Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
Crescent Real Estate Equities Planning a $150 million Ritz-Carlton Hotel and Condominiums in Dallas' Uptown Market / April 2004
February 28, 2004
Hotel Online News for the Hospitality ExecutiveBy Sandra Baker, Fort Worth Star-Telegram, TexasKnight Ridder/Tribune Business News Apr. 22, 2004 - FORT WORTH -- Crescent Real Estate Equities plans to build a 21-story Ritz-Carlton Hotel and luxury condominium project next to its flagship Crescent Court development in Dallas' Uptown market, the Fort Worth-based company announced Wednesday. To be called the Residences at the Ritz-Carlton, the project -- to include 70 condos -- has been planned for many years as part of the Crescent development, said Denny Alberts, Crescent's president. The project is expected to cost "in excess of $150 ...
Las Vegas Distances Itself from Chicago, Orlando, New York as Nation's Top Convention City / April 2004
February 28, 2004
Hotel Online News for the Hospitality ExecutiveBy Chris Jones, Las Vegas Review-JournalKnight Ridder/Tribune Business News Apr. 29, 2004 - Las Vegas was again named the nation's top convention destination for 2003, extending a remarkable 10-year reign as the industry's No. 1 host market, editors of a respected industry publication said this week. Since 1974, Tradeshow Week, a Los Angeles-based magazine that monitors the global convention industry, has compiled a list of the nation's largest conventions and trade shows. Its annual Tradeshow Week 200 report, to be published in Friday's edition, also lists the industry's busiest cities ...
Contact Development Corporation and Private Residence Resorts, LLC form a Strategic Alliance for the Development of Whole Ownership & Fractional Owner
February 28, 2004
Hotel Online Special Report Contact Development Corporation and Private Residence Resorts, LLC Form a Strategic Alliance - Will Develop Whole Ownership & Fractional Ownership Mixed-Use Resort / Residential Projects SAN FRANCISCO, CA April 5, 2004 Today Contact Development Corporation (CDC), headquartered in San Francisco, California, with offices in Mexico City, and Private Residence Resorts, LLC (PRR), headquartered in Sun Valley, Idaho with offices in Seattle, Washington, announced that they have formed a strategic alliance to provide complete turn-key development services, including equity capital and ...
Hotel Construction Pipeline Up Slightly for 1st Quarter 2004; Marriott the Largest in Both New Construction and Conversion/Reflagging Activity, at 48,
February 28, 2004
Hotel Online Special Report Hotel Construction Pipeline Up Slightly for 1st Quarter 2004; . Marriott the Largest in Both New Construction and Conversion/Reflagging Activity, at 48,109 rooms in 312 Hotels PORTSMOUTH, NH April 21, 2004 - In its latest Quarterly Report on Lodging Development Trends, Lodging Econometrics (LE) reports that although the New Construction Pipeline saw a slight increase in 1Q04 of 4.1% over 4Q03, the Pipeline is still in a bottoming formation. Year-over-Year, the Pipeline is down 12 projects and 11,310 rooms. Patrick Ford, President, stated that LEs beginning-of-the-ye...
Recognizing the Value of the 'Small Meetings' Markets / Hotel Common Sense / John Hogan, MBA CHA MHS / April 2004
February 28, 2004
Hotel Online Special Report Hotel Common Sense . Recognizing the Value of the Small Meetings Markets by John Hogan, MBA CHA MHS, April 2004 Regardless of the size of a hotel today, it can substantially boost its overnight rooms business and its overall profitability by focusing on the small-meeting market. Surveys taken at almost any time in recent history reflect that the most common type of business (or social) meetings involve less than 50 people. For example, Mosvick and Nelson (Weve Got to Start Meeting like this -1999) quote the following average number of participants at meetings statistics: Bu...
February 28, 2004
Hotel Online Special Report Charles Burton Reid, LLC Used Choice Hotel's Room In a Can Design Concept to Develop the 123-unit Comfort Inn Executive Center, Richmond, Virginia RICHMOND, Va. (April 23, 2004) - The 123-unit Comfort Inn Executive Center, located at 7201 W. Broad Street here, will hold a grand opening on Saturday, May 1. The Comfort Inn Executive Center is the first hotel to feature the new Room in a Can design concept for the Comfort Inn brand. The Room In a Can design concept is a new approach providing hotel owners with cost-efficient, integrated, turnkey solutions for fur...
Educational Institute of the AH&LA Providing Training and Testing for all General Managers Entering the Choice Hotels System / April 2004
February 28, 2004
Hotel Online Special Report Educational Institute of the AH&LA Providing Training and Testing for all General Managers Entering the Choice Hotels System Silver Spring, MD (April 8, 2004) Worldwide lodging franchisor Choice Hotels International, Inc. (NYSE:CHH) and the Educational Institute (EI) of the American Hotel & Lodging Association have joined forces to offer Choice Hotels general managers the opportunity to train and test for either the Certified Hotel Administrator (CHA) or Certified Lodging Manger (CLM) accreditations, the industrys premier recognition of professionalism and proficiency in ...
Historic Charleston, South Carolina Will See 7% Increase in Number of Hotel Rooms Over the Next Two Years; The Bennett-Hofford Co. Planning a $35 mill
February 28, 2004
Hotel Online News for the Hospitality Executive Historic Charleston, South Carolina Will See 7% Increase in Number of Hotel Rooms Over the Next Two Years; The Bennett-Hofford Co. Planning a $35 million 185 room Hilton By Kyle Stock, The Post and Courier, Charleston, S.C. Knight Ridder/Tribune Business News Apr. 5, 2004 - Hotels on the peninsula, seemingly immune from hard times in tourism, are about to meet the enemy: more of their own kind, too many perhaps to keep them all fat and happy. Both occupancy rates and room prices, two of the key ingredients to healthy profit margins, stand to take a hit in light of a ...
February 28, 2004
Hotel Online Special Report Seeking to Lure More Bookers from Third-party Web Sites, Cendant's Hotel Group Offering "Best Rate or Its Free" Guarantee PARSIPPANY, N.J. (April 5, 2004) Cendant Corporations Hotel Group today announced it will introduce a Best Rate or Its Free guarantee, promising customers their first night free if they do not receive lower rates on its brand Web sites and toll-free numbers than on third-party Web sites. The program will be introduced May 1 for Cendants Days Inn®, Super 8®, Ramada®, Travelodge®, Howard Johnson®, Knights Inn®, Villager, Wingate Inn® and Ameri...
Unified Approach Secures Greater Share of Market; Newly Launched Caribbean Wedding Association Created to Position Caribbean as Destination of Choice
February 28, 2004
Hotel Online Special Report Newly Launched Caribbean Wedding Association Created to Position Caribbean as Destination of Choice for Island Weddings . Unified Approach Secures Greater Share of Market Celebration, Fla. (April 8, 2004) Wedding and travel professionals interested in increasing their share of the booming destination wedding market can join the newly formed Caribbean Wedding Association - created with a mission to advance the Caribbean wedding industry and act as a forum for idea exchange, trend updates and professional development. The Caribbean Wedding Association was created by Rebecca Grinnals, a ...
Hotel Capitalization Rates Drop Again / David J. Sangree, MAI, CPA, ISHC / April 2004
February 28, 2004
Hotel Online Special Report Hotel Capitalization Rates Drop Again by: David J. Sangree, MAI, CPA, ISHC February 2004 The Winter 2004 USRC Hotel Investment Survey of hotel investors indicates that discount rates and capitalization rates for both limited service and full service hotels have decreased since our Winter 2003 survey. The author has completed this hotel investment survey annually since 1995. The drop in both types of rates is due to increased confidence in the overall hotel market, as most markets are projected to achieve increases in occupancy and ADR in 2004, which will increase overall revenue and net opera...
Canad Inns of Winnipeg Moving Forward on $35 million Hotel and Entertainment Complex in Grand Forks, North Dakota / April 2004
February 28, 2004
Hotel Online News for the Hospitality Executive Canad Inns of Winnipeg Moving Forward on $35 million Hotel and Entertainment Complex in Grand Forks, North Dakota By Tu-Uyen Tran, Grand Forks Herald, N.D. Knight Ridder/Tribune Business News Mar. 30, 2004 - Grand Forks' deal with Canad Inns of Winnipeg officially is settled after four years, two tries and countless legal drafts. The City Council approved at a special session Monday night the final agreements. Canad now can proceed with its plan to build a $35 million to $40 million hotel and entertainment complex next to the city-owned Alerus Center. Canad chief Le...
