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Martin Resorts Making Changes to Pismo Beach, Calif., Hotels / May 2002
February 28, 2002
Hotel Online News for the Hospitality Executive Martin Resorts Making Changes to Pismo Beach, Calif., Hotels By Raven J. Railey, The Tribune, San Luis Obispo, Calif. Knight Ridder/Tribune Business News May 3--Even as Martin Resorts is taking over one Pismo Beach hotel, it is working to complete renovations on another on Price Street. By the end of the month, The Whaler's Inn will be renamed Pismo Lighthouse Suites. At that time, it also will reopen the first of three buildings being refurbished, said Paul Wallace, chief operations officer for Martin Resorts. The renovation, which began in July 2001, is turning the ...
Marriott, Hilton Compete for Columbia, S.C., Convention Center Hotel Project / May 2002
February 28, 2002
Hotel Online News for the Hospitality Executive Marriott, Hilton Compete for Columbia, S.C., Convention Center Hotel Project By C. Grant Jackson, The State, Columbia, S.C. Knight Ridder/Tribune Business News May 10--A 300-room Marriott and a 250-room Hilton are the centerpieces of competing plans for a hotel to serve the Columbia Metropolitan Convention Center. The Hilton would be developed through a partnership of Columbia-based Edens & Avant Real Estate Services and Garfield Corp. out of Dallas, Texas. The Marriott would be developed by John Q. Hammons of Springfield, Mo. Both Ray Garfield Jr., president of...
Mandalay Resort Group Building $200 million 1,150 Room All-Suites Tower On Las Vegas Strip / May 2002
February 28, 2002
Hotel Online Special Report Mandalay Resort Group Building $200 million 1,150 Room All-Suites Tower On Las Vegas Strip LAS VEGAS - May 23, 2002-- Mandalay Resort Group (NYSE:MBG), a leading owner and operator of world-class entertainment destinations, announced plans today to develop a new 1,122 all-suite, 41-story tower connected to the Mandalay Bay Resort & Casino at the southern end of the Las Vegas Strip. Groundbreaking for the project will begin in September 2002, with a targeted opening date of October 2003. Upon completion, the new towers 750-square foot suites will be the largest average room size of a...
JMBM's Meet the MoneyTM Conference Featured 65 Hotel Debt and Equity Financing Sources / May 2002
February 28, 2002
Hotel Online Special Report JMBM's Meet the MoneyTM Conference Featured 65 Hotel Debt and Equity Financing Sources Los Angeles, CA - May 20, 2002 -- Jeffer, Mangels, Butler and Marmaro (JMBM), the law firm with the internationally acclaimed hospitality practice, held its 12th annual conference on hotel finance in Los Angeles on May 9. The event, Meet the MoneyTM, drew nearly 400 participants and was hosted by partner Jim Butler, Chairman of JMBMs Global Hospitality Group, widely recognized as the premier hospitality practice in a full-service law firm. The Group has handled hundreds of transactions around t...
Michael C. Shindler Named VP of Development for Rockresorts; Will Bolster the Stature of the Legenday Brand / May 2002
February 28, 2002
Hotel Online Special Report Michael C. Shindler Named VP of Development for Rockresorts; Will Bolster the Stature of the Legenday Brand May 14, 2002 - Rockresorts International LLC, a luxury resort hotel company with 11 distinctive resort hotels in seven states, today announced the appointment of Michael C. Shindler as vice president of development. In this role, Shindler will be responsible for identifying and negotiating the acquisition of company portfolios and individual hotels. "Shindler's expertise in acquiring and developing luxury hotels is a perfect catalyst to the future growth of Rockre...
Successful Lodging Business leaders Granted the Distinguished Alumni Award by The School of Hospitality Business, Michigan State University / May 200
February 28, 2002
Hotel Online Special Report Successful Lodging Business leaders Granted the Distinguished Alumni Award by The School of Hospitality Business, Michigan State University CHICAGO, IL May 20 Some of the lodging communitys most successful business leaders today were granted the Distinguished Alumni award by prestigious The School of Hospitality Business, Michigan State University (MSU), at a lavish Chicago ceremony, The School Director and Professor Ronald Cichy announced today. Some of the award winners included such well- recognized names as Lou Weckstein, President, John Q. Hammons Hotels, Inc., ...
