Pegasus Solutions Reports Leisure Trips Outpaced 2011 in Fourth Quarter; December Brought +4.3% Mor
February 1, 2013
Hotel Online News for the Hospitality Executive DALLAS (February 1, 2013) – Leisure trips continued to outpace 2011 in the fourth quarter of 2012, according to data released today by Pegasus Solutions in The Pegasus View. December closed 2012 on a positive note overall for both business and leisure travel, with future hotel stays suggesting additional growth potential for both channels. Globally, leisure travel demand remained strong despite temporary regional setbacks. Over the fourth quarter of 2012, net bookings continued to grow by an average margin of +6% over 2011 as rates remained steady. In North America, December booking...
Pebblebrook Hotel Trust Names Winners of its Inaugural Pebby Awards; Property Teams Chosen for Outs
February 1, 2013
Hotel Online News for the Hospitality Executive HOLLYWOOD, Calif. - February 25, 2013 --Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today announced the winners of its first annual Pebby Awards. The Pebby Awards winners were chosen for their outstanding accomplishments in 2012, as determined by the Company. "We want to acknowledge the hard work, commitment to excellence and overall successes of our hotel management teams in 2012," noted Jon Bortz, Chairman, President and Chief Executive Officer of Pebblebrook Hotel Trust. "And while so many of our property teams were great performers, these award winners, working closely with our...
Ayres Hotels to Begin Construction on a 169-room Resort Hotel in Paso Robles, California / February
February 1, 2013
Hotel Online News for the Hospitality Executive By Julie Lynem, The Tribune (San Luis Obispo, Calif.)McClatchy-Tribune Regional News Feb. 01, 2013--A new, Tuscan-style hotel is coming to Paso Robles. Ayres Hotels, a Southern California-based company specializing in European-style boutique properties , plans to build a 169-room hotel in its first phase of development on 20 acres at Buena Vista Drive. The 150,000-square-foot Ayres Paso Robles Resort will have a farm-to-table style restaurant, and a 5,000-square-foot meeting and event space. The grounds will feature a pool, yards, an olive orchard, and an organic vegetable and fruit garde...
Marcus Corporation, Owners of the Hilton Milwaukee City Center, Closing Paradise Landing Waterpark;
February 1, 2013
Hotel Online News for the Hospitality Executive By Tom Daykin, Milwaukee Journal SentinelMcClatchy-Tribune Regional News Feb. 21, 2013--Milwaukee's Hilton hotel is closing its waterpark -- one of few such downtown waterparks in the United States -- in favor of something more "upscale and contemporary," hotel owner Marcus Corp. has announced. That indicates a bigger focus on drawing business travelers and people attending the neighboring Delta Center convention facility. The Hilton Milwaukee City Center, 509 W. Wisconsin Ave., will close its Paradise Landing waterpark on March 3. Marcus executives aren't yet saying what will replace the...
The Westin Bonaventure Hotel & Suites, the Largest Convention Hotel in Los Angeles, Selects PSA
February 1, 2013
Hotel Online News for the Hospitality Executive Long Beach, Calif. — February 5, 2013 — Recently the Westin Bonaventure Hotel & Suites in the heart of Los Angeles chose PSAV Presentation Services as their event technology partner. Based on its reputation for having the best people and event technologies in the business, PSAV® Presentation Services was selected as the onsite provider. Today the world's leading supplier of audiovisual services and event technologies to hotels, associations, producers and meeting planners worldwide is equipping L.A.'s largest convention hotel with audiovisual, rigging, power distributio...
PSAV and BrainStrength Systems Offer White Paper Detailing the Effect Audiovisual Technologies has
February 1, 2013
Hotel Online News for the Hospitality Executive LONG BEACH, Calif. — February 12, 2013 —Meeting professionals have long known that the more positive an attendee's experience, the greater the chance for meeting success. PSAV® Presentation Services believes few meeting elements have a greater impact on the attendee experience than the meeting's audiovisual support. To scientifically support this claim, PSAV teamed with BrainStrength Systems™ to produce a White Paper that details just that. Audiovisual Technologies and Adult Learning in Meetings is now available from PSAV to help event planners better understand how a...
Hyatt Hotels Opens the 269-key Park Hyatt Busan in Korea / February 2013
February 1, 2013
Hotel Online News for the Hospitality Executive CHICAGO (February 26, 2013) – Hyatt Hotels Corporation (NYSE:H) announced today the official opening of Park Hyatt Busan, the tenth Park Hyatt property in Asia Pacific and the second Park Hyatt hotel in Korea following Park Hyatt Seoul. As the second largest city in Korea, Busan is one of the most well-known international hubs for Northeast Asia, with a thriving interchange of trade and tourism. Strategically placed in an area of global cultural exchange, Park Hyatt Busan creates a new high-end segment for luxury hotels – offering a comfortable, premier, luxury service suitable...
Pebblebrook Hotel Trust Reports Q4 and Full 2012 Yearly Results: Qrtly Net Income of $2.6 million D
February 1, 2013
Hotel Online News for the Hospitality Executive BETHESDA, Md.--(February 21, 2013)--Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today reported results for the fourth quarter and year ended December 31, 2012. The Company's results include the following: Fourth Quarter Full Year 2012 2011 2012 2011 ($ in millions except per share and RevPAR data) Net income to common shareholders $2.6 $3.5 $8.3 $4.4 Net income per diluted share $0.04 $0.07 $0.14 $0.08 Pro forma RevPAR $177.93 $168.24 $173.82 $160.81 Pro forma Hotel EBITDA $36.0 $34.2 $126.6 $107.8 Pro forma Hotel EBITDA Margin 27.5% 27.0% 27.4% 24.8% Adjusted EBITDA(1) $31.9 $28.1...
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