CNL Hospitality Completes Acquisition of Six KSL Resorts for $1.4 billion in Cash and Assumption of $794 million Debt; KSL Appointed Interim Managemen
February 28, 2004
Hotel Online Special Report CNL Hospitality Completes Acquisition of Six KSL Resorts for $1.4 billion in Cash and Assumption of $794 million Debt; KSL Appointed Interim Management Company ORLANDO, Fla., April 2, 2004 - CNL Hospitality Properties, Inc., an Orlando-based real estate investment trust (REIT), today announced that it has completed its previously announced acquisition of KSL Recreation Corporation ("KSL"), including KSL's portfolio of six luxury destination resorts. CNL Hospitality, through its subsidiaries, acquired 100 percent of the outstanding stock of KSL for $1.4 billion in cash and assumed ...
InterContinental Hotels Group Appointments Carmen Lam as its Vice President, Sales and Marketing, Asia Pacific / April 2004
February 28, 2004
Hotel Online Special Report InterContinental Hotels Group Appointments Carmen Lam as its Vice President, Sales and Marketing, Asia Pacific Singapore, 30 April 2004 InterContinental Hotels Group (The Group) announces the appointment of Ms Carmen Lam as its Vice President, Sales and Marketing, Asia Pacific. Reporting directly to Mr A. Patrick Imbardelli, Managing Director, Asia Pacific, Ms Lam is the latest addition to the regional executive management team. Ms Lam has overall responsibility for planning, developing and driving key sales and marketing strategies to maximise hotel performance. She wil...
Choice Hotels Reports First Quarter 2004 Net Income of $10.6 million, Up from $9.7 million Reported for First Quarter 2003, 12% Growth in Domestic Roy
February 28, 2004
Hotel Online Special Report Choice Hotels Reports First Quarter 2004 Net Income of $10.6 million, Up from $9.7 million Reported for First Quarter 2003, 12% Growth in Domestic Royalty Revenue Hotel Operating Statistics by Brand SILVER SPRING, Md. - April 21, 2004 -- Choice Hotels International, Inc. (NYSE:CHH) today reported first quarter 2004 diluted earnings per share (EPS) of $0.30, an increase of 15% compared to first quarter 2003 diluted earnings per share of $0.26. First quarter 2004 net income was $10.6 million, which increased 9% over net income of $9.7 million reported for the first quarter 2003...
John Bell Assumes Presidency of the International Hotel & Restaurant Association / December 2003
February 28, 2004
Hotel Online Special Report Caribbean Hotel Association Seeks Collaboration with the British Government On the Importance of Caribbean Tourism; Tourism Investment Fund a Priority Meetings with the British Foreign and Commonwealth Office and the EU very productive. SAN JUAN, Puerto Rico (April 2, 2004) - Following up on the successful Caribbean tourism policy workshop hosted last November by the British Foreign and Commonwealth Office (FCO), a delegation of the Caribbean Hotel Association (CHA) has met with Member of Parliament, the Rt. Hon George Foulkes, and John Marshall Esq., Head of the Caribbean Un...
The Bane of the Cruise Industry, Gastro-intestinal Illnesses, Now a Topic with the Hotel Industry / April 2004
February 28, 2004
Hotel Online News for the Hospitality ExecutiveBy Dale K. DuPont, The Miami HeraldKnight Ridder/Tribune Business News Apr. 28, 2004 - Gastro-intestinal illnesses, the bane of the cruise industry, have struck the Las Vegas gambling district. One casino hotel received 1,660 complaints of such illnesses between December and last week, an outbreak that drew the attention of the Centers for Disease Control. The California Hotel and Casino, where guests and players became ill, was asked to sanitize dice twice per eight-hour shift and chips and coins at least weekly, said David Tonelli, spokesman for Nevada's Clark County Health District. "Th...
Contact Development Corporation and Private Residence Resorts, LLC to Develop a Landmark Resort / Residential Project on the Beach in Historic Downtow
February 28, 2004
Hotel Online Special Report Contact Development Corporation and Private Residence Resorts, LLC to Develop a Landmark Resort / Residential Project on the Beach in Historic Downtown Puerto Vallarta SAN FRANCISCO, CA April 22, 2004 Today Contact Development Corporation (CDC), headquartered in San Francisco, California, with offices in Mexico City, and Private Residence Resorts, LLC (PRR), headquartered in Sun Valley, Idaho with offices in Seattle, Washington, announced that their first development project under their recently formed "strategic alliance" will be the development of a luxury mixed-use resort/residential d...
General Manager Firing at Adam's Mark Hotel in Buffalo Gets Full Attention of NAACP / April 2004
February 28, 2004
Hotel Online News for the Hospitality ExecutiveBy Lisa Haarlander, The Buffalo News, N.Y.Knight Ridder/Tribune Business News Apr. 30, 2004 - Some community groups are not booking future events at the Adam's Mark Hotel in Buffalo, but not going as far as a boycott, to protest the firing of a black manager. The Adam's Mark ended Raynard Lawler's employment as an interim general manager earlier this year because of a difference in opinion over how the hotel should be run and performance issues, the hotel said. The National Association for the Advancement of Colored People and the Coalition for Justice and Equality believe Lawler was fir...
Concord Hospitality Intends to Renovate the Historic Buckeye Federal Savings and Loan Building in Columbus, Ohio to a 125-room Residence Inn by Marrio
February 28, 2004
Hotel Online Special Report Concord Hospitality Intends to Renovate the Historic Buckeye Federal Savings and Loan Building in Columbus, Ohio to a 125-room Residence Inn by Marriott March 29, 2004 - Mark Laport, President and CEO of Concord Hospitality, confirmed today that in partnership with Lubert Adler Real Estate Funds, the intention to convert the historic Buckeye Federal Savings and Loan building, located at 36 East Gay St., to a Residence Inn by Marriott Hotel. The Buckeye Building erected in 1927 is a classic example of limestone and granite construction. Mr. Laport commented, We are very...
February 28, 2004
Hotel Online Special Report High-Speed Internet Leader Broadband Hospitality to Provide Windy Citys The Whitehall Hotel with Wired, Wireless Solutions CHICAGO April 21, 2004 The Whitehall Hotel, Chicagos premier luxury hotel, has selected Broadband Hospitality, one of the hospitality industrys fastest growing high-speed Internet access (HSIA) providers, to install and service its high-speed Internet system. The 221-room property is owned by Hinsdale, Ill.-based WH Investment and managed by SB Yen Management Group, also based in Hinsdale. We chose Broadband Hospitality because the company has an excelle...
Sceptre Brings Personalized, Channel-Management Expertise To Urban, Boutique Market / April 2004
February 28, 2004
Hotel Online Special Report Sceptre Brings Personalized, Channel-Management Expertise To Urban, Boutique Market Boutique Hotel Management Group LLC teams with e-distribution expert for its two New York hotels: Hotel 41 and Manhattan Seaport Suites DENVER, COLO. April 13, 2004 Sceptre, a global reservations distribution and channel management/advisory services company for the vacation ownership and hotel/resort markets, has been tapped by Boutique Hotel Management Group LLC to provide e-distribution services to its Hotel 41 at Times Square and Manhattan Seaport Suites hotels. Connectivity is connecti...
The 208 room Radisson SAS Birdland Resort & Spa in Bad Bük, Hungary Opens / April 2004
February 28, 2004
Hotel Online Special Report The 208 room Radisson SAS Birdland Resort & Spa in Bad Bük, Hungary Opens Brussels, April 2004 The Radisson SAS Birdland Resort & Spa in Bad Bük, Hungary, has opened. As the first Radisson SAS Resort Hotel in Hungary, the property sets new standards in the booming thermal-springs country of Hungary, offering over 208 rooms, an 18-hole, 72-par championship golf course and a spacious 11,500 square-foot spa offering wellness and beauty treatments as well as leisure and sporting facilities. Conveniently situated just 90 minutes south of Vienna, Bad Bük is already known to many...
The Bellagio Remains Closed for Third Day; Hourly Workers to be Paid During Closure / April 2004
February 28, 2004
Hotel Online News for the Hospitality Executive The Bellagio Remains Closed for Third Day . Hourly Workers to be Paid During Closure By Rod Smith, Las Vegas Review-Journal Wednesday, April 14, 2004 - A small army of workers scurried all day and night Tuesday to get Bellagio ready for a reopening today although several government officials described any timetable to restore power and inspect the resort's electrical and safety systems as "extremely fluid." The $1.6 billion Strip megaresort remained closed and darkened for a third day despite a brief scheduled return of the lights overnight Tuesday. A still unknown event di...
