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Hong Kong Hotel Occupancy for First Eleven Months of 2003 was 68%, Compared with 84% for the Same Period in 2002; Mainland China Visitors a Key to Rec
January 30, 2004
Hotel Online Special Report Hong Kong Hotel Occupancy for First Eleven Months of 2003 was 68%, Compared with 84% for the Same Period in 2002; Mainland China Visitors a Key to Recovery HONG KONG, Jan. 16, 2004 - Hong Kong welcomed over 1.79 million visitor arrivals in December 2003, a growth of 7.4% on the December 2002 figure, the Hong Kong Tourism Board (HKTB) announced today. This surpasses by nearly 100,000 the previous record for a single month of 1.695 million, set just two months earlier in October 2003. The December record follows another strong performance in November (for full details, see App...
Hilton Reports Solid Occupancy Levels for 4th Quarter; For the Full Year 2003 Net Income Down 17% to $164 million from $198 million a Year Earlier / H
January 30, 2004
Hotel Online Special Report Hilton Reports Solid Occupancy Levels for 4th Quarter; For the Full Year 2003 Net Income Down 17% to $164 million from $198 million a Year Earlier Hotel Operating Statistics BEVERLY HILLS, Calif. - Jan. 26, 2004 -- Hilton Hotels Corporation (NYSE:HLT): Quarter benefits from solid occupancies, moderately improved room rates Management/franchise fees, timeshare strong in quarter Margins still impacted by increases in healthcare costs, property taxes Hilton Hotels Corporation today reported financial results for the fourth quarter and fiscal year ended De...
Hilton Garden Inn(R) Completes Installation of Complimentary High Speed Internet Access at all 180+ Hotels / January 2004...
January 30, 2004
Hotel Online Special Report Hilton Garden Inn(R) Completes Installation of Complimentary High Speed Internet Access at all 180+ Hotels BEVERLY HILLS, Calif. - JAN 13,2004 - Hilton Garden Inn(R) today proudly announced that all 24,852 hotel guestrooms in more than 180+ hotels throughout the U.S., Canada and Mexico now offer complimentary high speed Internet access to guests. Business and leisure travelers can be assured of the availability of this service in addition to the complimentary PrinterOn (upon the date of this announcement 170 Hilton Garden Inn locations offer the complimentary PrinterOn remote guest...
Highland Hospitality Acquires the 158-room Hilton Garden Inn BWI Airport for $21.9 million / January 2004...
January 30, 2004
Hotel Online Special Report Highland Hospitality Acquires the 158-room Hilton Garden Inn BWI Airport for $21.9 million MCLEAN, VA, January 13, 2003 Highland Hospitality Corporation (NYSE:HIH) announced today that it has acquired the 158-room Hilton Garden Inn BWI Airport hotel for a purchase price of $21.9 million, plus customary closing adjustments. Highland purchased the asset from LTD Management Company, a private hospitality firm based in Chesapeake, Virginia. Crestline Hotels & Resorts, Inc., a leading hotel management company, will Hilton Garden Inn BWI Airport 1516 Aero Drive Li...
James Funderburk Developing First Boutique Hotel In Charlotte; To Be Named Hautel – a French Reference to High Fashion — Pronounced Hotel
January 30, 2004
Hotel Online News for the Hospitality Executive James Funderburk Developing First Boutique Hotel In Charlotte; To Be Named Hautel - a French Reference to High Fashion -- Pronounced "Hotel" . The Charlotte Observer, N.C., Doug Smith Column By Doug Smith, The Charlotte Observer, N.C. Knight Ridder/Tribune Business News Jan. 25, 2004 - Trend-setting entrepreneur James Funderburk wants to open the first "boutique" hotel in Charlotte by late this year. His company is working to acquire the 42-year-old Center City Inn at 319 W. Trade St. and invest $7 million to $8 million in restoring it as the ultra-chic Hautel. B...
Owned by Olympus Real Estate Corp and Managed by Dolce International, the 271-room Hastings Hotel and Conference Center in Hartford Closes Abruptly /
January 30, 2004
Hotel Online News for the Hospitality Executive Owned by Olympus Real Estate Corp and Managed by Dolce International, the 271-room Hastings Hotel and Conference Center in Hartford Closes Abruptly The Hartford Courant, Conn. Knight Ridder/Tribune Business News Dec. 31, 2003 - The Hastings Hotel and Conference Center in Hartford, where Bill Clinton stayed during the 1996 presidential debate, closed abruptly Tuesday, stunning guests, hotel workers and tenants. Business tenants and guests were given just a few hours to pack up their belongings, as the owners moved to file for Chapter 7 bankruptcy protection because of "c...
Boyd Gaming to Acquire Harrah's Shreveport, a 514-room Hotel and Casino, for $190 million / January 2004...
January 30, 2004
Hotel Online Special Report Boyd Gaming to Acquire Harrah's Shreveport, a 514-room Hotel and Casino, for $190 million LAS VEGAS, Jan. 20, 2004 - Harrah's Entertainment, Inc. (NYSE: HET) and Boyd Gaming Corporation (NYSE: BYD) jointly announced today they have signed a definitive agreement for Harrah's to sell its Shreveport hotel-casino to Boyd Gaming for $190 million, subject to regulatory approval. In its September 11, 2003, announcement of an agreement to acquire Horseshoe Gaming Holding Corp., Harrah's said it would sell Harrah's Shreveport to avoid overexposure in that market. Horseshoe Gaming op...
Harrah's Entertainment Reaches an Agreement in Principle to Acquire Binion's Horseshoe; Two Strong Assets – the Horseshoe Brand and th
January 30, 2004
Hotel Online News for the Hospitality Executive Harrah's Entertainment Reaches an Agreement in Principle to Acquire Binion's Horseshoe; Two Strong Assets - the Horseshoe Brand and the World Series of Poker By Jeff Simpson, Las Vegas Review-Journal Knight Ridder/Tribune Business News Jan. 13, 2004 - It's Harrah's Entertainment to the rescue. Three days after federal marshals closed the 52-year-old Binion's Horseshoe and seized more than a million dollars to help settle its debts, Harrah's on Monday evening announced a deal to buy the hotel-casino from owner Becky Binion Behnen. The purchase is expected to result in...
Hampton Studies Guest Touchpoints; Results in New Product Standards and Technology to be Rolled Out Immediately in the 1,250-hotel Hampton System / Ja
January 30, 2004
Hotel Online Special Report Hampton Studies Guest Touchpoints; Results in New Product Standards and Technology to be Rolled Out Immediately in the 1,250-hotel Hampton System 60-Plus New Features, Services to be Added to All Hampton Hotels 2004-2005 MEMPHIS, Tenn., January 28, 2004 In the single largest and fastest transformation ever undertaken by a hotel brand to dramatically enhance the guest experience at each of its hotels, Hampton, a leading mid-priced hotel brand, today unveiled more than 60 new products and service standards in a program called Make It Hampton. With new products and services r...
25 Most Extraordinary Sales and Marketing Minds in Hospitality and Travel; HSMAI / January 2004...
January 30, 2004
Hotel Online Special Report 25 Most Extraordinary Sales and Marketing Minds in Hospitality and Travel; HSMAI Senior Execs Vote to Determine Hot List MCLEAN, VA (Jan. 12, 2004) Who are the most extraordinary sales and marketing minds in hospitality and travel today? The Hospitality Sales & Marketing Association International (HSMAI) polled senior executives throughout the marketplace to identify the Hot List of Top 25. There is an amazing amount of creativity, intelligence and passion in our profession, which all too often goes unrecognized, states Robert A. Gilbert, CHME, CHA, presiden...
HSMAI Hotel Internet Marketing Strategy Conference Report; Keyword Bidding, Pop Ups, Pop Unders, Domain Name Piracy / January 2004...
January 30, 2004
Hotel Online Special Report HSMAI Hotel Internet Marketing Strategy Conference Report; Keyword Bidding, Pop Ups, Pop Unders, Domain Name Piracy Featured Keynotes from Branding and Legal Experts; Executives at Leading Hospitality Companies, Intermediaries and Search Engines as Panelists MCLEAN, VA (Jan. 19, 2004) The first-ever Hospitality Sales & Marketing Association International (HSMAI) Hotel Internet Marketing Strategy Conference held recently in Miami exceeded expectations in its objective to deliver an intensive, information-rich program of the important and timely issues impacting hotel Intern...
HPT Completes Purchase of 12 Candlewood Hotels for $90 Million and a New Management Agreement with InterContinental Hotels Group / January 2004...
January 30, 2004
Hotel Online Special Report HPT Completes Purchase of 12 Candlewood Hotels for $90 Million and a New Management Agreement with InterContinental Hotels Group NEWTON, Mass. - Dec. 31, 2003 -- Hospitality Properties Trust (NYSE: HPT) today completed several agreements which were previously announced including the acquisition of 12 Candlewood hotels for $90 million and a new management agreement with InterContinental Hotels Group (LSE/NYSE: IHG) for operation of all Candlewood hotels owned by HPT. Upon closing these agreements today, HPT now owns 76 Candlewood hotels which are now operated by IHG as Candlewoo...
Hans Mulders Appointed General Manager of the 254-room Ocean Place Resort & Spa / January 2004...
January 30, 2004
Hotel Online Special Report Hans Mulders Appointed General Manager of the 254-room Ocean Place Resort & Spa LONG BRANCH, NJ . .January 12, 2004 . . . Hans Mulders has been appointed General Manager of the 254-room Ocean Place Resort & Spa according to Greg Champion, president and chief operating officer of Tiburon Hospitality Management. Mulders brings more than 20 years of hospitality and culinary experience to his position at Ocean Place and will be responsible for leading a staff of 265 associates and overseeing the resorts marketing, sales and operations efforts, including its newly renovated spa. Hans ex...
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January 30, 2004
Hotel Information Systems to Seamlessly Connect Expedia Directly to its epitome Enterprise and Property Management Systems Independent Hoteliers to Benefit from Expedias Low-Cost Operating Environment Lake Forest, CA. (January 22, 2004)... Hotel Information Systems (HIS), a division of MAI Systems Corporation (OTCBB: MAIY.OB), announced an agreement to implement a direct connection between Expedia, Inc. and HIS epitome Enterprise and Property Management Systems. The direct connection between Expedia® and the epitome Enterprise and Property Management Systems will enable true seamless connectivity between Expedia.com® ...
Building Up Instead of Out, Minimalist Lobby, Room Refrigerators All Part of Holiday Inn's New Prototype / January 2003...
January 30, 2004
Hotel Online News for the Hospitality Executive Building Up Instead of Out, Minimalist Lobby, Room Refrigerators All Part of Holiday Inn's New Prototype By Leon Stafford, The Atlanta Journal-Constitution Knight Ridder/Tribune Business News Jan. 27, 2004 - Holiday Inn, the iconic hotel chain synonymous with cross-country trips in the family station wagon, is getting a makeover to update its image for the SUV generation. Gone are the Formica counters in bathrooms, gold sconce lighting, and cheesy pictures of country gardens and evening sunsets. At the Atlanta-based company's new prototype at Gwinnett Center, the lamp...
Highland Hospitality Corporation Acquires the 351-room Hyatt Regency Savannah for $50.0 million / January 2004...
January 30, 2004
Hotel Online Special Report Highland Hospitality Corporation Acquires the 351-room Hyatt Regency Savannah for $50.0 million MCLEAN, Va., Jan. 2, 2004 - Highland Hospitality Corporation (NYSE: HIH) announced today that it has acquired the 351-room Hyatt Regency Savannah hotel for a purchase price of $50.0 million. Highland's investment will equate to approximately $142,500 per room. The hotel will continue to be managed by Hyatt Hotels. James L. Francis, President and CEO stated, "The Hyatt Regency Savannah is the fifth property we have acquired since Hyatt Regency Savannah 2 W. Bay Street Savannah...
Highland Hospitality Corporation Acquires the 238-room Hilton Tampa Westshore for $29.5 million; Approximately $124,000 per room / January 2004...
January 30, 2004
Hotel Online Special Report Highland Hospitality Corporation Acquires the 238-room Hilton Tampa Westshore for $29.5 million; Approximately $124,000 per room MCLEAN, VA, January 9, 2003 Highland Hospitality Corporation (NYSE:HIH) announced today that it has acquired the 238-room Hilton Tampa Westshore hotel for a purchase price of $29.5 million, plus customary closing adjustments. Highlands net investment will equate to approximately $124,000 per room. Highland purchased the asset from RLJ Development, LLC, and will assume a $17.0 million mortgage loan on the asset as part of the total considera...
Traditional Breakfast Making a Comeback; Holiday Inn Hotels Adds Low-Carb Egg and Bacon Breakfast Items In More Than 1,000 Properties Nationwide / Jan
January 30, 2004
Hotel Online Special Report Traditional Breakfast Making a Comeback; Holiday Inn Hotels Adds Low-Carb Egg and Bacon Breakfast Items In More Than 1,000 Properties Nationwide January 7, 2004 - Beginning January 12, 2004, Holiday Inn(R) Hotels and Resorts will introduce two new offerings, called Low-Carb Inspirations(TM), to its award-winning "Best-4-Breakfast" menu. With an estimated one out of every four Americans participating in a low-carbohydrate diet, Holiday Inn is providing these travelers with an option to take advantage of the brand's famous service and menu without altering their diet or sacrificin...
