Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
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The Best Travel Website Goes to Expedia.com® in Five Head – to – head Reviews / June 2000
February 28, 2000
Hotel Online Special Report The Best Travel Website Goes to Expedia.com® in Five Head - to - Head Reviews Yahoo! Internet Life, Gomez Advisors, PC World, SATW, And Ziff Davis Smart Business Recognize Expedia.com BELLEVUE, Wash., June 5, 2000 - In an unprecedented display of recognition for an online travel service, the Expedia.com® travel service (http://www.expedia.com) swept a series of key head-to-head reviews and awards for the best travel website. Hailed as the best user experience out there* by Yahoo! Internet Life and an excellent consumer value by Gomez.com, the reviews consisten...
Olympus Real Estate Corporation Acquires the Equinox, Historic Resort in Manchester Village, Vermont; Resort to Become Part of Rockresort Brand / June
February 28, 2000
Hotel Online Special Report Olympus Real Estate Corporation Acquires the Equinox, Historic Resort in Manchester Village, Vermont; Resort to Become Part of Rockresort Brand DALLAS - June 22, 2000-- Olympus Real Estate Corporation, a leading real estate investment firm, today reported that it has acquired The Equinox, a 183-room resort located in Manchester Village, Vermont. Equinox Resort Associates, LP (ERA), an affiliate of the Galesi Group and Callaghan & Partners, and the previous owner of the resort, will participate in the transaction alongside Olympus. Financial Terms of the transaction were not disclose...
EatecNet Food and Beverage Management Software Providing the Enchantment Resort with Cost of Goods Reduction of 1-2% / June 2000
February 28, 2000
Hotel Online Special Report EatecNet Food and Beverage Management Software Providing the Enchantment Resort with Cost of Goods Reduction of 1-2% Emeryville, CA June 12, 2000 - Enchantment Resort, a luxury resort and spa facility located in the high desert plains of Arizona, is giving EatecNet Food and Beverage Management Software rave reviews. Steve Branson, Director of Purchasing for Enchantment, says that since implementing EatecNet, the resort has lowered its cost of goods by 1-2%. The savings have resulted from EatecNets improved controls for purchasing, receiving, requisitions and transfers which su...
WizCom Meets Industry Need for Easy and Efficient Hotel Property Information Updates; Best Western and Cendant Hotels On Board as First Customers / Ju
February 28, 2000
Hotel Online Special Report WizCom Meets Industry Need for Easy and Efficient Hotel Property Information Updates Best Western and Cendant Hotels On Board as First Customers PARSIPPANY, N.J - June 13, 2000 -- Cendant Internet Group, a unit of Cendant Corporation (NYSE:CD), today announced that the Companys subsidiary, WizCom International, Ltd. (WizCom), a leading supplier of reservation and information management systems for the travel industry, officially launched EasyAccess HOD to streamline the distribution system for hotel description information. EasyAccess HOD is a revolutionary Web-based application ...
Equity Inns Reduces Dividend; Cites Higher Overall Interest Rates / June 2000
February 28, 2000
Hotel Online Special Report Equity Inns Reduces Dividend; Cites Higher Overall Interest Rates GERMANTOWN, Tenn - June 21, 2000--Equity Inns, Inc. (NYSE:ENN - news), a hotel real estate investment trust (REIT), today announced that it will reduce its quarterly cash dividend to $0.25 per share of common stock from $0.31 per share of common stock, beginning with the second quarter ending June 30, 2000. The company also said that it expects full year 2000 funds from operations (FFO) per share will be approximately 7 percent lower than the current consensus analysts estimate of $1.48. The board of directors appr...
Donald T. Vaughn Named Senior Vice President, Sales & Marketing Stanfield Hospitality Consultants, LLC / June 2000
February 28, 2000
Hotel Online Special Report Donald T. Vaughn Named SVP, Sales & Marketing at Stanfield Hospitality Consultants, LLC Richard M Brooks, CHA Named to Stanfield Hospitality Consultants Board of Advisors June 17, 2000 - Nashville, TN - Rick Stanfield, CHA, President & CEO of Stanfield Hospitality Consultants, LLC announced today the appointment of Donald T. Vaughn as Senior Vice President, Sales & Marketing. Vaughn has 30 years of sales, marketing, public relations, operations and management experience in the transportation, financial, aviation, entertainment and hospitality arenas. He strongly believes if you can ...
David L. Rea Named CFO of La Quinta Inns, Inc. and Stephen T. Parker Appointed SVP of Marketing / June 2000
February 28, 2000
Hotel Online Special Report David L. Rea Named CFO of La Quinta Inns, Inc. and Stephen T. Parker Appointed SVP of Marketing DALLAS - June 20, 2000--La Quinta® Inns, Inc. announced today that David L. Rea, newly appointed chief financial officer of The Meditrust Companies, will also assume the role of chief financial officer of La Quinta Inns, Inc. and that Stephen T. Parker has been appointed senior vice president of marketing. These additions solidify the management team, providing the company additional depth and strategic vision as La Quinta continues to leverage the power of its brand to reinvigorate market...
Former Hyatt Executive Dennis DuBois, Joins Daylight Software as CFO / June 2000
February 28, 2000
Hotel Online Special Report Former Hyatt Executive Dennis DuBois, Joins Daylight Software as CFO Dover, N.H. June 12, 2000 - Dennis DuBois, a 15-year veteran of the hospitality industry, has been appointed Chief Financial Officer of Daylight Software, Inc. Dubois brings to Daylight significant finance, technology management and customer service experience, said William Duncan, Daylights President and CEO. Dennis provides a strong combination of financial and strategic planning that provides a solid foundation for the companys future growth. Before joining the Daylight team, Dennis worked at the corp...
Crestline Capital, Bedrock Partners Form Joint Venture to Acquire, Manage $250 million of Hotels / June 2000
February 28, 2000
Hotel Online Special Report Crestline Capital, Bedrock Partners Form Joint Venture to Acquire, Manage $250 million of Hotels BETHESDA, MD, June 2, 2000 Crestline Capital Corporation (NYSE: CLJ), a major investor, lessee and manager of hotel real estate, today announced that it has entered into a letter of intent to form a joint venture with Bedrock Partners II, LP to acquire $250 million of hotels over the next two to three years. The joint venture plans to acquire approximately 15 to 20 primarily mid-priced full-service properties with significant turnaround potential, perform extensive renovati...
The $400 million Opryland Hotel Texas Commences Construction / June 2000
February 28, 2000
Hotel Online Special Report The $400 million Opryland Hotel Texas Commences Construction 1,500-Room Property To Open In Grapevine In 2003 GRAPEVINE, Texas, June 7, 2000 - Construction of the 1,500-room Opryland Hotel Texas is underway after a Texas-style groundbreaking ceremony featuring a 3,000-pound branding iron and an old-fashioned barn-raising. Officials from the Opryland Hospitality Group and its parent company, Gaylord Entertainment (NYSE: GET), were joined in the ceremony by representatives of the City of Grapevine and a group of meeting professionals who already have booked meetings at the p...
25 Royal Caribbean International Executive Chefs Inducted Into Chaine Des Rotisseurs Dining Society / June 2000
February 28, 2000
Hotel Online Special Report 25 Royal Caribbean International Executive Chefs Inducted Into Chaine Des Rotisseurs Dining Society MIAMI, June 9, 2000 - Royal Caribbean International announced today that it has been inducted into the Chaine des Rotisseurs Society, the oldest and most prestigious dining society in the world. Norman Cohn, Charge de Missions des Etats-Unis of Chaine des Rotisseurs, inducted 25 Executive Chefs from across the fleet, which represents the largest number of chefs ever inducted from any cruise line. This honor reinforces our commitment to culinary excellence fleet-wide, said Maria Sastre...
CAIS (Internet Access) Makes $4.2 million Equity Investment in INNCOM (Energy Control); Will Jointly Offer High Speed Internet and In-room Automation
February 28, 2000
Hotel Online Special Report CAIS (Internet Access) Makes $4.2 million Equity Investment in INNCOM (Energy Control); Will Jointly Offer High Speed Internet and In-room Automation Solutions WASHINGTON, DC June 21, 2000 - CAIS Internet [NASDAQ: CAIS], the leading provider of broadband Internet access solutions to hotels, and INNCOM, the leading provider of guestroom energy control systems, will jointly offer the most advanced, integrated, high speed Internet and in-room automation solutions for hotel guests nationwide. Using the existing in-building network that CAIS deploys, INNCOMs solution will result ...
