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Starwood Posts a First Quarter Net Profit of $34 million Compared with a Loss of $116 million in 2003; Anticipating a Full Year Net Income of $265 mil
February 28, 2004
Hotel Online Special Report Starwood Posts a First Quarter Net Profit of $34 million Compared with a Loss of $116 million in 2003; Anticipating a Full Year Net Income of $265 million > Plans to Convert a Portion of St. Regis New York into Residential Condominiums Hotel Operating Statistics WHITE PLAINS, N.Y. - April 22, 2004 -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT): First quarter 2004 Highlights: REVPAR at Same-Store Owned Hotels worldwide and in North America increased 11.6% and 9.4%, respectively, when compared to 2003. ADR increased 4.6% and 2.4% worldwide and in North America, r...
Hilton Reports 1st Qtr Net Income of $37 million, Nearly 4 Times Higher than a Year Ago; Timeshare Income up 45% / Hotel Operating Statistics / April
February 28, 2004
Hotel Online Special Report Hilton Reports 1st Qtr Net Income of $37 million, Nearly 4 Times Higher than a Year Ago; Timeshare Income up 45% Hotel Operating Statistics Comparable owned hotel RevPAR increases 2.9% Fees increase 11% from RevPAR growth across all brands, unit growth Timeshare revenue increases 45% Strong performance results in diluted EPS of $.10 BEVERLY HILLS, Calif. - April 28, 2004 - Hilton Hotels Corporation (NYSE:HLT) today reported financial results for the first quarter ended March 31, 2004. Contributing to strong quarterly results were significant increases in the ...
Molinaro Koger Closes Holiday Inn East Columbus on Behalf of B.F. Saul Company / April 2004...
February 28, 2004
Hotel Online Special Report  Molinaro Koger Closes Holiday Inn East Columbus on Behalf of B.F. Saul Company McLean, Virginia – April 19, 2004 – A welcome balance between hotel real estate purchasers and sellers is indicated by Molinaro Koger’s announcement today that the firm closed the sale of the Holiday Inn East, Columbus, Ohio, on behalf of the Hotel Division of B.F. Saul Company. The 278-room, business class hotel was sold to Platinum Lodging LLC, a Columbus-based real estate company. Following the sale, DeSilva Properties will manage the Holiday Inn East Columbus. The full-service, 12-story hotel features ...
Harrah's Reports 1st Quarter Net Income of $81.7 million Slightly Better than the $81.1 million Recorded in 2003; Southern Nevada Properties Part
February 28, 2004
Hotel Online Special Report Harrah's Reports 1st Quarter Net Income of $81.7 million Slightly Better than the $81.1 million Recorded in 2003; Southern Nevada Properties Particularly Strong LAS VEGAS, April 21, 2004 - Harrah's Entertainment, Inc. (NYSE: HET) today reported record first-quarter revenues of $1.11 billion, up 4.7 percent from revenues of $1.06 billion in the 2003 first quarter. Property Earnings Before Interest, Taxes, Depreciation and Amortization (Property EBITDA) rose 1.4 percent to a first-quarter record of $287.5 million from Property EBITDA of $283.6 million in the year-earlier period.Â...
Guest-Tek’s Broadband Network Solution to be Installed in 51 FelCor-Owned Hotels / April 2004...
February 28, 2004
Guest-Tek’s Broadband Network Solution to be Installed in 51 FelCor-Owned Hotels Multi-property agreement worth an estimated $3 million CDN Calgary, AB – (April 29, 2004) – Guest-Tek Interactive Entertainment Ltd. (Guest-Tek, TSX: GTK), a leader in delivering full-service wireless and wired broadband networking solutions to the hospitality industry, and FelCor Lodging Trust (NYSE: FCH), North America’s second largest lodging real estate investment trust (REIT), today announced that Guest-Tek will deliver its GlobalSuite™ broadband Internet solution to 51 FelCor hotels in North Americ...
Guest-Tek Named Exclusive High-Speed Internet Provider to Canalta / April 2004...
February 28, 2004
Guest-Tek Named Exclusive High-Speed Internet Provider to Canalta Guest-Tek’s broadband solution to be offered in 15 Canalta properties. Calgary, AB – April 14, 2004 – Guest-Tek Interactive Entertainment Ltd., (Guest-Tek) (TSX: GTK), a world-class provider of high-speed Internet access to the hospitality industry, today announced that Canalta, a major motel ownership group in Western Canada, has selected Guest-Tek as its exclusive provider of high-speed Internet access. Guest-Tek’s broadband solution will be offered in 15 Canalta properties by the end of 2004, 12 of which will be installed within the next three months. Bran...
