Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
Indiana State House Amends Dockside Gambling Bill to Require the Riverboats to Reimburse the State for the Cost of Providing Healthcare to Uninsured C
January 30, 2002
Hotel Online Special Report Indiana State House Amends Dockside Gambling Bill to Require the Riverboats to Reimburse the State for the Cost of Providing Healthcare to Uninsured Casino Workers INDIANAPOLIS - After an intensive lobbying blitz by riverboat casino workers, the Indiana State House of Representatives amended the dockside gambling bill to require the riverboats to reimburse the state for the cost of providing healthcare to uninsured workers and their dependents. The amendment to SB 333 passed by a vote of 69 to 23 Monday afternoon on the bills second reading. The Public Healthcare Reimbursement A...
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January 30, 2002
Hotel Online Special Report Hotel Development Pipeline Falls to Lowest Point Since Early 90s PORTSMOUTH, NH February 14, 2002 - The Pipeline for new hotel development dropped to the lowest level since the early 90s in the fourth quarter of 2001, Lodging Econometrics (LE) reported this week in its 4Q Guidance Memorandum to clients. With 2,328 projects and 314,185 rooms in the Total Development Pipeline, room counts represent a 10.4% quarter-to-quarter decline and a 28% drop since January 2001. The declines were in all stages of development and across all Chain Scales except for independent, non-branded hotel...
Canadian Hotel Income Properties REIT to Acquire the 453-room Delta Montreal for Approximately $48 million / Feb 2002...
January 30, 2002
Hotel Online Special Report Canadian Hotel Income Properties REIT to Acquire the 453-room Delta Montreal for Approximately $48 million VANCOUVER, BC (February 14, 2002) - Canadian Hotel Income Properties Real Estate Investment Trust (CHIP REIT) announced February 12 that it has entered into a definitive agreement to acquire the 453-room Delta Montreal hotel in downtown Montreal. The hotel will be managed by the company's subsidiary CHIP Hospitality. The purchase price for the hotel is approximately $48 million and is subject to financing and regulatory approval. The acquisition is expected to close in late-Ma...
The Hard Rock Hotel and Casino in Las Vegas Names Don Marrandino President & Chief Operating Officer / Feb 2002...
January 30, 2002
Hotel Online Special Report The Hard Rock Hotel and Casino in Las Vegas Names Don Marrandino President & Chief Operating Officer Yale Rowe Is Also Named Vice President of Marketing For The Hard Rock Hotel and Casino LAS VEGAS, Feb. 26, 2002 - Peter Morton, Chairman of the Hard Rock Hotel and Casino (The Company) in Las Vegas, announced today that Don Marrandino has been named President & Chief Operating Officer of his Las Vegas resort. He will oversee all day-to-day operations of the company and will work closely with Morton. Marrandino, most recently President of Station Casinos EAST in Las Vegas (...
Trump Hotels & Casino Resorts Reports Net Loss for the Year Ended December 31, 2001 of $1.15 per Share; Reiterates Need to Restructure Terms of $1.7
January 30, 2002
Hotel Online Special Report Trump Hotels & Casino Resorts Reports Net Loss for the Year Ended December 31, 2001 of $1.15 per Share; Reiterates Need to Restructure Terms of $1.7 billion in Public Debt NEW YORK - Feb. 15, 2002 - Trump Hotels & Casino Resorts, Inc. (``THCR'' or the ``Company'') (NYSE: DJT) today reported earnings and EBITDA for the quarter and the year ended December 31, 2001. THCR's EBITDA (earnings before interest, taxes, depreciation, amortization, CRDA and corporate expenses) for the year ended December 31, 2001 increased to $270.3 million from $250.8 million for the year ended December 31, 200...
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January 30, 2002
Hotel Online Special Report The 247 year-old Hotel DAngleterre Receiving Refurbishment in Back of the House Areas Copenhagen - February 2002 - In our continued effort to secure Hotel DAngleterres position in the absolute elite of the best hotels in Europe, the Remmen Hotels is currently undertaking a major refurbishment of the technical installations at this distinguished 247 year-old hotel. In particular, the air-conditioning system at Hotel DAngleterre will be replaced by one of the most advanced air-conditioning systems on the market today. The system will be installed in all hotel rooms and suite...
