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QuikPoll – a Data Polling Method / Polling Data from Multiple Locations / Oct 1998
April 30, 1998
Hotel Online Special Report QuikPoll - a Data Polling Method Polling Data from Multiple Locations October 08, 1998- HSI, the Boca Raton, Florida based Point-of-Sale system provider announced the release of it's newest module, QuikPoll, today. Designed with current and future customers in mind, QuikPoll pulls data manually or automatically from multiple locations for compilation at a corporate location. Any spreadsheet application that can accept ASCII text can be used to create customized reports using the data retrieved by QuikPoll. As a precursor to an HSI's Enterprise Polling Solution, currently in developme...
Portofino Bay Hotel at Universal Studios First of Five Planned Properties / Oct 1998
April 30, 1998
Hotel Online Special Report Portofino Bay Hotel at Universal Studios First of Five Planned Properties ORLANDO, Fla., Oct. 7, 1998 - The Portofino Bay Hotel will be the first hotel on-site at Universal. Featuring 750 elegantly appointed rooms, the Portofino Bay Hotel will recreate the charm and romantic harbor setting of the Mediterranean seaside village of Portofino, Italy. The property will offer eight restaurants and lounges, a 10,600-square-foot health spa, two swimming pools, two bocci ball courts and a full-service business center. In addition to enjoying luxurious accommodations, Portofino Bay Hotel guests wil...
Park Plaza International Hotels Retools for Growth / Oct 1998
April 30, 1998
Hotel Online Special Report Park Plaza International Hotels Retools for Growth DALLAS, Tex. and SCOTTSDALE, Ariz - Oct. 2, 1998--Park Plaza International Hotels, Inns and Resorts (the "Company") today announced an agreement under which Jonathan R. Read and Frank E. Orenstein will lead a buyout of certain of the Company's international operations. In a related management reorganization, Park Plaza announced that Michael G. Medzigian, Managing Director of Dallas-based Olympus Real Estate Corporation, which represents a majority ownership interest in Park Plaza International, has been named President and Chief Execut...
Hilton, Grand Casinos Spinoff to be Named Park Place Entertainment Corp./ Oct 1998
April 30, 1998
Hotel Online Special Report Hilton, Grand Casinos Spinoff to be Named Park Place Entertainment Corp. BEVERLY HILLS, Calif - Oct. 14, 1998--Hilton Hotels Corp. (NYSE:HLT) and Grand Casinos Inc. (NYSE:GND) Wednesday announced the filing with the Securities and Exchange Commission of a preliminary joint proxy statement and prospectus detailing Hilton's proposed separation of its lodging and gaming operations and the new gaming company's proposed merger with Grand Casinos' Mississippi operations. This document had previously been filed confidentially with the SEC. The transactions are expected to be completed by year-en...
Pacific Bell To Serve As A Telecommunications Provider For Cendant California Franchises / Oct 1998
April 30, 1998
Hotel Online Special Report Pacific Bell To Serve As A Telecommunications Provider For Cendant California Franchises PARSIPPANY, N.J - Oct. 6, 1998 - Cendant Corporation, the owner of well-known brand names in the lodging and real estate industries, has signed a three-year agreement naming Pacific Bell a primary telecommunications provider for Cendant's franchises in California. The agreement is among the first of its kind that gives the affiliated businesses of a national corporation a single point of access for all of their communications needs. Cendant is franchiser of such popular brand names as COLDWELL BANKER(R), ER...
Merger Plans Canceled by PMC Commercial Trust and Supertel Hospitality, Inc. / Oct 1998
April 30, 1998
Hotel Online Special Report Merger Plans Canceled by PMC Commercial Trust and Supertel Hospitality, Inc. DALLAS, Oct. 15, 1998 - PMC Commercial Trust (Amex: PCC) today announced that the PCC Board of Trust Managers and the Supertel Hospitality, Inc. (Nasdaq: SPPR) Board of Directors have voted to terminate the merger agreement between the two companies. A definitive agreement had been signed in June to merge Supertel into PCC. Each share of Supertel common stock was to be exchanged for 0.6 common shares of PCC unless PCC shares traded below $17.50, which could have required the issuance of additional shares in order f...
April 30, 1998
Hotel Online Special Advertisement The Pracising Law Institute Schedules Seminar Current Issues in Hotel Development & Financing Oct. 14, 1998 - The hotel industry is booming. New hotels are being built at a rapid rate as major hotel chains expand. In addition, the area of mergers and acquisitions is very active, with ownership of properties changing so quickly that it's difficult to keep track of who owns what. Hotel management, operations and franchise agreements are crucial subjects for the practitioner who works in this field. Financing hotel deals involves substantial amounts of money and issues of de...
Pause In Hotel Industry Performance Requires Concentration on Fundamentals / PKF / Oct 1998
April 30, 1998
Hotel Online Special Report Pause In Hotel Industry Performance Requires Concentration on Fundamentals PKF Consulting Report Provides Data For Analyzing Hotel Profitability ATLANTA, Oct. 19, 1998 - PKF Consulting, the international hospitality consulting firm, finds in a recently released report that while the long-term prospects for the lodging industry are sound, hotels may be facing a pause in their favorable performance during the next two years. This pause will require hotel owners and operators to shift their focus towards the fundamentals of hotel operations that will enable them to maximize profits. The 5...
The Budgeting Process: Close, But No Cigar / Patrick Quek / PKF / Oct 1998
April 30, 1998
Charts: 1997 Budget vs. Actual Performance Market Performance Dollars Per Occupied Room Selected Operating Expenses by: Patrick Quek - October, 1998 Its September, and all across the nation hotel general managers are siting down with their controllers and department heads to prepare their budgets for 1999. By now, the marketing plan should have been developed and all the top-line revenues estimated. The next step is to project the operating costs that will be expended in order to run the operation effectively and achieve the desired profit goals. Over the years, hotel marketing plans and budgets have bec...
The Youth Travel Market – Important Generator of Tourism / PATA / Oct 1998
April 30, 1998
Hotel Online Special Report The Youth Travel Market - Important Generator of Tourism --- also: The Big Global Travel Agencies Are Getting Bigger Chart: Leading International Travel Agency Chains and Consortia, 1996-1997 The Youth Travel Market - Important Generator of Tourism Although the industry has long recognised that the youth travel market is an important gener-ator of tourism and more significantly, offers better than average potential for future growth, mea-surement of its size and importance has not been easy because of a shortage of supporting statistical data. This is t...
Outrigger Hotels & Resorts Will Manage the Waikiki Shore All-suite Property in Honolulu / Oct 1998
April 30, 1998
Hotel Online Special Report Outrigger Hotels & Resorts Will Manage the Waikiki Shore All-suite Property in Honolulu Honolulu, Hawaii USA -- October 20, 1998 - Outrigger Hotels & Resorts has announced it will begin to provide rental management for a majority of units at the Waikiki Shore resort condominium effective January 1, 1999. Units are currently being managed by Aston Hotels & Resorts. The property is Outrigger's first condominium on Oahu and its third beachfront location in Waikiki. According to Perry Sorenson, Outrigger's chief operating officer, the Waikiki Shore is a welcome addition to Outrigger's portfol...
African-Americans Capitalize on Lodging's Stability, Growth / NABHA / Oct 1998
April 30, 1998
Hotel Online Special Report African-Americans Capitalize on Lodging's Stability, Growth Atlanta, GA - October - 1998 - The future of this nation is much brighter than it may appear on the surface. Many owners of businesses are busy deciding just how they intend to be active and profitable in this lucrative lodging industry. Our nation's government may be in an uproar, but the small businesses of this country are beginning to see many new markets in which to capitalize that offer stability and growth potential. When speaking recently with Donnell Thompson of Thompson Hospitality, which is based in Atlanta and is d...
Accor Completes $1.1 Billion Sale Leaseback Program for Motel 6 / Oct 1998
April 30, 1998
Hotel Online Special Report Accor Completes $1.1 Billion Sale Leaseback Program for Motel 6 DALLAS - Oct. 6, 1998--Motel 6 has completed an innovative sale leaseback program for a significant number of its properties. This strategy will free up Motel 6's financial resources, while still retaining management of its properties. In the program, 288 Motel 6 locations, totaling 33,000 rooms, were sold at a price of $1.1 billion, according to Motel 6 Chief Financial Officer Armand Sebban. Motel 6 took advantage of very positive financial markets in 1998, which included low long-term fixed rates and a large availabilit...
Microtel First Budget Hotel Chain to Offer Full Internet Booking Capabilities / Oct 1998
April 30, 1998
Hotel Online Special Report Microtel First Budget Hotel Chain to Offer Full Internet Booking Capabilities ATLANTA (Oct. 21, 1998) Business and leisure travelers are now only two clicks away from booking a reservation at any Microtel Inn & Suites property in the U.S. when they log onto the microtelinn.com homepage. Microtel Inn & Suites has taken another important leap into cyberspace by offering Internet users the capability to book and confirm reservations quickly and easily. Microtel the nations fastest growing chain of all newly-constructed, interior corridor, budget hotels with over 500 properties open or u...
MeriStar Hospitality Will Invest $24 million to Enhance the South Seas Resort Portfolio / Oct 1998
April 30, 1998
Hotel Online Special Report MeriStar Hospitality Will Invest $24 million to Enhance the South Seas Resort Portfolio Completes Acquisition of South Seas Properties Company WASHINGTON - Oct. 5, 1998--MeriStar Hospitality Corporation (NYSE: MHX), the nation's fourth largest hotel REIT, today announced that it has completed the previously announced acquisition of South Seas Properties Company, L.P., west Florida's largest beachfront resort owner and operator. The properties are owned by MeriStar Hospitality Corporation and leased and operated by MeriStar Hotels Resorts, Inc. (NYSE:MMH), the nation's largest independ...
Sol Melia Set to Open Third Property in Punta Cana, Dominican Republic – The 540-suite Melia Tropical Beach Resort / Oct 1998
April 30, 1998
Hotel Online Special Report Sol Melia Set to Open Third Property in Punta Cana, Dominican Republic - The 540-suite Melia Tropical Beach Resort PUNTA CANA, Dominican Republic - Oct. 8, 1998 -- The 540-suite Melia Tropical All-Inclusive Beach Resort on Bavaro Beach in Punta Cana, Dominican Republic, is on schedule for an end-of-the-year opening. The Melia Tropical will feature contemporary Caribbean design suites, five restaurants, three bars, nightly shows, the largest lagoon-style swimming pool in the Caribbean, a mini-club for children ages 4-11, daily activities program, fitness center, club house, fun pub, w...
Francisco Crespi Appointed General Manager of the Melia Barcelona – Hotel Invests in Renovation / Oct 1998
April 30, 1998
Hotel Online Special Report Francisco Crespi Appointed General Manager of the Melia Barcelona - Hotel Invests in Renovation Profile: Sol Melia Francisco Crespí Recasens has been appointed General Manager of the Meliá Barcelona Hotel, replacing Andrés Encinas who has been named Vice President Operations for the real estate company Inmotel Inversiones S.A. Francisco Crespí was born in Palma de Majorca and successfully completed university studies in economics, hotel management and law. He began his career in the tourism industry in 1957 in the Viajes Ibero-Alemán travel agency. After several position...
The 173 Room McLure House Hotel, Wheeling, WV Sold for 3.2 Million / Oct 1998
April 30, 1998
Hotel Online Special Report The 173 Room McLure House Hotel, Wheeling, WV Sold for 3.2 Million MIAMI - Oct. 15, 1998--Pelican Properties International Corporation (OTC BB:PELP), through its wholly owned subsidiaries Ohio Key I and Ohio Key II, today announced the acquisition of the 146-year-old historic landmark McLure House Hotel ("McLure") from McLure Hotel, Inc., a subsidiary of WesBanco Bank Wheeling. Pelican Properties International Corp. purchased the profitable hotel on Oct. 15, 1998, for $3.2 million in cash, of which the purchase funds were drawn from the Company's existing 1031 Exchange Account as establis...
