With No Other Bidders at Foreclosure Auction Florida’s 963-room Hyatt Regency Jacksonville Riverfro
March 1, 2013
Hotel Online News for the Hospitality Executive By Roger Bull, The Florida Times-Union, JacksonvilleMcClatchy-Tribune Regional News March 15, 2013--Hyatt Regency Jacksonville Riverfront is going back to the lenders who are owed $195 million. Because no one else bid for it at Wednesday's foreclosure auction, the 963-room hotel in downtown Jacksonville will be transferred to a group of lenders who won the judgment in 2011. But Dan King, manager of the hotel, said the change in ownership won't affect operations because Hyatt has a long-term contract to manage it. "We run the hotel," he said. "Whether it's owned by the previous owners or t...
Hospitality Properties Trust Reports 2012 Fourth Quarter and Year End Results; 4th Qtr Net Income o
March 1, 2013
Hotel Online News for the Hospitality Executive NEWTON, Mass.--(March 1, 2013)--Hospitality Properties Trust (NYSE: HPT) today announced its financial results for the quarter and year ended December 31, 2012. Results for the Quarter Ended December 31, 2012: Normalized funds from operations, or Normalized FFO, for the quarter ended December 31, 2012 were $93.9 million, or $0.76 per share, compared to Normalized FFO for the quarter ended December 31, 2011 of $96.8 million, or $0.78 per share. Net income available for common shareholders was $18.5 million, or $0.15 per share, for the quarter ended December 31, 2012, compared to $30.7 milli...
HITEC 2013 to Tackle Cyber Security and Digital Money in Keynote Sessions; Agenda Set for the Confe
March 1, 2013
Hotel Online News for the Hospitality Executive Austin, Texas, USA (March 19, 2013) – The first woman to ever hold the position of White House Chief Information Officer, Theresa Payton will lend advice to CIOs and CSOs on protecting digital assets at the opening session of the 2013 Hospitality Industry Technology Exposition and Conference (HITEC®). Payton will speak to HITEC 2013 attendees on Monday, June 24 at the Minneapolis Convention Center in Minneapolis, Minn. In addition, HITEC has scheduled two other keynote sessions featuring experts highlighting current business trends and practices. Having administered the informati...
IHG to Develop the 249-room Holiday Inn Frankfurt Hauptbahnhof in Germany; To Operate Under a Manag
March 1, 2013
Hotel Online News for the Hospitality Executive March 21, 2013 - IHG (InterContinental Hotels Group), one of the world's leading hotel companies, today announced the signing of the Holiday Inn Frankfurt Hauptbahnhof, one of the first Holiday Inns in Germany to feature the brand's new 'Open Lobby' concept. The 249-room property is due to open in early 2015 and will operate under a managed contract in partnership with UBM. Union Investment acquired the project development for its open-ended real estate fund 'UniImmo: Deutschland'. The hotel is ideally located for business and leisure travellers, who will find themselves walking distance f...
IHG Signs MDA to Develop 15 New Holiday Inn Express Hotels in Russia by 2019; Agreement with Region
March 1, 2013
Hotel Online News for the Hospitality Executive 5 March 2013 - IHG (InterContinental Hotels Group), one of the world's leading global hotel companies, has signed a franchise multiple development agreement (MDA) with Regional Hotel Chain, a portfolio company of VIY Management (VIYM) to develop 15 new hotels in Russia by 2019, which, when open, will double the size of IHG's estate there as it stands today, and will introduce the Holiday Inn Express brand to the region for the first time. The 15 new Holiday Inn Express hotels will add approximately 2,250 rooms, when signed, to IHG's current Russia development pipeline of over 1,700 rooms (...
The 120-room Holiday Inn Express Veracruz Boca del Rio Opens in Veracruz, Mexico; The New-Build Hot
March 1, 2013
Hotel Online News for the Hospitality Executive Boca del Río, Veracruz, Mexico - March 13, 2013 - IHG (InterContinental Hotels Group) [LON: IHG, NYSE: IHG (ADRs)], one of world's leading global hotel companies, and Grupo Hotelero Latinoamérica, announce the opening of the Holiday Inn Express® Veracruz Boca del Rio. This is the sixth IHG-branded hotel in this region; previously opened IHG-branded hotels in Veracruz include two Crowne Plaza® hotels, three Holiday Inn® hotels and a Hotel Indigo® boutique hotel. "Veracruz is a strong and diverse destination with robust demand, which is a tremendous growth oppor...
The 110-room Holiday Inn Express Romulus/Detroit Metro Airport Opens in Michigan Following Multimil
March 1, 2013
Hotel Online News for the Hospitality Executive ATLANTA - March 18, 2013 – IHG® (InterContinental Hotels Group) [LON: IHG, NYSE: IHG (ADRs)], one of the world's largest hotel companies, announces the opening of the new Holiday Inn Express® Romulus/Detroit Metro Airport, less than a mile from Detroit Metropolitan Wayne County Airport, and less than 30 minutes from the downtown business district. The new hotel opens following a multimillion dollar remodeling that included renovations to each of its 110 guest rooms and the addition of a new business center, exercise room and guest laundry. Located at 7680 Merriman Rd. at Inte...
The 184-room Holiday Inn Express Philadelphia E – Penn’s Landing Opens in Pennsylvania Follow
March 1, 2013
Hotel Online News for the Hospitality Executive ATLANTA - March 8, 2013 - IHG (InterContinental Hotels Group) [LON: IHG, NYSE: IHG (ADRs)] one of the world's leading global hotel companies announces the opening of the new Holiday Inn Express® Philadelphia E - Penn's Landing, within walking distance of Philadelphia's historic district and downtown. The new Holiday Inn Express hotel opens following a $4 million conversion that includes renovations to each of the 184 guest rooms, a fully remodeled lobby, a new business center and an exercise room. Located at 100 N. Christopher Columbus Blvd. in the Penn's Landing waterfront area, the 1...
1
Technology
2
Appointments/People on the Move
3
Operations
4
Industry Happenings
5
All Things Independent