Analysis-Companies Boost Social and Climate Reporting Amid ESG Backlash
November 4th, 2024
Mirage Resorts Reports Property-By-Property Results 1998 and 1999 / Feb 2000
January 30, 2000
Hotel Online Special Report Mirage Resorts Reports Property-By-Property Results 1998 and 1999 LAS VEGAS, Feb. 10, 2000 - In response to requests from financial analysts and investors, Mirage Resorts, Incorporated (NYSE: MIR) is reporting certain 1999 and 1998 financial information for each of its wholly owned hotel-casinos. MIRAGE RESORTS, INCORPORATED Property-by-Property Financial Information 1st 2nd 3rd 4th Year ...
MGM Grand Offers to Acquire Mirage Resorts / Feb 2000
January 30, 2000
Hotel Online Special Report MGM Grand Offers to Acquire Mirage Resorts LAS VEGAS, Feb. 23, 2000 - MGM Grand, Inc. (NYSE: MGG) announced today it has filed a Form 8-K with the Securities and Exchange Commission. The Form 8-K incorporates by reference a letter sent by the Company to the Chairman of the Board of Mirage Resorts, Incorporated, a copy of which is attached hereto. February 23, 2000 Mr. Stephen A. Wynn Chairman of the Board President and Chief Executive Officer Mirage Resorts, Incorporated 3600 Las Vegas Blvd. Las Vegas, NV 89109 Dear Steve: On behalf of the Board of Directors of MGM Grand, Inc., o...
REVPAR and ADR at Marriott Lodging Brands Grow By 3.5 % in 1999; Occupancy Remained at 78 % / Feb 2000
January 30, 2000
Hotel Online Special Report REVPAR and ADR at Marriott Lodging Brands Grow By 3.5% in 1999; Occupancy Remained at 78% Key Lodging Statistics WASHINGTON, Feb. 7, 2000 - Marriott International, Inc. (NYSE: MAR) today reported diluted earnings per share of $1.60 for its fiscal year ended December 31, 1999, compared to $1.46 in 1998. Net income increased to $424 million in 1999 from $390 million in the preceding year, and sales totaled $8.7 billion, up 10 percent from $8.0 billion a year ago. Systemwide sales, which also include sales of managed and franchised properties, grew 11 percent to $17.7 billion in 199...
Sol Meliá Acquires Second Belgian Property, the Club House Hotel in Brussels for 6.97 Million Euros / Feb 2000
January 30, 2000
Hotel Online Special Report Sol Meliá Acquires Second Belgian Property, the Club House Hotel in Brussels for 6.97 Million Euros Jaime Puig de la Bellacasa Named VP for Communication and Institutional Relations Singapore, 23 February 2000- Sol Meliá today announced the acquisition of the Groups second Belgian property, with the purchase of the Club House Hotel in Brussels for 6.97 million euros. Sol Meliá has scheduled a further investment of 1.20 million euros to adapt the facilities of this centrally-located Brussels hotel to the quality standards of the Meliá brand with a view to op...
LodgeNet Installs 100,000 Guest Rooms – 620 Hotels – With Nintendo 64 Video Games / Feb 2000
January 30, 2000
Hotel Online Special Report LodgeNet Installs 100,000 Guest Rooms - 620 Hotels - With Nintendo 64 Video Games SIOUX FALLS, S.D., Feb. 3, 2000 - LodgeNet Entertainment Corporation (Nasdaq: LNET) today announced it has installed Nintendo 64 (N64®) video games in 100,000 guest rooms, representing 620 hotel properties across North America. The milestoneachieved as part of the companys continuing initiative to enhance its interactive servicesfurther strengthens LodgeNets position as the lodging industrys leading in-room game distributor in terms of rooms and properties served. LodgeNet has delivered Nintendo gam...
Tom Weiskopf Designing Second Golf Course at ClubCorp's La Vista Vallarta / Feb 2000
January 30, 2000
Hotel Online Special Report Tom Weiskopf Designing Second Golf Course at ClubCorp's La Vista Vallarta DALLAS, Jan. 31, 2000 - ClubCorp, the worlds largest owner and operator of golf courses, private clubs and resorts, announces that it has contracted with Tom Weiskopf to design a second course at La Vista Vallarta, a public access golfing property in Puerto Vallarta, Mexico. The first course at La Vista Vallarta was designed by Jack Nicklaus. Construction on this Nicklaus course is underway and is expected to be complete by the end of the year. The Nicklaus course is being built into the rolling terrain of the pr...