Owners of the Woodlands Resort & Conference Center Retain The Greenwich Group International to Sell the Resort / April 2004...
February 28, 2004
Hotel Online Special Report Owners of the Woodlands Resort & Conference Center Retain The Greenwich Group International to Sell the Resort April 8, 2004 - At a time when business and leisure travel is enjoying a rebound, the owners of The Woodlands Resort & Conference Center, located outside of Houston, Texas, plan to sell the property to unlock recently created value. The resort will be sold free and clear of a management contract.  The Woodlands Resort is regarded as one of the top meeting resort properties in the United States, and is one of the original conference facilities in the country. It serves as the meeti...
The Mirage Merging Two Concepts, Gourmet Dining and Buffet-style Restaurant; The 32,000 sq ft, 600-seat Cravings Expects to Serve A $32 Buffet for 3-4
February 28, 2004
Hotel Online News for the Hospitality Executive  The Mirage Merging Two Concepts, Gourmet Dining and Buffet-style Restaurant; The 32,000 sq ft, 600-seat Cravings Expects to Serve A $32 Buffet for 3-4.000 Daily . The Philadelphia Inquirer Gambling Column By Bill Ordine, The Philadelphia Inquirer Knight Ridder/Tribune Business News Apr. 5, 2004 - VEGAS CASINO'S NEW DINING CONCEPT: A GOURMET BUFFET: With just about every celebrity chef who has ever stirred a pot on the Food Channel opening a restaurant in Las Vegas, the city has taken its place alongside such fine-dining tourist towns as San Francisco, New Orleans and ...
Golf Industry Leaders Gather in Budapest May 27-28, 2004; The Golf Business Forum Brings Together Professionals Involved in the Business of Golf to Fo
February 28, 2004
Hotel Online Special Report Golf Industry Leaders Gather in Budapest May 27-28, 2004; - The Golf Business Forum Brings Together Professionals Involved in the Business of Golf to Focus on Emerging Markets April 15, 2004 - The Golf Business Forum, which will take place in Budapest on 27-28 May 2004, will gather golf industry leaders, real estate developers, banks and investors, European Union officials, operators of golf clubs, architects and designers, as well as tourism authorities for the premiere event of the year. We are pleased to see that professionals involved in the business of golf now have a platform to meet,...
GoConcierge.net Defies the Odds, Doubles Client Base to More than 100 in One Year; Boca Raton Resort & Club, InterContinental Mark Hopkins are Latest
February 28, 2004
Hotel Online Special Report GoConcierge.net Defies the Odds, Doubles Client Base to More than 100 in One Year . Boca Raton Resort & Club, InterContinental Mark Hopkins are Latest to Adopt Web-Based System LOS ANGELES — April 20, 2004 — Faced with the aftermath of 9-11, a recession and the war in Iraq, GoConcierge.net has been able to do what few other companies have done in the last two years—thrive. Maker of GoConcierge, the lodging industry’s leading task-tracking and database solution for concierges, the Los Angeles-based company has more than doubled in size in the last year. Today, GoConcierge.net’s Web-base...
Glorietta Bay Inn, Coronado, California Receives AH&LA's Best Guest Relations Program Award for Properties with 150 rooms or Less / April 2004...
February 28, 2004
Hotel Online Special Report Glorietta Bay Inn, Coronado, California Receives AH&LA's Best Guest Relations Program Award for Properties with 150 rooms or Less Coronado, CA, April 14, 2004 – Glorietta Bay Inn announces today that it has received a “Stars of the Industry” award for Best Guest Relations Program for properties with 150 rooms or less from the American Hotel & Lodging Association and Diners Club International. The award was presented in Las Vegas today at the Las Vegas International Hotel and Restaurant Show. Kim Akers, general manager, and Fe Herron, housekeeping manager, were present to acc...
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February 28, 2004
Hotel Online Special Report Global Update: Who’s Where and Doing What March/April 2004 Heads Above the Rest The Newsletter of The Boutique Search Firm Europe Klaus Reincke passed away last month in Germany, unexpectedly struck by a devastating illness. I will remember him as an inspiration at the beginning of my career when he was my General Manager at the Hyatt Regency Washington on Capital Hill, some twenty-seven years ago. Klaus was an entrepreneur at heart whose career spun many countries in Europe, the Middle East and North America. He will be missed. Anthony Stewart-Moore, a Marriott veteran with over ...
