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Impact of September 11, 2001 Varies for Global Hotel Investment Markets / Jones Lang LaSalle Hotels / Nov 2001
April 30, 2001
Hotel Online Special Report Impact of September 11, 2001 Varies for Global Hotel Investment Markets Jones Lang LaSalle Hotels Issues Implications of September 11, 2001 on the Global Hotel Markets London, 14th November 2001 Jones Lang LaSalle Hotels has published the most recent version of its quarterly research report, Hotel Topics. The latest version, titled Implications of September 11, 2001 on the Global Hotel Markets, provides cross border comparisons, contradictions and analyses of the impact of the terrorist attacks on the U.S., European and Asia Pacific hotel investment markets. Although th...
Declaration of Ethical Purchasing Codified by the International Society of Hospitality Purchasers / November 2001
April 30, 2001
Hotel Online Special Report Declaration of Ethical Purchasing Codified by the International Society of Hospitality Purchasers NEW YORK, N.Y., November 28, 2001 The board of directors of the International Society of Hospitality Purchasers, Inc. (ISHP), today released its Declaration of Ethical Purchasing Practices for its members. The declaration reaffirms the organizations code of ethics and articulates the key principle that ISHP believes should govern all business relationships between purchasing agents and their clients. The statement reads, When acting as a purchasing agent for our client...
Post Show Report For International Hotel/Motel & Restaurant Show, November 10-13, 2001 / November 2001
April 30, 2001
Hotel Online Special Report Post Show Report For International Hotel/Motel & Restaurant Show, November 10-13, 2001 Post Show Statistics , 2001 2000 Number of Exhibiting Companies 1,650 1,925 Net Square Feet of Exhibit Space 285,000 335,340 Buyer Registrations 19,980 28,568 Total Trade Attendance 36,873 56,000 White Plains, NY, November 20, 2001 - While fewer buyers attended the 2001 International Hotel/Motel & Restaurant Show® (IH/M&RS) than in past years, exhibitors agreed the attendees were business-focused and ready to buy at the 86th annual event the ...
IDeaS, Inc. Debuts Revolutionary Contract Evaluation Solution / October 2001
April 30, 2001
Hotel Online Special Report IDeaS, Inc. Debuts Revolutionary Contract Evaluation Solution IDeaS Revenue Management Deploys Automated Tool to Maximize Revenue from Long-Term Negotiated Contracts MINNEAPOLIS, November 6, 2001 IDeaS, Inc., a leading provider of revenue management solutions announced today that it is installing its new Contract Evaluation Solution in global hotel properties Europe and Asia. IDeaS Contract Evaluation Solution is an automated tool that enables hotel management and sales teams to maximize revenue from long-term negotiated contracts. This revolutionary new solution automates the time-co...
HotelTraining.com Selected by Gålå Hotels of Norway / July 2001
April 30, 2001
Hotel Online Special Report HotelTraining.com Selected by Gålå Hotels of Norway Fort Worth, TX November 2, 2001 - HotelTraining.com announced today that Gålå Hotels of Norway has selected the company to provide Internet Based Training for reservations to their hotels and resorts. The signing of an agreement to provide Internet Based Training for Gålå High Mountain Resort Hotel & Chalets in Norway marks the entry of HotelTraining.com into the European market place. Gålå currently operates seven properties in Norway comprised of resort hotels, cottages and historical chalets. HotelTraining.com introduced ...
Prior to 9/11 Room Rates Were Nuts, It Will Take 5 Years to Get Back to Those Levels, That's Healthy for the Industry as it Makes Travel More Aff
April 30, 2001
Hotel Online News for the Hospitality Executive "Prior to 9/11 Room Rates Were Nuts, It Will Take 5 Years to Get Back to Those Levels, That's Healthy for the Industry as it Makes Travel More Affordable." - Laurence Geller, CEO of Strategic Hotel Capital By Matthew Goodman, Sunday Business, London Knight Ridder/Tribune Business News Nov. 18--While European hotel stocks have been among the hardest hit since September's terrorist attacks in the US, there could be buying opportunities for canny investors. In particular, investors in hotel property see the current downturn as a massive buying opportunity and, if cash-ric...
Arlington Hospitality, Inc. Reports 59% Drop in Net Income for 3rd Qtr; AmeriHost Inn Hotels Somewhat Less Susceptible to Weakened Demand Due to Small
April 30, 2001
Arlington Hospitality, Inc. Reports 59% Drop in Net Income for 3rd Qtr; AmeriHost Inn Hotels Somewhat Less Susceptible to Weakened Demand Due to Small Market Locations ARLINGTON HEIGHTS, ILLINOIS, November 2, 2001 Arlington Hospitality, Inc. (Nasdaq/NM: HOST) today announced its earnings results for the third quarter ended September 30, 2001. Net income for the quarter was $1.9 million, or $0.35 per diluted share, compared to net income of $4.6 million, or $0.87 per diluted share in 2000. Net income during the third quarter of 2000 included a gain of $0.57 per diluted share from the sale of the AmeriHost Inn and AmeriH...
Security Capital Sells Homestead Village To Blackstone Affiliate for $740 Million / November 20, 2001
April 30, 2001
Hotel Online Special Report Security Capital Sells Homestead Village To Blackstone Affiliate for $740 Million CHICAGO, Nov. 21, 2001 - Security Capital Group Incorporated (NYSE: SCZ)) announced today that it has sold Homestead Village, its extended-stay lodging company, to an affiliate of Blackstone Real Estate Advisors for a total value of $740 million. The consideration received in the transaction includes $480 million in cash, the assumption of $145 million of liabilities, and the issuance to Security Capital of a five-year $115 million note. The note carries an initial coupon of 12% that increases by 100...
April 30, 2001
Hotel Online Special Report Howard Johnson Franchise Canada Designates Atlanta Based StayOnline Its Exclusive Provider of Wireless High-Speed Internet Access & In-Room PCs ATLANTA Nov. 7, 2001 As part of its renewed commitment to deliver "A Better Quality of Life on the Road, Howard Johnson Franchise Canada Inc., a subsidiary of AFM Hospitality Corporation (TSE:AFM), has designated Atlanta-based StayOnline its exclusive Preferred Alliance partner to provide wireless high-speed Internet connectivity and in-room PCs throughout its nearly 50 Howard Johnson Hotels and Inns open or under development across C...
Hawaii Total Visitors Days for October 2001 Decreased 25.6% Compared to Last October / November 20, 2001
April 30, 2001
Hotel Online Special Report Hawaii Total Visitors Days for October 2001 Decreased 25.6% Compared to Last October; Japanese Visitor Days Off 41.8% Oct 2001 Arrivals at a Glance November 20, 2001 - Total visitors days for October 2001 decreased 25.6 percent while visitor arrivals fell 30.3 percent when compared with results from last October according to data released today by the Department of Business, Economic Development and Tourism (DBEDT). We anticipate that the additional $10 million approved for an emergency tourism marketing campaign by the special legislative session last month will help to stabil...
Harrell Hospitality Group, Inc and Commercial Development Group, Abandon Development of a Hilton Garden Inn in Rochester, New York / Nov 2001
April 30, 2001
Hotel Online Special Report Harrell Hospitality Group, Inc and Commercial Development Group Abandon Development of a Hilton Garden Inn in Rochester, New York Dallas, Texas - November 7, 2001 - Harrell Hospitality Group, Inc (OTC BB: HLTLA) today announced, due to recent events and their effect on the availability of debt financing, that together with Commercial Development Group, it has abandoned the development of a Hilton Garden Inn and another property on an adjacent site in Penfield (Rochester), New York. The Hilton Garden Inn projects in Westborough (Boston), Massachusetts, and Anderson, South Carol...
The Historic 40-story Carbide and Carbon Building in Chicago to be Renovated as a 385 room Hard Rock Hotel / November 2001
April 30, 2001
Hotel Online News for the Hospitality Executive The Historic 40-story Carbide and Carbon Building in Chicago to be Renovated as a 385 room Hard Rock Hotel By Jerry W. Jackson, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News Nov. 13--The historic 40-story Carbide and Carbon Building in Chicago will be the home of the latest Hard Rock Hotel, executives of the Orlando-based restaurant and entertainment company said Monday. The exterior of the main art deco-style tower at 230 N. Michigan Ave. will be preserved and restored, and the interior will be redone to include 385 rooms, a ground-floor lobby, coffee shop ...
