Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
Benchmark Hospitality Assumes Management of the Georgian Terrace Hotel in Atlanta, Georgia / Oct 2002
April 30, 2002
Hotel Online Special Report Benchmark Hospitality Assumes Management of the Georgian Terrace Hotel in Atlanta, Georgia THE WOODLANDS, TEXAS, October 4, 2002 ... Benchmark Hospitality has assumed the management of the exclusive Georgian Terrace Hotel, a landmark property located in Atlanta, Georgia. Burt Cabañas, chairman and chief executive officer of Benchmark, made the announcement saying, Were thrilled to bring the historic Georgian Terrace Hotel, and its staff, into the Benchmark family. This is truly a remarkable property. The Georgian Terrace Hotel The Georgian Terrace, a 325-guest-suite luxury hote...
The Second Global Summit on Peace Through Tourism Set for Geneva, Switzerland, February 5-8, 2003 / Oct 2002
April 30, 2002
Hotel Online Special Report The Second Global Summit on Peace Through Tourism Set for Geneva, Switzerland, February 5-8, 2003 October 5, 2002 - The aim of the Second Global Summit is to continue "Building a Culture of Peace through Tourism" and to mobilize the world's largest industry, travel and tourism, as a leading force for poverty reduction. Particular emphasis for poverty reduction will be on community empowerment through community tourism. Outcomes will be centered on community microenterprise development in the world's least developed countries. Towards this end, partnering and coalition building which beg...
Gordon Humbert Named General Manager of the Doubletree Guest Suites Downers Grove near Chicago / Oct 2002
April 30, 2002
Hotel Online Special Report Gordon Humbert Named General Manager of the Doubletree Guest Suites Downers Grove near Chicago DOWNERS GROVE, Ill., October 24, 2002 Gordon Humbert has been named general manager of the 247-suite Doubletree Guest Suites Downers Grove in Chicagos suburban DuPage County. In this position, he will be responsible for directing the day-to-day management and operation of the only all-suite hotel in the Chicagoland metro area to have met the stringent standards to earn the prestigious certification of the International Association of Conference Centers (IACC). Humbert most recently ser...
Global Distribution Systems in Present Times – Four Major GDS Systems; Amadeus, Galileo, Sabre, Worldspan / Oct 2002
April 30, 2002
Hotel Online Special Report Global Distribution Systems in Present Times -- Four Major GDS Systems; Amadeus, Galileo, Sabre, Worldspan By: Samipatra Das, Consulting & Valuation Analyst HVS International October 2002 - The travel marketplace is a global arena where millions of buyers (travel agents and the public) and sellers (hotels, airlines, car rental companies, etc.) work together to exchange travel services. Among the shelves on which buyers search for travel services are worlds global distribution systems and the Internet distribution systems. These systems have become electronic supermarkets link...
Grant Coonley Named General Manager of the 1,234-room Hilton Los Angeles Airport / Oct 2002
April 30, 2002
Hotel Online Special Report Grant Coonley Named General Manager of the 1,234-room Hilton Los Angeles Airport BEVERLY HILLS, Calif. - Oct. 4, 2002 -- Grant Coonley has been named general manager of the 1,234-room Hilton Los Angeles Airport. Coonley was the property's director of front office services from 1992 to 1996. He most recently served as director of rooms division for the Hilton San Francisco, a position held since 2000. A 17-year hospitality veteran, Coonley began his career in 1985 in the front office at Harrah's Hotel and Casino in Reno, Nevada. He served in the same capacity at the Pepper...
Report Paints Grim Picture for Fort Worth Taxpayers If City Proceeds With Publicly-Subsidized Convention Center Hotel / Oct 2002
April 30, 2002
Hotel Online Special Report Report Paints Grim Picture for Fort Worth Taxpayers If City Proceeds With Publicly-Subsidized Convention Center Hotel Petition Drive Urging Vote on the $130 Million Bond Issue Begins Today. Report Indicates Publicly-Subsidized Hotel Will Lead to Major Loss of Real Estate Taxes and Predicts Hotel Will Almost Certainly Default on Its Debt, Leading to Further Taxpayer Burdens FORT WORTH, Texas, Oct. 7, 2002 - The following was released today by Citizens for Taxpayers Rights: Fort Worth taxpayers will be left holding the bag if the city proceeds with its plans to bu...
Unable to Lure Private Developers, City of Fort Worth Considers Certificates of Obligations to Finance $130 million Convention Center Hotel / Oct 2002
April 30, 2002
Hotel Online News for the Hospitality Executive Unable to Lure Private Developers, City of Fort Worth Considers Certificates of Obligations to Finance $130 million Convention Center Hotel By Ginger D. Richardson, Fort Worth Star-Telegram, Texas Knight Ridder/Tribune Business News Sep. 28, 2002 - FORT WORTH, Texas-- After years of debate, top Fort Worth officials are recommending that the city spend $130 million to build a 600-room convention center hotel without seeking voter approval. The proposal, which could go to the City Council for a vote within two weeks, has been criticized by downtown hoteliers who don't want...
Obvious as Offering Hot and Cold Running Water, Le Parker Meridien New York Invests $100,000 in Technology to Offer Unlimited Free High Speed Internet
April 30, 2002
Hotel Online Special Report Obvious as Offering Hot and Cold Running Water, Le Parker Meridien New York Invests $100,000 in Technology to Offer Unlimited Free High Speed Internet Access to All 730 Rooms NEW YORK - Oct. 23, 200 -- Le Parker Meridien New York has invested $100,000 in order to provide complimentary high speed Internet access in all 730 rooms and suites. Business travelers place Internet access high on their "necessary to survive" list and often complain about slow dial-up access. They are accustomed to having high speed connections in the office and at home, and expect the same when they travel. The...
$43 million Wahington D.C. Hotel Is Planned by Four-Tribe Coalition; Goal to Generate Revenues Outside of Gaming / Oct 2002
April 30, 2002
Hotel Online Special Report $43 million Wahington D.C. Hotel Is Planned by Four-Tribe Coalition; Goal to Generate Revenues Outside of Gaming WASHINGTON - Oct. 4, 2002 - The Forest County Potawatomi Community of Wisconsin, Oneida Tribe of Indians of Wisconsin, the San Manuel Band of Mission Indians, and Viejas Band of Kumeyaay Indians, both of Southern California, today announced they have formed Four Fires LLC, an economic partnership between tribal governments. During a press event at the National Press Club, the tribes also announced their first joint business venture--the development of a hotel i...
Golf Course Saturation Hits Central Florida / October 2002
April 30, 2002
Hotel Online News for the Hospitality Executive Golf Course Saturation Hits Central Florida By Mark K. Matthews, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News Oct. 28, 2002 - KISSIMMEE, Fla.--Bring your clubs to just about any golf course in Central Florida, and there will probably be a deal waiting. From the no-frills $6 round to the $12 deluxe package of golf, lunch and a free cart, bargains abound. Prices, though, don't reflect friendly, polo-shirt competition. They are bids for survival. The combination of Sept. 11 fallout, market saturation and roller-coaster weather has put scores of Cent...
Tom Corcoran Very Bullish in Myrtle Beach, S.C.; Kingston Plantation a Star in FelCor's Portfolio / October 2002
April 30, 2002
Hotel Online News for the Hospitality Executive Tom Corcoran Very Bullish in Myrtle Beach, S.C.; Kingston Plantation a Star in FelCor's Portfolio By Dawn Bryant, The Sun News, Myrtle Beach, S.C. Knight Ridder/Tribune Business News Oct. 13, 2002 - Wandering through the lobby of the Embassy Suites at Kingston Plantation, Tom Corcoran seemed more like the tourists mingling around him than the hotel's owner. He was looking forward to playing golf the next day and getting through a quick business meeting, much like the conventioneers gathering in the lobby. But unlike other visitors, Corcoran has a stake in whether tour...
Inter-Continental Hotel and Homestead Studio Suites Cancel Reservations of Falun Gong Practitioners in Houston / October 2002
April 30, 2002
Hotel Online News for the Hospitality Executive Inter-Continental Hotel and Homestead Studio Suites Cancel Reservations of Falun Gong Practitioners in Houston By Dale Lezon, Houston Chronicle Knight Ridder/Tribune Business News Oct. 23--Two Galleria-area hotels have canceled reservations of Falun Gong practitioners in Houston to demonstrate against Chinese President Jiang Zemin when he visits here this week. "I don't understand what the problem is," said Lisa Nappi, a Falun Gong practitioner from Virginia. "This is America. This is a free land." Practitioners from around the world have come to Houston to peacefully...
