The surge that Hilton Worldwide has seen this year in its iPhone application downloads and mobile room bookings surprises even Chuck Sullivan, the company's senior vice president of global online services.
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Saturday, September 25, 2010
Arizona J.W. Marriott is delinquent on $165 million in mortgage payments
Southern Arizona’s largest resort, the 575-room J.W. Marriott Starr Pass Resort, is delinquent on $165 million in mortgage payments. To avoid a foreclosure, owner Signature Properties International is trying to work out a loan modification with lenders, according to Realpoint, a national credit-rating company.
Realpoint reports Signature Properties’ first attempt to modify its mortgages was rejected. Neither was the company able to find new financing to replace the maturing loans.
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Realpoint reports Signature Properties’ first attempt to modify its mortgages was rejected. Neither was the company able to find new financing to replace the maturing loans.
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Morgans says Hard Rock lawsuit 'is without merit'
A day after owners of the Orlando-based Hard Rock Cafe restaurant chain sued the ownership of the Hard Rock Hotel and Casino in Las Vegas over its name, New York-based Morgans Hotel Group responded.
Morgans, a company entirely separate from the cafe chain, owns 14.2 percent of the Hard Rock and operates it day-to-day.
According to the lawsuit, Hard Rock Cafe said the casino is a place that "revels in drunken debauchery." The party image has damaged the name enough to justify ending a 14-year-old licensing agreement.
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Morgans, a company entirely separate from the cafe chain, owns 14.2 percent of the Hard Rock and operates it day-to-day.
According to the lawsuit, Hard Rock Cafe said the casino is a place that "revels in drunken debauchery." The party image has damaged the name enough to justify ending a 14-year-old licensing agreement.
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Sudanese diplomats scuffle at Iranian NYC event held at the Hilton
NEW YORK — Sudanese diplomats scuffled with security workers at the hotel where the Iran delegation is staying during the U.N. General Assembly's annual meeting, police said Friday.
Iran hosted an event Thursday evening at the Hilton Manhattan East Hotel near the United Nations. Members of the Sudanese delegation wanted to speak to Iran officials, and about 30 went to the hotel.
Some balked at going through the metal detector and started pushing and shoving each other, Police Commissioner Raymond Kelly said. It's not clear who started pushing or whether Iranian officials were involved in the scuffle.
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Iran hosted an event Thursday evening at the Hilton Manhattan East Hotel near the United Nations. Members of the Sudanese delegation wanted to speak to Iran officials, and about 30 went to the hotel.
Some balked at going through the metal detector and started pushing and shoving each other, Police Commissioner Raymond Kelly said. It's not clear who started pushing or whether Iranian officials were involved in the scuffle.
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Chatham buys hotel portfolio for $61 million
Chatham Lodging Trust said Friday it has completed the acquisition of a hotel in White Plains, N.Y., that's part of a $61 million property portfolio purchased by the hotel operator.
The 133-suite Residence Inn by Marriott was the last of four hotels in the portfolio.
Chatham has now acquired 11 hotels and has two hotels under contract since its initial public offering in April.
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The 133-suite Residence Inn by Marriott was the last of four hotels in the portfolio.
Chatham has now acquired 11 hotels and has two hotels under contract since its initial public offering in April.
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Biltmore Hotel audit offers insights into dealings with city
A new audit says the Biltmore Hotel owes Coral Gables millions in unpaid rent and other charges. But both sides said they will focus on the bigger picture: a deal that ensures the long-term sustainability of the hotel and protects the city's interests as landlord.
``The audit is static for me,'' said City Commissioner Maria Anderson. ``I will bypass it and try to work on the future. My main focus is to get us back on track as partners, and that includes paying the rent and management fees.''
The hotel's relationship with the city soured in April 2009, when it stopped paying rent and unsuccessfully sought to credit historic preservation expenses against the rent as its revenues and profits dropped.
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``The audit is static for me,'' said City Commissioner Maria Anderson. ``I will bypass it and try to work on the future. My main focus is to get us back on track as partners, and that includes paying the rent and management fees.''
The hotel's relationship with the city soured in April 2009, when it stopped paying rent and unsuccessfully sought to credit historic preservation expenses against the rent as its revenues and profits dropped.
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