritz-Carlton Half Moon Bay for $124.4 Million CHICAGO, July 26, 2004 - Strategic Hotel Capital, Inc. (NYSE: SLH) today announced that it has signed an agreement to acquire The Ritz-Carlton Half Moon Bay, a luxury destination resort overlooking the Pacific Ocean south of San Francisco, California, from a client advised by Morgan Stanley Real Estate. The resort features 261 guestrooms -- the majority of which have ocean or coastal views -- a 16,000 square foot spa and 17,000 square feet of indoor meeting space with additional ...
Hotel Technology Next Generation (HTNG) Vision in Action at Mandarin Oriental Group Hotels; Implements First HTNG Technology Inter-Operability Solu
March 31, 2004
Hotel Online Special Report Hotel Technology Next Generation (HTNG) Vision in Action at Mandarin Oriental Group Hotels; Implements First HTNG Technology Inter-Operability Solution July 6, 2004, Bellingham, WA - As an immediate follow-on to the interoperability demonstrations by HTNG vendor members at the recent HITEC conference, Hotel Technology Next Generation (HTNG) announces that the Mandarin Oriental New York City and Washington DC properties have implemented three vendor technology solutions that seamlessly inter-operate, thus providing a quantum leap for the hotels to provide better guest services through tech...
Hotel Yield Management Professionals Ponder Future; HSMAI Revenue Management Strategy Wrap Up / July 2004
March 31, 2004
Hotel Online Special Report Hotel Yield Management Professionals Ponder Future; HSMAI Revenue Management Strategy Wrap Up MCLEAN, VA (July 8, 2004) The Hospitality Sales & Marketing Association International (HSMAI) and a group of 92 hospitality revenue management professionals met recently for a one-day conference which resulted in attendees suggesting that HSMAI take the lead on building relationships between hotel owners and revenue managers, building communications links between senior management and revenue managers, and providing a broader focus on education and networking opportunities for this vital s...
March 31, 2004
Hotel Online Special Report Approximately 1,800 Meeting Planners Expected at HSMAIs 15th Annual Affordable Meetings® National Show Washington Convention Center Sept. 8-9, 2004 MCLEAN, VA (July 29, 2004) With a growing number of companies recognizing the value of targeting a qualified group of meeting planners in a single venue, the trade expo at the Hospitality Sales & Marketing Association Internationals (HSMAI) 15th annual Affordable Meetings® National show is welcoming several new companies into the fold, (resulting in expanded sections in the floor layout) and high praise from fellow exhibitors about ...
Starwood Hotels & Resorts Reports 2nd Qtr Net Income Dropped to $154 million from $290 million in 2nd Qtr of 2003, RevPAR Up 17.1% Worldwide / Hotel
March 31, 2004
Hotel Online Special Report Starwood Hotels & Resorts Reports 2nd Qtr Net Income Dropped to $154 million from $290 million in 2nd Qtr of 2003, RevPAR Up 17.1% Worldwide Hotel Operating Statistics WHITE PLAINS, NY - July 22, 2004--Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT): Second Quarter 2004 Highlights: REVPAR at Same-Store Owned Hotels worldwide and in North America increased 17.1% and 16.0%, respectively, when compared to the second quarter of 2003. ADR increased 7.5% and 6.9% worldwide and in North America, respectively. Globally, for Same-Store Owned Hotels, Sheraton REVPAR grew (+21.9%), f...
Arlington Hospitality's 51 Hotels Report RevPAR in June 2004 Increased 4.7% Compared to June 2003, Occupancy Increased 5.5% / July 2004
March 31, 2004
Hotel Online Special Report Arlington Hospitality's 51 Hotels Report RevPAR in June 2004 Increased 4.7% Compared to June 2003, Occupancy Increased 5.5% ARLINGTON HEIGHTS, Ill., July 13, 2004 Arlington Hospitality, Inc. (Nasdaq/NM: HOST), a hotel development and management company, today announced June 2004 same-room operating results for the AmeriHost Inn hotels in which the company has an ownership interest, and the sale of two AmeriHost Inn hotels. In addition, the company announced an extension of its temporary letter agreement with PMC Commercial Trust (PMC) (AMEX: PCC), the landlord of 21 Amer...
