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The 119 Room Park Inn International, Near Orlando, Sold to Timeshare Developer WestAmerica Corp. / Oct 1998
April 30, 1998
Hotel Online Special Report The 119 Room Park Inn International, Near Orlando, Sold to Timeshare Developer WestAmerica Corp. ORLANDO, Fla - Oct. 9, 1998 -- WestAmerica Corp. (OTC:WACC) announced Friday that it has acquired NASS Inc., a Florida corporation headquartered at Lakeland, Fla. The company's primary asset is the Park Inn International, a 119 room motel located on Highway 27 one and one-half miles from WestAmerica's timeshare resort development, within a 10 minute drive to Walt Disney World and other Orlando attractions. Max P. Cawal, president and chief operating officer of WestAmerica said: "In addition to the r...
Daniel M. Wade and William J. Hornbuckle Promoted at MGM Grand Inc./ Oct 1998
April 30, 1998
Hotel Online Special Report Daniel M. Wade and William J. Hornbuckle Promoted at MGM Grand Inc. LAS VEGAS - Oct. 8, 1998--After three years at the helm of MGM Grand Hotel, Daniel M. Wade has been promoted to the resort's parent company, MGM Grand Inc. (NYSE:MGG), where he is now executive vice president. William J. Hornbuckle has been promoted to Wade's former position, president and chief operating officer of MGM Grand Hotel Inc. Wade became the second employee of MGM Grand Hotel/Casino in 1991, a full two years before the property's 1993 opening. He helped oversee design and construction of the hotel and the adjoi...
WAT&G First to Prove Correlation Between Hotel Design and the Bottom Line / Oct 1998
April 30, 1998
Hotel Online Special Report WAT&G First to Prove Correlation Between Hotel Design and the Bottom Line HONOLULU - Oct 26, 1998 - With statistics gathered by Smith Travel Research, Wimberly Allison Tong & Goo (WAT&G) is the first architecture firm worldwide to conduct research which reveals a consistent and quantifiable relationship between good design and the clients bottom line. Using the hospitality industrys own yardsticks of occupancy rates, room rates, and revenue per available room (RevPAR), the research illustrates that hotels designed by WAT&G have outperformed competitors on all three measurements ove...
The $1.2 billion Venetian Mega – Resort Provides Progress Report to Wall Street / Oct 1998
April 30, 1998
Hotel Online Special Report The $1.2 billion Venetian Mega - Resort Provides Progress Report to Wall Street NEW YORK - Oct. 22, 1998--At the "1998 Leveraged Finance Conference" held Thursday in New York City, executives from The Venetian Resort-Hotel-Casino returned to Wall Street to provide an update on the $1.2 billion Venice-themed mega-resort set to open April 1999 in Las Vegas. Having secured approximately $1 billion in financing a year ago (Nov. 14, 1997), Venetian executives, William P. Weidner, president and COO, and Bradley H. Stone, executive vice president, participated in the high-yield conference spons...
Hospitality Technology Leadership Think Tank / Oct 1998
April 30, 1998
Hotel Online Special Report Hospitality Technology Leadership Think Tank Houston TX - October 13, 1998 - The hospitality merger frenzy over the past 2 years has resulted in new business models requiring increased operational efficiencies, restructured customer strategies, and a host of marketing driven technology solutions. Hospitality information technology (IT) is being driven to meet these requirements plus consolidate disparate systems and support rapid organizational change. To help meet these new challenges, Ernst & Young, along with The Technology Research and Education Center (TREC) at the Conrad Hilton College ...
University of Houston Hotel School Wins National Travel Award for the Creation of a First-Ever Hospitality Industry Diversity Institute / Oct 1998
April 30, 1998
Hotel Online Special Report University of Houston Hotel School Wins National Travel Award for the Creation of a First-Ever Hospitality Industry Diversity Institute WASHINGTON, Oct. 7, 1998 - The University of Houston's Conrad N. Hilton College of Hotel and Restaurant Management will receive a 1998 Odyssey Award for Education, Training and Employment for the creation of a first-ever Hospitality Industry Diversity Institute. Odyssey Award winners will be formally honored at the Annual Awards Banquet that takes place on October 27, during the October 26-28 TIA Marketing Outlook Forum at John Ascuaga's Nugget in Reno, Nevad...
