ATLANTA, Aug. 21 /PRNewswire/ — Homestead Studio Suites Hotels, owner of more than 100 extended-stay hotels in 28 states, today announced the acquisition of the Dallas North Hawthorn Suites from an independent owner. Terms of the acquisition were undisclosed. The 112-room all-suite hotel is Homestead's first conversion since the company's inception in 1992. The development … Read more Homestead Studio Suites Acquires Dallas Hawthorn Suites; Brand Looking for Additional Conversion Opportunities
WHITE PLAINS, N.Y.–(BUSINESS WIRE)–July 30, 2002–Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that it has signed an exclusive letter of intent to sell its assets in Sardinia, Italy to a consortium of Italian investors for EUR 350 million, subject to regulatory approvals and final adjustments. The transaction is scheduled to close during … Read more Starwood Announces Sale of Certain CIGA Assets
PARSIPPANY, N.J. (May 29, 2002) – Days Inn hotels next month will launch a summer promotion offering guests 25 percent savings on room rates, a sweepstakes with a $10,000 cash prize and discounts on airline tickets, car rentals and restaurants. To enter the sweepstakes, guests who stay at participating Days Inn® hotels throughout the United … Read more Days Inn Summer Trivia Contest Winner to Receive $10,000
The purpose of the hotel franchise fees guide, Part II, is to provide a detailed analysis of what types of miscellaneous costs are associated with the various hotel franchise companies, states Rushmore.
NEW YORK and HONOLULU, Aug. 23 /PRNewswire/ — Cendant Corporation (NYSE: CD) and Cheap Tickets, Inc. (Nasdaq: CTIX) announced that Diamondhead Acquisition Corporation, a wholly owned subsidiary of Cendant, is commencing today a cash tender offer for all of the outstanding shares of common stock of Cheap Tickets at a price of $16.50 per share. … Read more Cendant Corporation Commences Tender Offer For All of the Outstanding Shares of Cheap Tickets, Inc. Common Stock at $16.50 Per Share
October 27, 2000 Smith Travel Research (STR) announced third quarter and September year-to-date 2000 results for the U.S. lodging industry today. Industry occupancy reached 69.7 percent in the third quarter of 2000, an increase of 0.3 percent versus third quarter 1999. Average room rate grew 5.4 percent to $85.40. Revenue per available room (REVPAR) — … Read more Smith Travel Research Announces Third Quarter 2000 U.S. Lodging Industry 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 MeriStar Hotels & Resorts Reports Third-quarter Results
NEW YORK, May 12 (Reuters) – Hospitality Properties Trust (NYSE:HPT), a real estate investment trust that owns U.S. hotels, on Monday said it has terminated Wyndham International Inc.'s (AMEX:WBR) occupancy and operations of 12 Wyndham hotels after Wyndham failed to pay rent due under certain leases.
Worldwide Restaurant Concepts, Inc. (NYSE: SZ) announced that it has entered into a joint venture agreement with the Minor Food Group Pcl, a subsidiary of Royal Garden Resorts Pcl, to develop franchise opportunities for Sizzler restaurants in China.
NORWALK, Conn.–(BUSINESS WIRE)–Sept. 5, 2002–HEI Hospitality today announced that it has acquired the Hilton Orlando/Altamonte Springs, Fla. The property was purchased for approximately $22 million from Duluth, Ga.-based Southern States Management Company. HEI acquired the hotel in a joint venture with Prudential Real Estate Investors, which has more than $11 billion of real estate assets … Read more HEI Hospitality Acquires Hilton Orlando/Altamonte Springs, Fla.; Property to Undergo $2 Million Renovation