Six Continents Hotels Accelerates Investment

[LONDON. 23 May 2002] [LON & NYSE: SXC] Six Continents Hotels, the world’s most global hotel company today announced its six monthly financial interim results with updates on major investment around the world to take full advantage of the upturn. Six Continents Hotels owns, manages, leases or franchises leading hotel brands including Inter-Continental Hotels and … Read more Six Continents Hotels Accelerates Investment

Cendant Completes Acquisition of Equivest Finance for Approximately $100 Million in Cash

NEW YORK, and GREENWICH, Conn., Feb. 11 /PRNewswire-FirstCall/ — Cendant Corporation (NYSE: CD) today announced it has completed its acquisition of Equivest Finance, Inc. (Nasdaq: EQUI) for approximately $100 million in cash. Cendant will also assume approximately $60 million of Equivest corporate debt. Equivest, which markets and sells vacation ownership interests, will be integrated into … Read more Cendant Completes Acquisition of Equivest Finance for Approximately $100 Million in Cash

ShoLodge Authorizes Use of Up to an Additional $3.0 Million for Repurchase of Common Stock

HENDERSONVILLE, Tenn.–(BUSINESS WIRE)–Nov. 9, 2001–ShoLodge, Inc. (Nasdaq/NM:LODG) today announced that the Board of Directors has authorized the use of up to $3.0 million for the repurchase of additional shares of ShoLodge's common stock. The purchases, including block purchases, are to be made from time to time in the open market at prevailing market prices, or … Read more ShoLodge Authorizes Use of Up to an Additional $3.0 Million for Repurchase of Common Stock

Security Capital Sells Homestead Village To Blackstone Affiliate For $740 Million

CHICAGO, Nov. 20 /PRNewswire/ — Security Capital Group Incorporated (NYSE: SCZ) announced today that it has sold Homestead Village, its extended-stay lodging company, to an affiliate of Blackstone Real Estate Advisors for a total value of $740 million. The consideration received in the transaction includes $480 million in cash, the assumption of $145 million of … Read more Security Capital Sells Homestead Village To Blackstone Affiliate For $740 Million

Thomas W. Higgins Appointed President of Days Inns Worldwide

PARSIPPANY, N.J. (Jan. 31, 2002) – Cendant Corporation's Hotel Division today announced the appointment of industry veteran Thomas W. Higgins as Days Inns Worldwide president & chief executive officer, replacing Joseph R. Kane Jr., who was promoted to Hotel Division group president & chief executive officer in November 2001 and had been leading the brand … Read more Thomas W. Higgins Appointed President of Days Inns Worldwide

HSMAI PRESENTS AL BARD AWARD TO NORA CONWAY

WASHINGTON, DC (Nov. 14, 2001) – The Hospitality Sales & Marketing Association International (HSMAI) presented the 2001 Al Bard Award to Nora Conway, project manager, Interactive Marketing at Irma S. Mann, Strategic Marketing, Inc. (ISM). This distinguished award recognizes an individual’s contributions made on behalf of the HSMAI Adrian Advertising, Golden Bell Public Relations Awards … Read more HSMAI PRESENTS AL BARD AWARD TO NORA CONWAY

RFS Hotel Investors Announces Revised Dividend Record Date of February 7, 2002

MEMPHIS, Tenn.–(BUSINESS WIRE)–Feb. 1, 2002–RFS Hotel Investors, Inc. (NYSE:RFS) yesterday declared a first quarter dividend of $0.25 per share payable on February 15, 2002 to shareholders of record on February 5, 2002. The Company today announced that it is moving the dividend record date to February 7, 2002. The payment date remains February 15, 2002.

Best Western Relaunches Frequent Guest Program with Global Room Night Awards

PHOENIX–(BUSINESS WIRE)–Feb. 12, 2002–The World's Largest Hotel Chain(TM), Best Western International is relaunching its frequent guest program, Gold Crown Club International with enhanced features that make the program more popular and easier to use for members throughout the world. The highlight of the enhanced program is the addition of a free global room night award. … Read more Best Western Relaunches Frequent Guest Program with Global Room Night Awards

ResortQuest International Reports Fourth Quarter and Year-ended 2001 Financial Results

MEMPHIS, Tenn.–(BUSINESS WIRE)–Feb. 19, 2002– – Fourth Quarter Revenues Ahead of Previous Guidance – – Booking Trends Continue To Improve – ResortQuest International, Inc. (NYSE:RZT), the world's largest vacation rental property management company, today announced revenues and earnings, in line with previous guidance, for the fourth quarter and year-ended December 31, 2001. Consistent with the … Read more ResortQuest International Reports Fourth Quarter and Year-ended 2001 Financial Results