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MEMPHIS, Tenn., March 13, 2002—Hampton®, the national brand of mid-priced Hampton Inn® and Hampton Inn & Suites® hotels, today announced that it opened 11 Hampton Inn and Hampton Inn & Suites hotels during January and February of 2002, including two international properties. The 11 hotels add a total of 1,064 new rooms to the brand’s … Read more
SILVER SPRING, Md.–(BUSINESS WIRE)–March 20, 2002–Choice Hotels International, Inc. (NYSE:CHH) today announced that as a result of the recent termination of discussions with potential bidders for C. H. E. Group plc (formerly known as Friendly Hotels plc), the company will increase its previously announced impairment charge related to Friendly by an additional $7.3 million for … Read more
WAIKOLOA BEACH, HAWAII’S BIG ISLAND — The Outrigger Waikoloa Beach resort is so confident that travel agents will fall in love with the resort’s casual Hawaiian elegance, personal service and beach front location, it is promising to refund up to five nights lodging to any agent who claims the resort did not meet their expectations. … Read more
PITTSBURGH March 27, 2002–Shaner Hotel Group (SHG) today announced it is initiating an all-cash tender offer for 2,472,822 shares of Class A common stock of Interstate Hotels (Nasdaq:IHCO). Shaner, headquartered in State College, Pa., currently holds approximately 326,000 Class A shares, a 5.94 percent stake in Interstate. The tender offer is for about 45 percent … Read more
MEMPHIS, Tenn.–(BUSINESS WIRE)–March 28, 2002–Equity Inns, Inc. (NYSE: ENN) announced today the closing of a public offering of 3,565,000 shares of common stock, including the full exercise by the underwriter of the over-allotment option of 465,000 shares of the company's common stock. Net proceeds received by the company from the offering were approximately $27.0 million. … Read more
DALLAS–(BUSINESS WIRE)–Feb. 19, 2002– Destination Weddings By Wyndham Allows Couples To Create Their Dream Wedding — All From One Unique Site Whether you dream of a wedding in the snow-capped mountains of Colorado or barefoot on a beach in the Caribbean, Wyndham Hotels & Resorts (NYSE:WYN) makes your dream wedding a reality with its new … Read more
CARMEL VALLEY, Calif.–(BUSINESS WIRE)–Jan. 8, 2002–The Hongkong and Shanghai Hotels, Limited (HSH) and Baylaurel LLC, announced today that they have formed Valley Resort Management LLC to promote and develop the owners' respective properties, Quail Lodge Resort and Golf Club and Bernardus Lodge. The new company will oversee the operation, marketing and further development of both … Read more
PITTSBURGH–(BUSINESS WIRE)–Feb. 13, 2002–Interstate Hotels Corporation (Nasdaq:IHCO), one of the largest independent hotel management companies in the United States, today announced results for the fourth quarter ended December 31, 2001. For the fourth quarter of 2001, the Company reported a net loss of $3.1 million compared to a net loss of $3.6 million for the … Read more
A decade ago when the spa concept was just becoming popular in the United States and hotels were essentially devoid of adequate health and beauty facilities, many lodging establishments settled for taking a loss with their spas.