Fairmont Acquiring The Orchid at Mauna Lani for Approximately $140 million; Will be Reflagged The Fairmont Orchid, Hawaii / Oct 2002
April 30, 2002
Hotel Online Special Report Fairmont Acquiring The Orchid at Mauna Lani for Approximately $140 million; Will be Reflagged The Fairmont Orchid, Hawaii October 21, 2002 - Fairmont Hotels & Resorts Inc. today announced that it has agreed to acquire The Orchid at Mauna Lani on the Island of Hawaii from an affiliate of Colony Capital LLC. FHR's luxury management company, Fairmont Hotels & Resorts ("Fairmont"), will operate the property, which will be officially flagged "The Fairmont Orchid, Hawaii" in December 2002. The purchase price for the property is approximately $140 million plus closing costs and will be funde...
Inter-Mountain Management Opens Marriott's 500th Fairfield Inn in Rogers, Arkansas / Oct 2002
April 30, 2002
Hotel Online Special Report Inter-Mountain Management Opens Marriott's 500th Fairfield Inn in Rogers, Arkansas WASHINGTON, D.C. - Oct. 25, 2002 - Marriott International, Inc. announced today that Fairfield Inn by Marriott opened its 500th hotel in Rogers, Ark., growing to nearly 48,000 rooms in 48 states. Positioned in the lower-moderate lodging segment, Fairfield Inn is one of Marriott's fastest growing brands, opening an average of 33 hotels per year since its launch in 1987. The brand expects to add nearly 25 more hotels by year-end 2003. "From the very beginning, Fairfield Inn has been popular with customers...
April 30, 2002
Hotel Online Special Report Florida International Universitys Classrooms Go Global - Students Have Opportunity To Earn Masters Degree From Home MIAMI, Fla. (Oct. 1, 2002) -- Florida International Universitys School of Hospitality Management announces new application deadline dates for its innovative distance-learning program that allows students to earn a Master of Science degree in just 20 months without ever setting foot on campus. Considered one of the nation's leading hospitality management schools, FIU offers a Master of Science Executive Masters Track Distance Program. The program begins in Jan...
Fairmont Reports 3rd Qtr RevPAR Up 5.4% in Canada; US Declines 1% Compared to 2001 / Hotel Operating Statistics / Oct 2002
April 30, 2002
Hotel Online Special Report Fairmont Reports 3rd Qtr RevPAR Up 5.4% in Canada; US Declines 1% Compared to 2001 Hotel Operating Statistics Meets Third Quarter Guidance Octobr 21, 2002 - Fairmont Hotels & Resorts Inc. ("FHR" or the "Corporation") (TSX/NYSE: FHR) today announced financial results for the third quarter ended September 30, 2002. All amounts are expressed in U.S. dollars. Third Quarter Consolidated Results Revenues increased to $171.4 million, up 10.7% from revenues of $154.8 million in 2001. Third quarter EBITDA(1) improved 36.4% to $74.2 million, meeting management's guidance of $70-$75 million. E...
FelCor Reports $13.8 million Loss for 3rd Quarter; Hotel Portfolio Reached 65% Occupancy But ADR Fell During Quarter / Oct 2002
April 30, 2002
Hotel Online Special Report FelCor Reports $13.8 million Loss for 3rd Quarter; Hotel Portfolio Reached 65% Occupancy But ADR Fell During Quarter IRVING, Texas October 30, 2002 - FelCor Lodging Trust Incorporated (NYSE: FCH), one of the nations largest hotel real estate investment trusts (REITs), today reported operating results for the third quarter ended September 30, 2002. FelCors third quarter 2002 recurring Funds From Operations ("FFO") was $29.2 million, or $0.44 per share. FFO for the same period last year totaled $33.1 million, or $0.50 per share. Third quarter 2002 recurring Earnings Before Interest, ...
Francesco Borrello Named General Manager at Abu Dhabi Grand hotel; Will Prepare the Hotel for Reflagging as Le Royal Meridien Abu Dhabi / Oct 2002
April 30, 2002
Hotel Online Special Report Francesco Borrello Named General Manager at Abu Dhabi Grand hotel; Will Prepare the Hotel for Reflagging as Le Royal Meridien Abu Dhabi Abu Dhabi October 2002: Le Meridien has announced the appointment of Francesco Borrello to head the management team at the Abu Dhabi Grand hotel. Borrello will lead the hotel through major extension and refurbishment works in preparation for its reflagging as Le Royal Meridien Abu Dhabi next year. He was most recently general manager at Le Royal Meridien Bahrain, responsible for a major overhaul of the hotels systems, procedures and processes that ...
