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Marriott takes another green laundry step with pre-washed towels
BETHESDA, MD—Greening the supply chain is one of the key points in Marriott International’s environmental strategy and the effort extends through its hotel operations up to—and including—the upgrades it is making in its laundries. And such upgrades have now extended to what are called “room-ready towels,” which are saving an estimated six million gallons of water annually.
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BETHESDA, MD—Greening the supply chain is one of the key points in Marriott International’s environmental strategy and the effort extends through its hotel operations up to—and including—the upgrades it is making in its laundries. And such upgrades have now extended to what are called “room-ready towels,” which are saving an estimated six million gallons of water annually.
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Starwood Appoints New Global Development President
WHITE PLAINS, NY— Simon Turner has been appointed as the new president of global development for Starwood Hotels & Resorts Worldwide, Inc.
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WHITE PLAINS, NY— Simon Turner has been appointed as the new president of global development for Starwood Hotels & Resorts Worldwide, Inc.
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Hilton Executive Changes Also Involve Carter, Keltner, Wang and Harvey
BEVERLY HILLS, CA— In conjunction with its appointment of ex-Sunstone Hotel Investors President and CEO Steven Goldman as its new president of global development and real estate, Hilton Hotels Corp. has also promoted three other executives.
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BEVERLY HILLS, CA— In conjunction with its appointment of ex-Sunstone Hotel Investors President and CEO Steven Goldman as its new president of global development and real estate, Hilton Hotels Corp. has also promoted three other executives.
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Jim Butler, JMBM
HENDERSON, NV— The affects of the credit crunch and the cyclical hotel industry downturn have been discussed across the lodging industry ad infinitum for the past few months, with doom and gloom scenarios the subsequent by product. Today, at the 18th annual Meet The Money conference here, it seemed as if the hotel investment and lending community finally came to grips with these facts and, more importantly, made the first proactive steps toward actually figuring out how to handle it all.
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Watermark, W.P. Carey Venture Seeks REIT Status
NEW YORK—According to filings with the United States Securities and Exchange Commission, a newly formed venture between W.P. Carey and Watermark Capital Partners—Carey Watermark Investors Inc.—is seeking real estate investment trust (REIT) status in order to acquire, own and dispose of lodging and lodging-related properties.
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NEW YORK—According to filings with the United States Securities and Exchange Commission, a newly formed venture between W.P. Carey and Watermark Capital Partners—Carey Watermark Investors Inc.—is seeking real estate investment trust (REIT) status in order to acquire, own and dispose of lodging and lodging-related properties.
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Sheraton To Open Another 54 Properties By 2009
WHITE PLAINS, NY— As part of Sheraton Hotels & Resorts’ expansion and brand revitalization initiative, the brand is now poised to open 54 hotels with 20,000 rooms by 2009. Furthermore, such an expansion will involve $2 billion worth of new hotel openings in North America moving forward.
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WHITE PLAINS, NY— As part of Sheraton Hotels & Resorts’ expansion and brand revitalization initiative, the brand is now poised to open 54 hotels with 20,000 rooms by 2009. Furthermore, such an expansion will involve $2 billion worth of new hotel openings in North America moving forward.
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Cornell's hotel school continues to show the way for
tomorrow's hospitality executives through Dean's Lecture Series
It’s the first day of class at Cornell University and its prestigious School of Hotel Administration in Ithaca, NY, and the school’s home, Statler Hall, is buzzing with students as the realities of a new school year and the memories of summer switch mental positions.
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It’s the first day of class at Cornell University and its prestigious School of Hotel Administration in Ithaca, NY, and the school’s home, Statler Hall, is buzzing with students as the realities of a new school year and the memories of summer switch mental positions.
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Goldman Steps Down As Sunstone CEO To Take Top Hilton Development Job
SAN CLEMENTE, CA— Steven Goldman, president and CEO of Sunstone Hotel Investors, has resigned to become president of Hilton Hotels Corp's global real estate and development group.
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SAN CLEMENTE, CA— Steven Goldman, president and CEO of Sunstone Hotel Investors, has resigned to become president of Hilton Hotels Corp's global real estate and development group.
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AH&LA Uncovers Hotel Industry’s Top Green Trends, Challenges
WASHINGTON— Through its Green Assessment Survey, the American Hotel & Lodging Association has unveiled the top 10 environmentally sustainable initiatives hotels are currently deploying along with the top 10 green programs hotels can improve upon.
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WASHINGTON— Through its Green Assessment Survey, the American Hotel & Lodging Association has unveiled the top 10 environmentally sustainable initiatives hotels are currently deploying along with the top 10 green programs hotels can improve upon.
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Starwood's Klein, Lalvani Join Hilton Hotels
BEVERLY HILLS, CA- In an effort to further develop its presence in the luxury and lifestyle sectors, Hilton Hotels Corporation has added Ross Klein and Amar Lalvani to its executive team.
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BEVERLY HILLS, CA- In an effort to further develop its presence in the luxury and lifestyle sectors, Hilton Hotels Corporation has added Ross Klein and Amar Lalvani to its executive team.
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Davidson Enters Joint Venture To Acquire Tampa Airport Sheraton
TAMPA— Square Mile Capital Management LLC and Davidson Hotel Company have formed a joint venture to acquire the Sheraton Suites Tampa Airport/Westshore in Florida.
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TAMPA— Square Mile Capital Management LLC and Davidson Hotel Company have formed a joint venture to acquire the Sheraton Suites Tampa Airport/Westshore in Florida.
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Storey Named President Of Fairmont Hotels
TORONTO—Fairmont Raffles Hotels International has appointed Thomas Storey president of Fairmont Hotels and Resorts, effective May 1. Storey will succeed Chris Cahill.
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TORONTO—Fairmont Raffles Hotels International has appointed Thomas Storey president of Fairmont Hotels and Resorts, effective May 1. Storey will succeed Chris Cahill.
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Sitting on millions of ready-to-deploy funds,.Noble investment Group is poised to turn aggressive
When it comes to having “cautious optimism,” Noble Investment Group appears to have a lock on this attitude which is often brought into play during “we-know-it-will-get-better” times.
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When it comes to having “cautious optimism,” Noble Investment Group appears to have a lock on this attitude which is often brought into play during “we-know-it-will-get-better” times.
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Hotels are still getting built; it’s just taking longer now
In the midst of the most severe downturn the global hotel industry has experienced in decades, new room supply would seemingly be anathema to hotel operators and brand leaders alike. However, with owners planning for the inevitable upturn, replacement of obsolete product and strategic positioning for long-term brand dominance means that—as long as financing is available—new hotel rooms will continue to open, though likely at a somewhat slower pace in the near-term.
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In the midst of the most severe downturn the global hotel industry has experienced in decades, new room supply would seemingly be anathema to hotel operators and brand leaders alike. However, with owners planning for the inevitable upturn, replacement of obsolete product and strategic positioning for long-term brand dominance means that—as long as financing is available—new hotel rooms will continue to open, though likely at a somewhat slower pace in the near-term.
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Jones Lang LaSalle Hotels Forecasts $20B Drop In ’08 Deal Volume
CHICAGO— Following the record-shattering hotel transaction volume total of $45 billion in 2007, Jones Lang LaSalle Hotels is forecasting in its latest investment report that 2008’s volume will fall considerably and land between $23 billion and $26 billion.
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CHICAGO— Following the record-shattering hotel transaction volume total of $45 billion in 2007, Jones Lang LaSalle Hotels is forecasting in its latest investment report that 2008’s volume will fall considerably and land between $23 billion and $26 billion.
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HB ON THE SCENE: Top CEO's Check-In With Plenty Of Perspective
NEW YORK- Three of the indsutry's most high-profile and well-known CEO's were brought together for the opening session at the NYU Industry Investment Conference and the discussion included everything from sucession plans to eco-friendly brands to long-term investment strategies.
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NEW YORK- Three of the indsutry's most high-profile and well-known CEO's were brought together for the opening session at the NYU Industry Investment Conference and the discussion included everything from sucession plans to eco-friendly brands to long-term investment strategies.
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Sheraton’s Revitalization Reaches Higher Level With New Guestroom, Lobby Concepts
WHITE PLAINS, NY— Following its first unveiling of plans to reposition and revitalize the Sheraton Hotels & Resorts brand in June 2007, Starwood Hotels & Resorts Worldwide, Inc. has now followed that up with more concrete brand-wide measures, including plans for $1.3 billion in renovations, $400 million in key brand initiatives and $2 billion in new Sheraton openings.
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WHITE PLAINS, NY— Following its first unveiling of plans to reposition and revitalize the Sheraton Hotels & Resorts brand in June 2007, Starwood Hotels & Resorts Worldwide, Inc. has now followed that up with more concrete brand-wide measures, including plans for $1.3 billion in renovations, $400 million in key brand initiatives and $2 billion in new Sheraton openings.
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Starwood To Position Element As LEED-Certified Brand
WHITE PLAINS, NY— Starwood Hotels & Resorts’ newest brand, Element, will now mandate LEED-certification in all of its hotels. The first Element is scheduled to debut this summer and 20 are set to open by the end of 2009.
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WHITE PLAINS, NY— Starwood Hotels & Resorts’ newest brand, Element, will now mandate LEED-certification in all of its hotels. The first Element is scheduled to debut this summer and 20 are set to open by the end of 2009.
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McSam Group Buys Lower Manhattan Site For $56M
NEW YORK—McSam Hotel Group, LLC, led by Sam Chang, has acquired a Lower Manhattan development site—6 Water Street (aka 32-38 Pearl St.)—for $56 million, with plans to build a hotel tower.
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NEW YORK—McSam Hotel Group, LLC, led by Sam Chang, has acquired a Lower Manhattan development site—6 Water Street (aka 32-38 Pearl St.)—for $56 million, with plans to build a hotel tower.
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Nakheel Hotels Acquires 50% Interest In Miami Fontainebleau
MIAMI—Nakheel Hotels, a division of Dubai-based property developer Nakheel, best known for developing The Palm islands and The World, has invested $375 million in exchange for a 50% interest in Fontainebleau Resorts, LLC's iconic Fontainebleau Miami Beach resort.
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MIAMI—Nakheel Hotels, a division of Dubai-based property developer Nakheel, best known for developing The Palm islands and The World, has invested $375 million in exchange for a 50% interest in Fontainebleau Resorts, LLC's iconic Fontainebleau Miami Beach resort.
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Wyndham’s Pierce to set Hotel Group strategy
PARSIPPANY, NJ—Wyndham Hotel Group has seen a number of changes on its executive roster over the past several weeks. While the departure of CEO Steve Rudnitsky has been the most publicized of those changes, the company has also done a bit of reshuffling to better prepare it for the years ahead, including the promotion of Keith Pierce from group president to president of brand operations for the Americas.
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PARSIPPANY, NJ—Wyndham Hotel Group has seen a number of changes on its executive roster over the past several weeks. While the departure of CEO Steve Rudnitsky has been the most publicized of those changes, the company has also done a bit of reshuffling to better prepare it for the years ahead, including the promotion of Keith Pierce from group president to president of brand operations for the Americas.
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HB ON THE SCENE:
Wyndham To Acquire Microtel, Hawthorn
NEW YORK— Wyndham Worldwide Corp. last night took advantage of the sweeping panoramic view from atop the Top of the Rock here to let the world know it would be acquiring US Franchise Systems, Inc. and its Hawthorn Suites and Microtel Inns and Suites brands from Chicago-based Global Hyatt Corp.
