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November 4th, 2024
Cendant Acquires Lodging.com; Will Broaden Cendant's Marketing of Discounted Hotel Rooms / Aug 2002
March 30, 2002
Hotel Online Special Report Cendant Acquires Lodging.com; Will Broaden Cendant's Marketing of Discounted Hotel Rooms NEW YORK, Aug. 12, 2002 - Cendant Corporation (NYSE: CD) today announced that it has acquired Lodging.com. Lodging.com is a leading and growing online hotel reservation travel site, generating approximately 115,000 hotel reservations per month predominantly through its network of web sites as well as through its call center at 888-LODGING. The transaction is expected to be accretive to earnings but not material to Cendant. The consideration paid was in the form of cash. Providing its...
Bookings Stagnate at Little Rock, Ark.'s Expanded Convention Center / Aug 2002
March 30, 2002
Hotel Online News for the Hospitality Executive Bookings Stagnate at Little Rock, Ark.'s Expanded Convention Center By Mark Minton, Arkansas Democrat-Gazette, Little Rock Knight Ridder/Tribune Business News Aug. 29--Since the Statehouse Convention Center opened after a $23 million expansion three years ago, it has hosted events from dances to annual meetings. But so far it's missing the big event: the downtown renaissance. Occupying a stretch of downtown riverfront near the River Market, the Peabody Little Rock hotel and the new Little Rock Regional Chamber of Commerce building, the convention center got a mul...
Renaissance Fort Lauderdale Hotel Management Contract Awarded to Lane Hospitality / Aug 2002
March 30, 2002
Hotel Online Special Report Renaissance Fort Lauderdale Hotel Management Contract Awarded to Lane Hospitality NORTHBROOK, Illinois . . . August 1, 2002 - Lane Hospitality announced the acquisition of the management of the new Renaissance Fort Lauderdale Hotel on 17th Street in Fort Lauderdale, Florida. The 233-room, including 14 suites, AAA Four-Diamond rated hotel opened May 2001. It is located in a high quality retail development just west of the 17th Street causeway bridge, one block from the Fort Lauderdale Convention Center and one-quarter mile from Floridas second largest cruise port embarkat...
Lane Hospitality Acquires Management Contract of the Holiday Inn Select Lynchburg, Virginia / Aug 2002
March 30, 2002
Hotel Online Special Report Lane Hospitality Acquires Management Contract of the Holiday Inn Select Lynchburg, Virginia NORTHBROOK, Illinois . . . August 1, 2002 - Lane Hospitality announced the acquisition of the management of the Holiday Inn Select Lynchburg, Virginia. The 241-room hotel is located in the heart of the downtown historic district with views of the Blue Ridge Mountains to the north and a panoramic view of the city lights to the south. The hotel is within minutes of the areas largest employers, five universities and nearby Lynchburg Regional Airport. The Select full-service hote...
Asset Sales Allows La Quinta Corp. to Report 2nd Qtr Net income of $5.5 million; RevPAR Declines 8.5% / Lodging Statistics / Aug 2002
March 30, 2002
Hotel Online Special Report Asset Sales Allows La Quinta Corp. to Report 2nd Qtr Net Income of $5.5 million; RevPAR Declines 8.5% Lodging Statistics DALLAS, Aug. 1, 2002 - La Quinta(R) Corporation (NYSE: LQI) today announced financial results for the second quarter ended June 30, 2002. "We are pleased to report lodging results in line with our previously-issued guidance," said Francis W. ("Butch") Cash, President and Chief Executive Officer. "Although due primarily to easing comparisons, we are also pleased to report we expect to see positive increases in RevPAR and EBITDA for the second half of 2002." Se...
Hospitality Marketing Concepts Appoints Lucas Peng, Vice President and General Manager, Asia Pacific / Aug 2002
March 30, 2002
Hotel Online Special Report Hospitality Marketing Concepts Appoints Lucas Peng, Vice President and General Manager, Asia Pacific Poised for Asia Pacific Expansion IRVINE, CALIFORNIA August 7, 2002 - Lucas Peng, a well-known personality in the Asian hospitality and travel industry scene, has been appointed Vice President and General Manager, Asia Pacific, for Hospitality Marketing Concepts (HMC), the worlds leading provider of travel industry membership and database management programs. Peng will be stationed in Singapore and will lead the regions existing dynamic and highly-skilled team of professionals to a...
