AH&LA Endorses Reintroduced JOLT Act; Legislative Action Summit to Focus on the Business of Tra
March 1, 2013
Hotel Online News for the Hospitality Executive Washington, D.C., March 21, 2013 – The American Hotel & Lodging Association (AH&LA) has put its full support behind the Jobs Originated through Launching Travel (JOLT) Act reintroduced today in the House of Representatives by Congressmen Joe Heck (R-NV) and Mike Quigley (D-IL). The JOLT Act will be a key topic during the AH&LA Legislative Action Summit (LAS), April 23-24, at the Hyatt Regency Washington on Capitol Hill in Washington, D.C. The JOLT Act, originally introduced with strong bipartisan support in the 112th Congress, will expand the Visa Waiver Program (VWP), es...
Organizers of Arabian Hotel Investment Conference (AHIC 2013) Highlight Qatar’s Rapidly Growi
March 1, 2013
Hotel Online News for the Hospitality Executive Doha, Qatar 25 March 2013: The organisers of the Arabian Hotel Investment Conference (AHIC 2013) chose Doha for their third, invitation only, regional briefing this year to shed light on the growing hotel industry in Qatar. The briefing, hosted by Hilton Worldwide, was held yesterday at Hilton Doha, and attended by over 60 key industry leaders, local investors, developers and financiers. The briefing discussions focused on the performance of Qatar's hotel industry and foreseeable opportunities and challenges. Participants included Rudi Jagersbacher, President of Middle East and Africa at H...
Dubai Top Hotel Market Performance and African Countries’ Risks to be Discussed at Arabian Ho
March 1, 2013
Hotel Online News for the Hospitality Executive United Arab Emirates, 04 March 2013: The programme for the Arabian Hotel Investment Conference (AHIC) 2013, which will take place from 4 – 6 May at Madinat Jumeirah in Dubai, was announced this week. The Conference this year is held under the theme 'Connecting People, Creating Knowledge', streaming from event's core principals of bringing people together and generating valuable content for hotel investment community. The programme includes extensive participation from the top hotel investment industry professionals, who will be discussing the positive outlook of certain markets, as w...
Waterford Hotel Group Appoints Anthony Covino as General Manager of the 128-room Residence Inn by M
March 1, 2013
Hotel Online News for the Hospitality Executive MYSTIC, CT (March 4, 2013) --- Waterford Hotel Group has announced the appointment of Anthony Covino as General Manager of the Residence Inn by Marriott in Mystic, CT . Waterford Hotel Group, Inc., a national hotel management firm, professionally manages the 128-room hotel. As General Manager, Covino will oversee all operational, sales and administrative aspects of the Residence Inn Mystic. He joined Waterford in 2001 and has served in numerous capacities for the company, including Front Office Manager of the Courtyard by Marriott in Cromwell, CT, General Manager of the SpringHill Suites b...
Completing Action to Take the Company Private, China’s 7 Days Group Holdings Limited Enters into De
March 1, 2013
Hotel Online News for the Hospitality Executive GUANGZHOU, China, Feb. 28, 2013 -- 7 Days Group Holdings Limited (NYSE: SVN) ("7 Days Group" or the "Company"), a leading economy hotel chain based in China, today announced that it has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with Keystone Lodging Holdings Limited ("Holdco") (which is the party to the Merger Agreement solely for the limited purposes of Sections 2.02(c) and 2.02(e) thereof), Keystone Lodging Company Limited ("Parent"), a wholly owned subsidiary of Holdco, and Keystone Lodging Acquisition Limited ("Merger Sub"), a wholly owned subsidia...
Designed in 1817, Historic Palace Next to St. Isaac’s Cathedral Set for Rebirth as the Meticulously
March 1, 2013
Hotel Online News for the Hospitality Executive ST. PETERSBURG, Russia, March 12, 2013 -- New-built, high up in Peter's Square A corner mansion then ascended; And where its lofty perron ended Two sentry lions stood at guard like living things, And kept their ward with paw uplifted. Immortalized in Alexander Pushkin's 1833 poem The Bronze Horseman, the legendary Lion Palace is coming to life once again as a stunning new gathering place for travellers and the city's social and cultural trendsetters. Set to open in summer 2013, Four Seasons Hotel Lion Palace St. Petersburg harkens back to Russia's romantic past while setting a course for ...
Four Seasons to Debut in Spain with the 215-room Four Seasons Hotel Madrid; To be Developed through
March 1, 2013
Hotel Online News for the Hospitality Executive TORONTO, March 4, 2013 -- The portfolio of Four Seasons hotels set in historic buildings in Europe's most important cities is expanding again with the development of the Canalejas Project in Madrid, Spain. With a planned opening within the next four years, the hotel will be the company's first in Spain. "As Four Seasons continues its expansion into the world's most desirable destinations, Madrid has long been on our wish list," says Scott Woroch, executive vice president worldwide development for Four Seasons Hotels and Resorts. "With a proven track record of development success, operation...
Clarifying Misunderstandings About Intangible Assets of Hotels/ Anwar Elgonemy / February 2013
February 1, 2013
Hotel Online News for the Hospitality Executive Clarifying Misunderstandings About Intangible Assets of Hotels by Anwar Elgonemy February 2013 Introduction The actions of investors prove that the purchase of a hotel reflects the acquisition of real and tangible personal property only. A hotel investor's profit and loss statement accounts for income attributable to the business operation through the expense deduction of a management fee and franchise-related fees. When analyzing deals, one of the first things that hotel investors want to know is whether the property is "encumbered" or "unencumbered" by management and brand. Most hotel i...
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