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European Hotel Valuation Index 2001 / HVS, London / May 2001
February 28, 2001
Hotel Online Special Report European Hotel Valuation Index 2001 This edition is produced by the London Office of HVS International Dominique Bourdais, Justin Lanzkron and Yannick Simonart, May 2001 Highlights The European Hotel Valuation Index (HVI) shows that hotel values (expressed in local currency per room) rose by 7.6% across Europe in 2000 compared with 2.7% in 1999, 9.1% in 1998, and 12.0% in 1997. The majority of European markets experienced strong growth in rooms revenue per available room (RevPAR), led largely by increases in average rates. Growth in value has been fuelled primarily by RevPA...
Developer Harshad Shah Proposing a $9 million, 120-room Extended-stay Hotel Next to theChattanooga/Hamilton County Convention & Trade Center / May 200
February 28, 2001
Hotel Online News for the Hospitality Executive Developer Proposes Building Hotel Near Chattanooga, Tenn., Convention Center By Mike Pare, Chattanooga Times/Free Press Knight Ridder/Tribune Business News May 17--A developer is proposing to build a $9 million, 120-room extended-stay hotel next to the Chattanooga/Hamilton County Convention & Trade Center in the Southside. Chattanooga businessman Harshad Shah said Wednesday that his development group has bought the block bounded by Carter, Fort, 13th and 14th streets. The 2.3-acre site is just south of the $50 million Trade Center addition now under construction. A c...
HSMAI Providing Financial Assistance to Chapters Looking to Acquire the Services of a Paid Administrative/Executive Director / May 2001
February 28, 2001
Hotel Online Special Report HSMAI Providing Financial Assistance to Chapters Looking to Acquire the Services of a Paid Administrative/Executive Director WASHINGTON, DC (May 3, 2001) The Hospitality Sales & Marketing Association International (HSMAI) announced the recipients of its new Matching Funds Grant Program, which provides financial assistance to chapters looking to acquire the services of a paid Administrative/Executive Director. The first of the matching funds grants were awarded to the Illinois, New England and Tampa Bay chapters. To date, 50 percent, or 23 chapters in North America and the Caribb...
Bob Stein and David R. Evans To Be Inducted Into the HSMAI Hall of Fame / May 2001
February 28, 2001
Hotel Online Special Report Bob Stein and David R. Evans To Be Inducted Into the HSMAI Hall of Fame 43rd and 44th Members of HSMAI Hall of Fame WASHINGTON, DC (May 18, 2001) At the 2001 Hospitality Sales & Marketing Association International (HSMAI) Summit, which will take place June 6-8 in Scottsdale, AZ, Bob Stein, MHS, president of GSF Marketing, and David R. Evans, formerly of Starwood Hotels & Resorts Worldwide and Westin, will be inducted into the HSMAI Hall of Fame as the 43rd and 44th honorees, respectively. This prestigious designation recognizes individuals who further the sales and marketing p...
Starwood Will Acquire Minority Interest in Grill Concepts; Will Develop The Grill on the Alley and Daily Grill branded Restaurants in Certain Hotels /
February 28, 2001
Hotel Online Special Report Starwood Will Acquire Minority Interest in Grill Concepts; Will Develop The Grill on the Alley and Daily Grill branded Restaurants in Certain Hotels WHITE PLAINS, N.Y. and LOS ANGELES, May 17, 2001 - Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) (Starwood) and Grill Concepts, Inc. (Nasdaq: GRIL) today announced that they have entered into an agreement to jointly develop The Grill on the Alley and Daily Grill branded restaurants in certain Sheraton and Westin hotels. Under the terms of this agreement, Starwood will acquire a minority interest in Grill Concepts and will...
Amerihost Properties, Inc. dba Arlington Hospitality Reduces Seasonal Net Loss by 46% / May 2001
February 28, 2001
Hotel Online Special Report Amerihost Properties, Inc. dba Arlington Hospitality Reduces Seasonal Net Loss by 46% ARLINGTON HEIGHTS, ILLINOIS, May 7, 2001 Amerihost Properties, Inc. dba Arlington Hospitality, Inc. (Nasdaq/NM: HOST) today announced its earnings results for the first quarter ended March 31, 2001. Net loss for the quarter was ($620,118), or ($0.13) per diluted share, compared to a net loss of ($904,080), or ($0.18) per diluted share in 2000. Net income plus depreciation was $501,228 during the first quarter of 2001, increasing 151% from $199,744 for the first quarter of 2000. Revenues fo...