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NEW YORK— Wyndham Worldwide Corp. last night took advantage of the sweeping panoramic view from atop the Top of the Rock here to let the world know it would be acquiring US Franchise Systems, Inc. and its Hawthorn Suites and Microtel Inns and Suites brands from Chicago-based Global Hyatt Corp.
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Unit-Level Hotel Profits Grew 7.2% in '07; Slowdown Ahead: PKF Report
ATLANTA—PKF Hospitality Research has found the average hotel enjoyed a 7.2% gain in net operating income in 2007, more than twice the pace of inflation for the year, but the single-digit gain was the lowest year-over-year increase since 2004.
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ATLANTA—PKF Hospitality Research has found the average hotel enjoyed a 7.2% gain in net operating income in 2007, more than twice the pace of inflation for the year, but the single-digit gain was the lowest year-over-year increase since 2004.
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IHG to bring 28 ex-stay hotels to Houston
HOUSTON—IHG clearly has no problem with Houston—at least not when it comes to extended-stay hotels. The company plans to add 28 new Staybridge Suites and Candlewood Suites properties totaling approximately 2,400 rooms to the Houston market over the next several years.
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HOUSTON—IHG clearly has no problem with Houston—at least not when it comes to extended-stay hotels. The company plans to add 28 new Staybridge Suites and Candlewood Suites properties totaling approximately 2,400 rooms to the Houston market over the next several years.
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Kronos Set To Build Crowne Plaza In Buckhead
ATLANTA— A 17-story, 238-room Crowne Plaza will now be built within Atlanta’s Buckhead neighborhood. Kronos Hotels, LLC is the developer and owner of the project, which will cost an estimated $75 million.
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ATLANTA— A 17-story, 238-room Crowne Plaza will now be built within Atlanta’s Buckhead neighborhood. Kronos Hotels, LLC is the developer and owner of the project, which will cost an estimated $75 million.
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La Quinta Recognized By Hotel Business As Top Growing Brand
EAST SETAUKET, NY— La Quinta has been recognized by HOTEL BUSINESS® as the fastest growing brand in the hotel industry, according to the publication's recent Top Hotels Brands Report
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EAST SETAUKET, NY— La Quinta has been recognized by HOTEL BUSINESS® as the fastest growing brand in the hotel industry, according to the publication's recent Top Hotels Brands Report
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Element Hotel Slated For VA
VIENNA, VA— A new Element Hotel will debut here in September 2010.
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VIENNA, VA— A new Element Hotel will debut here in September 2010.
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St. Regis Fort Lauderdale Up For Sale
TAMPA, FL— The 197-key St. Regis Resort, Fort Lauderdale, which opened in May of 2007 and includes condo hotel units, has been put on the sales block. The Plasencia Group is handling the disposition. Castillo Grand, LLC developed the resort for an estimated $135 million.
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TAMPA, FL— The 197-key St. Regis Resort, Fort Lauderdale, which opened in May of 2007 and includes condo hotel units, has been put on the sales block. The Plasencia Group is handling the disposition. Castillo Grand, LLC developed the resort for an estimated $135 million.
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Hilton Maps Sustainability Plans
BEVERLY HILLS, CA— Hilton Hotels Corp. has charted several short- and long-term goals toward building sustainability into its businesses worldwide over the next five years.
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BEVERLY HILLS, CA— Hilton Hotels Corp. has charted several short- and long-term goals toward building sustainability into its businesses worldwide over the next five years.
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Gaylord speeds up guest comment analytics, driving CRM turnaround
NASHVILLE, TN—Nearly every hotel company these days seems to focus deeply on customer care. Consequently, guests are constantly bombarded with comment cards or surveys following their stays. But what good is that information if it takes weeks upon weeks to find out and act upon what happened during those stays?
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NASHVILLE, TN—Nearly every hotel company these days seems to focus deeply on customer care. Consequently, guests are constantly bombarded with comment cards or surveys following their stays. But what good is that information if it takes weeks upon weeks to find out and act upon what happened during those stays?
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