Profile: George Vera, the Front-door Manager at Caesars Palace / April 2004...
February 28, 2004
Hotel Online News for the Hospitality Executive Profile: George Vera, the Front-door Manager at Caesars Palace Las Vegas Review-Journal Nevadan At Work Column By Rod Smith, Las Vegas Review-Journal Knight Ridder/Tribune Business News Apr. 4, 2004 - CAESARS FRONT-DOOR MANAGER GEARED TO A LIFE IN DRIVE: George Vera, the front-door manager at Caesars Palace, is not typical of casino management. An executive with a $4 billion a year company, he operates not out of an office but on the driveway. And he's loath to wear suits, preferring to don the same uniforms as his staff. Vera says he came to Las Vegas when he was 19...
Benchmark Hospitality Appoints Gregory D. Fulton as Director of Sales & Marketing for The Georgian Terrace Hotel, Atlanta / April 2004...
February 28, 2004
Hotel Online Special Report Benchmark Hospitality Appoints Gregory D. Fulton as Director of Sales & Marketing for The Georgian Terrace Hotel, Atlanta ATLANTA, GEORGIA, April 2004 ... Benchmark Hospitality of The Woodlands (Houston), Texas, has appointed Gregory D. Fulton as director of sales & marketing for The Georgian Terrace Hotel, an historic 319-guestsuite property located in the heart of Atlanta's burgeoning Midtown district. Roy Young, managing director, made the announcement. Mr. Fulton brings a decade of hospitality sales experience to his new position at The Georgian Terrace Hotel. Previ...
Hotelier Richard Kessler Hand Selecting Over 200 Pieces of European and American Artwork for the 126-room Mansion on Forsyth Park, Savannah, Georgia /
February 28, 2004
Hotel Online Special Report Hotelier Richard Kessler Hand Selecting Over 200 Pieces of European and American Artwork for the 126-room Mansion on Forsyth Park, Savannah, Georgia SAVANNAH, GA (April 17, 2004) – The chic and luxurious 126-room Mansion on Forsyth Park hotel, located in Savannah, GA, will be showcasing over 200 pieces of unique, European and American artwork throughout the hotel and in each guestroom. The art collection will consist of oil and watercolor paintings, bronze sculptures, art glass and marble pieces in addition to antique mirrors, chandeliers and Lalique glass door knobs. Each p...
Top Toques Weigh in on the Season's Biggest Food Trends and Flops in New York / April 2004...
February 28, 2004
Hotel Online Special Report Top Toques Weigh in on the Season's Biggest Food Trends and Flops in New York NEW YORK, April 8, 2004 - What will spring 2004 taste like in New York City? What flavors and trends will define what we eat and drink over the next several months? Which fads will fade? Restaurant Associates (RA), which operates a major portfolio of restaurants on the east and west coasts, recently gathered together its team of NYC executive chefs to discuss what's on the menu in New York. Several years ago, RA merged with Joachim Splichal's Patina operations in California and Las Vegas, establishing ...
Baby It's Cold Outside the Firewall / Michael Schubach / April 2004...
February 28, 2004
Hotel Online Special Report Baby It’s Cold Outside the Firewall This article is from the Spring 2004 issue of Hospitality Upgrade magazine.To view more articles covering technology for the hospitality industry please visit the Hospitality Upgrade Web site or to request a free publication please call (678) 802-5303 or e-mail. by Michael Schubach, April 2004 Ah, winter in North Carolina. Not many outside our little section of the United States consider cold, blustery weather to be part of our repertoire.  Let me assure you that freezing your assets is indeed a part of the charm of the Old South. Howeve...
Fairmont and Obrascon Huarte Lain, S.A. Building 401-room Luxury Resort near Playa del Carmen, Mexico / April 2004...
February 28, 2004
Hotel Online Special Report Fairmont and Obrascon Huarte Lain, S.A. Building 401-room Luxury Resort near Playa del Carmen, Mexico April 28, 2004 - Fairmont Hotels & Resorts Inc. has entered into an agreement with Obrascon Huarte Lain, S.A. ("OHL") to manage a 401-room luxury resort near Playa del Carmen, Mexico. FHR's luxury management company, Fairmont Hotels & Resorts, will operate "The Fairmont Mayakoba, Riviera Maya", scheduled to open in late 2005. In addition to securing a long-term management contract, FHR will invest approximately $10 million for an equity interest of approximately 15% in the resort....
