Hotel & Motel Management - July 7, 2008 - (Page 4) 4 News H&MM July 7, 2008 | HotelMotel.com www.HotelMotel.com/digital_edition Brands target Eastern markets By Stephanie Ricca EDITOR IN CHIEF The number of hotels charging for in-room Internet use is declining, according to results of the American Hotel & Lodging Association’s 2008 Lodging Survey. Sixteen percent of polled hotels charge for in-room Internet, down from 19 percent in 2006. Widespread technology, healthier eating and exercise options, and green operations topped the list of trends AH&LA identified in its biennial survey. Barceló Crestline Corp., the parent company of Crestline Hotels & Resorts, acquired 17 properties from Tidewater Hotels & Resorts. With the acquisition, Tidewater will manage 14,600 rooms in 66 open properties. The acquisition is expected to be completed in June. Guestroom 2010, the model hotel room exhibit that showcases in-room technologies of the future, was renamed Guestroom 20X, or G2X, following its third successful year exhibiting at the Hospitality Industry Technology Exposition and Conference. To submit an idea for the room, visit www. guestroom20x.org. Global Hyatt Corp. named Harmit Singh c.f.o. He was formerly senior v.p. and c.f.o.-International for Yum! Brands. SEE RELATED COVERAGE: Stephen Rushmore, above, president of HVS, joined STR’s Mark Lomanno to talk about industry fundamentals. Page 47 NEW YORK–India and China still top the list of emerging markets attractive to the hotel industry, brand executives said at the New York University International Hospitality Industry Investment Conference in June. Mark Hoplamazian, president and c.e.o. of Global Hyatt Corp.; David Kong, president and c.e.o. of Best Western International; Christopher Nassetta, president and c.e.o. of Hilton Hotels Corp.; Stevan Porter, president of The Americas for InterContinental Hotels Group; and Steven Rudnitsky, president and c.e.o. of Wyndham Hotel Group all said Kong BEST WESTERN INTERNATIONAL Porter INTERCONTINENTAL HOTELS GROUP brands have to be nimble to keep up with the development opportunities overseas. “We have a brand presence that is far in excess of our current distribution,” Hoplamazian said of Hyatt. “The fastest-growing launch markets are India and China, where third-party capital is abundant.” Hyatt combines a mix of its own assets plus third-party capital in its properties, and Hoplamazian referred to third-party capital as “the backbone.” Nassetta said Hilton’s investments fall along similar lines, with the company still owning “a substantial number of assets in the United States and Europe,” he said. Hilton has a major joint venture in the works in India, Nassetta said, and other areas of focus for the company are in the Middle East and Latin America. “Everything’s moving east,” he said. “All of our dollars from the See NYU panel | page 43 H&MM | JASON Q. FREED New peer network promotes innovation By Jason Q. Freed SENIOR EDITOR NEW YORK–Three companies whose products could shape the future of the hospitality industry were introduced at the inaugural meeting of The Innovation Network, a peer group presented by Cornell Universi- ty’s School of Hotel Administration and The Leland C. and Mary M. Pillsbury Institute for Hospitality Entrepreneurship, in conjunction with the New York University International Hospitality Industry Investment Conference. The purpose of the Innova- tion Network is to share knowledge about new services within the hospitality industry through roundtables, seminars and other events, said Tom Ward, managing director. Upcoming Innovation Network events are scheduled for: Sept. 3-4 in Ithaca, N.Y.; Jan. 25-26 in San Diego (during the Americas Lodging Investment Summit); and June 9, in New York (during the New York University International Hospitality Industry Investment Conference). “We’re See Boldbegin a page xx here to word | conSee Peer network | page 46 NOBLE INVESTMENT GROUP A report from the Cornell School of Hotel Administration analyzed the trend of public hotel companies going private. The study is available at www.hotelschool.cornell. edu/research. For updated breaking news, visit www.HotelMotel.com. Noble makes moves despite slow market By Jason Q. Freed SENIOR EDITOR This outdoor restaurant at the W Atlanta-Midtown is one of many areas renovated during Noble Investment Group’s rebranding of the former Sheraton property. NEW YORK–While the sluggish financial market has some buyers thinking “crisis,” Noble Investment Group is thinking “opportunity.” Highlighted by the grand opening of W Atlanta-Midtown, Noble is touting its current $310-million private equity fund and the advantage it gives them in today’s market. “We have plenty of capital, and debt is still available for sponsorship,” said Rodney Williams, managing principal and chief investment officer See Market | page 47 http://HotelMotel.com http://www.HotelMotel.com/digital_edition http://www.nyu.edu/hospitalityconference http://www.guestroom20x.org http://www.guestroom20x.org http://www.hotelschool.cornell.edu/research http://www.HotelMotel.com
