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Six Continents Hotels Appoints Thomas Murray as Area President, Midscale Operations, for North America / March 2002
January 30, 2002
Hotel Online Special Report advertisement Six Continents Hotels Appoints Thomas Murray as Area President, Midscale Operations, for North America ATLANTA, March 21, 2002 - Six Continents Hotels, Inc. today announced that Thomas P. Murray has been named area president, midscale operations, for the Company's managed group of hotels throughout North America. In this position, Murray will be responsible for managing the sales, marketing, financial performance and new business development of Six Continents Hotels' company-managed properties in the United States, Canada, Mexico and Central America. Murray will repor...
TIA Forecasts 4% Decline in Spring Pleasure Travel / March 2002
January 30, 2002
Hotel Online Special Report TIA Forecasts 4% Decline in Spring Pleasure Travel WASHINGTON, DC March 20, 2002 - According to the Travel Industry Association of Americas (TIA) Spring 2002 Travelometer, Americans will take 144.5 million pleasure person-trips during March, April and May 2002, a decrease of 4 percent over last spring. A person-trip is one person on one trip traveling 50 miles or more from home, one way. Despite the decline in travel this spring, the numbers arent as bad as we had feared, remarked William S. Norman, president and CEO of the Travel Industry Association of America. The go...
SynXis Corporation Promotes Three Company Officers in Preparation for Further International and Domestic Growth / March 2002
January 30, 2002
Hotel Online Special Report SynXis Corporation Promotes Three Company Officers in Preparation for Further International and Domestic Growth Hotel Reservation Management ASP Provider Gears Up for Explosive Growth McLean, Va. (March 5, 2002) SynXis Corporation, a provider of reservation management and distribution systems for the hospitality industry, headquartered in McLean, Va., today announced the promotion of three company officers in preparation for further international and domestic growth. In the past two months, SynXis has added more than 600 hotels to its reservation management ASP solution, said J...
SynXis Agent® Increases Design Hotels' Reservations 30 Percent / March 2002
January 30, 2002
Hotel Online Special Report SynXis Agent® Increases Design Hotels' Reservations 30 Percent Electronic Reservation Delivery System Doubles Designs Reservations In First Five Days McClean, VA March 16, 2002 SynXis Agent®, a complete Internet-based reservation delivery system, has increased Design Hotels reservation transactions by 30 percent in its first month of service and more than doubled the number of reservations in just their first five days after switching to SynXis technology. U.S.-based SynXis brings a full range of services that enhances Design Hotels ability to better service its 100 ...
Sunterra's Corporate Offices to Move to Las Vegas from Orlando; 160 Employees Impacted / March 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Sunterra's Corporate Offices to Move to Las Vegas from Orlando; 160 Employees Impacted By Todd Pack, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News Mar. 9--Sunterra Corp., the time-share operator whose meteoric growth in the late 1990s ended in financial collapse, is moving from Orlando to Las Vegas as part of a plan to emerge from bankruptcy court protection. Its corporate offices probably will leave the area by year's end, Chief Executive Officer Nick Benson said Friday. Although Orlando is considered the nation's time-share capital, Sunterra is movi...
Summit on Hospitality and Foodservice Technology – IH&RA Recap / March 2002
January 30, 2002
Hotel Online Special Report Summit on Hospitality and Foodservice Technology - IH&RA Recap March 1, 2002 - A Summit on Hospitality and Foodservice Technology convened by the International Hotel & Restaurant Association (IH&RA) gathered top marketing and information technology executives to discuss priorities and action steps for the coming years in response to the many events of the past year. The full day discussion, held during HOSTEC-EURHOTEC Exhibition and Conference organised at Earl's Court from February 4th to 8th in London, alongside Hotelympia, is the third such gathering of senior management and IT d...
Crestline Capital Corporation Takes the Majority Equity Position in 300-room Marriott in Sugar Land, Texas / March 2002
January 30, 2002
Hotel Online Special Report Crestline Capital Corporation Takes the Majority Equity Position in 300-room Marriott in Sugar Land, Texas BETHESDA, MD March 7, 2002 - Crestline Capital Corporation (NYSE: CLJ) announced its participation in the development and management of the 300-room Sugar Land Marriott Town Square and adjacent Sugar Land Conference Center now under construction in Sugar Land, Texas, an upscale community located 20 miles southwest of downtown Houston. Crestline will own the majority equity interest in the project and operate the hotel through its subsidiary, Crestline Hotels & Resorts. The ...
Intrawest Creating New Concept of Real Estate Ownership; Building Vacation Homes Sold in Shares of 10 for Five Weeks a Year / March 2002
January 30, 2002
Hotel Online Special Report Intrawest Creating New Concept of Real Estate Ownership; Building Vacation Homes Sold in Shares of 10 for Five Weeks a Year Whistler marks first location of many around the world VANCOUVER, March 13, 2002 - Intrawest Corporation today announced the launch of a new community concept to be developed and managed by a separate, wholly owned company called Storied Places. Plans for the new company call for the creation of small, exclusive neighborhoods of high-end resort homes where the benefits of owning a full-sized private residence are combined with limited commitment and personali...
American Skiing Company Retains Ownership of Steamboat Resort; Key Restructuring Component is the Sale of Heavenly Ski Resort / March 2002
January 30, 2002
Hotel Online Special Report American Skiing Company Retains Ownership of Steamboat Resort; Key Restructuring Component is the Sale of Heavenly Ski Resort NEWRY, Maine, March 26, 2002 - American Skiing Company (OTC Bulletin Board: AESK - news) announced today that it had entered into a definitive agreement to sell its Heavenly ski resort in South Lake Tahoe, California to Vail Resorts, Inc. The transaction, when closed, will complete the debt reduction component of the Company's previously announced restructuring program. The Company further reported that its Board of Directors had decided not to proceed with the sale of...
F.O. Stanley's Vision of Community Returns; Stanley Hotel Reopens the Doors of 93 Year-Old Concert Hall / March 2002
January 30, 2002
Hotel Online Special Report F.O. Stanley's Vision of Community Returns; Stanley Hotel Reopens the Doors of 93 Year-Old Concert Hall ESTES PARK, Colo., March 25, 2002 - The historic Stanley Hotel has long been an institution in the town of Estes Park. Freelan Oscar (F.O.) Stanley's vision of a large luxurious New England-style resort became a reality in the early 1900s and helped shape the community of Estes Park with the birth of the hotel, which led to a jumpstart in tourism as the community's livelihood. Once again the Stanley Hotel is following the tradition of its founding father by giving back to the community ...
Claremont Resort's 140 Spa Workers Trying to Form a Union / March 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Claremont Resort and Spa's 140 Spa Workers Trying to Form a Union By Herbert A. Sample, The Sacramento Bee, Calif. Knight Ridder/Tribune Business News Mar. 4--OAKLAND, Calif.--In what may be the genesis of a trend that could reach the comfy spas of Napa Valley, 140 massage therapists and other spa workers at the elegant Claremont Resort and Spa here are trying to form a union. The hotel, an 87-year-old landmark that straddles the border of Oakland and Berkeley, is resisting the effort. But that has prodded politicians in both cities to get involved on the side of the em...
About 150,000 College Students Are Expected to Converge on South Padre Island for Spring Break 2002 / March 2002
January 30, 2002
Hotel Online News for the Hospitality Executive About 150,000 College Students Are Expected to Converge on South Padre Island for Spring Break 2002 By Brenda Rodriguez, The Dallas Morning News Knight Ridder/Tribune Business News Mar. 11--SOUTH PADRE ISLAND, Texas--There is still fun in the sun. The party spirit endures. The participants have either arrived or should show up in the next few days. Welcome to Spring Break 2002. Still, the annual rite won't pass without at least some acknowledgment of the changes in the nation since Sept. 11. Authorities and analysts expect a more cost-conscious group of revelers who ...
Travelocity Purchases Site59 for $43 Million / March 2002
January 30, 2002
Hotel Online Special Report Travelocity Purchases Site59 for $43 Million FORT WORTH, Texas March 26, 2002 Significantly increasing its merchant model sales capabilities, Travelocity.com (NASDAQ: TVLY), today announced it has reached an agreement to purchase Site59.com, Inc., an online seller of last-minute merchant model air, hotel and rental car inventory. Site59 launched in May 2000 and was developed and backed by iFormation Group, a partnership between The Boston Consulting Group, Goldman Sachs and General Atlantic Partners. Travelocity.com said Site59 will broaden its focus to provide higher ...
Shilo Inns in Salt Lake City and the California Cities of Delano, Oakhurst and Pomona Filed for Chapter 11 Reorganization / March 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Shilo Inns in Salt Lake City and the California Cities of Delano, Oakhurst and Pomona File for Chapter 11 Reorganization By Boaz Herzog, The Oregonian, Portland, Ore. Knight Ridder/Tribune Business News Mar. 15--Four lodging properties operated by Shilo Inns filed for bankruptcy, reflecting the financial troubles facing the Portland-based hotel chain. Shilo Inns in Salt Lake City and the California cities of Delano, Oakhurst and Pomona filed for Chapter 11 reorganization Wednesday with the U.S. Bankruptcy Court in Portland. The privately held Shilo umbrella encompasse...
Shilo Inns Will Seek Bankruptcy Protection for 27 of its Hotel Properties / March 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Shilo Inns Will Seek Bankruptcy Protection for 27 of its Hotel Properties By Jeff Manning, The Oregonian, Portland, Ore. Knight Ridder/Tribune Business News Mar. 21--Hotel magnate Mark Hemstreet placed two more of his Shilo Inns into Chapter 11 bankruptcy Wednesday and will do the same for 21 more of his hotels next week. In all, 27 of the more than 45 Shilo Inns will seek bankruptcy protection from creditors, said Shilo Inns' bankruptcy lawyer, Brad Summers. Four other Shilo Inns, each of which operates as a separate legal entity, entered Chapter 11 bankruptcy March 13...
Sheraton Grand Resort Paradise Island Requires 6 Months to Prepare for Reopening Following Hurricane Michelle in November, 2001 / March 2002
January 30, 2002
Hotel Online Special Report Sheraton Grand Resort Paradise Island Requires 6 Months to Prepare for Reopening Following Hurricane Michelle in November, 2001 PARADISE ISLAND, The Bahamas, March 20, 2002 - The grand re-opening of the Sheraton Grand Resort Paradise Island will take place May 1, 2002, according to a resort official. "Our schedule right now is to get the hotel operational the very first day of May," said Alfred Gorlick, CHA, Vice President & General Manager of the 340-room beachfront property. The hotel has been closed since last November 6 after being struck by Hurricane Michelle. "It has taken q...
Shaner Moves for Fifty-One Percent of Interstate's Public Stock – Formal Tender Offer Launched After Interstate Scorns Shaner Proposals; Go
January 30, 2002
Hotel Online Special Report Shaner Moves for Fifty-One Percent of Interstate's Public Stock - Formal Tender Offer Launched After Interstate Scorns Shaner Proposals; Goal is to Restructure Management and Boost Shareholder's Value PITTSBURGH - March 27, 2002 - Shaner Hotel Group (SHG) today announced it is initiating an all-cash tender offer for 2,472,822 shares of Class A common stock of Interstate Hotels (Nasdaq:IHCO). Shaner, headquartered in State College, Pa., currently holds approximately 326,000 Class A shares, a 5.94 percent stake in Interstate. The tender offer is for about 45 percent of the Class A common stock...
Sal Shahriar Named Partner and VP of Operations for Hersha Hospitality Management Company / March 2002
January 30, 2002
Hotel Online Special Report Sal Shahriar Named Partner and VP of Operations for Hersha Hospitality Management Company March 18, 2002 - Pennsylvania-based Hersha Hospitality Management Company has named Sal Shahriar as a partner and vice president of operations, responsible for day-to-day field operations at the 25 hotels owned and operated by the company in Pennsylvania, New York, Maryland, and Georgia. For the past six years, Shahriar has Sal Shahriar served with Six Continents as senior director of field services for the northeast, with oversight for more than 600 hotels. He has also held senior...
Sentiment Towards Hotel Industry Outlook in Europe Shifts Dramatically / Andersen / March 2002
January 30, 2002
Hotel Online Special Report Sentiment Towards Hotel Industry Outlook in Europe Shifts Dramatically London 8 March 2002 - The 29th European Hotel Managers Association (EHMA) annual congress was recently held in Amsterdam. Andersen, the leading advisor to the international hotel industry released performance data for 2001 and also took the opportunity to poll the audience on their views as to the outlook for the industry. This revealed that a significant shift in sentiment has occurred since the gloomy days following September 11. A similar poll held at the 13th Annual European Hotel Investment conference ...
More than 50 Chicago Chefs Drop Chilean Sea Bass from Menus; Boycott Hopes to Stabilizes the Fish Population / March 2002
January 30, 2002
Hotel Online News for the Hospitality Executive More than 50 Chicago Chefs Drop Chilean Sea Bass from Menus; Boycott Hopes to Stabilizes the Fish Population By Julie Deardorff, Chicago Tribune Knight Ridder/Tribune Business News Mar. 27--Following the success of a boycott to save swordfish, more than 50 Chicago-area chefs will pledge Wednesday to drop the trendy Chilean sea bass from their menus until its population stabilizes in about five years. Fish-loving Americans are being asked to "Take a Pass on Chilean Sea Bass," a snow-white, flaky delicacy that is overfished and illegally poached and could vanish from the ...
January's Bed Tax in Santa Barbara, CA Down 11% to Last Year; A Continuing Trend / March 2002
January 30, 2002
Hotel Online News for the Hospitality Executive January's Bed Tax in Santa Barbara, CA Down 11% to Last Year; A Continuing Trend By Maria Zate, Santa Barbara News-Press, Calif. Knight Ridder/Tribune Business News Mar. 5--Fewer overnight guests checked into Santa Barbara hotels in January, continuing a declining trend that has put a crimp in the city's finances. The city collected $510,000 in transient occupancy tax (also called "bed tax") for January, the most recent month for which data is available. This total is 11 percent less than the $578,703 the city collected for the same month last year. January's 11 pe...
The Under Construction San Jose Marriott Designs Web Site to Meet the Standards of the Technologically Sophisticated Clientele / March 2002
January 30, 2002
Hotel OnlineSpecial Report The Under Construction San Jose Marriott Designs Web Site to Meet the Standards of the Technologically Sophisticated Clientele 506-Room Luxury Business Hotel Due To Open in January 2003 SAN JOSE, Calif. (March 25, 2002) The San Jose Marriott, currently under construction at West San Carlos and South Market streets, directly adjacent to the San Jose McEnery Convention Center, announced the launch of its state-of-the-art Web site with interactive features and technologically advanced video designed specifically to meet the standards and expectations of the technologically sophisticated ...
Concrete to Cash: Real Estate Sale-Leasebacks in the Lodging Sector / Jones Lang LaSalle Hotels / March 2002
January 30, 2002
Hotel Online Special Report March 2002 By Anwar Elgonemy Jones Lang LaSalle Hotels - Miami Introduction In the current economic downturn, businesses need to raise cash and to cut debt. As equity investors and bank lenders grow more scarce, companies, primarily those with low credit ratings, can no longer afford the risk premiums demanded by those sources of capital. Companies that have limited access to debt and equity markets are typically the firms opting for real estate-based financing and off-balance sheet financing. Given the financial contagion emanating from September 11, offloading non-core assets, such a...
Saundra McLean Named Director of Sales for the Plaza Inn and Suites in Ashland, Oregon / March 2002
January 30, 2002
Hotel Online Special Report Saundra McLean Named Director of Sales for the Plaza Inn and Suites in Ashland, Oregon Ashland, OR -- February 26, 2002 - The Hotel Group is pleased to welcome Saundra McLean as Director of Sales for the Plaza Inn and Suites at Ashland Creek in Ashland, located at 98 Central Avenue. Her responsibilities will include developing and executing sales and marketing plans, guest reservations, and budget monitoring for the opening of the hotel. Although new to The Hotel Group, this will be the second hotel that Saundra has helped open. She has worked for brand name hotels in both ...
