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Candlewood Reports Loss of $11.7 million for First Quarter; Occupancy Up to 72.6%, Compared to 71.1% in the First Quarter of 2001 / Hotel Statistics /
February 28, 2002
Hotel Online Special Report Candlewood Reports Loss of $11.7 million for First Quarter; Occupancy Up to 72.6%, Compared to 71.1% in the First Quarter of 2001 Hotel Statistics WICHITA, Kan., May 15, 2002 - Candlewood Hotel Company, Inc. (Nasdaq: CNDL - News), a leading owner, manager, and franchisor of high-quality, value-oriented, business-travel hotels, today announced results for its first quarter ended March 31, 2002. First Quarter 2002 Results Comparing the operating results of the Candlewood hotels owned, leased and managed by the Company for the first quarter of 2002, occupancy increased to 72.6%, compared t...
The 80 Year Old Broadmoor Hotel and Resort Completes Final Phase of Two-year $75 million Makeover / May 2002...
February 28, 2002
Hotel Online News for the Hospitality Executive The 80 Year Old Broadmoor Hotel and Resort Completes Final Phase of Two-year $75 million Makeover By Rich Laden, The Gazette, Colorado Springs, Colo. Knight Ridder/Tribune Business News Apr. 30--If only the white-glove teams from AAA and ExxonMobil Travel Publications could have seen The Broadmoor hotel last week. As Colorado Springs' internationally known five-star resort wrapped up its massive renovation project, piles of construction debris littered the floors of the hotel's original, main building. Dangling electrical wires and empty pop bottles made the lobby, m...
Boutique Hotels: Have They Gone Too Far / Harry Nobles / May 2002...
February 28, 2002
Hotel Online Special Report Boutique Hotels: Have They Gone Too Far E-mail: info@optimumrating.com Harry Nobles & Cheryl Thompson, May 2002 They have certainly gone far in distance; we recently encountered the boutique concept in Asia. While on a consulting project in Thailand we visited several small hotels that, our opinion, combine all the best boutique characteristics. We were most impressed with the elegant and intimate atmosphere these properties display without any of the trendiness we have seen in some U.S. self-named boutique hotels. We do not intend any criticism of American boutique hotels; we ha...
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February 28, 2002
Hotel Online Special Report Global Update: Whos Where and Doing What May 2002 Heads Above the Rest The Newsletter of The Boutique Search Firm The Americas Gerard Van Grinsven has been named General Manager of the Ritz-Carlton Dearborn, replacing Michel Goget who transferred to the Ritz-Carlton Tysons Corner. Van Grinsven, quite recently, had been appointed to the position of Director of Openings, in charge of setting up all new properties for Ritz-Carlton worldwide. Van Grinsven joined Ritz-Carlton in 1995, from Inter-Continental Hotels in Berlin. Richard Adie, a Cornell Hotel School graduate,...
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February 28, 2002
RSBA & Associates Hospitality Consulting Services 400 Spear Street, Suite 106 San Francisco, CA 94105 Email: rickswig@rsbaswig.com Web site: http://www.rsbaswig.com Email: rickswig@rsbaswig.com Web site: http://www.rsbaswig.com News of Boutiques Demise Is Greatly Exaggerated by Rick Swig, May 2002 The Wall Street Journal recently ran a headline, which yelled "Quirky Accommodations are Passe As Travelers Bypass Boutique Hotels". The thought in the article implied that when the hotel business responds to fads, it can be significantly risky, as expensive rebuilding and refurnishing to the wrong theme can ...
Savings from Online Hotel Bookings Evaporating; KPMG Survey / May 2002...
February 28, 2002
Hotel Online Special Report Savings from Online Hotel Bookings Evaporating; KPMG Survey Savings from booking online fall from an average of £12.50 to £3.75 Internet not always the cheapest booking channel Greater price consistency among hotel chains Greater price consistency among the hotel industry means consumers are less likely to see huge savings they once enjoyed when booking online according to a survey by KPMG. The findings in the Hotels and the Internet 2002 show corporate customers have seen the savings made by booking online fall from an average of £12.50 in 2001 to £3...
Black Out Period May be Over for Hotel Financing / May 2002...
February 28, 2002
Hotel Online Special Report Black Out Period May be Over for Hotel Financing Columbus, OH -May 6, 2002 - Since mid 1998, financing a new or existing hotel has been nearly impossible unless you had operating statements that were coated in gold and your billionaire grandmother was willing to co-sign for you. The tragedy of September 11th led to further tightening in the credit markets as occupancy levels at the major franchises fell to lows not seen in decades. Americans elected to spend their vacations and holidays closer to home out of fear of flying and fear in general. Only recently have we seen the general ...
Sandals Royal Bahamian and Atlantis Voted Best in the Caribbean / May 2002...
February 28, 2002
Hotel Online Special Report Sandals Royal Bahamian and Atlantis Voted "Best in the Caribbean" Nassau, Bahamas (May 2, 2002) - Director General of Tourism, Vincent Vanderpool-Wallace, congratulated Sandals Royal Bahamian and Atlantis resort for each winning awards in Caribbean Travel & Life magazines 2001 annual readers poll. Sandals Royal Bahamian won the award for Best All-Inclusive Resort, and Atlantis won Best Opulent Luxury resort and Best Family Resort for Kids Over 10. We would like to thank Sandals Royal Bahamian and Atlantis for helping do what we try to do everyday, that is make t...
Beijing Snapshot; Average Occupancy Was 61% and Average Daily Rate US$41 / May 2002...
February 28, 2002
Hotel Online Special Report Beijing Snapshot; Average Occupancy Was 61% and Average Daily Rate US $41 Hotel Asia Pacific May 2002 Reaching for the stars By Prudence Lui The Beijing Tourism Administration (BJTA) plans to expand its star-graded hotel portfolio from the current total of 506 to 800 before the start of the 2008 Beijing Olympic Games, resulting in annual growth of at least 7-8%. Hotels that have operated for at least 12 months will be able to apply for national grading, according to planning and statistics director, Fang Zehua, who added that most of them would be low-grade outlets co...
Kauai Coast Resort at the Beachboy Opens three New Food and Beverage Outlets / May 2002...
February 28, 2002
Hotel Online Special Report Kauai Coast Resort at the Beachboy Opens Three New Food and Beverage Outlets Kapaa, HI May 25, 2002 Guests at one of Shell Vacations Hawaiian vacation ownership resorts have recently welcomed three new food and beverage facilities, located directly on the property. The Shell Vacations-developed Kauai Coast Resort at the Beachboy opened the Hukilau Lanai for family dining in May, located in the main lobby of the Kauai Coast Resort and overlooking the grounds and pool area. Restaurant owners are Paige and Russ Talvi and Roberta Wallace. Restaurant Manager is Krissi Miller. A...
Baymont Banking On New Electronic Interface To Strengthen Reservations Volume / May 2002...
February 28, 2002
Hotel Online Special Report Baymont Banking On New Electronic Interface To Strengthen Reservations Volume MILWAUKEE(May 7, 2002) Baymont Inns & Suites continues to respond to franchisee needs for stronger connections to potential guests and the needs of those customers to quickly and easily book reservations on-line at its 190 locations across the nation. Following an agreement that Baymont made last fall with Nashville, Tenn.-based InnLink LLC to manage Baymonts two-way, satellite-based reservation system, the mid-market brand will now benefit from a new agreement between InnLink and Pegasus So...
The Melrose Hotel Company Completes $40 million Renovation of the Historic Barbizon Hotel; Now The Melrose Hotel, New York / May 2002...
February 28, 2002
Hotel Online Special Report The Melrose Hotel Company Completes $40 million Renovation of the Historic Barbizon Hotel; Now The Melrose Hotel, New York NEW YORK CITY - May 14, 2002 - The Melrose Hotel Company announced today the completion of a $40 million renovation to the Barbizon Hotel in New York City. Located on Manhattan's Upper East Side, the Barbizon, originally opened in 1921 and formerly a women's only hotel, officially becomes The Melrose Hotel, New York on June 1, 2002 according to John J. DePaul, president and chief executive officer of The Melrose Hotel Company. "Buildi...
Massachusetts Likely to Join California and Delaware with Smoking Ban in Bars and Nightclubs / May 2002...
February 28, 2002
Hotel Online News for the Hospitality Executive Massachusetts Likely to Join California and Delaware with Smoking Ban in Bars and Nightclubs By Stephen Smith, The Boston Globe Knight Ridder/Tribune Business News May 23--The last public indoor haunts of smokers would become tobacco-free under a campaign to be unveiled today by top health officials in Boston and 11 neighboring cities and towns. Since last fall, a group of urban public health commissioners has been quietly laying the groundwork to ban smoking in the remaining businesses where it is still widely allowed: bars and nightclubs. Today, they plan to announc...
Property Tax Appeal: The 360-room Bacara Resort & Spa Seeking to Slash Property Tax Valuation from Approximately $217 million to $105 million / May 20
February 28, 2002
Hotel Online News for the Hospitality Executive Property Tax Appeal: The 360-room Bacara Resort & Spa Seeking to Slash Property Tax Valuation from Approximately $217 million to $105 million By Mark Van De Kamp, Santa Barbara News-Press, Calif. Knight Ridder/Tribune Business News May 24--The owner of the luxurious Bacara Resort & Spa wants its property tax valuation slashed in half -- by more than $110 million. Alvin Dworman's attorneys contend the 360-room beachfront hotel's property value is approximately $105 million, far less than the county's valuation of $217 million. While hundreds of businesses pursue tax ap...
Dora Brothers Hospitality Corp. Building a Best Western in Downtown Indianapolis / May 2002...
February 28, 2002
Hotel Online News for the Hospitality Executive Dora Brothers Hospitality Corp. Building a Best Western in Downtown Indianapolis By William J. Booher, The Indianapolis Star Knight Ridder/Tribune Business News May 22--The name Best Western will join the list of Downtown lodgings when construction on a six-story, 108-room hotel is completed in March. Construction has begun on the Best Western Hotel & Suites on the southwest corner of Missouri and South streets. The Dora Brothers Hospitality Corp. of Anderson is developer and owner of the rising Best Western, just a block west of its 5 1/2-year-old, 143-room Comfort I...
Bruce Sherman's Investment Company Now Owns 35% of Marcus Corporation / May 2002...
February 28, 2002
Hotel Online News for the Hospitality Executive Bruce Sherman's Investment Company Now Owns 35% of Marcus Corporation By Rick Romell, Milwaukee Journal Sentinel Knight Ridder/Tribune Business News May 20--How does Bruce Sherman love the Marcus Corp.? Let us count the ways. He loves -- all right, he likes -- the company's hard assets, specifically, its array of real estate. He likes the management. He likes what he paid for Marcus stock. He likes the Milwaukee-based hotel and theater firm so much, in fact, that his investment company has accumulated, as of its most recent filing with securities regulators, a whop...
Hilton Hotels to Sell its Harrison Conference Center and University Hotel chain to Aramark for Approximately $55 million in Cash; The Transaction Incl
February 28, 2002
Hotel Online Special Report Hilton Hotels to Sell its Harrison Conference Center and University Hotel chain to Aramark for Approximately $55 million in Cash; The Transaction Includes Two Owned, Two Leased and Ten Managed Properties BEVERLY HILLS, Calif. - May 28, 2002- Hilton Hotels Corporation (NYSE:HLT) announced today that it has agreed to sell its Harrison Conference Center and University Hotel chain to Aramark (NYSE:RMK) for approximately $55 million in cash. The transaction includes two owned, two leased and ten managed assets. The transaction is expected to be completed by the end of the second...
Accor Testing Backpacker Hostels; Likely to Become New Brand / May 2002...
February 28, 2002
Hotel Online Special Report Accor Testing Backpacker Hostels; Likely to Become New Brand Australia and New Zealand to be testing ground for new backpacker brand 30 May 2002: Accor is to make its debut in the backpacker market, initially with three backpacker 'hostels' in Auckland, Rotorua and Wellington, and with a number of other sites under consideration in the rest of New Zealand and Australia. Accor will be the first major hotel group to enter the backpacker market and will do so with the aim of providing contemporary backpacker-style accommodation but with more consistent and reliable operations. Accor w...
Accor Reports Hotel Sales Up 1.4% for First Quarter – Hotel RevPAR by Country / May 2002...
February 28, 2002
Hotel Online Special Report -Accor Reports Hotel Sales Up 1.4% for First Quarter Hotel RevPAR by Country Paris, May 2, 2002 - Consolidated sales rose 0.9% to €1,667 million in the first quarter of 2002. Excluding asset disposals and the currency effect, sales increased by 2.7%. First Quarter 2002 Consolidated Sales Up 0.9% to €1,667 million (in € million) 2002 2001 Change Hotels 1,136 1,121 +1.4% Services 123 116 +6.0% Other activities 408 416 - 1.9% Total Group 1,667 1,652 +0.9% Reported gro...
William Anderson Named Chief Executive Officer of the Merged Island Outpost and Acacia Hotels & Resorts / May 2002...
February 28, 2002
Hotel Online Special Report William Anderson Named Chief Executive Officer of the Merged Island Outpost and Acacia Hotels & Resorts MIAMI BEACH, Fla. - May 9, 2002-- Island Outpost, a group of unique and exceptional hotel properties in Miami Beach, the Bahamas and Jamaica, today announced it will merge with Acacia Hotels and Resorts, a development, management and marketing company. Acacia's founder and CEO, William Anderson will be the new company's Chief Executive Officer. Acacia's current CFO, Bruce Campbell, will join the new company as its CFO. Jona Liebrecht, Island Outpost's current President, will shift his foc...
Adolf Fratton Named General Manager, LaSource, an All-inclusive Resort in Grenada / May 2002...
February 28, 2002
Hotel Online Special Report Adolf Fratton Named General Manager, LaSource, an All-inclusive Resort in Grenada St.George's Grenada (May 13, 2002) - Adolf Fratton has been named General Manager of LaSource, Grenada. The appointment is effective immediately and was made by Craig Barnard, President of SunSwept Resorts, which operates the 100-room resort. An industry veteran, Fratton comes to LaSource with 16 years experience managing major hotels in Canada and Grenada. Most recently, since 1997, he was General Manager at the Muskoka Sands Resort & ConferenceCenter in Ontario. Prior to this, he held the sam...
Andy Finn Named Senior Vice President, Sales for The Pinehurst Company / May 2002...
February 28, 2002
Hotel Online Special Report Andy Finn Named Senior Vice President, Sales for The Pinehurst Company VILLAGE OF PINEHURST, N.C. (May 6, 2002) The Pinehurst Company has announced the hiring of Andy Finn as Senior Vice President, Sales. In this capacity, Finn will oversee all national group and social sales efforts for the company as well as working with property sales executives to lead the sales teams at each resort. Andy Finn has a long and successful track record in the hospitality industry that has included leadership positions with some of the industrys most high-profile companies, including Hyatt Hotels...
Hilton Regains Leadership Position Among Seven Hotel Companies in American Customer Satisfaction Index / May 2002...
February 28, 2002
Hotel Online Special Report Hilton Regains Leadership Position Among Seven Hotel Companies in American Customer Satisfaction Index BEVERLY HILLS, Calif. - May 28, 2002-- Demonstrating its continued strength in the competitive hospitality business, Hilton Hotels Corporation has regained the leadership position in the hotel industry for customer satisfaction, according to the latest statistics from the American Customer Satisfaction Index (ACSI). The company's portfolio of 2,000 hotels, which includes Hilton(R), Doubletree(R), Embassy Suites Hotels(R), Hampton Inn(R), Hampton Inn & Suites(R), Hilton Garden Inn(R) an...
New Jersey Governor Outlines Plan to Revitalize Atlantic City Into Family Resort Destination / May 2002...
February 28, 2002
Hotel Online News for the Hospitality Executive New Jersey Governor Outlines Plan to Revitalize Atlantic City Into Family Resort Destination By Amy S. Rosenberg, The Philadelphia Inquirer Knight Ridder/Tribune Business News May 23--ATLANTIC CITY, N.J.--Seeking to mend fences with a casino industry furious over his proposal to tax rooms and meals "comped" to gamblers, Gov. McGreevey yesterday outlined a plan to revitalize Atlantic City into a "premier family resort destination." McGreevey pledged to clean up the Boardwalk and surrounding blighted streets, add 3,500 parking spots, improve traffic by making Pacific Aven...
