Hotel Lawyer: New Federal Junk Fee Law – The No Hidden FEES Act of 2023 (HR 6543)
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Patriot American Hospitality, Inc. Completes Acquisition Of Arcadian International PLC / April 1998
February 28, 1998
Hotel Online Press Releases Patriot American Hospitality, Inc. Completes Acquisition Of Arcadian International PLC --- Acquisition of European hotel operator represents Patriot's first international transaction; Contributes proprietary Malmaison brand to portfolio and is expected to enhance international expansion of Wyndham and Grand Heritage proprietary brands --- DALLAS, April 6, 1998 - Representing the first international corporate acquisition in its history, Patriot American Hospitality, Inc. (NYSE: PAH), whose shares are paired with Wyndham International, Inc. and trade as a single un...
Hospitality Worldwide Services Parker Reorder Subsidiary Establishes a Strategic Partnership With Servico / May 1998
February 28, 1998
Hotel Online Press Releases Hospitality Worldwide Services Parker Reorder Subsidiary Establishes a Strategic Partnership With Servico Management to Provide Online Procurement Services and Software NEW YORK - May 20, 1998 - Hospitality Worldwide Services Inc. (AMEX:HWS) Wednesday announced that its wholly owned subsidiary, Parker Reorder Co., has signed a two-year contract with Servico Management Corp. under which Parker Reorder will provide procurement services and its proprietary online procurement software, Parker FIRST (Fully Integrated Reorder System & Tracking). Scott Foos, president and...
Paramount Hotel: The Second Act – Ian Schrager Takes His 'Urban Oasis' to Another Level / April 1998
February 28, 1998
Hotel Online Press Releases Paramount Hotel: The Second Act - Ian Schrager Takes His 'Urban Oasis' to Another Level NEW YORK, April 27, 1998 - Following closely on the heels of the formation of Ian Schrager Hotels, a newly created company with aggressive expansion plans in the United States and abroad, renowned hotelier Ian Schrager has just completed the "reinvention" of Paramount, his hugely successful hotel in the heart of New York City's Times Square theater district. When Mr. Schrager opened the groundbreaking Paramount in 1990, it set a new industry standard -- affordable luxury that offered great value i...
Florida Panthers Holdings, Inc. Acquires the Edgewater Beach Hotel / April 1998
February 28, 1998
Hotel Online Press Releases Florida Panthers Holdings, Inc. Acquires the Edgewater Beach Hotel FORT LAUDERDALE, Fla., April 21, 1998 - Florida Panthers Holdings, Inc. (NYSE: PAW) today announced that it has acquired the Edgewater Beach Hotel, the only all-suite beach resort located in Naples, Florida from Resort Properties of Naples, LP., which is controlled by the Esping family of Dallas, Texas. The Edgewater's 126 suites are situated on a two-acre site and surround a tropical courtyard located only a few steps from seven miles of pristine beach. Amenities at the resort include a pool, a fitness cent...
PATA Recognises Industry Achievement with Grand and Gold Awards/ April 1998
February 28, 1998
Hotel Online Press Releases PATA Recognises Industry Achievement with Grand and Gold Awards MANILA, Philippines, March 30, 1998 ---- The Pacific Asia Travel Association (PATA) today honoured the outstanding achievement of a number of organisations and individuals during the Association's 1998 Gold Awards ceremony in Manila, Philippines. The awards included four Grand Awards - presented to the "best of show" entries in the categories of Marketing, Environment, and Heritage & Culture. The Marketing Grand Award was presented to the Sarawak Tourism Board for its sophisticated programme, "Sara...
PATA Selects Bangkok, Thailand as Site for Operational Headquarters / April 1998
February 28, 1998
Hotel Online Press Releases PATA Selects Bangkok, Thailand as Site for Operational Headquarters MANILA, PHILIPPINES, March 29,1998--The Pacific Asia Travel Association (PATA) will relocate the Association's operational headquarters from San Francisco, USA to Bangkok, Thailand. The announcement follows the selection of the new headquarters site by the Association's Executive Committee and the approval of funding today by the PATA Board of Directors during a meeting being held in conjunction with the Association's 47th Annual Conference in Manila, Philippines. The selection of Bangkok was made a...
Orient-Express Hotels to Open the Hotel Splendido Mare in Portofino, Italy / May 1998
February 28, 1998
Hotel Online Press Releases Orient-Express Hotels to Open the Hotel Splendido Mare in Portofino, Italy -- "Sister" Property to World-Famous Hotel Splendido Opens June 15 Following Extensive Renovation Portofino, Italy, New York - May 13, 1998 - Orient-Express Hotels Inc. today announced the June 15, 1998 opening of the Splendido Mare, an existing structure that had been a rendezvous for aristocracy, royalty, artists and intellectuals since the beginning of the twentieth century. Acquired by the company in 1997, the building has since been renovated and will now serve as a "sister" property to th...
Budgetel Inns Plans Hotel Near Ontario Mills Mall in Calif. / May 1998
February 28, 1998
Hotel Online Press Releases Budgetel Inns Plans Hotel Near Ontario Mills Mall in Calif. By Gray Scott, The Business Press, Ontario, Calif. Knight Ridder/Tribune Business News May 25--A Milwaukee-based chain is thinking about building a 105-room economy hotel next to Ontario Mills -- making it the third hotel project proposed in the shadow of the Inland Empire's biggest mall. Budgetel Inns has applied for a conditional use permit for a four-story, 55,852-square-foot Baymont Inn & Suites that would include 15 suites and 90 standard rooms, Ontario assistant planner Steve Gonzales said. "Budgetel...
Oldershaw & Demann Associates – Introduce their Services on the Web/ May 1998
February 28, 1998
Hotel Online Press Releases Oldershaw & Demann Associates - The Leading Designers Specializing in Hotel, Reseidential Interiors and Furniture Design - Introduce their Services on the Web Los Angeles, CA - May, 1998 - O&D is a multi-disciplinary design firm founded on the premise that exceptional design and sound business principles are the basis to every successful project. Partners, Garth Alexander Oldershaw and Todd DeMann approach every commission from their respective aesthetic and business backgrounds. Oldershaw, a trained architect, is an award-winning designer; DeMann, a management co...
Nomura Asset Capital Acquires 35 Percent Of Hardage Suite Hotels, Provides $486.5 Million For Major Growth / May 1998
February 28, 1998
Hotel Online Press Releases Nomura Asset Capital Acquires 35 Percent Of Hardage Suite Hotels, Provides $486.5 Million For Major Growth -- San Diego Company Plans Aggressive Expansion of Woodfin Suite Hotels for Business Travelers SAN DIEGO, May 13, 1998 - Nomura Asset Capital Corp., the U.S. subsidiary of Nomura Investment Co., has purchased 35 percent of Hardage Suite Hotels, LLC for $81.5 million and is providing $405.5 million in construction, acquisition and permanent loan financing for an aggressive expansion of its upscale and highly regarded Woodfin Suite Hotels for business travelers. ...
Nitsuko America 384i Hotel / Motel Package Receives Encore Certification / May 1998
February 28, 1998
Hotel Online Press Releases Nitsuko America 384i Hotel / Motel Package Receives Encore Certification Shelton, CT - May 14, 1998 - Nitsuko Americas 384i telephone was certified by Encore Systems, Inc. (Atlanta, GA) for its Hotel/Motel feature package and Property Management System Integration (PMSi). Encore is a major distributor of Property Management Systems (PMS) for the lodging industry.This certification places the 384i on Encores list of approved systems which may be installed with their PMS systems in both independent as well as chain hotels nationwide. It was determined that the 384i w...
Profile: Joe Fassler, National Restaurant Association Chairman / May 1998
February 28, 1998
Hotel Online Press Releases Profile: Joe Fassler, National Restaurant Association Chairman The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News May 25--Joe Fassler, 56, recently assumed the chairmanship of the National Restaurant Association, the Washington, D.C., group representing the $336 billion-a-year restaurant industry. Fassler, who began his career more than 40 years ago unloading trucks, is president of Restaura Inc., a food-service company in Phoenix. He spoke last week with reporter Susan G. Strother of The Orlando (Fla.) Sentinel about issues facing the industry. Q: What are yo...
RogersDale Enlists New Developer to Fulfill Murrieta, Calif., Hotel Plans / May 1998
February 28, 1998
Hotel Online Press Releases RogersDale Enlists New Developer to Fulfill Murrieta, Calif., Hotel Plans By Gray Scott, The Business Press, Ontario, Calif. Knight Ridder/Tribune Business News May 25--When RogersDale U.S.A. left Temecula in March, it didn't just leave behind its former home. It also abandoned its original hotel plan. Now that the entertainment center project is one month away from breaking ground in Murrieta, RogersDale's partners have a new hotel vision -- and a new developer enlisted to fulfill it. The new plan calls for a Western-themed, independent hotel, rather than adding another ...
Minnesota Associations Win Two Awards of Excellence From the Minnesota Society of Association Executives / May 1998
February 28, 1998
Hotel Online Press Releases Minnesota Associations Win Two Awards of Excellence From the Minnesota Society of Association Executives ST. PAUL, MN (May 19, 1998) - Hospitality Minnesota-Minnesota's Restaurant, Hotel & Resort Associations - today received two Awards of Excellence from the Minnesota Society of Association Executives (MS AE). This brings to 11 the total number of awards Hospitality Minnesota has received from MSAE over the last four years. The first award, given in the marketing and public relations category, was presented for the development of a new identity and logo for Hospitality...
Memorial Day Travelers to See Higher Hotel Room Rates, the Lodging Research Network Reports / May 1998
February 28, 1998
Hotel Online Press Releases Memorial Day Travelers to See Higher Hotel Room Rates, the Lodging Research Network Reports And Some Major Cities Will Have Few Vacancies NEW YORK, May 22, 1998 - Memorial Day travelers will find average daily hotel room rates higher this year than last by more than double the rate of inflation -- and increases of close to 15 percent in many resort areas and some cities, according to an exclusive forecast from Coopers & Lybrand on the Lodging Research Network http://www.lodgingresearch.com , the Internet-based resource for lodging industry data and information from Co...
Beau Rivage; Glimpse of the Future for Biloxi, MS / May 1998
February 28, 1998
Hotel Online Press Releases Beau Rivage; Glimpse of the Future for Biloxi, MS The Sun Herald, Biloxi, Miss., Tradewinds Column By Charles Busby, The Sun Herald, Biloxi, Miss. Knight Ridder/Tribune Business News May 24, 1998 -- Eddie McGuire sits in a chair beneath a tented pavilion on Caillavet Street in Biloxi. To the south, beyond a graceful oak trimmed with Spanish moss and skirted by a neatly planted flower garden, looms the Beau Rivage. Teeming with hard hats -- 1,700 of them as Mirage Resorts steps up the pace of construction -- the towering structure gives McGuire a glimpse of the future, an...
Villager Franchise Systems, Inc. Reaches Chain Milestone / May 1998
February 28, 1998
Hotel Online Press Releases Villager Franchise Systems, Inc. Reaches Chain Milestone Las Vegas Property is 100th To Enter System Reno, NV, April 23, 1998 -- Villager Franchise Systems, Inc., already the largest economy extended stay lodging chain, now numbers 100 strong. During the annual AH&MA convention held at the Hilton in Reno, Villager President and CEO Ken Rodgers announced that the Villager Lodge in Las Vegas, Nevada is the 100th property to join the Villager franchise system. The 182-room, all suite Las Vegas Villager is also the chains first new construction property. ...
Trump Reports 1st Quarter 1998 Results / May 1998
February 28, 1998
Hotel Online Press Releases Trump Hotels Casino Resorts, Inc. First Quarter Results Exceed WallStreet Earnings Estimates; Operating Margins At Atlantic City Properties Continue to Improve --- NEW YORK - May 6, 1998 - Trump Hotels Casino Resorts, Inc. (NYSE:DJT) announced today that earnings for the first quarter ended March 31, 1998 exceeded consensus Wall Street estimates for the quarter which anticipated a loss of $0.90 per share. According to the Company, the net loss for the period was $17.7 million or $0.79 per share, $0.11 per share better than analyst expectations and a $0.45 per share improvement from...
Lowell Thomas Travel Journalism Winners Named / Mayl 1998
February 28, 1998
Hotel Online Press Releases Lowell Thomas Travel Journalism Winners Named DEARBORN, Mich., May 2, 1998 - The Chicago Tribune, the Orange County Register and The Record in Hackensack, NJ, have won first places for best newspaper travel sections in the 14th annual SATW Foundation Lowell Thomas Travel Journalism Competition. Arizona Highways was named the best monthly travel magazine and Islands the best non-monthly travel magazine. All awards honor work done in 1997. Alan Solomon, travel writer for the Chicago Tribune, won the Grand Award honoring the best portfolio of work. As the Lowell Thomas Travel Jour...
Super 8 Motels Opens 37 New Properties; 4.1 percent REVPAR Increase for First Quarter of 1998 / May 1998
February 28, 1998
Hotel Online Press Releases Super 8 Motels Opens 37 New Properties; 4.1 percent REVPAR Increase for First Quarter of 1998 Parsippany, N.J., May 6, 1998 Super 8 Motels, Inc. reported a strong first quarter and predicts a healthy year for franchisees. North Americas fastest growing economy lodging chain opened 37 new motels in the first quarter of 1998 in the U.S. and Canada. Demand for economy motels in Canada has been particularly strong with four new motels, bringing the total to 54 properties. Royop Properties Corporation (TSE:RYP), which signed the first Super 8 Canadian master franchise lice...
Sun International Announces Record First Quarter – 1998 Results / May 1998
February 28, 1998
Hotel Online Press Releases Sun International Announces Record First Quarter - 1998 Results PARADISE ISLAND, The Bahamas, May 5, 1998 - Sun International Hotels Limited (NYSE: SIH) reported first quarter earnings per share of $0.87, a 30% increase over the same period last year. The Company generated net income of $29.9 million compared to net income before extraordinary items of $22.6 million for the same period last year. Paradise Island The Paradise Island operations achieved good results for the quarter, generating earnings before interest, taxes and depreciation (EBITDA) of $24.3 million, an 8%...
Starwood Hotels Resorts Announces Record 1998 First Quarter Results / May 1998
February 28, 1998
Hotel Online Press Releases Starwood Hotels Resorts Announces Record 1998 First Quarter Results Hotel Group Results Gaming Results Renovations And Repositionings - PHOENIX, Ariz., May 6, 1998 - The following was released today by Starwood Hotels Resorts and Starwood Hotels Resorts Worldwide, Inc.: First Quarter Financial Highlights: 17% increase to $0.70 in combined pro forma funds from operations (FFO) per paired share. 12.3% increase in same store REVPAR for 106 owned hotels in NorthAmerica. 11.2% increase in same store REVPAR for 151 owned hotels worldwide. EBITDA margin for 151 owne...
Olympus Real Estate Corporation's Park Plaza International Acquires Historic Warwick Hotel in Houston / May 1998
February 28, 1998
Hotel Online Press Releases Olympus Real Estate Corporation's Park Plaza International Acquires Historic Warwick Hotel in Houston DALLAS/HOUSTON, and SCOTTSDALE, AZ- May 7, 1998 - Park Plaza International Hotels, Inns and Resorts today announced that it has acquired The Warwick Hotel, one of Houston's most-recognized hotels, strategically located in the heart of the city's cultural district. Built in 1926, the 308-room Warwick has many outstanding attributes, including European-style architecture with imported marble from Portugal, priceless antique tapestries, hand-carved French paneling, The Hunt Room ...
Mirage Resorts Reports First Quarter, 1998 Earnings / May 1998
February 28, 1998
Hotel Online Press Releases Mirage Resorts Reports First Quarter, 1998 Earnings; Pays Off Last Remaining Secured Debt Issue Interpretive Data Mirage Resorts Reports Record 1997 Earnings -- LAS VEGAS, May 4, 1998 - Mirage Resorts (NYSE: MIR) reported 1998 first quarter earnings before extraordinary items of $41.6 million, or $0.22 per share, versus the $56.7 million, or $0.30 per share, achieved in the first quarter of 1997. The quarter was affected by a decline in the international baccarat business, a slightly lower table games win percentage, an extraordinary charge on debt redemption...