NEW YORK, March 1, 2011 - Morgans Hotel Group Co. (Nasdaq: MHGC) (“MHG” or the “Company”) today reported financial results for the quarter and year ended December 31, 2010. — Adjusted EBITDA, was $18.4 million in the fourth quarter of 2010, an increase of 40.0% from…
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Comments • Posted on Mar 01, 2011 - 10:49 PM
London, March 1, 2011: eRevMax, the award winning online channel management technology provider, has developed innovative room distribution and pricing automation features into its product lines. With the availability of Allocation Management and AutoRTSE hoteliers can now save additional time by further automating and optimizing revenue strategies. Separately or combined…
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Comments • Posted on Mar 01, 2011 - 03:55 PM
TORONTO, February 28, 2011 - Fairmont Hotels & Resorts (“Fairmont”) and Business Gate announced the signing of their agreement for Fairmont to manage a new 287-room luxury hotel and 4,000 square meter convention centre in Riyadh, Saudi Arabia slated to open late 2012. Located just north of the city, Fairmont…
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Comments • Posted on Feb 28, 2011 - 08:59 PM
BROOMFIELD, Colo., Feb. 28, 2011 - RockResorts, a subsidiary of Vail Resorts, Inc. (NYSE: MTN), will continue its expansion into the tropics with the addition of Bimini Bay Resort and Marina, an existing 350-unit resort on Bimini, the Western-most island of The Bahamas. Starting March 1, the existing resort properties,…
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Comments • Posted on Feb 28, 2011 - 03:15 PM
PARSIPPANY, N.J., Feb. 25, 2011 -Wyndham Worldwide Corporation (NYSE: WYN) announced today its Board of Directors declared a cash dividend of $0.15 per share on its common stock, payable March 25, 2011 to shareholders of record as of March 10, 2011.
SOURCE Wyndham Worldwide Corporation
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Comments • Posted on Feb 25, 2011 - 11:06 PM
SILVER SPRING, Md., Feb. 23, 2011 - The board of directors of Choice Hotels International, Inc., (NYSE: CHH) today announced the promotion of Patrick Pacious to executive vice president, global strategy, distribution and technology. In this role, he is responsible for identifying and leading growth initiatives through oversight of the…
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Comments • Posted on Feb 23, 2011 - 07:48 PM
MERRILLVILLE, Ind., Feb. 22, 2011 - White Lodging recently announced the company will change the hospitality management company into two divisions - Full Service and Select Service. Current COO, Jon Peck, will lead the Full Service division, and Bryan Hayes has been hired to head up the Select Service division. …
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Comments • Posted on Feb 22, 2011 - 10:21 PM
Silver Spring, Md. (February 22, 2011) – Choice Hotels International, Inc. (NYSE: CHH) continues to grow with the announcement of 15 newly-opened franchised properties during the month of January. The openings include hotels in five states and five additional countries, adding more than 1,000 rooms to the company’s existing 490,000-plus…
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Comments • Posted on Feb 22, 2011 - 10:17 PM
Comment from the CEO: “2010 has been a very positive year for us. We experienced a recovery in all geographical regions and a robust increase in margins as a result of the RevPAR improvement and the cost saving measures initiated in 2008/2009. We also reported a substantial increase in free…
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Comments • Posted on Feb 22, 2011 - 08:22 PM
SPOKANE, Wash., Feb. 17, 2011 - Red Lion Hotels Corporation (NYSE: RLH) announced today that the Red Lion Hotel Oakland International Airport in Northern California has officially converted to the brand. “The sheer power of joining a known brand has already helped our property gain exposure,” said Rao R. Yalamanchili,…
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Comments • Posted on Feb 17, 2011 - 09:07 PM