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CGI, a German Open-ended Fund, Partners with Marriott on a Sale and Leaseback for a Courtyard by Marriott at Charles de Gaulle Airport, Paris / Decemb
April 30, 2001
Hotel Online Special Report CGI, a German Open-ended Fund, Partners with Marriott on a Sale and Leaseback for a Courtyard by Marriott at Charles de Gaulle Airport, Paris Jones Lang LaSalle Hotels Advised CGI On Acquisition Frankfurt, 12th December 2001 CGI (Commerz Grundbesitz Investmentgesellschaft mbH), a German open-ended fund has acquired a hotel development at Charles de Gaulle airport in Paris. This acquisition brings CGIs hotel portfolio to four properties across Europe. The hotel development will comprise 300-rooms, a conference facility, fitness center and restaurant on a 17,700m² ...
Living in the Wake: Predictions & Practical Implications / The Global Hospitality Advisor / JMBM / December 2001...
April 30, 2001
Hotel Online Special Report The Global Hospitality Advisor - Living in the Wake: Predictions & Practical Implications December 2001 Jim Butler is Chairman of JMBMs Global Hospitality Group. He leads a team of more than 50 lawyers who work on virtually every aspect of hospitality a team with more than $20 billion in transactional hospitality experience. Jim is more than just a lawyer. He is a hospitality consultant and businessman with legal expertise with more than 30 years of focus on hospitality, real estate and finance. In the wake of the September events and their aftermath, Jim predict...
Owner of Sequoia Center, Buena Park, CA Scrapped First Hotel Idea after Sept. 11 / Dec 2001...
April 30, 2001
Hotel Online News for the Hospitality Executive Owner of Sequoia Center, Buena Park, CA Scrapped First 325-room Hotel Idea after Sept. 11 By Mary Ann Milbourn, The Orange County Register, Calif. Knight Ridder/Tribune Business News Dec. 26--BUENA PARK, Calif.--Ed B. Jay had it all planned: He would build a 325-room hotel, renovate the adjacent Sequoia Center and then market them to national companies and associations for meetings and exhibitions of 2,000-3,000 people. That, at least, was his plan on Sept. 1, when he took over as executive officer of the conference center. Ten days into the plan, the Sept. 11 terrori...
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April 30, 2001
Hotel Online Special Report Jones Lang LaSalle Hotels Updates Digest Europe Report London, 6th December 2001 Brussels hotels have performed better than many other European cities in the wake of the fallout in global travel following the events of September 11th. The Brussels hotel market has been one of the least affected European hotel markets, with room rates holding up to date. Occupancy rates, similar to most markets have fallen during the months of September and October as non-essential travel was cut and leisure demand cancelled across the world. The month of September saw occupancy levels in qualit...
New Castle Hotels will Co-develop and Own Courtyard by Marriott Brookline In the Coolidge Corner Section of Brookline, MA / December 2001...
April 30, 2001
Hotel Online Special Report New Castle Hotels will Co-develop and Own Courtyard by Marriott Brookline In the Coolidge Corner Section of Brookline, MA Areas First Commercial Development in 20 Years BROOKLINE, MA December 10, 2001 New Castle Hotels has begun construction of the new Courtyard by Marriott Brookline, the companys third new hotel project in 2001, and the first commercial development in the Coolidge Corner section of Brookline, MA, in approximately 20 years. A hotel ownership and management company based in Shelton, CT, New Castle Hotels will co-develop and own the new hotel with project pa...
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April 30, 2001
Hotel Online Special Report Global Update: Whos Where and Doing What December 2001 Heads Above the Rest The Newsletter of The Boutique Search Firm The Americas Jean-Louis Palladin, justly hailed by many as the nicest guy in the fine dining industry, passed away after waging a valiant fight against lung cancer for over one year. Palladin inspired an entire generation of stellar chefs and will be missed. Bruce Hearn has been named Managing Director of Carénage Bay Resort and Golf Club by Rosewood Hotels, where he takes over from Rich Verruni, who left the company. Hearn, a Cornell graduate, was most recently...
Labor Agreement Reached for 3,000 Unionized Boston Hotel Workers; Room Attendant Hourly Wage to $12.03 Immediately / Dec 2001...
