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NAACP 2nd Year Hotel Survey Uncovers New Leaders / June 1998
February 28, 1998
Hotel Online Special Report --- NAACP 2nd Year Hotel Survey Uncovers New Leaders Lodging Initiative Proves Effective; Some Hotels Stay Behind --- Washington, DC - June 26, 1998 - NAACP President & CEO Kweisi Mfume released the second Consumer Choice Guide and Hotel Industry Report Card at a press conference in Washington, DC today. This guide and report card are part of the NAACPs Economic Reciprocity Initiative that has monitored the diversity and minority business development performance of the lodging industry over the last three years. Fourteen hotel chains were graded for the second guide...
Atlantis Casino Resort in Reno to Receive $63 Million Expansion / June 1998
February 28, 1998
Hotel Online Press Releases --- Atlantis Casino Resort in Reno to Receive $63 Million Expansion --- RENO, Nev., June 22, 1998 - Monarch Casino Resort, Inc. announced today that it has signed a contract with Perini Building Company for the construction of a major expansion of the Company's Atlantis Casino Resort in Reno (the "Atlantis"), with construction scheduled to begin today. Including the South Virginia street pedestrian skyway already under construction by Krump Construction, the Company expects the cost of these two projects (together, the "Expansion") to approximate $63 milli...
Millennium Partners Breaks Ground to Develop Four Seasons Hotel and Tower, San Francisco / June 1998
February 28, 1998
Hotel Online Press Releases Millennium Partners Breaks Ground to Develop Four Seasons Hotel and Tower, San Francisco's Premier Mixed-Use Urban Living Center --- SAN FRANCISCO - June 10, 1998 - Millennium Partners, an international real estate development firm, will break ground today on the development of Four Seasons Hotel and Tower, San Francisco's premier mixed-use urban living center. The development is slated for completion in the later part of the year 2000. This project is located on the south side of Market Street, between Third and Fourth Streets, bordering Yerba Buena Gardens to the north. ...
Millennium Partners to Build Ritz-Carlton Hotel as Anchor of Washington, D.C. Luxury Residential Development / June 1998
February 28, 1998
Hotel Online Press Releases Millennium Partners to Build Ritz-Carlton Hotel as Anchor of Washington, D.C. Luxury Residential Development --- June 4, 1998 -- Millennium Partners today announced plans to build The Ritz-Carlton Hotel Residences in Washington, D.C., a mixed-use development that will bring together luxury condominiums, a five-star hotel, prime retail space and a world-class fitness and spa facility in one development. Millennium Partners, which pioneered the urban entertainment and living center concept, is developing nearly $2 billion of mixed-use real estate in San Francisco, Boston, M...
MICROS-Fidelio Partners With Leading Hotels on the Release of OPERA, the Industry's Newest Concept in Hotel Enterprise Management / June 1998
February 28, 1998
Hotel Online Press Releases MICROS - Fidelio Partners With Leading Hotels on the Release of OPERA, the Industry's Newest Concept in Hotel Enterprise Management --- BELTSVILLE, Md.--June 16, 1998--MICROS-Fidelio International, a subsidiary of MICROS Systems Inc. and the world's premier provider of hotel information technology, announced the introduction of its new integrated hotel enterprise management system, OPERA, together with the support of seven of the world's most prestigious hotel chains. In a unique focus group approach to product development, MICROS-Fidelio partnered with seven of the indu...
NevStar Gaming Entertainment Schedules Mesquite Star Opening for July 1st / June 1998
February 28, 1998
Hotel Online Press Releases --- NevStar Gaming Entertainment Schedules Mesquite Star Opening for July 1st --- MESQUITE, Nev., June 23, 1998 - NevStar Gaming Entertainment Corporation (Nasdaq: NVST) announced today that it received approval from the Nevada Gaming Commission to commence gaming operations at its Mesquite Star Hotel and Casino in Mesquite, Nevada. Additionally, Michael J. Signorelli, Chairman and Chief Executive Officer, Jeffrey L. Gilbert, President and Chief Operating Officer and Richard Tam, Director, were licensed as officers and/or directors of NevStar. Chairman and CEO Michael...
Insignia/ESG Hotel Parners Taps McConnell for Key Capital Markets Spot / June 1998
February 28, 1998
Hotel Online Press Releases Insignia/ESG Hotel Parners Taps McConnell for Key Capital Markets Spot --- New York, NY, June 15, 1998 -- Russell D. Urban, Executive Director, Capital Markets for Insignia/ESG Hotel Partners, Inc., is pleased to announce that Thomas McConnell has joined the firm as Senior Managing Director in the New York office. McConnell will work closely with Allen Toman and William Waldron in the procurement of equity and debt for hospitality-related real estate, investment advisory, asset management and other related services. McConnell's experience in the hospitality industry spans ne...
Edward Mace Appointed President and CEO of Fairmont Hotels / June 1998
February 28, 1998
Hotel Online Special Report --- Edward Mace Appointed President and CEO of Fairmont Hotels --- SAN FRANCISCO- June 30, 1998 - Lew Wolff, Chairman of the Fairmont Hotel Management, L.P. today announced the appointment of Edward Mace as President and CEO of Fairmont Hotel Management, L.P., effective September 1. Mace previously held the position of Chief Operating Officer at Fairmont, overseeing all key management functions for Fairmont's seven luxury hotels . "Ed's contributions to Fairmont since joining the company in 1996 have been extraordinary, and I have the greatest confidence in his leadership...
Loews Hotels, Rank America, Inc. and Universal Studios, Inc. Enter into Definitive Financing Agreement / June 1998
February 28, 1998
Hotel Online Special Report --- Loews Hotels, Rank America, Inc. and Universal Studios, Inc. Enter into Definitive Financing Agreements --- LOS ANGELES, June 29, 1998 - Loews Hotels, Rank America, Inc. and Universal Studios, Inc., through their UCF Hotel joint venture, today announced that they have entered into definitive agreements with respect to $342 million construction financing for three hotels and a common support facility to be located at the Universal Studios Escape in Orlando, Florida. The remainder of the project will be provided as equity by the joint venture partners. The credit facilit...
Lodgenet Acquires Connect Group / June 1998
February 28, 1998
Hotel Online Press Releases Lodgenet Acquires Connect Group Delivers High - Speed Laptop Connectivity --- -- Internet Access for Guest Rooms, Meeting Spaces -- -- High-Speed, "Plug-and-Play" Functionality For All Apple and Microsoft Users -- -- Resolves PBX Overload -- -- Utilizes Existing Phone Infrastructure -- --- SIOUX FALLS, SD (June 16, 1998) LodgeNet Entertainment Corporation today announced the acquisition of the Connect Group Corporation. With this acquisition, it will begin delivering a comprehensive solution that will cost-effectively enable plug-and-play high speed Inte...
LaSalle Hotel Properties Acquires San Diego Princess Resort / June 1998
February 28, 1998
Hotel Online Press Releases LaSalle Hotel Properties Acquires San Diego Princess Resort REIT Announces Renaming of the Resort, Renovation Plans And New Management Company NEW YORK, June 1, 1998 - LaSalle Hotel Properties (NYSE: LHO) today announced the acquisition of the 44-acre San Diego Princess Resort for a cash purchase price of $73 million from VVH Resorts, Ltd. The newly formed public real estate investment trust also announced they will officially rename the property the San Diego Paradise Point Resort and invest up to $8 million in capital improvements over the next two years to renovate and r...
LaSalle Hotel Properties Reports First Quarter 1998 Pro Forma Comparative / June 1998
February 28, 1998
Hotel Online Press Releases LaSalle Hotel Properties Reports First Quarter 1998 Pro Forma Comparative FFO Increase of 17 Percent RevPAR Increases Strong 9.4 Percent Statistical Data for the Initial Hotels --- NEW YORK, June 8, 1998 - LaSalle Hotel Properties (NYSE: LHO), a leading multi-tenant, multi-operator hotel real estate investment trust that completed its initial public offering on April 23, 1998, today reported an increase in pro forma funds from operations and net income for its first quarter of 1998 over the first quarter of 1997. For the first quarter ended March 31, 1998, pro f...
Lampi and Hewes Elected to Top Posts at Hospitality Minnesota / June 1998
February 28, 1998
Hotel Online Press Releases Lampi and Hewes Elected to Top Posts at Hospitality Minnesota --- ST. PAUL, Minn. June 11, 1988 - -Steve Lampi, president and CEO of Bridgeman's Restaurants, Inc., and Arnold J. Hewes, CAE, executive vice president of Minnesota's Restaurant, Hotel and Resort Associations, have been elected to one year terms as chairman and president, respectively, of Hospitality Minnesota, the umbrella organization for the Minnesota Restaurant Association, Minnesota Hotel & Lodging Association and Minnesota Resort Association. As chairman of the Hospitality Minnesota Board, Lampi will lead...
LaSalle Hotel Properties Acquires Boston's Harborside Hyatt Conference Center Hotel for $73.5 Million / June 1998
February 28, 1998
Hotel Online Press Releases --- LaSalle Hotel Properties Acquires Boston's Harborside Hyatt Conference Center Hotel for $73.5 Million REIT Announces Its Second Acquisition Since Its April 23 Initial Public Offering --- NEW YORK, June 24, 1998 - LaSalle Hotel Properties (NYSE: LHO) today announced the acquisition of the Harborside Hyatt Conference Center Hotel in Boston from Bird Island Limited Partnership for $73.5 million. Hyatt Hotels Corporation will continue to operate the property according to an existing management agreement. This is the second hotel acquisition since the company's initial p...
Lodging Industry Winners Will Consolidate, Globalize in 21st Century, KPMG Reports / June 1998
February 28, 1998
Hotel Online Press Releases Lodging Industry Winners Will Consolidate, Globalize in 21st Century, KPMG Reports Hotel Companies Moving to Customer-Focused Strategies And Technology to Compete ----- CHICAGO, June 8, 1998 - Over the next year or two, a handful of global giants will emerge in the hospitality industry, with North American firms likely leading the pack. Current consolidation trends have placed American firms at the forefront of the industry in size, with the largest companies increasing their international presence at a rapid rate. To support the race for global domination, hotel ...
City of Detroit and Casinos Sponsor Forums to Sign up For Casino Jobs and Business Opportunities / June 1998
February 28, 1998
Hotel Online Press Releases City of Detroit and Casinos Sponsor Forums to Sign up For Casino Jobs and Business Opportunities --- DETROIT, June 8, 1998 -- The City of Detroit and the three groups selected to develop casinos in Detroit will sponsor a public forum at the Cobo Conference Center on Saturday, June 13, to enable individuals to sign up for consideration for a job with Detroit's casinos. The following Saturday, June 20, a Business Opportunity Forum will be held to outline the opportunities that will exist for businesses to contract with the casinos. Individuals who attend the Job Opportunit...
Irish Referendum Good for Tourism, Travel Weekly Reports / June 1998
February 28, 1998
Hotel Online Press Releases Irish Referendum Good for Tourism, Travel Weekly Reports --- NEW YORK, June 4, 1998 - Of the many benefits flowing from the referendum to bring peace to Northern Ireland, one of the big winners will be tourism, reports Travel Weekly, the leading newspaper of the travel industry. In an article written by Travel Weekly reporter Caroline Scutt, travel agents and tour operators predict a significant boost in leisure travel to Ireland, with benefits that especially will be felt "medium to long term." They believe Northern Ireland will not experience a significant jump in visitor...
Internet's Largest Hotel Directory Breaks the 60,000 Mark / June 1998
February 28, 1998
Hotel Online Press Releases Internet Hotel Directory Breaks the 60,000 Mark --- MEGGEN, SWITZERLAND - The Hotel Guide has broken the 60,000 mark for the first time with the addition of over 2,000 new listings to its international database of hotels, the company announced today. The Hotel Guide's directory, used by both travel agents and individual travelers, is believed to be the largest international guide to hotels found on the Internet. Many hotel Web sites cover such highly frequented locations as New York, Paris and London. The Hotel Guide (http://www.hotelguide.com) contains extensive listings i...
Ibertech Receives Microsoft Certified Solution Provider Award / June 1998
February 28, 1998
Hotel Online Press Releases Ibertech Receives Microsoft Certified Solution Provider Award --- Hurst, TX- June 1, 1998 - Ibertech, developers of Aloha point-of-sale solutions, today announced that it has won the 1998 Microsoft Certified Solution Provider (MCSP) Award for Best Information Management Solution. The winners were named at an awards banquet at Fusion - '98 in New Orleans on May 31. Ibertech's director of development, Brent Boyle, accepted the award. Ibertech's entry was the Aloha ARENA product, which provides a comprehensive touch screen point-of-sale (POS) solution that supports multipl...
IDeaS Completes $8 Million Venture Capital Financing Investment Led By Morgan Stanley / June 1998
February 28, 1998
Hotel Online Press Releases IDeaS Completes $8 Million Venture Capital Financing Investment Led By Morgan Stanley --- HITEC, LOS ANGELES, June 17 - Integrated Decisions and Systems, Inc. (IDeaS), the emerging leader in hospitality industry revenue and yield management decision systems, has completed its second round of venture capital financing. The $8 million investment was led by Morgan Stanley Venture Partners, the venture capital affiliate of Morgan Stanley Dean Witter & Co. (NYSE: MWD), and brings IDeaS' total venture funding to $12 million. Additional investors in this round included...
IDeaS Appointed Worldwide Yield Management Partner by Hilton International / June 1998
February 28, 1998
Hotel Online Press Releases IDeaS Appointed Worldwide Yield Management Partner by Hilton International --- HITEC, LOS ANGELES, June 17 -- Integrated Decisions and Systems, Inc ("IDeaS"), today announced that it has been selected by Hilton International as its long term partner for development of a new revenue and yield management system. The formal partnership follows a period of collaboration between Hilton International and IDeaS during which the proposed system, IDeaL/YIELD, has been piloted in two key hotels in London and Brussels. A detailed study of these pilot sites indicated room revenue g...
Host Marriott Announces Formation of a Joint Venture in Asia with Jones Lang Wootton / June 1998
February 28, 1998
Hotel Online Special Report --- Host Marriott Announces Formation of a Joint Venture in Asia with Jones Lang Wootton --- WASHINGTON, June 30, 1998 - Host Marriott Corporation (NYSE: HMT) announced today that it has entered into a venture with Jones Lang Wootton (JLW) to acquire Four and Five Star hotels in Southeast Asia and the Pacific Rim. The venture will be based in Singapore and will be managed by representatives from both companies. Terence C. Golden, president and chief executive officer, stated, "The objective of this alliance will be consistent with Host Marriott's domestic strategy -- to a...
Hilton to Split Gaming, Lodging Operations; New Gaming Company to Merge With Grand Casinos / June 1998
February 28, 1998
Hotel Online Special Report --- Hilton to Split Gaming, Lodging Operations; New Gaming Company to Merge With Grand Casinos --- BEVERLY HILLS, Calif - June 30, 1998--Hilton Hotels Corporation (NYSE:HLT) announced today that it will separate its gaming and lodging operations, creating a new publicly held gaming company. The separation will be accomplished through a tax free distribution to Hilton shareholders of the shares of the gaming company. Following completion of the distribution, the new gaming company -- the name of which will be determined at a later date --will merge with the Mississippi gamin...
Former Hilton Employee Files Class Action for Pension Benefits / June 1998
February 28, 1998
Hotel Online Press Releases Former Hilton Employee Files Class Action for Pension Benefits --- WASHINGTON, June 17, 1998 - A former security guard at the Capital Hilton in Washington, DC, filed a nationwide class action suit in federal court today against Hilton Hotels Corp. of Beverly Hills, CA. The suit alleges that the hotel chain has miscalculated the retirement benefits of its salaried and non-union employees, leaving many current and former employees with less than half as much in retirement benefits as federal law requires. Jamal Kifafi, age 56, who worked for ten years at the Washington, DC,...