Las Vegas Citywide Hotel Occupancy Finished 1999 at 88% Compared to 1998's 85.8% / Feb 2000
January 30, 2000
Hotel Online Special Report Las Vegas Citywide Hotel Occupancy Finished 1999 at 88% Compared to 1998's 85.8% LAS VEGAS, Feb. 18, 2000 - Las Vegas drew a record-breaking 33.8 million visitors in 1999, according to the Las Vegas Convention and Visitors Authority(LVCVA). The 10.5 percent increase over 1998s 30.6 million visitors is the highest spike in visitor volume recorded for the destination since 1994. Las Vegas continues to reinvent itself, said Manuel J. Cortez, president and CEO of the LVCVA. Several factors led to the dramatic increase in visitor volume. The buzz of the new resorts that ...
LodgeNet Records a 9.0% Revenue Increase in 1999; Carlson Hospitality Worldwide Designates LodgeNet as Preferred Provider for Interactive Entertainm
January 30, 2000
Hotel Online Special Report LodgeNet Records a 9.0% Revenue Increase in 1999; Carlson Hospitality Worldwide Designates LodgeNet as Preferred Provider for Interactive Entertainment and Information Services SIOUX FALLS, S.D., Feb. 23, 2000 - LodgeNet Entertainment Corporation (Nasdaq: LNET) today reported record revenue of $181.3 million and record EBITDA (earnings before interest, taxes, depreciation and amortization) of $60.1 million for its fiscal year ended December 31, 1999. The results reflect a 24% increase in EBITDA over 1998. In addition, LodgeNet reported its 25th consecutive increase in quarterly reven...
The Inaugural Strategic Conference on Lodging Operations & Technology Set for Feb. 20-22 at the Hotel Adolphus, Dallas / Feb 2000
January 30, 2000
Hotel Online Special Report The Inaugural Strategic Conference on Lodging Operations & Technology Set for Feb. 20-22 at the Hotel Adolphus, Dallas February 9, 2000 - The inaugural Strategic Conference on Lodging Operations & Technology for the New Millennium, set for Feb. 20-22, 2000 at the Hotel Adolphus, Dallas, will feature more than 60 speakers prominent in the hospitality and supply field. There also will be 16 interactive sessions, covering human resources, labor, procurement, the Internet and other technological areas. Noted consultant Peter Yesawich of Yesawich, Pepperdine & Brown will be luncheon spe...
January 30, 2000
Hotel Online Special Report Downtown Los Angeles White-tablecloth Restaurant Revenues Climb from pre-STAPLES Levels LOS ANGELES - Feb. 10, 2000 -- On the strength of STAPLES Center attendance, Downtown area fine-dining establishments are enjoying sharply higher business, according to a survey released today by the Downtown Center Business Improvement District (BID). The telephone study, conducted by the BID last week, indicates that traffic at the areas white-tablecloth restaurants continues to climb from pre-STAPLES levels. Ciudad, the Downtown dining destination operated by Susan Feniger and Mary...
KoolHotel Developed to Keep Hotel Guests Connected / Feb 2000
January 30, 2000
Hotel Online Special Report KoolHotel Developed to Keep Hotel Guests Connected NEW YORK - Feb. 8, 2000 -- KoolConnect.com, the premier provider for consumer connectivity products and Internet Entertainment Systems, has released its online service, KoolHotel, offering hotels in-suite Internet access, e-mail and a customized interface for providing online entertainment, video on demand and hotel information. Operated via wireless keyboard or remote control device, KoolHotel uses the latest technology to deliver a wide range of information and full access to the World Wide Web through the television in each guest s...
January 30, 2000
Hotel Online Special Report Steve Kohn Appointed Sonnenblick-Goldmans New President New York, NY - February 17, 2000 - Sonnenblick-Goldman Company announced today that it has appointed a new executive committee to manage the Company and oversee the expansion of Sonnenblick-Goldmans global business lines, which include investment sales, debt and equity financing, and investment fund capitalization. The new management team was instituted by the Companys board to place management responsibility directly with the firms line of business leaders. Steve Kohn, head of Sonnenblick-Goldmans Ca...
