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November 4th, 2024
Hotel in Wrightsville Beach, N.C., Survives Double Whammy / May 1998
February 28, 1998
Hotel Online Press Releases Hotel in Wrightsville Beach, N.C., Survives Double Whammy By Leah Beth Ward, The Charlotte Observer, N.C. Knight Ridder/Tribune Business News WRIGHTSVILLE BEACH, N.C.--May 24--In the hotel business, says Mary Webber Martin, "one of the worst things that can happen is you close." So when Hurricane Bertha hit the Blockade Runner in July 1996 followed by Fran six weeks later, Martin knew that more than just the sky had fallen on her family-owned hotel. Fortunately, after nine evacuations since 1984, she was prepared. Martin, who is general manager, and her staff of abo...
Winston Hotels Announces Proposed Acquisitions and Developments of $109 Million / April 1998
February 28, 1998
Hotel Online Press Releases Winston Hotels Announces Proposed Acquisitions and Developments of $109 Million and Introduces Second Lessee Relationship - RALEIGH, N.C, April 27, 1998 - Winston Hotels, Inc. (NYSE:WXH), a real estate investment trust and owner of premium limited-service, high-end extended-stay and full-service hotels, today announced details of one acquisition and pending acquisitions and developments that cumulatively would add nine new properties totaling almost $109 million in assets to the REIT's portfolio, $70 million of which is expected to come online in the next 30 days. The port...
WAT&G Architects Selected to Design Caribbean Resort / April 1998
February 28, 1998
Hotel Online Press Releases WAT&G Architects Selected to Design Caribbean Resort HONOLULU, April 14, 1998 - Wimberly Allison Tong & Goo Architects, Planners and Consultants (WAT&G) has been selected by Asian Village Antigua Ltd. (A Johan Company) to design a 1,400-acre multi-phased, master - planned resort on Antigua, an independent island state southeast of Puerto Rico in the Caribbean Sea. The project, to be known as Asian Village Resort, is on the north and northeast part of Antigua and includes a number of smaller islands. When complete it will include six resort hotels; a retail ...
U.S. Franchise Systems Completes Acquisition of Best Inns Suites Brand / April 1998
February 28, 1998
Hotel Online Press Releases U.S. Franchise Systems Completes Acquisition of Third Brand Gains Exclusive Worldwide Franchise Rights for Best Inns Suites Brand Enters Fee-Based Management Business USFS' Open Hotels Now 110, Plus 505 in Backlog ATLANTA, April 29, 1998 - U.S. Franchise Systems, Inc. (Nasdaq: USFSD) today announced that it has acquired the exclusive worldwide franchise rights to Best Inns Suites, a mid-level economy hotel brand, along with 17 of its properties, for $84 million. In connection with the transaction, USFS immediately sold the 17 owned hotels for $84 million to Alpine Ho...
Trump Marina Refinancing Gets Approval From Gaming Commission/ April 1998
February 28, 1998
Hotel Online Press Releases Trump Marina Refinancing Gets Approval From Gaming Commission Trump Commences New Television and Print Advertising Campaign for Atlantic City Properties NEW YORK, NY April 20, 1998 -- Trump Hotels Casino Resorts, Inc. (NYSE: DJT) today announced the New Jersey Gaming Commission approval of a petition by DJT to refinance its senior notes and bank loans related to Trump Marina Casino Hotel in Atlantic City, New Jersey and the closing of the loan. Under the terms of the refinancing, Trump Marina (formerly Trump's Castle) will convert $27 million in senior notes and $32.5 m...
Peter Thomas Named Trigild's Director of Hotel Investments / May 1998
February 28, 1998
Hotel Online Press Releases Peter Thomas Named Trigild's Director of Hotel Investments SAN DIEGO, Calif. -- Peter Thomas, an 18- year veteran of the sales, marketing and real estate industries, has been appointed director of investments for Trigild Corporation, a hotel management, real estate and investment firm. In this newly created position, Thomas will take charge of Trigild's rapidly growing acquisitions and investment division -- analyzing and determining the feasibility of potential hotel investments, and then structuring their financing. With a mission of further expanding Trigild's investm...
Trigild Purchases, Undertakes Renovation of Two San Diego County Motels / April 1998
February 28, 1998
Hotel Online Press Releases Trigild Purchases, Undertakes Renovation of Two San Diego County Motels SAN DIEGO, Calif. -- Continuing the rapid expansion of its acquisitions and investment division, Trigild Corporation has purchased two former Budget Hotels of America for a total price of $9.8 million, according to Trigild President William J. Hoffman. "Both motels represented an ideal investment opportunity," said Hoffman. "They have never been listed for sale in the open market, boast excellent locations in strong markets with barriers to entry and have generated healthy cash flows in their p...
Trigild Corporation Closes $3.2 Million Deal on Ramada – Copper King, Butte, MT / April 1998
February 28, 1998
Hotel Online Press Releases Trigild Corporation Closes $3.2 Million Deal on Ramada - Copper King, Butte, MT SAN DIEGO, CA - March 2, 1998 - Marking the first of a series of nationwide hotel acquisitions planned for the coming year, Trigild Corporation has purchased the Ramada Inn - Copper King in Butte, Montana for $3.2 million. According to William J. Hoffman, Trigild's president and founder, the firm will also manage the hotel, which has recently undergone a $500,000 renovation. During the next year, Trigild will add another $450,000 in improvements to the property including upgrades to t...
Trendwest Resorts to Establish a Presence in the Rocky Mountain Region with Wolf Creek, Utah Acquisition / May 1998
February 28, 1998
Hotel Online Press Releases Trendwest Resorts to Establish a Presence in the Rocky Mountain Region with Wolf Creek, Utah Acquisition BELLEVUE, Wash.--May 22, 1998 -Trendwest Resorts Inc. (Nasdaq:TWRI) today announced it is close to completing acquisition of an existing timeshare property at Wolf Creek Resort at Eden, Utah for an initial purchase price of approximately $1,300,000, including pads upon which Trendwest can build an initial 30 units, plus an option for an additional 97 units. Trendwest will also be acquiring the equivalent of nine to ten fully developed units at the resort. "Trendwest will...
United States Timeshare Sales Leap Nearly 25%; Baby-Boomers Dominate Market / April 1998
February 28, 1998
Hotel Online Press Releases United States Timeshare Sales Leap Nearly 25%; Baby-Boomers Dominate Market WASHINGTON, April 2, 1998 - The American Resort Development Association today released a market analysis of the U.S. timeshare industry that finds a stunning 25 percent increase in sales last year, with purchases rising from $2.18 billion in 1996 to $2.72 billion in 1997. This surge comes on the heels of five straight years of growth for the timeshare, or vacation ownership, industry in which the annual increase has averaged nearly 14 percent -- a pace that has made it the fastest growing segment o...
Time-Share Telemarketing Firm in Orlando to Employ 1,300 / May 1998
February 28, 1998
Hotel Online Press Releases Time-Share Telemarketing Firm in Orlando to Employ 1,300 By Jack Snyder, The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News May 25--Time-share magnet David Siegel will turn a vacant manufacturing plant in Ocoee into a worldwide sales and customer-service center employing 1,300. Siegel's company, Central Florida Investments Inc., said Friday that it purchased a 130,000-square-foot building formerly occupied by General Elevator Co. for $3.4 million. CFI plans to transfer about 600 workers from other locations in the Orlando area to the new site. The other 700 p...
Starwood Worldwide – Hotel Group Appoints, Ted Teng, Leader for Asia-Pacific Region / April 1998
February 28, 1998
Hotel Online Press Releases Starwood Worldwide - Hotel Group Appoints Ted Teng, Leader for Asia-Pacific Region GREENWICH, Conn., April 20, 1998 - Starwood Hotels Resorts Worldwide, Inc., a leading hotel and gaming operating and management company (the "Corporation" or "Starwood Worldwide") which operates the Sheraton, Westin, Ciga, Four Points, St. Regis (Luxury Collection) and Caesars World brands, has announced the appointment Ted Teng as President, Asia-Pacific for Starwood Hotels Resorts Worldwide - Hotel Group, effective immediately. He reports to Juergen Bartels, Chief Executive Officer of Starwo...
The Procaccianti Hotel Group Signs Multi-Year Contract with Telman / April 1998
February 28, 1998
Hotel Online Press Releases The Procaccianti Hotel Group Signs Multi-Year Contract with Telman Cranston, RI -- The Procaccianti Group, a Rhode Island based hotel management company with 10 properties, signed a five-year contract with Telman. Procaccianti contracted with Telman for the use of FOCUS, a custom designed Enterprise Decision Information System that uses unique proprietary software to integrate property management systems with corporate office accounting systems. FOCUS helps hotel companies control payroll costs and manage the day to day key result areas of a hotel's operations. Procaccian...
Sysco Food Services Chef Fires Things Up at Florida Distribution Center / May 1998
February 28, 1998
Hotel Online Press Releases Sysco Food Services Chef Fires Things Up at Florida Distribution Center By Gary Haber, The Bradenton Herald, Fla. Knight Ridder/Tribune Business News BRADENTON, Fla.--May 25--If you need a recipe for nine gallons of onion soup, Jeffrey Bowlin is your man. Bowlin, 39, corporate executive chef for Sysco Food Services West Coast division in Palmetto can provide the recipe for such large-scale delights as a drum of onion soup (start by peeling 30 pounds of onions) or 24 servings of shrimp and nectarine salad capri. Bowlin develops recipes for Sysco's institutional customers...
Sunstone Hotel Investors Announces $9.3 Million Acquisition of 160-Room Hilton Hotel in Oxnard, California / April 1998
February 28, 1998
Hotel Online Press Releases Sunstone Hotel Investors Announces $9.3 Million Acquisition of 160-Room Hilton Hotel in Oxnard, California Letters of Intent Signed to Acquire an Additional 648 Rooms for Approximately $71 Million Within Next 45 Days SAN CLEMENTE, Calif., April 13, 1998 - Sunstone Hotel Investors, Inc. (NYSE: SSI), a real estate investment trust (REIT), today announced that the Company has closed the acquisition of the Hilton Inn, located in Oxnard, California. Oxnard Acquisition Sunstone purchased the 160-room Hilton Inn from Westbrook Partners for approximately $9.3 million. Th...
New Sundial Lodge at The Canyons, Park City, Utah Overwhelms Expectations / April 1998
February 28, 1998
Hotel Online Press Releases New Sundial Lodge at The Canyons Overwhelms Expectations - and Scores Potential $50 Million Real Estate Hit For Utah Ski Resort SUMMIT COUNTY, Utah, April 14, 1998 - They started lining up at midnight Wednesday. By 8:00 am Thursday morning, there were more than 100 people waiting -- some of them stand-ins whom potential owners had paid up to $500 to hold a place in the queue. Rolling Stones tickets about to go on sale? No. This was the line to reserve -- not purchase, reserve -- the right to first picks at the new Sundial Lodge condominium vacation home complex at The C...
The Stoneleigh, Dallas, TX Discovers a Hidden Secret: The Grape Room / May 1998
February 28, 1998
Hotel OnlinePress Releases The Stoneleigh Discovers a Hidden Secret: The Grape Room DALLAS May 18, 1998 Hidden treasures are rare and valuable and that is certainly true of the recently discovered Grape Room at The Stoneleigh Hotel. Long concealed, the richly appointed room is another piece of the colorful history of the historic hotel, which is celebrating its 75th Diamond Jubilee anniversary this year. Ewalds the hotels four-star restaurant announced today the addition of the Grape Room for exclusive private dinners, wine tastings and other small gatherings. As a special touch, patron...
Station Casinos Announces Acquisition of the 283 room King 8 Gambling Hall Hotel in Las Vegas / May 1998
February 28, 1998
Hotel Online Press Releases Station Casinos Announces Acquisition of the 283 room King 8 Gambling Hall Hotel in Las Vegas LAS VEGAS, NV May 13, 1998 - Officials of Station Casinos, Inc. (NYSE: STN) today announced the Company has reached an agreement to lease approximately 19 acres of land on Tropicana Ave., at the intersection of Tropicana and Interstate 15 in Las Vegas. The property is located a half-mile west of the Las Vegas Strip, and currently is the site of the King 8 Hotel Gambling Hall (King 8), a small casino, hotel and truck stop. In its present configuration, the King 8 has 230 slot...
Station Casinos Announces $45 Million Master Plan Expansion at Sunset Station/ April 1998
February 28, 1998
Hotel Online Press Releases Station Casinos Announces $45 Million Master Plan Expansion at Sunset Station LAS VEGAS, April 1, 1998 - Officials of Station Casinos, Inc. (NYSE: STN) today announced the Company has begun a $45 million master plan expansion at Sunset Station Hotel Casino located in the Henderson/Green Valley section of the Las Vegas valley. The next phase of the master plan is designed to enhance Sunset Station's reputation for quality entertainment and will include the following elements: The addition of 11 "stadium-style" movie screens; Construction of a 2,000-space covered park...
Starwood Hotels & Resorts Worldwide, Inc. Announces the Launch of 'W' Hotels / April 1998
February 28, 1998
Hotel Online Press Releases Starwood Hotels & Resorts Worldwide, Inc. Announces the Launch of 'W' Hotels Business Hotel Group to Open in U.S. Beginning in Fall 1998, Combining Reliability, Top Amenities and Distinct Sense of Style PHOENIX, April 2, 1998 - - Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT - news), will launch W Hotels, a new brand of business hotels to debut nationwide beginning in Fall 1998. The announcement was made today by Barry Sternlicht, Chairman of the Board of Directors of Starwood Hotels & Resorts Worldwide, Inc., and Chairman and CEO of Starwood Ho...
Starwood Hotels Resorts Acquires Danbury Hilton Hotel / May 1998
February 28, 1998
Hotel Online Press Releases Starwood Hotels Resorts Acquires Danbury Hilton Hotel WHITE PLAINS, N.Y., May 13, 1998 - Starwood Hotels Resorts, the nation's largest hotel real estate investment trust and Starwood Hotels Resorts Worldwide, Inc., a hotel and gaming operating company (NYSE: HOT) today announced the acquisition of the 242-room Danbury Hilton Hotel in Danbury, Connecticut from Danbury Hotel Associates, I.P., a Connecticut partnership, for a purchase price of $20 million, or approximately $80,000 per key. Starwood Hotels Resorts Worldwide, Inc. will continue to manage the property. "Thro...
Sol Melia Announces Half-Billion-Dollar Five-Year Expansion Plan for Mexico / April 1998
February 28, 1998
Hotel Online Press Releases Sol Melia Announces Half-Billion-Dollar Five-Year Expansion Plan for Mexico ACAPULCO, Mexico - April 27, 1998 - An aggressive Mexico expansion plan encompassing three new resort properties, one new business hotel and a new brand unveiling in Puerto Vallarta, all part of a half-billion-dollar investment in the next five years, was announced today by Sol Melia Hotels. The announcement was made during the 23rd Annual Tianguis Turistico, Mexico's largest trade show andmarketplace for wholesalers, tour operators and travel agents from 40 countries. "This month signals the st...
Update on California Smoking Ban in Bars / April 1998
February 28, 1998
Hotel Online Press Releases Update on California Smoking Ban in Bars SAN FRANCISCO, April 13, 1998 - On behalf of its more than 300,000 members and adult smokers in California, the National Smokers Alliance continues to oppose the California smoking ban and is working with California businesses and individuals to urge repeal of the ban. This "Prohibition Update" is part of a series, designed to inform interested parties about the impact of and reaction to the law on a statewide basis. These news briefs are documented from published and private sources and more detail can be provided upon request. ...