April 30, 2001
Hotel Online News for the Hospitality Executive Labor Agreement Reached for 3,000 Unionized Boston Hotel Workers; Room Attendant Hourly Wage to $12.03 Immediately By Stephanie Stoughton, The Boston Globe Knight Ridder/Tribune Business News Dec. 2--As Boston labor and hotel representatives negotiated a last-minute contract deal in the wee hours of yesterday morning, union leaders across the country breathed a sigh of relief. The pact between 3,000 unionized hotel workers and nine hotel companies not only averted a strike but also became the first major contract agreement in the beleaguered hospitality industry since...
Five Senior Executives Appointed at the $1billion Resort The Borgata in Atlantic City / December 2001...
April 30, 2001
Hotel Online Special Report Five Senior Executives Appointed at the $1billion Resort, The Borgata in Atlantic City ATLANTIC CITY, N.J., Dec. 10, 2001 - The Borgata, a joint venture development of Boyd Gaming Corporation (NYSE: BYD) and MGM MIRAGE (NYSE: MGG), today announced the appointment of five executives who will be among the senior executives at the resort: Kevin J. Sullivan, Senior Vice President and Chief Administrative Officer Auggie Cipollini, Vice President of Finance Cassie L. Fireman, Vice President of Talent David Farlin, Vice President of Information Technology Joseph A. Corbo, Jr....
Isle of Capri Casinos, Inc. Opens $75 million Casino in Boonville, Missouri / December 2001...
April 30, 2001
Hotel Online Special Report Isle of Capri Casinos, Inc. Opens $75 million Casino in Boonville, Missouri December 6, 2001 - In the midst of one of the most challenging times for the entertainment and hospitality industry, Isle of Capri Casinos, Inc. announced today the opening of its newest $75 million, 72,000-square-foot casino facility in Boonville, Missouri. A faltering economy and fear of air travel have had adverse effects on the travel and gaming industry, creating a ripple effect that has caused several casinos to postpone projects. One exception is Isle of Capri Casinos, Inc. -- the gaming company that is ...
The $150 million Black Hawk Casino by Hyatt Sets a New Standard for Gaming Entertainment in Colorado / December 2001...
April 30, 2001
Hotel Online News for the Hospitality Executive The $150 million Black Hawk Casino by Hyatt Sets a New Standard for Gaming Entertainment in Colorado By Jason Blevins, The Denver Post Knight Ridder/Tribune Business News Dec. 12--BLACK HAWK, Colo.--The new Black Hawk Casino by Hyatt is expected to raise the bar in this mining-turned-gambling town, just as Steve Wynn's $1 billion Bellagio triggered a renaissance in the Las Vegas gambling experience. "It's a new era in gaming in Colorado," says Tim Rose, the president of the Black Hawk Casino, a $150 million complex almost five years in the making that opens next week...
Bellevue's Meydenbauer Center's Failure to Attract Big Conventions Takes its Toll on the East King County Convention and Visitors Bureau; Lo
April 30, 2001
Hotel Online News for the Hospitality Executive Bellevue's Meydenbauer Center's Failure to Attract Big Conventions Takes its Toll on the East King County Convention and Visitors Bureau; Loses a Third of its Budget and Half of its Employees By Mike Lindblom, The Seattle Times Knight Ridder/Tribune Business News Dec. 16--Bellevue's failure to attract big conventions has taken its toll on the East King County Convention and Visitors Bureau, which has lost nearly a third of its budget and half of its employees this year as a result. The bureau has quit trying to bring big national gatherings to the publicly owned Mey...
San Francisco and San Jose Hotels Ran About 58% Occupancy in October, Compared with 86% a Year Ago / Dec 2001...
April 30, 2001
Hotel Online News for the Hospitality Executive San Francisco and San Jose Hotels Ran About 58% Occupancy in October, Compared with 86% a Year Ago By Donna Kato, San Jose Mercury News, Calif. Knight Ridder/Tribune Business News Dec. 5--Bay Area hotels, hit hard by both the recession and Sept. 11 jitters, sit nearly half-empty these days as operators attempt to entice travelers with everything from theater tickets to charity donations. "Typically, September and October are our biggest travel months in San Jose for business travelers," said Daniel Fenton, president and chief executive of the San Jose Convention and...
Witness Discounts Discrimination Charges in Cracker Barrel Law Suit / Dec 2001...