Marriott ExecuStay Adding Complimentary Concierge Service at Certain Locations / Oct 2002
April 30, 2002
Hotel Online Special Report Marriott ExecuStay Adding Complimentary Concierge Service at Certain Locations Washington, D.C. Oct. 25, 2002 Marriott ExecuStay, the corporate housing division of Marriott International, Inc. (NYSE:MAR), today announced that it will add complimentary, first-class concierge service for guests in the Maryland and Northern Virginia suburbs of Washington, D.C., beginning October 28. Marriott ExecuStay is the first corporate housing provider to launch concierge services. Joe Lavin, executive vice president and managing director of Marriott ExecuStay, said, ExecuStay is proud ...
April 30, 2002
Hotel Online Special Report Europes Hotel Industry: France Posts Record Performance for September, 2002 In Europe, the RevPAR grows by 5.6% in September / The rise in the RevPAR ranges between +2% and +5% in most European counties France has an exceptional September / The RevPAR gains 13.5% in September across all categories / In 4* growth reaches 25.6% In Paris, the RevPAR grows by 26.1% in September / In 4* the rise is by 36.3% MONTHLY RESULTS FOR CORPORATE OPERATED HOTEL CHAINS BY COUNTRY: SEPTEMBER, ALL SEGMENTS Country OR September 2002 OR change September 2002/2001...
Hotel Investment Activity Across Continental Europe in the First Half of 2002 Subdued in Comparison with First Half of 2001 / Oct 2002
April 30, 2002
Hotel Online Special Report Hotel Investment Activity Across Continental Europe in the First Half of 2002 Subdued in Comparison with First Half of 2001 London, 2nd October, 2002 Jones Lang LaSalle Hotels latest Digest research reveals that hotel investment activity across continental Europe in the first half of 2002 has been subdued in comparison with the first half of 2001. Many potential sellers appear to have chosen to keep their transaction plans on hold until the trading outlook improves. According to the Digest the situation is similar in the UK hotel investment market, although interest remains strong. The r...
Bad Hotel Loans Hurts Profits of Pacific Continental Bank / Oct 2002
April 30, 2002
Hotel Online News for the Hospitality Executive Bad Hotel Loans Hurts Profits of Pacific Continental Bank By Ed Russo, The Register-Guard, Eugene, Ore. Knight Ridder/Tribune Business News Oct. 4--For the third quarter in a row, the possibility of dealing with bad hotel loans will affect profits at Pacific Continental Bank. The Eugene-based bank on Monday said it boosted its allowance for potential loan losses in the quarter ended Sept. 30 by $1.2 million because a Portland-area hotel has failed to resume payments on a real estate loan. Bank executives did not specify how the extra set-aside will affect profits for ...
Musselman Hotels Opens the 150-suite Embassy Suites Hotel Louisville-East / Oct 2002
April 30, 2002
Hotel Online Special Report Musselman Hotels Opens the 150-suite Embassy Suites Hotel Louisville-East BEVERLY HILLS, Calif., October 17, 2002 Hilton Hotels Corporation has announced the opening of the newly constructed 150-suite Embassy Suites Hotel® Louisville-East. The hotel represents the newest addition to the growing roster of 168 upscale Embassy Suites Hotels. The hotel is owned by Fenley Campus Hotel, LLC and managed by Musselman Hotels, LLC, representing Musselman Hotels 26th property throughout Kentucky and Tennessee. Bosse & Mattingly and CCC Construction served as the contractors for the ho...
Newmarket International Partners with Optims to Deliver Integrated Yield Management to Independent and Group Owned Properties in EMEA and Asia Pacific
April 30, 2002
Hotel Online Special Report Newmarket International Partners with Optims to Deliver Integrated Yield Management to Independent and Group Owned Properties in EMEA and Asia Pacific New interface to link solutions of EMEA Yield Management leader with Newmarkets world-leading group, sales and catering software PORTSMOUTH, N.H. / EVRY, FRANCE OCT. 10, 2002 Newmarket International Inc. the makers of DelphiTM and other leading group, sales, catering and banquet solutions has partnered with Optims S.A. the leading provider of revenue management and optimization solutions in Europe, the Middle East and A...
