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November 4th, 2024
The Plasencia Group (TPG) Advises on the Sale of The Sheraton Brookhollow, Dallas / February 2004
January 30, 2004
Hotel Online Special Report The Plasencia Group (TPG) Advises on the Sale of The Sheraton Brookhollow, Dallas Disposition of 348-room full-service hotel further demonstrates TPGs success in generating results for its clients three properties totaling more than 900 rooms successfully marketed in the Dallas area in less than 3 months Dallas, Texas, February 23, 2004 The Plasencia Group, Inc., the leading hospitality transaction and consulting services firm representing owners of hotels, resorts, and golf courses, served as advisor to MeriStar Hospitality (NYSE:MHX) in its sale of the Sheraton Brookho...
Shenzhen Idea Industry Development Co Ltd Appoints Accor to Operate the 200-room Novotel Bauhinia Shenzhen / February 2004
January 30, 2004
Hotel Online Special Report Shenzhen Idea Industry Development Co Ltd Appoints Accor to Operate the 200-room Novotel Bauhinia Shenzhen Novotel Bauhinia Shenzhen opens in August 2004 BANGKOK, 5 February, 2004 Accor has signed a new contract to manage its second Novotel in Shenzhen, the 200-room Novotel Bauhinia Shenzhen, giving the company a commanding presence in Chinas first special economic zone. Accor Senior Vice President Asia, Mr Reggie Shiu, said that Accor continues to seek prime opportunities around the country to expand its growing hotel network. Accor is expanding very rapidly in C...
The Sea Turtle Inn, a 193-room, Independently Operated Resort in Atlantic Beach, Florida, Acquired by Ashford Hospitality Trust for $23,100,000 / Febr
January 30, 2004
Hotel Online Special Report The Sea Turtle Inn, a 193-room, Independently Operated Resort in Atlantic Beach, Florida, Acquired by Ashford Hospitality Trust for $23,100,000 DALLAS - Feb. 26, 2004 -- Transaction Highlights: Acquired at an 8.2 first year EBITDA multiple Asset enjoys strong reputation in high barrier to entry market Consistent with stated investment strategy to acquire select independents Direct hotel portfolio to increase to 17 assets totaling 2,784 rooms Ashford Hospitality Trust, Inc. (NYSE:AHT) today announced it has signed a definitive agreement to acquire the Sea Turtle Inn, a 193...
Holiday Inn San Juan Undergoing a Multi million Reconstruction, Will be Managed by Flagship Services Corporation / February 2004
January 30, 2004
Hotel Online Special Report Holiday Inn San Juan Undergoing a Multi-million Reconstruction, Will be Managed by Flagship Services Corporation February 2004 - Isla Verde, Puerto Rico - Holiday Inn San Juan is currently undergoing a multi million reconstruction and renovation. The new hotel will be managed by Flagship Services Corporation, which in conjunction with the new owners will complete its ambitious deadline to open its doors the summer of 2004. The Holiday Inn brand is a good addition to San Juans array of brands and we are confident it will provided another option to the islands growing travel ...
Worst Monthly Occupancy Rate in 10 Years; San Jose Convention Hotels Had 37% Occupancy in December, 2003 / February 2004
January 30, 2004
Hotel Online News for the Hospitality Executive Worst Monthly Occupancy Rate in 10 Years; San Jose Convention Hotels Had 37% Occupancy in December, 2003 By Steve Johnson, San Jose Mercury News, Calif. Knight Ridder/Tribune Business News Feb. 23, 2004 - It's enough to make a hotel manager weep. At a dozen major hotels that depend heavily on the San Jose McEnery Convention Center for customers, just 37 percent of their rooms -- barely more than a third -- were rented in December. Although San Jose Convention and Visitors Bureau data goes back only to 1999, that's undoubtedly the worst monthly occupancy rate at the ...
San Diego's Tourism Industry Rebounds, Grows 5.9% in 2003; Hotel Occupancy of 69.5% Third Highest Among Top 25 U.S. Destinations / February 2004
January 30, 2004
Hotel Online News for the Hospitality Executive San Diego's Tourism Industry Rebounds, Grows 5.9% in 2003; Hotel Occupancy of 69.5% Third Highest Among Top 25 U.S. Destinations By Michael Kinsman, The San Diego Union-Tribune Knight Ridder/Tribune Business News Feb. 18, 2004 - Shaking off a two-year slump, San Diego's tourism industry brought in a record $5.3 billion in revenue last year, the San Diego Convention & Visitors Bureau said yesterday. After visitor spending dropped 2.1 percent in 2001 and 1.6 percent in 2002, it rebounded to grow 5.9 percent last year, when a record 26.4 million people visited the region. ...