April 30, 2001
Hotel Online News for the Hospitality Executive Witness Discounts Discrimination Charges in Cracker Barrel Law Suit By James Thorner, St. Petersburg Times, Fla. Knight Ridder/Tribune Business News Dec. 15--WESLEY CHAPEL, Fla.--As lawyers suing the Cracker Barrel restaurant chain tell it, waitress Jenny Gleason "routinely witnessed" black people getting worse service and overhead racial slurs coming from the staff at the Cracker Barrel restaurant on Interstate 75 in Pasco County. "I don't think that's completely accurate," the 22-year-old Citrus County resident said in an interview Friday. In fact, Gleason said she ...
Banyan Tree Hotels & Resorts Rebrands the Westin Banyan Tree to Banyan Tree Bangkok; Allows Contract with Westin Hotels to Expire / Dec 2001...
April 30, 2001
Hotel Online News for the Hospitality Executive Banyan Tree Hotels & Resorts Rebrands the Westin Banyan Tree to Banyan Tree Bangkok; Allows Contract with Westin Hotels to Expire By Nondhanada Intarakomalyasut, Bangkok Post, Thailand Knight Ridder/Tribune Business News Dec. 28--Banyan Tree Holding, a Singapore-based hotel and resorts development group, is spreading its wings with plans to aggressively expand its portfolio in the region, including Thailand. The company was looking to invest in Chiang Mai, Pattaya and Hua Hin, said Bernold Schroeder, vice-president for business development of Banyan Tree Hotels and Res...
Grand Bahama Island's Tourism Aided by New Direct La Guardia Flight / December 2001...
April 30, 2001
Hotel Online Special Report Grand Bahama Island's Tourism Aided by New Direct La Guardia Flight Grand Bahama Island, December 11, 2001 US Airways has begun a direct service from La Guardia, New York to Grand Bahama International Airport, Grand Bahama Island, Bahamas. The new service, which celebrated its maiden flight on 1 December 2001, flies non-stop every Thursday, Friday, Saturday and Sunday. As of 31 January 2002, the service will operate daily and is serviced by Airbus 737-300 planes accommodating up to 126 passengers. The new route has the potential to generate some 42,840 seats and 52,000 room n...
Four Best Western Hotel Owners Elected as Officers and Directors for 2002; Will Serve Best Western's 4,065 Hotels / December 2001...
April 30, 2001
Hotel Online Special Report Four Best Western Hotel Owners Elected as Officers and Directors for 2002; Will Serve Best Western's 4,065 Hotels PHOENIX - December 7, 2001 - Three Best Western International hoteliers have been elected officers and a fourth has been named as a new director of the global hotel chain's board of directors for the 2002 fiscal year commencing December 1. Serving as chairman of the seven-member board is Ken Smotherman, a Texas hotelier who served last year as vice chair. The new vice chairman is Lowell Cruse and serving as secretary/treasurer is Nayan Patel. Elected as director is Nil...
BCL Hospitality Advisors Forms Alliance with Manhattan Hospitality Advisors / December 2001...
April 30, 2001
Hotel Online Special Report BCL Hospitality Advisors Forms Alliance with Manhattan Hospitality Advisors SANTA MONICA, CA., Dec. 5 - - Jack Westergom, Managing Director of Manhattan Hospitality Advisors and Richard Bosworth, Managing Partner and President of BCL Hospitality Advisors, a full-service consulting/investment-banking firm dedicated to the hospitality industry, and a subsidiary of Bond Capital Limited (BCL) announced that the company has now affiliated with the Manhattan Hospitality Advisors network. According to Mr. Bosworth, This new endeavor reflects the companies growing emphasis on distressed real ...
Australia's Top Ten Hotel Operators as at November 2001 / Jones Lang LaSalle Hotels / December 2001...
April 30, 2001
Hotel Online Special Report Australia's Top Ten Hotel Operators as at November 2001 / Jones Lang LaSalle Hotels Pacific International Fastest Mover but Accor Remains Number One Sydney, December 12, 2001 This year has seen minimal change in the identity of the top ten hotel management companies in Australia, according to the results of Jones Lang LaSalle Hotels' annual Top Operator Survey. The survey included 85 major operators across Australia, spanning 471 tourist accommodation establishments and 70,000 rooms. The survey forms part of Jones Lang LaSalle Hotels' Digest Australia, 2001-02, set to be re...
LaeRoc Partners, LLC Appoints ASTON Hotels & Resorts as Manager of the 255 room Waikiki Parkside Hotel / December 2001...