MeriStar Hospitality Corporation Reports 1st Qtr Net Loss of $9.9 million Compared with a Profit of $11.6 million in the Prior Year / RevPar Falls 18%
February 28, 2002
Hotel Online Special Report MeriStar Hospitality Corporation Reports 1st Qtr Net Loss of $9.9 million Compared with a Profit of $11.6 million in the Prior Year / RevPar Falls 18% to $66.44 from $81.05 a Year Ago WASHINGTON May 7, 2002 -- MeriStar Hospitality Corporation (NYSE: MHX), the nation's third largest hotel real estate investment trust (REIT), today announced results for the first quarter ended March 31, 2002. Results continue to reflect a cautious economy and post-September 11 declines in business and leisure travel demand nationwide. Recurring funds from operations (Recurring FFO) for the 20...
MGM Mirage the Latest Las Vegas Casino Company to Reach Tentative Five-year Contract with Union / May 2002
February 28, 2002
Hotel Online News for the Hospitality Executive MGM Mirage the Latest Las Vegas Casino Company to Reach Tentative Five-year Contract with Union By Dave Berns, Las Vegas Review-Journal Knight Ridder/Tribune Business News May 28, 2002 - MGM Mirage is the latest Las Vegas casino company to reach a tentative five-year contract with union negotiators, leaving nearly 80 percent of the city's unionized gaming work force with deals to ratify. Financial terms of the MGM Mirage contract, which was reached at about 3 a.m. Monday, match those of agreements with Mandalay Resort Group, Park P...
Martin Finch Named Regional Director of Sales for Fiesta Americana and Fiesta Americana Grand Hotels and Resorts / May 2002
February 28, 2002
Hotel Online Special Report Martin Finch Named Regional Director of Sales for Fiesta Americana and Fiesta Americana Grand Hotels and Resorts Finch to Oversee Southwestern Group Market for Fiesta Americana and Fiesta Americana Grand Hotels and Resorts DALLAS, TX May 2002 -- Martin Finch was recently named Regional Director of Sales for Fiesta Americana and Fiesta Americana Grand Hotels and Resorts. Overseeing promotions in the group marketplace across the U.S. Southwest region, Finch will be responsible for incentive and group sales in Southern California, Arizona, Utah and Colorado. Earning a degree...
Marriott Selects Ernst & Young as Independent Auditor; Arthur Andersen Had Served Since 1959 / May 2002
February 28, 2002
Hotel Online Special Report Marriott Selects Ernst & Young as Independent Auditor; Arthur Andersen Had Served Since 1959 WASHINGTON, May 3, 2002 - Marriott International, Inc. (NYSE: MAR) announced today that its board of directors has appointed Ernst & Young LLP as the company's independent auditor for 2002, replacing Arthur Andersen LLP. The change was based on the unanimous recommendation of the Audit Committee after careful consideration. "We are pleased to select Ernst & Young as our independent auditor," said Arne M. Sorenson, executive vice president and chief financial officer of Marriott International. Pr...
Ric Leutwyler Named VP of E-Commerce for Best Western International / May 2002
February 28, 2002
Hotel Online Special Report Ric Leutwyler Named VP of E-Commerce for Best Western International PHOENIX, May 14, 2002 - Ric Leutwyler has been hired as the new vice president of E-Commerce for Best Western International. In addition to his e-commerce experience, he brings to Best Western a wealth of knowledge and experience in sales and marketing, business development, financial management and travel industry experience. In his position, he will be charged with further developing Best Western's rapidly growing worldwide internet reservations business and e-commerce marketing channels. Leutwyler comes to Best...
Raffles International Chooses Lebensart Technology's SMART System(tm) for Data Management and Analysis / May 2002
February 28, 2002
Hotel Online Special Report Raffles International Chooses Lebensart Technology's SMART System(tm) for Data Management and Analysis SCOTTSDALE, Arizona - May, 2002 - The leader in Customer Delivery Solution (CDS) - lebensart technology Inc, today announced that Raffles International Ltd, the leading hotel chain headquartered in Asia Pacific, will use several of lebensart's SMART System components for data cleansing, management and expansion. Raffles International's portfolio which includes three innovative, global brands: Raffles, Merchant Court and the latest addition Swissôtel, will utilize an integrated mix of SMAR...
Leading Hotel Schools of the World – a New Joint Venture Between Hotelschool The Hague and The Leading Hotels of the World / May 2002
February 28, 2002
Hotel Online Special Report Leading Hotel Schools of the World - a New Joint Venture Between Hotelschool The Hague and The Leading Hotels of the World AMSTERDAM, Holland - May 22, 2002 -- The Leading Hotels of the World, Ltd. has signed a letter of intent with the Hotelschool The Hague to form a joint venture organization to be known as The Leading Hotel Schools of the World, it was announced today by Paul M. McManus, President & Chief Executive Officer, The Leading Hotels of the World, Ltd. and Wim Dooge, President Board of Directors, Hotelschool The Hague. The Leading Hotel Schools of the World will be a for-pro...
Owner of the Lanesborough, Lanesborough Management Limited, Dropping Rosewood for St. Regis Hotels & Resorts / May 2002
February 28, 2002
Hotel Online Special Report Owner of the Lanesborough, Lanesborough Management Limited, Dropping Rosewood for St. Regis Hotels & Resorts May 14, 2002 - Rosewood Hotels & Resorts said today its relationship with The Lanesborough in London, will end May 29. It has managed the renowned hotel since it opened in 1992. The announcement was made by Jim Brown, president, Rosewood Hotels & Resorts. "The Lanesborough is a truly unique hotel that fit especially well within the Rosewood collection," said Brown. "When you are running a business, however, there sometimes comes a point where you have to think with y...
The Chief Negotiator for 47,000 Las Vegas Casino Industry Workers Hopeful for New Contract Before June 1 Strike Deadline / May 2002
February 28, 2002
Hotel Online News for the Hospitality Executive The Chief Negotiator for 47,000 Las Vegas Casino Industry Workers Hopeful for New Contract Before June 1 Strike Deadline By Dave Berns, Las Vegas Review-Journal Knight Ridder/Tribune Business News May 14--The chief negotiator for 47,000 Las Vegas casino industry workers said Monday he is hopeful that a new contract can be reached with at least one gaming company before a June 1 strike deadline. Without an agreement, he noted, just one option remains. "If we don't have a deal with anyone by May 31, there will be a strike, but I'm hopeful we can get agreement with ...
Las Vegas International Hotel & Restaurant Show Confirms Leading Lodging and Restaurant Developers Participation in Panels / May 2002
February 28, 2002
Hotel Online Special Report Las Vegas International Hotel & Restaurant Show Confirms Leading Lodging and Restaurant Developers Participation in Panels LAS VEGAS May 9, 2002 - Leading lodging executives and top restaurant developers from across the country will discuss the state of the hospitality industry in two keynotes at the 23rd Las Vegas International Hotel & Restaurant Show (LVIHRS) June 19-20 at the Las Vegas Convention Center. The lodging and restaurant keynote panels are part of a larger seminar program offered by the LVIHRS that also includes current and useful information about such topics as integrati...
The Little Rock Hilton Inn Seeking a Citywide Election to Approve a $19 million Revenue Bond Issue For Renovation / May 2002
February 28, 2002
Hotel Online News for the Hospitality Executive The Little Rock Hilton Inn Seeking a Citywide Election to Approve a $19 million Revenue Bond Issue For Renovations By David Smith, Arkansas Democrat-Gazette, Little Rock Knight Ridder/Tribune Business News May 15--The Peabody Hotel Group, owner of the Peabody Little Rock hotel, will ask the Little Rock Board of Directors on Tuesday to allow a citywide election to approve a $19 million revenue bond issue to renovate the Little Rock Hilton Inn. "After the tragedies of Sept. 11 and the economic downturn for the travel and lodging industry which followed, private financing...
La Quinta Reports a Loss in the First Quarter of $459.8 million, RevPAR Down 12.6% from a Year Ago / La Quinta Lodging Statistics / May 2002
February 28, 2002
Hotel Online Special Report La Quinta Reports a Loss in the First Quarter of $459.8 million, RevPAR Down 12.6% from a Year Ago La Quinta Lodging Statistics DALLAS, May 8, 2002 - La Quinta® Corporation (NYSE: LQI - news; "La Quinta" or the "Company") today announced financial results for the first quarter ended March 31, 2002. La Quinta will hold a conference call today to discuss these results and other matters. La Quinta's operating results continued to be impacted by the slowdown in travel and a decline in lodging demand. La Quinta's results were also affected by the sale of certain healthcare assets. "We ar...
Lance Mendell Named General Manager of the Holiday Inn at Rock Hill, South Carolina / May 2002
February 28, 2002
Hotel Online Special Report Lance Mendell Named General Manager of the Holiday Inn at Rock Hill, South Carolina JOHNSTOWN, PA - May 24, 2002 - Crown American Hotels is pleased to announce that Mr. Lance Mendell has been named the new General Manager of the Holiday Inn at 2640 North Cherry Road, Rock Hill, South Carolina. Mr. Mendell is responsible for the efficient and overall operation of the 125 room, full-service hotel. Other responsibilities include controlling costs in order to attain projected revenues and achieving budgeted profits. Mr. Mendell reports to Mr. Mario Gomes, Director of Operations at Cro...
A True Pro Teaches a New, Affordable Sales School The Sales Associate Education Workshop launching nationwide, will be taught by GM of the Year. / May
February 28, 2002
A True Pro Teaches a New, Affordable Sales School The "Sales Associate Education Workshop" launching nationwide, will be taught by "GM of the Year." May 29, 2001- Two lodging consulting and training companies in a partnership arrangement have announced their nationwide launch of the "Sales Associate Education Workshop." HS One of Nashville, Tennessee and Turn Key Hotel Advisors of Dallas, Texas have partnered to create the two-day sales school, commencing this summer in Nashville, Atlanta and Dallas. In order to make the workshop affordable to hotels that may not have resources or access to high-level sales skill training, t...
Len Howell Named Director of Acquisitions and Development for the Pacifica Companies / May 2002
February 28, 2002
Hotel Online Special Report Len Howell Named Director of Acquisitions and Development for the Pacifica Companies Pacifica Companies is aggressively seeking to purchase hotels in major markets in the U.S. SAN DIEGO, Calif. May 15, 2002-- Len Howell has joined Pacifica Companies of San Diego as Director of Acquisitions and Development. Howell most recently was a partner in Waterford Development Company, a hotel development company that focused on developing hotels in San Diego County. Waterford was involved in the development of the 284-room Del Mar Marriott and was a member of the development team that...
LaSalle Hotel Properties Reports a Net Loss of $3.1 million for First Quarter; RevPAR Declined 14.8% / Hotel Statistical Data / May 2002
February 28, 2002
Hotel Online Special Report LaSalle Hotel Properties Reports a Net Loss of $3.1 million for First Quarter; RevPAR Declined 14.8% Hotel Statistical Data BETHESDA, Md., May 13, 2002 - LaSalle Hotel Properties (NYSE: LHO) today reported comparable funds from operations ("FFO") of $5.7 million for the first quarter 2002 versus $8.3 million for the same period of 2001. On a per diluted share/unit basis, comparable FFO for the first quarter 2002 was $0.29 versus $0.44 a year ago. Comparable FFO is defined as funds from operations before one-time items, including the purchase of LaSalle Hotel Lessee ("LHL"), the t...
Lorenzo Creighton Named President of Flamingo Las Vegas / May 2002
February 28, 2002
Hotel Online Special Report Lorenzo Creighton Named President of Flamingo Las Vegas LAS VEGAS - May 28, 2002 -- Park Place Entertainment Corporation (NYSE: PPE - News), the world's largest gaming company, today named former judge, gaming administrator and casino executive Lorenzo Creighton as the new president of the Flamingo Las Vegas. Creighton, 49, formerly served as Park Place's corporate vice president for government and community affairs. "Lorenzo's extraordinary background as a judge and regulator, coupled with his extensive experience as a casino executive in Louisiana, Missouri and Mississippi, will ...
Kuwait – A Market Profile / Andersen UK / May 2002
February 28, 2002
Hotel Online Special Report Kuwait - A Market Profile by Lisa M. Jebodhsingh, Senior Market Analyst, Hospitality Knowledge Solutions, Andersen, London, UK Bordered by the Kingdom of Saudi Arabia in the South, Iraq to the North and West and the Arabian Gulf to the East, Kuwait is considered the gateway to the Arab peninsula. This oil-rich nation is home to just over two million people, with over half of them non-nationals. Kuwait has a climate typical of a desert geographical region, with temperatures averaging 23 degrees celsius for the year, but climbing as high as 50 degrees celcius in the summer months. In ...
