Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
Lessons Learned From United's Employee Stock Ownership Plan / Dec 2002
April 30, 2002
Hotel Online Special Report Lessons Learned From United's Employee Stock Ownership Plan December 9, 2002 - The following is a statement by J. Michael Keeling, President, The ESOP Association, in reaction to United Airlines Corporation's bankruptcy filing. United Airlines is the only publicly traded company to have been majority-owned by an Employee Stock Ownership Plan (ESOP). Employee ownership advocates are clearly disappointed that the widely-heralded employee ownership program at United Airlines turned sour, and that the company's employee ownership program did not enable the company to weather troubled times, ei...
Display Kitchens: A Feast for the Eyes (Part II) / Lee Simon – Drawing Conclusions / December 2002
April 30, 2002
Drawing Conclusions Foodservice Design By Lee Simon / The General Group / December 2002 PART II In the previous installment, we discussed the popularity of display kitchens and the many issues that should be considered to determine whether a display kitchen is desirable for a given operation. For arguments sake, lets say that you did your homework and have determined that a display kitchen is the way to go. You did do your homework right? Now we are going to look at some of the features of a well designed display kitchen. Layers of Activity The visual impact of a display kitchen is significantly enhan...
JW Marriott Desert Ridge Resort & Spa Opens; Largest Luxury Resort in Arizona / Dec 2002
April 30, 2002
Hotel Online Special Report advertisement JW Marriott Desert Ridge Resort & Spa Opens; Largest Luxury Resort in Arizona WASHINGTON Dec. 17, 2002 Marriott International, Inc. (NYSE:MAR) announced today that the company has opened its 2,500th hotel worldwide, with the completion of the 950-room JW Marriott Desert Ridge Resort & Spa, in Phoenix, Ariz. The milestone marks a year that has seen Marriott open 128 hotels and more than 20,000 rooms through the third quarter of 2002. This is in line with previously announced plans to add 25,000 to 30,000 rooms per year in 2002, 2003 and 2004. Weve experienced t...
Denver's Proposed $347.3 million Convention Hotel Under Further Scrutiny / Dec 2002
April 30, 2002
Hotel Online News for the Hospitality Executive Denver's Proposed $347.3 million Convention Hotel Under Further Scrutiny By Mark P. Couch, The Denver Post Knight Ridder/Tribune Business News Dec. 5--Denver City Council members peppered officials with demands Wednesday as they reviewed contracts for the city's proposed $347.3 million convention-center hotel. The demands surfaced during debate about a contract to pay $23.25 million for land and an agreement to pay architect's fees of $810,000 for preliminary design services. Both contracts were sent to the full council for its review next week, but not before counci...
The 800-room Delta Orlando Resort Abruptly Closes Doors / Dec 2002
April 30, 2002
Hotel Online News for the Hospitality Executive The 800-room Delta Orlando Resort Abruptly Closes Doors By Robert Johnson, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News Dec. 11--The Delta Orlando Resort, a sprawling, 800-room hotel that seemed ideally located within walking distance of Universal Orlando, has abruptly closed its doors. Owned by a Canadian investment group known as Universal LLC, the 20-year-old Delta had ironically been troubled by, among other things a shortage of the Canadian tourists who were long its bread and butter. Canadian travel to Orlando has swooned since last year'...
Outlook of the European Hotel Industry Remains Varied / Dec 2002
April 30, 2002
Hotel Online Special Report Outlook of the European Hotel Industry Remains Varied Senior executives participate in opinion survey 11 December 2002 - In early November, hosts Deloitte & Touche and Jones Lang LaSalle Hotels, invited almost 300 senior executives to a one day conference in London addressing the issues of the European hotel investment industry. Taylor Nelson Sofres supported the hosts and invitees by conducting a opinion survey amongst the attendees. About 35 percent of the interviewees were hotel operators, some 18 percent were investors, a further 17 percent were lawyers, accountants and other f...
