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Can a $4,400 Per Night Hotel Room be Worth it? / Aug 1998
March 30, 1998
Hotel Online Special Report --- Can a $4,400 Per Night Hotel Room be Worth it? Conde Nast Traveler Says `Yes' and Puts the Bungalows at Mauna Lani Bay Hotel and Bungalows on the Cover KONA KOHALA COAST, Hawaii, Aug. 28, 1998 - The cover of the September issue of Conde Nast Traveler shows a girl in a swimming pool gazing at the ocean beyond. Inside the magazine, the pool and its surroundings are featured on six pages as the question, "Could any bungalow on earth be worth $4,400 a night," is answered. The reply is a resounding "Yes," as the writer goes on to describe a truly pampered two-d...
Oahu's Ihilani Resort Spa Will Benefit from Phase Two Marina Development / Aug 1998
March 30, 1998
Hotel Online Special Report --- Oahu's Ihilani Resort Spa Will Benefit from Phase Two Marina Development Revised Master Plan Creates Hawaii's First Low Density, Resort Residential Community Around Marina and Town Center KAPOLEI, Hawaii - Aug. 19, 1998--Ko Olina Partners, LLC, the manager of a group of affiliated LLCs, announced today they purchased the remaining 344 acres of Ko Olina Resort properties owned by West Beach Estates, the developer of Ko Olina Resort. They also have acquired the option to purchase an additional 372 acres known as Phase II. Renamed Ko Olina Resort Marina, futu...
Isle of Jura: A Single Malt Scotch as Unique as Its Island Home / Aug 1998
March 30, 1998
Hotel Online Special Report --- Isle of Jura: A Single Malt Scotch as Unique as Its Island Home BARDSTOWN, Ky., Aug. 24, 1998 - A fine and flavorful secret is hidden within the craggy mountainous folds of Jura, a remote island off Scotland's western coast. This wild, mist-shrouded island in the Hebrides is the home of 6,000 red deer, numerous peat bogs, a scattering of weathered cottages, and 200 stout-hearted people. It is also the home of one of the world's most unique and smoothest Single Malt Scotches, the appropriately named Isle of Jura For generations, the hardy folk of Jura have embra...
John Q. Hammons Hotels, Inc. Reports 2nd Qtr Occupancy was 64.9%, Down 2.8% from the 1997 2nd Qtr / ADR Up 12.9% / Aug 1998
March 30, 1998
Hotel Online Special Report --- John Q. Hammons Hotels, Inc. Reports 2nd Qtr Occupancy was 64.9%, down 2.8% from the 1997 2nd Qtr - ADR Up 12.9% Hotel Operting Data SPRINGFIELD, Mo., Aug. 11, 1998 - John Q. Hammons Hotels, Inc. (NYSE: JQH) today reported total earnings before interest expense, taxes, depreciation and amortization (EBITDA) of $24.1 million for the second quarter ended July 3, 1998, compared to 1997 second quarter EBITDA of $24.2 million. Total revenue for the quarter increased to $81.8 million, up 7.3% from $76.2 million in the 1997 second quarter. On May 11, 1998 the...
Hotel Transactions: Greensboro Radisson , Revere Comfort Inn, Sharonville Marriott / Aug 1998
March 30, 1998
Hotel Online Special Report --- Hotel Transactions: Greensboro Radisson, Revere Comfort Inn, Sharonville Marriott Atlanta, GA, Chicago, IL, Boston, MA - July 1998 -- Insignia/ESG Hotel Partners, Inc. has confirmed the sale of the 196-room Radisson Inn in Greensboro, North Carolina. The Radisson was sold by Lehman Brothers to Philadelphia-based G.F. Management for $8.05 million. Robert Taylor of Insignia/ESG Hotel Partners represented the seller in this transaction. The mid-rise Radisson is located in a strong market off Interstate 40, five miles from Piedmont Triad ...
Bed & Breakfast Channel Web Site Adds WorldRes Online Reservations Capability / Aug 1998
March 30, 1998
Hotel Online Special Report --- Bed & Breakfast Channel Web Site Adds WorldRes Online Reservations Capability SAN MATEO, CA, August 18 -- WorldRes, Inc.(TM), the Internet-based hotel reservation network, has entered into an agreement with Inns&Outs to allow WorldRes properties to receive confirmed online reservations from consumers through The Bed & Breakfast Channel(TM) web site (http://bbchannel.com). Travelers will receive confirmed online reservations instantly at the over 400 participating WorldRes properties. Formerly, travelers making online reservations at those properties needed ...
AOL's Independent Traveler Chooses WorldRes for Online Lodging Reservations / Aug 1998
March 30, 1998
Hotel Online Special Report --- AOL's Independent Traveler Chooses WorldRes for Online Lodging Reservations SAN MATEO, CA, August 20-WorldRes, Inc., the Internet-based hotel reservation network, has entered into an agreement with The Independent Traveler on America Online to provide confirmed online reservations at all WorldRes properties through a link to WorldRes' consumer site, Places To Stay (http://www.placestostay.com). The link to Places To Stay will be featured in the Lodging directory of the Traveler's Resource Center as well as in the Bargain Box. The agreement provides the I...
Impac Hotels Goes Live With Internet-Based Oracle Applications / Aug 1998
March 30, 1998
Hotel Online Special Report --- Impac Hotels Goes Live With Internet-Based Oracle Applications 50-Site, 23 State Internet Computing Implementation Completed in Only 3 Months; 90 Hotels to Be Added Worldwide About Impac Hotel Group REDWOOD SHORES, Calif., Aug. 31, 1998 - Oracle Corp. (Nasdaq: ORCL) announced today that Impac Hotel Group, an Atlanta-based private hotel company, has successfully implemented Oracle(R) Applications, Oracle's suite of enterprise business applications based on the Internet computing model. With Oracle Consulting Services(SM) and Impac's seven-person IS staf...
Developer Ipoh Ltd Appoints Accor Asia Pacific to Manage the 166 Room Hotel Ibis World Square / Aug 1998
March 30, 1998
Hotel Online Special Report --- Developer Ipoh Ltd Appoints Accor Asia Pacific to Manage the 166 Room Hotel Ibis World Square in Sydney, Australia Sydney, Australia - 24 August 1998 Developer Ipoh Ltd has appointed Accor Asia Pacific to manage the 166 room Hotel Ibis World Square which is due to open in the first quarter of 1999. Construction by Fletcher Construction is currently underway. The complex which is located on the corner of Goulburn and Pitt Street in central Sydney, includes a new 17 storey hotel tower and redevelopment of the existing Civic Hotel into a cosmopolitan ba...
March 30, 1998
Hotel Online Special Report Group Of Best Western Members Sue For More Access To Co.s Records Quick link to subscribe BY - TONI GIOVANETTI PHOENIX - August 1998 - A group of Best Western International (BWI) member owners filed a lawsuit in Arizonas Superior Court against the association to force its democratically-elected board of directors to disclose financial, personnel and other records to expose what they allege are improper business practices and to seek to address them. Calling itself Vision 20/20, the 100-plus member group had paid for an audit investiga...
Hilton Grand Vacations Co. Building 232 – Suite Vacation – Ownership Resort Adjacent to Las Vegas / Aug 1998
March 30, 1998
Hotel Online Special Report --- Hilton Grand Vacations Co. Building 232 - Suite Vacation - Ownership Resort Adjacent to Las Vegas Hilton LAS VEGAS - Aug. 20, 1998--Hilton Grand Vacations Co. Thursday announced the ground - breaking of the 232-suite Hilton Grand Vacations Club(R) at the Las Vegas Hilton. Located adjacent to the Las Vegas Hilton, the resort is slated for completion in August 1999 and will bring the company's total portfolio of vacation-ownership properties to 20. According to Don Harrill, chief executive officer of Hilton Grand Vacations Co., "The growing popularity of Las V...
Hilton Hotels Corp. Announces Promotion of Sales and Marketing Executives / Aug 1998
March 30, 1998
Hotel Online Special Report --- Hilton Hotels Corp. Announces Promotion of Sales and Marketing Executives Nearly 75 Years of Combined Hilton Experience/Service Will Lead the Hotel Division's New Sales and Marketing Team BEVERLY HILLS, Calif - Aug. 10, 1998--Hilton Hotels Corp. Monday announced the promotion of four key Hilton executives in the company's hotel division, as part of a reorganization to further strengthen one of the premier sales and marketing teams in the hospitality industry. Ed Dolliver, Larry Luteran and Joe Messina have been appointed to the newly-created positions o...
Hilton Hotels Corp. and Gosnell Builders Announce the Acquisition of the Pointe Hilton Tapatio / Aug 1998
March 30, 1998
Hotel Online Special Report --- Hilton Hotels Corp. and Gosnell Builders Announce the Acquisition of the Pointe Hilton Tapatio Cliffs Resort BEVERLY HILLS, Calif - Aug. 18, 1998--Hilton Hotels Corp. and Gosnell Builders Tuesday announced that the two companies have formed a partnership and have jointly acquired a 100 percent interest in the 585-room Pointe Hilton Tapatio Cliffs Resort in Phoenix. The terms of the partnership call for Hilton to invest approximately $26.3 million for a 75 percent controlling interest in the resort while Gosnell will invest approximately $8.8 million and receiv...
Roland Henin Named Yosemite Corporate Chef / Aug 1998
March 30, 1998
Hotel Online Special Report --- Roland Henin Named Yosemite Corporate Chef BUFFALO, NY - Aug. 19, 1998--Roland G. Henin, an award-winning, internationally recognized culinary expert, has been named Corporate Executive Chef for Delaware North Parks Services (DNPS), one of the nation's leading hospitality management companies. Henin, one of only 57 chefs in the United States to have earned the highly respected designation of Master Chef from the American Culinary Federation, will provide consultation and direction on foodservice operations for all DNPS-operated facilities. He will be based at...
300 Room Hawthorn Suites Under Construction at Chicago's O'Hare International Airport / Will Feature a New Harry Caray's Restaurant / A
March 30, 1998
Hotel Online Special Report --- 300 Room Hawthorn Suites Under Construction at Chicago's O'Hare International Airport Will Feature a New Harry Caray's Restaurant ATLANTA, Aug. 10, 1998 - U.S. Franchise Systems, Inc. (Nasdaq: USFS), which owns the franchise system rights for Hawthorn Suites, the chain of upper-end extended-stay hotels, and Equity Inns, Inc. (NYSE: ENN) have announced that an 11-story 300-room Hawthorn Suites hotel near Chicago's O'Hare International Airport has broken ground. The property, expected to be completed in the third quarter of 1999, will feature a new Harry Ca...
Market Understanding Key When Investing in Hawaiian Hotels / Ron Watanabe / Aug 1998
March 30, 1998
Hotel Online Special Report ---- Market Understanding Key When Investing in Hawaiian Hotels By Ron Wantanabe Much has been written lately of the wholesale divestiture of hotels in Hawaii by Japanese owners as a result of the bursting of Japan's "bubble economy" and the recent recession in Asia. The fact is that most of the hotels that were acquired or built during the so- called bubble economy were too costly to be economically viable. Acquisition and/or development costs during the peak period ranged from $300,000 to $800,000 per key, while average daily rates in Hawaii's upsc...
Holiday Inn Breaks Ground on Cutting Edge Prototype Hotel near Atlanta's Hartsfield International / Aug 1998
March 30, 1998
Hotel Online Special Report --- Holiday Inn Breaks Ground on Cutting Edge Prototype Hotel near Atlanta's Hartsfield International Airport First company owned and operated new construction project in more than a decade ATLANTA (Aug. 20, 1998) Theres a new Holiday Inn in town. Bass Hotels & Resorts owner of the Holiday Inn brand -- has broken ground on a 194-room prototype hotel near Atlantas Hartsfield International Airport that will combine the latest technological features with a more personalized approach to the services that make a guests stay special. Scheduled to open in t...
Harrah's to Merge With Rio – Costs Savings Expected / Aug 1998
March 30, 1998
Hotel Online Special Report --- Harrah's to Merge With Rio Costs Savings Expected Revenue Synergies Potentially High New Company at a Glance MEMPHIS, Tenn. and LAS VEGAS, Aug. 10, 1998 - Harrah's Entertainment, Inc. (NYSE:HET) and Rio Hotel and Casino, Inc. (NYSE:RHC) today announced the signing of a definitive merger agreement. Harrah's will acquire all Rio shares in a one-for-one stock transaction valued at $518 million based on Harrah's closing price of $20 1/8 on Friday, August 7, 1998. Harrah's will also assume Rio's debt. The Boards of Directors of both Harrah's and Rio hav...
Access Development Corporation Expands Half off Rack Programs / Aug 1998
March 30, 1998
Hotel Online Special Report --- Access Development Corporation Expands "Half off Rack" Programs Salt Lake City, UT - Aug 18, 1998 - Many hotel, motels and resort participate in one or more half off rack programs. Can any of them do more than just fill otherwise empty rooms? The answer is yes. Access Development Corporation has been marketing one of these programs for more than 13 years. The Great American Traveler (GAT) consistently ranks in Consumer Reports Top 5 half off programs. The parent company, Access Development Corp. (ADC), can do much more than just fill the afore mention...
Starwood Hotels Resorts Announces New Corporate Structure – Action Will Effectively Create a C-Corp / Aug 1998
March 30, 1998
Hotel Online Special Report --- Starwood Hotels Resorts Announces New Corporate Structure - Action Will Effectively Create a C-Corporation WHITE PLAINS, N.Y., Aug. 26, 1998 - Starwood Hotels and Resorts Worldwide, Inc. and Starwood Hotels and Resorts, whose shares are paired and trade together as a unit (NYSE: HOT), announced today that their respective Board of Directors and Board of Trustees have unanimously approved the combination of the two companies into a single integrated business enterprise. Starwood said this action, which would likely have been taken at some point in the future, wa...
Chicago's 367 Room – House Of Blues Hotel, Sets Opening Date on October 1, 1998 / Aug 1998
March 30, 1998
Hotel Online Special Report --- Chicago's 367 Room - House Of Blues Hotel, Sets Opening Date on October 1, 1998 CHICAGO, Aug. 26, 1998 - Beginning October 1, 1998, business and leisure travelers visiting Chicago will have no better way to beat the blues than to check in at the world's first House of Blues Hotel, a Loews Hotel. Located in Chicago's landmark Marina City riverfront complex on North Dearborn, the hotel anchors a revitalized destination that also includes the House of Blues Music Hall and Restaurant and several new attractions. The hotel features 367 rooms and suites, ...
Hong Kong Tourism Receipts Fall 35.6% for First 6 Months of '98 / Aug 1998
March 30, 1998
Hotel Online Special Report --- Hong Kong Tourism Receipts Fall 35.6% for First 6 Months of '98 HONG KONG - Aug. 20, 1998--Figures released today by the Hong Kong Tourist Association (HKTA) show that the downturn in Hong Kong's tourism industry has had a marked effect on tourism receipts over the first half of this year. From January to June, total tourism receipts fell by 35.6% to a total of HK$25.6 billion (US$3.28 billion). (This figure includes spending by visitors, servicemen, aircrew members and transit/transfer passengers.) Spending by visitors alone fell by 36.5% to HK$24.6 billion...
Madrid, Spain Site for Hotel Electronic Distribution Network Association (HEDNA) / Aug 1998
March 30, 1998
Hotel Online Special Report --- Madrid, Spain Site for Hotel Electronic Distribution Network Association (HEDNA) Conference August 12th 1998 HEDNA Announces European conference September 28th - 30th in Madrid HEDNA the Hotel Electronic Distribution Network Association, whose membership is open to travel agents, hospitality professionals and travel technology suppliers will be holding its next conference in Madrid, from September 28th to 30th The Association's aim is to encourage booking of hotels electronically, and works closely with travel agents and the GDS like Galileo Amadeus SABR...