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January 30, 2002
Hotel Online Special Report Cousins Properties Named by the Irving City Council to Serve as Development Manager for Phase I of the Citys Planned $100 million Convention Center IRVING, Texas Feb. 26, 2002 - The Irving City Council has unanimously approved a contract with Cousins Properties to serve as development manager for Phase I of the citys planned $100 million convention center. Cousins, which has served as interim development manager since last September, will begin working under the newly approved contract immediately. Cousins brings a wealth of knowledge to this project, not only project manageme...
Council Travel Services, the Largest Student Travel Agency in the U.S., Files for Chapter 11 / Feb 2002...
January 30, 2002
Hotel Online News for the Hospitality Executive Council Travel Services, the Largest Student Travel Agency in the U.S., Files for Chapter 11 By Bruce Mohl, The Boston Globe Knight Ridder/Tribune Business News Feb. 19--The multibillion-dollar student travel industry, shaken by the tourism slowdown after the terrorist attacks of Sept. 11, is in turmoil following the recent bankruptcy of the largest student travel agency in the country. Without alerting its customers, Council Travel Services of New York, filed for Chapter 11 bankruptcy protection on Feb. 5, owing its 20 largest creditors more than $21 million. Student ...
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January 30, 2002
Hotel Online Special Report Cornell University School of Hotel Administrations Office of Executive Education Announces 2002 Courses, Highlighting Professional Development Program (PDP) In a Challenging Year for the Hotel Industry and the Economy, Cornells PDP Provides Essential Tools for Success February 12, 2001, ITHACA The Cornell University School of Hotel Administrations Office of Executive Education is proud to announce an impressive array of hospitality management courses for 2002, highlighting seventeen Cornell Certifications being offered during the Professional Development Program (PDP) for ...
Private Hotel Operators Not Excited About the University of Missouri-Columbia Plan for a Hotel and Convention Center / Feb 2002...
January 30, 2002
Hotel Online News for the Hospitality Executive Private Hotel Operators Not Excited About the University of Missouri-Columbia Plan for a Hotel and Convention Center By Andrew Waters, Columbia Daily Tribune, Mo. Knight Ridder/Tribune Business News Feb. 19--From the perspective of the University of Missouri-Columbia, a plan to put a hotel and convention center on the southeast corner of campus makes perfect sense. The idea is to lease vacant land northwest of College Avenue and Stadium Boulevard to a private hotel developer and use the proceeds to kick off a campaign for an adjacent performing arts center, which is i...
Canadian Hotel Investment Report 2002 – Colliers International Hotels / Feb 2002...
January 30, 2002
Canadian Hotel Investment Report 2002 Colliers International Hotels INTRODUCTION: In order to properly assess todays hotel investment market, it is important to look back when the market peaked four years ago. After a six year runup in values and transaction activity, the Canadian lodging industry slowed by mid-1998 when the capital markets collapsed and there was speculation of a North American economic recession. While a nervous Wall Street brought hotel investment to a near standstill, Canadian hotels continued to prosper and most major markets witnessed RevPAR growth in 1999 and 2000, albeit at a slower pace tha...
Stephen Cloobeck Planning a $240 million 850 Unit Time-Share Project in Las Vegas / Feb 2002...
January 30, 2002
Hotel Online News for the Hospitality Executive Stephen Cloobeck Planning a $240 million 850 Unit Time-Share Project in Las Vegas By Jeff Simpson, Las Vegas Review-Journal Knight Ridder/Tribune Business News Feb. 15--Polo Towers owner Stephen Cloobeck announced Thursday that he plans to build a $240 million time-share complex across from the Aladdin on Harmon Avenue. Construction of the 30-story, 850-unit project, named The Chateau, is slated to begin in 2004, and Cloobeck expects it to be the best time-share property in the world. "When it comes to quality of time-share product, we're going to raise the bar again," s...
The Outlook for the U.S. Hospitality Sector How and When Will Recovery Begin? / Andersen / Feb 2002...
January 30, 2002
Andersen Hospitality and Leisure Executve Report Winter Spring 2002 By Roger S. Cline, Andersen, New York Winter 2002 How Far is Down? The Sept.11 meeting of the New York Hospitality Council began as it usually does, high up in the Rainbow Room at 30 Rockefeller Center in midtown Manhattan, with an 8 a.m. breakfast get-together of hospitality industry leaders. We were about to embark on a roundtable discussion on How Far is Down? The Outlook for Hospitality. The topic had been selected because of our increasing concerns with the U.S.recession that had actually started six months earlier. While the meeting began uneventful...
CARINO Collection is Launched; Sales and customer information company helps hotels build business / February 2002...
January 30, 2002
CARINO Collection is Launched Sales and customer information company helps hotels build business through a new generation of fully automated sales and management solutions Will cold calls become a thing of the past for hotel sales professionals?? February 19, 2002, New York, NY . . . . Joseph Carino, Jr., today announced the launch of the CARINO Collection, a full service sales and customer information company that helps hotels build business by connecting them to corporate, group and leisure customers. In addition to a proprietary database of client profile information that provides a revolutionary new...
2001 Was a Great Year If You Were in Edmonton! / December 2001 Year-to-Date Results / Canadian Lodging Outlook / Feb 2002...
January 30, 2002
Hotel Online Special Report 2001 Was a Great Year If You Were in Edmonton! CANADIAN LODGING OUTLOOK December 2001 December 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 - HVS International - Canada Canadas year end occupancy was 60.3%, down from 62.3% in 2000. Hotel room night demand was down 3.2%; however, the average room rate was up by exactly 3.2%, from $99.67 in 2000 to $102.84 in 2001. Prior to September 11th, the Canadian hotel market was already experien...
Callaway Gardens New $12.6 million Conference Center Departs from the Traditional; Designed to Blend in with the Forest / Feb 2002...
January 30, 2002
Hotel Online Special Report Callaway Gardens New $12.6 million Conference Center Departs from the Traditional; Designed to Blend in with the Forest PINE MOUNTAIN, Ga. (Feb. 20, 2002) -- The architects of the new conference center at Callaway, The Southern Pine, have made nature the main attraction. The $12.6 million facility blends the land management and architectural concepts of renowned Callaway Master Planner Robert Lamb Hart with the conference center design acumen of Atlanta-based Rabun Hogan Ota Rasche (RHOR). The resulting 54,000-square-foot executive-level facility is a meeting and function space th...
The Resort at Callaway Pursuing Plans to Build a New Hotel, Private Golf Club and Condominiums / Feb 2002...
January 30, 2002
Hotel Online Special Report The Resort at Callaway Pursuing Plans to Build a New Hotel, Private Golf Club and Condominiums PINE MOUNTAIN, GA (2/25/02) - The Resort at Callaway is pursuing plans to build a new hotel, private golf club and condominiums. The Southern Pine Lodge, Club and Club Homes will be on the site of the current Mountain View Pro Shop, between Mountain View golf course and Mr. Casons Vegetable Garden. The project is an estimated $30 million capital investment. The luxurious Southern Pine Lodge will provide 100 rooms, several meeting rooms, a restaurant, exercise facilities, massage treat...
2002 California Lodging Forecast / Ernst & Young / Feb 2002...
January 30, 2002
Hotel Online Special Report 2002 California Lodging Forecast Ernst & Young LLP Top Ten Thoughts Los Angeles Lodging Forecast Orange County Lodging Forecast San Francisco Lodging Forecast San Diego Lodging Forecast Regional Markets OVERVIEW What a difference a year makes! After a record-breaking year in 2000, 2001 proved to be a very challenging year for California's economy. With the US economy officially entering a recession period in March 2001, the combination of a power crisis that cost the state $9 billion, the implosion of the dot-com sector, and the negative economic impact of the terrorist attacks have ...
Six Continents Hotels Appoints Chris Ward as Vice President, Strategy / Feb 2002...
January 30, 2002
Hotel Online Special Report Six Continents Hotels Appoints Chris Ward as Vice President, Strategy February 14, 2002 - Six Continents Hotels Inc., one of the world's leading hotel companies, announced today that Chris Ward has been named vice president of strategy and a member of the Americas management committee. In this role, Ward will have responsibility for developing and implementing the company's regional five-year plan. He will also be responsible for supporting Six Continents Hotels' global strategic initiatives. Ward will be based in Atlanta and will report directly to John Sweetwood, president, Americas, Si...
CNL Real Estate Empire Built on Careful Choices / Feb 2002...
January 30, 2002
Hotel Online News for the Hospitality Executive CNL Real Estate Empire Built on Careful Choices By Jack Snyder, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News Feb. 24 -- Jim Seneff is no stranger to recession. When he started his first business in 1973, the economy was in a downturn. And he was expanding his business during the country's previous recession, in 1990-91. Now the country is in another recession, but Seneff's outlook is still sunny. Having started all those years ago with a $5,000 loan, he has built an empire, both privately held and publicly traded, that has amassed more than $5 bi...
Chris Hales, Hales, GM at Radisson Hotel Toronto-Markham Named Top General Manager by Radisson Hotels & Resorts; Jose Diaz, Radisson Hotel Winnipeg Do
January 30, 2002
Hotel Online Special Report Chris Hales, Hales, GM at Radisson Hotel Toronto-Markham Named Top General Manager by Radisson Hotels & Resorts; Jose Diaz, Radisson Hotel Winnipeg Downtown Bellperson Named 2001 Employee Of The Year February 27, 2002 - Canadian Radisson Hotels & Resorts made their presence known at the 2002 Annual Business Conference for Carlson Hospitality Worldwide (Radissons parent company), held last week in Las Vegas, Nevada when they demonstrated the Power of One and received two of the global hotel companys top awards. Chris Hales, general manager of the Radisson Hotel Toronto-Mark...
Caribbean Hotel & Tourism Investment Conference April 23-25, 2002, Puerto Rico, Takes Deal Making to a New Level / Feb 2002...
January 30, 2002
Hotel Online Special Report Caribbean Hotel & Tourism Investment Conference April 23-25, 2002, Puerto Rico, Takes Deal Making to a New Level SAN JUAN, Puerto Rico (February 11, 2002) The 6th Annual Caribbean Hotel & Tourism Investment Conference (CHTIC) 2002, will be held April 23-25, 2002, at the Westin Rio Mar Beach Resort in Puerto Rico, under the theme The Caribbean Opportunity Meets the Capital Markets. The Caribbean Hotel Association (CHA), Caribbean Tourism Organization (CTO) and Burba Hotel Network present the conference. CHTIC 2002 features an innovative component, new Regional Focus Panels...
Choice Reports a Net Loss of $11.9 million for Fourth Quarter; Grew Hotels 3.5% to 4,545 from 4,392 During 2001 / Feb 2002...
January 30, 2002
Hotel Online Special Report Choice Reports a Net Loss of $11.9 million for Fourth Quarter Grew Hotels 3.5% to 4,545 from 4,392 During 2001 SILVER SPRING, Md. - Feb. 20, 2002 - Choice Hotels International, Inc. (NYSE:CHH) today reported 2001 recurring net income of $55.6 million, or $1.25 recurring diluted earnings per share (EPS), compared to $58.4 million in recurring net income and $1.10 recurring diluted EPS reported for 2000. The company reported recurring net income of $12.6 million for the fourth quarter 2001, compared to $14.8 million for fourth quarter 2000. Recurring diluted EPS was $0.29 for the four...
Broughton Hospitality Group Acquires the Operations Contract for Casa Iguana Hotel in Mismaloya, Puerto Vallarta, Mexico / Feb 2002...
January 30, 2002
Hotel Online Special Report Broughton Hospitality Group Acquires the Operations Contract for Casa Iguana Hotel in Mismaloya, Puerto Vallarta, Mexico HUNTINGTON BEACH, CA (February 8, 2002) Huntington Beach, CA-based Broughton Hospitality Group has been awarded the Operations and Sales Contract for Casa Iguana Hotel in Mismaloya, Puerto Vallarta, Mexico. The 53-unit all-suite property will undergo a minor renovation and repositioning in the marketplace and be renamed Hotel El Eden. We offer our guests unique and experiential stays by providing high levels of service in a quality setting that cant be found at ...
