Interstate Hotels sale brings $10.6M Nov 19, 2009
The company and its affiliates manages a total of 228 hospitality properties with more than 46,000 rooms in 37 states, the District of Columbia, Russia, India, Mexico, Belgium, Canada and Ireland. Interstate also has contracts to manage 13 properties to be built. (Washington Business Journal, DC)
TA buying stake in Singapore hotel for RM635mil Aug 25, 2009
The acquisition is expected to bring synergistic benefits to the group as it will further enhance TA Enterprises hospitality operations in major cities around the world and increase its existing portfolio of hospitality properties, it said. TA Enterprise recently concluded the acquisition of the 262-room The Westin Melbourne at a cost of A$160mil. (The Star Online, Malaysia -- Business)
Connexion Technologies Breaks Top 100 of the Inc. 500 as NC's Fastest Growing Company Aug 18, 2009
Connexion Technologies customizes and manages state of the art communications networks in single-family, multi-family, high-rise, resort and hospitality properties nationwide. Its award-winning networks optimize the communication experience and value of properties for residents and property owners, creating A Better Connection(SM). (Yahoo! Wire -- Entertainment News)
Hotel owner offering 8 million shares Aug 12, 2009
Hospitality Properties expects the offering to close Friday. Copyright 2009 Globe Newspaper Company. (Boston Globe)
Old addiction untouched Aug 11, 2009
The list of junk issuers included Smithfield Foods $850 million, Iron Mountain $550 million, Duke Realty $500 million, Hospitality Properties $300 million, Mack-Cali Realty $250 million, Affinia Group $225 million, Global Aviation $175 million and Inverness Medical $150 million. Convert issuance included Rayonier $170 million. (Asia Times Online)
Interstate Hotels returns to trading Jul 28, 2009
Interstate and its affiliates manage 223 hospitality properties with more than 45,500 rooms around the world. Reader Comments. (Washington Business Journal, DC)
Southern Nevada Economic Recovery Expected to Take Another Two Years, UNLV Economists Say Jun 24, 2009
The opening of new leisure and hospitality properties will grow jobs; however, until consumers are confident about their job prospects, they will remain cautious about spending on discretionary items like leisure travel. Leisure and hospitality properties will market low-cost packages in the form of room and entertainment deals, thus the tourism industry is expected to begin to recover before the housing market, but it will not be enough to improve hotel and casino revenue streams in the short... (PR Newswire)
SuiteLinq(TM) and Ruckus Wireless(TM) Test First Hospitality Industry VOD and HSIA Service Over Smart Wi-Fi Jun 23, 2009
For new hospitality properties, the benefits of this development include eliminating extensive cabling, providing greater flexibility to deliver services anywhere, anytime throughout the property, and minimizing disruptive retrofitting after the hotel is in operation. It also gives hotels the ability to deliver IP video, digital signage, and other value-added services in public areas on demand. (PR Newswire)
Sunstone Hospitality Management Named Manager of Riverside, Calif. Marriott Hotel by New Owner, Pinnacle Hotels USA Jun 23, 2009
Together with these properties, the company and its affiliates manage a total of 219 hospitality properties with nearly 45,000 rooms in 37 states, the District of Columbia, Russia, Mexico, Belgium, Canada and Ireland. Interstate Hotels & Resorts also has contracts to manage 16 to be built hospitality properties with approximately 4,000 rooms. (PR Newswire)
Hospitality Properties to Sell 15 Million Shares Jun 18, 2009
Hospitality Properties plans to sell 15 million shares to raise money to repay debt ... Hospitality Properties Trust said Wednesday it plans to sell 15 million common shares to raise funds to repay debt ... Hospitality Properties shares closed down 14 cents, at $13. (ABC News -- Wire)
CalPERS pushes Hospitality board changes May 7, 2009
The got the support of four large proxy advisory services to urge the board of directors of Hospitality Properties Trust to change its board structure ... The pension fund put Hospitality Properties Trust on its 2009 Focus List of Underperforming Companies ... Hospitality Properties Trust s stock has trailed industry peers by 36. (Sacramento Business Journal, CA)
Interstate Hotels & Resorts loses $12.5M May 7, 2009
The hotel real estate investor and management company and its affiliates manage 224 hospitality properties with more than 45,000 rooms in 37 states, D.C., Russia, Mexico, Belgium, Canada and Ireland. Reader Comments. (Washington Business Journal, DC)
Law Offices of Eric J. O'Bell, LLC Announce Investigation Into TravelCenters of America, LLC for Possible Securities Law Violations Mar 27, 2009
As reported in that press release, we have adjusted the way we account for two elements of our leases with respect to our accounting for landlord/tenant allowance (specifically, the commitment of Hospitality Properties Trust, or Hospitality Trust, to fund up to $125 million of capital expenditures to make improvements at properties we lease from Hospitality Trust over a five year period) and our accounting for interest expense related to that portion of our rental obligation allocated to... (Primezone Releases)
Eli Lilly & Co. heads CalPERS' watch list Mar 20, 2009
The Sacramento-based pension fund is bringing a resolution to the Hospitality Properties Trust board of directors annual meeting May 15, where it is calling for an annual election of board members. The hotel property investment company based in Newton, Mass. (Sacramento Business Journal, CA)
Interstate Hotels & Resorts Receives Notice of Suspension of Trading from NYSE Mar 12, 2009
Together with these properties, the company and its affiliates manage a total of 225 hospitality properties with more than 46,000 rooms in 37 states, the District of Columbia, Russia, Mexico, Belgium, Canada and Ireland. Interstate Hotels & Resorts also has contracts to manage 16 to be built hospitality properties with approximately 4,000 rooms. (PR Newswire)
Real Estate Wrap Feb 16, 2009
It invests in office, retail, multifamily and hospitality properties. Reader Comments. (Philadelphia Business Journal, PA)
