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Hotel Accounting Trend Points Toward Outsourcing Services / July 1998
March 30, 1998
Hotel Online Special Report --- Hotel Accounting Trend Points Toward Outsourcing Services Dublin, OH - July 7, 1998 - Hospitality Accounting Services, Inc. President Richard Carlson has announced a working agreement with Charles Krabbenhoft, President of CHAS, Inc. of Orlando, Florida (Centralized Hospitality Accounting Systems). The agreement will expand the services offered by Hospitality Accounting Services, Inc. to include prepared monthly general ledgers, financial statements, and daily reports. This enables a hotel company to outsource their bookkeeping process which saves potenti...
March 30, 1998
Hotel Online Special Report --- Accor Launches Initiatives to Build Market Share in the Face of Australias Slump in Inbound Business Teams with airlines, wholesalers and retail agents to boost leisure business --- Sydney, Australia - 7 July 1998 - Accor Asia Pacific is taking the initiative in the domestic leisure sector by launching an aggressive partnership-based marketing campaign for its city and resort hotels around Australia. Shortly, a similar outbound programme will be launched. The domestic campaign is aimed at building market share in the face of Australias slump in inbound business,...
Starwood Reports 9.2% Increase in Same Hotel REVPAR for owned Properties Worldwide For 2nd Qtr 1998 / July 1998
March 30, 1998
Hotel Online Special Report --- Starwood Reports 9.2% Increase in Same Hotel REVPAR for Owned Properties Worldwide For 2nd Qtr 1998 Gaming Results Integration Of Operations Proceeding As Planned Renovations And Repositionings WHITE PLAINS, N.Y., July 29, 1998 - Starwood Hotels Resorts (the "Trust") and Starwood Hotels Resorts Worldwide, Inc. (the Corporation) (together "Starwood" or the "Company") (NYSE: HOT), the world's largest hotel and gaming company which operates the Sheraton, Westin, St. Regis, Luxury Collection, Ciga and Caesars brands, today announced record combined financi...
Choice Hotels Reports Second Quarter 1998 Income Up 25.7% to $12.9 Million / CFO Donald H. Dempsey Resigns / July 1998
March 30, 1998
Hotel Online Special Report --- Choice Hotels Reports Second Quarter 1998 Income Up 25.7% to $12.9 Million CFO Donald H. Dempsey Resigns - Terminated 90 properties that did not meet Choice's strict quality standards - Supplemental Operating Information by Brand --- SILVER SPRING, Md - July 17, 1998 - Choice Hotels International, Inc. (NYSE: CHH) reported solid second quarter results for the period ended June 30, 1998, with revenues of $44.4 million and net income of $12.9 million, or $0.22 per diluted share. This represents a 29.4% increase over 1997 diluted earnings pe...
Marriott International, Inc. / 2nd Quarter 1998 Results
March 30, 1998
Hotel Online Special Reports Marriott International Posts 20% Increase in 1998 Second Quarter Net Income WASHINGTON, - July 8, 1998 - Marriott International, Inc. (NYSE: MAR) today reported net income of $101 million for its 1998 second quarter ended June 19, an increase of 20 percent over $84 million in the corresponding 1997 quarter. Diluted earnings per share for the 1998 quarter rose to 37 cents from 31 cents a year ago, while sales increased 16 percent to $2.5 billion. J.W. Marriott, Jr., chairman and chief executive officer of Marriott International, said that the company's strong 1998 second quart...
Hotel Online News – Email Archive – Day by Day / July thru Sept 2005
March 30, 1998
Inside Hotel Online today Day by Day Index July - September 2005 . Links to Previous Months Inside Hotel Online today Daily Emails July 2005 June 2005 May 2005 April 2005 March 2005 February 2005 December 2004 November 2004 October 2004 September 2004 August 2004 July 2004 June 2004 May 2004 April 2004 March 2004 February 2004 January 2004 December 2003 November 2003 October 2003 Monthly Top Read Articles July 2005 June 2005 May 2005 April 2005 March 2005 February 2005 January 2005 December 2004 November 2004 October 2004 September 2004 August ...
John Q. Hammons Developing $30 million, 250-room, Marriott Hotel in Rogers, Arkansas / July 2003
March 30, 1998
Hotel Online Special Report .. John Q. Hammons Developing $30 million, 250-room, Marriott Hotel in Rogers, Arkansas SPRINGFIELD, Mo., and ROGERS, Ark. July 17, 2003 Mr. John Q. Hammons today announced he will build a $30 million, 250-room, full-service Marriott hotel and a 100,000-square-foot convention center in Northwest Arkansas booming Pinnacle Hills business development. The rapidly growing Pinnacle Hills business development is situated in the western portion of Rogers and offers a mix of business, retail and residential development. The nine-story Marriott of Northwest Ar...
John Wilderman Named Managing Director, The Resort at Seabrook Island / July 2003
March 30, 1998
Hotel Online Special Report .. John Wilderman Named Managing Director, The Resort at Seabrook Island July 9, 2003, Seabrook Island, S.C. - The Resort at Seabrook Island has named John Wilderman as its new Managing Director. The announcement was made by Marlin Stover, President of the Board of Directors at The Club at Seabrook Island, which owns The Resort. "We are very excited to have John on the team at The Resort at Seabrook Island," said Stover. "He brings strong leadership skills, extensive knowledge and great expertise managing resort and conference properties. John is the perfect f...
Palm Springs Area Golf Now Being Promoted Through teetime-online / Aug 1998
March 30, 1998
Hotel Online Special Report --- Palm Springs Area Golf Now Being Promoted Through teetime-online PALM SPRINGS, CA AUGUST 13, 1998 --- Designed to avoid sand traps when making tee time reservation on area golf courses, locally based companies, Desert Publications Inc. and SofTime Inc, have joined forces to promote Palm Springs area golf through teetime-online. The announcement of the joint Internet venture was made at a recent meeting with area golf club managers. Golf courses were encouraged to reserve their web site with teetime-online by September of 1998 in preparation for this...
The Orlando World Center Marriott Hotel May Have More Internet Access Than Any Other US Hotel / Aug 1998
March 30, 1998
Hotel Online Special Report --- The Orlando World Center Marriott Hotel May Have More Internet Access Than Any Other US Hotel ORLANDO, FL, -- August 10, 1998 -- e.port Public Information Network, the premier provider of public Internet access terminals, has reached an agreement to install six of its terminals in the Orlando World Center Marriott Hotel. This installation, with a contract value projected at $1.2 million, continues the aggressive growth of the e.port Public Information Network in the Central Florida market. According to John Bonaccorso, e.port's President, "This installation in...
Charles McAfee and Cendant target Wichita, KS Area for Development of of Five Howard Johnson Properties / Aug 1998
March 30, 1998
Hotel Online Special Report --- Charles McAfee and Cendant target Wichita, KS Area for Development of of Five Howard Johnson Properties PARSIPPANY, N.J. WICHITA, Kan - August 26, 1998 - "We are delighted to have Charles McAfee and the partners of JM Limited as the newest members of the Cendant franchise family. With the signing of this agreement, Cendant has brought yet another respected business partner to our lodging business," said John Russell, chairman and CEO of the Cendant Hotel Division. "In addition, through this agreement we have doubled our franchise sales projections for the first y...
Historic Francis Marion Hotel, Charleston SC, Reflagged Westin / Aug 1998
March 30, 1998
Hotel Online Special Report --- Historic Francis Marion Hotel, Charleston SC, Reflagged Westin CHARLESTON, SC - June 17, 1998 - The historic Francis Marion Hotel will join Westin Hotels & Resorts on June 18, and will be renamed The Westin Francis Marion. Westin will provide sales, marketing and reservations support through a 10-year license agreement with FMH, L.P., a local limited partnership led by P. Steven Dopp and Gregory R. Lenox that restored the hotel in 1995/96 at a cost of $12 million. The Westin Francis Marion will continue to be managed by Washington DC-based CapStar Hotel Co...
Royal Sonesta Hotel Boston Now Using Speech Recognition Technology in it's Telephone / Property Management System / Aug 1998
March 30, 1998
Hotel Online Special Report --- Royal Sonesta Hotel Boston Now Using "Speech Recognition Technology" in it's Telephone / Property Management System DALLAS, Aug. 10, 1998 - Voice Control Systems, Inc. (Nasdaq: VCSI), the leading international supplier of speech recognition-based auto attendants, and The Royal Sonesta Hotel Boston, a leader of deluxe hotel guest services, today announced that they have successfully integrated Pure ReQuest!(TM) with the hotel's property management system (PMS). This system integration represents phase two of the first-ever, speech-driven automated attendant for...
Trump Hotels Casino Resorts Reports EBITDA Was Down $19.6 Million (15%) vs. Same Pror Year 6 Mo. Period / Aug 1998
March 30, 1998
Hotel Online Special Report --- Trump Hotels Casino Resorts Reports EBITDA Was Down $19.6 Million (15%) vs. Same Prior Year 6 Mo. Period NEW YORK - Aug. 13, 1998--Trump Hotels Casino Resorts, Inc. (NYSE:DJT) announced today that for the second quarter ended June 30, 1998, consolidated net revenues were $344 million, compared to $368 million reported for the same period in 1997. THCR's EBITDA (earnings before interest, taxes, depreciation, amortization and CRDA) for the quarter was $60 million versus $68 million reported in the prior year's second quarter. The net loss was $11.0 million, or $0...
Study Released Today Shows Near 90 Percent Satisfaction Rating for Timeshares in Gaming Cities / Aug 1998
March 30, 1998
Hotel Online Special Report --- Study Released Today Shows Near 90 Percent Satisfaction Rating for Timeshares in Gaming Cities Timesharing a Sure Bet for Consumers Owning in Gaming Cities INDIANAPOLIS - Aug. 27, 1998 - -Timeshare owners in three popular gaming communities are satisfied with their purchase according to a national survey of timeshare owners in resort gaming communities released today. Nearly 90 percent of owners who responded to the survey Resort Timesharing Gaming: A Survey of Resort Timeshare Owners in Atlantic City, Las Vegas and Reno expressed satisfaction with their tim...
TIV Announces Telecommunications Consulting Contract with Forte Limited / Agreement Extends TIV Service to 240 Hotel Properties / Aug 1998
March 30, 1998
Hotel Online Special Report --- TIV Announces Telecommunications Consulting Contract with Forte Limited Agreement Extends TIV Service to 240 Hotel Properties DALLAS, TX, August 25, 1998 - TIV, a Dallas-based telecommunications consulting firm, today announced that it was awarded a contract by Forte Limited of the United Kingdom, a world leader in the hospitality industry. The agreement calls for TIV to extend services to 240 Forte hotels on four continents over the next 18 months. Financial arrangements of the contract were not disclosed, but this represents a significant revenue opportunity f...
Super 8 Motels Sets Record For Number of Motels Opened in One Quarter / Aug 1998
March 30, 1998
Hotel Online Special Report --- Super 8 Motels Sets Record For Number of Motels Opened in One Quarter 73 Percent Are New Construction Parsippany, N.J., August 3, 1998 Continuing its path of record growth since its acquisition by Cendant Corporation in 1993, Super 8 Motels, Inc. posted a new record for the chain and its seven sister hotel brands, opening 51 motels in the second quarter of 1998. Super 8 opened a total of 88 motels since January. Of the motels opened this quarter, 73 percent are new construction. Fifty-five percent are new construction for the year to date. Super 8 h...
Sugarbush Resort, VT Receives Permits for Grand Summit Resort Hotel and Conference Center / Aug 1998
March 30, 1998
Hotel Online Special Report --- Sugarbush Resort, VT Receives Permits for Grand Summit Resort Hotel and Conference Center WARREN, VT August 14, 1998 Sugarbush Resort has won final permit approval to build its Grand Summit Resort Hotel and Conference Center. Approval comes following a nearly three-year permit process. The upscale hotel will be constructed at the base of the resorts Lincoln Peak, nestled into the natural flow between the resorts Gatehouse base lodge and Sugarbush Village. The Grand Summit Resort Hotel and Conference Center will include a health club and spa, indoor-out...
First Half 1998 US Lodging Industry Results Released by Smith Travel Research / Aug 1998
March 30, 1998
Hotel Online Special Reports -- First Half 1998 US Lodging Industry Results Released by Smith Travel Research Lodging Outlook Survey for the 6 Months June 1998 Compared with June 1997 By Region Top 25 Markets Ranked by Occupancy Hendersonville, TN - August 4, 1998 - Smith Travel Research (STR) announced 1998-second quarter and first half results for the U.S. lodging industry today. Second quarter 1998 industry occupancy was 67.5 percent, a decline of 0.7 percent versus the same period in 1997. Average room rate gained 4.7 percent to $78.30 in the quarter and room revenue per available room...
The 747 Room Radisson Hotel Atlanta Gets New General Manager and New Name – Spirit of Atlanta Hotel / Aug 1998
March 30, 1998
Hotel Online Special Report --- The 747 Room Radisson Hotel Atlanta Gets New General Manager and New Name - Spirit of Atlanta Hotel ATLANTA - Aug. 13, 1998 - -The Radisson Hotel Atlanta, a landmark of downtown Atlanta for over 30 years, is getting a new lease on life. Today, the hotel relinquishes the Radisson name and becomes the Spirit of Atlanta Hotel, according to Amerimar Enterprises, Inc. which purchased the property in May. The hotel also is launching a $24 million renovation that will restore the property to its position as a premier meetings hotel in downtown Atlanta. The re...
Holiday Inn Select-San Francisco Union Square Converts to Crowne Plaza(R) / Aug 1998
March 30, 1998
Hotel Online Special Report --- Holiday Inn Select - San Francisco Union Square Converts to Crowne Plaza(R) SAN FRANCISCO, Aug. 20, 1998 - The Holiday Inn Select-San Francisco Union Square, 480 Sutter Street, has a new look and a new name after a $12-million renovation project converted the hotel to a Crowne Plaza(R). Crowne Plaza is the upscale brand of Bass Hotels and Resorts (formerly Holiday Hospitality). Crowne Plaza hotels feature substantially upgraded amenities, rigorous service standards and full-service meeting facilities. They are designed to meet the needs of discriminating...
Hilton Hotels Corp. The 23 Unit Sailfish Marina & Resort Reveals Renovations/ Aug 1998
March 30, 1998
Hotel Online Special Report --- The 23 Unit Sailfish Marina & Resort Reveals Renovations PALM BEACH SHORES, Fla. (August 3, 1998) --- The Sailfish Marina & Resort is pleased to report on current renovation projects that will help to maintain its impeccable reputation for high quality and service. Renovation projects presently in progress and nearing completion include: New Center Charter Dock with Floating-T - This brand new state-of-the-art charter dock will be the new home for the Sailfish Marina & Resorts world renowned Sportfishing Charter Fleet, now over two dozen boats st...
Over 20% of Hotels in S. Korea Either Closed or Insolvent / Aug 1998
March 30, 1998
Hotel Online Special Report --- Over 20% of Hotels in S. Korea Either Closed or Insolvent SEOUL - August 6, 1998 - Over 20 per cent of all hotels around the country have either closed or become insolvent, especially since the IMF bailout program was imposed last year. The Korea Tourist Hotel Association said over 100 hotels or 22.4 per cent of the total 446 hotels had either suspended normal operations or were having trouble making ends meet. In particular, 26 hotels had started to experience difficult times since the IMF rescue program was instituted. By region, Taejon was hit hardest wit...
American Skiing Company Appoints Thomas M. Richardson to Managing Director Sugurbush, Vt. / Aug 1998
March 30, 1998
Hotel Online Special Report --- American Skiing Company Appoints Thomas M. Richardson to Managing Director Sugurbush, Vt. NEWRY, Maine, Aug. 24, 1998 - American Skiing Company (NYSE: SKI) today announced the resignation of Thomas M. Richardson, the company's Chief Financial Officer, effective immediately. Mr. Richardson has accepted the position of Managing Director at American Skiing Company's Sugarbush, Vermont affiliate. In his new role, Mr. Richardson will oversee all aspects of resort operations. On an interim basis, Christopher E. Howard, Chief Administrative Officer will assume the Ch...
