Hotel Assets Group Closes 5 Hotels in January / February 2013
February 1, 2013
Hotel Online News for the Hospitality Executive ATLANTA – February 4, 2013 – Hotel AG announced today the firm closed 5 hotel transactions in the month of January. The brands represented included a Courtyard, Hawthorn Suites, Clarion, La Quinta and an independent bank-owned hotel. The properties are located in the North West, South Central, Mountain Region and Florida. The clients represented included LNR, US Bank, a regional lender and a private seller. For the trailing 12 months ending January 2013, Hotel AG has closed 79 separate hotel transactions. 40 of the 79 closings were the upper tier, select service brands Hilton,...
Hotel Association of Canada Releases 2013 Travel Intentions Survey Results; Canadian Business and L
February 1, 2013
Hotel Online News for the Hospitality Executive Feb. 20, 2013 - Ottawa – The latest results from the 2013 HAC Canadian Travel Intentions Survey show that business and leisure travel is projected to be up two per cent in 2013. Eighty-two percent of business travellers said they would be doing more or the same amount of business travel in Canada in 2013 as they did in 2012 with the highest percentage coming from Ontario. Eighty-four percent of leisure travellers said they will be travelling more or the same for vacation this year. While overall, leisure travel has increased slightly, 34 percent of respondents from BC said they would...
Hyatt Hotels Reports 4th Qrt. 2012 Net Income of $16 million Compared to $52 million Same Period La
February 1, 2013
Hotel Online News for the Hospitality Executive CHICAGO--February 13, 2013--Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported fourth quarter 2012 financial results as follows: Adjusted EBITDA was $147 million in the fourth quarter of 2012 compared to $143 million in the fourth quarter of 2011, an increase of 2.8%. Net income attributable to Hyatt was $16 million, or $0.09 per share, during the fourth quarter of 2012 compared to net income attributable to Hyatt of $52 million, or $0.31 per share, in the fourth quarter of 2011. Adjusted for special items, net income attributable to Hyatt was $33 million, or ...
Guy Harvey Outpost Resort Planned for Galapagos Islands; $8 million Project to be First New Propert
February 1, 2013
Hotel Online News for the Hospitality Executive By Hannah Sampson, The Miami HeraldMcClatchy-Tribune Regional News Feb. 16, 2013--Guy Harvey's brand is heading to the Galapagos. The marine artist and conservationist announced this week that his Fort Lauderdale-based hotel company has partnered with two groups in the famed archipelago to open a brand new lodge and add his name to an existing boutique. "The mission of our company is to promote sustainable tourism in unique marine ecosystem environments," said Mark Ellert, co-founder and president of Fort Lauderdale-based Guy Harvey Outpost Resorts. "The Galapagos is probably without a do...
Gurgaon Emerges as a RevPAR Leader in India’s Luxury Hotel Segment; 2012 RevPar Posted 22% and 27%
February 1, 2013
Hotel Online News for the Hospitality Executive February 25, 2013 - Gurgaon, New Delhi's flourishing satellite city, is today one of the country's most promising hospitality markets. Currently, Gurgaon's existing branded inventory stands at above 4,000 rooms, with a planned pipeline of over 4,500 rooms. Of these, over 50 percent are mid-scale and budget supply. Virtually all domestic and international hotel operators aspire for representation in Gurgaon, if they are not already present. Backed by a strong corporate and industrial base, the Gurgaon hospitality market has consistently demonstrated strong performance. It has gradually emer...
Boomerang Hotels Opens the 43-room GuestHouse International Swiss Holiday Resort in Eureka Springs,
February 1, 2013
Hotel Online News for the Hospitality Executive (Hendersonville, Tennessee, February 20, 2013) – Boomerang Hotels announces the opening of the newest GuestHouse International® Hotel in Eureka Springs, Arkansas. Located at 2015 East Van Buren, the Eureka Springs GuestHouse International Swiss Holiday Resort is a 43 room mid scale property owned and operated by Cam Hospitality, Inc. As a part of the Boomerang Hotels Organization, the newly converted Eureka Springs Swiss Holiday Resort will be able to keep their unique identity while receiving customized support from their assigned Boomerang Franchise Service Manager. Boomerang w...
Econo Lodge Hotels to be the First National Economy Hotel Chain to Promote Green Practices Across a
February 1, 2013
Hotel Online News for the Hospitality Executive SILVER SPRING, Md., Feb. 20, 2013 -- Econo Lodge hotels, franchised by Choice Hotels International, one of the world's largest hotel companies, today announced it will be the first national economy hotel chain to promote Green practices across an entire lodging portfolio. All Econo Lodge hotels in the U.S. will implement the Choice Hotels Room to be Green (RTBG) program in 2013. The program is designed to reduce environmental impact and waste, meet the changing expectations of today's environmentally conscious guests and potentially lower operational expenses, (including energy and water c...
The Secret is Out: Grand Pacific Resort Management No Longer ‘Best Kept Secret’ in Timeshare Manage
February 1, 2013
Hotel Online News for the Hospitality Executive CARLSBAD, CA (February 26, 2013) –Grand Pacific Resort Management (GPRM) is no longer the "best kept secret" in timeshare management. The Carlsbad, CA company, one of the oldest and largest vacation ownership companies based in California, has been selected by three more resorts to manage their timeshare properties: Hanalei Bay Resort in Princeville, HI, Banff Gate Mountain Resort in Alberta, Canada, and Channel Island Shores in Oxnard, CA. The addition of more resorts in Hawaii, California, and Canada comes as the direct result of owners and exchangers who have recommended GPRM to t...
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