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Siegel Sez- UPDATE THIS / October 22, 1999
April 30, 1999
Siegel Sez - UPDATE THIS ! October 22, 1999 - Issue #6 T E C H N O L O G Y NEWSTAND Compiled by Jon Inge and Mark Haley Other news you can use by Michael Squires Hospitalitys Location for Automation T E C H N O L O G Y NEWSTAND Compiled by Jon Inge and Mark Haley Other news you can use by Michael Squires Hospitalitys Location for Automation I am sitting here in the UPDATE booth at the HFTP annual conference in San Antonio writing this weeks Siegel Sez Online. They are having a cocktail party in the...
Siegel Sez- UPDATE THIS / October 7, 1999
April 30, 1999
Siegel Sez - UPDATE THIS ! October 7, 1999 - Issue #5 T E C H N O L O G Y NEWSTAND And NEWS you can USE Compiled by Jon Inge and Mark Haley Hospitalitys Location for Automation T E C H N O L O G Y NEWSTAND And NEWS you can USE Compiled by Jon Inge and Mark Haley Hospitalitys Location for Automation The Worlds Favorite Airline??? Atlanta, GA - October 7, 1999 - If I sound groggy as you read this it is because I just came back from the Hospitality Solutions Show in London. Can you believe my flight was delayed for three ho...
Seven Springs Mountain Resort Succeeds in Water Conservation / Oct 1999
April 30, 1999
Hotel Online Special Report Seven Springs Mountain Resort Succeeds in Water Conservation CHAMPION, Pa., Oct. 12, 1999 - Seven Springs Water Authority and the staff at Seven Springs Mountain Resort declared war on the drought and launched a campaign that succeeded in saving more than 1.5 million gallons in the month of September. Compared with last years usage of 4.26 million gallons, the resort staff and guests responded by reducing consumption to 2.85 million gallons last month. We pulled out all the stops after the governor issued a July 20 decree declaring a drought emergency for 55 counties including ...
Douglas Scollin Joined RSi as Vice President of Corporate Accounts / Oct 1999
April 30, 1999
Hotel Online Special Report Douglas Scollin Joined RSi as Vice President of Corporate Accounts ST. GEORGE, Utah October 25, 1999 RoomSystems, Inc. (RSi) announced today that G. Douglas Scollin, former president and founder of Lodgistix, has joined RSi as Vice President of Corporate Accounts. In this position, Mr. Scollin will deal with RSis relationships with major hotel corporations such as BASS, Carlson Hospitality, Choice, Hilton, Hyatt, Marriott, Meristar, Patriot American, Promus, and Starwood, among others. Doug has 30 years of exclusive hotel industry experience dealing in high-technol...
Detroit and Anaheim Lead US Top 25 Markets in Occupancy % Growth for First 9 Months of 1999 / Smith Travel Research / October 1999
April 30, 1999
Hotel Online Special Report Detroit and Anaheim Lead US Top 25 Markets in Occupancy % Growth for First 9 Months of 1999 / Smith Travel Research Lodging Outlook Survey for September 1999 October 29, 1999.. Hendersonville, TN - Industry occupancy for the month of September declined 0.5 percent from September 1998 to 65.9 percent. Average daily rate (ADR) grew 4.6% to $81.49, and room revenue per available room (RevPAR) - the combination of Occupancy and average daily rate and the key productivity measure -gained 4.1 percent to $53.70. Demand growth for the month was 3.7 percent, an increase of 0.7...
Station Casinos Reports Strong 3rd Qtr Results Nevada Operations / Oct 1999
April 30, 1999
Hotel Online Special Report Station Casinos Reports Strong 3rd Qtr Results Nevada Operations Reports Record EPS of $0.31 LAS VEGAS, Oct. 18, 1999 - Station Casinos, Inc. (NYSE: STN) today announced the results of its operations for the third quarter ended September 30, 1999. Highlights for the third quarter included the following: Record cash flow of $61.7 million, up 20 percent year-over-year. Earnings per share of $0.31, prior to a $0.01 extraordinary charge. A decline in long-term debt (including construction payables) of $25.8 million. Trailing-12-month debt to EBITDA ratio of 3.9 versus 4....
