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ResortQuest International Agrees to Acquire Abbott Resorts, Inc. in Florida / Sept 1998
March 30, 1998
Hotel Online Special Report --- ResortQuest International Agrees to Acquire Abbott Resorts, Inc. in Florida Acquisition Will Increase Pro Forma Revenues by 47 Percent MEMPHIS, TN - Sept. 18, 1998--ResortQuest International, Inc. (NYSE:RZT), the first brand name in the vacation rental and property management industry, today announced that it has signed an agreement to acquire Abbott Resorts, Inc., a property management and realty company in Destin, Florida, for $34 million in cash and stock, plus the assumption of certain debt. The acquisition is accretive to ResortQuest's earnings and enhance...
Radisson's Corporate Presence in Asia/Pacific Strengthens with Acquisition of Australia-based DC International / Sept 1998
March 30, 1998
Hotel Online Special Report --- Radisson's Corporate Presence in Asia/Pacific Strengthens with Acquisition of Australia-based DC International -- Includes 18 Radisson Hotels in Australia, Indonesia and Malaysia MINNEAPOLIS, Sept. 23, 1998 -- Radisson Hotels Worldwide today announced it has completed a strategically significant acquisition that results in obtaining controlling interest of Sydney, Australia-based DC International Limited ("DCI") which operates 18 Radisson hotels and resorts in Australia, Indonesia and Malaysia. DCI has previously operated as an independent licensee, franchising the...
Even As U.S. Hotel Occupancy Rates Decline, Average Daily Room Rates / Sept 1998
March 30, 1998
Hotel Online Special Report --- Even As U.S. Hotel Occupancy Rates Decline, Average Daily Room Rates Rise PricewaterhouseCoopers Lodging Research Network Reports NEW YORK - Sept. 2, 1998--Even as U.S. hotel occupancy rates continue to decline slightly in 1998, average daily room rates at America's hotels will continue to rise, according to the Lodging Research Network (www.lodgingresearch.com), the comprehensive Internet-based resource for lodging industry data and information from PricewaterhouseCoopers. U.S. hotel occupancy rates will fall from 64.6 percent in 1997 to 63.9 percent ...
$62.8 Million Hyatt Regency Under Construction at Pittsburgh International Airport / Sept 1998
March 30, 1998
Hotel Online Special Report --- $62.8 Million Hyatt Regency Under Construction at Pittsburgh International Airport CHICAGO -- August 20, 1998 -- Hyatt is adding to its portfolio of on-airport hotels with a newly constructed property inside Pittsburgh International Airport, according to an announcement today from Chicago-based Hyatt Hotels Corporation. The 331-room, 11-story Hyatt Regency Pittsburgh International Airport will be the first and only hotel with an enclosed, direct pedestrian link to the new Midfield Terminal. Construction is scheduled to begin in November, with completion scheduled fo...
A.F. Petrocilli Named Chairman and CEO at Prime Hospitality Corp. To Reduce Hotel Development / Sept 1998
March 30, 1998
Hotel Online Special Report --- A.F. Petrocilli Named Chairman and CEO at Prime Hospitality Corp. To Reduce Hotel Development; Caution for Third and Fourth Quarter FAIRFIELD, N.J., Sept. 15, 1998 - Prime Hospitality Corp. (NYSE: PDQ) announced that it has appointed A.F. Petrocelli to the positions of Chairman and CEO, replacing David Simon who will resign both posts effective September 30, 1998. Mr. Petrocelli has served on Prime's board of directors since 1992, and is also Chairman and CEO of United Capital Corp. (Amex: AFP), a diversified real estate and manufacturing company. Mr. Simon has...
Milton Cooke Announces Departure from PATA / Sept 1998
March 30, 1998
Hotel Online Special Report --- Milton Cooke Announces Departure from PATA SAN FRANClSCO, Calf., August 25,1998--Mr. Milton Cooke, CIC, Director-Americas and Marketing for the Pacific Asia Travel Association (PATA), has announced he will leave his position with the Association in mid-September. Mr. Cooke joined PATA as Director of Marketing in early 1997, when he was hired to oversee PATA's international events, including the Annual Conference and Travel Mart in Beijing, as well as the Chapters World Congress in Shanghai. All three events were deemed highly successful, attracting more than 4,000 in...
Report: On-line Leisure Travel Booking Is Booming / Sept 1998
March 30, 1998
Hotel Online Special Report --- Report: On-line Leisure Travel Booking Is Booming - Consumers to Generate $29.5 Billion Booking On-Line Leisure Trips by 2003 CAMBRIDGE, Mass - Sept. 30, 1998--On-line leisure travel booking is booming, propelled by broad consumer acceptance and aggressive efforts by airlines, hotels, and other travel suppliers to enable direct booking of travel reservations. This combination of factors will produce 65.5 million leisure trip bookings and $29.5 billion in revenues in 2003, according to a new Report from Forrester Research, Inc. (Nasdaq:FORR). On-line consumers are...
Northwind Maestro Strengthens Its Realtime Operation Integration / Sept 1998
March 30, 1998
Hotel Online Special Report --- Northwind Maestro Strengthens Its Realtime Operation Integration Markham, ON / Boca Raton, FL. September 1998 - Northwind Software Corporations utilization of advanced design and development tools allowed Northwind developers to enhance the seamless operational integration of the Northwind Maestro PMS modules. Northwinds focus on Management Needs is strengthened with the addition of special performance analysis reports and additional features to have direct access and utilize client database for marketing and guest tracking purposes. Special integration...
Hyatt Signs Agreement to Build Niagara Falls Casino/Gateway Project / Sept 1998
March 30, 1998
Hotel Online Special Report --- Hyatt Signs Agreement to Build Niagara Falls Casino/Gateway Project Region's largest development ever will boost tourism, economic growth in Niagara region CHICAGO - Sept. 14, 1998--Hyatt Development Corporation, leading a consortium of five firms, today announced that it has reached an agreement with Ontario Casino Corporation on business terms to finance, design, build and operate Niagara Falls Casino/Gateway Project in Niagara Falls, Ontario. The initial scope of the project, in excess of half a billion dollars, sets forth a comprehensive year-round tourism plan wh...
Priscilla Nesbitt Appointed Manager for Best Western Supply in Canada / Sept 1998
March 30, 1998
Hotel Online Special Report --- Priscilla Nesbitt Appointed Manager for Best Western Supply in Canada PHOENIX, September 8, 1998 Priscilla Nesbitt was recently appointed manager of Best Western Supply Canada for Best Western International Inc. In her new Toronto-based position, Nesbitt will be responsible for the direction and implementation of national purchasing and supply initiatives for the independently owned and operated Canadian Best Western hotels. "I look forward to this challenge with an internationally recognized leader in the industry," explains Nesbitt. "It is a great opportunity t...
Anupam Narayan Appointed Vice President, CFO at Best Western / Sept 1998
March 30, 1998
Hotel Online Special Report --- Anupam Narayan Appointed Vice President, CFO at Best Western PHOENIX, Sept. 25, 19998- One of the hospitality industry's leading financial officers has joined BestWestern International Inc. as vice president and chief financial officer. Anupam Narayan, former senior vice president and treasurer of the Doubletree Corporation, will assume his new duties at Best Western's international headquarters in Phoenix immediately, according to Chief Operating Officer Jerry R. Manion. "We are very pleased to have someone with Anupam's extensive background and outstanding pro...
NCI Software Inside of Televisions Revolutionizes Hotel Entertainment And Communications / Sept 1998
March 30, 1998
Hotel Online Special Report --- NCI Software Inside of Televisions Revolutionizes Hotel Entertainment And Communications DUSSELDORF, Germany, Sept. 14, 1998 - Today at the Hogatec Show, Network Computer, Inc. (NCI) and the Semi-Tech Group announced a global agreement to bring in-room interactive entertainment and communications services to the world's premier hotel properties. Semi-Tech, a leading consumer electronics manufacturer under the Akai brand, will incorporate NCI's TV Navigator(TM) technology inside of Akai television sets. Beginning in November, Semi-Tech will deploy the internet-en...
Out-of-Favor Lodging Stocks Offer Excellent Values for Investors / Sept 1998
March 30, 1998
Hotel Online Special Report --- Out-of-Favor Lodging Stocks Offer Excellent Values for Investors NationsBanc Montgomery Securities Analyst Tells Investors SAN FRANCISCO - Sept. 15, 1998--With industry fundamentals still generally attractive, investors looking for value in today's market should consider many of the publicly traded lodging companies, according to NationsBanc Montgomery Securities' senior lodging analyst. The analyst, Michael G. Mueller, made his remarks at the 28th Annual NationsBanc Montgomery Securities Investment Conference, which opened yesterday. The conference, which is t...
Jay Molitor III named GM of new Marriott at Denver International Airport / Sept 1998
March 30, 1998
Hotel Online Special Report --- Jay Molitor III named GM of new Marriott at Denver International Airport Atlanta - September, 1998 - Impac Hotel Group, L.L.C., announced today that it has appointed Jay Molitor III as General Manager of the new Marriott Hotel close to the Denver International Airport. The 238-room, full-service Marriott, scheduled to open this fall, will be located at the intersection of Interstate 70 and Pena/Airport Boulevard in the Gateway Park developmentmaking it the closest full-service hotel to Denver International Airport. Impac will own and operate the Marriott Hotel. ...
Miramar Sheraton to HERE Local 814: Let Employees Vote Now; One Year Anniversary of Employees' Vote Against Union / Sept 1998
March 30, 1998
Hotel Online Special Report --- Miramar Sheraton to HERE Local 814: "Let Employees Vote Now"; One Year Anniversary of Employees' Vote Against Union SANTA MONICA, Calif- Sept. 9, 1998--Saying that frustrated employees have "waited long enough," Miramar Sheraton Hotel General Manager Bill Worcester has challenged Hotel Employees and Restaurant Employees (HERE) Local 814 to hold an election this Oct. 1, allowing the hotel's employees to vote for a second time on the issue of decertification of the union. The date marks the one year anniversary of a National Labor Relations Board (NLRB) ...
Minnesota Hospitality Executives Claiming Most Successful Summer Ever / Sept 1998
March 30, 1998
Hotel Online Special Report --- Minnesota Hospitality Executives Claiming Most Successful Summer Ever Busy Minnesota Summer '98 Travel Season Shows No Signs of Slowing as Fall Approaches ST. PAUL, Minn., Sept. 2, 1998 - Labor Day traditionally marks the end of the peak season for Minnesota's tourism industry, but this summer's strong business gives all indications that it will continue to be brisk through the fall, according to many Minnesota resort owners. This is the second straight year that Minnesota's resorts, campgrounds and hotels/motels have benefited from a busy travel season, ...
Robert Karch Appointed Executive Vice-President of Operations Hotels at Meristar / Sept 1998
March 30, 1998
Hotel Online Special Report --- Robert Karch Appointed Executive Vice-President of Operations Hotels at Meristar MeriStar Hotels Resorts Announces New Senior Level Management WASHINGTON - Sept. 29, 1998--MeriStar Hotels Resorts, Inc. (NYSE: MMH), the nation's largest independent, non-branded hotel management company, today announced its new senior management team. Named to head up the new company are Paul W. Whetsell, chairman and CEO; Steven D. Jorns, vice-chairman and COO; David McCaslin, president; and James A. Calder, chief financial officer. The company also announced management appointment...
Robert Burnham, Is General Manager at Just Opened 52 – Unit Microtel Inn & Suites in Mason, OH / Sept 1998
March 30, 1998
Hotel Online Special Report --- Robert Burnham, Is General Manager at Just Opened 52 - Unit Microtel Inn & Suites in Mason, OH ATLANTA (Sept. 22, 1998) - Microtel Inn & Suites- the fastest growing chain of all newly - constructed, interior corridor, budget hotels in the U.S. - will hold the official grand opening ceremony for Ohio's newest Microtel Inn & Suites on Thursday, September 24, from 4:30 p.m. to 7:00 p.m. at the Mason-Kings Island Microtel Inn & Suites, 5324 Beach Blvd. off Interstate 71. The Mason-Kings Island property is the fifth Microtel to open in the state. Properties are ...
Marriott International Named One of 100 Best Companies for Working Mothers / Sept 1998
March 30, 1998
Hotel Online Special Report --- Marriott International Named One of 100 Best Companies for Working Mothers By Working Mother Magazine WASHINGTON, Sept. 8, 1998 - Marriott International, Inc. has, for the eighth time, been named one of the 100 Best Companies for Working Mothers, according to the October issue of Working Mother magazine. The publication spotlights outstanding workplaces for women and tracks family-friendly workplace trends. Each year, Working Mother selects those companies that are most innovative and advanced in their support of working mothers according to the following c...
Ritz-Carlton, San Francisco Hotel Acquired by Host Marriott Corporation For $161 Million / Sept 1998
March 30, 1998
Hotel Online Special Report --- Ritz-Carlton, San Francisco Hotel Acquired by Host Marriott Corporation For $161 Million BETHESDA, Md., Sept. 9, 1998 - Host Marriott Corporation (NYSE: HMT) announced it has completed the acquisition of the 336-room Ritz-Carlton, San Francisco. The partnership owning the hotel was purchased for $161 million. The Earnings Before Interest Expense, Taxes, Depreciation, Amortization and other non-cash items (EBITDA) from the hotel is projected to be $18.6 million in 1999. Mr. Terence C. Golden, president and chief executive officer, stated, "The Ritz-Carlton, San Fra...
Memphis Crowne Plaza Hotel Acquired by Host Marriott Corporation For $16 Million / Sept 1998
March 30, 1998
Hotel Online Special Report --- Memphis Crowne Plaza Hotel Acquired by Host Marriott Corporation For $16 Million BETHESDA, Md., Sept. 9, 1998 - Host Marriott Corporation (NYSE: HMT) announced it has completed the acquisition of the 404-room Memphis Crowne Plaza Hotel. The hotel was purchased for $16 million and will be converted into a full-service Marriott Hotel to be managed by Marriott International, Inc. Host Marriott intends to invest $13.5 million in the hotel's renovation. After renovations are completed, the first full year Earnings Before Interest Expense, Taxes, Depreciation, Amortiza...
Marriott International To Hire Up To 5,000 Yearly Through New Local Centralized Employment Center / Sept 1998
March 30, 1998
Hotel Online Special Report --- Marriott International To Hire Up To 5,000 Yearly Through New Local Centralized Employment Center WASHINGTON, Sept. 9, 1998 - Marriott International, Inc. (NYSE: MAR), the fourth-largest employer in the Washington, D.C. metropolitan area, today opened the Marriott Employment Center (MEC) in downtown Washington. The Center expects to fill up to 5,000 positions annually throughout the District. Working with local community groups, the Marriott Employment Center will recruit, screen and place employees in new and vacant positions in the 127 Marriott International and r...
Marilyn Carlson Nelson Ranks Seventh Among Fortune's 50 Most Powerful Women in American / Sept 1998
March 30, 1998
Hotel Online Special Report --- Marilyn Carlson Nelson Ranks Seventh Among Fortune's 50 Most Powerful Women in American Business MINNEAPOLIS, Sept. 21, 1998 - Marilyn Carlson Nelson, Vice Chair, President and Chief Executive Officer of Carlson Companies, is ranked seventh on Fortune magazine's inaugural list of the 50 Most Powerful Women in American Business. Fortune describes Nelson as a "new star" among the female business leaders the publication has included in its Top 50 list published in the October 12 issue. Nelson became president and CEO of Carlson Companies in March 1998, overseeing o...
Name Change from Budgetel Inns to Baymont Inns Designed to Improve RevPAR by Expanding the Customer Base and Increasing Franchise Development / Sept 1
March 30, 1998
Hotel Online Special Report --- Marcus Corporation Reports First Quarter Earnings - -- Name Change from Budgetel Inns to Baymont Inns Designed to Improve RevPAR by Expanding the Customer Base and Increasing Franchise Development MILWAUKEE - Sept. 24, 1998- -The Marcus Corporation (NYSE:MCS) today reported record revenues and increased earnings for the first quarter of fiscal 1999 ended August 27, 1998. Beginning with this quarter, the company is reporting results based on three 13-week quarters and a final quarter comprised of 13 or 14 weeks. Previously, the company's fiscal year con...