March 31, 2004
Hotel Online Special Report Arlington Hospitality Garners HVS Top Board Award - Arlingtons Herman, Belmonte Accept Lodging Leadership Award at 26th Annual NYU International Hospitality Industry Conference New York (June 30, 2004) Arlington Hospitality, a hotel development, ownership and management company based in Arlington Heights, Ill., has been named by HVS Executive Search as having the lodging industrys top performing board of directors. Arlington Hospitality President and C.E.O. Jerry Herman and Board Member Steven Belmonte accepted the Lodging Leadership Award for Board Performance on behalf of ...
Host Marriott Posts 2nd Qtr Net Profit of $17 million Compared with a Loss of $14 million a Year Earlier; RevPAR Up 8.8% / July 2004
March 31, 2004
Hotel Online Special Report Host Marriott Posts 2nd Qtr Net Profit of $17 million Compared with a Loss of $14 million a Year Earlier; RevPAR Up 8.8% Hotel Statistics BETHESDA, Md., July 21, 2004 - Host Marriott Corporation (NYSE: HMT), the nation's largest lodging real estate investment trust (REIT), today announced results of operations for the second quarter of 2004. Second quarter results include the following: Total revenue was $927 million and $1,730 million for the second quarter and year-to-date 2004, respectively, compared to $828 million and $1,597 million for the second quarter and year-to-date 20...
Hilton Hotels Earned $75 million in the 2nd Quarter, Up Sharply from the $54 million a Year Ago; Increased Business Travel Boosted Occupancy at High-e
March 31, 2004
Hotel Online Special Report Hilton Hotels Earned $75 million in the 2nd Quarter, Up Sharply from the $54 million a Year Ago; - Increased Business Travel Boosted Occupancy at High-end Urban Hotels Hotel Operating Statistics Comparable owned hotel RevPAR increases 8.3%, margins 30.5% Fees increase 10% from RevPAR growth, new units Timeshare revenue up 24% Diluted EPS increases 36% to $.19 BEVERLY HILLS, Calif. - July 28, 2004 -- Hilton Hotels Corporation (NYSE:HLT): today reported financial results for the second quarter and six months ended June 30, 2004, with the quarter's results highlig...
Holiday Inn Select Near the University of Central Florida in Orlando Acquired by The Procaccianti Group / July 2004
March 31, 2004
Hotel Online Special Report Holiday Inn Select Near the University of Central Florida in Orlando Acquired by The Procaccianti Group PROVIDENCE, R.I., July 19, 2004 Officials of The Procaccianti Group (TPG), a New England-based, full-service, privately owned hotel ownership, management and construction company, today announced that the company has acquired the Holiday Inn Select near the University of Central Florida in Orlando for an undisclosed amount from Jefferson Pilot. The Procaccianti Group also announced plans to spend $4.5 million on renovations, which will focus on refurbishing the public space...
Thompson Calhoun Fair Brokers Sale of the Holiday Inn Express in Memphis, Tennessee / July 2004
March 31, 2004
Hotel Online Special Report Thompson Calhoun Fair Brokers Sale of the Holiday Inn Express in Memphis, Tennessee ATLANTA, Georgia, July 12, 2004 - Thompson Calhoun Fair, LLC, an Atlanta-based hotel real estate firm, announced today that it advised Kemmons Wilson Companies in the disposition of the Holiday Inn Express in Memphis, Tennessee. The hotel is located at 8635 Highway 64 adjacent to the Wolfchase Galleria Mall in Memphis. The five-story, 107-room Holiday Inn Express features one meeting room with approximately 440 square feet, a fitness center and a breakfast area. The property is situated on approximately 1.7 a...