Dick Keegan Appointet as VP Of Hotel Development at Amerihost / Feb 2000
January 30, 2000
Hotel Online Special Report Dick Keegan Appointed as VP Of Hotel Development at Amerihost DES PLAINES, ILLINOIS, February 7, 2000 Amerihost Properties, Inc. (NASDAQ/NM: HOST) announced today that it has appointed hotel veteran Dick Keegan to the position of Vice President of Hotel Development for Amerihost Properties, Inc. Mr. Dick Keegan will be responsible for identifying markets throughout the country that fit the AmeriHost Inn® and AmeriHost Inn & Suites(SM) brand profile, negotiating the purchase and development of hotel sites and securing financing for the construction and operation of most of the Compa...
Keith Pierce Rejoins Wingate Inn® Brand as President & CEO; Brand Named Top Mid-priced Chain by SmartMoney Magazine / Feb 2000
January 30, 2000
Hotel Online Special Report Keith Pierce Rejoins Wingate Inn® Brand as President & CEO Wingate Inn® Hotel Brand Named Top Mid-priced Chain by SmartMoney Magazine PARSIPPANY, N.J. (February 16, 2000) Wingate Inns International, Inc. has named Keith J. Pierce as its new president and CEO, replacing John Paul Nichols, who was promoted to executive vice president of sales and marketing for the Hotel Division of Cendant Corporation. Pierce rejoins Wingate Inns after serving as vice president of marketing for Ramada Franchise Systems, Inc. for the past two years. As president and CEO, Pierce will ...
Kingdom of Jordan to Host Global Summit on Peace Through Tourism / Feb 2000
January 30, 2000
Hotel Online Special Report Kingdom of Jordan to Host Global Summit on Peace Through Tourism November 8-11, 2000 in Amman AMMAN, Jordan (Feb. 1., 2000) -- The Hashemite Kingdom of Jordan under the patronage of His Majesty King Abdullah II will host a Global Summit on Peace Through Tourism, Nov. 8-11, 2000, in Amman, to be organized by the International Institute for Peace Through Tourism (IIPT) with American Express as Title Sponsor. The world meeting, to be held shortly before the late King Husseins birthday, will honor the monarchs legacy as a peacemaker in the Middle East and his commitment to expanding to...
John Q. Hammons Hotels, Inc. Increases EBITDA 10% for 1999; Driven By RevPAR Increase of 5.0% for 1999 / Feb 2000
January 30, 2000
Hotel Online Special Report John Q. Hammons Hotels, Inc. Increases EBITDA 10% for 1999; Driven By RevPAR Increase of 5.0% for 1999 Hotels Operating Data SPRINGFIELD, Mo. - Feb. 14, 2000 --John Q. Hammons Hotels, Inc. (NYSE:JQH) today reported total earnings before interest expense, taxes, depreciation and amortization (EBITDA) of $28.5 million for the fourth quarter ended December 31, 1999, up 16.8% compared to the 1998 fourth quarter EBITDA of $24.4 million. Total revenue for the 1999 fourth quarter increased to $93.2 million, up 12.7% from $82.7 million in the 1998 fourth quarter. EBITDA for the twelv...
Thunder over Woodley Road – A first jury verdict focusing on the consequences for a hotel operator failing to meet its fiduciary duties to the h
January 30, 2000
Hotel OnlineSpecial Report Thunder over Woodley Road by: Jim Butler and Jeff Riffer 1Jeffer, Mangels, Butler & Marmaro LLP February 2000 - Woodley Road2 may be the first indication of one of the most important legal developments in many years representing a dramatic sea-change for the hospitality industry. It could expose almost every operator to paying big damages to hotel owners. It could also give owners a free termination right for long-term management agreements3 or powerful currency to renegotiate existing agreements4. In Woodley Road a jury awarded $51.8 million in damages almost $15 million in ac...
Do You Need a Disaster Plan Audit? 10 Questions to Help You Decide / JMBM / Feb 2000
January 30, 2000
Hotel OnlineSpecial Report Do You Need a Disaster Plan Audit? 10 Questions to Help You Decide February 2000 - JMBM and Berins & Co. offer the following 10-question quiz to help you decide if your hotel is prepared for the next disaster. If your property is immune to hurricanes, fires, floods, storms, riots, tornadoes, earthquakes, tsunamis, avalanches, landslides, terrorist attacks and other disasters, read no further. For everyone else, see how you do on the following quiz. Yes No 1 Do you have a Disaster Plan? Does it include an up-to-date Disaster Team? 2 ...