HEI Hospitality/Greenfield Partners/GIC to Acquire Five Marriott Hotels from Host Marriott for $70 million / January 2004...
January 30, 2004
Hotel Online Special Report HEI Hospitality/Greenfield Partners/GIC to Acquire Five Marriott Hotels from Host Marriott for $70 million Partnership to Invest $21.6 Million in Renovations Over Next Three Years NORWALK, Conn., January 29, 2004 HEI Hospitality, a privately held hotel ownership and management group, today announced that it had agreed to acquire in a joint venture with an investment fund managed by Greenfield Partners, LLC, a privately owned real estate investment management firm, and GIC Real Estate, a global real estate investment management company, five Marriott hotels from Host Marriott Corp. ...
HEI to Increase Hotel Investments to More Than $1 Billion...
January 30, 2004
Hotel Online News for the Hospitality Executive NORWALK, Conn., January 16, 2004-HEI Hospitality, a rapidly growing hotel ownership and operating company, today announced that Clark W. Hanrattie, a veteran in hotel investments, will join the company as senior vice president and chief investment officer. In his new position, he will be responsible for sourcing and negotiating new investment opportunities, as well as supporting the company in the areas of asset management, capital markets and investor relations. In addition, he will bec...
Barceló Joint Venture to Sell 18 – Hotel U.S. Portfolio / January 2004...
January 30, 2004
Hotel Online Special Report Barceló Joint Venture to Sell 18 - Hotel U.S. Portfolio NEW YORK, January 8, 2004 Grubarges Inversión Hotelera, S.L., a Madrid-based joint venture between Grucycsa, a division of FCC (www.fcc.es), one of Spains largest construction companies; Barceló (www.barcelo.com), an international travel and hotel company headquartered in Palma de Mallorca, Spain; and BBVA (www.bbva.es), Spains second largest bank, today announced that it will sell its portfolio of 18 U.S. hotels as it winds down its five-year joint venture. In addition, Grubarges said it plans to sell six hotel...
HSMAI to Honor Marilyn Carlson Nelson with the Grice Award and Stanley C. Plog, Ph.D. with the Koehl Award / January 2004...
January 30, 2004
Hotel Online Special Report HSMAI to Honor Marilyn Carlson Nelson with the Grice Award and Stanley C. Plog, Ph.D. with the Koehl Award MCLEAN, VA (Jan. 6, 2004) Recognizing individuals who have made significant contributions and lasting impressions on the hospitality and travel industry, the Hospitality Sales & Marketing Association International (HSMAI) announces the recipients for its annual Winthrop W. Grice Award for public relations and the Albert E. Koehl Award for advertising and marketing excellence. The 2003 recipients of these lifetime achievement honors, who will be acknowledged at the Annual...
The Comfort Inn Fire that Killed Six People Sparks Talk of Increasing Safety Measures at Hotels / January 2004...
January 30, 2004
Hotel Online News for the Hospitality Executive The Comfort Inn Fire that Killed Six People Sparks Talk of Increasing Safety Measures at Hotels By Dawn Bryant, The Sun News, Myrtle Beach, S.C. Knight Ridder/Tribune Business News Jan. 27, 2004 - Some Grand Strand hoteliers double-checked their safety measures and local fire officials pressed for stricter sprinkler laws Monday, a day after a fatal fire at a Greenville motel. The early-morning fire at the Comfort Inn on Sunday that killed six people already has sparked talk of increasing safety measures at hotels. Myrtle Beach went beyond state rules when it started in...
Difficult but Necessary; The 803 room Greenbrier Resort Now Off-Limits to All but Registered Guests and Club Members / January 2004...
January 30, 2004
Hotel Online News for the Hospitality Executive Difficult but Necessary; The 803 room Greenbrier Resort Now Off-Limits to All but Registered Guests and Club Members By Tom Searls, The Charleston Gazette, W.Va. Knight Ridder/Tribune Business News Jan. 6, 2004 - The days of casually walking into The Greenbrier, perhaps having afternoon tea or lunch, are over, officials at the White Sulphur Springs resort confirmed Monday. With some exceptions, the hotel is now off-limits to all but registered guests and club members and their guests, said resort spokeswoman Lynn Swann. Swann said the decision was made "for the prote...
