News from Lexis Nexis
Dubai Hoteliers Begin Slashing Rates
Dubai: Discounts on hotel room rates are expected to spur Dubai's vital tourism sector, which has begun to feel the impact of lower travel demand because of the global economic downturn.
Dubai: Discounts on hotel room rates are expected to spur Dubai's vital tourism sector, which has begun to feel the impact of lower travel demand because of the global economic downturn.
'Green Travel Is Dead'
Green travel is dead. I arrived at this unlikely conclusion while talking with Mike Ragsdale, the "town evangelist" for a seaside community in Northwest Florida called Alys Beach. "People think being green means making sacrifices or paying more," he told me. "That's not necessarily true." Apparently, a lot of travelers feel the same way.
Green travel is dead. I arrived at this unlikely conclusion while talking with Mike Ragsdale, the "town evangelist" for a seaside community in Northwest Florida called Alys Beach. "People think being green means making sacrifices or paying more," he told me. "That's not necessarily true." Apparently, a lot of travelers feel the same way.
Four Points To Make Malaysia Debut
KUCHING: After almost two decades, a new international hotel will open here. Sheraton's Four Points Hotel, owned by Global Upline Sdn Bhd, will open for business next Saturday, to meet the rising demand for hotel rooms.
KUCHING: After almost two decades, a new international hotel will open here. Sheraton's Four Points Hotel, owned by Global Upline Sdn Bhd, will open for business next Saturday, to meet the rising demand for hotel rooms.
Irish Willing To Spend Most On Hotel Room
Irish people are willing to spend more on a night's hotel accommodation than anyone else in Europe, according to fresh data from the Hotels.com Hotel Price Index (HPI).
Irish people are willing to spend more on a night's hotel accommodation than anyone else in Europe, according to fresh data from the Hotels.com Hotel Price Index (HPI).
Jumeirah Appoints Brand Strategy VP
Jumeirah Group issued the following news release: Jumeirah Group, the Dubai-based luxury international hospitality management group and member of Dubai Holding, has announced today the internal promotion of Thatcher Brown to the new position of Vice President Brand Strategy and Management of the Jumeirah Group. This appointment becomes effective in January 2009.
Jumeirah Group issued the following news release: Jumeirah Group, the Dubai-based luxury international hospitality management group and member of Dubai Holding, has announced today the internal promotion of Thatcher Brown to the new position of Vice President Brand Strategy and Management of the Jumeirah Group. This appointment becomes effective in January 2009.
MWB Says du Vin, Malmaison Have Staying Power
THE provincial luxury and boutique hotels group behind the Malmaison and Hotel du Vin brands is trading well, listed company MWB Group said today. MWB said occupancy rates had been maintained at 79% and average room rates at £115 despite the tougher trading conditions, which the company admitted had had an effect with food and drink revenues being marginally down. It said new hotel openings in Poole, Newcastle, Edinburgh and Aberdeen have all traded well. MWB admitted its separate serviced-office offshoot had seen falling rates in the second half of 2008 as it sought to keep occupancy levels above 90%..
THE provincial luxury and boutique hotels group behind the Malmaison and Hotel du Vin brands is trading well, listed company MWB Group said today. MWB said occupancy rates had been maintained at 79% and average room rates at £115 despite the tougher trading conditions, which the company admitted had had an effect with food and drink revenues being marginally down. It said new hotel openings in Poole, Newcastle, Edinburgh and Aberdeen have all traded well. MWB admitted its separate serviced-office offshoot had seen falling rates in the second half of 2008 as it sought to keep occupancy levels above 90%..
Work Stalls As Liens Placed On Idaho Marriott
At least three subcontractors have filed liens on the unfinished Marriott Residence Inn in Idaho Falls, claiming they have not been paid for nearly $1 million worth of work done on one of the city's most prominent new buildings. Liens filed by Portneuf Electric, Lone Star Builders and Western Wholesale Supply range in date from Oct. 21 to Dec. 2 of last year.
At least three subcontractors have filed liens on the unfinished Marriott Residence Inn in Idaho Falls, claiming they have not been paid for nearly $1 million worth of work done on one of the city's most prominent new buildings. Liens filed by Portneuf Electric, Lone Star Builders and Western Wholesale Supply range in date from Oct. 21 to Dec. 2 of last year.
Blackstone May Wish It Could Take Back Hilton Deal
The Hampton Inn in Phoenix, an unprepossessing stucco structure set amid the haphazard low-density sprawl of South 48th Street, is unusually quiet. So much so that the owners of the midrange business hotel, which operates under the Hilton Hotels umbrella, have come in to discuss how to handle the steep drop-off in guests.
The Hampton Inn in Phoenix, an unprepossessing stucco structure set amid the haphazard low-density sprawl of South 48th Street, is unusually quiet. So much so that the owners of the midrange business hotel, which operates under the Hilton Hotels umbrella, have come in to discuss how to handle the steep drop-off in guests.
Man Robs Boulder Station With Bomb Hoax
Daniel Ray Johnson had lost his home and his job. He had medical problems, including a brain tumor, and had no way to pay the bills.
Daniel Ray Johnson had lost his home and his job. He had medical problems, including a brain tumor, and had no way to pay the bills.
Davidson To Manage Wynfrey In Alabama
MEMPHIS, Tenn., Jan. 6. /PRNewswire/ -- Davidson Hotel Company, one of the nation's largest independent hotel management companies, today announced that it has signed an agreement to operate the 329-room Wynfrey Hotel in Birmingham, Ala. The hotel is owned by Jim Wilson & Associates, a Montgomery-based real estate ownership group.
MEMPHIS, Tenn., Jan. 6. /PRNewswire/ -- Davidson Hotel Company, one of the nation's largest independent hotel management companies, today announced that it has signed an agreement to operate the 329-room Wynfrey Hotel in Birmingham, Ala. The hotel is owned by Jim Wilson & Associates, a Montgomery-based real estate ownership group.
Omni Announces New 'Nucleus' CRS
IRVING, Texas, Jan. 6 /PRNewswire/ -- Omni Hotels announced that the company has successfully deployed its new brand-wide reservation system, powered by the OPERA Enterprise Solution from MICROS Systems, Inc.(NASDAQ: MCRS), a leading worldwide provider of information technology solutions for the hospitality and retail industries. The project centered on the implementation of three key modules of MICROS OPERA, including the OPERA Reservation System (ORS), OPERA Customer Information System (OCIS) and OPERA Web Suite (OWS).
IRVING, Texas, Jan. 6 /PRNewswire/ -- Omni Hotels announced that the company has successfully deployed its new brand-wide reservation system, powered by the OPERA Enterprise Solution from MICROS Systems, Inc.(NASDAQ: MCRS), a leading worldwide provider of information technology solutions for the hospitality and retail industries. The project centered on the implementation of three key modules of MICROS OPERA, including the OPERA Reservation System (ORS), OPERA Customer Information System (OCIS) and OPERA Web Suite (OWS).
2 Holiday Inns On Market In Portland, Maine
The state's largest hotel and convention facility is for sale. The Holiday Inn by the Bay on Spring Street in Portland, which has 239 rooms and 14 meeting spaces, is being marketed to potential buyers around the country. The downtown hotel is packaged for sale with the Holiday Inn-Portland West. With 200 rooms, the Riverside Street hotel is the third largest in the city. Both properties are owned by Indiana-based Harper Hotels Inc., which developed and opened the downtown hotel in 1973. Harper and its listing agent, CB Richard Ellis Inc., declined Monday to discuss any aspects of the sale. Harper has imposed a written confidentiality agreement that bars potential buyers from circulating details of the properties or disclosing negotiations.
The state's largest hotel and convention facility is for sale. The Holiday Inn by the Bay on Spring Street in Portland, which has 239 rooms and 14 meeting spaces, is being marketed to potential buyers around the country. The downtown hotel is packaged for sale with the Holiday Inn-Portland West. With 200 rooms, the Riverside Street hotel is the third largest in the city. Both properties are owned by Indiana-based Harper Hotels Inc., which developed and opened the downtown hotel in 1973. Harper and its listing agent, CB Richard Ellis Inc., declined Monday to discuss any aspects of the sale. Harper has imposed a written confidentiality agreement that bars potential buyers from circulating details of the properties or disclosing negotiations.
Ireland Hoteliers Want More Access To Credit
IRISH hoteliers have called for a major change in the criteria used by financial institutions in making credit facilities available to the hotels sector.
IRISH hoteliers have called for a major change in the criteria used by financial institutions in making credit facilities available to the hotels sector.
Anantara To Open In Oman
Blue City Company 1 (BCC1) has announced an agreement with the internationally recognized luxury hotel group, Anantara Hotels & Resorts, part of the Minor Hotel Group, one of Asia's leading hotel owners and operators, for a new beachfront hotel development in Al Madina A'Zarqa - the most significant real estate infrastructure project in the Sultanate of Oman currently under Phase One of its construction. Internationally recognised as leaders in luxury hospitality, the agreement with Anantara signals the launch of the first-ever hotel alliance for Al Madina A'Zarqa, as well as the debut of Anantara in Oman.