Interactive Sites, Inc. Recognized as Leading Internet Agency For the Hospitality Industry by HSMAI / Feb 2000
January 30, 2000
Hotel Online Special Report Interactive Sites, Inc. Recognized as Leading Internet Agency For the Hospitality Industry by HSMAI SCOTTSDALE, Ariz., Feb. 22, 2000 - Interactive Sites, the leading Internet company for the hospitality industry kicked off the new year by taking home 17 awards for outstanding achievement from the Hospitality Sales and Marketing Association International (HSMAI) at the 43rd annual Adrian Advertising and 13th annual Golden Bell Public Relations Awards Ceremony on January 25, 2000. The cutting edge web development company was recognized for their superior web design, clearly defined nav...
Insignia/ESG Launches New Corporate Branding / Feb 2000
January 30, 2000
Hotel Online Special Report Insignia/ESG Launches New Corporate Branding New York, February 23, 2000 Insignia/ESG Hotel Partners, one of the countrys leading providers of hotel real estate services, today unveiled a new logo that will enhance its name recognition nationally and internationally as well as reflect a contemporary, high-tech image, announced Lewis Miller, senior managing director of the Companys Atlanta office. The logo consists of a striking i within a bold, bright-blue box that precedes the companys name, and appears in all branding initiatives. The new logo is part of a worldwide re-brand...
The Ilikai/Hotel Nikko Waikiki Reglagged as Renaissance Ilikai Waikiki; Managed by Interstate Hotels / Feb 2000
January 30, 2000
Hotel Online Special Report The Ilikai/Hotel Nikko Waikiki Reglagged as Renaissance Ilikai Waikiki; Managed by Interstate Hotels HONOLULU, Hawaii February 14, 2000 The 782-room Ilikai Hotel in Honolulu will be reflagged to Marriott Internationals (MAR/NYSE) quality tier Renaissance Hotels, Resorts & Suites brand today under a franchise agreement with Forward One, LLC, a California company that, through a number of related companies, controls a number of hotels in the United States. The property will be managed by Interstate Hotels and will be called the Renaissance Ilikai Waikiki. An extensive refu...
Neil Locke Elected as First President for International Society of Hospitality Purchasers / Feb 2000
January 30, 2000
Hotel Online Special Report Neil Locke Elected as First President for International Society of Hospitality Purchasers NEW YORK, N.Y., February 16, 2000The International Society of Hospitality Purchasers (ISHP) today announced that Neil Locke has been elected the organizations first president. Locke is principal of Neil Locke & Associates, a Chicago-based purchasing company. We have exceeded our initial goals and have met with enthusiastic response from the hotel and purchasing communities, Locke said. We currently have more than 30 members with another 50 applications in the pipeline. W...
Hyatt Starts Construction on 450-room Hyatt Regency Coconut Point Resort Located in Bonita Springs, Florida / Feb 2000
January 30, 2000
Hotel Online Special Report Hyatt Starts Construction on 450-room Hyatt Regency Coconut Point Resort Located in Bonita Springs, Florida BONITA SPRINGS, Fla.- January 20, 2000 -- A Hyatt flag will be raised today on the site of the new Hyatt Regency Coconut Point Resort to commemorate the official beginning of construction for the brand-new 450-room resort located in Bonita Springs, near Naples on South Floridas prestigious Gulf Coast. The new Hyatt Regency Coconut Point is scheduled to open in Fall 2001 and is the first Hyatt hotel breaking ground in the 21st century. It will be owned by Hyatt Equities, LLC a...
Hostmark Awarded Contracts for Montauk Yacht Club and the Radisson Hotel Columbus / Feb 2000
January 30, 2000
Hotel Online Special Report Hostmark Awarded Contracts for Montauk Yacht Club and the Radisson Hotel Columbus North February 2000- Hostmark Hospitality Group has been awarded the contract to manage the Montauk Yacht Club, 32 Star Island Road, Montauk, N.Y. Hostmark also manages Danfords Inn, another Long Island resort property. Hostmark plans to reposition the Montauk Yacht Club by increasing revenues in the leisure and corporate travel markets, according to Jerome Cataldo, Executive Vice President. The 84 guest room and 23 villa property has been newly renovated, redecorated and remodeled. It is...
