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London, 1st August 2002 — On behalf of All Nippon Airways Co, Ltd (ANA) and JJW Hotels & Resorts, Jones Lang LaSalle Hotels is pleased to announce the sale of the five star deluxe ANA Grand Hotel in Vienna to JJW Hotels & Resorts. The sale is the most significant single asset hotel transaction to … Read more
WICHITA, Kan., May 28, 2002 — Just in time for summer travel, Candlewood Suites is offering a $50 Amazon.com promotional certificate to guests who reserve a suite online at www.candlewoodsuites.com, and stay at least three consecutive nights. Unlike other hotel promotions that force travelers to accept a pre-selected item or gift, Candlewood Suites gives guests … Read more
Global lodging stocks appear to have regained most of the value lost in the months following September 11. Jones Lang LaSalle Hotels looks at the global experience in the latest edition of Hotel Topics, entitled Public and Private Hotel Investment. For the complete article – click here
RALEIGH, N.C.–(BUSINESS WIRE)–July 1, 2002–Winston Hotels, Inc. (NYSE: WXH), a real estate investment trust (REIT) that owns premium limited-service, upscale extended-stay and full-service hotels, today announced the purchase of a vacant building located in an upscale suburb of Cleveland, Ohio known as Beachwood, for $3.05 million through a 50-50 joint venture with Cleveland-based Concord Hospitality … Read more
NEW YORK, Dec. 18 /PRNewswire/ — Cendant Corporation (NYSE: CD) has extended its offer to the holders of $850 million principal amount of its 6-7/8% notes due 2006 to exchange such notes for a like principal amount of its 6-7/8% exchange notes due 2006, which have been registered under the Securities Act of 1933, as … 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… Full Report – click here
SPARTANBURG, S.C.–(BUSINESS WIRE)–Jan. 21, 2002–Extended Stay America, Inc. (NYSE: ESA) has opened a three-story Extended StayAmerica Efficiency Studios hotel located at 340 Tolland Turnpike, Manchester, Connecticut. The 104 room hotel is the Company's first property in the Manchester area, its second property in the state and its 431st property overall. According to Chief Executive Officer … Read more
PARSIPPANY, N.J. (March 7, 2002) – Cendant Corporation’s hotel group today announced the appointment of Rajiv Bhatia as vice president, international services, responsible for overseas franchise sales and support efforts. Based in Parsippany, he also will serve as liaison with the division’s Asian-American franchisees in the United States. Bhatia was promoted to his current position … Read more
NEW YORK–(BUSINESS WIRE)–Oct. 30, 2000–Fitch has just published a Credit Update report on Hilton Hotels Corp. (HLT). HLT owns many of the world's best known and most highly regarded hotel brands, including Hilton, Embassy Suites, Hilton Garden Inn, Hampton Inn, Doubletree, Homewood Suites and Red Lion. The company maintains a significant domestic presence in virtually … Read more
London, UK – October 2000 – Leading airport operator, TBI plc – whose interests range from UK airports such as Luton, Cardiff and Belfast to overseas airports including Costa Rica, Orlando, FL, and Stockholm – has appointed Insignia Hotel Partners as Asset Manager and Owners Representative of the Hilton Cardiff Hotel, which opened last year. … Read more