Strategic Hotels and Resorts Inc. recently submitted a report which indicates an increase in the company’s RevPar performance to 12.6 percent for the second quarter of 2011. $39.5 million Net Income The hotel company netted an income of $39.5 million, which is equivalent to $.22 per fully diluted share. Comparable EBITDA had a 13 percent [...]
Shell Vacations partners with Interval International to open up new destinations for its members. Shell Vacations, LLC, a well-known independent resort developer, has finally decided to tie up with one of the top global providers of vacation services, Interval International. An active wing of Interval Leisure Group (IILG), Interval International sees the potential of boosting [...]
Flash Player 9 or higher is required to view the chartClick here to download Flash Player nowView the full MHGC chart at Wikinvest Morgans Hotel Group (MHG) recently reported an adjusted EBITDA for the second quarter in 2011 amounting to $11.8 million. The adjustment shows an increase of $3.7 million compared to the previous year. [...]
Flash Player 9 or higher is required to view the chartClick here to download Flash Player nowView the full HOT chart at Wikinvest Starwood Hotels and Resorts Worldwide Inc. recently posted a growth in revenue by 15 percent during the second quarter of 2011. $17 million Gain The hotel company netted a profit of $131 [...]
Flash Player 9 or higher is required to view the chartClick here to download Flash Player nowView the full DRH chart at Wikinvest DiamondRock Hospitality Company recently released a report that indicates RevPar for the second quarter increased 6.4 percent. