Marriott International Announces Sale of Three Hotels for $104 Million

WASHINGTON, Dec. 18 /PRNewswire/ — Marriott International, Inc. (NYSE: MAR) today announced that it has completed the sale of one Courtyard by Marriott hotel, one SpringHill Suites hotel and one Fairfield Inn hotel to CNL Hospitality Corp. for approximately $104 million in cash. Marriott International developed and will continue to manage these hotels. The three … Read more

Hampton® Announces Hotel Conversion of the Year

MEMPHIS, Tenn., February 21, 2002 – Hampton®, the national brand of mid-priced Hampton Inn* and Hampton Inn & Suites* hotels, has recognized the 137-room Hampton Inn & Suites-Buffalo-Downtown hotel, owned by Buffalo Lodging Associates, LLC., as the brand's national recipient of the Conversion of the Year Award. The company received the award during the Hilton … Read more

S&P Lowers, Affirms Hilton Hotels Pool Trust Ratings on 2000-HLT

NEW YORK, April 1 /PRNewswire/ — Standard & Poor's today lowered its ratings on five classes of Hilton Hotels Pool Trust's commercial mortgage pass-through certificates series 2000-HLT. At the same time, ratings are affirmed on three other classes in the pool (see list). While subordination levels for this mortgage pool have actually increased slightly due … Read more

Hsmai Honors Sales And Marketing Excellence At Awards Night Dinner

NEW YORK, NY (Feb. 1, 2002) – At its 12th annual awards dinner held Tuesday night, which was attended by 750 industry and marketing executives, the Hospitality Sales & Marketing Association International (HSMAI) recognized a year of marketing excellence by honoring the winners of the 2001 Adrian Advertising, Golden Bell Public Relations, and Golden Click … Read more

AmeriSuites Enters Fourth Year With American Spirit Racing in Trans-Am Series

Returns as 'Preferred Hotel' and Title Sponsor of the 'Rookie of the Year' FAIRFIELD, N.J., Feb. 13 /PRNewswire-FirstCall/ — AmeriSuites Hotels will once again sponsor American Spirit Racing in the Trans-Am Racing Series. The 2002 racing season represents the second of a three-year deal, which debuted the Team's new Jaguar XKR, and claimed victory at … Read more

Corporate Travel Budgets to Remain Flat in 2004

ATLANTA, Nov. 20 Although the economy is slowly rebounding, it appears that U.S. corporations remain cautious with their 2004 travel budgets. WorldTravel BTI's annual client survey conducted in August 2003 shows 62 percent of 127 respondents plan no significant travel budget changes for 2004 and the remaining 38 percent plan changes of only -10 to +10 percent.

Humphrey Hospitality Trust, Inc. Reports Results for the Fourth Quarter and Year Ended December 31, 2001

COLUMBIA, Md.–(BUSINESS WIRE)–April 2, 2002–Humphrey Hospitality Trust, Inc. (NASDAQ:HUMP), a real estate investment trust (REIT) with 90 limited service hotel properties, today announced its results for the fourth quarter and year ended December 31, 2001. Fourth Quarter Results Funds from operations (FFO) represented a loss of $1.2 million, or ($.10) per basic and diluted share … Read more