Ron McNair to Head Up Arthur Andersen's U.S. Hospitality Industry Team (HIT) / Oct 1998
April 30, 1998
Hotel Online Special Report Ron McNair to Head Up Arthur Andersen's U.S. Hospitality Industry Team (HIT) Introduces 21st Century Business Solutions for the U.S. Hospitality Industry LOS ANGELES, Oct. 20, 1998 - Arthur Andersen's Hospitality and Leisure practice has expanded its capability to deliver a full range of services with the formation of the U.S. Hospitality Industry Team (HIT) headed by Ron McNair. McNair has more than 17 years of experience in providing strategic and technology services to hospitality and entertainment companies. As the Director of Arthur Andersen's Business Consulting Hospitality pract...
Marriott International Sales totaled $7.0 billion, a 13 percent increase over the first three quarters of 1997 / Oct 1998
April 30, 1998
Hotel Online Special Report Marriott International Sales totaled $7.0 billion, a 13 percent increase over the first three quarters of 1997 Key Lodging Statistics Third Quater 1998 Year-to-Date WASHINGTON, Oct. 1, 1998 - Marriott International, Inc. (NYSE: MAR) today reported diluted earnings per share of 32 cents for its 1998 third quarter ended September 11, an increase of 19 percent over 27 cents in the corresponding 1997 quarter. Net income for the 1998 quarter rose to $86 million from $74 million a year ago, while sales increased nine percent to $2.3 billion. J.W. Marriott, Jr., chairman and chief executive of...
Atef Mankarios Forms Luxury Hotel Management Company / Oct 1998
April 30, 1998
Hotel Online Special Report Atef Mankarios Forms Luxury Hotel Management Company Enters Into Joint Venture With an Affiliate of Apollo Real Estate Advisors DALLAS - Oct. 1, 1998--Atef Mankarios, former Chairman of Rosewood Hotels Resorts, LLC, and past Chairman of Preferred Hotels Resorts, Inc., has formed Foresthills Hotels Resorts, Inc., and has entered into a joint venture with an affiliate of Apollo Real Estate Advisors, LP, which will provide substantial investment capital to the newly formed company. Mr. Mankarios will serve as the General Partner of the Joint Venture. Foresthills Hotels Resorts was established ...
MGM Grand, Inc. Opens Temporary Casino Within the Sundome in Johannesburg, South Africa / Oct 1998
April 30, 1998
Hotel Online Special Report MGM Grand, Inc. Opens Temporary Casino Within the Sundome in Johannesburg, South Africa LAS VEGAS, Oct. 1, 1998 - MGM Grand, Inc. (NYSE: MGG) announced today the opening of the Johannesburg temporary casino, in the centrally situated Gauteng Province of the Republic of South Africa. The site is located at Northgate, an upscale Johannesburg suburb. The Gauteng Province, with nearly seven million people, is the most populous and economically developed province in South Africa. The temporary casino, located within the Sundome in Johannesburg, includes 1,700 slots and 50 table games. Planning...
MGM Grand, Inc. Reports Third Quarter Results In Line With Expectations / Oct 1998
April 30, 1998
Hotel Online Special Report MGM Grand, Inc. Reports Third Quarter Results In Line With Expectations MGM Grand, Inc. Hotel Statistics LAS VEGAS, Nev., Oct. 29, 1998 - MGM Grand, Inc. (NYSE: MGG) today reported earnings for the third quarter ended September 30, 1998 of 31 cents per diluted share, compared with 25 cents per diluted share for the 1997 quarter. Net income for the 1998 third quarter was $17.1 million compared with $14.5 million in the prior year's quarter. Before one-time charges and extraordinary items, the 1997 third quarter net income was $37.1 million, or 63 cents per diluted share. The 1997 third quart...
Southern Sun Hotels in South Africa Now Using Hotel Information Systems PMS and Central Reservation System Software / Oct 1998
April 30, 1998
Hotel Online Special Report Southern Sun Hotels in South Africa Now Using Hotel Information Systems PMS and Central Reservation System Software IRVINE, Calif - Oct. 15, 1998--MAI Systems Corp. (ASE:NOW) Thursday announced that Southern Sun Hotels, Southern Africa's largest hotel chain, has become the world's first hotel operator to implement central reservations and property management systems by outsourcing them to IBM. The five-year deal is worth $6 million. The central reservations system enables customers to receive a confirmed reservation at any of Southern Sun's 54 hotels within two minutes, either directl...