The InterContinental Resort & Casino San Juan Appoints Fernando Sá as the Director of Catering and Convention Services / April 2004...
February 28, 2004
Hotel Online Special Report The InterContinental Resort & Casino San Juan Appoints Fernando Sá as the Director of Catering and Convention Services San Juan, Puerto Rico (April 21, 2004) – The InterContinental Resort & Casino San Juan has appointed Fernando Sá as the new Director of Catering and Convention Services. Sá will be responsible for overseeing all events and conventions held at the luxury beachfront resort as well as driving catering and convention sales. Sá will work closely with the resort’s Sales & Marketing team to ensure that all events and receptions are run with smooth perfection. ...
Faye Ishikawa Appointed Regional Sales Manager for Western Region – Pan Pacific Hotels / April 2004...
February 28, 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 Faye Ishikawa Appointed Regional Sales Manager for Western Region - Pan Pacific Hotels San Francisco, CA --- Pan Pacific Hotels and Resorts is pleased to announce that Faye Ishikawa has just been hired as the new Regional Sales Manager for the western region. Faye will be responsible for managing sales in the no...
Fairmont Reports a 1st Qtr Net Loss of $600,000 Compared with Net Income of $12.5 million in the Year-ago Quarter; Occupancy Rose to 64.7% from 60.8%
February 28, 2004
Hotel Online Special Report  Fairmont Reports a 1st Qtr Net Loss of $600,000 Compared with Net Income of $12.5 million in the Year-ago Quarter; Occupancy Rose to 64.7% from 60.8% Hotel Operating Statistics TORONTO, April 27, 2004 - Fairmont Hotels & Resorts Inc. ("FHR" or the "Company") (TSX/NYSE: FHR) today announced its unaudited financial results for the first quarter ended March 31, 2004 using Canadian generally accepted accounting principles. All amounts are expressed in U.S. dollars. "We are encouraged by the solid recovery in industry fundamentals leading to travel demand increases throughout...
FelCor Reports Net Loss for the 1st Qtr of 2004 of $27.4 million Compared to Prior Year 1st Qtr Net Loss of $27.8 million; Occupancy Up 5.2%, to 64.4
February 28, 2004
Hotel Online Special Report  FelCor Reports Net Loss for the 1st Qtr of 2004 of $27.4 million Compared to Prior Year 1st Qtr Net Loss of $27.8 million; Occupancy Up 5.2%, to 64.4% 4.4 Percent Increase in RevPAR for First Quarter IRVING, Texas, April 28, 2004 - FelCor Lodging Trust Incorporated (NYSE: FCH), the nation's second largest hotel real estate investment trust (REIT), today reported operating results for the first quarter ended March 31, 2004. First Quarter Results: FelCor's first quarter revenue from continuing operations was $311 million, which reflected an increase of $24 million, or 8.5 ...
European Hotel Transactions 2003 – Country Analysis / Canadian Lodging Outlook – February 2004 Year-to-Date / April 2004...
February 28, 2004
Hotel Online Special Report European Hotel Transactions 2003 Country Analysis CANADIAN LODGING OUTLOOK February 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: Philippa Bock and Bernard Forster, HVS International - London, U.K. International's London office has published a review of the European single asset transactions during 2003. This article provides a general overview of transactional activity during 2003 for the European hotel market. Single Asset Transactions by Country For the first time in ...
Buccini/Pollin Group Tops Off 150-suite Embassy Suites Hotel at Washington Dulles International Airport; $38 million Development Includes Adjoining 90
February 28, 2004
Hotel Online Special Report Buccini/Pollin Group Tops Off 150-suite Embassy Suites Hotel at Washington Dulles International Airport; $38 million Development Includes Adjoining 90-suite Homewood Suites DULLES, Va., April 12, 2004 — A gathering of nearly 100 invited guests and local dignitaries “endorsed” the topping off of the 150-suite Embassy Suites Hotel Dulles-North during a special ceremony held recently at the property. Officials from state and local government, the Loudoun County Chamber of Commerce, local businessmen and bankers were invited to affix their signatures to the final structural steel...