Group of 32 Investors Bring Historic Sacajawea Hotel Back to Life in Three Forks, Montana / February 2004
January 30, 2004
Hotel Online News for the Hospitality Executive Group of 32 Investors Bring Historic Sacajawea Hotel Back to Life in Three Forks, Montana By Erin Nicholes, The Montana Standard, Butte Knight Ridder/Tribune Business News Feb. 8, 2004 - THREE FORKS, Mont. -- This is the kind of town where, on winter Friday nights, most people can be found at the high school gym cheering on the hometown team. And after the game, regardless of who wins, the crowd usually moves to a local bar. Their newest gathering spot is the historic Sacajawea Hotel on the northern edge of town. "It's kind of the watering hole after the basketball ga...
Travelocity Outsourcing Thousands of Jobs to India; Customer Service Calls and Back-office Fulfillment to be Handled by WNS North America, Inc, a Busi
January 30, 2004
Hotel Online Special Report Travelocity Outsourcing Thousands of Jobs to India - Customer Service Calls and Back-office Fulfillment to be Handled by a Business Process Outsourcing (BPO) Company with 3000 Employees in India Form 8-K for SABRE HOLDINGS CORP Regulation FD Disclosure Item 9. Regulation FD Disclosure 11-Feb-2004 - Today Sabre Inc., the direct subsidiary of Sabre Holdings Corporation, announced a multi-year master services agreement with WNS North America, Inc. ("WNS"). Under the agreement, Travelocity.com LP ("Travelocity"), an indirect subsidiary of Sabre Holdings Corporation, will ...
SRS-WORLDHOTELS Grows Portfolio by 56 Independent Hotels in 2003; Seeks to Increase Internet Bookings by 20% in 2004 / February 2004
January 30, 2004
Hotel Online Special Report SRS-WORLDHOTELS Grows Portfolio by 56 Independent Hotels in 2003; Seeks to Increase Internet Bookings by 20% in 2004 NEW YORK (February 11, 2004) Frankfurt, Germany-based SRS-WORLDHOTELS held its 2004 Hotelier Conference at the Ria Park Hotel in the Portuguese town of Almancil, near Faro, January 31 to February 2. A record 300 delegates from over 38 countries, representing more than 75 percent of the hotel groups 450 members, gathered for the three-day conference. Under the conference theme Be Connected, SRS-WORLDHOTELS unveiled its 2003 results, as well as its goals ...
Sean Maddock Appointed Vice President and General Manager of 279-room Claremont Resort & Spa in Berkeley, CA / February 2004
January 30, 2004
Hotel Online Special Report Sean Maddock Appointed Vice President and General Manager of 279-room Claremont Resort & Spa in Berkeley, CA BERKELEY, CA - February 4, 2004 - Sean Maddock has been appointed Vice President and General Manager of the historic 279-room Claremont Resort & Spa in Berkeley, CA. In his new position, Maddock oversees all day-to-day operations. Maddock brings a wealth of experience and knowledge to this position, having worked at numerous luxury resorts and hotels internationally. Most recently he spent three years as a Hotel Manager with Shangri La Hotels and Resorts in Bangkok...
Developer William L. Shaw Planning $6 million Hotel at Southern Illinois University; The Frank Lloyd Wright Foundation an Architect / February 2004
January 30, 2004
Hotel Online News for the Hospitality Executive Developer William L. Shaw Planning $6 million Hotel at Southern Illinois University; The Frank Lloyd Wright Foundation an Architect By Brian Brueggemann, Belleville News-Democrat, Ill. Knight Ridder/Tribune Business News Feb. 19, 2004 - EDWARDSVILLE, Ill. -- Plans for a hotel and conference center at Southern Illinois University Edwardsville's University Park were revealed during a meeting Wednesday of the Madison County Board. Developer William L. Shaw of Edwardsville hopes to complete the 52-room hotel and 3,300-square-foot conference center this year, according to pla...
