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SALISBURY, Md. and NEW YORK, Nov. 4 2008 - Marshall Management, Inc., a leading, mid-sized hotel management company, today announced that it has opened the 150-room Four Points by Sheraton Manhattan SoHo and 160-room Hampton Inn Manhattan SoHo, marking the company’s second and third managed hotels in New York City. …
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ARLINGTON, Va., Nov. 4 2008 - Interstate Hotels & Resorts (NYSE:IHR), a leading hotel real estate investor and the nation’s largest independent operator of full- and select-service hotels, today announced that it has signed a contract to manage the hotel component of a 3,000,000 square-foot, futuristic indoor resort to be…
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DALLAS, Nov. 4 2008 - Management of Brinker International, Inc. (NYSE:EAT), will participate in the upcoming Morgan Stanley Global Consumer & Retail Conference on Nov. 19th at 11:15 a.m. Eastern. A simulcast of the presentation will be available on the company’s Web site—http://www.brinker.com/. An online replay of the presentation will…
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MIAMI, Nov. 3 2008—Celebrity Cruises’ employees and other South Florida residents turned out this morning to welcome Celebrity Solstice as the ship begins its U.S. debut. The sleek, 122,000-ton ship includes the industry’s first half-acre Lawn Club with real grass and Hot Glass Show with live glassblowing demonstrations; 10 varied…
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NORFOLK, NE - 11/03/08—Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT) which owns 125 hotels in 24 states, today announced results for the third quarter ended September 30, 2008. Revenues for the 2008 third quarter rose 3.3 percent to $35.2 million, compared to the 2007 third quarter.…
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CLEVELAND, Nov. 3 2008 - Agilysys, Inc. (NASDAQ:AGYS) announced today that actions taken during the past two weeks to realign its overhead infrastructure have led to an additional $8 million in annualized cost savings. These savings are over and above the $17 million of cost reductions previously announced in June…
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ORLANDO, Fla., Nov. 3 2008 - Darden Restaurants, Inc. (NYSE:DRI) has elected Christopher J. (CJ) Fraleigh, executive vice president and chief operating officer—North America of Sara Lee Corporation, to its board of directors effective November 3, 2008. Darden owns and operates Red Lobster, Olive Garden, LongHorn Steakhouse, The Capital Grille,…
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COLUMBIA, Md., Nov. 3 2008 - MICROS Systems, Inc. (NASDAQ:MCRS), a leading provider of information technology solutions for the hospitality and retail industries, is pleased to announce that Barneys New York, has selected the MICROS RES point-of-sale (POS) solution, MICROS Kitchen Display Systems (KDS), and mymicros business intelligence reporting for…
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DALLAS, Nov. 3 2008 - Hotel Brokers International (HBI), the nation’s largest hotel brokerage organization with more than 30 offices from coast to coast, today announced that it will hold the next US Hotel Investor’s Marketplace program at the Crowne Plaza Dallas Market Center, in Dallas, Texas, on November 5. …
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HISTORIC FREDERICKSBURG, Va., Nov. 3 /PRNewswire/—This election and holiday season, D.C. area residents and visitors can unwind with a new gourmet wine and food pairing experience blending local and global tastes in an eclectic setting surrounded by presidential history. “kybecca wine bar & shop” has expanded its successful wine store…
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BROOMFIELD, Colo., Nov. 3 2008 - Vail Resorts, Inc. (NYSE:MTN) announced today that it closed its transaction to acquire the resort ground transportation business, Colorado Mountain Express (CME), for a total consideration of $38.3 million, which amount will be adjusted for the final balances of certain working capital related accounts…
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KENWOOD (SONOMA VALLEY), Calif., Nov. 3 - Fine wine and street art may not be a typical combination, but Kenwood’s 30th legendary Artist Series Cabernet Sauvignon masterfully brings them together on the wine’s commemorative label, featuring work by famed artist Shepard Fairey. After three decades of showcasing a different piece…
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Steve Rushmore, president and founder of HVS, the leading global hospitality consulting and hotel appraisal firm, has announced the publication of the 2008 Hotel Valuation Index (HVI), which tracks and discusses hotel values in each of the 65 major U.S. markets and the United States as a whole. According to…
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LOS ANGELES - Nov. 3, 2008—Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) and SBE today announced the debut of the 297 room Philippe Starck-designed SLS Hotel at Beverly Hills, A Luxury Collection Hotel. Introducing dynamic new concepts for dining and guest services, SLS offers a truly evolved luxury hospitality…
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WHITE PLAINS, N.Y.—(BUSINESS WIRE)—Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced today that it has completed the sale of the 196-room Westin Excelsior in Venice Lido, Italy, the 191-room Hotel Des Bains in Venice Lido, Italy and the 31-room Villa Cipriani in Asolo, Italy to Estcapital-SGR S.p.A. for 164 million…
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