Marriott International Announces a Joint Venture With Cendant Corporation

WASHINGTON, March 1 /PRNewswire-FirstCall/ — Marriott International, Inc. (NYSE: MAR) today announced the formation of a joint venture with Cendant Corporation (NYSE: CD). The joint venture, which will be managed and controlled by Cendant, will license the trademarks for Days Inn and Ramada in the United States. Marriott's contribution of the U.S. Ramada marks and … Read more

Millennium Partners Garners Hospitality Industry Deal of Year

NEW YORK–(BUSINESS WIRE)–June 5, 2001– Developer Wins for Ambitious Construction of Five Next Generation Ritz-Carlton Hotels in New York, Boston, Washington, DC, Plus Restoration of Historic Ritz-Carlton, Boston $400 Million Acquisition Financing Backs $300 Million Equity Investment by Millennium & Its Partners For Millennium Partners, constructing and financing a portfolio of six Ritz-Carlton Hotels in … Read more

Flagstone Hospitality Management LLC Announces General Manager and Director of Sales Leader of the Year Awards Winners

MEMPHIS, Tenn., March 11, 2002—Flagstone Hospitality Management LLC today announced the first recipients of its Flagstone Hospitality Kudo for 2001 General Manager and Director of Sales Leader of the Year Awards. Bob Ducharme of the 169-room Holiday Inn Southwest-Louisville in Kentucky was named the General Manager Leader of the Year recipient. The Director of Sales … Read more

LaPlaya Beach & Golf Resort Unveiled After Nine Months of Anticipation And a Multimillion-Dollar Transformation

NAPLES, Fla., Jan. 15 /PRNewswire/ — LaPlaya Beach & Golf Resort, a Noble House Resort, will reopen today after an extensive $45 million renovation and construction project. The comprehensive renovation has transformed this local landmark into a luxurious, 189-room boutique resort located directly on the picturesque Gulf of Mexico. Together with an all new championship … Read more

Choice Considers Sale of its Majority Stake in Friendly Hotels

June 22, 2001 – HVS International Choice Hotels International is considering the sale of its 70% stake in Friendly Hotels, the company which holds the European franchise for Choice Hotels Europe and runs over 500 Quality Inn, Comfort Inn, Sleep Inn and Clarion Hotels. Choice is understood to have received a number of approaches from … Read more

Europe’s Largest Hotel Deal in 2001 – Hotel Arts Barcelona Sold

London, 20th December 2001 — The Hotel Arts complex in Barcelona has been sold, representing Europe’s largest single-asset hotel transaction in 2001. London-based Deutsche Bank AG’s Real Estate Private Equity group, together with Patron Capital Partners and a number of undisclosed co-investors have acquired the Hotel Arts complex from a Dutch-based holding company. The complex … Read more

John Q. Hammons Hotels, L.P. Announces Cash Tender Offer for First Mortgage Notes

SPRINGFIELD, Mo.–(BUSINESS WIRE)–April 22, 2002–John Q. Hammons Hotels, L.P. today announced its cash tender offers to purchase its outstanding 8-7/8% First Mortgage Notes due 2004 and 9-3/4% First Mortgage Notes due 2005. The Company is also soliciting waivers of the indentures and collateral documents governing the Notes to permit a proposed refinancing. The tender offer … Read more