The Roosevelt Hotel Celebrates 80 Years As A New York City Landmark / February 2004
January 30, 2004
Hotel Online Special Report The Roosevelt Hotel Celebrates 80 Years As A New York City Landmark NEW YORK, Feb. 5, 2004 - Celebrating its 80th anniversary, The Roosevelt Hotel will pay tribute to its historical heritage with special speakeasy-style drinks at its Madison Club Lounge, swing dance lessons, 1920s movie nights, and value-added packages with some of the best deals in town. The Roosevelt and The Roaring Twenties The Roaring Twenties was a time of optimism with soaring highs -- Lindberg flights, short skirts and bobbed hair, Charleston parties at Prohibition speakeasies and a building boom of imme...
Room Yield Management Programs and Cost Measures Put in Place Following 9/11 Allow Major Vegas Hotels to Improve Cash Flow Per Room / February 2004
January 30, 2004
Hotel Online News for the Hospitality Executive Room Yield Management Programs and Cost Measures Put in Place Following 9/11 Allow Major Vegas Hotels to Improve Cash Flow Per Room By Rod Smith, Las Vegas Review-Journal Knight Ridder/Tribune Business News Feb. 26, 2004 - Despite flat room rates and tepid leisure travel demand, major Strip hotel-casinos are successfully squeezing ever-higher profits per room, a Fulcrum Global Partners report released this week said. Although revenue per room has been flat for five years, cash flow per room has increased 13.3 percent since 1999 and 15 percent since the low point follow...
The 585-room Roney Palace Hotel and Condominiums, Miami Beach Files for Bankruptcy; 11 Partners Cannot Agree On How to Pay for Renovations / February
January 30, 2004
Hotel Online News for the Hospitality Executive The 585-room Roney Palace Hotel and Condominiums, Miami Beach Files for Bankruptcy; 11 Partners Cannot Agree On How to Pay for Renovations By Ina Paiva Cordle, The Miami Herald Knight Ridder/Tribune Business News Feb. 11, 2004 - The Roney Palace hotel and condominiums had a strong 2003, but the partnership that operates it has landed in bankruptcy court. That's because the investors can't agree on how to pay for renovations for the Miami Beach oceanfront property or even on its future direction. The Roney Palace, which occupies the entire block between 23rd and 24th s...
RIU Hotels & Resorts Opens the 60 million Euros Riu Palace Las Americas in Cancun / February 2004
January 30, 2004
Hotel Online Special Report RIU Hotels & Resorts Opens the 60 million Euros Riu Palace Las Americas in Cancun February 6, 2004 - The 5-star Riu Palace Las Americas is a Deluxe All-Inclusive property that offers among other amenities six theme restaurants including a traditional Spanish Tapasrestaurant. The hotel chain RIU Hotels & Resorts (www.riu.com) opened last Friday January 30th, the Riu Palace Las Americas a high-quality property which is the companys third hotel in Cancun and its eighth in Mexico. The company has invested 60 million Euros in this 5-star hotel. This beachfront property i...
Rezidor SAS Signs Agreements for Two New Resorts in Sylt, Germany and Malta / February 2004
January 30, 2004
Hotel Online Special Report Rezidor SAS Signs Agreements for Two New Resorts in Sylt, Germany and Malta Brussels, February 2004 Rezidor SAS has signed agreements for two new resorts in Europe; the Radisson SAS Resort in Sylt, Germany, and the Radisson SAS Golden Sands Resort in Malta. Both resorts are planned to open in mid-2005. Sylt is Germanys most northernmost island and a popular seaside resort. The Radisson SAS Resort will be developed in the city of List, in the northern part of the island. All 184 rooms, including 24 junior suites and 24 suites, will have views of the North Sea. A Thalass...
January 30, 2004
Buckhiester Management USA Launches REVolution Food and Beverage Seattle, Washington (February 2004) - Buckhiester Management USA Inc., an industry leader in providing creative revenue management learning programs and tools, announced today the launch of REVolution Food & Beverage. REVolution Food & Beverage is a one of kind resource center that provides over 20 results tested, hands-on decision support tools, standard operating procedures, interactive workshops and coaching sessions for hotel Food & Beverage Management teams. REVolution promotes sound strategic and tactical decision making through incremental skill gro...
Interstate Hotels & Resorts Selected to Manage 548-Room Renaissance Hotel in Las Vegas and The Pantages Suites Hotel & Spa in Toronto / February 2004
January 30, 2004
Hotel Online Special Report Interstate Hotels & Resorts Selected to Manage 548-Room Renaissance Hotel in Las Vegas and The Pantages Suites Hotel & Spa in Toronto Company Sees Additional Management Opportunities as Hotels Change Ownership -- ARLINGTON, Va., February 2, 2004 Interstate Hotels & Resorts (NYSE: IHR), the nations largest independent hotel management company, today announced that the company has been named to manage hotels currently under construction, in Las Vegas, Nevada, and Toronto, Canada. The 548-room Renaissance Hotel Las Vegas, owned by Jackson-Shaw Company, is expected to op...