Blue City Company 1 (BCC1) has announced an agreement with the internationally recognized luxury hotel group, Anantara Hotels & Resorts, part of the Minor Hotel Group, one of Asia's leading hotel owners and operators, for a new beachfront hotel development in Al Madina A'Zarqa - the most significant real estate infrastructure project in the Sultanate of Oman currently under Phase One of its construction. Internationally recognised as leaders in luxury hospitality, the agreement with Anantara signals the launch of the first-ever hotel alliance for Al Madina A'Zarqa, as well as the debut of Anantara in Oman.
IDeaS Provides Revenue Management To New Hotels
IDeaS Revenue Optimization, the leading provider of hospitality revenue management and optimization solutions and services, today announced its New Hotels Success Service Package (NHSSP), a service designed to allow hotels to bring the advantages of the IDeaS V5i Revenue Management solution into new properties. IDeaS designed the package to enable newly opened hotels or hotels with no historical data to have a fully automated revenue optimization and pricing solution in place at the earliest possible opportunity; in many cases, prior to hotel opening. To date, the package has been deployed in more than 50 hotels with an additional 30 hotels currently in the planning stages.
IDeaS Revenue Optimization, the leading provider of hospitality revenue management and optimization solutions and services, today announced its New Hotels Success Service Package (NHSSP), a service designed to allow hotels to bring the advantages of the IDeaS V5i Revenue Management solution into new properties. IDeaS designed the package to enable newly opened hotels or hotels with no historical data to have a fully automated revenue optimization and pricing solution in place at the earliest possible opportunity; in many cases, prior to hotel opening. To date, the package has been deployed in more than 50 hotels with an additional 30 hotels currently in the planning stages.
Siegel Group Acquires 2nd Vegas Property
The Siegel Group Nevada, Inc., today announced that it has completed the acquisition of the Barcelona Hotel & Casino located in Las Vegas, Nevada. The purchase price equated to approximately 60% of the current appraised value of $21 million.
The Siegel Group Nevada, Inc., today announced that it has completed the acquisition of the Barcelona Hotel & Casino located in Las Vegas, Nevada. The purchase price equated to approximately 60% of the current appraised value of $21 million.
Marcus Declares Quarterly Dividend
Directors of The Marcus Corporation (NYSE:MCS) today declared a regular quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid February 16, 2009 to shareholders of record on January 26, 2009.
Directors of The Marcus Corporation (NYSE:MCS) today declared a regular quarterly cash dividend of $0.085 per share of common stock. The dividend will be paid February 16, 2009 to shareholders of record on January 26, 2009.
Elad Continues Push For Vegas Loan Deferment
Sources inform ''Globes'' that Nochi Dankner and Yitzhak Tshuva met bankers from Goldman Sachs Group Inc. (NYSE: GS) and Credit Suisse Group (NYSE: CS; SWX: CSGN; XETRA: CSGZ) in New York yesterday to discuss repayment of their loan taken to buy the land for their planned $6-8 billion Plaza Casino and Hotel in Las Vegas. Dankner and Tshuva are seeking another postponement for repaying the $625 million, due in February. The banks first postponed repayment of the loan in August.
Sources inform ''Globes'' that Nochi Dankner and Yitzhak Tshuva met bankers from Goldman Sachs Group Inc. (NYSE: GS) and Credit Suisse Group (NYSE: CS; SWX: CSGN; XETRA: CSGZ) in New York yesterday to discuss repayment of their loan taken to buy the land for their planned $6-8 billion Plaza Casino and Hotel in Las Vegas. Dankner and Tshuva are seeking another postponement for repaying the $625 million, due in February. The banks first postponed repayment of the loan in August.
China Slashes Hotel Costs In Tibet
China on Monday heavily slashed travel and hotel costs in Tibet to revive tourist flows into the Himalayan region, which recorded a drastic fall in visitors in 2008 because of huge unrest and rioting. Hotel tariffs have been reduced by up to 70 per cent and train fares cut up to 80 per cent between Beijing and Lhasa, on the train billed as the "journey to the highest land", as Chinese authorities launched a new campaign to lure up to three million tourists to Tibet this year.
China on Monday heavily slashed travel and hotel costs in Tibet to revive tourist flows into the Himalayan region, which recorded a drastic fall in visitors in 2008 because of huge unrest and rioting. Hotel tariffs have been reduced by up to 70 per cent and train fares cut up to 80 per cent between Beijing and Lhasa, on the train billed as the "journey to the highest land", as Chinese authorities launched a new campaign to lure up to three million tourists to Tibet this year.
UK Town Offers Equal Value For Euro, Pound
Businesses in Dunster, Somerset, on the edge of Exmoor, are to embrace the euro at a one-for-one exchange rate in a bid to attract European visitors.
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Businesses in Dunster, Somerset, on the edge of Exmoor, are to embrace the euro at a one-for-one exchange rate in a bid to attract European visitors.
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