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November 4th, 2024
Jumeirah International Hotels Complete Installation of IDeaS Revenue Optimization Solutions / April 2003
February 28, 2003
Hotel Online Special Report Jumeirah International Hotels Complete Installation of IDeaS Revenue Optimization Solutions MINNEAPOLIS, April 9, 2003 IDeaS, Inc., a leading provider of revenue optimization solutions and one of Americas fastest growing technology companies announced today that Dubai-based luxury hospitality group Jumeirah International has completed a roll out of IDeaS Revenue Optimization Solutions in several of its hotels. For Jumeirah International it is important that the individual characteristics of our hotels, some of the finest deluxe hotels in the world, are supported by a technology that g...
Hanover International Hotels & Clubs Installs IDeaS Centralized Revenue Optimization Solution / April 2003
February 28, 2003
Hotel Online Special Report Hanover International Hotels & Clubs Installs IDeaS Centralized Revenue Optimization Solution MINNEAPOLIS, April 3, 2003 IDeaS, a leading provider of revenue optimization solutions and one of Americas fastest growing technology companies, announced today that Hanover Hotels International has completed the centralized deployment of IDeaS Revenue Optimization Solution for 15 properties, accounting for more than 1,750 guestrooms. Peter Eyles, Executive Chairman of Hanover comments, We have an outstanding reputation in the UK for the management and quality of our Hanover Hotels & Clubs. I...
Black Hawk Casino Pays Hyatt Gaming $18.3 Million to End 20-year Management Agreement / April 2003
February 28, 2003
Hotel Online News for the Hospitality Executive Black Hawk Casino Pays Hyatt Gaming $18.3 Million to End 20-year Management Agreement By Tom McGhee, The Denver Post Knight Ridder/Tribune Business News Apr. 11, 2003 - The owner of Black Hawk Casino, which is in bankruptcy reorganization, has agreed to pay Hyatt Gaming Management $18.3 million -- including a $5 million rejection fee -- to end its management of the gambling resort. Casino owner Windsor Woodmont has blamed Hyatt for its dramatic slide into bankruptcy and wants to void Hyatt's 20-year management agreement. The court must approve the deal that would sever ...
Hotels.com Accepts $1.1 billion Stock Buyout USA Interactive / April 2003
February 28, 2003
Hotel Online News for the Hospitality Executive Hotels.com Accepts $1.1 billion Stock Buyout USA Interactive By Crayton Harrison, The Dallas Morning News Knight Ridder/Tribune Business News Apr. 11, 2003 - Hotels.com became part of an e-commerce empire when it accepted a $1.1 billion stock buyout bid Thursday from the Dallas-based company's parent, USA Interactive. New York-based USA Interactive, led by Internet titan Barry Diller, has spent the last year building an online conglomerate by purchasing the remaining shares of its publicly held units, including another popular travel site, Expedia Inc., and Ticketmaster...
Hoteliers Worry as War, Economy Hit Bookings; A Weak Tourism Industry Threatens to Get Weaker / Sandi Cain / April 2003
February 28, 2003
Hotel Online Special Report Hoteliers Worry as War, Economy Hit Bookings; A Weak Tourism Industry Threatens to Get Weaker By Sandi Cain April 2003 Stung by lingering effects of the terrorist attacks and a weak economy, Orange County's tourism industry had hoped 2003 would be a turnaround year. Those hopes seem to be eroding along with the prospect of a quick war in Iraq. Though spring break has just begun and vacation season is on the horizon, war effects are being felt at the county's hotels and visitor attractions, where short-term booking has become the norm. And the corporate outlook isn't any better. "I'm lookin...
Chronology of a Hotel Failure / K.C. McDaniel & William Bosch /April 2003
February 28, 2003
Hotel Online Special Report Chronology of a Hotel Failure by K.C. McDaniel & William Bosch Katten Muchin Zavis Rosenman Hotel and Hospitality Practice Updated, February 2003 As the hotel industry proceeds into the first quarter of 2002, we continue to witness the cycle of hotel distress and restructuring that began last year. The process of de-flagging and rebranding a hotel before or after restructuring is a core aspect of this cycle. In the first quarter, we have seen the first attempt to reject a major brand management agreement in a bankruptcy proceeding in this case, the Ritz-Carlton agreements relating t...
