• Gansevoort Files Suit Over Miami Hotel

  PRESS RELEASE, February 5, 2010
  Suit alleges current owners of the hotel do not have the right to terminate the management agreement and dismiss Gansevoort Fla. as manager of the 334-key Gansevoort South resort.  More

• Marriott Reinstates Cash Dividend

  PRESS RELEASE, February 5, 2010
  BETHESDA, MARYLAND — Marriott International Inc. has reinstated cash dividends, following three quarters of paying dividends in the form of stock.  More

• Magnuson Hotels Accumulate US$1.4b In Financing

  PRESS RELEASE, February 3, 2010
  Magnuson Hotels announces that nearly 700 hotels signed in the past 24 months have received over US$1.4 billion in non-franchise hotel financing.  More

• Warnick + Co. Named Asset Manager Of Montelucia Resort

  Press Release, February 2, 2010
  Warnick + Co. has been appointed asset manager of the 293-room luxury Montelucia Resort in Paradise Valley, Ariz., by the property's lender, a bank consortia led by Eurohypo AG.  More

• Late Occupancy Growth Can't Save Europe From Woeful 2009

  PRESS RELEASE, February 1, 2010
  Despite the majority of the sample cities benefiting from a growth in volume in December, 2009 proved to be a tough year across Europe, with gross operating profit per available room (GOPPAR) declining by more than 30% in half of the sample cities, according to the latest HotStats survey from TRI Hospitality Consulting.  More

• MGM Mirage May Quit Borgata Ownership

  January 29, 2010
  MGM Mirage is preparing to divest its 50% stake in Atlantic City's Borgata Hotel Casino & Spa, in response to concerns raised by New Jersey gaming regulators over MGM's Macau partnership with Pansy Ho.  More

• Shell Vacations Raises Growth Capital

  PRESS RELEASE, January 29, 2010
  Shell Vacations LLC has received a substantial investment from York Capital Management, a leading global investment firm.  More

• Phuket Hotels Lose US$300 Million In Rate Plunge

  PRESS RELEASE, January 28, 2010
  PHUKET — Industry-wide discounting by Phuket hotels cost the industry on the island US$300 million in room revenue in 2009, according to the Phuket Hotel Market Update report compiled by Thailand consultancy C9 Hotelworks.  More

• Worldhotels Added 54 Members In 2009

  PRESS RELEASE, January 28, 2010
  Worldhotels welcomed 54 new affiliates to its global portfolio in 2009, which is an increase of 12% on the number of hotels admitted in the previous year.  More

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