The Lender for Troubled 404-room Ritz-Carlton Kapalua in Hawaii, Lehman Brothers Holdings Inc, Purc
May 1, 2011
Hotel Online News for the Hospitality Executive By Kristen Consillio, The Honolulu Star-AdvertiserMcClatchy-Tribune Regional News May 06, 2011--The lender for the Ritz-Carlton Kapalua scooped up its investment in a foreclosure auction yesterday on Maui, with a $75 million credit bid on the luxury hotel. Lehman Brothers Holdings Inc. outbid two other qualified bidders for the 404-room luxury property, which was foreclosed in September after institutional investors and Maui Land & Pineapple Co. defaulted on a loan, most recently valued at $268 million. Lehman Brothers filed for bankruptcy in September 2008 and is in the process of bei...
ReviewAnalyst Launches Restaurant Review Monitoring with Hard Rock International; Social Media and
May 1, 2011
Hotel Online News for the Hospitality Executive DALLAS (May 16, 2011) – Hard Rock International has chosen ReviewAnalyst LLC to monitor its social media presence and customer reviews across a multitude of travel, review and social forums. ReviewAnalyst will monitor data for Hard Rock International including Cafe and Hotel properties, marking ReviewAnalyst's initial launch into the restaurant market. As social media and consumer reviews continue to play an ever-increasing role in the consumer decision making process, monitoring and reviewing online interactions have become imperative for businesses worldwide. Hard Rock Internationa...
A Tale of Two Strategies; Contrasting boutique and chain hotel revenue management approaches / Jean
May 1, 2011
Hotel Online News for the Hospitality Executive By Jean Francois Mourier May 20, 2011 Boutique hotel properties and even boutique hotel chains have been enjoying a surge in popularity over the past few years. Consumers are increasingly seeking unique, tailored lodging experiences, and boutique hotels are well positioned to provide those experiences to them. Boutiques, not saddled with the same cost structures that chain-managed properties are, also present an attractive investment option for hotel owners. Of course, the large chains still dominate the lodging landscape in the US. But the rise of boutiques and boutique chains affords an...
CEO of Revel Casino Surprises Gaming Congress by Disclosing that the $2.4 billion Megaresort in Atl
May 1, 2011
Hotel Online News for the Hospitality Executive By Donald Wittkowski, The Press of Atlantic City, Pleasantville, N.J.McClatchy-Tribune Regional News May 25, 2011--ATLANTIC CITY -- One of Atlantic City's most closely guarded secrets ended Tuesday when the chief executive officer of the Revel casino project disclosed that the $2.4 billion megaresort will open May 15, 2012. Surprising the audience, Kevin DeSanctis announced the grand opening date during closing remarks at the East Coast Gaming Congress, an annual conference that draws hundreds of industry officials to Atlantic City. "We expect to employ over 5,000 workers when we open in M...
A Conversation with Joel Ballesteros, Director of LGBT Marketing at Resorts Casino Hotel / May 2011
May 1, 2011
Hotel Online News for the Hospitality Executive By Michael Clark, The Press of Atlantic City, Pleasantville, N.J.McClatchy-Tribune Regional News May 15, 2011--As Resorts Casino Hotel co-owner Dennis Gomes attempts to revitalize the city's oldest casino, he is experimenting with different strategies. His latest tactic: attracting gay customers. In March, Gomes hired Joel Ballesteros as the first director of lesbian, gay, bisexual and transgender (LGBT or GLBT) marketing at an Atlantic City casino and charged him with that mission. The opening of the Prohibition Club, the city's first gay casino nightclub, is the beginning of the plan to ...
White/Peterman Properties and Marriott International to Open the 155-suite Residence Inn by Marriot
May 1, 2011
Hotel Online News for the Hospitality Executive Bethesda, Maryland – May 12, 2011 – Marriott International, Inc. (NYSE:MAR; www.marriott.com ) is scheduled to open the 155-suite Residence Inn by Marriott in Fairfax, Virginia on Monday, May 16, 2011. Located at 3565 Chain Bridge Road, the Residence Inn Fairfax City is owned by White/Peterman Properties, Inc. and managed by Marriott International. Located 15 miles from the Dulles International Airport and 20 miles from Reagan National Airport, the Residence Inn Fairfax City offers its guests convenient access to George Mason University, Wolf Trap Performing Arts Center, Tysons...
International Trading and Investment Co. and Marriott International to Introduce Residence Inn Bran
May 1, 2011
Hotel Online News for the Hospitality Executive May 9, 2011 - Marriott International (NYSE/MAR) plans to introduce its Residence Inn by Marriott lodging brand for extended stay travelers in Bahrain later this year, under a long term management agreement with International Trading And Investment Co. W.L.L. The 78-unit property will open in the Juffair district of Manama and will be the first Residence Inn-branded property in the Middle East. Late last year, Marriott announced it would also operate a Residence Inn-branded property in Jizan, Saudi Arabia in 2012; a third Residence Inn-branded hotel will open in Algiers in 2014. Ed Fuller, ...
Renovation Completed at the 186-suite Residence Inn by Marriott Beverly Hills in California / May 2
May 1, 2011
Hotel Online News for the Hospitality Executive Beverly Hills - The Residence Inn by Marriott Beverly Hills recently completed a full renovation and redesign of the lobby, meeting space, and all 186 suites. This hidden gem sits just blocks from Rodeo Drive and boasts a boutique-inspired atmosphere that you can afford. Whether visiting the greater Los Angeles area for vacation or business, the renovations were done with your needs in mind, making this hotel a perfect choice for short and extended stays alike. Guests have the option to begin their day with a workout in the Exercise Room and rejuvenate their muscles in the 20-person whirlp...
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