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November 4th, 2024
Euro's Impact on the U.S. Hospitality Industry Dependant on How the New Currency Fares Against the US Dollar / Jan 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Euro's Impact on the U.S. Hospitality Industry Dependant on How the New Currency Fares Against the US Dollar The Miami Herald Tourism Column By Cara Buckley, The Miami Herald Knight Ridder/Tribune Business News Dec. 31--THE EURO, TOURISM AND MACRO-ECONOMICS: The euro is coming! The euro is coming! And it's expected to impact tourism in mixed ways. Starting tomorrow, 12 European countries will begin pulling old currency and introducing the new euro, a process that will continue until July 2002. According to Anwar Elgonemy, an associate with the hotels division o...
Panel at Massachusetts Lodging Association Annual Conference Addresses Why E-commerce is Important in the Travel Industry / Jan 2002
January 30, 2002
Hotel Online .Special Report Panel at Massachusetts Lodging Association Annual Conference Addresses Why E-commerce is Important in the Travel Industry Boston MA (January 28, 2002) - The Prism Partnership assembled a panel of senior hospitality technology executives to present a session on "E-Business is Your business" to hoteliers attending the Massachusetts Lodging Association Annual Conference. Prism positioned the discussion as a holistic look at where e-commerce fits in the strategic planning process as hotels try to recover lost business and revenues. To accomplish that objective the Prism Partnership...
Extended Stay America Reports Occupancy Decline of 15.3 % for the 4th Qtr; Plans to Build 15 Properties Costing approximately $150 million during 2002
January 30, 2002
Hotel Online .Special Report Extended Stay America Reports Occupancy Decline of 15.3 % for the 4th Qtr -- Plans to Build 15 Properties Costing Approximately $150 million during 2002 SPARTANBURG, S.C.- Jan. 21, 2001-- Extended Stay America, Inc. (NYSE:ESA), a leading provider of extended stay lodging, today reported the results of its operations for the three months and twelve months ended December 31, 2001. Reflecting the impact on travel resulting from the events of September 11 and the slowing of the US economy, net income for the fourth quarter was $7.5 million or $0.08 per diluted share compared with $...
HSMAI Travel Industry Awards Will Include Hotel Property Selected as E-Marketer of the Year / Jan 2002
January 30, 2002
Hotel Online Special Report HSMAI Travel Industry Awards Will Include Hotel Property Selected as E-Marketer of the Year TravelCLICK Sponsors E-Marketer of the Year Award Presented at HSMAI Gala Awards Dinner, January 29, 2002 CHICAGO (January 2, 2002) - TravelCLICK has developed a new award category and debuts the E-Marketer of the Year Award in conjunction with the Hotel Sales & Marketing Association International's (HSMAI) Annual Travel Industry Awards program. The premiere award will be presented at the HSMAI Gala Awards Dinner on January 29, 2002. The winning hotel property will be selected on the basis of...
The Long-anticipated Opening the 1,000-room Westin Diplomat Resort & Spa Scheduled for Jan. 31 / Jan 2002
January 30, 2002
Hotel Online Special Report The Long-anticipated Opening the 1,000-room Westin Diplomat Resort & Spa Scheduled for Jan. 31 HOLLYWOOD, FL, Jan. 10 -- The long-anticipated opening the 1,000-room Westin Diplomat Resort & Spa is now scheduled for Jan. 31 for the hotel and Feb. 10 for an adjacent 209,000-square-foot Convention Center with a 50,000-square-foot, unobstructed Great Hall, four ballrooms and multilevel parking garage, the Hollywood, Fl., resort announced today. A formal ribbon cutting for both will be in late February. The openings mark the most extensive and technologically sophisticated resort to be launched i...
Westin Diplomat Resort and Spa Problems with Construction Have Become the Stuff of Legend / Jan 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Westin Diplomat Resort and Spa Problems with Construction Have Become the Stuff of Legend By Elena Cabral and Cara Buckley, The Miami Herald Knight Ridder/Tribune Business News Jan. 28--Nearly four years after it began with a bang -- the thunderous implosion of its famed but faded predecessor -- the Westin Diplomat Resort and Spa plans a muted debut this week. No marching bands, no pizzazz, no star-studded marquee like the old Diplomat in its heyday. Just a low-key "soft opening" Thursday, with a ribbon-cutting scheduled weeks later. But count on this: The shiny, opul...
Judging Panel Finalised for Hotel Oscars / Jan 2002
January 30, 2002
Hotel Online .Special Report Judging Panel Finalised for Hotel "Oscars" 28 January 2002 - A distinguished international line-up of hoteliers, designers, consultants and restaurateurs will form the judging panel for the second Depa Middle East Hotel Awards, which will take place at an Oscars style gala ceremony at the Semiramis Inter-Continental Hotel in Cairo on 18th April 2002. The awards - which are open to any five-star hotel in the region - are sponsored by hotel design and construction specialists Depa Hotel Interiors, and celebrate the achievements of the Middle Easts dynamic hospitality indust...
Occupancy in Denver Area's 32,850 Hotel Rooms Fell to 62% in 2001, Lowest Level in Decade / Jan 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Occupancy in Denver Area's 32,850 Hotel Rooms Fell to 62% in 2001, Lowest Level in Decade By Mark P. Couch, The Denver Post Knight Ridder/Tribune Business News Jan. 15--Denver's hotel occupancy rate fell to its lowest level in a decade in 2001, according to a study released Monday by a leading hotel consultant. "Corporate travel has been down, probably since the end of the first quarter last year," said John Everett, hotel manager for the Westin Tabor Center. "Then it took a big nose-dive in September, and it has been slow to come back." Occupancy in the Denver a...
Kenneth A. Himmel, Lead Developer for Victory – the $600 million Redevelopment Project Near Downtown Dallas; Envisions a W Hotel / Jan 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Kenneth A. Himmel, Lead Developer for Victory - the $600 million Redevelopment Project Near Downtown Dallas; Envisions a W Hotel By Alan Goldstein, The Dallas Morning News Knight Ridder/Tribune Business News Jan. 22--NEW YORK--The steel skeleton rising over Columbus Circle almost certainly is destined for landmark status on the Manhattan skyline. When it's completed next year, the AOL Time Warner Center will house the headquarters and television studios of a media giant. With a luxury hotel, performance halls, stores and restaurants, the project aims to be an anchor ...
Boyd Gaming Corp. Marketing Boss Dan Stark Discusses Post-Sept. 11 Challenge / Jan 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Boyd Gaming Corp. Marketing Boss Dan Stark Discusses Post-Sept. 11 Challenge Las Vegas Review-Journal Nevadan At Work Column By Dave Berns, Las Vegas Review-Journal Knight Ridder/Tribune Business News Dec. 30--Boyd Gaming Corp. marketing boss Dan Stark faces a post-Sept. 11 challenge that has perplexed marketers throughout the country. Quite simply, he must drive foot traffic through the company's Stardust, Sam's Town, Main Street Station and other area hotel-casinos without violating good taste in an extremely sensitive cultural environment. There's no clear-cut ...
Peebles Atlantic Development Corp Set to Open the $84 million Royal Palm Crowne Plaza in Miami Beach / Jan 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Peebles Atlantic Development Corp Set to Open the $84 million Royal Palm Crowne Plaza in Miami Beach By Cara Buckley, The Miami Herald Knight Ridder/Tribune Business News Jan. 13--Five years after netting the deal, eight years after the 1,000-day black tourist boycott of Miami was lifted, R. Donahue Peebles has finally made good on his promise to build a black-owned hotel in Miami Beach. "The opening of our hotel allows Miami-Dade to say to the African-American community, locally and nationally, that a promise was made and a promise is being kept," said Peebles, 41, pres...
Profile: Las Vegas Security Manager; Matching Wits with Crooks / January 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Profile: Las Vegas Security Manager; Matching Wits with Crooks Las Vegas Review-Journal Nevadan At Work Column By Chris Di Edoardo, Las Vegas Review-Journal Knight Ridder/Tribune Business News Jan. 13--Over the last 26 years, Douglas Florence Sr. has matched wits with card counters, flimflam men, stickup artists, gangsters and others who dream of separating local casinos from their money the old-fashioned way -- by stealing it. And his whole career began with a hapless shoplifter. "There used to be a department store where the Harley-Davidson dealership on Eastern...
David S. Feder Named President of Boca Resorts, Inc. / Jan 2002
January 30, 2002
Hotel Online .Special Report David S. Feder Named President of Boca Resorts, Inc. FORT LAUDERDALE, Fla., Jan. 23, 2002 - David S. Feder has been promoted President and Chief Operating Officer of Boca Resorts, Inc. (NYSE: RST). In his new position, Feder will be responsible for all company operations. Most recently Feder served as a Corporate Senior Vice President Resort Operations. Feder replaces Richard C. Rochon who has resigned and announced plans to start a private equity investment and management company. Rochon will continue serving as Vice Chairman of the Boca Resorts, Inc. Board of Directors. The a...
The Wyndham Atlanta Promotes Debra Edwards to Director of Sales / Jan 2002
January 30, 2002
Hotel Online Special Report The Wyndham Atlanta Promotes Debra Edwards to Director of Sales ATLANTA - Jan. 3, 2002-- The Wyndham Atlanta, located in the heart of downtown, announced today the promotion Debra Edwards to director of sales. Edwards' promotion is aimed to invigorate the hotel's current and future sales efforts and generate additional meeting and convention business for the 312-room property. A member of the Wyndham Atlanta team since the property's opening in June 1999, Edwards has helped establish the hotel as a major meeting facility for many of Atlanta's top corporate leaders. During he...
Do You Know Where Your Hotel is in Cyberspace? / Max Starkov and Jason Price / Jan 2002
January 30, 2002
Hotel Online Special Report Do You Know Where Your Hotel is in Cyberspace? By Max Starkov and Jason Price January 2002 How can hoteliers deal successfully with today's challenges and emerge as winners from the present travel and economic downturn? Smith Travel Research forecasts full-year 2001 U.S. hotel occupancy at 60.7%, down 4.7 percent from last year. RevPAR for the year is expected to be down 4.3 percent and ADR to be at 2000 level or lower. PricewaterhouseCoopers categorizes this as " the worst performance in 33 years". The Internet can be your best ally -- your eDistribution strategy can play a major r...
Holiday Inn Eagan, Minnesota ReFlagged Crowne Plaza Brand Following a Complete Renovation / Jan 2002
January 30, 2002
Hotel Online .Special Report Holiday Inn Select Eagan, Minnesota Reflagged Crowne Plaza Brand Following a Complete Renovation ATLANTA (January 22, 2002) - The Crowne Plaza Minneapolis Airport/Eagan joins the Crowne Plaza brand following a complete renovation of all guestrooms and public areas of the property. One of ten Crowne Plaza hotels to open over the next six months, the 187-room hotel is conveniently located just minutes from the Minneapolis/St. Paul International Airport, one of the largest business parks in the Twin Cities, and the Mall of America (the largest fully- enclosed retail and family en...
Remington Hotel Corporation Completes $8 million Renovation of 258-room Crowne Plaza Beverly Hills, Formerly Holiday Inn Select / Jan 2002
January 30, 2002
Hotel Online Special Report Remington Hotel Corporation Completes $8 million Renovation of 258-room Crowne Plaza Beverly Hills, Formerly Holiday Inn Select Addition Brings Los Angeles Area Crowne Plaza Hotels to Six ATLANTA (Jan. 16, 2002) - Six Continents Hotels announces the addition of the newly refurbished 258-room Crowne Plaza Beverly Hills to its portfolio of upscale hotels, one of ten Crowne Plaza hotels to open over the next six months. The hotel's owner, Remington Hotel Corporation, has just completed an $8 million renovation encompassing all guestrooms and public areas. With its premiere Beverly Hills...
Crestline Capital Corporation Completes Sale of 31 Senior Living Mommunities to Senior Housing Properties Trust for $600 million / Jan 2002
January 30, 2002
Hotel Online Special Report Crestline Capital Corporation Completes Saleof 31 Senior Living Mommunities to Senior Housing Properties Trust for $600 million BETHESDA, MD, January 11, 2002 Crestline Capital Corporation (NYSE:CLJ) announced that it has closed on the previously announced sale of its portfolio of 31 senior living communities to Senior Housing Properties Trust (NYSE: SNH), a real estate investment trust (REIT) based in Newton, Massachusetts. Total consideration for the transaction was $600 million. The Company provided $25 million of seller financing to SNH. The note has a 10% inter...
Songy Partners and Crestline Resurrect Blighted Property into 160-suite Residence Inn in Midtown Atlanta / Jan 2002
January 30, 2002
Hotel Online Special Report Songy Partners and Crestline Resurrect Blighted Property into 160-suite Residence Inn in Midtown Atlanta BETHESDA, MD January 9, 2002 - Crestline Hotels & Resorts opened the 160-suite Residence Inn in midtown Atlanta. Crestline manages the hotel, located at 1365 Peachtree Street, under a long-term management agreement. With this opening Crestline manages eight properties in the Atlanta metropolitan market, including full-service hotels and conference centers and three Residence Inns. Dave Durbin, Crestlines Chief Operating Officer, stated This is the third pro...
Sale of the Royal Connaught Hotel in Hamilton Enables AFM to Focus on Core Business of Hotel Franchising and Management / Jan 2002
January 30, 2002
Hotel OnlineNews for the Hospitality Executive TORONTO - Jan. 17, 2002-- AFM Hospitality Corporation (TSE:AFM.) announced today that its wholly-owned subsidiaries, Kelloryn Holdings Inc. and Kelloryn Hotels (Hamilton) Inc., executed an agreement on December 31, 2001 with Canmac Hotels Corporation ("Canmac") for the sale of the Royal Connaught Hotel in Hamilton, Ontario. This transaction marks the completion of AFM's strategic decision in 1997 to divest real estate in order to focus exclusively on hotel franchising, management and related services as a relatively low risk, less capital-intensive business model. AFM Hospitality int...
Hard Times Take Toll on Tipping in Chicago's Service Industry / Jan 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Hard Times Take Toll on Tipping in Chicago's Service Industry Chicago Tribune Knight Ridder/Tribune Business News Jan. 2--The Chinese zodiac may have identified 2001 as the year of the snake, but those in the service sector knew it as the year of the thin envelope. The holiday season is the traditional time for customers to say "thank you" to those who style their hair, park their cars, hail cabs for them and generally make life a bit easier throughout the year. But the economic downturn has made for slim pickings, according to those on the front lines. "It's not lik...
Charlotte CVB Trims Operating Budget by 21%, Saving $1.4 million / Jan 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Charlotte CVB Trims Operating Budget by 21%, Saving $1.4 million By Ellison Clary, The Charlotte Observer, N.C. Knight Ridder/Tribune Business News Jan. 4--Two organizations that promote Charlotte to businesses and tourists find themselves paring their staffs as business and tourism slow. The Charlotte Convention & Visitors Bureau announced Thursday it is cutting four full-time jobs and six part-time positions to trim its budget by 21 percent. That will save $1.4 million of the bureau's $6.5 million budget, which relies heavily on the county's hotel occupancy tax. The t...
2001 Canadian Hotel Sales / Canadian Lodging Outlook / Jan 2002
January 30, 2002
Hotel Online Special Report 2001 Canadian Hotel Sales CANADIAN LODGING OUTLOOK November 2001 November 2001 Year-to-Date The Canadian Lodging Outlook is a joint monthly publication of Smith Travel Research and HVS International, Vancouver and Toronto, Canada By: Elizabeth D. MacDonald, MAI, AACI and Eric S. Pateman - HVS International - Canada January 2002 In 2001, 40 hotels sold in Canada, a decline when compared to the 48 transactions that took place in 2000. Total investment was approximately $650 million for 6,405 rooms, or $101,610 per room. Of the 40 transactions, the vast majority of them took place ...
Vacant Camelot Inn in Tulsa Sold for $5.1 million; Hotel Contents, Including More than 10,000 Items, to be Liquidated / Jan 2002
January 30, 2002
Hotel Online News for the Hospitality Executive Vacant Camelot Inn in Tulsa Sold for $5.1 million; Hotel Contents, Including More than 10,000 Items, to be Liquidated By Dana Simon, Tulsa World, Okla. Knight Ridder/Tribune Business News Jan. 19--The prospective new owner of the Camelot Inn formally announced plans for the 40-year-old hotel Friday, detailing a proposed independent senior living community. The 166-000-square-foot, eight-story structure will be called Camelot at Brookside. Steve Pereff of Country Charm Development in Bixby said the 5.9-acre property at 4956 S. Peoria Ave., just north of Interstate 44,...