Sunburst Hospitality Reports Selling 12 Hotels This Year and Redeploying Capital into Mid-Priced, Extended-Stay Hotels / Oct 1999
April 30, 1999
Hotel Online Special Report Sunburst Hospitality Reports Selling 12 Hotels this Year and Redeploying Capital into Mid-Priced, Extended-Stay Hotels SILVER SPRING, Md. - Oct. 27, 1999 - Sunburst Hospitality Corporation (NYSE:SNB), one of the countrys leading hotel ownership and management companies, today announced earnings for the third quarter of 1999. Earnings per share before extraordinary loss from early debt redemption and cumulative effect of a change in accounting principle increased to $0.20 from $0.04 in the third quarter and to $0.44 from $0.19 for the nine months ended September 30, 1999. Net income...
Riverboat Gambling Has Markedly Improved Over the Last Several Months / Oct 1999
April 30, 1999
Hotel Online Special Report Riverboat Gambling Has Markedly Improved Over the Last Several Months Bear Stearns Analyst Reports NEW YORK, New York - October 13, 1999 - The riverboat gambling industry appears to be moving out of the rough waters of 1998 and early 1999, and has markedly improved over the last several months according to Bear Stearns Senior Managing Director, Jason Ader. As a result small-cap gaming companies, such as Hollywood Park, Isle of Capri Casinos, and Argosy Gaming have seen significant increases in their stock prices. Driving the improved forecast has been: The relaxation of restric...
The Generation Companies Family Tradition Continues with Opening of 75th Candlewood Suites in Richmond / Oct 1999
April 30, 1999
Hotel Online Special Report The Generation Companies Family Tradition Continues with Opening of 75th Candlewood Suites in Richmond, Virginia RICHMOND, Va.- Oct. 25, 1999 -- When Hugh Mark Daley Sr. opened his first hotel 40 years ago, he began a lodging legacy that his grandson continues today with the official opening of the 75th Candlewood Suites (Nasdaq: CNDL). H. Mark Daley III, president of The Generation Companies, plans to build at least six additional Candlewood Suites franchised properties during the next two years. The new 122-suite hotel is located at 4120 Brookriver Drive in west Richmond, Va.,...
The Regent Beverly Wilshire Ranks 37th in the Continental United States and Canada According to Travel and Leisure Poll / Oct 1999
April 30, 1999
Hotel Online Special Report The Regent Beverly Wilshire Ranks 37th in the Continental United States and Canada According to Travel and Leisure Poll Beverly Hills, California, September 30, 1999 The Regent Beverly Wilshire joined an elite group of top 100 hotels in the continental United States and Canada in Travel & Leisure magazines 1999 Worlds Best Awards, its 4th annual readers poll. The hotel, which made its debut on the 1999 awards list, placed 37th with a score of 78.8 in the poll, and the highest score was 85.3. Four Seasons triumphed overall by having 16 properties in this top hotel category ...
Hospitality Food & Beverage Expert Lawrence S. Schroeder Newest Member of RSi Board of Directors / Oct 1999
April 30, 1999
Hotel Online Special Report Hospitality Food & Beverage Expert, Lawrence S. Schroeder Newest Member of RSi Board of Directors ST. GEORGE, Utah October 11, 1999 RoomSystems, Inc. (RSi) announced today that Lawrence S. Schroeder will serve as a director on the new, five-member Board of Directors of RSi. Mr. Schroeder has been involved with the company over the past several years and brings significant food & beverage hospitality expertise with him. Larry is one of the best in the industry, and has already been a great help to RSi over the past years, said Steve Sunyich, President and CEO of ...
RFS Reports Record Results, Creates Internet Subsidiary – Centrafuse / Oct 1999
April 30, 1999
Hotel Online Special Report RFS Reports Record Results, Creates Internet Subsidiary - Centrafuse MEMPHIS, Tenn. - Oct. 28, 1999 - RFS Hotel Investors, Inc. (NYSE:RFS) today announced record operating results for the third quarter ended September 30. Funds from Operations (FFO) for the three-month period was $18,659,000, or $.68 per share, compared to $18,258,000 or $.67 per share, for the same period of 1998. The third quarter of 1998 had previously represented the best quarter in the Companys history. For the nine months ended September, Funds from Operations also set a record. FFO was $50,668,000, or $1.84...
Considering Factors that Influence Training Accountability in the Hospitality Industry / Oct 1999
April 30, 1999
Hotel Online Special Report Considering Factors that Influence Training Accountability in the Hospitality Industry by Andreas Gunawan Putra - 15 October 1999 - Training is generally acknowledged as an important vehicle for the hospitality industry. There have been a lot of facts, reviews and manuscripts to support this. Besides, generally known that training is also seen as an investment rather than just a regular program activity. Indeed, lots of researchers have acknowledged that the traditional view of training entails the following three components that can be useful to render the effectiveness o...
Promus Reports 3rd Quarter Results; Adds 120 Hotels During First 9 Months / October 1999
April 30, 1999
Hotel Online Special Report Promus Reports 3rd Quarter Results; Adds 120 Hotels During First 9 Months MEMPHIS, Tenn. - Oct. 26, 1999 - Promus Hotel Corporation (NYSE:PRH), a leading hotel franchising and management company, reported net income of $63.1 million and diluted earnings per share of 80 cents for the third quarter of 1999. Net income for the third quarter of 1998 was $51.8 million or 60 cents per share. Excluding unusual items, 1999 third quarter net income was $48.9 million, compared to 1998 third quarter net income of $52.8 million. Diluted earnings per share before unusual items was 62 cents com...
Sheraton Premier Hotel in Tysons Corner, Va. Sold for $52.9 Million / Oct 1999
April 30, 1999
Hotel Online Special Report Sheraton Premier Hotel in Tysons Corner, Va. Sold for $52.9 Million Purchased by Joint Venture Between FelCor and Starwood IRVING, Texas October 18, 1999 FelCor Lodging Trust Incorporated (NYSE: FCH) and Starwood Hotels & Resorts (NYSE: HOT) today jointly announced the acquisition of the 437-room Sheraton Premier Hotel in Tysons Corner, Va., a suburb of Washington, DC, for a purchase price of $52.9 million. The two companies, which have been working together on this acquisition for 10 months, have formed a 50/50 joint venture to purchase the 13-year old hotel from SRS Prop...
Grupo Posadas and Inpar agree to invest $105 million to build new Caesar Park hotels in Brazil / Oct 1999
April 30, 1999
Hotel Online Special Report Grupo Posadas and Inpar Agree to Invest $105 Million to Build Caesar Park Hotels in Brazil MEXICO CITY - Oct. 13, 1999 - Grupo Posadas and Inpar agree to invest $105 million to build new Caesar Park hotels in Brazil Grupo Posadas, Latin Americas leading hotel company, and Brazilian development company Inpar Construcoes e Empreendimientos Imobiliarios LTDA, have signed an $105 million (USD) agreement to construct additional hotels operated by Caesar Park hotels in Brazil. Gaston Azcarraga, president of Grupo Posadas and Alcides Parizzotto, CEO and president of Inpar, met in Mexico City...
The Leading Hotels of the World Provides Hotel Members with Streamlined Travel Agent Commission Processing / Oct 1999
April 30, 1999
Hotel Online Special Report The Leading Hotels of the World Provides Hotel Members with Streamlined Travel Agent Commission Processing DALLAS, Oct. 15, 1999 - Pegasus Systems, Inc. (Nasdaq: PEGS) today announced New York-based The Leading Hotels of the World, Ltd., a hotel marketing representation company for five-star hotels and resorts, has joined the Pegasus Commission Processing service to consolidate and process travel agent commission payments. Pegasus Commission Processing is the hotel industrys largest provider of travel agent hotel commission payment and processing services and is a unit of Pegasus ...
The Denver CVB Web Site Utilizes Pegasus' Private Label Internet Reservations Service / Oct 1999
April 30, 1999
Hotel Online Special Report The Denver CVB Web Site Utilizes Pegasus' Private Label Internet Reservations Service DALLAS, Oct. 5, 1999 - Pegasus Systems, Inc. (Nasdaq: PEGS) today announced that the Denver Metro Convention Visitors Bureau (CVB) is tapping Pegasus Electronic Distribution to provide hotel booking capabilities for its Internet site (http://www.denver.org). The Denver CVB launched its new hotel booking capability at the end of September. Pegasus Systems is a leading provider of hotel industry transaction processing solutions and electronic commerce services and operates its own Internet travel reservat...
