WASHINGTON, May 22 Marriott International, Inc. (NYSE:MAR) Chairman and CEO J.W. Bill Marriott, Jr. will join Washington, D.C., civic officials today to honor 10 area public elementary school students with college scholarships. While Bill Marriott gives out the 10 Who Are 10 awards at the JW Marriott Hotel in D.C., thousands of fellow associates around … Read more
CORINTH, Texas–(BUSINESS WIRE)–Dec. 18, 2001– Services to Continue Uninterrupted Under CoServ's New Ownership CoServ Realty Holdings, L.P., has appointed Quorum Hotel Advisors, LLC (QHA) as its asset manager for The Westin Beechwood – Fort Worth Hotel and The Creeks at Beechwood golf course. Our primary objective is to bring stability to these properties. We also … Read more
Stephen Rushmore, president and founder of HVS International, the leading global hospitality consulting and hotel appraisal firm, has recently published the 2001 Franchise Fees Analysis Guide – a survey of the fees charged by the major hotel franchisors in the economy, mid-rate, and first-class market segments. This guide enables hotel owners to easily compare the … Read more
SILVER SPRING, Md.–(BUSINESS WIRE)–April 22, 2002–Choice Hotels International, Inc. (NYSE:CHH) today announced that it has named franchise sales veteran Ron Burgett to head up a new initiative aimed at selling its economy Econo Lodge and Rodeway Inn brand franchises. We determined that a focused sales effort, led by one of our top franchise sales professionals, … Read more
BOSTON, Oct. 26 /PRNewswire/ — Boston Properties, Inc. (NYSE: BXP), a real estate investment trust, announced today the sale of 15 million shares of Common Stock at $39.0625 per share, resulting in net proceeds to the Company of approximately $556 million after commissions and expenses. Goldman, Sachs & Co. and Morgan Stanley Dean Witter acted … Read more
HONG KONG, July 30 /PRNewswire/ — Celebrated in their home markets, five of Asia's most respected hotel operators — Dusit Hotels & Resorts in Thailand, Landis Hotels & Resorts in Taiwan, the Marco Polo Hotel Group in Hong Kong, Meritus Hotels & Resorts in Singapore and New Otani Hotels in Japan — have joined together … Read more
NEW YORK Donald J. Trump signed a binding contract to acquire the Hotel Delmonico in Midtown Manhattan, according to Sonnenblick-Goldman Company, which served as exclusive advisor to the seller. Sonnenblick-Goldmans international marketing effort secured 12 binding proposals from highly qualified buyers, according to Mark Gordon, head of the firms International Lodging and Leisure Group. … Read more
TORONTO–(BUSINESS WIRE)–Nov. 8, 2000–Four Seasons Hotels Inc. (NYSE:FS) (TSE:FSH.) today reported its results for the third quarter ended September 30, 2000. Net earnings increased 13.5 % to $23.1 million ($0.67 basic earnings per share) for the three months ended September 30, 2000, as compared to net earnings of $20.3 million ($0.60 basic earnings per share) … Read more
PARSIPPANY, N.J. (Jan. 6, 2002) Ramada Franchise Systems Inc., a unit of Cendant Corporation (NYSE:CD) that currently operates the Ramada franchise system in the United States, has completed its acquisition of rights to franchise Ramada hotels in Canada.
Frankfurt / Main, August 18, 2003. Since May of this year, SRS-WORLDHOTELS has expanded its portfolio by eight, signing new member hotels in Europe and the U.S. These include two independent properties in Germany, five across southern Europe and one in New York City.