Host Marriott Corp Reports 1st Qtr Occupancy of 73.3% vs 76.2%, RevPAR Increased 0.2% / May 2001
February 28, 2001
Hotel Online Special Report Host Marriott Corp Reports 1st Qtr Occupancy of 73.3% vs 76.2%, RevPAR Increased 0.2% Hotel Operational Data First Quarter Funds From Operations Of $.41 Per Diluted Share BETHESDA, Md., May 2, 2001 - Host Marriott Corporation (NYSE: HMT) today reported its first quarter 2001 results of operations, noting that diluted Comparative Funds From Operations per share was $.41 per diluted share for the quarter, a five percent improvement over first quarter 2000 Comparative FFO of $.39 per diluted share. The company also reported that Earnings Before...
Hotel and Restaurant Workers Union Launches Website For Franchisees of Hilton Hotels Corp. / May 2001
February 28, 2001
Hotel Online Special Report Hotel and Restaurant Workers Union Launches Website For Franchisees of Hilton Hotels Corp. WASHINGTON - May 29, 2001--Franchisees of Hilton Hotels Corp. (NYSE:HLT - news) now have a dedicated website (www.youownhilton.com) courtesy of The Hotel Employees and Restaurant Employees International Union (HERE). The site is part of HERE's program to build a mutually beneficial working relationship with the owners of Hilton franchises across North America. It follows on the heels of a survey the Union sent to Hampton Inn owners and general managers, a Hilton brand that claims more than 2/3'...
HERE Taking Labor Dispute with Hotel Del Coronado Online / May 2001
February 28, 2001
Hotel Online Special Report HERE Taking Labor Dispute with Hotel Del Coronado Online SAN DIEGO - May 2, 2001--Today, the Hotel Employees Restaurant Employees Union Local 30 (HERE) has taken its labor dispute against the Hotel Del Coronado to the internet by launching a new website: www.BoycottHotelDel.org. Weve been letting potential customers know about our boycott the old-fashioned way up till now, with mailings, phone calls, leafleting and picketing, said Jef Eatchel, Secretary Treasurer of HERE Local 30. A lot of folks now are using the internet to make vacation decisions and book their stays. Wh...
Herman Dupre Presented the Sherman Adams Award for Contributions to the Ski Industry / May 2001
February 28, 2001
Hotel Online Special Report Herman Dupre Presented the Sherman Adams Award for Contributions to the Ski Industry LAKEWOOD, Colo., May 11, 2001 - On Thursday, May 10, the National Ski Areas Association (NSAA) presented the Sherman Adams Award to Herman Dupre, whose family owns Seven Springs Mountain Resort in Champion, Pennsylvania. The presentation occurred at the National Ski Areas Association's national convention and trade show that is being held at the La Quinta Resort in Palm Desert, California. The Sherman Adams Award was established 25 years ago and is named after the former governor of New Hampshire...
Affiliates of Hyatt Corp and The Robert Mayer Corp Start Construction on 519-room Hyatt Regency Grand Coast Resort, Huntington Beach, California / M
February 28, 2001
Hotel Online Special Report Affiliates of Hyatt Corp and The Robert Mayer Corp Start Construction on 519-room Hyatt Regency Grand Coast Resort, Huntington Beach, California CHICAGO- April 23, 2001 - Affiliates of Chicago-based Hyatt Corporation and The Robert Mayer Corporation, have secured funding in a joint venture to build a privately-financed waterfront Hyatt resort overlooking the Pacific Ocean in scenic Huntington Beach, California. Known as Surf City for its eight miles of white, sandy beaches and world-class surfing competitions, this Southern California beach community is an icon of the California...
Good Morning News, a Daily Newspaper for Distribution in Hotels, Launches New Edition; Brazil / May 2001
February 28, 2001
Hotel Online Special Report Good Morning News, a Daily Newspaper for Distribution in Hotels, Launches New Brazil Edition Brazil News for Good Morning News April 30, 2001 - Good Morning News has launched a new edition: Brazil. Specifically, it gives Brazilian readers a complete overview on daily events world-wide and in their own country. Good Morning News is a daily newspaper for distribution in hotels. There are 7 different editions of Good Morning News available from Monday to Friday: Brazil, France, Spain, Italy, Germany, United Kingdom and United States. Good Morning News is probably the leading co...