Walt Disney, Barron Hilton and J. Willard Marriott Inducted into Hospitality Industry Hall of Honor / Oct 1998
April 30, 1998
Hotel Online Special Report Walt Disney, Barron Hilton and J. Willard Marriott Inducted into Hospitality Industry Hall of Honor at University of Houstons Conrad N. Hilton College of Hotel and Restaurant Management HOUSTON - Oct 8, 1998 - The Hospitality Industry Hall of Honor inducted industry legends Walt Disney, Barron Hilton and J. Willard Marriott, Jr. as it 1998 honorees on September 30, 1998, marking the third annual ceremony of this unique Hall of Honor. Master of Ceremony for the historic event was Herman Cain, President and CEO of the National Restaurant Association. Also officiating were William Fis...
AAA Predicts Travel Market Changes – Travelers With Less Time and More Money Will Change Travel Market / Oct 1998
April 30, 1998
Hotel Online Special Report AAA Predicts Travel Market Changes - Travelers With Less Time and More Money Will Change Travel Market ORLANDO, Fla - Oct. 28, 1998--A baby-boom generation with more money and less time to travel will dominate and shape the leisure travel market for years to come, AAA reported today at the Travel Industry Association of America's Marketing Outlook Forum in Reno, Nev. According to Graeme Clarke, senior vice president, AAA Travel Related Services, "Baby-boomers are the key driving force behind current and future leisure travel trends. The travel industry will respond to their needs by off...
Tokyo Disney Resort: From a Theme Park to a Theme Resort / Oct 1998
April 30, 1998
Hotel Online Special Report Tokyo Disney Resort: From a Theme Park to a Theme Resort URAYASU CITY, Japan - Oct. 21, 1998--A whole new Disney experience is about to unfold on the shores of Tokyo Bay. Since 1983, people in Japan and around the world have enjoyed the dreams and magic of Tokyo Disneyland Park, the first Disney theme park to be built outside the United States. This year, the 15th Anniversary of Tokyo Disneyland marks the start of a multiple expansion that will create the first Disney theme resort in Japan -- Tokyo Disney Resort. This new resort will encompass two Disney theme parks, hotels, a shopp...
Jean-Paul Fontenille Appointed as GM at Novotel Ambassador Toksan, Seoul, Korea / Oct 1998
April 30, 1998
Hotel Online Special Report Jean-Paul Fontenille Appointed as GM at Novotel Ambassador Toksan, Seoul, Korea Seoul, Korea (Sep.30, 1998) - The Ambassador Group has just announced the appointment of Mr. Jean-Paul Fontenille, as General Manager of the Novotel Ambassador Toksan, Seoul Mr. Fontenille, a graduate from the Hotel Administration College of Paris, France, furthered his education in the USA as a management trainee with Quality Inns in Virginia and later with RCA at the Watergate in Washington DC. Mr. Fontenille joined Accor of France in 1978. His 20-year tenure with the company includes postings in Africa, I...
Thomas Cook and Carlson UK Leisure Travel Business — Announce Intention to Merge / Oct 1998
April 30, 1998
Hotel Online Special Report Thomas Cook and Carlson UK Leisure Travel Business Announce Intention to Merge New Partnership to Create Expanded Co-Owned Thomas Cook Group LONDON, Oct. 6, 1998 - One of the most significant deals in the global travel industry in recent years was announced today, as two world leaders in travel -- Thomas Cook and Carlson Companies -- announced their intention to merge Thomas Cook's worldwide leisure travel and financial services business with Carlson's UK leisure travel business. This would result in the creation of an expanded group operating under the name Thomas Cook, which US-based Car...
Hugo Johnston Opening GM at New Mercure Hotel Sydney / Oct 1998
April 30, 1998
Hotel Online Special Report Hugo Johnston Opening GM at New Mercure Hotel Sydney Hotel Room Just for Women? 13 October 1998: As Sydney heads into the 2000 Olympic Games, rates at the citys new international hotels are being offered at 1990 levels, with the latest - Mercure Hotel Sydney - opening (on 16 October). The hotel will be the flagship for Accors Mercure brand in Australia, which has grown to 30 hotels nationwide and more than 400 hotels globally. The 517 room hotel has been built opposite Sydneys major transport hub, Central, at the southern end of the central business district. Central is the ba...