Spains's Occidental Hoteles and the Italy Hotel Chain Grupo Boscolo Align / June 2000
February 28, 2000
Hotel Online Special Report Spains's Occidental Hoteles and the Italy Hotel Chain Grupo Boscolo Align Madrid, 22 June 2000: Occidental Hoteles has signed a strategic alliance with Grupo Boscolo, one of Italys major tourist groups, thus ensuring its incorporation into this important market. Under this alliance, both groups undertake to carry out joint marketing and commercial activities, and to encourage the exchange between their respective training schools, analysing possible collaboration in the expansion of both companies. This is a new step within the expansion plan initiated by Grupo Occidental Hoteles to...
First Major Divestiture of Mirage Non-strategic Assets, 11 Paintings Sold for $124 million / June 2000
February 28, 2000
Hotel Online Special Report First Major Divestiture of Mirage Non-strategic Assets, 11 Paintings from Bellagio Collection Sold for $124 million LAS VEGAS, June 5, 2000 - MGM Grand, Inc. (NYSE: MGG) today announced the sale of 11 paintings from the collection at the former Bellagio Gallery of Fine Art for a total sales price of approximately $124 million. Three of the paintings were sold to Mr. Stephen Wynn, former Chairman of Mirage Resorts, Incorporated, which was acquired last week by MGM Grand. MGM Grand, Inc. has identified a number of additional paintings that it may sell in the future. The Co...
b-there.com Aligns with IAEM, iConvention.com and PGI / June 2000
February 28, 2000
Hotel Online Special Report b-there.com Aligns with IAEM, iConvention.com and PGI b-there.com and IAEM Form Landmark Partnership Focused on Internet Technology Education Baltimore, MD June 7, 2000 b-there.com, the leading provider of online Attendee Relationship Management solutions for the trade show, association and meeting management industries, announced today that it is partnering with the International Association for Exhibition Management (IAEM) to educate their members on the benefits of Internet technology within their industry. The partnership agreement includes joint-educational initia...
Aspen Club Lodge To Be Marketed For Sale; Jones Lang LaSalle Hotels Selected To Sell Upscale Ski Resort / June 2000
February 28, 2000
Hotel Online Special Report Aspen Club Lodge To Be Marketed For Sale Jones Lang LaSalle Hotels Selected To Sell Upscale Ski Resort Aspen, CO, June 19, 2000 - Jones Lang LaSalle Hotels was selected to represent IRP Aspen LLC in the sale of the Aspen Club Lodge. This 90-room property, located in the heart of Aspen, is steps away from the Silver Queen Gondola ski lift and popular boutique retail shops and restaurants. The resort recently underwent a $2 million renovation, which has already resulted in an increase in occupancy levels and room rates. Aspen is one of the most exclusive residential and resort market...
The Asia Pacific Conference on Human Resource Management in Hotels & Restaurants Scheduled for October in Manila / June 2000
February 28, 2000
Hotel Online Special Report The Asia Pacific Conference on Human Resource Management in Hotels & Restaurants Scheduled for October in Manila June 24, 2000 - The Association of Human Resources Managers in the Hospitality Industry (Philippines)! Is hosting The Asia Pacific Conference on Human Resource Management in Hotels & Restaurants.The conference is scheduled from October 9-12, 2000 at the EDSA Shangri-la Hotel Manila. Conference Program Theme: HR Reborn (HRs New Role as a Business Strategist) OCTOBER 10 TUESDAY AM Street Wisdom Establishing HRs Credibility Speaker Ms. Akiko ...
ArabellaSheraton Hotelmanagement GmbH Re-branding the Historic Dresdner Koenigshof Hotel as a Four Points / June 2000
February 28, 2000
Hotel Online Special Report ArabellaSheraton Hotelmanagement GmbH Re-branding the Historic Dresdner Koenigshof Hotel as a Four Points ROME, June 12. 2000 - ArabellaSheraton Hotelmanagement GmbH, the German joint venture company formed by Starwood Hotels & Resorts Worldwide Inc. and the Schorghuber Group, took over the Hotel Koenigshof Hotel in Dresden. The property will be managed under the brand name Four Points Hotels by ArabellaSheratonthe third hotel of this expanding brand name to be opened in Germany. Some areas of this classical boutique hotel, which will be known as the Four Points Hotel Koenigshof D...
R. D. Olson Construction Building Two – Hotel Complex for Bass Within Anaheim Resort Zone; The Hotels Will Share a Common Outdoor Resort-style A
February 28, 2000
Hotel Online Special Report R. D. Olson Construction Building Two - Hotel Complex for Bass Within Anaheim Resort Zone The Hotels Will Share a Common Outdoor Resort-style Amenities Area ANAHEIM, Calif.--June 22, 2000 - R. D. Olson Construction has begun work on the first non-Disney hospitality complex to break ground within the Anaheim Resort Zone. The Irvine-based construction company will provide the pre-construction, general contracting and design build services for the two-hotel resort. Construction costs will total $26 million for a seven-story 143-room extended-stay Staybridge Suites and nine-story 264-room...
February 28, 2000
Hotel Online Special Report Alliance Between Four of the Worlds Largest Hotel Companies (Starwood, Accor, Hilton & Forte) Will Create Joint Internet Portal for Selling Rooms Online Accor, Hilton & Forte Also Establishing an Internet Purchasing System Paris, London, 19 June 2000 - Forte Hotel Group, Hilton International and Accor have signed an agreement to expand their Internet Joint Venture - initially focused on Europe to develop and operate distribution and marketplace initiatives on the internet - to the Asia Pacific region. Joining the three global hotel groups in the Asia Pacific web distribution ...
Summary Report of the Survey of Usage of Accessible Hotel Guestrooms by Travelers with Disabilities / June 2000
February 28, 2000
Hotel Online Special Report Summary Report of the Survey of Usage of Accessible Hotel Guestrooms by Travelers with Disabilities Executive Summary Introduction Methodolgy Findings AH&MA recommends no change to the maximum parallel unobstructed reach range of 54. This is part 3 of 1,2 Executive Summary Introduction Methodolgy Findings AH&MA recommends no change to the maximum parallel unobstructed reach range of 54. APPENDIX A AMERICAN HOTEL & MOTEL ASSOCIATION 1201 New York Avenue, N.W. Washington, D.C. 20005 May 15, 2000 EXECUTIVE SUMMARY History In January 1998, the American Ho...
Comments by the AH&MA on the Proposed Rule of November 16, 1999 by the U.S.Architectural and Transportation Barriers Compliance Board on Accessibility
February 28, 2000
Hotel Online Special Report Comments by the AH&MA on the Proposed Rule of November 16, 1999 by the U.S. Architectural and Transportation Barriers Compliance Board on Accessibility Guidelines for Buildings and Facilities under the Americans with Disabilities Act I. Preliminary Notes II. General Comments III. Comments on NPRM Sections IV. Responses to Questions Posed by the Access Board This is part 2 of 1,3 I. Preliminary Notes The following comments, questions, and objections pertain to the proposed new version of Appendix A to Part 1191 of Title 36, Code of Federal Regulations. This Appendix is commo...
AH&MA Takes Strong Position That No Increase In Accessible Room Requirements Be Mandated / June 2000
February 28, 2000
Hotel Online Special Report AH&MA Takes Strong Position That No Increase In Accessible Room Requirements Be Mandated Comments by the AH&MA on the Proposed Rule of November 16, 1999 by the U.S. Architectural and Transportation Barriers Compliance Board on Accessibility Guidelines for Buildings and Facilities under the Americans with Disabilities Act I. Preliminary Notes II. General Comments III. Comments on NPRM Sections IV. Responses to Questions Posed by the Access Board Summary Report of the Survey of Usage of Accessible Hotel Guestrooms by Travelers with Disabilities This is part 1 of 2,3 C...