Hotwire.com Unwraps Discount Vacation Packages / April 2003
February 28, 2003
Hotel Online Special Report Hotwire.com Unwraps Discount Vacation Packages -- Customers know exact hotel, save even more money on the entire trip San Francisco, Calif. April 14, 2003 Discount travel site Hotwire.com today announced the launch of its first-ever package product, allowing customers to customize a discount vacation with consistently lower prices. Hotwire vacation packages are available in combinations of air with hotel and car, air plus hotel, or hotel plus car. Additionally, for the first time, Hotwire customers searching for a package can now know the exact hotel where they will stay, as wel...
The Hongkong and Shanghai Hotels, Limited Posts Profit of HK$308 million as Compared to HK$33 million in 2001; Peninsula Hong Kong and The Peninsula
February 28, 2003
Hotel Online Special Report The Hongkong and Shanghai Hotels, Limited Posts Profit of HK$308 million as Compared to HK$33 million in 2001; Peninsula Hong Kong and The Peninsula Bangkok Contributed Strongly Hotel Statistics for the Year 2002 February 27, 2003 The Hongkong and Shanghai Hotels, Limited Annual Results for the Year Ended 31 December, 2002 FINANCIAL HIGHLIGHTS Revenue from hotel operations up 14% to HK$1,941 million Group operating profit of HK$637 million, an increase of 9% over 2001 Profit attributable to shareholders increased to HK$308 million, compared to HK$33 million in the...
Randy Kaer Renovating a Former Westmark Hotel In Anchorage, Alaska; Will be Howard Johnson Franchise / April 2003
February 28, 2003
Hotel Online News for the Hospitality Executive Randy Kaer Renovating a Former Westmark Hotel In Anchorage, Alaska; Will be Howard Johnson Franchise By Sarana Schell, Anchorage Daily News, Alaska Knight Ridder/Tribune Business News Apr. 22, 2003 - Anchorage is getting a 90-room Howard Johnson Inn this summer. Last July, local general contractor Randy Kaer said, he arranged to buy a hotel that was once part of the mighty Holland America/Westmark chain. He turned the property at Third Avenue and A Street into the Yukon Vista Hotel as a temporary measure while seeking a national brand. His company, Kaercraft, then beg...
Nine Hotels Added to National Trust Historic Hotels of America / April 2003
February 28, 2003
Hotel Online Special Report Nine Hotels Added to National Trust Historic Hotels of America WASHINGTON, D.C., April 1, 2003 -- The National Trust for Historic Preservation announces the addition of nine members to its prestigious program, National Trust Historic Hotels of America®. This selection brings the total membership in the program to 200 hotels. The hotels are located in 43 states, the District of Columbia, Puerto Rico and Canada. "Historic Hotels of America allows people to travel in the footsteps of history," said Thierry Roch, executive director of National Trust Historic Hotels of America. "Our newest...
Hilton Hotels Corporation Initiates Electronic and Online Distribution Strategy; Rate Integrity a Cornerstone of Brand Integrity / April 2003
February 28, 2003
Hotel Online Special Report Hilton Hotels Corporation Initiates Electronic and Online Distribution Strategy; Rate Integrity a Cornerstone of Brand Integrity BEVERLY HILLS, Calif., April 14, 2003 Hilton Hotels Corporation (NYSE:HLT) today announced an integrated strategy related to electronic and online distribution for the companys more than 2,000 hotel properties across North America: The strategy incorporates the following four components: 1. Price Integrity With an eye toward ensuring that its customers have confidence in its pricing, a new set of brand standards are being developed for all hotel pr...
Hampton® Opens 10 Hotels in March 2003, Representing 1,012 New Rooms / April 2003
February 28, 2003
Hotel Online Special Report Hampton® Opens 10 Hotels in March 2003, Representing 1,012 New Rooms MEMPHIS, Tenn., April 4, 2003 Hampton, the national brand of more than 1,200 mid-priced Hampton Inn® and Hampton Inn & Suites® hotels, today announced that it opened 10 Hampton hotels in March 2003, representing 1,012 new rooms. Included are the openings of the brands 12th and 13th properties in Canada-- its second in Toronto and fourth in British Columbia. The openings include six Hampton Inn hotels and four Hampton Inn & Suites hotels, bringing the brands total number of hotels to 1,222 hotels in the Hamp...