Super 8 Motels General Managers Share On-the-Job Insight / Oct 1998
April 30, 1998
Hotel Online Special Report Super 8 Motels General Managers Share On-the-Job Insight Hospitality Industrys First Managers Advisory Board Formed Parsippany, N.J., October 14, 1998 -- Super 8 Motels, Inc. announces the formation of its Managers Advisory Board, comprised solely of the General Managers who manage the chains motels. The Board is designed to allow an exchange of ideas, facilitate communication and keep management apprised of issues and concerns. The board is the first of its kind in the hospitality industry and is expected to foster system-wide productivity. "With the addition of the Managers Ad...
Starwood Reports Third Quarter ADR Increase of 7% With Occupancy Rates Remaining Constant / Oct 1998
April 30, 1998
Hotel Online Special Report Starwood Reports Third Quarter ADR Increase of 7% With Occupancy Rates Remaining Constant WHITE PLAINS, N.Y., Oct. 28, 1998 - Third Quarter Combined Financial Highlights: 75% increase to $1.40 in combined pro forma funds from operations (FFO) per diluted paired share. 7% increase in same store REVPAR for owned hotels worldwide; 14% increase in Europe; 8% increase in Latin America; 6% increase in North America. Total pro forma EBITDA of $427 million. 14% increase in same store EBITDA for owned hotels worldwide. Same store EBITDA margin for owned hotels worldwide increased from 29.4...
Sol Melia Appointed to Manage 308 Room Hotel in Hanoi / Oct 1998
April 30, 1998
Hotel Online Special Report Sol Melia Appointed to Manage 308 Room Hotel in Hanoi Singapore, 22 October 1998 - Spanish hotel chain Sol Meliá is set to further expand its regional presence in Asia with its recent appointment to manage a brand new business hotel in Vietnam, the five star Meliá Hanoi. Owned by Thai-Vietnamese joint venture conglomerate, S.A.S - CTAMAD Co. Limited, the 21 storey Meliá Hanoi has been constructed at a cost of more than US$ 60 million and is scheduled for opening in December 1998. Centrally located on Ly Thuong Kiet Street, within the citys business and diplomatic dist...
Amerimar Enterprises, Inc to Add Sheraton Flag to 765 Room Atlanta Hotel / Oct 1998
April 30, 1998
Hotel Online Special Report Amerimar Enterprises, Inc to Add Sheraton Flag to 765 Room Atlanta Hotel Atlanta's Landmark Convention Hotel To Become Sheraton Atlanta Hotel ATLANTA - Oct. 5, 1998--The Spirit of Atlanta Hotel, formerly the Radisson Hotel Atlanta, will become a Sheraton Hotel, according to Amerimar Enterprises, Inc. Following the first phase of a $24 million renovation of the property projected to be completed in January 1999, the hotel will be called the Sheraton Atlanta Hotel. Sheraton Hotels Resorts, a subsidiary of Starwood Hotels Resorts Worldwide, Inc., currently has seven hotels in the Metro Atla...
The Sea Ranch Lodge Now Affiliated with the Coastal Hotel Group / Oct 1998
April 30, 1998
Hotel Online Special Report The Sea Ranch Lodge Now Affiliated with the Coastal Hotel Group Architecturally-renowned property to receive updating, expansion Chicago, Ill., (September 25, 1998) -- Coastal Hotel Group, a full-service hotel management company specializing in the operation of upscale resorts, luxury inns and quality business hotels, will now assist all marketing, public relations, sales and training functions for the 20-room Sea Ranch Lodge. The hotel is located on 52 acres, 110 miles north of San Francisco in Sonoma County on the Pacific Coast. Part of a planned residential development created b...
Diagram of Santa Fe Gaming Corporate Structure / Las Vegas Culinary Union / Oct 1998
April 30, 1998
Hotel Online Special Report Diagram of Santa Fe Gaming Corporate Structure and Santa Fe Gaming's Operating Income by Hotel - Casino in Competitive Markets, 1994 - 1997 Contact: Research Department Culinary Workers Union Local 226 1630 S. Commerce Street Las Vegas, NV 89102 702/387-7082 web site: http://www.santafailure.com ...
According to 1998 Road Warrior Technology Study the Wait for Hotel Check-In Averages 8.3 Minutes / Oct 1998
April 30, 1998
Hotel Online Special Report According to 1998 Road Warrior Technology Study the Wait for Hotel Check-In Averages 8.3 Minutes Long Days, Long Lines, Little Sleep for Today's Road Warrior NEW YORK - Oct. 9, 1998--Today's Road Warrior business traveler is working longer, sleeping less, and waiting in line for a considerable amount of time according to a new survey recently released by American Express Corporate Services. The American Express 1998 Road Warrior Technology Study, a recent online poll of 546 business travelers who take at least 10 overnight business trips per year, found that road warriors typically work an...
The Historic Rice Hotel, Shuttered for 20 Years, Again a Houston Landmark / Oct 1998
April 30, 1998
Hotel Online Special Report The Historic Rice Hotel, Shuttered for 20 Years, Again a Houston Landmark Rice Hotel Facts HOUSTON, Oct. 29, 1998 - Houston's storied Rice Hotel, which once played host to American luminaries before falling into decades of neglect, gets a new lease on life today as a luxury apartment community. The $27.5 million renovation, which restores much of the 1913-era structure to its early glamour, is a joint effort by Atlanta-based Post Properties, local developer Randall Davis and The Houston Housing Finance Corporation. It's a prime example of how adaptive reuse around the country is revivin...
Resortquest International Implements Quality Standards and Accommodation Categories for Vacation Rental Properties / Oct 1998
April 30, 1998
Hotel Online Special Report Resortquest International Implements Quality Standards and Accommodation Categories for Vacation Rental Properties MEMPHIS, Tenn - Oct. 20, 1998--ResortQuest International, Inc. (NYSE:RZT), the first brand name in the vacation rental and property management industry, today announced that the company has implemented quality standards and accommodation categories at its more than 13,000 rental homes and condominiums located throughout North America. The quality standards and accommodation categories are the first of their kind in the vacation rental industry, and are designed to ensure ...
David L. Rea Appointed CFO at Red Roof Inns / Oct 1998
April 30, 1998
Hotel Online Special Report David L. Rea Appointed CFO at Red Roof Inns COLUMBUS, Ohio, Oct. 8, 1998 - Red Roof Inns, Inc. (NYSE: RRI) today announced the appointment of David L. Rea, 38, to the position of executive vice president, chief financial officer and treasurer replacing David N. Chichester who resigned to pursue other interests. Mr. Chichester has also resigned as a member of the company's Board of Directors. The board vacancy will not be filled at this time. Mr. Chichester will serve as a consultant to the company through the end of 1998. Mr. Rea, who until this promotion served as the company's senior vice p...
Moderate-Price Vs Upper-End Extended-Stay Hotel: Is There a Profitable Niche? / Robert Mandelbaum / PKF / Oct 1998
April 30, 1998
Charts Comparative Rooms Department Profits and Payroll Expenses Comparative All-Suite Profitablility by Robert Mandelbaum - Oct 1998 Lets face it. A main reason for the recent explosion of extended-stay hotel development is the historical success of this segment of the lodging industry. Extended-stay hotels have always achieved occupancy rates and profit margins that far exceeded overall industry averages. On the surface, these would appear to be very compelling reasons to enter the marketplace. However, the newest entrants into the extended-stay market are quite different from their predecessors. Prior t...
RFS Hotel Investors, Inc Reports YTD 3rd Qtr Occupancy Down 1.2% / J. William Lovelace Appointed President COO / Oct 1998
April 30, 1998
Hotel Online Special Report RFS Hotel Investors, Inc Reports YTD 3rd Qtr Occupancy Down 1.2% with ADR Up 6.5% J. William Lovelace Appointed President / COO Hotel Statistical Data Hotel Acquisitions and Development Data MEMPHIS, Tenn - Oct. 29, 1998--RFS Hotel Investors, Inc. (NYSE: RFS) today announced unaudited operating results for the third quarter of 1998. For the quarter ended Sept. 30, 1998, funds from operations (FFO) was $18,258,000, or $0.67 per share, compared to $16,090,000, or $0.60 per share, for the same quarter of 1997. This represents an increase of approximately 12% in per share FFO. T...
