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Mandarin Oriental International Limited Grows Hotels from 12 to 20; Expects 2001 Results to Benefit from the Restored Mandarin Oriental Hyde Park / F
January 30, 2001
Hotel Online Special Report Mandarin Oriental International Limited Grows Hotels from 12 to 20; Expects 2001 Results to Benefit from the Restored Mandarin Oriental Hyde Park 26th February 2001 Hong Kong recovery gathering momentum Integration of The Rafael Group successfully completed London hotel reopened and new Miami hotel launched Results Year ended 31st December 2000 US$m 1999 US$m Change % Combined total revenue of hotels under management 473 342 +38 Profit before interest and tax 53 42 +25 Profit after tax and minority interests 18 17 +4 ...
Marriott International Posts Record 2000 Fourth Quarter And Full Year Earnings / Feb 2001...
January 30, 2001
Hotel Online Special Report Marriott International Posts Record 2000 4th Quarter And Full Year Earnings Hotel Operating Statistics Full year EPS was $1.92, excluding $0.03 one-time charge in first quarter 2000 Domestic comparable REVPAR growth surged 6.7 percent in 2000 across all lodging brands, 7.2 percent in the fourth quarter alone The company opened 238 lodging properties (39,995 rooms) in 2000, reaching nearly 2,100 properties in its worldwide system WASHINGTON DC - Feb 6, 2001 - Marriott International today reported record full year earnings of $1.89 per share, up 25 percent from $1.51 for t...
Marriott International and Bulgari SpA to Launch New Luxury Hotel Brand, Bvlgari Hotels & Resorts; William R. Tiefel Will Head the New Luxury Group /
January 30, 2001
Hotel Online Special Report Marriott International and Bulgari SpA to Launch New Luxury Hotel Brand, Bvlgari Hotels & Resorts; -- William R. Tiefel Will Head the New Luxury Group Marriott Will Operate Bvlgari Hotels & Resorts and Ritz-Carlton Through New Luxury Group WASHINGTON, Feb. 13, 2001 - Marriott International, Inc. (NYSE: MAR), one of the worlds largest hospitality companies, said today that it was forming a joint venture with Bulgari SpA (Milan: BUL) to launch a new luxury hotel brand, Bvlgari Hotels & Resorts. The new brand will be designed by Bulgari to leverage their striking Italian cont...
Little America Hotel & Resorts Appoints Edward Box, Mark Erekson and Michael Moore to Executive Positions / Feb 2001...
January 30, 2001
Hotel Online Special Report Little America Hotel & Resorts Appoints Edward Box, Mark Erekson and Michael Moore to Executive Positions SALT LAKE CITY, Feb. 12, 2001 - Edward Box has been named General Manager of the Little America Hotel and Towers. The hotel has completed major remodeling within the last three years. Box has more than 35 years of experience in hotel management, primarily within the Little America Hotel organization. Box also served as the General Manager of the Little America Hotel and Travel Center in Little America, Wyoming; and was Director of Food and Beverage for the Little America Hote...
Century International Hotels Names Mark Simmons as VP – Sales and Marketing and Leslie Leung Named GM of Century Inn North Point, Hong Kong / Fe
January 30, 2001
Hotel Online Special Report Century International Hotels Names Mark Simmons as VP - Sales and Marketing and Leslie Leung Named GM of Century Inn North Point, Hong Kong February 2001 Mr Brian Deeson, President and CEO of Century International Hotels, is pleased to announce the promotion of Mark Simmons to Vice President - Sales and Marketing for Century International Hotels based in Hong Kong. In his new capacity, Mr Simmons will spearhead all sales and marketing activities of Century International Hotels. He will also be responsible for strategic planning, as well as the formulation and implementation of ...
Lenox Hotels Completes $2.5 million Conversion of the 140-room Days Hotel on the Harbor in Providence to the Radisson Hotel Providence Harbor / Feb 20
January 30, 2001
Hotel Online Special Report Lenox Hotels Completes $2.5 million Conversion of the 140-room Days Hotel on the Harbor in Providence to the Radisson Hotel Providence Harbor PROVIDENCE, R.I., February 5, 2001 Lenox Hotels, a New England-based full service hotel ownership, management and construction company, today announced that it has completed the conversion of the 140-room Days Hotel on the Harbor in Providence to the Radisson Hotel Providence Harbor. The company spent approximately $2.5 million to upgrade the property to the Radisson standards. Converting the Days Hotels on the Harbor in Providence to ...
Legacy Hotels REIT RevPAR Grew 1.5% In 2000 for the 21 Hotel Portfolio / Feb 2001...
January 30, 2001
Hotel Online Special Report Legacy Hotels REIT RevPAR Grew 1.5% In 2000 for the 21 Hotel Portfolio 2000 Distributable Income Up 12.6% TORONTO, February 8, 2001 Legacy Hotels Real Estate Investment Trust (Legacy) announced today its unaudited financial results for the three months and audited financial results for the year ended December 31, 2000. Legacy expects to release its 2000 annual report in March. For the fourth quarter of 2000, gross operating revenues totalled $125.2 million, representing a gain of 8.5% compared to the same quarter in 1999. Operating income from hotels operations, or ...
Legacy Hotels Real Estate Investment Trust Purchases the The Fairmont Empress in Victoria, British Columbia, and Fairmont Le Château Frontenac i
January 30, 2001
Hotel Online Special Report Legacy Hotels Real Estate Investment Trust Purchases the The Fairmont Empress in Victoria, British Columbia, and Fairmont Le Château Frontenac in Quebec City, Quebec TORONTO, February 1, 2001 -- Legacy Hotels Real Estate Investment Trust (Legacy) is pleased to report that it has completed the purchase of the previously announced acquisition of The Fairmont Empress in Victoria, British Columbia, and Fairmont Le Château Frontenac in Quebec City, Quebec. The two resorts were purchased from a wholly owned subsidiary of Canadian Pacific Hotels & Resorts Inc. (CPH&R) and have ...
Diplomat Hotel Corp. Becomes La Quinta Inns First Franchisee / Feb 2001...
January 30, 2001
Hotel Online Special Report Diplomat Hotel Corp. Becomes La Quinta Inns First Franchisee DALLAS, Feb. 7, 2001 - La Quinta Inns, Inc. signed its first franchisee agreement under its new franchise program with Atlanta-based Diplomat Hotel Corp. La Quintas first franchised property will be built on the north side of Atlantas Hartsfield International Airport on Virginia Avenue and is expected to open late 2001. Diplomat Hotel Corp. will develop a new 160-room La Quinta® Inn & Suites prototype featuring a residential style as well as La Quintas latest decor, designs and amenities. The new Inn & Su...
Las Vegas Gambles on Monorail and Seattle Pays Attention / Feb 2001...
January 30, 2001
Hotel Online News for the Hospitality Executive Las Vegas Gambles on Monorail and Seattle Pays Attention By Andrew Garber, The Seattle Times Knight Ridder/Tribune Business News Feb. 18--LAS VEGAS, Nev.--There's a price to pay for the casinos and bright lights, for the seminude dancers gyrating across billboards and for the fireballs that burst from a fake volcano on the Strip. It's called gridlock. About 34 million people annually flood the Strip to gawk at the sights. They snarl traffic in the process. "It can take 20 minutes to go about a mile," says Marc Dinsmore, 53, who has been driving a cab in Las Vegas f...
Linda Ghaffari, Formerly the Director of Operations for Bass Hotels & Resorts, Named Vice President of Asset Management for FelCor Lodging Trust Incor
January 30, 2001
Hotel Online Special Report Linda Ghaffari, Formerly the Director of Operations for Bass Hotels, Named VP of Asset Management for FelCor Lodging Trust Incorporated IRVING, Texas...February 26, 2001 - Linda Ghaffari has been named Vice President of Asset Management for FelCor Lodging Trust Incorporated (NYSE:FCH), one of the nations largest hotel real estate investment trusts (REITs). As Vice President of Asset Management, Ghaffari will be responsible for overseeing a portion of the Companys Holiday*-branded hotel portfolio. Im pleased to announce Ms. Ghaffaris appointment to the FelCor team. Her extensiv...
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January 30, 2001
Hotel Online Special Report Lodging Executives Sentiment Flying High Above Other Indicators Do we know something they dont. Durham, N.H., Feb. 5, 2001 -- Lodging executives sentiment soared above last months readinga second consecutive monthly increase in the index. The future business activity index jumped from 54.4 to 77.8. Since its inception, the current situation index has always outpaced the future business activity index. This month, they are paired at 77.8 with the Lodging Executives Sentiment Index (LEsI) for January pegging at the identical number, a healthy increase from last months 6...
Marriott International Sales the Ritz-Carlton Kapalua Hotel For 144US$ Million to Capital Hotel Investments LLC / Feb 2001...
January 30, 2001
Hotel Online Special Report Marriott International Sales the Ritz-Carlton Kapalua Hotel For 144US$ Million to Capital Hotel Investments LLC WASHINGTON, Feb. 2, 2001 - Marriott International, Inc. today announced the sale of the Ritz-Carlton Kapalua (Maui, Hawaii) for approximately $144 million to Capital Hotel Investments LLC, a joint venture between Marriott International and affiliates of Blackacre Capital Management LLC. In September 2000, Marriott International acquired the Ritz-Carlton Kapalua (for a total cost of approximately $144 million) in expectation of subsequently selling the hotel and retaining a...
A&B Properties Plans Hotel Near Kahului Airport On Maui; Begins Approval Process for Small, Business-Oriented Hotel / Feb 2001...
January 30, 2001
Hotel Online Special Report A&B Properties Plans Hotel Near Kahului Airport On Maui; Begins Approval Process for Small, Business-Oriented Hotel KAHULUI, Maui - Feb. 7, 2001 - A&B Properties, Inc, a subsidiary of Alexander & Baldwin, Inc. (Nasdaq:ALEX) is pursuing the development of a small business-oriented hotel close to the Kahului Airport on Maui and near the islands major business, government and population center. The property identified for hotel use, a 3.35-acre parcel, is bounded by Haleakala Highway (which runs behind the airport) and Keolani Place (the street leading into the airport). The site ...
Speakers Set for Fifth Annual Canadian Hotel Investment Conference / Feb 2001...
January 30, 2001
Hotel Online Special Report Speakers Set for Fifth Annual Canadian Hotel Investment Conference February 12, 2001 - KPMG Hospitality Leisure and Tourism and Colliers International Hotel Realty are hosting the Fifth Annual Canadian Hotel Investment Conference on March 6th & 7th, 2001 at the Royal York Hotel in Toronto. Highlights of the Conference will be the View From the Top session with Tom Oliver, Chairman & CEO, Bass Hotels and Resorts; William Fatt, Chairman & CEO, Fairmont Hotels and Resorts; Kathleen Taylor, President Worldwide Business Operations, Four Seasons Hotels and Resorts; and Robert Parsons,...
Jackson Hole Mountain Resort and Louis Dreyfus Property Group Developing a Four Seasons Ski Resort Property at Jackson Hole Mountain Resort, WY / Feb
January 30, 2001
Hotel Online Special Report Jackson Hole Mountain Resort and Louis Dreyfus Property Group Developing a Four Seasons Ski Resort Property at Jackson Hole Mountain Resort, WY JACKSON HOLE, Wyo., Feb. 6, 2001 - Jackson Hole Mountain Resort and Louis Dreyfus Property Group today announced plans for their first ski resort property in Jackson Hole, Wyoming, USA in partnership with Four Seasons Hotels Inc. (NYSE: FS; Toronto: FSH), the worlds leading operator of luxury hotels. The property, which will be called Four Seasons Resort Jackson Hole, is situated on a prime location in Teton Village next to the main li...
John Q. Hammons Hotels, Inc. Reports 2000 RevPAR Up 6.5% from 1999 / Feb 2001...
January 30, 2001
Hotel Online Special Report John Q. Hammons Hotels, Inc. Reports 2000 RevPAR Up 6.5% from 1999 Hotels Operating Data EBITDA Up 19.4% for the Year 2000 SPRINGFIELD, Mo - Feb. 14, 2001 -- John Q. Hammons Hotels, Inc. (AMEX:JQH - news) today reported total earnings before interest expense, taxes, depreciation, and amortization (EBITDA) of $30.5 million for the fourth quarter ended December 29, 2000, up 7.0% compared to the 1999 fourth quarter EBITDA of $28.5 million. Total revenue for the 2000 fourth quarter increased to $109.4 million, up 11.4% from $98.2 million in the 1999 fourth quarter. EBITDA for th...
City of Irving Seeking Developer to Build 450-Room Hotel Next to Planned Las Colinas Convention Center / Feb 2001...
January 30, 2001
Hotel Online Special Report City of Irving Seeking Developer to Build 450-Room Hotel Next to Planned Las Colinas Convention Center San Francisco, CA. February 20, 2001 - PKF Consulting, the national hospitality consulting firm has been selected by the City of Irving, Texas, to manage the RFQ/RFP process for the development of a first-class, 450-room full-service hotel on a site adjacent to the planned 350,000-square foot Irving Convention Center, according to John Keeling, Senior Vice President and head of PKF Consultings Texas practice. Ideally, Keeling added, the proposed hotel would be constructed simultaneousl...