April 30, 2001
Hotel Online Special Report LaeRoc Partners, LLC Appoints ASTON Hotels & Resorts as Manager of the 255 room Waikiki Parkside Hotel HONOLULU (Dec. 14, 2001) ASTON Hotels & Resorts Hawaii today announced that LaeRoc Partners, LLC selected ASTON Hotels & Resorts Hawaii to manage the Waikiki Parkside Hotel. "ASTON has proven their ability to take a property, stylize a renovation and make it profitable for its owners and investors," said Kim Benjamin, President of LaeRoc Partners, LLC. "ASTON's performance in the renovation and managing of our first Waikiki investment, Aston Aloha Surf Hotel exceeded expectati...
Alliance Hospitality Opening a Holiday Inn Select Hotel In Denver's Cherry Creek District / December 2001...
April 30, 2001
Hotel Online Special Report Alliance Hospitality Opening a Holiday Inn Select Hotel in Denver's Cherry Creek District DENVER Business travelers will soon have a new executive-class lodging option available when the Holiday Inn Select Denver-Cherry Creek opens its doors in early 2002. The 214-room hotel, located in the heart of the Cherry Creek Financial District at 455 South Colorado Boulevard, is currently under construction and plans call for the building to be completed early in the new year. "Holiday Inn Select Denver-Cherry Creek will be especially appealing to business travelers staying in Denver and m...
Survey of Alaska Tourism Businesses Reports Advance Bookings Down By Average of 23% for Next Summer; Nothing is Selling for Full Price / Dec 2001...
April 30, 2001
Hotel Online News for the Hospitality Executive Survey of Alaska Tourism Businesses Reports Advance Bookings Down By Average of 23% for Next Summer; Nothing is Selling for Full Price By Paula Dobbyn, Anchorage Daily News, Alaska Knight Ridder/Tribune Business News Dec. 8--Advance bookings for next summer's tourist season are down by an average of 23 percent, according to a survey of tourism businesses released Friday by the Alaska Travel Industry Association. While the figure isn't the dire 40 to 60 percent drop that some had predicted, it underscores what the travel group has been saying since Sept. 11: fewer vi...
Aladdin Hotel and Casino that Cost $1 Billion Could Sell for $400 Million / Dec 2001...
April 30, 2001
Hotel Online News for the Hospitality Executive Aladdin Hotel and Casino that Cost $1 Billion Could Sell for $400 Million By Jeff Simpson, Las Vegas Review-Journal Knight Ridder/Tribune Business News Nov. 30--The bankrupt Aladdin's lenders expect the property to be sold as soon as May, and are evaluating whether a direct sale or an auction would be the best way to market the troubled Strip megaresort, a knowledgeable source said Thursday. The Aladdin lost $2.6 million in October, but that was a substantial improvement over the $24 million loss the property reported in September, according to a recent U.S. Bankrup...
Adam's Mark Hotel Chain Settles 2 Year Old Racial-Discrimination Suit with NAACP / Dec 2001...
April 30, 2001
Hotel Online News for the Hospitality Executive Adam's Mark Hotel Chain Settles Two Year Old Racial-Discrimination Suit with NAACP By Andrea Robinson, The Miami Herald Knight Ridder/Tribune Business News Dec. 4--The Adam's Mark hotel chain and the NAACP have reached a settlement of a 2-year-old lawsuit stemming from allegations it discriminated against black guests during a spring break event in Daytona Beach. As part of a million-dollar-plus settlement announced Monday, the hotel chain will pay $100,000 to each of the five plaintiffs. Other guests who were discriminated against at the 1999 Black College Reunion will ...
Columbia Sussex Corp. to Acquire Adam's Mark Hotels in Memphis, Houston, Philadelphia, Columbia, S.C., Clearwater, Fla., and Colorado Springs /
April 30, 2001
Hotel Online News for the Hospitality Executive Columbia Sussex Corp. to Acquire Adam's Mark Hotels in Memphis, Houston, Philadelphia, Columbia, S.C., Clearwater, Fla., and Colorado Springs By Peter Shinkle, St. Louis Post-Dispatch Knight Ridder/Tribune Business News Dec. 11--Stung by falling room-occupancy rates and by allegations of racial discrimination, the Adam's Mark hotel chain has agreed to sell six of its 24 hotels to a Kentucky company. Bill Yung III, president of Columbia Sussex Corp. of Fort Mitchell, Ky., said Monday that his company entered a contract Nov. 28 to acquire Adam's Mark hotels in Memphis, ...
