IndeCorp Acquires Summit and Sterling Hotels & Resorts From Pegasus, Strengthens Independent Hotels in Competitive Global Chain Market

CHICAGO, Jan 9, 2001 (BUSINESS WIRE) — Taking an initial–and transforming–step to strengthen and sustain independent hotels in the crucial competition with global chains, the recently formed IndeCorp Corporation has acquired two global hotel groups, Summit Hotels & Resorts and Sterling Hotels & Resorts, it was announced today by Peter Cass, President and CEO of … Read more IndeCorp Acquires Summit and Sterling Hotels & Resorts From Pegasus, Strengthens Independent Hotels in Competitive Global Chain Market

Accor to Trump Rivals in the Middle East with its Budget Brands

May 29, 2001 – HVS International Accor has announced plans to boost its Middle East portfolio to eight per cent of its hotel interests by 2003. In Dubai, Accor plans to open two hotels at the Convention Center at the Dubai World Trade Centre Complex. One hotel will trade as a Novotel, comprising 400 bedrooms, … Read more Accor to Trump Rivals in the Middle East with its Budget Brands

PMHS’ ZERO DEFECTS—A REVOLUTION IN THE LIMITED SERVICE INDUSTRY

ALEXANDRIA, VA (August 22, 2001)—Alexandria-based hotel management company PM Hospitality Strategies has found a brand-new way to put more heart into the limited-service hotel industry. PMHS’ new Zero Defects program centers around increasing the unity between the housekeeping and maintenance departments—the heart of the house. PMHS’ Chief Operating Officer Greg Miller is the architect behind … Read more PMHS’ ZERO DEFECTS—A REVOLUTION IN THE LIMITED SERVICE INDUSTRY

German Funds To Become Pan-European Hotel Investors?

Frankfurt, 17th December 2001 — German institutional investors have the potential to become a truly pan-European investment force, according to a new report released by Jones Lang LaSalle Hotels. According to the research, German open and closed-ended funds currently have approximately €10.8 billion to invest into European real estate. “Given the existing average asset allocations, … Read more German Funds To Become Pan-European Hotel Investors?

ARESCOM Hospitality Network Forms Systems Integrator Partnership With Lee Communications

AHN teams with proven hospitality telecom solutions provider to deliver wired and wireless High Speed Internet Access FREE to business-class hotels across the nation FREMONT AND PLEASANTON, CALIF. — AUG. 21, 2002 — ARESCOM Inc., a global provider of High Speed Internet Access (HSIA) equipment and related services for the Hospitality, Residential Property, Telecommunication and … Read more ARESCOM Hospitality Network Forms Systems Integrator Partnership With Lee Communications

2002 Las Vegas International Hotel & Restaurant Show Post Show Report

LAS VEGAS ­ The 23rd annual Las Vegas International Hotel & Restaurant Show (LVIHRS) lived up to its promise of positioning itself as the leading marketplace for Western hospitality professionals by putting key buyers in front of manufacturers showcasing their products and services. The LVIHRS took place at the Las Vegas Convention Center June 19-20. … Read more 2002 Las Vegas International Hotel & Restaurant Show Post Show Report

Cendant Acquires Lodging.com to Expand Marketing of Hotel Rooms To Consumers and Travel Agencies

NEW YORK, Aug. 12 /PRNewswire-FirstCall/ — Cendant Corporation (NYSE:CD) today announced that it has acquired Lodging.com. Lodging.com is a leading and growing online hotel reservation travel site, generating approximately 115,000 hotel reservations per month predominantly through its network of web sites as well as through its call center at 888-LODGING. The transaction is expected to … Read more Cendant Acquires Lodging.com to Expand Marketing of Hotel Rooms To Consumers and Travel Agencies

High-Speed Access Use Doubles at Marriott's Hotels

WASHINGTON, July 9 /PRNewswire-FirstCall/ — Marriott International, Inc. (NYSE:MAR) leads the hotel industry in offering guests high-speed Internet access, with more than 105,000 guest rooms in 370 hotels installed. High- speed access use has nearly doubled at Marriott's hotels over the past six months. This year more than 20,000 rooms in 75 additional hotels will … Read more High-Speed Access Use Doubles at Marriott's Hotels

Trump Hotels & Casino Resorts Fourth Quarter and Year-End Results

NEW YORK–(BUSINESS WIRE)–Feb. 15, 2002–Trump Hotels & Casino Resorts, Inc. (THCR or the Company) (NYSE: DJT) today reported earnings and EBITDA for the quarter and the year ended December 31, 2001. THCR's EBITDA (earnings before interest, taxes, depreciation, amortization, CRDA and corporate expenses) for the year ended December 31, 2001 increased to $270.3 million from … Read more Trump Hotels & Casino Resorts Fourth Quarter and Year-End Results