Lane Hospitality Appoints Paul Johnson GM at Hawthorn Suites Hotel in Kenosha, Wisconsin/ Oct 1999
April 30, 1999
Hotel Online Special Report Lane Hospitality Appoints Paul Johnson GM at Hawthorn Suites Hotel in Kenosha, Wisconsin Kenosha, WI...Oct 23, 1999 - Paul Johnson of Kenosha has been named General Manager of the Hawthorn Suites Hotel at Prairie Ridge, according to John Rijos, President of Lane Hospitality, management company for the new hotel. Paul brings a wealth of hands-on experience in hotel management, as well as first-hand knowledge of the Kenosha community, said Rijos. Thats a great combination for us and were pleased to have a home-town connection in this rapidly expanding area. In addition to ov...
Paul R. Hager Heading Up PCRoomLink's Introduction and Development Around the World / Oct 1999
April 30, 1999
Hotel Online Special Report Paul R. Hager Heading Up PCRoomLink's Introduction and Development Around the World MILLVILLE, NJ - October 19, 1999 - James M. Rossi, Chairman and Chief Executive Officer of Solar Communications Group, Inc. today announced the appointment of Paul R. Hager as Senior Vice President of International Business. Paul has an exceptional background in international telecommunications infrastructure, product introduction in emerging markets and acquisition of venture capital, said Rossi. Market reach beyond the United States is key to our goal to become an industry leader in terms of...
Preservation and Visitor Access Top Priorities of National Park Hospitality Association / Oct 1999
April 30, 1999
Hotel Online Special Report Preservation and Visitor Access Top Priorities of National Park Hospitality Association WASHINGTON, DC, September 17, 1999 The National Park Hospitality Association (NPHA) is a trade association representing more than 150 members who operate the lodges, restaurants, gift shops, tours and activities in national parks, monuments, memorials, historic sites, recreation areas and other destinations overseen by the National Park Service. The members range in size from one-park to multiple-park operators. The association works with the National Park Service to preserve and protect par...
The Pan Pacific Singapore Renovates Ballroom to Reflect an Oasis of Hospitality / Oct 1999
April 30, 1999
Hotel Online Special Report The Pan Pacific Singapore Renovates Ballroom to Reflect an Oasis of Hospitality Singapore - October 20, 1999 - The Pan Pacific Singapore is poised to meet the dynamic, demanding and changing market for hospitality and catering venues. To fulfil the Visions Of Our Future, we have embarked on a metamorphosis to add sparkle, elegance, contemporary luxury and hospitality with absolute care in order to create a new, exciting and formidable image, says Mr. Steve Halliday, General Manager of The Pan Pacific Singapore. The S$5 million renovated Pacific Ballroom is part o...
Tharaldson Enterprises Preparing to Build Two Hotels in Palmdale, California / Oct 1999
April 30, 1999
Hotel Online Special Report Tharaldson Enterprises Preparing to Build Two Hotels in Palmdale, California LOS ANGELES - Oct. 12, 1999 - CB Richard Ellis Retail Services, a division of CB Richard Ellis (NYSE:CBG), the world-market leader in real estate services, has announced that Marriott International has purchased 4.63 acres in Palmdale, Calif., for $1.5 million from Sierra Development Group. CB Richard Ellis First Vice President Vince Roche of Bakersfield, Calif., represented the seller in the transaction. The Washington, D.C.-based Marriott International has granted a franchise to Tharaldson Enterprises o...
Prime Hospitality Reports 2.4% RevPAR Growth Despite $2 Million of Lost Revenue Caused by Hurricane Floyd / Oct 1999
April 30, 1999
Hotel Online Special Report Prime Hospitality Reports 2.4% RevPAR Growth Despite $2 Million of Lost Revenue Caused by Hurricane Floyd FAIRFIELD, N.J., Oct. 28, 1999 - Prime Hospitality Corp. (NYSE: PDQ) today reported income before asset transactions and special charges of $14.7 million, or $.28 per share, in the third quarter of 1999 compared to income before asset transactions and special charges of $13.0 million, or $.24 per share, in 1998. The 1999 results were impacted by Hurricane Floyd which the Company estimates resulted in lost revenues of approximately $2.0 million, or $.02 per share. We had a n...
