Orient-Express Hotels Ltd. (NYSE: OEH\) announced today the acquisition of the El Encanto Hotel and Garden Villas in Santa Barbara, California for $26 million.
(SYDNEY) 30 September, 2002 Six Continents Hotels is expanding its Crowne Plaza portfolio with the re-branding of Parkroyal Darling Harbour and Parkroyal Parramatta on 30 September 2002. The re-brandings will bring the total number of Crowne Plaza hotels in Australia, New Zealand and South Pacific to 10. Both hotels are significant additions to the … Read more
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
PARADISE ISLAND, The Bahamas–(BUSINESS WIRE)–Sept. 12, 2002– Kerzner International Limited (NYSE:KZL) announced the closing of its previously announced acquisition, through an affiliated entity, of a 50% interest in the 115-room Palmilla Resort, a deluxe five-star property located near Cabo San Lucas in Baja, Mexico that also owns and operates a 27-hole Jack Nicklaus-designed golf course. … Read more
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
PARSIPPANY, N.J., May 28 Cendant Corporation's hotel group today announced it will introduce a best available rate guarantee next month that promises to provide online customers with the lowest rates available anywhere on the Internet for its Days Inn(R), Super 8(R), Ramada(R), Travelodge(R), Howard Johnson(R), Knights Inn(R), Villager, Wingate Inn(R) and AmeriHost Inn(R) hotel brands. … Read more
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
SILVER SPRING, Md.–(BUSINESS WIRE)–July 1, 2002–Choice Hotels International, Inc., (NYSE:CHH) today announced it has acquired controlling interest in Melbourne-based Flag Choice Hotels, its franchising partner in Australia. By acquiring the controlling interest in Flag Choice Hotels, we will be able to implement a comprehensive business plan designed to improve franchise services, enhance marketing programs, and … Read more
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.
WASHINGTON, D.C.–(BUSINESS WIRE)–Dec. 18, 2001–MeriStar Hospitality Corporation (NYSE: MHX), the nation's third largest hotel real estate investment trust (REIT), today announced that it had amended its senior secured credit facility to provide more flexibility with certain financial covenants and allow the company the option to extend the maturity of the revolver from August 2002 until … Read more