IH&RA identifies new world challenges in 2nd Annual Hospitality and Foodservice Technology Summit

Paris, 14 2002 – A Summit on Hospitality and Foodservice Technology convened by the International Hotel & Restaurant Association (IH&RA) gathered top marketing and information technology executives to discuss priorities and action steps for the coming years in response to the many events of the past year. The full day discussion, held during HOSTEC-EURHOTEC Exhibition … Read more IH&RA identifies new world challenges in 2nd Annual Hospitality and Foodservice Technology Summit

Vail Resorts Announces Fiscal 2002 Second Quarter And Six Month Results

Vail Resorts Announces Fiscal 2002 Second Quarter And Six Month Results – FY 2002 second quarter Resort EBITDA better than same quarter last year by 8.6% – FY 2002 second quarter Real Estate NOI better than same quarter last year by 171.5% – FY 2002 second quarter EPS better than same quarter last year by … Read more Vail Resorts Announces Fiscal 2002 Second Quarter And Six Month Results

Cendant’s Hotel Group Names Vice President of Worldwide Sales

PARSIPPANY, N.J. (March 12, 2002) – Cendant Corporation’s hotel group today announced the appointment of Tim S. Hamid as vice president of Worldwide Sales to oversee the Business Travel Sales, Travel Industry Sales, Government Sales, Tour Sales, Member Benefits and International Sales teams. Hamid, a 30-year veteran of sales, marketing and customer development in the … Read more Cendant’s Hotel Group Names Vice President of Worldwide Sales

Crestline Announces the Closing of the Sale of its Senior Living Community Portfolio

BETHESDA, Md., Jan. 11 /PRNewswire/ — Crestline Capital Corporation (NYSE: CLJ) announced that it has closed on the previously announced sale of its portfolio of 31 senior living communities to Senior Housing Properties Trust (NYSE: SNH), a real estate investment trust (REIT) based in Newton, Massachusetts. Total consideration for the transaction was $600 million. The … Read more Crestline Announces the Closing of the Sale of its Senior Living Community Portfolio

Bass Hotels & Resorts Becomes Six Continents Hotels

Bass Hotels & Resorts (BHR) today changed its name to Six Continents Hotels. The change, reflecting the Company’s ever-expanding reach in the global hotel business, has been made in conjunction with the global re-branding of Bass PLC to Six Continents PLC. Signifying the final departure for the Group from it’s brewing origins following last year’s … Read more Bass Hotels & Resorts Becomes Six Continents Hotels

Interstate Hotels & Resorts, Inc. Announces Closing of Public Offering

Interstate Hotels & Resorts, Inc. [NYSE: IHR] , the nation's largest independent hotel management company, today announced the closing of its offering of 8,500,000 shares of common stock, par value $0.01 per share, at a price per share of $5.25. An additional 500,000 shares were sold by selling stockholders. The net offering proceeds to Interstate of approximately $42.3 million will be used to repay indebtedness under its senior credit facility.

UniFocus Releases New Flexible Budget System

CARROLLTON, TX — UniFocus, a knowledge and performance management company for service industries, recently launched Watson, R.M. Budgeter, the hospitality industry’s only flexible budget system. “Watson, R.M. Budgeter protects against profit erosion by giving clients a powerful tool for analyzing revenue and cost trends,” said Mark Heymann, chief executive officer of UniFocus, adding, “The key … Read more UniFocus Releases New Flexible Budget System

Hilton HHonors and Ashford Have Wish Lists Covered with Online Holiday Gift Site; Members Earn Bonus Points on Discounted Merchandise

This year, business travelers won't have to worry about braving the mall or shopping in crowded stores when the hectic holiday shopping season draws near. Instead, Hilton HHonors(R) members are invited to shop at www.ashford.com/hhonors and receive a minimum of 15 percent off the retail price of all items, in addition to 10 HHonors bonus … Read more Hilton HHonors and Ashford Have Wish Lists Covered with Online Holiday Gift Site; Members Earn Bonus Points on Discounted Merchandise

Janus Hotels and Resorts, Inc. Announces Completion of Short-Term Refinancing of Four Hotel Properties

BOCA RATON, Fla.–(BUSINESS WIRE)–Aug. 8, 2002–Janus Hotels and Resorts, Inc. (Nasdaq:JAGI), a Florida-based hospitality company, announced today that it has completed a short-term refinancing of four hotel properties which it owns in the vicinity of Cleveland, Ohio; the Holiday Inn, Independence, the Holiday Inn, Hudson, the Holiday Inn, North Canton and the Comfort Inn, Akron. … Read more Janus Hotels and Resorts, Inc. Announces Completion of Short-Term Refinancing of Four Hotel Properties

Host Marriott Announces New Credit Facility

BETHESDA, Md., June 14 /PRNewswire-FirstCall/ — Host Marriott Corporation (NYSE:HMT), today announced that it successfully completed the syndication of a new bank credit facility replacing its prior credit line. The new credit facility provides the Company with an aggregate revolving loan commitment amount of up to $400 million. The new facility is led by Deutsche … Read more Host Marriott Announces New Credit Facility