Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
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...
Developers Bruce L. Thompson and Edmund C. Ruffin Set to Start Construction on $42 million Hilton Hotel on Virginia Beach's Resort Strip / April
February 28, 2003
Hotel Online News for the Hospitality Executive Developers Bruce L. Thompson and Edmund C. Ruffin Set to Start Construction on $42 million Hilton Hotel on Virginia Beach's Resort Strip By Christopher Dinsmore, The Virginian-Pilot, Norfolk, Va. Knight Ridder/Tribune Business News Apr. 4, 2003 - VIRGINIA BEACH, Va. -- Now that the 31st Street hotel project is finally a go, the new development should swell a building tide of hotel and other improvements along the resort strip. Last week, developers Bruce L. Thompson and Edmund C. Ruffin unveiled plans for a $42 million luxury conference hotel that will operate unde...
The Best Developers, the Best Deals and the Best Conversions within Hilton Hotels Corporation's Full-Service Brands Named / April 2003
February 28, 2003
Hotel Online Special Report The Best Developers, the Best Deals and the Best Conversions within Hilton Hotels Corp's Full-Service Brands Named BEVERLY HILLS, Calif. - April 9, 2003 -- Hilton(R), Doubletree(R) and Embassy Suites Hotels(R) brands recognized the top hotel development projects of 2002 during Hilton Hotels Corporation's Full-Service Brand Conference held March 18-21 in New Orleans. Ten hotel development awards in total were presented in five distinct categories. In addition, a Connie Award (named after company founder Conrad N. Hilton) was presented to the largest owner of Embassy Suites Hotels and Doubl...
Felcor's Hilton Myrtle Beach Resort Opens, Formerly Flew the Wyndham Flag / April 2003
February 28, 2003
Hotel Online Special Report Felcor's Hilton Myrtle Beach Resort Opens, Formerly Flew the Wyndham Flag $15 Million Renovation Includes The Addition Of New Meeting Space MYRTLE BEACH, S.C. - April 10, 2003 - FelCor Lodging Trust Incorporated (NYSE: FCH) and Hilton Hotels Corporation (NYSE: HLT) have announced the opening of the Hilton Myrtle Beach Resort®. Located directly on the ocean at the north end of Myrtle Beach on the famed Grand Strand, the Hilton Myrtle Beach Resort is centrally located in the heart of the regions dining, shopping and entertainment attractions. The resort also is adja...
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...
February 28, 2003
Hotel Online Special Report Hectrixs Web-enabled iGuard Wins BiometriTech Magazines 2002 Product of the Year Award for Access Control and Time-and-Attendance Wayne Wilkerson, hotel security industry icon, joins Hectrix to lead sales and marketing efforts in U.S. HONG KONG (April 2, 2003) Hong Kong-based Hectrix Ltd.s patented Web-enabled iGuardTM access control and time-and-attendance system is reaping rave reviews from leading technology trade publications in addition to receiving high accolades from its clients among universities, businesses, hospitals, hotels, airports. Most recently, Norwalk, Conn....
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...
Many Travel Industry Executives Participating in HSMAI's Speakers Bureau / April 2003
February 28, 2003
...
Many Travel Industry Executives Participating in HSMAI's Speakers Bureau / April 2003
February 28, 2003
Hotel Online Special Report Many Travel Industry Executives Participating in HSMAI's Speakers Bureau Provides Programming for Chapter and Industry Events MCLEAN, VA (April 4, 2003) The Hospitality Sales & Marketing Association International (HSMAI) announced today the launch of a Speakers Bureau, a new online educational resource for chapters, members and the industry at-large. As the newest addition to the Chapter Resource section of the HSMAI website, the Speakers Bureau will feature an impressive roster of executive level, seasoned professionals representing all areas of the hospitality and travel indus...
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...
Hilton Reports Net Income of $9 million Down from $34 million in Last Year's First Quarter, Occupancy up to 66.8% from 66.5% a Year Earlier / Hot
February 28, 2003
Hotel Online Special Report Hilton Reports Net Income of $9 million Down from $34 million in Last Year's First Quarter, Occupancy up to 66.8% from 66.5% a Year Earlier Hotel Operating Statistics BEVERLY HILLS, Calif - April 23, 2003 -- Hilton Hotels Corporation (NYSE:HLT) today reported financial results for the first quarter ended March 31, 2003. As announced previously by the company on March 27, business declines related principally to the conflict in Iraq contributed to generally soft results in the first quarter compared to the year-ago period. Room rate pressure owing to weakness in business and group travel,...
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...
February 28, 2003
Hotel Online Special Report Case Study: Monterey Plaza Hotel & Spas GuestWare Guru Pushes Software to its Limit April 23, 2003 - As GuestWare administrator at the scenic, Five Star Diamond Monterey Plaza Hotel & Spa, Mike Sturgill is not afraid to push the software to its limit. In a little more than a years time, GuestWare has become the customer relationship tool he uses to manage the Monterey, Calif.-based hotels loyalty program, respond to guest requests, track the frequency, type and cost of incidents, market to potential customers and manage comment card data. Give Sturgill some time and he just mi...