How Business Travelers Risk Exposing Their Companies When Remotely Accessing Company Networks; In-room Hotel Access Among Risks / February 2004
January 30, 2004
Hotel Online Special Report How Business Travelers Risk Exposing Their Companies When Remotely Accessing Company Networks; In-room Hotel Access Among Risks by Rodney Thayer, February 2004 Introduction In this study we examine the risk of unauthorized access to corporate networks due to password theft and related network security incidents that can occur when a business user is traveling and using the Internet from public access points. We constructed a scenario described to represent a typical business user traveling to a conference.In this scenario we examine several situations where the traveler uses the Internet...
Regent International Hotels Signs Agreement to Operate the USD $60.5 million Regent Ningbo to Open 2005 in China / February 2004
January 30, 2004
Hotel Online Special Report Regent International Hotels Signs Agreement to Operate the USD $60.5 million Regent Ningbo to Open 2005 in China NINGBO, People's Republic of China - February 17, 2004 - Regent International Hotels today announced plans to build a new luxury hotel at Ningbo in the Yangtze River Delta. The Regent Ningbo will be the first international luxury hotel in this fast growing area of east China, 160kms (100 mi.) south of Shanghai. Regent International Hotels is part of Minneapolis-based Carlson Hotels Worldwide. Scheduled to open in October 2005, the hotel will be managed by Carlson Hotels ...
Hospitality Investors Group Acquires the 800 room Regal Constellation Hotel at Toronto Airport; Planning Repositioning and Renovation / February 2004
January 30, 2004
Hotel Online Special Report Hospitality Investors Group Acquires the 800 room Regal Constellation Hotel at Toronto Airport; Planning Repositioning and Renovation Scottsdale Arizona (February 2, 2004) - Hospitality Investors Group (HIG), a private equity group focusing on investment and development of hospitality lodging, announced its acquisition, planned repositioning and renovation of the 800 plus room Regal Constellation Hotel at Toronto Airport. Alongside HIG, the acquiring consortium includes a group of private investors including Steve Stavros, a prominent Canadian entrepreneur. Financing for th...
Resorts Ratings Redux / Harry Nobles & Cheryl Thompson Griggs / February 2004
January 30, 2004
Hotel Online Special Report Resorts Ratings Redux E-mail: info@optimumrating.com Harry Nobles & Cheryl Thompson Griggs, February 2004 In November 2000 we published an article entitled Does AAA Rate Resorts Fairly? In that article we addressed the need for consistency and uniformity in regard to the AAA Diamond rating criteria used for resorts compared to urban properties. We suggested in that article that criteria and standards should be uniformly applied to all properties. We also acknowledged some judicious discretion by inspectors, but always within the overall context of the AAA Diamond ...
Robert Peel, Ousted as Chief Executive of Thistle Hotel Group Eight Years Ago, Bounces Back with Another Hotel Business / February 2004
January 30, 2004
Hotel Online News for the Hospitality Executive Robert Peel, Ousted as Chief Executive of Thistle Hotel Group Eight Years Ago, Bounces Back with Another Hotel Business Financial Mail on Sunday, London Knight Ridder/Tribune Business News Feb. 22, 2004 - The best part of eight years has passed since Robert Peel lost the love of his life when he was ousted as chief executive of Britain s second-largest hotel group, Thistle, in a torrent of publicity. Peel never married, but the hotels group was my wife and kids he says now. Despite the pain of the break-up, Peel not only survived, but bounced back with another, admitted...
Ronald M. Gebhardt Named Director of Sales and Marketing at The Melrose Hotel, Dallas / February 2004
January 30, 2004
Hotel Online Special Report Ronald M. Gebhardt Named Director of Sales and Marketing at The Melrose Hotel, Dallas DALLAS, TX - (February 25, 2004) - Barry Caplan, Vice President of Sales for The Melrose Hotel Company, announced today that Ronald M. Gebhardt has been named Director of Sales and Marketing at The Melrose Hotel, Dallas. In this position, Gebhardt will be responsible for overseeing all sales and marketing activities for the hotel, The Landmark Restaurant and The Library Bar. "Ron's career has taken him to a variety of unique properties and regions," said Caplan. "His extensive experience and proven track r...