Number of Sales increase in 2000, but Price Per Room Drops Considerably / HVS / Nov 2001
April 30, 2001
Hotel Online Special Report Number of Sales increase in 2000, but Price Per Room Drops Considerably November 7, 2001 - Stephen Rushmore, president and founder of HVS International, a global hospitality consulting and hotel appraisal firm, has recently published the 2000 Hotel Transactions Survey an analysis of the major hotel sales in that calendar year. This analysis shows us that in 2000 the overall number of major transactions (over $10 million per hotel) increased 24% from 1999, but the average room price dropped by 18%, states Rushmore. A major reason for this decline in price per room was t...
The 'Complete' HSMAI Schedule of Events for 2001 – 2002 / Nov 2001
April 30, 2001
Hotel Online Special Report The 'Complete' HSMAI Schedule of Events for 2001 / 2002 WASHINGTON, DC (Nov. 12, 2001) The Hospitality Sales & Marketing Association International (HSMAI) provides an extensive calendar of events highlighting educational forums as well as business-to-business venues for buyers and suppliers of hospitality, travel and tourism. From cutting-edge educational sessions and executive think tanks featuring expert speakers, to a full program of regional meetings, trade shows and networking opportunities, HSMAI events are invaluable for sales and marketing professionals looking to hon...
HSMAI Creates Special Interest Group To Focus on Needs and Interests of the Revenue Management Community / Nov 2001
April 30, 2001
Hotel Online Special Report HSMAI Creates Special Interest Group To Focus on Needs and Interests of the Revenue Management Community WASHINGTON, DC (Nov. 15, 2001) In response to the growing discipline of revenue management, and those executives who are engaged in that profession as it relates to hospitality, travel and tourism, the Hospitality Sales & Marketing Association International (HSMAI) announces the formation of a Revenue Management Special Interest Group. The new Special Interest Group will work to define the unique needs and resources required by revenue management executives, as well as identify a...
Hospitality Research Group Launches Price Ranger® Guidance for Pricing Hotel Real Estate / Nov 2001
April 30, 2001
Hotel Online Special Report Hospitality Research Group Launches Price Ranger® Guidance for Pricing Hotel Real Estate - Price Ranger® Offers a Fast and Inexpensive Way to Obtain Current Price Ranges for U.S. Hotels Atlanta, GA. November 16, 2001. The Hospitality Research Group, the research affiliate of PKF Consulting, announced the launch of a service to help hotel lenders, sellers, buyers, and investors determine the most effective price for at which to sell a hotel. The new product, dubbed Price Ranger, determines a price for a hotel based on sale prices of comparable properties, according Dr. ...
Starwood Names Three New Vice Presidents for Corporate Office at White Plains, New York / November 2001
April 30, 2001
Hotel Online Special Report Starwood Names Three New Vice Presidents for Corporate Office at White Plains, New York WHITE PLAINS, N.Y. - Nov. 20, 2001 Sharon Rothstein Named Senior Vice President, Global Brand Marketing A seasoned brand marketing veteran with more than 15 years of experience with a number of brand powerhouse organizations, including Procter & Gamble and Nabisco, has been tapped by Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) to head its newly formed Global Marketing Division. Sharon Rothstein has been named senior vice president, Global Brand Marketing, and will be responsible fo...
April 30, 2001
Hotel Online Special Report Harrahs Entertainment Directors Approve $90 million, 480-room Hotel Tower at the Showboat Atlantic City LAS VEGAS - Nov. 14, 2001--Harrahs Entertainment, Inc. (NYSE:HET) announced today that its Board of Directors has approved construction of a $90 million, 480-room hotel tower at the Showboat Atlantic City. The project, which is subject to regulatory approvals, will boost the capacity at Showboat to 1,230 rooms and suites. The expansion is expected to be completed in the third quarter of 2003. With the Showboat operating at 99 percent occupancy for much of the year, we need this ex...