LodgeNet Expands Agreement With Hilton / Aug 2002
March 30, 2002
Hotel Online Special Report LodgeNet Expands Agreement With Hilton SIOUX FALLS S.D., Aug. 5, 2002 - LodgeNet Entertainment Corporation (Nasdaq: LNET), the largest provider of broadband, interactive television services to the United States hospitality industry, today announced that it has expanded its master services agreement with Hilton Hotels Corporation (NYSE: HLT). In addition to the digital on-demand movies, music, games and other interactive television services already delivered to Hilton through a contract signed in October 2000, LodgeNet will now also provide television-based Internet access and time-sh...
L'Auberge de Sedona Renovation Features Refurbishment of Intimate Oak Creek Cottages in Arizona's Red Rock Country / Aug 2002
March 30, 2002
Hotel Online Special Report L'Auberge de Sedona Renovation Features Refurbishment of Intimate Oak Creek Cottages in Arizona's Red Rock Country August 21, 2002 - The 33 intimate cottages at L'Auberge de Sedona, considered the most romantic accommodations in Sedona's spectacular red rock country, are undergoing a complete refurbishment, scheduled for completion in September. Twenty-one cottage refurbishments were completed August 1. L'Auberge de Sedona brings a French touch to Arizona's red rock country. Spread throughout eleven acres in the creek-side canyon, L'Auberge's secluded cottages, two restauran...
Los Angeles Hotel Bookings Decline 5.8 Percent in June / Aug 2002
March 30, 2002
Hotel Online News for the Hospitality Executive Los Angeles Hotel Bookings Decline 5.8 Percent in June By Gregory J. Wilcox, Daily News, Los Angeles Knight Ridder/Tribune Business News Aug. 29--Los Angeles' hospitality industry, battered by the withering combination of last year's energy crisis, terrorist attacks and stock market slump, will likely remain depressed for the next 10 months, an industry tracker said Wednesday. However, the sector shows signs of perking up as vacancy rates in major markets -- still below normal levels -- improved during the first half of this year versus 2001, said the survey fro...
Kimberly-Clark's Real Estate Tax Credit Subsidiary, Housing Horizons, Gaining Recognition for Converting Historic Buildings into Hotels / Aug 200
March 30, 2002
Hotel Online News for the Hospitality Executive Kimberly-Clark's Real Estate Tax Credit Subsidiary Housing Horizons, Gaining Recognition for Converting Historic Buildings into Hotels By Steve Brown, The Dallas Morning News Knight Ridder/Tribune Business News Aug. 16 2002 - HOUSTON During the Roaring '20s, most visitors to the Humble Oil boardroom were finance moguls and oil barons. But starting next spring, all you'll need is a reservation to stay in the one-time executive enclave with its carved stone fireplace and lofty domed ceiling. That's because the Houston office building along with the ninth-floor bo...
Lexington Services Names Kevin Ruhman New Vice President Business Development – Americas / Aug 2002
March 30, 2002
Hotel Online Special Report Lexington Services Names Kevin Ruhman New Vice President Business Development - Americas DALLAS (August 13, 2002) Lexington Services Corporation, part of MyTravel Group, a leading provider of reservation management and distribution systems for the hospitality industry announced today that Kevin Ruhman has been named vice president business development Americas. Ruhman, previously director of business development, assumed his new position on July 22. In his new role, Ruhman oversees all business development personnel and activities in North, Central, and South America. Ruhman ...
Kenna Balch and Bennett M. Greenberg Named Vice Presidents of GuestHouse International Franchise Systems / Aug 2002
March 30, 2002
Hotel Online Special Report Kenna Balch and Bennett M. Greenberg Named Vice Presidents of GuestHouse International Franchise Systems GuestHouse International Company Moves Forward to Integrate Operations of Shoney's Inns and GuestHouse International With 140 Properties August 13, 2002 - Leon Moore, chairman, president and chief executive officer of ShoLodge, Inc. , today announced a move to enhance the leadership team of the new GuestHouse International Franchise Systems, Inc. Ms. Kenna Balch has been named Vice President of Marketing of GuestHouse International, and Mr. Bennett M. Greenberg has been ap...
