Marriott Reports 1st Quarter 2013 Net Income of $136 million,a 31% Increase Compared to Net Income
May 1, 2013
Hotel Online News for the Hospitality Executive Marriott Reports 1st Quarter 2013 Net Income of $136 million, a 31% Increase Compared to Net Income of $104 million in the Year-Ago Quarter BETHESDA, Md., May 1, 2013 FIRST QUARTER HIGHLIGHTS -- First quarter diluted EPS totaled $0.43, a 43 percent increase over prior year results; -- Operating income increased $51 million in the first quarter to $226 million, including an estimated $23 million increase relating to the change in the fiscal calendar; -- North American comparable company-operated REVPAR rose 5.8 percent in the first quarter with average daily rate up 5.3 percent; -- On a c...
FelCor Lodging Trust Agrees to Sell the 160-room HolidayInn–Santa Barbara/Goleta in Californ
May 1, 2013
Hotel Online News for the Hospitality Executive FelCor Lodging Trust Agrees to Sell the 160-room Holiday Inn - Santa Barbara/Goleta in California IRVING, Texas, May 15, 2013 – FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it has agreed to sell the 160-room Holiday Inn–Santa Barbara/Goleta for $24 million. The purchaser has paid a non-refundable deposit of $960,000 toward the purchase price. FelCor expects the sale to close in June. FelCor expects to use all of the proceeds to repay outstanding debt. About FelCor FelCor, a real estate investment trust, owns a diversified portfolio of primarily upper-upsca...
Hotel Assets Group Sees Strong YTD 2013 Closings / May 2013
May 1, 2013
Hotel Online News for the Hospitality Executive Hotel Assets Group Sees Strong YTD 2013 Closings ATLANTA – May 16, 2013 – Hotel AG announced today the firm continues its closing pace of 1 hotel transaction every 7 days. With the recent closings, the firm continues to see strong transaction volume in the hotel real estate sector. The transactions this year represent almost all hotel segments including full service and select service assets. The hotels have been located in almost every US real estate region and cover most national brands with a heavy emphasis on Hilton/Marriott and IHG branded assets. Sellers represented range...
Daniel Keyser and Nancy Wilkerson Appointed to Top SalesLeadership Positions for Sandestin Golf an
May 1, 2013
Hotel Online News for the Hospitality Executive Daniel Keyser and Nancy Wilkerson Appointed to Top Sales Leadership Positions for Sandestin Golf and Beach Resort DESTIN, FL, May 20, 2013 - Sandestin Golf and Beach Resort, the #1 resort on Florida's Emerald Coast, today announced it is strengthening its business development team with the appointment of two key executives. Nancy Wilkerson has been promoted to director of group sales and Daniel Keyser has been named to executive director of resort sales, overseeing the resort's sales efforts inclusive of group, transient and social business. According to Mark Hodgdon , general mana...
UNWTO and PolyU Co-Host China Tourism and China Hotel-BrandingForum 2013 / May 2013
May 1, 2013
Hotel Online News for the Hospitality Executive UNWTO and PolyU Co-Host China Tourism and China Hotel-Branding Forum 2013 May 16, 2013 - Jointly organised by the United Nations World Tourism Organisation (UNWTO) and the School of Hote land Tourism Management (SHTM) of The Hong Kong Polytechnic University (PolyU), the China Tourism and China Hotel-Branding Forum 2013 (CTHF 2013) is being held from 16 to 18 May at Hotel ICON, Hong Kong. The Forum was officially opened today (16 May) by Dr Che-woo Lui, Chairman of K. Wah Group; Mr Martin Craigs, Chief Executive Officer of the Pacific Asia Travel Association (PATA); Mr Nicholas W. Yang, Exe...
Swissôtel Hotels & Resorts Signs Management Contractwith Shaanxi Puyu Industrial for the
May 1, 2013
Hotel Online News for the Hospitality Executive Swissôtel Hotels & Resorts Signs Management Contract with Shaanxi Puyu Industrial for a 350 room hotel in Xi'an ZURICH, May 22, 2013 – Swissôtel Hotels & Resorts has signed a new management contract with Shaanxi Puyu Industrial Co., Ltd for a 350 room hotel in Xi'an. Scheduled for completion in 2016, Swissôtel Xi'an will be nestled in the core business area in the Xi'an National Civil Aerospace Industrial Base within proximity to two Metro lines. Xi'an, the capital of Shaanxi Province, boasts of a rich and colorful past. With a history of over 3,000 years, i...
Silverstein Properties to Develop $950 million, 82-Story Towerin New York City Housing the Cities
May 1, 2013
Hotel Online News for the Hospitality Executive Silverstein Properties to Develop $950 million, 82-Story Tower in New York City By Ivan Pereira, amNewYork, New York McClatchy-Tribune Regional News May 15, 2013--The developer behind some of the skyscrapers at World Trade Center announced Wednesday it is creating the city's tallest hotel and residential building in lower Manhattan. Silverstein Properties, which is developing four of the World Trade Center buildings, got $950 million in financing from British firm The Children's Investment Fund Management for the 82-story tower at 30 Park Place that will include a Four Seasons hot...
Charlestowne Hotels Selected to Manage the New 43-room SewaneeInn and Conference Center Currently
May 1, 2013
Hotel Online News for the Hospitality Executive Charlestowne Hotels Selected to Manage the New 43-room Sewanee Inn and Conference Center Currently under Construction CHARLESTON, SC - May 31, 2013 – Charlestowne Hotels has been chosen by the University of the South in Sewanee, TN, to manage the new Sewanee Inn and Conference Center, which is currently under construction. The upscale development will consist of a 43-room inn and conference facility set on the site of the former Sewanee Inn and overlooking the newly restored golf course. According to Jeremy Thompson of Earl Swensson Associates, Inc. (ESa), the architectural style of ...
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