International Occupancy and Rate Report / October 2002 / Deloitte & Touche / Dec 2002
April 30, 2002
Hotel Online Special Report International Occupancy and Rate Report October 2002 Summary Report October performance in US dollars Occupancy Average room rate RevPAR 2002 Change 2002 Change 2002 Change % US$ US$ Asia Pacific (HotelBenchmark sample represents approximately 1,100 hotels across the region) Auckland 77.9 18.3% 65 33.4% 51 57.9% Beijing 85.3 14.0% 87 4.9% 75 1...
Houstonians Pivotal in Developing Los Cabos, Mexico Resort Area / December 2002
April 30, 2002
Hotel Online News for the Hospitality Executive Houstonians Pivotal in Developing Los Cabos, Mexico Resort Area By Jenalia Moreno, Houston Chronicle Knight Ridder/Tribune Business News Dec. 1--SAN JOSE DEL CABO, Mexico -- For many Houstonians, it takes only a vacation and one look at the Sea of Cortez from the Villas Del Mar residential development and they're hooked. That's what happened to the late Kenneth Schnitzer. In 1994, Houston developer Schnitzer and business partner Ron Hatfield took a four-day golfing vacation in Los Cabos -- the Mexican towns of San Jose Del Cabo and Cabo San Lucas and everything in ...
David L. White Named Vice President and Controller Choice Hotels International, Inc. / Dec 2002
April 30, 2002
Hotel Online Special Report David L. White Named Vice President and Controller Choice Hotels International, Inc. SILVER SPRING, Md. (December 20, 2002) Choice Hotels International, Inc. (NYSE:CHH) today announced that its board of directors has elected David L. White as vice president and controller. White, 34, joined the company in September 2002 as vice president, financial/SEC reporting, from Ernst & Young, where he supervised financial statement audits and managed special projects for both public and private companies in a wide range of industries. Since joining Choice, David has provided strong leader...
Developer Buccini Pollin Group Temporarily Closes The Madison Hotel, Washington DC for $30 million Renovation / Dec 2002
April 30, 2002
Hotel Online Special Report Developer Buccini Pollin Group Temporarily Closes The Madison Hotel, Washington DC for $30 million Renovation WASHINGTON, D.C., December 9, 2002 The Madison Hotel held what is believed to be Washingtons first-ever Grand Closing ceremony to kick off a $30 million renovation of one of the citys most legendary hostelries. The hotel will temporarily close its doors until early summer 2003 while it undergoes a complete restoration. The event, which celebrated the hotels history as one of Washington, D.C.s premier hotels, began with the lowering of a priceless chandelier and fe...
Owners Jim and Carol Ruddick Build $750,000 B&B from Scratch; Earn AAA Four-Diamond Status / December 2002
April 30, 2002
Hotel Online News for the Hospitality Executive Owners Jim and Carol Ruddick Build $750,000 B&B from Scratch; Earn AAA Four-Diamond Status By Dawn Bryant, The Sun News, Myrtle Beach, S.C. Knight Ridder/Tribune Business News Dec. 1, 2002 - CONWAY -- Even before Jim and Carol Ruddick knew where they were going to open a bed and breakfast, they knew what kind of soap the guests would use. And they knew the bathrooms would have high-end tile instead of linoleum. And all the doors would have deadbolts. No question about it, wherever they built their bed and breakfast, it was going to meet every detail needed to reac...
Many Convention Centers Slashing Prices, Piling on Incentives to Win and Retain Trade Shows / Dec 2002
April 30, 2002
Hotel Online News for the Hospitality Executive Many Convention Centers Slashing Prices, Piling on Incentives to Win and Retain Trade Shows By Kathy Bergen, Chicago Tribune Knight Ridder/Tribune Business News Dec. 22, 2002 - How badly did the recently expanded Austin Convention Center want to book business for what was looking like an extremely soft 2004? Badly enough to offer booking bonuses ranging from free facility rental to free opening-night receptions to free musical entertainment. How badly did Boston want to recapture its once-biggest trade show, Macworld, which moved to New York in 1998? Badly enough to o...
Consumers Financial Ability to Travel at Lowest Point in 3 Years / Dec 2002
April 30, 2002
Hotel Online Special Report Consumers Financial Ability to Travel at Lowest Point in 3 Years WASHINGTON, DC - The Travel Industry Association of America's (TIA) Traveler Sentiment Index continues to decline, falling 4.5 percent in the fourth quarter of 2002 to all-time low of 93.7. While all five components of the index declined from last quarter, consumer concerns about not having enough time to travel and about their financial ability to travel fell to their lowest points to date. The drop in the overall Traveler Sentiment Index reflects declining consumer confidence as measured in the Conference Board's Cons...