Fred Kummer Trying to Sell up to 5 of the 24 Adam's Mark Hotels; Sept. 11 Spurred Decision / November 2001
April 30, 2001
Hotel Online News for the Hospitality Executive Fred Kummer Trying to Sell up to 5 of the 24 Adam's Mark Hotels; Sept. 11 Spurred Decision By Peter Shinkle, St. Louis Post-Dispatch Knight Ridder/Tribune Business News Nov. 29--With hotel occupancy rates sinking, HBE Corp. is trying to generate cash by selling hotels in its Adam's Mark chain. Fred Kummer, president and chief executive of Creve Coeur-based HBE, said Wednesday that he would like to sell up to five of the 24 Adam's Mark hotels. He said the terrorist attacks of Sept. 11, which have caused a slowdown in travel, spurred his decision. "There's no question t...
Guy Hands to Chair 2002 International Hotel Investment Forum in Berlin, Germany / November 2001
April 30, 2001
Hotel Online Special Report Guy Hands to Chair 2002 International Hotel Investment Forum in Berlin, Germany November 26, 2001 - Hosts of the 5th Annual International Hotel Investment Forum (IHIF) have announced that Mr. Guy Hands, Managing Director Principal Finance or Nomura International plc, will serve as Chairman of the event, scheduled for 19-21 March 2002 in Berlin Germany. The event will be held once again at the Hotel Inter·Continental. Hosts for the IHIF are Hotel & Motel Management, BHN and Insignia Hotel Partners. Mr. Hands is the head and founder of the Principal Finance Group, Nomura In...
Andreas Obrist and Sybille Riedmiller Named Green Hoteliers of the Year by the IH&RA; Honored for Committment to Energy Conservation / Nov 2001
April 30, 2001
Hotel Online Special Report Andreas Obrist and Sybille Riedmiller Named Green Hoteliers of the Year by the IH&RA; Honored for Committment to Energy Conservation London, 15 November 2001 The winners of the International Hotel & Restaurant Associations (IH&RA) annual Environmental Award, sponsored by American Express, were announced by Ejnar Söder, President of the IH&RA, during the IH&RAs statutory meetings at the Radisson Edwardian Grafton Hotel in London. The winner in the Corporate category was Andreas Obrist, General Manager of the Intercontinental Leipzig, with Gerhard Schmidt, General Manager of The W...
George M. Kaufman, Founder of Guest Quarters Hotels, Dies at 69 / Nov 2001
April 30, 2001
Hotel Online News for the Hospitality Executive George M. Kaufman, Founder of Guest Quarters Hotels, Dies at 69 By Tom Shean, The Virginian-Pilot, Norfolk, Va. Knight Ridder/Tribune Business News Nov. 2--NORFOLK, Va.--George M. Kaufman, a veteran real estate developer who pioneered the concept of extended-stay suite hotels, died Thursday. The Norfolk native, who became widely known for his philanthropy and for collecting 18th and early 19th century American furniture, was 69. After working in banking and investments in the late 1950s, Kaufman developed several apartment communities in Virginia and North Carolina. ...
J. Gary Peters Named Executive Vice President of Development for the Elegant Hotels Group / November 2001
April 30, 2001
Hotel Online Special Report J. Gary Peters Named Executive Vice President of Development for the Elegant Hotels Group London/New York, NY November 26, 2001 J. Gary Peters has been appointed Executive Vice President of Development for the Elegant Hotels Group, a leading hotel group in the Caribbean with 5 properties on Barbados and one on Antigua. Prior to this appointment, Peters was the Vice President of Development for Sol Melia S.A. for development in Europe, the Middle East, Africa and Asia markets. In this new role with Elegant Hotels, Peters will further the companys goal to expand outside it...
Developer Richard L. Friedman Secures Funding for a $30 million Marriott Courtyard in Brookline, Mass / Nov 2001
April 30, 2001
Hotel Online News for the Hospitality Executive Developer Richard L. Friedman Secures Funding for a $30 million Marriott Courtyard in Brookline, Mass By Michael Rosenwald, The Boston Globe Knight Ridder/Tribune Business News Nov. 2--Despite an extremely difficult market for hotel financing, Cambridge developer Richard L. Friedman has secured funds for a $30 million Marriott Courtyard in Brookline's Coolidge Corner, he said yesterday. Work is expected to begin next week on a 188-room, eight-story hotel in a town-owned parking lot at Webster and Beacon streets. The hotel marks the first commercial development projec...