Jonathan M. Tisch, Chairman & CEO of Loews Hotels, Chosen the 2002 Inductee to the Travel Industry Hall of Leaders / Aug 2002
March 30, 2002
Hotel Online Special Report Jonathan M. Tisch, Chairman & CEO of Loews Hotels, Chosen the 2002 Inductee to the Travel Industry Hall of Leaders WASHINGTON, DC August 16, 2002 - Jonathan M. Tisch, chairman & CEO of Loews Hotels, has been chosen as the 2002 inductee to the Travel Industry Hall of Leaders. Tisch was selected by a committee of senior travel industry executives appointed by the Travel Industry Association of America (TIA). Individuals eligible for induction are those persons whose efforts have made sustained and distinguished contributions that have had a positive impact on the overall travel a...
John Q. Hammons Hotels Reports Net Loss of $1,013,000 for 2002 2nd Qtr; RevPAR Down 0.9% Compared to 2001 2nd Qtr / Aug 2002
March 30, 2002
Hotel Online Special Report John Q. Hammons Hotels Reports Net Loss of $1,013,000 for 2002 2nd Qtr; RevPAR Down 0.9% Compared to 2001 2nd Qtr SPRINGFIELD, MO., August 7, 2002 ---- John Q. Hammons Hotels, Inc. (AMEX: JQH) today reported on its second quarter 2002 results. Second Quarter Results Basic and diluted earnings per share before extraordinary item for the three months ended June 28, 2002 were $0.12, compared to basic earnings per share of $0.13 and diluted earnings per share of $0.12 for the second quarter of 2001. The extraordinary item in the second quarter of 2002 was related to the ref...
JJW Hotels & Resorts Acquires ANA Grand Hotel in Vienna; ANA Hotels Continues Sales and Marketing Services / Aug 2002
March 30, 2002
Hotel Online Special Report JJW Hotels & Resorts Acquires ANA Grand Hotel in Vienna; ANA Hotels Continues Sales and Marketing Services London, 1st August 2002 On behalf of All Nippon Airways Co, Ltd (ANA) and JJW Hotels & Resorts, Jones Lang LaSalle Hotels is pleased to announce the sale of the five star deluxe ANA Grand Hotel in Vienna to JJW Hotels & Resorts. The sale is the most significant single asset hotel transaction to have taken place in Europe since the beginning of the year. The property, which will be known as Grand Hotel Wien, is recognised as being amongst the most luxurious hotels not only in Vie...
John A. Beckert, Former President of Bristol Hotels, Named President of ClubCorp Inc / Aug 2002
March 30, 2002
Hotel Online News for the Hospitality Executive John A. Beckert, Former President of Bristol Hotels, Named President of ClubCorp Inc. By Richard Alm, The Dallas Morning News Knight Ridder/Tribune Business News Aug. 27--Just a week after the death of its founder, Dallas-based ClubCorp Inc. will name a new president on Tuesday and elevate Robert Dedman Jr. to chairman of the board. New president John A. Beckert, who once ran the nation's largest independent hotel company, will also become chief operating officer, succeeding Jim Hinckley, who resigned in July. "He's got an ideal background to come in and hit the gr...
Hotel Online: Hospitality News
March 30, 2002
Hotel Online News for the Hospitality Executive Attempt to Finance Hotel Portion of Irving, Texas, Convention Center Fails By Lee Powell, The Dallas Morning News Knight Ridder/Tribune Business News Aug. 25--Close, but no deal. A plan to finance the hotel portion of Irving's proposed convention center collapsed last week, clouding the future of the more than $100 million project planned for Las Colinas. Several City Council members said the failure to obtain financing for the hotel considered integral to the success of the adjoining convention center should be cause to re-examine the project. "We're back to...
Earlier Optimism in Hotel Investment Markets Gives Way To More Cautious Outlook / Jones Lang LaSalle Hotels / Aug 2002
March 30, 2002
Hotel Online Special Report Earlier Optimism in Hotel Investment Markets Gives Way To More Cautious Outlook Hotel Investment Sentiment Survey (HISS) London, 5th August, 2002 - Jones Lang LaSalle Hotels today launches its latest HISS. In June of this year, 1,800 investors were questioned about their outlook for the future of the hotel investment markets. The results of the bi-annual survey, the only global hotel survey of its kind, show that at this time, there was an optimistic and confident mood amongst hotel investors across the globe. Most significantly short-term performance expectations had increased positively...
March 30, 2002
Hotel Online Special Report InnLink Creates a Perfect Union with GuestHouse International Franchise Systems; - Weds 72 Franchised Hotels with InnLinks GDS, Internet, and Private Label Voice Reservations Services in a Memorable Ceremony Hendersonville, TN - August 26, 2002 - InnLink, L.L.C., and GuestHouse International Franchise Systems are pleased to announce the marriage of 72 lodging properties of GuestHouse International Franchise Systems, Inc. with InnLinks complete array of GDS, Internet, and Private Label Voice Reservations Services. According to Kenna Balch, Vice President of Marketin...
Test-Drive a Better Way to Manage Expansion and Renovation Project Costs with Infinium / Aug 2002
March 30, 2002
Hotel Online Special Report August 8, 2002 - For hotels, resorts, and casinos planning a new operation, expansion, renovation, or other capital project, software that can handle the accounting requirements of the entire project lifecycle is key. Infinium, a leading provider of enterprise business solutions to the hospitality and gaming industry, offers such a solution as part of our total Financial Management suite. We invite you to test-drive Infinium Project Accounting today. See how easy it can be to define, manage, analyze, and complete capital projects while avoiding cost overruns and reducing rework with this flexible...
Infinium Hires New Hospitality Product Manager / Aug 2002
March 30, 2002
Hotel Online Special Report August 13, 2002 - Infinium, a leading provider of enterprise business solutions for the hospitality and gaming industry, recently announced the addition of Robert Steven, Senior Product Manager, Hospitality, to its Product Management team. In his new position, Bob will be responsible for defining and prioritizing features and functionality required to enhance Infiniums solution for the hospitality and gaming marketplace. His role will also encompass forming relationships with third-party vendors to ensure that Infinium provides the most comprehensive solution possible for the industry. Prior...
The Extended-Stay Segment Outperforming the Overall Hospitality Industry; Demand Continues to Grow / Aug 2002
March 30, 2002
Hotel Online News for the Hospitality Executive The Extended-Stay Segment Outperforming the Overall Hospitality Industry; Demand Continues to Grow By Caroline Wilbert, The Atlanta Journal-Constitution Knight Ridder/Tribune Business News Aug. 20--At a time when most chief executives are cutting back, David Vickers talks almost exclusively about growth. Vickers, 44, is the founder and chief executive of InTown Suites, an Atlanta-based extended-stay hotel firm. InTown this year doubled its size by acquiring competitor Suburban Lodges of America. The combined chain includes 118 properties and targets the low end of th...
IH&RA 39th Annual Congress Co-Located with the International Hotel/Motel & Restaurant Show, New York November 8-11, 2002 / Aug 2002
March 30, 2002
Hotel Online Special Report IH&RA 39th Annual Congress Co-Located with the International Hotel/Motel & Restaurant Show - New York, November 8-11, 2002 Paris, France August 19, 2002...The International Hotel & Restaurant Association's 39th Annual Congress will take place November 8-11, 2002, in New York City alongside the 87th Annual International Hotel/Motel & Restaurant Show (IH/M&RS) whose 2002 theme - "Global Marketplace" - underlines the first-ever concurrent positioning of the two events. Both events will be held at New York City's Jacob K. Javits Convention Center and will attract and serve nearl...
Details of More than 40 Educational Programs and Special Events / International Hotel/Motel & Restaurant Show / Aug 2002
March 30, 2002
Hotel Online Special Report Details of More than 40 Educational Programs and Special Events International Hotel/Motel & Restaurant Show WHITE PLAINS, NY, August 6, 2002 Enhancing the market experience for lodging and foodservice professionals, the 87th annual International Hotel/Motel & Restaurant Show? (IH/M&RS) will offer an impressive roster of more than 40 educational programs and numerous networking opportunities, November 9-12, 2002, at New York Citys Jacob K. Javits Convention Center. (The complete schedule of seminars and events as of August 6, 2002; Saturday, November 9 / Sunday, November 1...
