Hotels and Resorts

Extended Stay’s new suitors include Barry Sternlicht March 18, 2010 Barry Sternlicht, founder of Starwood Hotels & Resorts and its W brand, is making a bid to buy the Extended Stay budget hotel chain out of bankruptcy. February occupancy rises at ski resorts March 18, 2010 Occupancy at Western ski resorts was up slightly in February and bookings continue to pick up, according to the latest data from the Mountain Travel Research Program. Starwood quietly pilots loyalty program for top customers March 17, 2010 Starwood Hotels & Resorts is testing a new rewards program that goes beyond the traditional focus on loyalty, targeting travelers based on their earning potential and ability to influence others to travel. Sustainability an integral part of Sol Melia's growth strategy March 16, 2010 Sol Melia Hotels & Resorts is not just about rooms. True, guestrooms are the visible product of the Spain-based hotel firm. Among its seven brands, Sol Melia's inventory stands at 76,000 rooms in 306 hotels in 28 countries as well as its Vacation Club for owners. Hoteliers battle online travel agencies on Capitol Hill March 14, 2010 Groups pushing legislation to exempt online travel companies from hotel occupancy taxes have launched a preemptive strike — sending an open letter to hoteliers seeking talks on the matter. Meanwhile, the American Hotel & Lodging Association prepared for a day of lobbying against their proposal.   MGM Mirage to sell Borgata stake March 12, 2010 MGM Mirage has reached an agreement with the state of New Jersey to sell its 50% stake in the Borgata, a hotel-casino in Atlantic City. Convention hotel gets go-ahead in Palm Beach County March 11, 2010 Palm Beach County has approved the development of a 400-room Hilton in West Palm Beach, Fla. Locked-out hotel guests not properly compensated, says agent March 11, 2010 The repercussions continue from the union lockout at the Radisson Paraiso Hotel in Mexico City on March 1. Hotel baker awarded $3 million in suit against Starwood March 11, 2010 A federal jury in Manhattan has ordered Starwood Hotels & Resorts to pay $3 million to a baker at the Westin Times Square, who claimed he was retaliated against for filing repeated discrimination claims. Disney unveils $700 annual parks pass March 11, 2010 At its annual shareholders meeting on Wednesday, Walt Disney Co. introduced a $700 annual pass, good for admission to all parks at the Disneyland and Disney World resorts. Extended Stay eyes June bankruptcy exit March 11, 2010 Extended Stay Hotels has filed a reorganization plan, saying it intends to emerge from bankruptcy this June. Vail Resorts' second-quarter profit dips 33% March 11, 2010 Vail Resorts reported a 33% drop in second-quarter profit due to a slow start to the Colorado ski season, fewer real estate transactions and lower lodging revenue. Sandals to build overwater suites at St. Lucia resort March 10, 2010 The Sandals Grande St. Lucian Spa & Beach Resort will get 26 overwater suites in 2012. Morgans hotel executive found dead March 10, 2010 Hotel industry veteran Andrew Kwasniewski, president of Morgans Hotel Group Las Vegas and COO of Hard Rock Hotel Inc., was found dead in his Las Vegas home. Tropicana Entertainment exits bankruptcy March 10, 2010 Tropicana Entertainment has emerged from Chapter 11 reorganization in a deal backed by financier Carl Icahn. Doubletree Merida planned for 2011 March 10, 2010 Hilton Worldwide signed a multiyear management agreement with the Mexican company Consorcio Hotelero S.A. de C.V. to manage the Doubletree by Hilton, Merida. Developers complete first phase of Grand Cayman resort March 9, 2010 The Riviera, Grand Cayman has completed its first phase of reconstruction. MGM Mirage proposes notes offering to pay debt March 9, 2010 MGM Mirage plans a private offering of up to $845 million in senior secured notes due 2020. Bucuti Beach to become adults-only resort March 9, 2010 Bucuti Beach Resort in Aruba will launch an adults-only policy, setting a minimum age requirement of 18 years for guests, effective Dec. 23. Opening of W Vieques moved up to March 25 March 9, 2010 The opening date for the W Retreat & Spa, Vieques Island has been moved up to March 25. In November, the hotel announced that it would open in May. Evolution of the hotel bathroom March 9, 2010 Hotel designers and developers are looking to the hotel bathroom as the new frontier of the guestroom, seeking to turn what has long been a mostly functional space into an 'oasis,' a 'mini-spa,' even an 'escape.' Harrah’s gets relaxed terms on loan March 8, 2010 Harrah's lenders agreed to extend repayment of $5.5 billion in loans until 2015. These loans were originally sold as commercial mortgage-backed securities (CMBS). Carlson plans Radisson overhaul March 8, 2010 Carlson Hotels unveiled its long-anticipated plans for an overhaul and expansion of its Radisson brand, vowing to spend up to $1.5 billion to update and upgrade its North American properties and add flagship hotels in the top U.S. markets. Union locks out 150 guests from Radisson in Mexico City March 8, 2010 More than 150 guests at the Radisson Paraiso Hotel in Mexico City were locked out of the hotel for two nights last week — some without essential medications — by striking union employees.

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