LAS VEGAS — A 10,000-square-foot suite that includes a basketball halfcourt rents for $25,000 a night at Palms Casino Resort. At MGM Grand's Skylofts, you'll find a bathtub that fizzes with tiny champagne-like massage bubbles, TVs in the mirrors and airport pickup in a $400,000 car.
Read more:
Thursday, September 17, 2009
SUNSTONE HOTEL INVESTORS PROVIDES BUSINESS UPDATE
Arthur Buser, President and Chief Executive Officer, stated, "We continue to manage our portfolio and balance sheet to best position the Company for future opportunities. Our secured debt management initiatives are beginning to produce positive results, and on the operations front, we are seeing signs of improved group activity. During the past 30 days, our two bellwether group hotels – the Renaissance Washington D.C. and the Renaissance Orlando - booked over 40,000 group rooms combined, which is a marked improvement over recent booking trends."
Read more:
Read more:
City of Dallas Breaks Ground on Omni Dallas Convention Center Hotel
In a ceremony featuring Mayor Tom Leppert, the Dallas City Council and a broad spectrum of civic and community leaders, the City of Dallas broke ground today on the 23-story Omni Dallas Convention Center Hotel, endorsed by voters in May and backed by the sale of nearly $500 million in revenue bonds in August.
Read more:
Read more:
MGM Mirage plans offering of $350M in senior notes
LAS VEGAS (AP) -- Casino operator MGM Mirage said Thursday that it plans a private placement of $350 million in senior unsecured notes due 2018.
MGM, in which billionaire Kirk Kerkorian has a sizable stake, expects to use the offering's net proceeds to lower borrowings under its senior credit agreement and for general corporate purposes.
MGM Mirage has struggled as consumers gamble less during the recession. The Las Vegas-based company reported a $212.6 million second-quarter loss on some large impairment charges and had $12.3 billion in long-term debt as of June 30.
MGM, in which billionaire Kirk Kerkorian has a sizable stake, expects to use the offering's net proceeds to lower borrowings under its senior credit agreement and for general corporate purposes.
MGM Mirage has struggled as consumers gamble less during the recession. The Las Vegas-based company reported a $212.6 million second-quarter loss on some large impairment charges and had $12.3 billion in long-term debt as of June 30.
CKE Restaurants®, Inc. Reports Period Eight Same-Store Sales
“The troubled economy and the extremely competitive landscape continued to put pressure on same-store sales during the period. However, the impact moderated a bit in period 8 and showed the smallest decline we have seen in five periods,” said Andrew F. Puzder, Chief Executive Officer. “We are determined to bring both brands back to positive sales territory, but to do so without demeaning our brand image or consumer perceptions with respect to the taste and quality of our products
Read more:
Read more:
Wednesday, September 16, 2009
Fontainebleau contractors seek lien claims in state court
With the Las Vegas Fontainebleau resort bankruptcy case seemingly stalled, a group of contractors is seeking permission to pursue construction lien claims in state court in Nevada -- outside of the bankruptcy process.
The contractors, in a court filing Friday, said they want to get started protecting their lien claims in state court in part because those claims are under attack by lenders in the bankruptcy court.
Read more:
The contractors, in a court filing Friday, said they want to get started protecting their lien claims in state court in part because those claims are under attack by lenders in the bankruptcy court.
Read more:
118 UAE hospitality projects cancelled or on hold
The UAE has 118 hospitality projects cancelled or on hold, according to a study conducted by Proleads.
The initial findings of the Cityscape Intelligence Focus On Dubai Report were revealed ahead of next month’s Cityscape Dubai at the Dubai International Exhibition and Convention Centre from October 5-8.
Read more:
The initial findings of the Cityscape Intelligence Focus On Dubai Report were revealed ahead of next month’s Cityscape Dubai at the Dubai International Exhibition and Convention Centre from October 5-8.
Read more:
Kohler sets sights on other end of St Andrews’ 18th
Salvation is close at hand, however. Herb Kohler, an American magnate, who made his fortune in bathroom fittings and owns the luxury Old Course Hotel, which sits at the other end of the famous 18th hole from Hamilton Hall, is understood to be the front-runner to acquire it for an estimated £14 million to £15 million.
Read more:
Read more:
Sheraton Puerto Rico Convention Center Hotel & Casino to Open in November
San Juan's First New Full-Service Hotel and Casino in More than 10 Years is Also the First and Only in the Caribbean Pursuing LEED Certification
Starwood Hotels and Resorts Worldwide, Inc (NYSE:HOT) and Interlink Group announced today that the new Sheraton Puerto Rico Convention Center Hotel & Casino will open its doors in November 2009. Located adjacent to the Puerto Rico Convention Center in San Juan's newest vibrant commercial and residential district, the new 503-room property will accommodate both business and leisure travelers, offering exceptional meeting facilities, a full-service casino and resort-like amenities, including a sundeck/pool, spa and retail space. Sheraton Puerto Rico will be the first new full-service hotel and casino built in San Juan in more than 10 years
Read more:
Starwood Hotels and Resorts Worldwide, Inc (NYSE:HOT) and Interlink Group announced today that the new Sheraton Puerto Rico Convention Center Hotel & Casino will open its doors in November 2009. Located adjacent to the Puerto Rico Convention Center in San Juan's newest vibrant commercial and residential district, the new 503-room property will accommodate both business and leisure travelers, offering exceptional meeting facilities, a full-service casino and resort-like amenities, including a sundeck/pool, spa and retail space. Sheraton Puerto Rico will be the first new full-service hotel and casino built in San Juan in more than 10 years
Read more:
Darden Finds Secure Footing
Fitch recently revised its outlook on Darden Restaurants Inc. (DRI) to "Stable" from "Negative". The rating agency believes that the company is well positioned in the casual dining segment, which is still recuperating from the economic turmoil, plagued by rising unemployment and weak consumer spending.
Read more:
Read more:
IHG signs Multi-brand, Multi-location Hotel Deal with Thai Careon Corporation
Singapore, 14 September 2009 - IHG (InterContinental Hotels Group) today announced the signing of a deal with leading Thai conglomerate TCC (Thai Chareon Corporation) to convert and rebrand four existing hotels, which adds nearly 1,500 rooms to IHG's Asia Pacific portfolio.
Read more:
Read more:
Disney to expand Fantasyland at Walt Disney World
ANAHEIM, California (Reuters) - Mickey Mouse's house and his Toon Town world will make way next year for a vastly larger Fantasyland, in the biggest-ever expansion of the Magic Kingdom at Walt Disney World in Florida, Walt Disney Co said on Saturday.
The Fantasyland expansion, whose price tag was not disclosed, will open in two stages in 2012 and 2013 and builds on the popularity of the Disney Princess and Fairies franchises, which have topped $4 billion in global retail sales
Read more:
The Fantasyland expansion, whose price tag was not disclosed, will open in two stages in 2012 and 2013 and builds on the popularity of the Disney Princess and Fairies franchises, which have topped $4 billion in global retail sales
Read more:
Maui Prince workers get new contract
Union leaders and Benchmark Hospitality International have negotiated a new contract for employees at the Maui Prince hotel and Makena Resort.
Benchmark, based near Houston, will operate the resort, effective Thursday.
No details of the new deal were disclosed.
Read more:
Benchmark, based near Houston, will operate the resort, effective Thursday.
No details of the new deal were disclosed.
Read more:
OPEN LETTER TO RADISSON® GUESTS
To Radisson® Hotels & Resorts guests:
Radisson values your business and respects the privacy of your information, which is why we wish to inform you that between November 2008 and May 2009, the computer systems of some Radisson® hotels in the U.S. and Canada were accessed without authorization. This unauthorized access was in violation of both civil and criminal laws. Radisson has been coordinating with federal law enforcement to assist in the investigation of this incident. While the number of potentially affected hotels involved in this incident is limited, the data accessed may have included guest information such as the name printed on a guest’s credit card or debit card, a credit or debit card number, and/or a card expiration date.
Read more:
Radisson values your business and respects the privacy of your information, which is why we wish to inform you that between November 2008 and May 2009, the computer systems of some Radisson® hotels in the U.S. and Canada were accessed without authorization. This unauthorized access was in violation of both civil and criminal laws. Radisson has been coordinating with federal law enforcement to assist in the investigation of this incident. While the number of potentially affected hotels involved in this incident is limited, the data accessed may have included guest information such as the name printed on a guest’s credit card or debit card, a credit or debit card number, and/or a card expiration date.
Read more:
SJM Rises to Record on Increased Casino Market Share
Sept. 16 (Bloomberg) -- SJM Holdings Ltd., controlled by billionaire Stanley Ho, rose to a record in Hong Kong today after saying yesterday that its share of the casino market in Macau rose in the first half even as revenue fell.
SJM climbed 8.6 percent to HK$4.57 in Hong Kong, the highest since its trading debut in July 2008. The stock has more than doubled this year, compared with a 49 percent gain in the city’s benchmark Hang Seng Index.
Read more:
SJM climbed 8.6 percent to HK$4.57 in Hong Kong, the highest since its trading debut in July 2008. The stock has more than doubled this year, compared with a 49 percent gain in the city’s benchmark Hang Seng Index.
Read more:
