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The Lodging Conference Wraps Risk Management Into Rescheduled Event January 8-12, 2001 / Oct 2001
April 30, 2001
Hotel Online Special Report The Lodging Conference Wraps Risk Management Into Rescheduled Event January 8-12, 200; 95% of Original Attendees Already Re-Registered CHICAGO, Ill., October 9, 2001The Lodging Conference, a major hotel conference that attracts the nations top senior executives, today announced that the annual event has been rescheduled and expanded to January 8 through January 12, 2002, at the Arizona Biltmore Resort and Spa in Phoenix, according to organizers Harry Javer and Morris Lasky. We were fortunate that no one planning to attend the originally scheduled Lodging Conference earlier this ...
Hospitality Loan Portfolio Risk Evaluation / The Plasencia Group, Inc. / Oct 2001
April 30, 2001
Hotel Online Special Report Hospitality Loan Portfolio Risk Evaluation by The Plasencia Group, Inc. October 1, 2001 DURING THE PAST TWO WEEKS The Plasencia Group has fielded a vast number of calls from long-time clients in the business of making hotel loans and who are now seeking information about the current state of the lodging industry. They have also sought our advice in developing strategies for challenged hotel assets in their portfolios. While the majority of hotel loans in this country can still be labeled as performing loans, it is clear that the events of September 11 may now have caused numer...
Someplace(s) Different Chooses Lexington Services for Global Reservations / Oct 2001
April 30, 2001
Hotel Online Special Report Someplace(s) Different Chooses Lexington Services for Global Reservations Lexington to provide hotel reservations technology for 12 additional hotel properties DALLAS (Oct. 11, 2001) Lexington Services, a subsidiary of Travel Services International, Inc., the largest provider of global hotel reservations in North America and second largest in the world, today announced Someplace(s) Different as its newest member. Under the agreement, Lexington will provide centrally hosted reservations technology and support to the 12 properties of Someplace(s) Different through its new SPIRIT ...
Five Hotel Groups, 267 Properties, Renew Technology Contracts with Lexington Services / Oct 2001
April 30, 2001
Hotel Online Special Report Five Hotel Groups, 267 Properties, Renew Technology Contracts with Lexington Services Lexington to provide new SPIRIT hotel reservation system for Grand Hospitality, Woodfin Suite Hotels, Country Hearth Inns & Suites, Suburban Lodges of America and GuestHouse International DALLAS (Oct. 15, 2001) Grand Hospitality, Woodfin Suite Hotels, Country Hearth Inns & Suites, Suburban Lodges of America and GuestHouse International have renewed technology service contracts with Lexington Services, a subsidiary of Travel Services International, Inc., the largest provider of global hote...
Hotel Lenders Face Challenges In Tough Climate / Rick Swig / RSBA Associates / October 2001
April 30, 2001
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 Hotel Lenders Face Challenges In Tough Climate by Rick Swig, October 2001 Understatement: Financing new hotel construction or acquisitions has risen to a new level of difficulty in 2001. Remember the good old days with loan to value ratios of 70% to 80%, or even within the last 24 months, when 60% was achievable? Today, lenders, when providing opportunities, may even be below th...
Legal Planning for Hotel Owners Today – David M. Neff / Oct 2001
April 30, 2001
Hotel Online Special Report Legal Planning for Hotel Owners Today October 2001 by David M. Neff, ISHC The reports are about as dismal as anyone can recall seeing in the hotel industry in their lifetime. Numerous hotel companies are experiencing drastic occupancy drops and implementing massive cost-cutting efforts, including laying off hotel workers ranging from housekeepers to franchise executives. The outlook is very uncertain and dependent on many factors beyond the control of the hotel industry. The worst thing that hotel owners can exhibit right now is paralysis or denial. Immediate action i...
J.W. Marriott, Jr., Chairman and CEO of Marriott International Inc.Named by The School of Hospitality Business Michigan State University As 2001 Indu
April 30, 2001
Hotel Online Special Report J.W. Marriott, Jr., Chairman and CEO of Marriott International Named by The School of Hospitality Business Michigan State University As 2001 Industry Leader of the Year Adds Five Leaders To Its Wall of Fame November 1, 2001, East Lansing, Michigan. One distinguished hotelier will be honored as the Industry Leader of the Year, and five Michigan State University alumni will be inducted into The School of Hospitality Business Alumni Associations Wall of Fame on Sunday, November 11, 2001 at the annual Celebration of Leadership. The event is scheduled during the Internati...
Hedging Currency and Interest Rate Risk for Latin American Hotel Investors / Jones Lang LaSalle Hotels / Oct 2001
April 30, 2001
Hotel Online Special Report October 2001 By Anwar Elgonemy Jones Lang LaSalle Hotels - Miami In Latin America, those investing in large hotel real estate portfolios will be confronted with both systematic (market) risk and unsystematic (property-specific) risk. Most hotel investors are unaware that such risk can be hedged by a variety of basic derivative instruments. Day in and day out, there are examples of Latin American risk such as the Argentine governments negotiations with the IMF to reach a workout on its massive sovereign debt. Brazils currency, the real, has lost more than 50 percent of its value since th...
Landry's Seafood Restaurants Sued By Two Former Managers Alleging Sexual Harassment, Intimidation and Retaliation / October 2001
April 30, 2001
Hotel Online News for the Hospitality Executive Suit Alleges Harassment at Houston-Area Seafood Restaurant By L.M. Sixel, Houston Chronicle Knight Ridder/Tribune Business News Oct. 24--Landry's Seafood Restaurants has been sued in federal court by two former employees alleging sexual harassment, intimidation and retaliation. The lawsuit, filed Monday in Houston, contends that Tilman Fertitta, Landry's chairman of the board, president and chief executive officer, told David Foreman and his wife, Paula, they'd have a rough time finding restaurant industry jobs if they pursued their claims of sexual harassment with t...
La Quinta Announces New Corporate Structure, Will Forego Paired Share REIT Status – Will Facilitate Owning and Operating Hotels / October 2001
April 30, 2001
Hotel Online Special Report advertisement La Quinta Announces New Corporate Structure, Will Forego Paired Share REIT Status Will Facilitate Owning and Operating Hotels DALLAS, Oct. 16, 2001 - The La Quinta Companies (NYSE: LQI') announced today that the Boards of Directors of La Quinta Properties, Inc. and La Quinta Corporation have unanimously approved, subject to shareholder approval, a new corporate structure for the two companies under which La Quinta Properties, Inc. (``the REIT'') will become a subsidiary of La Quinta Corporation (``the Corporation''). The restructuring will be transparent to shareholde...
LaSalle Hotel Properties Reports Third-quarter Funds from Operations Down over 23% from Last Year, Postpones the Closings and Renovations of Two Washi
April 30, 2001
Hotel Online Special Report advertisement LaSalle Hotel Properties Reports Third-quarter Funds from Operations Down over 23% from Last Year; Postpones the Closings and Renovations of Two Washington, D.C. Hotels BETHESDA, Md., Oct. 29, 2001 -- LaSalle Hotel Properties (NYSE: LHO) today reported funds from operations (FFO) of $12.3 million for the third quarter 2001 versus $16.1 million for the third quarter 2000. On a per diluted share/unit basis, FFO for the third quarter 2001 was $0.65 versus $0.87 for the third quarter 2000. For the quarter ended September 30, 2001, room revenue per available room (RevPA...
April 30, 2001
Hotel Online Special Report A Little Bump Upward Especially for the Future Lodging Executives Sentiment Looking More Positive Durham, N.H., Sep 30, 2001 The latest impressions by lodging industry executives recorded in the Future Situation Index continues to be robust with an index reading of 90.0 while the Current Situation Index recorded only a little bump upward from 0.00 last month to 10.0 this month. The composite Lodging Executives Sentiment Index (LEsI) is 50.0 as calculated for the month of September. While not the lowest reading since its inception, the composite index is marking the flatline. A LEsI ...
A Plan of Recovery for the Travel Industry; Guidelines for Lodging Executives / October 10, 2001
April 30, 2001
Hotel Online Special Report A Plan of Recovery for the Travel Industry; Guidelines for Lodging Executives Quarterly Perspectives is a strategic planning publication prepared by the industry analysts and market specialists at Lodging Econometrics and National Hotel Realty October 10, 2001 - How does one make sense out of the horrifying and unspeakable tragedies in New York, Washington and rural Pennsylvania? How does one comprehend the devastation to the economy, financial markets, travel-related industries and, most importantly, lodging? Theres no question that the terrorist attacks of September 11 a...
Travel Decline Hits Home for Los Angeles-Area Hotel, Restaurant Workers / Oct. 2001
April 30, 2001
Hotel Online News for the Hospitality Executive Travel Decline Hits Home for Los Angeles-Area Hotel, Restaurant Workers By Laura Mecoy, The Sacramento Bee, Calif. Knight Ridder/Tribune Business News Oct. 23--LOS ANGELES -- Eliza Mina, a single mother of six, lost her housekeeping job just four days after the Sept. 11 terrorist attacks because travelers had stopped coming to the Beverly Hills hotel where she worked. A month later, she's still out of work and doesn't know where she'll get the money to pay her rent or buy the new clothes her children need for fall. "They are very sad," she said. "Every day, my litt...
Horst H. Schulze and Eric Friedheim Honored for Significant Contributions to the Hospitality Industry / October 2001
April 30, 2001
Hotel Online Special Report advertisement Horst H. Schulze and Eric Friedheim Honored for Significant Contributions to the Hospitality Industry Albert E. Koehl and Winthrop W. Grice Awards WASHINGTON, DC (Oct. 29, 2001) The Hospitality Sales & Marketing Association International (HSMAI) has announced the recipients of the coveted 2001 Albert E. Koehl and Winthrop W. Grice Awards, which will be officially presented at the Annual HSMAI Awards Celebration and Dinner on Jan. 29, 2002 at the Marriott Marquis in New York. This years honorees are Horst H. Schulze, formerly vice chairman of The Ritz-Carlton...
New Mexico Hotelier Katherine Slick Joins Steering Committe for Business Enterprises for Sustainable Travel / October 2001
April 30, 2001
Hotel Online Special Report advertisement New Mexico Hotelier Katherine Slick Joins Steering Committee for Business Enterprises for Sustainable Travel NEW YORK, October 18, 2001 - Michael Seltzer, the Director of Business Enterprises for Sustainable Travel, today announced that Katherine Slick, an expert on historic preservation, has joined BEST's steering committee. An initiative of The Conference Board in association with the World Travel & Tourism Council, BEST is a leading source of knowledge on innovative travel practices that advance the interests of businesses, travelers and destination communities. ...
Katherine Cavanagh, CHAE, Recipient of the 2001 Paragon Award / October 2001
April 30, 2001
Hotel Online Special Report advertisement Katherine Cavanagh, CHAE, Recipient of the 2001 Paragon Award AUSTIN, TXOctober 29, 2001 Hospitality Financial and Technology Professionals (HFTP) is proud to announce Katherine Cavanagh, CHAE, as the recipient of the 2001 Paragon Award. The Paragon Award is awarded annually to one individual who has made significant and lasting contributions to HFTP, as well as a profound impact on the hospitality industry. The Paragon Award winners, who are selected by a panel of their peers, selflessly contribute their time and energy to further the goals of both HFTP and the ...
Hotel Phillips, a 217-room Historic Hotel in Kansas City, Mo., Reopens After $20 million Renovation / Oct 2001
April 30, 2001
Hotel Online Special Report Hotel Phillips, a 217-room Historic Hotel in Kansas City, Mo., Reopens After $20 million Renovation -- 11th Hotel in Marcus Hotels and Resorts' Management Portfolio MILWAUKEE -- Oct. 5, 2001-- Marcus Hotels and Resorts, a division of The Marcus Corporation (NYSE: MCS), today announced the official opening of the Hotel Phillips, a 217-room, magnificently restored historic hotel in Kansas City, Mo. The property is the 11th hotel in Marcus Hotels and Resorts' management portfolio and is part of the division's strategic expansion of its management operations nationwide. The company also mana...
Bankrupt Jumer's Castle Lodge Hotel Chain Starts Sell-Off / October 2001
April 30, 2001
Hotel Online News for the Hospitality Executive Bankrupt Hotel Chain in Central Illinois Starts Sell-Off By Clare Howard, Journal Star, Peoria, Ill. Knight Ridder/Tribune Business News Oct. 16--PEORIA, Ill.--After 40 years of operating Bavarian-style castle lodges with a hint of fantasy and aristocracy, the Jumer's hotel chain is ending its reign in central Illinois. On Friday, founder D. James Jumer said two of his five hotels are sold or pending sale and the remaining three have serious potential buyers. Galesburg attorney Barry Barash has purchased the Galesburg hotel for $1 million, pending approval of U.S. b...
'America Loves NY' Campaign Launched / October 2001
April 30, 2001
Hotel Online News for the Hospitality Executive "America Loves NY" Campaign Launched Joint E-mail Marketing Effort For New York Hoteliers by Max Starkov, October 25, 2001 Recognizing that the combination of an economic downturn and the terrorist attack has created problems for everyone in the New York hospitality industry, Adval Communications, a prominent permission-based e-mail and fax messaging company, and Point Blank Interactive, a marketing firm and eBusiness consultancy for the travel and hospitality verticals, have initiated and sponsored the "America Loves NY" joint marketing campaign, designed to help NY hot...
James B. Singerling, CEO of Club Managers Association of America, Honored for Support of Hospitality Management by the Univeristy of Delaware / Octobe
April 30, 2001
Hotel Online Special Report advertisement James B. Singerling, CEO of Club Managers Association of America, Honored for Support of Hospitality Management by the Univeristy of Delaware October 18, 2001 - James B. Singerling was named University of Delaware's Club Education Champion at the 9th Annual student Club Managers Association of America Appreciation dinner at the Wilmington Country Club on October 9, 2001. During his eleven year tenure as CEO of CMAA, Mr. Singerling has been a major supporter of Hospitality Management programs across the United States, and a " Champion of Education", especially for...
April 30, 2001
Hotel Online Special Report John F. Ruzic Named Floridas 2001 Hotelier of the Year October 2001 - John F. Ruzic, owner of the Best Western All Suites Hotel near USF Behind Busch Gardens, has been named Floridas 2001 Hotelier of the Year by the Florida Hotel & Motel Association (FH&MA). Announced at FH&MAs annual conference in Orlando, the award is the groups highest honor and recognizes Ruzics outstanding contributions of leadership, service and exemplary professionalism in the lodging industry. It was presented to Ruzic at the Renaissance Orlando Resort by Walter Banks, FH&MAs 2000-01 ...
In Creating Visible Value for Guests, It's the Little Things: Customer Loyalty Equals Higher Profits / Joseph R. Kane / Oct 2001
April 30, 2001
Hotel Online Special Report In Creating Visible Value for Guests, It's the Little Things: Customer Loyalty Equals Higher Profits There are simple-yet often overlooked-ways to keep the customer coming back Hospitality Business Review, Volume 3, Number 5 Conrad N. Hilton College, University of Houston October 2001 by Joseph R. Kane, Jr., CHA President and Chief Executive Officer, Days Inns Worldwide, Inc. When you think of the word hospitality, it evokes images of friendly service, clean rooms where everything is in working order, and consistency of product, to mention a few. For hotel guests, that's wh...
Hawaii-based Travel Industy Software Provider Viata Obtains Funding From Silcon Valley Interests / Oct 2001
April 30, 2001
Hotel Online Special Report Hawaii-based Travel Industy Software Provider Viata Obtains Funding From Silcon Valley Interests Silicon Valley Bank Chairman John Dean Invests in Viata and Joins Board HONOLULU, HI - October 8, 2001 - Viata Software Inc., formerly known as Viata Online, announced today that Silicon Valley Bank Chairman John Dean has invested in Viata and accepted a position on the company's Board of Directors. Dean is the lead investor in a round of funding totaling $3 million in cash and equity. Viata is a Hawaii-based application service provider that provides business-to-business software ...
