The Marcus Corporation Reports Increased Third Quarter Revenues and Earnings – Lodging Performance Improves

MILWAUKEE–(BUSINESS WIRE)–March 21, 2002–The Marcus Corporation (NYSE: MCS) today reported a significant improvement in results for the third quarter of fiscal 2002 ended February 28, 2002. Net earnings and earnings from continuing operations were $1,517,000 or $0.05 per share for the third quarter of fiscal 2002, an increase from net earnings of $341,000 or $0.01 … Read more

Equity Inns, Inc. Announces Closing of Common Stock Offering

MEMPHIS, Tenn.–(BUSINESS WIRE)–March 28, 2002–Equity Inns, Inc. (NYSE: ENN) announced today the closing of a public offering of 3,565,000 shares of common stock, including the full exercise by the underwriter of the over-allotment option of 465,000 shares of the company's common stock. Net proceeds received by the company from the offering were approximately $27.0 million. … Read more

Choice Board Authorizes Five Million Share Repurchase

SILVER SPRING, Md., (February 8, 2001) — Choice Hotels International, Inc. (NYSE: CHH) today announced that its Board of Directors has authorized an increase under the Company's existing stock repurchase program to repurchase up to an additional five million shares of its outstanding common stock. Choice expects to repurchase shares from time to time in … Read more

Larkspur Hospitality Company Looks To Build, Grow In Soft Travel Market

Larkspur Hospitality Company (LHC) announced today that it is eager to continue its fast growth pace even in this time of economic softness. LHC's growth plan is focused on building and acquiring hotels, as well as taking on management contracts of existing properties. We have over $100 million of committed growth capital and we're looking … Read more

Sunstone Hotels Partners With American Express to Charge for the Cure

SAN CLEMENTE, Calif., Aug. 31 /PRNewswire/ — Sunstone Hotel Investors, L.L.C. will partner with American Express in the Charge for the Cure campaign, September 1, 2001 through October 31, 2001. During these months American Express will donate one cent for every American Express charge made at any one of Sunstone's 53 hotels. All of Sunstone's … Read more

Accor Uncorks New Vintage Novotel

31 October, 2000: Accor is to add its Novotel Resort branding to the Barossa Valley's pioneering resort, and aims to build on the region's reputation as one of the world's premier wine tourism destinations. The All Seasons Premier Barossa Valley will be rebranded tomorrow (1 November) as the Novotel Barossa Valley Resort. It joins a … Read more

Embassy Suites Hotels Survey Uncovers Travel Personality Types

MEMPHIS, Tenn., Nov. 1 /PRNewswire/ — Room service, Pay-Per-View movies and private sitting areas or hotel restaurant dining, drinks at the hotel bar and sight-seeing between meetings. Men and women today have different needs and desires when it comes to personal space while traveling, according to Embassy Suites Hotels. The brand recently commissioned a proprietary … Read more

MeriStar Hotels & Resorts Reports Third-quarter Results

WASHINGTON–(BUSINESS WIRE)–Nov. 6, 2000– Completes Agreement to Convert MeriStar Hospitality REIT Leases to Management Contracts MeriStar Hotels & Resorts (NYSE: MMH), the nation's largest independent hotel management company, today announced results for the third quarter ended September 30, 2000. Additionally, the company reported that it had completed an agreement with MeriStar Hospitality (NYSE: MHX), a … Read more

Smith Travel Research Announces Preliminary October 2000 USA Lodging Industry Performance

November 8, 2000 Smith Travel Research (STR) – the global leader in lodging industry performance tracking and benchmarking – announced preliminary October 2000 figures for the U.S. lodging industry today. Preliminary figures suggest that October 2000 U.S. industry occupancy will be flat to down versus October 1999. October revenue per available room (RevPar) growth continued … Read more