COLUMBIA, Md.–(BUSINESS WIRE)–Feb. 26, 2002–Humphrey Hospitality Trust, Inc. (HUMP), a real estate investment trust (REIT) with 90 limited service hotel properties, today announced the sale of its Macomb, Illinois Super 8 hotel for $1,200,000. The Company realized a net loss of approximately $7,000, and utilized the net proceeds of $1,118,000 to pay down existing debt. … Read more Humphrey Hospitality Trust Announces Sale of Hotel
WHITE PLAINS, N.Y., Feb. 5 /PRNewswire/ — Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) has announced that it will be the first hospitality company in the world to embrace Six Sigma, the internationally recognized program that dramatically accelerates and maximizes business performance. Importantly, this initiative is expected to deliver significant long-term financial benefits — … Read more Starwood Announces Global Launch of Six Sigma, First in Hospitality Industry
WASHINGTON, D.C./NEWRY, Maine, December 11, 2000MeriStar Hotels & Resorts (NYSE: MMH), the nations largest independent hotel management company, and American Skiing Company (NYSE: SKI), the nations largest ski resort operating company, announced today that they have signed a definitive agreement to merge. The merged company will be renamed Doral International, Inc. and will focus on … Read more American Skiing, MeriStar Hotels & Resorts Announce Merger
PARADISE ISLAND, The Bahamas, April 23 /PRNewswire-FirstCall/ — Sun International Hotels Limited (NYSE:SIH) reported net income for the quarter, before losses attributed to its recently launched SunOnline internet gaming operations, of $31.8 million compared to recurring earnings of $32.9 million in the same period last year. On this basis, earnings per share for the period … Read more Sun International Announces 2002 First Quarter Results
December 21, 2000 — HVS International — Movenpick, the Swiss-based hotel and catering group, expects operating profit to increase sharply in 2000 despite start-up problems with its ice-cream business in Japan. The statement was made following a newspaper report which quoted the group's Chief Executive, Bruno Schoepfer, as stating a Euro 10 million loss is … Read more Asian Market is Thought Not to Affect Movenpick's Profits
Wyndham International, Inc. (NYSE:WYN) has signed an agreement with See Forever Ventures, LLC to manage an additional 35 ultra-luxury cabins and condos to be built at The Cabins & Penthouses at The Peaks – A Wyndham Luxury Resort in Telluride, Colo. Construction of the cabins and condos will begin Spring 2002 and will be complete … Read more Wyndham Signs Agreement to Manage Phase II Expansion At Existing Wyndham Luxury Resort
Dallas, Texas November 12, 2001 Harrell Hospitality Group, Inc (OTCBB HLTLA) is pleased to announce that it has assumed the management of the Columbia Lakes Resort and Conference Center, located in West Columbia, Texas. (45 minutes south of Houston) The Resort, nestled in 2,000 wooded acres, comprises 165 guestrooms, full restaurant and lounge facilities, 15,000 … Read more HARRELL HOSPITALITY ANNOUNCES MANAGEMENT CONTRACT
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SPARTANBURG, S.C.–(BUSINESS WIRE)–April 4, 2002–Extended Stay America, Inc. (NYSE: ESA) has opened a four-story Extended StayAmerica Efficiency Studios hotel located at 45 Glimcher Realty Way, Elizabeth, New Jersey. The 149 room hotel is the Company's 1st property in Elizabeth, its 12th property in the state and its 442nd property overall. According to Chief Executive Officer … Read more Extended Stay America, Inc. Opens New Hotel in Elizabeth, N.J.
ORLANDO, Fla., April 2002-Hasmukh P. Rama, CHA, chairman and CEO of JHM Hotels, Inc., of Greenville, S.C., is the recipient of the 2002 Arthur Landstreet Award presented by the Educational Institute of the American Hotel & Lodging Association. The Arthur Landstreet Award is named for the Tennessee hotelier who founded the Educational Institute. This award … Read more Educational Institute Presents H.P. Rama with Arthur Landstreet Award