Table of Contents Feed for the Digital Edition of Hotel & Motel Management - July 7, 2008 Hotel & Motel Management - July 7, 2008 Contents Brands Target Eastern Markets New Peer Network Promotes Innovation Noble Makes Moves Despite Slow Market Perspective Legally Speaking On Finance AAHOA Update Satisfaction Trends Trends & Stats HotelWorld Update Guest Column 2008 Purchasing Survey Refrigerators Transportation In-Room Ammenities Revenue Management Ad/Editorial Index Marketplace Classifieds Checking Out Hotel & Motel Management - July 7, 2008 Hotel & Motel Management - July 7, 2008 - Hotel & Motel Management - July 7, 2008 (Page 1) Hotel & Motel Management - July 7, 2008 - Hotel & Motel Management - July 7, 2008 (Page 2) Hotel & Motel Management - July 7, 2008 - Contents (Page 3) Hotel & Motel Management - July 7, 2008 - Noble Makes Moves Despite Slow Market (Page 4) Hotel & Motel Management - July 7, 2008 - Noble Makes Moves Despite Slow Market (Page 5) Hotel & Motel Management - July 7, 2008 - Perspective (Page 6) Hotel & Motel Management - July 7, 2008 - Perspective (Page 7) Hotel & Motel Management - July 7, 2008 - Legally Speaking (Page 8) Hotel & Motel Management - July 7, 2008 - Legally Speaking (Page 9) Hotel & Motel Management - July 7, 2008 - Legally Speaking (Page 10) Hotel & Motel Management - July 7, 2008 - Legally Speaking (Page 11) Hotel & Motel Management - July 7, 2008 - Legally Speaking (Page 12) Hotel & Motel Management - July 7, 2008 - Legally Speaking (Page 13) Hotel & Motel Management - July 7, 2008 - On Finance (Page 14) Hotel & Motel Management - July 7, 2008 - On Finance (Page 15) Hotel & Motel Management - July 7, 2008 - AAHOA Update (Page 16) Hotel & Motel Management - July 7, 2008 - Satisfaction Trends (Page 17) Hotel & Motel Management - July 7, 2008 - Trends & Stats (Page 18) Hotel & Motel Management - July 7, 2008 - HotelWorld Update (Page 19) Hotel & Motel Management - July 7, 2008 - Guest Column (Page 20) Hotel & Motel Management - July 7, 2008 - Guest Column (Page 21) Hotel & Motel Management - July 7, 2008 - Guest Column (Page 22) Hotel & Motel Management - July 7, 2008 - Guest Column (Page 23) Hotel & Motel Management - July 7, 2008 - 2008 Purchasing Survey (Page 24) Hotel & Motel Management - July 7, 2008 - 2008 Purchasing Survey (Page 25) Hotel & Motel Management - July 7, 2008 - 2008 Purchasing Survey (Page 26) Hotel & Motel Management - July 7, 2008 - 2008 Purchasing Survey (Page 27) Hotel & Motel Management - July 7, 2008 - Refrigerators (Page 28) Hotel & Motel Management - July 7, 2008 - Refrigerators (Page 29) Hotel & Motel Management - July 7, 2008 - Transportation (Page 30) Hotel & Motel Management - July 7, 2008 - Transportation (Page 31) Hotel & Motel Management - July 7, 2008 - Transportation (Page 32) Hotel & Motel Management - July 7, 2008 - Transportation (Page 33) Hotel & Motel Management - July 7, 2008 - Transportation (Page 34) Hotel & Motel Management - July 7, 2008 - Transportation (Page 35) Hotel & Motel Management - July 7, 2008 - In-Room Ammenities (Page 36) Hotel & Motel Management - July 7, 2008 - In-Room Ammenities (Page 37) Hotel & Motel Management - July 7, 2008 - In-Room Ammenities (Page 38) Hotel & Motel Management - July 7, 2008 - In-Room Ammenities (Page 39) Hotel & Motel Management - July 7, 2008 - In-Room Ammenities (Page 40) Hotel & Motel Management - July 7, 2008 - In-Room Ammenities (Page 41) Hotel & Motel Management - July 7, 2008 - Revenue Management (Page 42) Hotel & Motel Management - July 7, 2008 - Revenue Management (Page 43) Hotel & Motel Management - July 7, 2008 - Ad/Editorial Index (Page 44) Hotel & Motel Management - July 7, 2008 - Ad/Editorial Index (Page 45) Hotel & Motel Management - July 7, 2008 - Ad/Editorial Index (Page 46) Hotel & Motel Management - July 7, 2008 - Ad/Editorial Index (Page 47) Hotel & Motel Management - July 7, 2008 - Marketplace (Page 48) Hotel & Motel Management - July 7, 2008 - Classifieds (Page 49) Hotel & Motel Management - July 7, 2008 - Classifieds (Page 50) Hotel & Motel Management - July 7, 2008 - Classifieds (Page 51) Hotel & Motel Management - July 7, 2008 - Classifieds (Page 52) Hotel & Motel Management - July 7, 2008 - Classifieds (Page 53) Hotel & Motel Management - July 7, 2008 - Checking Out (Page 54) Hotel & Motel Management - July 7, 2008 - Checking Out (Page 55) Hotel & Motel Management - July 7, 2008 - Checking Out (Page 56)
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