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January 30, 2001
Hotel Online Special Report Indomitable Disney Bad News Doesnt Tarnish the Mouse; Slowing Economy Another Matter By Sandi Cain Staff Reporter Orange County Business Journal February 12, 2001 - The ballyhooed opening of Walt Disney Co.s new California Adventure theme park last week came on the heels of two years of mishaps and bad news for the happiest place on earth. Since December 1998, Disneyland California Adventure dcacentral.com has had to deal with a spate of accidents, disappointed visitors who were turned away at the gate and the threat of rolling blackouts at its flagship Anaheim pa...
Expression of Interest – Hotel Properties of India Tourism / February 2001...
January 30, 2001
Restructuring/ Disinvestment Feburary 8, 2001 This announcement is neither a prospectus nor an offer or an invitation for sale of shares, securities or debentures to the public. EXPRESSION OF INTEREST SECOND TRANCHE 1. Background In continuation of the advertisement in The Economic Times, Business Standard and The Financial Express of December 11, 2000 inviting Expression of Interest ("EOI") for 8 properties, 9 more hotel properties of India Tourism Development Corporation ("ITDC" or the "Company") are being offered either (a) to established hotel chains for operating on a long-term structured contract ...
Ira Ury Named Franchise Salesperson of the Year by US Franchise Systems / Feb 2001...
January 30, 2001
Hotel Online Special Report Ira Ury Named Franchise Salesperson of the Year by US Franchise Systems ATLANTA, Feb. 1, 2001 - Ira Ury has been named Franchise Salesperson of the Year by US Franchise Systems (USFS), parent company of the franchisors of the Microtel, Hawthorn and Best Inns & Suites hotel chains. The award - presented recently at the Companys awards banquet in Atlanta - is given annually to the USFS salesperson with exceptional sales results and who is most representative of the Company and its ideals. Ury is a 10-year hospitality industry veteran and responsible for the sale and development of...
High Hotel Disposition Transactions in Western US / Insignia/ESG / Feb 2001...
January 30, 2001
Hotel Online Special Report Multiple Hotel Deals Completed in Western US Early 2001 / Insignia/ESG New York, NY - February 1, 2001 - Insignia/ESG Hotel Partners has recently completed five hotel disposition assignments in the Western US: the Convention Center Hotel & Casino (Formerly Debbie Reynolds Hotel and Casino) in Las Vegas, Nevada (owned by WWF); Marriott Renaissance Resort & Spa in Teton Village, Wyoming; Radisson San Gabriel Valley in Baldwin Park, California; Sleep Inn in South Jordan, Utah; and a hotel site in San Leandro, California. The 193-room Convention Center Hotel & Ca...
Hyatt Hotels Now Offers Starbucks Coffee In all North American Restaurants, Room Service and Banquets / Feb 2001...
January 30, 2001
Hotel Online Special Report Hyatt Hotels Now Offers Starbucks Coffee In all North American Restaurants, Room Service and Banquets CHICAGO & SEATTLE - Feb. 20, 2001- Hyatt Hotels Corporation and Starbucks Coffee Company (Nasdaq:SBUX) announced today they have signed an agreement, which will make Starbucks® coffee available at more than 100 Hyatt properties across North America. Were very excited to offer the worlds premier specialty coffee, said George Vizer, vice president food & beverage, Hyatt Hotels Corporation. This relationship speaks volumes about the quality of both the Hyatt and Starbucks...
Dieter Huckestein, Executive VP of Hilton Hotels Corporation and President – Hotel Division, Nominated as the Candidate for AH&MA Secretary / Tr
January 30, 2001
Hotel Online Special Report Dieter Huckestein, Executive VP of Hilton Hotels Corporation and President - Hotel Division, Nominated as the Candidate for AH&MA Secretary / Treasurer Washington, February 7, 2001 Dieter Huckestein, executive vice president of Hilton Hotels Corporation and president - hotel division, has been selected as the candidate for secretary/treasurer of the American Hotel & Motel Association (AH&MA) by the AH&MA Nominating Committee. The vote will be taken during the associations Annual Meeting of Members on Saturday, November 10, 2001, during the AH&MA Fall Conference held in New York City. I...