The City of Columbia, SC to Issue Up to $67 million in Revenue Bonds for 300 room Hilton / Dec 2002
April 30, 2002
Hotel Online News for the Hospitality Executive The City of Columbia, SC to Issue Up to $67 million in Revenue Bonds for 300 room Hilton By C. Grant Jackson, The State, Columbia, S.C. Knight Ridder/Tribune Business News Dec. 12, 2002 - The city of Columbia is going into the hotel business. City Council agreed Wednesday that a group led by Edens & Avant Real Estate Services should build a 300-room Hilton Hotel to service the Columbia Metropolitan Convention Center. The entire project will be financed with between $64 million and $67 million in city revenue bonds. Once the debt is paid, the city will own the hotel....
Are Hotels a Predictor of City Success? / Jones Lang LaSalle / Dec 2002
April 30, 2002
Hotel Online Special Report Are Hotels a Predictor of City Success? Chicago, December 18, 2002 As part of Jones Lang LaSalles Winning Cities and Property Futures research projects, Melinda McKay, Senior Vice President of Jones Lang LaSalle Hotels, has authored a study on hotel properties and how they influence the success of a city. Winning Cities is a Jones Lang LaSalle/LaSalle Investment Management research program aimed at defining the essence of competitiveness in cities of the future and using this analysis to pick winning locations ahead of the curve for property market players. The...
Chris Lane, Xanterra's Director of Environmental Affairs, Talks About Strong Commitment to Environmental Stewardship / Dec 2002
April 30, 2002
Hotel Online News for the Hospitality Executive Chris Lane, Xanterra's Director of Environmental Affairs, Talks About Strong Commitment to Environmental Stewardship Environmental News Network, Berkeley, Calif. Knight Ridder/Tribune Business News Dec. 3, 2002 - Managing facilities in some of the most beautiful national parks in the United States, hospitality giant Xanterra Parks & Resorts has plenty of good reasons to keep its operations clean and green. Chris Lane, Xanterra's director of environmental affairs, talked to GreenBiz.com's Emily Rabin about the company's strong commitment to environmental stewardship -- and ...
The Former Wyndham Checkers Reglagged the Hilton Checkers Los Angeles; Continues to be Managed by Tarsadia Hotels / Dec 2002
April 30, 2002
Hotel Online Special Report The Former Wyndham Checkers Reglagged the Hilton Checkers Los Angeles; Continues to be Managed by Tarsadia Hotels LOS ANGELES--Dec. 10, 2002--Hilton Hotels Corporation has announced the opening of the Hilton Checkers Los Angeles, representing another addition to the brand's growing roster of full-service hotels. The Hilton Checkers Los Angeles has long been recognized as one of downtown Los Angeles' finest hotels. Formerly the Wyndham Checkers Hotel, the Hilton Checkers Los Angeles will co...
Four Seasons Purchases 400-acres in Celebration; Plans 425-room Resort, 18-hole Golf Course and a Fractional Ownership Residence Club / Dec 2002
April 30, 2002
Hotel Online Special Report Four Seasons Purchases 400-acres in Celebration; Plans 425-room Resort, 18-hole Golf Course and a Fractional Ownership Residence Club December 19, 2002 - Four Seasons Hotels and Resorts, one of the worlds leading operators of luxury hotels, has purchased approximately 400-acres in Celebration. Plans for the multi-use resort include a 425-room luxury hotel, 18-hole championship golf course, an exclusive enclave of single-family homes and a fractional ownership Four Seasons Residence Club. We believe Four Seasons reputation for quality, character and outstanding service wil...
Washington Mutual Opens Leadership Center at Cedarbrook; 18 Acres, 110 Rooms / December 2002
April 30, 2002
Hotel Online Special Report Washington Mutual Opens Leadership Center at Cedarbrook; 18 Acres, 110 Rooms SEATTLE, December 19, 2002 - Washington Mutual announces the opening of its new corporate leadership development center in December. Nestled on an 18-acre campus with a natural wetland, the Washington Mutual Leadership Center at Cedarbrook offers meeting rooms and guest facilities in a contemporary retreat environment. "As one of the nation's top growth retailers of consumer financial services, we know that our long-term success depends upon developing our future leaders through a common curriculum and corpor...
Isle of Capri Casino, Biloxi, Proceeding with $80 million Expansion / December 2002
April 30, 2002
Hotel Online News for the Hospitality Executive Isle of Capri Casino, Biloxi, Proceeding with $80 million Expansion By Timothy Boone, The Sun Herald, Biloxi, Miss. Knight Ridder/Tribune Business News Dec. 5--BILOXI, Miss.--One day after getting approval from the city of Biloxi, the Isle of Capri Casino released renderings of its $80 million expansion. Work will begin in January with the construction of a six-level parking garage and end in mid-2005 when a 396-room hotel opens. The new hotel tower will be built just north of the existing resort and the pair will look like one large hotel. The expansion will create ...
Eustace Guishard Named Anguilla's Hotelier of the Year / Dec 2002
April 30, 2002
Hotel Online Special Report Eustace Guishard Named Anguilla's Hotelier of the Year Travis Simpson Voted Employee of the Year, as Cap Juluca Sweeps Top Honors Maundays Bay, Anguilla (December 2, 2002) - Cap Juluca's General Manager, Eustace Guishard, was named 2002 Hotelier of the Year by the Anguilla Hotel & Tourism Association/Anguilla Tourist Board. At the same ceremony, Travis Simpson of guest services at Cap Juluca, was awarded Employee of the Year, giving the hotel a sweep of the top honors. "On behalf of Travis and myself, we are extremely honored to receive these high recognitions," said Guishard. "Th...
Performance Clauses Essential In Hotel Management Contract / Stephen Rushmore / Canadian Lodging Outlook / Dec 2002
April 30, 2002
Hotel Online Special Report Performance Clauses Essential In Hotel Management Contract CANADIAN LODGING OUTLOOK October 2002 Year to date The Canadian Lodging Outlook is a joint monthly publication of Smith Travel Research and HVS International, Vancouver and Toronto, Canada By: Stephen Rushmore - MAI, CHA, CRE, president and founder of HVS International When you turn the keys of your hotel over to a management company, you expect the property will be competently operated. I define competence as the ability to maximize long-term revenues while minimizing long-term expenses. While most hotel management companies ...
Some Fear Reno and Lake Tahoe will be Pounded by Fast Expanding California Tribes' Casinos / Dec 2002
April 30, 2002
Hotel Online News for the Hospitality Executive Some Fear Reno and Lake Tahoe will be Pounded by Fast Expanding California Tribes' Casinos By Bruce Spence, The Record, Stockton, Calif. Knight Ridder/Tribune Business News Dec. 8--It's not a question of whether the fast-expanding world of California Indian gaming is hurting Nevada's $9.3 billion-a-year casino industry, it's how big is the hurt. The consensus from gaming experts and those in the industry is that while Las Vegas will continue to fare well, because it is a major tourism spot for a number of nongaming reasons, too, other strongholds such as Reno and Lake T...
Hilton, CNL Hospitality Corp. Form Partnership to Acquire Sheraton El Conquistador Resort and Country Club in Tucson, Arizona and Doubletree Hotel at
April 30, 2002
Hotel Online Special Report Hilton, CNL Hospitality Corp. Form Partnership to Acquire Sheraton El Conquistador Resort and Country Club in Tucson, Arizona and Doubletree Hotel at Lincoln Centre in Dallas, Texas BEVERLY HILLS, Calif. & ORLANDO, Fla. - Dec. 30, 2002 -- Hilton Hotels Corporation (NYSE:HLT) and CNL Hospitality Corp. today announced the formation of a partnership which acquired two hotels. On December 24, 2002, the CNL-Hilton partnership completed the acquisition of the 500-room Doubletree Hotel at Lincoln Centre in Dallas, Texas, and the 428-room Sheraton El Conquistador Resort and Country Club in Tucson, Ari...
