The Gaylord Opryland Resort - Nashville's largest hotel and convention center - might be closed for months due to severe damage from the unprecedented flooding over the weekend, according to the Nasvhille Business Journal.
The region experienced a historic series of storms that brought record rainfall and, now, widespread flooding, according to a Gaylord press release. The report sits adjacent to the Cumberland River and is protected by levees built to sustain 100-year-flood standard.
Read More:
Monday, May 3, 2010
Gaylord's Opryland - Nashville's largest hotel - could close for months due to unprecedented flooding
Cuba competition to be discussed at CHTIC
Discussions on whether Cuba will become the top spot for tourism in the Caribbean are set for next week's Caribbean Hotel and Tourism Investment Conference (CHTIC), where Bahamian Tourism Minister Vincent Vanderpool-Wallace will make a presentation.
Read More:
Read More:
Sunday, May 2, 2010
Court Says SF Can Levy Hotel Tax On Parking
The city of San Francisco is entitled to charge its 14 percent hotel tax on hotel parking spaces or valet parking, according to a state appeals court.
The Court of Appeal, in a ruling issued in San Francisco on Wednesday, rejected a San Mateo County woman's challenge to the application of the hotel tax to hotel parking.
Read More:
The Court of Appeal, in a ruling issued in San Francisco on Wednesday, rejected a San Mateo County woman's challenge to the application of the hotel tax to hotel parking.
Read More:
Wyndham Hotels Is On a Roll
Wyndham Hotels seems to have a fascination for hotels with numbers as part of their name. Among recent high-profile additions to the chain are the Graves 601 Wyndham Grand in Minneapolis, the Parc 55 Wyndham in San Francisco and the recently opened Fashion 26-A Wyndham Hotel in New York’s Chelsea neighborhood. While brand officials say the numerology is mere coincidence, the move toward quality isn’t.
Read More:
Read More:
40% of Hilton's near-term hotel openings outside the USA
Hilton CEO Chris Nassetta took over as Hotel Check-In's guest-hotel-CEO blogger for April. (Here are links to his first and second posts.) Here is his final post as part of our 'Checking in with the Chief' series...
Read More:
Read More:
Hoteliers boost outlook as recovery signs emerge
(Reuters) - Lodging companies Wyndham Worldwide Corp (WYN.N) and Host Hotels & Resorts Inc (HST.N) lifted their 2010 outlooks on Wednesday, spurred by signs that the industry can command higher rates and occupancies.
Read More:
Read More:
Thursday, April 29, 2010
NH HOTELES AGREES TO SELL ITS LONDON ST. ERMIN´S HOTEL TO AN INTERNATIONAL INVESTOR GROUP FOR €75M
NH Hoteles will reinforce its liquidity with the sale of the hotel Jolly St Ermin´s, in line with the asset divestment plan announced by the Company last year
The 275-room hotel, located in Westminster, was incorporated by NH Hoteles when it acquired the Italian hotel chain Jolly Hotels in 2007
After recently incorporating another hotel in London into the Group, under the management agreement with the hotel chain Hesperia, NH Hoteles will continues with a significant presence in London, with 3 hotels totalling more than 500 rooms
Read More:
The 275-room hotel, located in Westminster, was incorporated by NH Hoteles when it acquired the Italian hotel chain Jolly Hotels in 2007
After recently incorporating another hotel in London into the Group, under the management agreement with the hotel chain Hesperia, NH Hoteles will continues with a significant presence in London, with 3 hotels totalling more than 500 rooms
Read More:
Big expansion planned at Whitbread as profits soar by 77%
Whitbread is targeting a 32% expansion in its Premier Inn hotel brand to 55,000 rooms in the UK by 2015, and could increase its Costa brand to 3,000 stores worldwide over the same period.
The news came as the group announced that total revenue climbed by 7.5% to almost £1.44b in 2009, thanks to the expansion of its Premier Inn, Costa and restaurant brands.
The group also pointed to improving like-for-like sales in the final quarter of the year, following a tough start to the year, which meant that overall like-for-like sales were down just 0.5% in 2009.
Read More:
The news came as the group announced that total revenue climbed by 7.5% to almost £1.44b in 2009, thanks to the expansion of its Premier Inn, Costa and restaurant brands.
The group also pointed to improving like-for-like sales in the final quarter of the year, following a tough start to the year, which meant that overall like-for-like sales were down just 0.5% in 2009.
Read More:
STARWOOD REPORTS FIRST QUARTER 2010 RESULTS
First Quarter 2010 Highlights
􀂃 Excluding special items, EPS from continuing operations was $0.13. Including
special items, EPS from continuing operations was $0.16.
􀂃 Adjusted EBITDA was $179 million.
􀂃 Excluding special items, income from continuing operations was $24 million.
Including special items, income from continuing operations was $30 million.
􀂃 Worldwide System-wide REVPAR for Same-Store Hotels increased 6.3% (3.0% in
constant dollars) compared to the first quarter of 2009. System-wide REVPAR for
Same-Store Hotels in North America increased 2.8% (1.2% in constant dollars).
Read More:
􀂃 Excluding special items, EPS from continuing operations was $0.13. Including
special items, EPS from continuing operations was $0.16.
