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Timeshare Developers increase sales while strengthening their loan portfolio / July 1998
March 30, 1998
Hotel Online Special Report --- Timeshare Developers increase sales while strengthening their loan portfolio --- New insurance products, designed specifically for the timeshare developer have been launched that will improve sales and offer additional revenue sources. The products are VacationGuarantee, and TravelGuarantee, these two innovative programs designed to provide much needed security to the interval resort traveler and vacation owner while at the same time improving sales and offering an alternative revenue center for the development company. VacationGuarantee provides insurance covera...
U.S. Franchise Systems Reports Record Franchise Sales in Q2 1998 / July 1998
March 30, 1998
Hotel Online Special Report --- U.S. Franchise Systems Reports Record Franchise Sales in Q2 1998 Hawthorn Suites Sets Records for Executed Agreements Microtel Inn Suites Opens Most Hotels Ever Best Inns Surpasses Expectations --- ATLANTA, July 21, 1998 - U.S. Franchise Systems, Inc. (Nasdaq: USFS), the company formed in October 1995 to acquire, market, service and rapidly expand well-positioned brands through franchising, today reported that it had record growth for its brands during the second quarter of 1998. U.S. Franchise Systems - Brand Status (as of June 30, 1998) ...
Timeshare's Seduction – Vacation Ownership has Shed its Poor Image / Mike Malley / H&MM / July 1998
March 30, 1998
Hotel Online Special Report ---- Timeshare's Seduction Vacation Ownership has shed its Poor Image and Grown Into an Enticing Industry Luring Developers Charts Top five motivations for vacation ownership purchase Special considerations for timeshares Timeshare Statistics By Region Resort Amenities and Pricing By Mike Malley H&MM Editor The timeshare industry has finally entered a new era. Major hotel company brand affiliations and the influence of the capital markets have pushed vacation ownership from a prolonged infancy into adolescence. Since 199...
The Ten Most Coveted, Difficult-to-Find Wines of 1998 / July 1998
March 30, 1998
Hotel Online Special Report --- The Ten Most Coveted, Difficult-to-Find Wines of 1998 --- LOS ANGELES CA - July 6, 1998 -- "First Sip," a new consumer wine newsletter that helps locate the greatest, rarest domestic wines being made, announced their Hit List of the most coveted, difficult-to-find wines of 1998. To compile this list, "First Sip" began with the top 100 highest rated domestic wines and cross-referenced them with the number of bottles produced of each. This list was then sent to more than 400 of the nation's elite wine retailers for a massive inventory of all available bottles of each wine...
The Telman MasterTech© Award / July 1998
March 30, 1998
Hotel Online Special Report --- The Telman MasterTech© Award is Now Accepting Nominations --- Houston, TX - July 20, 1998 - The Telman MasterTech© Award, sponsored by Hotel & Motel Management Magazine, recognizes and acknowledges companies that pioneer technology in the hospitality industry. Each year, the Telman MasterTech© Award distinguishes those who put themselves on the line to create the future of the hotel industry through development of new and innovative uses of technology. If you would like to nominate a hotel company that you think does a great job of utilizing and pioneering tec...
Technology: Telecom Turmoil / Barbara A. Worcester / H&MM / July 1998
March 30, 1998
Hotel Online Special Report ---- Technology: Telecom Turmoil By Barbara A. Worcester H&MM Senior Editor While there is no sales tax on interstate calls in New York, a local hotel was paying an additional 4-percent sales tax to the long distance telephone carrier every month for a long period of time, totally unaware that it was being charged a fraudulent fee . . . A Chicago hotel was being billed by a carrier for calls originating from another company located in the same area. The hotel had no idea it was footing the bill for the other firm's phone calls . . . An 800-room hot...
Texas Hotel & Motel Association Launches New Web Site / July 1998
March 30, 1998
Hotel Online Special Report --- Texas Hotel & Motel Association Launches New Web Site --- Austin, TX - July 7, 1998 - The new website for the Texas Hotel & Motel Association (www.texaslodging.com) has been launched. Its exciting, good looking and user friendly. The new site has a comprehensive list of over 1,300 lodging facilities from across Texas including hotels, motels, inns, condominiums, bed & breakfasts and guest ranches. The listings contain location, rates, amenities, payment options, web sites, email and more. The site also incorporates city information and current events and is d...
Suffolk County Restaurant Owners Challenge Smoking Law in Court / July 1998
March 30, 1998
Hotel Online Special Report --- Suffolk County Restaurant Owners Challenge Smoking Law in Court --- NEW YORK, July 2, 1998 - Suffolk County restaurant owners filed a legal challenge today to the county's ban on smoking in bar areas of restaurants. The suit, filed in the Eastern District of the U.S. District Court, seeks to enjoin enforcement of the law and to have the ordinance declared unconstitutional. Eight restaurant owners have joined the suit which argues that Suffolk's new smoking ordinance violates their right to equal protection under the U.S. Constitution by allowing smoking in stand-alon...
Starwood Acquires Westin Maui On Ka'anapali Beach, Hawaii/ Aug 1998
March 30, 1998
Hotel Online Special Report --- Starwood Acquires Westin Maui On Ka'anapali Beach, Hawaii WHITE PLAINS, N.Y., Aug. 4, 1998 - Starwood Hotels Resorts Worldwide, Inc. (NYSE: HOT), the world's largest hotel and gaming company, announced today that it has acquired, in partnership with an unaffiliated investment group, the 760-room Westin Maui, on Ka'anapali Beach from Kaukani, Inc, a Japanese venture company, for $132 million. The hotel, one of the premier resort facilities in Hawaii, has been operated by Westin Hotels Resorts, a wholly owned subsidiary of Starwood, since it opened in 1987. ...
Starwood Hotels Resorts Names Richard J. Cotter Managing Director of the St. Regis / July 1998
March 30, 1998
Hotel Online Special Report --- Starwood Hotels Resorts Names Richard J. Cotter Managing Director of the St. Regis --- WHITE PLAINS, N.Y., July 17, 1998 - Richard J. Cotter has been appointed Managing Director of the world renowned St. Regis Hotel in New York City, it was announced today by Fred Kleisner, President COO-The Americas of the Hotel Group of Starwood Hotels and Resorts Worldwide, Inc. Mr. Cotter has played a prominent role in high-profile city hotels on both coasts during his two decades in the hospitality industry. Presently he is Group Managing Director, North America, for The New York...
Newly Constructed Old Faithful Snow Lodge Opens at Yellowstone National Park / July 1998
March 30, 1998
Hotel Online Special Report --- Newly Constructed Old Faithful Snow Lodge Opens at Yellowstone National Park --- DENVER, July 13, 1998 Amfac Parks & Resorts has opened Phase One of the new Old Faithful Snow Lodge at Yellowstone National Park. A joint venture between concessioner Amfac Parks & Resorts and the National Park Service, the $19 million lodge is located near the world-famous Old Faithful geyser and is one of only two properties open both summer and winter at Yellowstone. Phase One of the property includes 52 guest rooms, a family dining restaurant and lounge, two-story main entrance, t...
Hilton New York Towers to Install Smartcard Electronic Door Locks / July 1998
March 30, 1998
Hotel Online Special Report --- Hilton New York Towers to Install Smartcard Electronic Door Locks First Hotel in Nation to Harness New Technology BEVERLY HILLS, Calif - July 28, 1998 - The Hilton New York Towers, the largest hotel in New York City, will install revolutionary new electronic locks on each of its 2,041 guestroom doors by the end of September, becoming the first hotel in the nation to link a SmartLock system with both SmartKeys and multifunction Smartcards. The SmartLock system recognizes information stored on a microchip imbedded in the hotel's SmartKeys or a guest's mult...
Signature Resorts Expands Worldwide Resort Locations with Three International Acquisitions / May1998
March 30, 1998
Hotel Online Special Report --- Signature Resorts Expands Worldwide Resort Locations with Three International Acquisitions --- SAN MATEO, Calif., July 14, 1998 - Signature Resorts, Inc. (NYSE: OWN) today announced that during the second quarter it acquired two new European resorts, one located in London, England and another in the Algarve region of Portugal. These new acquisitions give Signature Resorts a total of 27 European resort locations in the United Kingdom, Spain, France, Austria and Portugal. During the second quarter, Signature also acquired one new resort in Japan, its first Sunterra resort i...
Signature Resorts, Inc. Announces Corporate Name Change to Sunterra Corporation / July 1998
March 30, 1998
Hotel Online Special Report --- Signature Resorts, Inc. Announces Corporate Name Change to Sunterra Corporation Consolidating Brand and Parent Name for Stronger Branded Identity --- SAN MATEO, Calif., July 6, 1998 - Signature Resorts, Inc. (NYSE: OWN) announced today that it will change its corporate name to Sunterra Corporation, effective July 15, 1998, to create a stronger brand identity connection between the Company and its "Sunterra Resorts" and "Club Sunterra" brand names. Shareholders approved the name change at the 1998 annual meeting. The Company will continue to trade under the symbol "OWN" on...
Schrager spreads love for New York / Kthy Seal / July 1998
March 30, 1998
Hotel Online Special Report ---- Schrager spreads love for New York By Kathy Seal H&MM Los Angeles Bureau New York - July, 1998 - It's not just that he's a convicted felon or that you can cut his Brooklyn accent with a butter knife. It's not even his manner or the way he interrupts a phone interview for his four-year-old daughter that makes Ian Schrager stand out among the occupancy-and-revenue crowd. What makes Ian Schrager unique is that, despite his heightened transaction activity in the lodging industry, he doesn't call himself a hotel businessman. "I'd consider myself more in the...
Hotel Industry Sees Best Financial Performance in Years, But Customer Satisfaction is at Five-Year Low / July 1998
March 30, 1998
Hotel Online Special Report --- Hotel Industry Sees Best Financial Performance in Years, But Customer Satisfaction is at Five-Year Low - Satisfaction and Loyalty Among Consumers Lags Other Service Sectors According to American Customer Satisfaction Index --- CHICAGO, July 9, 1998 - Reflecting the downside challenges presented by another year of record profits, the lodging industry finds itself at a five-year low for customer satisfaction, according to the 1998 industry results of the American Customer Satisfaction Index (ACSI). The only uniform, cross-industry measure of consumers' perception...
Secrets and Success Strategies in the Restaurant Business / July 1998
March 30, 1998
Hotel Online Special Report --- Secrets and Success Strategies in the Restaurant Business Profiled in 'The Upstart Guide to Owning and Managing a Restaurant' --- CHICAGO, July 24, 1998 - Just because people have to eat doesn't mean they will choose to eat in your restaurant! According to hospitality professor, bartender trainer and restaurateur, Roy Alonzo, "A common misperception about restaurants is that they can endure the worst of economic times and even survive poor management. Restaurants follow the general business model of roughly 80% failing within the first five years of their existence. O...
Cendant Confirms Estimate of 1997 Accounting Restatement / July 1998
March 30, 1998
Hotel Online Special Report --- Cendant Confirms Estimate of 1997 Accounting Restatement PARSIPPANY, NJ AND STAMFORD, CT, JULY 28, 1998--Cendant Corporation (NYSE:CD) today announced that the Audit Committee of its Board of Directors had received an oral summary of the conclusions of Arthur Andersen LLP's forensic audit of the accounting records of the former CUC International. Arthur Andersen reported that its investigation was virtually complete. Deloitte & Touche LLP also reported on the status of its audit and indicated that it was substantially complete. Their conclusions were consisten...
Radisson Grand Aruba Resort, Spa & Casino Set to Re-Open in Late December 1998 Following a $35 Million Enhancement Project / July 1998
March 30, 1998
Hotel Online Special Report --- Radisson Grand Aruba Resort, Spa & Casino Set to Re-Open in Late December 1998 Following a $35 Million Enhancement Project July, 1998 - Construction began on the RADISSON GRAND ARUBA Resort, Spa & Casino shortly after the last guest checked out on March 1, 1998. The nine-month, $35-million renovation program, directed by Ai Group, Architects of Atlanta, Georgia, will transform the resort into the finest resort on Aruba, touching all areas of the property and including the creation of a full-service spa, the only such facility on Aruba. From the new lo...
Fears of Hotel Overbuilding are Overblown / July 1998
March 30, 1998
Hotel Online Special Report --- Fears of Hotel Overbuilding are Overblown, Lodging Research Network Says Excellent Returns Ahead Despite Robust Construction --- NEW YORK, NY - July 6, 1998-- Widespread fears among lodging industry investors, analysts, executives and others about overbuilding in the lodging industry are unjustified for the foreseeable future, according to the Lodging Research Network (www.lodgingresearch.com), the comprehensive Internet-based resource for lodging industry data and information from PricewaterhouseCoopers. While the lodging industry will start work on 147,700 new room...
Pinehurst Resorts Wins Lawsuit Protecting Its Famous Name / July 1998
March 30, 1998
Hotel Online Special Report --- Pinehurst Resorts Wins Lawsuit Protecting Its Famous Name --- VILLAGE OF PINEHURST, N.C., July 17, 1998 - Resorts of Pinehurst, Inc., owner of Pinehurst Resorts and Country Club and the Pinehurst No. 2 golf course, has received a significant victory in the U.S. Federal Courtof Appeals. In a unanimous decision, the Fourth Circuit held that Resorts has exclusive rights to federal marks for"Pinehurst" resort and golf course services and a District Court judge was correct in holding that two other golfcourses which used the term "Pinehurst" in their names violated federal tr...
Pegasus Systems to Pay Travel Agents for Internet Hotel Bookings / July 1998
March 30, 1998
Hotel Online Special Report --- Pegasus Systems to Pay Travel Agents for Internet Hotel Bookings Travel Agents Earn a 'Bonus Buck' Per Reservation Booked on TravelWeb --- DALLAS, July 20, 1998 - Pegasus Systems, Inc. (Nasdaq: PEGS) today announced the travel industry's first incentive program to encourage travel agents to use the Internet to book hotel rooms. Beginning today, Pegasus Systems will pay travel agencies that are members of its HCC (Hotel Clearing Corporation) commission processing service a $1 incentive fee for each net hotel reservation booked by the travel agency through Pegasus...
Patriot American Hospitality, Inc. Responds to Wall Street Journal's 'Heard On The Street' Column / July 1998
March 30, 1998
Hotel Online Special Report --- Patriot American Hospitality, Inc. Responds to Wall Street Journal's 'Heard On The Street' Column Company Cites Strong Operating Fundamentals, Consistently Impressive Operating Results and Aggressive Internal Growth Strategies as Drivers for Continued Growth --- DALLAS, July 9, 1998 - Patriot American Hospitality, Inc., (NYSE: PAH) whose shares are paired and trade with those of Wyndham International, Inc., today responded to the "Heard on the Street" column in today's The Wall Street Journal. According to James D. Carreker, chairman and chief executive officer...
German Market Has Huge Potential for Pacific Asia According to PATA Outbound Market Study / July 1998
March 30, 1998
Hotel Online Special Report --- German Market Has Huge Potential for Pacific Asia According to PATA Outbound Market Study --- SAN FRANCISCO, July 6, 1998 -- The German outbound travel market will continue to hold a huge potential for the Pacific Asia region, according to a major German Market Report issued today by Pacific Asia Travel Association (PATA) during its Asia Business Forum in Kathmandu, Nepal. With a population of 81 million, Germany is currently the world's largest tourist-generating and spending market, and according to the PATA study, the outbound market should continue to grow. Germany's...
