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New Standard Simplifies Restaurant Espresso Preparation / May 1998
February 28, 1998
Hotel Online Press Releases New Standard Simplifies Restaurant Espresso Preparation NEW YORK - May 6, 1998 - Easy Serving Espresso (E.S.E.), an innovative technology that simplifies espresso and cappuccino preparation by reducing it to a few easy steps, has been adopted internationally as an industry standard by companies such as Starbucks Coffee Company, Krups and illycaffe. The technology was patented ten years ago by illycaffe, the quality leading Italian coffee producer, and consists of a standard pre-packaged single serving of ground coffee that works in E.S.E.-equipped machines. In 1996, illycaf...
Sheraton Orlando North Names Fred C. Corso II as New GM / May 1998
February 28, 1998
Hotel Online Press Releases Sheraton Orlando North Names Fred C. Corso II as New GM May 5, 1998 - Cypress Hotel Management Company president Larry K. Walker recently announced the appointment of his successor to direct the Sheraton Orlando North. Fred C. Corso II assumes leadership of the Maitland hotel, as Walker steps down to devote more time to the growing investments and operations of Cypress Companies. With his partner Tom McIntyre, president of Cypress Restaurants, Inc., Walker manages the affairs of the aggressive hotel and restaurant company whose sales have grown from 5 to 50 million dollar...
Choice Hotels International Chooses Worldres for Online Distribution / May 1998
February 28, 1998
Hotel Online Press Releases Choice Hotels International Chooses Worldres for Online Distribution SAN MATEO, CA, May 6 - WorldRes, Inc.(TM), The internet-based reservation network, has formed a partnership with Choice Hotels International (NYSE:CHH) that will directly link Choice 2001, Choice's central reservation system (CRS), to the WorldRes system. Taking full advantage of WorldRes' Internet-based technology, over 4,000 Choice properties will be distributed through WorldRes' rapidly expanding network of marketing partners beginning in the Fall of 1998. The WorldRes network includes ...
Cendant Hotel Brands To Enjoy 21st-Century Technology Now / May 1998
February 28, 1998
Hotel Online Press Releases Cendant Hotel Brands To Enjoy 21st-Century Technology Now Declaring "The Future is Today," Cendant Hotel Division's John Russell Unveils State-of-the-art Training and Communications Technology PARSIPPANY, NJ - April 29, 1998 -Declaring that "The future is today," John Russell, chairman and CEO of the Cendant Hotel Division unveiled state-of-the-art hotel technology for communications and training, which gives Cendant franchisees a new way to do business. Russell previewed the Hospitality Network, which gives franchisees new communications and information channels, and in...
Lodging Stocks Will Not Match Past Performance, 1998 Bear Stearns Lodging Almanac Says / May 1998
February 28, 1998
Hotel Online Press Releases Lodging Stocks Will Not Match Past Performance, 1998 Bear Stearns Lodging Almanac Says; But Some Sectors of Industry Remain Attractive, Analyst Jason Ader Reports -- Hotel Industry Consolidation Also read: Bear Stearns' Ader Sees Investment Opportunities in the Lodging Industry Growth in Supply of Hotel Rooms Exceeded Demand in 1997 According To Bear, Stearns Lodging Analyst NEW YORK - May 4, 1998--U.S. lodging equities will not provide future returns comparable to those enjoyed by investors during the mid 1990s, according to the just-released 1998 Bear St...
Host Marriott Acquires Remaining Interest in Remington Club II Senior Living Retirement Community in Rancho Bernardo, CA / April 1998
February 28, 1998
Hotel Online Press Releases Host Marriott Acquires Remaining Interest in Remington Club II Senior Living Retirement Community in Rancho Bernardo, CA BETHESDA, Md., Feb. 19, 1998 - Host Marriott Corporation (NYSE: HMT) today announced its successful acquisition of the remaining 41 percent interest in FRC I Limited Partnership for a total of $3.3 million. Host Marriott, through wholly owned subsidiaries, previously owned a 59 percent interest in FRC I Limited Partnership, which in turn owns Remington Club II, a 222-unit full-service retirement community in Rancho Bernardo, California. The 1998 EBITDA...
Marriott International to Sell Six Residence Inn Hotels To Innkeepers USA Trust / April 1998
February 28, 1998
Hotel Online Press Releases Marriott International to Sell Six Residence Inn Hotels To Innkeepers USA Trust WASHINGTON, April 27, 1998 - Marriott International, Inc. (NYSE: MAR) today announced that it will sell six Residence Inn by Marriott hotels to Innkeepers USA Trust (NYSE: KPA) for approximately $89 million in cash and operating partnership units. Innkeepers will acquire the newly constructed properties as they open between April and September 1998. Innkeepers USA Trust is a hotel real estate investment trust (REIT), and the nation's leading owner and acquirer of upscale, extended-stay hotel pro...
Marriott International Posts 29% Increase in 1998 First Quarter Net Income / April 1998
February 28, 1998
Hotel Online Press Releases Marriott International Posts 29% Increase in 1998 First Quarter Net Income WASHINGTON, April 16, 1998 - Marriott International, Inc. (NYSE: MAR) today reported net income of $89 million for its 1998 first quarter ended March 27, an increase of 29 percent over $69 million in the corresponding 1997 quarter. The company was spun off, on a tax-free basis, to shareholders of the former Marriott International, Inc. (subsequently renamed Sodexho Marriott Services, Inc.) on March 27, 1998. Shareholders of record on that date received one share of the company's common stock and one shar...
Host Marriott Corporation to Add World-Class Luxury Hotel Portfolio for $1.775 Billion / April 1998
February 28, 1998
Hotel Online Press Releases Host Marriott Corporation to Add World-Class Luxury Hotel Portfolio for $1.775 Billion The Blackstone Group to Contribute Interests in 13 U.S. Hotels In Exchange for a Significant Equity Stake in Host Marriott Reorganization as Real Estate Investment Trust, Spin-Off of Senior Living Business Planned Addition of Blackstone Hotel Portfolio Launches Multi-Branding Strategy Strategic Initiatives Expected to Add $0.26 Per Share to 1999 FFO BETHESDA, Md., April 17, 1998 - Host Marriott Corporation (NYSE: HMT) announced today that it has reached a d...
Marriott International Announces Its 1,500th Hotel; San Francisco's Parc 55 Hotel Re-flagged as a Renaissance / April 1998
February 28, 1998
Hotel Online Press Releases Marriott International Announces Its 1,500th Hotel; San Francisco's Parc 55 Hotel Re-flagged as a Renaissance WASHINGTON, April 30, 1998 - Marriott International, Inc. (NYSE: MAR) announced it has converted the Parc 55 Hotel in San Francisco to a Renaissance hotel and designated it as Marriott's 1,500th hotel worldwide. Renaissance Parc 55, San Francisco A luxury 32-story hotel in downtown San Francisco featuring 1,008 guestrooms and 21 meeting rooms, which total 21,000 sq. ft. of function space. Located just two blocks from Union Square and four blocks from t...
Minnesota Tourism Industry Hopes for Good Weather / May 1998
February 28, 1998
Hotel Online Press Releases Minnesota Tourism Industry Hopes for Good Weather By Jane Brissett, Duluth News-Tribune, Minn. Knight Ridder/Tribune Business News May 24--Tourism businesses in the Northland want to believe this is the start of a nice summer because good weather can mean good revenue. The National Weather Service predicts an average high of 75 degrees and about 12 inches of rain for June, July and August. Just what the doctor ordered after a warm, but in many cases money-losing, winter. Weather is a key factor -- but not the only one -- in a successful tourism season. This year's early,...
First-Quarter Hotel Industry MA Hits Record $32.2 Billion, The Lodging Research Network Says / April 1998
February 28, 1998
Hotel Online Press Releases First-Quarter Hotel Industry MA Hits Record $32.2 Billion, The Lodging Research Network Says REITs Play a Larger Role in Consolidation, www.lodgingresearch.com Reports NEW YORK, April 6, 1998 - First-quarter 1998 announced and completed hotel industry mergers and acquisitions totaled $32.2 billion, according to the Lodging Research Network ( www.lodgingresearch.com ), the Internet-based resource for lodging industry data and information from Coopers Lybrand L.L.P. That's a record -- and more than three times the $8.9 billion in hotel industry MA that occurred in all ...
El Nino Impacts U.S. Hotel Industry; Pacific Coast's Bane is Northeast's Boom / Lodging Research Network / May 1998
February 28, 1998
Hotel Online Press Releases El Nino Impacts U.S. Hotel Industry, Lodging Research Network Reports; Pacific Coast's Bane is Northeast's Boon -------- NEW YORK, May 18, 1998 - The weather disruption known as El Nino had a perverse impact on the performance of the U.S. hotel industry in the first quarter, driving down growth in demand for rooms in the nation's Pacific and Mountain regions and Florida, while fueling a significant rise in demand for rooms in New England, according to Smith Travel Research data on the Lodging Research Network ( www.lodgingresearch.com), the Internet-based resource for lodging...
Lodgenet Brings Hollywood to the Willard / Video Services Upgraded and Expanded at Landmark DC Property / May 1998
February 28, 1998
Hotel Online Press Releases Lodgenet Brings Hollywood to the Willard / Video Services Upgraded and Expanded at Landmark DC Property SIOUX FALLS, SD LodgeNet Entertainment Corporation today announced that it has finished installing a LodgeNet Interactive System at The Willard Inter-Continental Hotel, a historic, luxury, 341-room property in Washington, DC. The installation follows the signing of a new video services contract under which LodgeNet will deliver on-demand movies, in-room Nintendo video games and other property-specific interactive services to the Washington property. LodgeNet replace...
Lodgenet, Ritz-Carlton Extend Arrangement / April 1998
February 28, 1998
Hotel Online Press Releases Lodgenet, Ritz-Carlton Extend Arrangement Customized Co-Branding and In-Room Services to Result from Contract Renewals SIOUX FALLS, SD LodgeNet Entertainment Corporation today announced it has renewed the contracts for all 16 Ritz-Carlton hotel properties that it serves. Under the terms of the extensions, LodgeNet will continue as The Ritz-Carlton exclusive provider of on-demand movies and in-room video games for these hotels, and will provide a comprehensive array of guest room services that are designed to bring convenience to guests and enhance the operations of The Ritz...
LodgeNet Inks New Deal with Red Roof Inns / April 1998
February 28, 1998
Hotel Online Press Releases LodgeNet Inks New Deal with Red Roof Inns Massive Upgrade Effort Brings New Technology to Economy Chain SIOUX FALLS, SD, April 8, 1998 LodgeNet Entertainment Corporation today announced the recent signing of a new, five-year contract with Red Roof Inns, Inc. Under the agreement, the entire Red Roof chain more than 260 propertieshas been converted to PRIMESTAR digital technology for free - to - guest programming. LodgeNet timed the upgrades to ensure a seamless transition from properties' existing C-band (analog) systems to PRIMESTAR digital solutions. The contra...
Lanier Publishing to Offer Online Reservations through WorldRes / April 1998
February 28, 1998
Hotel Online Press Releases Lanier Publishing to Offer Online Reservations through WorldRes SAN MATEO, APRIL 7--WorldRes Inc., the Internet-based hotel reservation network has entered into an agrement with Lanier Publishing International to provide online booking capability to the more than 22,000 properties worldwide that are featured on Lanier's web site (http://www.travelguides.com). The partnership with WorldRes will transform Lanier's content-only site, which features inns and bed and breakfasts listed in its popular guidebooks, to one that can generate revenue for properties through online boo...
Lake Las Vegas Dream Comes Alive 17 Miles East of Glittery Namesake / May 1998
February 28, 1998
Hotel OnlinePress Releases Lake Las Vegas Dream Comes Alive 17 Miles East of Glittery Namesake By Sallie L. Gaines, Chicago Tribune Knight Ridder/Tribune Business News CHICAGO--May 24, 1998 --Since "Bugsy" Siegel's Flamingo opened in 1946, Las Vegas has been synonymous with the biggest names in entertainment and hospitality -- Sinatra to Elvis to Willie, Hilton to Holiday Inn to Hard Rock. All the big names, it seems, but one: Hyatt. All the glitter, not to mention cash, in Las Vegas has never been able to attract that venerable hotel chain, part of the holdings of Chicago's Pritzker family. Until now, that...
Knights Franchise Systems Shows Support for Welfare to Work Partnership / May 1998
February 28, 1998
Hotel Online Press Releases Knights Franchise Systems Shows Support for Welfare to Work Partnership PARSIPPANY, NJ, May 26, 1998 Knights Franchise Systems, Inc. is proud to be a Business Partner in the Welfare to Work Partnership. The first of Cendants family of hotel chains to participate in this program, Knights is committed to the process of moving welfare recipients into the workforce while providing an example to other hotel brands that welfare to work is a smart solution for business. We expect the program to work at three levels, said Ramesh Gokal, president and CEO of the budget ch...
Knights Inn Announces $3 Million Low Interest Loan Program / April 1998
February 28, 1998
Hotel Online Press Releases Knights Inn Announces $3 Million Low Interest Loan Program Chain Lays Groundwork for New Millennium PARSIPPANY, NJ, April 6, 1998 Knights Franchise Systems President and CEO Ramesh Gokal has unveiled an initiative developed to take the chain into the 21st century as the premier brand in the budget lodging segment -- a $3 million low-interest loan program aimed at helping franchisees modernize properties and enhance overall guest experience. Through the support of parent company Cendant Corporation, the loans are being made available to qualified owners at a low fou...
Knights Franchise Systems, Inc. Releases New Mascot for Brand Awareness / April 1998
February 28, 1998
Hotel Online Press Releases Knights Franchise Systems, Inc. Releases New Mascot for Brand Awareness New Knights Mascot Makes Its Public Debut PARSIPPANY, NJ, April 14, 1998 Knights Franchise Systems, Inc. and Musselman Advertising, Inc have given birth to the new Knights Superhero. The new mascot, a contemporary, 21st century Knight, is expected to generate brand awareness and deliver the Knights Inn value message of comfortable, budget lodging to consumers. With the new Superhero, Knights is quickly going from a chain that carved its niche in the budget lodging segment to an innovative br...
KSL Recreation Corporation Purchases The Claremont Resort Spa / April 1998
February 28, 1998
Hotel Online Press Releases KSL Recreation Corporation Purchases The Claremont Resort Spa OAKLAND, Calif. April 7, 1998 - KSL Recreation, owners and operators of La Quinta Resort Club, PGA WEST(TM) and the Doral Golf Resort and Spa, has purchased, through a subsidiary, the Oakland/Berkeley HillsClaremont Resort Spa from the Harold and Arlene Schnitzer Family Foundation, Henry Feldman, vice president and general manager of the Claremont announced today. The renowned Claremont Resort and Spa in the San Francisco Bay Area first began operation as a hotel in 1915. Owned by the Harold and Arlene Schnitze...
EI-AH&MA / KPMG Study Finds Hotel Industry Turnover Rates Continue to Climb / May 1998
February 28, 1998
Hotel Online Press Releases EI Textbook Gives Big Picture of Hospitality Industry EAST LANSING, Mich., June 1998Employees who dont have a background in the hospitality industry will appreciate the comprehensive introduction provided by the newly revised fourth edition of The Lodging and Food Service Industry, published by the Educational Institute of the American Hotel & Motel Association. Author Gerald W. Lattin, CHA, former dean of the Conrad N. Hilton College of hotel and Restaurant Management, University of Houston, brings 50 years of industry knowledge to this introduct...
Whispering Woods Hotel and Conference Center, Olive Branch, MS Completes Renovation / June 1998
February 28, 1998
Hotel Online Press Releases --- Whispering Woods Hotel and Conference Center, Olive Branch, MS Completes Renovation --- OLIVE BRANCH, Miss., June 25, 1998 - Whispering Woods Hotel and Conference Center at 11200 East Goodman Road in Olive Branch, Miss., formerly the Holiday Inn-Executive Conference Center, has completed an $8.5 million extensive renovation. The renovation began when the hotel officially changed its name in February. Comprehensive improvements to the golf course began in December 1997 and are scheduled to complete in November 1998. "The new brand accurately conveys that our property is more t...