Hospitality Properties Trust Removes Wyndham Management from 15 Summerfield Hotels; Appoints Candlewood Hotel Company As Manager / April 2003
February 28, 2003
Hotel Online Special Report Hospitality Properties Trust Removes Management from 15 Summerfield Hotels; Appoints Candlewood Hotel Company As Manager Newton, MA (April 28, 2003): Hospitality Properties Trust (NYSE: HPT) today announced that it has terminated Wyndham Internationals (AMEX: WBR) occupancy and operations of 15 Summerfield hotels and that it is negotiating with WBR and other parties concerning the operations of an additional 12 Wyndham hotels. HPT has two leases with WBR subsidiaries: one lease includes 15 Summerfield by Wyndham hotels located in eight states; the second lease includes ...
Starwood Reports Loss of $117 million Compared with a profit of $32 million for Last Year 1st Qtr/ Hotel Operating Statistics / April 2003
February 28, 2003
Hotel Online Special Report Starwood Reports Loss of $117 million Compared with a Profit of $32 million for Last Year 1st Qtr Hotel Operating Statistics WHITE PLAINS, N.Y.- April 29, 2003 -- Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) ("Starwood" or the "Company") today reported results for the first quarter of 2003. First Quarter 2003 Financial Highlights EPS was a loss of $0.58, compared to income of $0.16 in 2002. EPS excluding special items, primarily related to a $104 million (after tax) impairment charge associated with the expected sale of an 18-hotel portfolio in North America, including several...
Health Concerns in Hong Kong and the Asian Region Attributable to the SARS Virus Forces HOFEX 2003 to Move Dates Foward to July 15-18, 2003 / April 2
February 28, 2003
Hotel Online Special Report Health Concerns in Hong Kong and the Asian Region Attributable to the SARS Virus Forces HOFEX 2003 to Move Dates Foward to July 15-18, 2003 April 4, 2003 - HOFEX 2003, the 10th Asian International Exhibition of Hospitality Equipment, Supplies and Technology, Food and Drink, has been re-scheduled to run from 15th - 18th July 2003 at the Hong Kong Convention and Exhibition Centre, instead of the previously published dates of 6th - 9th May. This decision was made in response to the serious health concerns in Hong Kong and the Asian region, attributable to the SARS pneumonia virus, and...
Host Marriott Reports Loss of $43 million Compared with Loss of $8 million in Year-ago 1st Quarter; Forecasts a Loss for the Full Year / Hotel Operati
February 28, 2003
Hotel Online Special Report Host Marriott Reports Loss of $43 million Compared with Loss of $8 million in Year-ago 1st Quarter; Forecasts a Loss for the Full Year Hotel Operational Data BETHESDA, Md., April 30, 2003 - Host Marriott Corporation (NYSE: HMT), the nation's largest lodging real estate investment trust (REIT), today announced results of operations for the first quarter of 2003. The first quarter results reflect the difficult operating environment due to the war in Iraq and a generally weak economy that has resulted in reduced group and business travel. First quarter results include the foll...
Convention & Expo Summit Re-scheduled to Run August 29-31, 2003 in Hong Kong / April 2003
February 28, 2003
Hotel Online Special Report Convention & Expo Summit Re-scheduled to Run August 29-31, 2003 in Hong Kong April 11, 2003 - The Convention & Expo Summit has now been re-scheduled to run from 29-31 August 2003 at the InterContinental Grand Stanford Hong Kong, instead of the previously published dates of 27- 29 May 2003. This decision has been made after considerable consultation with currently confirmed presenters, delegates, keynote speakers and panelists in response to the continuing global concerns relating to SARS. In your decision-making to attend our C&E Summit in August please consider the following: ...