The Mississippi Band of Choctaw Indians Receives $200 million from the Issuance of its Senior Notes for Contruction of the Golden Moon Hotel & Casino
February 28, 2001
Hotel Online News for the Hospitality Executive The Mississippi Band of Choctaw Indians Receives $200 million from the Issuance of its Senior Notes for Contruction of the Golden Moon Hotel & Casino CHOCTAW RESERVATION, Miss. - May 2, 2001--The Mississippi Band of Choctaw Indians d/b/a Choctaw Resort Development Enterprise has received from escrow the $200 million in proceeds from the issuance of its 9 ¼% Senior Notes due 2009. The funds were released following a ruling by the Supreme Court of the Mississippi Band of Choctaw Indians, favorable to Chief Phillip Martin and the Tribe. On April 19, 2001, the Supreme Court ...
The Ginn Co. Planning 3,000 Hotel Rooms, 3 Golf Courses for the Reunion Resort & Club Development South of Walt Disney World / May 2001
February 28, 2001
Hotel Online News for the Hospitality Executive The Ginn Co. Planning 3,000 Hotel Rooms, 3 Golf Courses for the Reunion Resort & Club Development South of Walt Disney World By Jack Snyder, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News May 24--Another sprawling resort will soon be under construction alongside Interstate 4 just south of Walt Disney World. The 2,500-acre Reunion Resort & Club straddles I-4 in northwest Osceola County near the Polk County line. It has a project value of $2 billion once it is fully developed and sold. The portion on the west side of I-4 is just north of ChampionsG...
The $1 billion Meadowlands Golf Resort and Village Project Up Against Environmental Permitting Process / May 2001
February 28, 2001
Hotel Online News for the Hospitality Executive Hackensack, N.J.-Area Resort Dream Takes Shape By Hugh R. Morley, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News May 6--Like the king of the hill, Bill Gauger stood atop a 100-foot high trash mountain in North Arlington and laid out his vision for a chunk of the Meadowlands below. A light wind billowed through the dry swamp grass as Gauger, the president of developer EnCap Golf Inc., sketched out the company's $1 billion plan to transform the mess of disjointed trash heaps, industrial debris, and swamps into a golfers' paradise and more. Here wou...
Las Vegas Casino Entertainment Director Revels in Scene on `Strip' / May 2001
February 28, 2001
Hotel Online News for the Hospitality Executive Las Vegas Casino Entertainment Director Revels in Scene on `Strip' By Hubble Smith, Las Vegas Review-Journal Knight Ridder/Tribune Business News Apr. 30--Ginny Murphy realized the power of the entertainment world when she was a volunteer secretary for the Beatles fan club in the New York area during the 1960s and rumors of Paul McCartney's death kept her home phone ringing off the hook. "I remember how all those girls' lives were touched by the Beatles," she said. As entertainment director for the Tropicana, Murphy sees the same thing happen in Las Vegas with spec...
The Next Generation / Geoffrey H. Lipman, Chairman, Global Travel Exchange (GTREX) / May 2001
February 28, 2001
Hotel Online Special Report The Next Generation - Geoffrey H. Lipman, Chairman, Global Travel Exchange (GTREX) Remarks to ENTER Conference 2001 Montreal Canada 26th April 2001 I am here as a generalist with very little technical background, but with a firm belief That todays dot com gloom and doom is a passing glitch on a long term dynamic growth trend for this sector of the economy That after the inevitable downturn we are headed for what the futurist Herman Kahn once called the coming economic boom and That the intersect of the industries represented at this conference InfoTech / Telec...
Wyndham Appoints Gary Gutierrez, Dave Rossman and Ian Harvey to Management Positions / May 2001
February 28, 2001
Hotel Online Special Report Wyndham Appoints Gary Gutierrez, Dave Rossman and Ian Harvey to Management Positions DALLAS (May 1, 2001) - Wyndham International, Inc. (NYSE: WYN) recently announced three new appointments in the east coast area including: Gary Gutierrez as area director of operations and general manager for the newly renovated 352-room Wyndham City Center in Washington, D.C.; Dave Rossman as general manager for the 394-room Wyndham Newark Airport in New Jersey; and, Ian Harvey as general manager of the 320-room Wyndham Roanoke Airport in Virginia. Gary Gutierrez As area director of operations, Guti...
Gerald Glennon Appointed Executive Assistant Manager at Halekulani / May 2001
February 28, 2001
Hotel Online Special Report Gerald Glennon Appointed Executive Assistant Manager at Halekulani -- HONOLULU, HI -- May 2001 -- Halekulani, Honolulus most prestigious luxury hotel, is pleased to announce the appointment of Mr. Gerald Glennon as Executive Assistant Manager. Mr. Glennon comes to Halekulani from Sofitel Miami, part of the Paris based Group Accor, where he spent two years as Director of Food and Beverage before being appointed as the hotels General Manager in 1995. Prior to Sofitel Miami, he served as Executive Assistant Manager of Sofitel San Francisco. Mr. Glennons illustrious career...
Gregory J. Cross Named Senior Vice President-Revenue Management of Hilton Hotels Corp. / May 2001
February 28, 2001
Hotel Online Special Report Gregory J. Cross Named Senior Vice President-Revenue Management of Hilton Hotels Corp. BEVERLY HILLS, Calif - April 27, 2001--Gregory J. Cross has been named senior vice president-revenue management of Hilton Hotels Corp., according to Dieter Huckestein, executive vice president, Hilton Hotels, and president-hotel operations, owned and managed. Cross most recently served as vice president-revenue management for the company. In his position, Cross will be responsible for planning and directing revenue management strategies and pricing policy, and for developing and implementing the us...
Frisch's Restaurants, Inc. Sells Quality Hotel and Suites in Norwood, Ohio to the Stevens Hotel Group,LLC for $3,900,000 / May 2001
February 28, 2001
Hotel Online Special Report Frisch's Restaurants, Inc. Sells Quality Hotel and Suites in Norwood, Ohio to the Stevens Hotel Group, LLC for $3,900,000 CINCINNATI, May 15, 2001 - Frisch's Restaurants, Inc. (Amex: FRS) announced today that it has sold the Company's Quality Hotel and Suites in Norwood, Ohio to the Stevens Hotel Group, LLC for $3,900,000, completing the disposal of its two hotels so that the company can concentrate on its restaurant operations. The net proceeds from the sale will be used to pay down short-term debt. The transactions are not expected to result in any significant gain or loss from a...
McChesney Partners LLC Appoints Ridgewood Hotels, Inc. to Manage The Foundry Park Inn & Spa, Athens, Georgia / May 2001
February 28, 2001
Hotel Online Special Report McChesney Partners LLC Appoints Ridgewood Hotels, Inc. to Manage The Foundry Park Inn & Spa, Athens, Georgia ATLANTA - May 3, 2001--The Foundry Park Inn & Spa, a 119-room boutique property will be the centerpiece of a $5 million development of a historic 3.796-acre site at the edge of downtown Athens. Atlanta developers McChesney Partners LLC announced the restoration and modernization project, which is scheduled to open in September 2001. We are also delighted to announce that Ridgewood Hotels, Inc., whose portfolio includes the Chateau Elan Hotels & Resorts branded group of luxur...
Santa Barbara, Calif., Officials Blocks Proposal for Waterfront Hotel / May 2001
February 28, 2001
Hotel Online News for the Hospitality Executive Santa Barbara, Calif., Officials Blocks Proposal for Waterfront Hotel By Joshua Molina, Santa Barbara News-Press, Calif. Knight Ridder/Tribune Business News May 4--Fess Parker's plans for a waterfront hotel suffered a potentially fatal blow on Thursday. The city's community development director, Dave Davis, declared that Parker's latest hotel proposal strayed too far from the plans originally approved by the city in 1993. As a result, it cannot be built. The decision, which cannot be appealed, still leaves Parker with options for some kind of waterfront hotel: -...
Hotels should take advantage of 'An Entire Society of Fantasy Seekers' / Michael Terry, Ph. D. / May 2001
February 28, 2001
Hotel Online Special Report Hotels should take advantage of An Entire Society of Fantasy Seekers Michael Terry, Ph. D., CHA - May 2001 Our Millennium Society is on a high-speed treadmill, attempting to keep the plates spinning ..boss, deadlines, friends, appointments, children, school, diets, parties, grandchildren, priorities, finances, parents, classes, grandparents, workouts, groceries, projects, yesterday, today, tomorrow, every waking moment and more. Faster, better, stronger, higher, cheaper ..and there is only one way to make the hammer stop, albeit temporarily. VACATION IMMERSION!!!!!!! At thi...