􀂃 Adjusted EBITDA was $179 million.
􀂃 Excluding special items, income from continuing operations was $24 million.
Including special items, income from continuing operations was $30 million.
􀂃 Worldwide System-wide REVPAR for Same-Store Hotels increased 6.3% (3.0% in
constant dollars) compared to the first quarter of 2009. System-wide REVPAR for
Same-Store Hotels in North America increased 2.8% (1.2% in constant dollars).
Read More:
Wednesday, April 28, 2010
'Major progress' in Baha Mar's Scotia loan talks
BAHA Mar and Scotiabank were last night said to be "close" to a resolution over the latter's $170 million syndicated loan that financed the developer's acquisition of the existing Cable Beach properties, sources close to the situation telling Tribune Business that "tremendous progress" had been made.
This newspaper was told that Baha Mar and the bank, which is involving executives from its Toronto head office in the talks, had been meeting since the developer signed the $2.5 billion loan with China Export-Import Bank to facilitate the $2.6 billion Cable Beach redevelopment.
Read More:
This newspaper was told that Baha Mar and the bank, which is involving executives from its Toronto head office in the talks, had been meeting since the developer signed the $2.5 billion loan with China Export-Import Bank to facilitate the $2.6 billion Cable Beach redevelopment.
Read More:
Bahamian Hotel union members go to the polls
THE 'A' Team representing Nicole Martin in the Bahamas Hotel Catering and Allied Workers Union election was "confident but not celebratory" at press time, as they waited for the final results, late last night.
Hubert Saunders, candidate for treasurer on the 'A' Team, said they were waiting on the last votes to be counted. That was not expected for another two hours, which would be about midnight.
Hundreds of workers gathered between Worker's House, on Harrold Road, and the National Centre for Performing Arts on Shirley Street while ballots were being counted. The atmosphere was rowdy and festive, with the police having to intervene in an altercation between supporters at the Shirley Street polling station.
Read More:
Hubert Saunders, candidate for treasurer on the 'A' Team, said they were waiting on the last votes to be counted. That was not expected for another two hours, which would be about midnight.
Hundreds of workers gathered between Worker's House, on Harrold Road, and the National Centre for Performing Arts on Shirley Street while ballots were being counted. The atmosphere was rowdy and festive, with the police having to intervene in an altercation between supporters at the Shirley Street polling station.
Read More:
Vail's Four Seasons delayed as owner files lawsuit
VAIL, Colorado — The completion date of the Four Seasons in Vail, Colorado has been delayed again, and the owner has filed a multi-million-dollar lawsuit against a consultant.
The $250 million hotel-condo-fractional project was supposed to open in June, but a spokeswoman said there is currently no opening date slated for the project.
Read More:
The $250 million hotel-condo-fractional project was supposed to open in June, but a spokeswoman said there is currently no opening date slated for the project.
Read More:
Thieves Wheel ATM Out of Hotel Lobby
Two men remain at large after wheeling away an ATM machine full of $15,000 in cash early Monday morning and arousing the suspicion of a coffee shop worker.
According to Garden Grove police, one of the men, who wheeled a moving dolly into the lobby of the Crown Plaza Hotel about 5:10 a.m. Monday, was wearing a black vest with yellow lettering that could have been confused for a police or security guard uniform.
Read More:
According to Garden Grove police, one of the men, who wheeled a moving dolly into the lobby of the Crown Plaza Hotel about 5:10 a.m. Monday, was wearing a black vest with yellow lettering that could have been confused for a police or security guard uniform.
Read More:
Chicago Gold Coast hotel misses loan payments
Crain’s) — The owner of the Hotel Indigo in the Gold Coast has fallen behind on loan payments, another case illustrating the downside of loading up on debt at the peak of the market.
Three years after refinancing the hotel with a $27-million loan, Neighborhood Development Corp. is in jeopardy of losing the property at 1244 N. Dearborn Parkway, which is no longer generating enough cash flow to cover $2 million in annual debt service costs.
Read More:
Three years after refinancing the hotel with a $27-million loan, Neighborhood Development Corp. is in jeopardy of losing the property at 1244 N. Dearborn Parkway, which is no longer generating enough cash flow to cover $2 million in annual debt service costs.
Read More:
Bartender Allegedly Tried To Rape Hotel Guest In Chelsea
A creepy bartender at a swank Chelsea hotel allegedly tried to rape a patron after getting his hands on a key card to her room, The Post has learned.
But the victim furiously fought off the fiend, who allegedly attacked her as she slept at the Wyndham Garden Hotel on West 24th Street.
Manuel Gomez-Rodriguez, 30, met the 27-year-old woman early Friday morning in the bar at the hotel's on-site restaurant, San Rocco, where he mixes drinks, sources said.
Read More:
But the victim furiously fought off the fiend, who allegedly attacked her as she slept at the Wyndham Garden Hotel on West 24th Street.
Manuel Gomez-Rodriguez, 30, met the 27-year-old woman early Friday morning in the bar at the hotel's on-site restaurant, San Rocco, where he mixes drinks, sources said.
Read More:
