ROCKVILLE, Md., Aug. 22 /PRNewswire/ — The strategist behind the recent Cendant Corp. travel purchases, including Galileo International and Cheap Tickets, will explain his company's moves at an upcoming travel industry conference in Philadelphia. Samuel L. Katz, senior executive VP and chief strategic officer of Cendant, will speak at New Frontiers in Travel Distribution on … Read more
ATLANTA, Nov. 14 /PRNewswire/ — Buckhead America Corporation (Nasdaq: BUCK), the hospitality services company, reported results for the third quarter and nine months ended September 30, 2001. Douglas C. Collins, chairman, president and chief executive officer, said, Buckhead America completed the sale of eight hotel properties during the first nine months of this year in … Read more
SPARTANBURG, S.C.–(BUSINESS WIRE)–Dec. 17, 2001–Extended Stay America, Inc. (NYSE:ESA), a leading provider of extended stay lodging, today reported that it has amended its $900 million bank credit facility to provide additional flexibility in managing the development of new hotels. By increasing the total leverage permitted under the credit facility, the Company expects that it will … Read more
Overallotment Option Exercised in LaSalle Hotel Properties' 10-1/4% Series A Cumulative Preferred Shares Company Provides Quarterly Spread for 2002 Comparable FFO BETHESDA, Md., March 11 /PRNewswire-FirstCall/ — LaSalle Hotel Properties today announced that Raymond James, as Lead Underwriter, with Legg Mason Wood Walker Incorporated, Prudential Securities Incorporated and SG Cowen exercised their overallotment option to … Read more
RALEIGH, N.C.–(BUSINESS WIRE)–May 6, 2002–Winston Hotels, Inc., (NYSE: WXH), a real estate investment trust and owner of premium limited-service, high-end extended-stay and full-service hotels, today announced results for the first quarter ended March 31, 2002. FFO totaled $5.0 million for the first quarter of 2002 as compared to $7.0 million for the first quarter 2001. … Read more
LONDON, Jan. 10 /PRNewswire/ — Richard Mahoney, president and chief operating officer of Le Meridien Hotels and Resorts, today announced the appointment of David Maloney as chief financial officer and James Lamb as chief information officer for the company, effective immediately. These new assignments are the latest of several executive appointments since the acquisition of … Read more
WASHINGTON, April 7 (Reuters) – The mysterious respiratory illness that has spread fear throughout countries from Asia to North America has come at a bad time for the already fragile global economy, economists said on Monday.
Full year 2003 industry occupancy was 59.2 percent, up 0.2 percent versus 2002. Average room rate declined 0.1 percent to $83.28 and revenue per available room (REVPAR) increased 0.2 percent to $49.34.
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