JHM Hotels Reflags The Radisson Executive Park Atlanta to Holiday Inn Following $3.5 million Renovation / April 2003
February 28, 2003
Hotel Online Special Report JHM Hotels Reflags The Radisson Executive Park Atlanta to Holiday Inn Following $3.5 million Renovation Addition Brings Atlanta Area Holiday Inn Hotels to Sixteen ATLANTA (Mar. 31, 2003) - Holiday Inn* Hotels and Resorts, "America's Hotel," announced today that the new 208-room Holiday Inn-Atlanta-North Druid Hills recently opened, representing another addition to the mid-scale brand's portfolio of full-service hotels. The newly renovated Holiday Inn hotel is owned and managed by JHM Hotels, under a license agreement with an affiliate of Six Continents Hotels, Inc. "We inv...
HITEC 2003 Pre-Registration Up More Than 8 Percent; Set for New Orleans June 24 – 26, 2003 / April 2003
February 28, 2003
Hotel Online Special Report HITEC 2003 Pre-Registration Up More Than 8 Percent; Set for New Orleans June 24 26, 2003 AUSTIN, TEXAS; April 21, 2003 - The attendance for the Hospitality Industry Technology Exposition and Conference (HITEC®) is up more than 8 percent over last year's numbers as of April 15, 2003. The technology show, produced by Hospitality Financial and Technology Professionals (HFTP®), features companies displaying the latest technology products and services geared to the hospitality industry. The event also features an exceptional educational conference with experts from all segments ...
New Hosting Deal with Sprint Positions Hotel Booking Solutions for Technological Growth / April 2003
February 28, 2003
Hotel Online Special Report New Hosting Deal with Sprint Positions Hotel Booking Solutions for Technological Growth 0 Tier 1 IP backbone with 100% availability service level agreement will help hotels manage rates and reservations more efficiently OVERLAND PARK, Kan. April 18, 2003 Sprint (NYSE: FON, PCS) announced today that Hotel Booking Solutions, L.L.C (HBS) a fast-growing, global hotel booking software company will host its critical applications and channel management infrastructure in the Sprint E|Solutions Center in Dallas. Through the agreement with Sprint, HBS will receive the support and uptime g...
The Grand Traverse Band of Ottawa and Chippewa Indians Commence $1.5 million in Capital Expenditures Following Acquisition of Grand Traverse Resort /
February 28, 2003
Hotel Online Special Report The Grand Traverse Band of Ottawa and Chippewa Indians Commence $1.5 million in Capital Expenditures Following Acquisition of Grand Traverse Resort PESHAWBESTOWN, Mich., March 31, 2003 The Grand Traverse Band of Ottawa and Chippewa Indians today announced the purchase of Grand Traverse Resort and Spa from KSL Recreation, Inc. Representatives from both entities signed closing papers today that completed the transaction. The purchase price was not disclosed. A series of facility improvements will begin at the Resort immediately, including new health club equipment, Tower suite renov...
The Grove Park Inn Resort & Spa Completing $18 million Renovation of 510 Guest Rooms / April 2003
February 28, 2003
Hotel Online Special Report The Grove Park Inn Resort & Spa Completing $18 million Renovation of 510 Guest Rooms ASHEVILLE, N.C. (April 2003) Upon the renovation of 125 guest rooms in The Grove Park Inn Resort & Spas Vanderbilt Wing, the resort will have completed an ambitious project to update and upgrade all of its guest rooms. Completion of the $4.2-million project is expected by mid-July. During our renovation process, we won the prestigious Spa Finders Readers Choice Award for accommodations, said Executive Engineering Manager Ken Powell. We are constantly reinventing ourselves and its...
Negative Comments About the Conditions at Fort Worth Hotels Underscores Need for City Financed Luxury Convention Hotel / April 2003
February 28, 2003
Hotel Online News for the Hospitality Executive Negative Comments About the Conditions at Fort Worth Hotels Underscores Need for City Financed Luxury Convention Hotel By Ginger D. Richardson, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News Mar. 31, 2003 - FORT WORTH, Texas -- It sounds like a bad joke, but the folks at City Hall aren't laughing. Plumbers attending a convention were staying in downtown Fort Worth in October when a hotel-room toilet exploded, contaminating the bathroom and the clothing of a convention-goer and his wife. "It was quite humorous because it happened to a consultant wh...
