Sunday, September 5, 2010
Drop in hotel Occupancy hurts USA Today
USA Today has always been coy about what percentage of that circulation comes from hotel distribution, but it may have been as much as half. Its deal with Marriott and other chains has changed. As any traveler can observe, the paper-outside-your-door pattern is far from universal anymore. At many hotels you now find a stack of USA Todays in the lobby or dining room, often as not next to a stack of Wall Street Journals.
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economy
Union Properties in talks to finish two Dubai hotels
Union Properties is in negotiations with contractors for the completion of two hotels at its MotorCity development in Dubai.
The Renaissance Dubai MotorCity and the Marriott Courtyard, which are about 75 per cent finished, have been at a standstill while the developer raised cash to complete construction.
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The Renaissance Dubai MotorCity and the Marriott Courtyard, which are about 75 per cent finished, have been at a standstill while the developer raised cash to complete construction.
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Marriott
Unpaid sales taxes add up for Tulsa Hilton
About $193 million is owed in sales taxes to the Oklahoma Tax Commission by 9,045 businesses and individuals dating to the 1980s, according to a Tulsa World analysis of active tax warrants.
Tulsa has 1,471 active tax warrants for sales tax totaling about $32 million, of which the city would receive about $11 million, according to the analysis.
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Tulsa has 1,471 active tax warrants for sales tax totaling about $32 million, of which the city would receive about $11 million, according to the analysis.
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hilton
2 Top Executives leave Wynn Las Vegas
Steve Wynn's night-life operations were rocked last week after two of his top lieutenants, Victor Drai and Cy Waits, left his Las Vegas resort company.
Wynn's split from Drai may have been expensive, but both men say it wasn't ugly. Wynn bought Drai out of his management role running Vegas clubs Tryst and XS for about $20 million, sources estimate.
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Wynn's split from Drai may have been expensive, but both men say it wasn't ugly. Wynn bought Drai out of his management role running Vegas clubs Tryst and XS for about $20 million, sources estimate.
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Wynn
Arizona Hilton to be auctioned off
The Pointe Hilton Tapatio Cliffs Resort and its adjacent golf club are scheduled to be sold to the highest bidder at a foreclosure auction in November.
The 584-suite resort and its golf club, the Pointe Golf Club on Lookout Mountain, received a notice of trustee's sale from lender Bank of America on Aug. 23.
The compound financial pressure from a difficult tourism year and plummeting real-estate value forced several resorts into bankruptcy or foreclosure, including the Wigwam Resort in Litchfield Park; the former Mondrian Scottsdale Hotel in Scottsdale (reopened in May as Hotel Theodore); the Arizona Golf Resort in Mesa, and the Club at Seven Canyons in Sedona.
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The 584-suite resort and its golf club, the Pointe Golf Club on Lookout Mountain, received a notice of trustee's sale from lender Bank of America on Aug. 23.
The compound financial pressure from a difficult tourism year and plummeting real-estate value forced several resorts into bankruptcy or foreclosure, including the Wigwam Resort in Litchfield Park; the former Mondrian Scottsdale Hotel in Scottsdale (reopened in May as Hotel Theodore); the Arizona Golf Resort in Mesa, and the Club at Seven Canyons in Sedona.
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Hotel made of shipping containers in London
LONDON: An eight-storey hotel is being built from 86 modified shipping container-like structures, stacked on top of each other and bolted together.
When complete in June, rooms at the new Travelodge in Uxbridge, west London, will cost £19 a night.
The chain said it may build up to half of its future hotels in this way.
The purpose-built containers are shipped from China with the bathrooms, plasterboard walls and electrical points already fitted.
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When complete in June, rooms at the new Travelodge in Uxbridge, west London, will cost £19 a night.
The chain said it may build up to half of its future hotels in this way.
The purpose-built containers are shipped from China with the bathrooms, plasterboard walls and electrical points already fitted.
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Travelodge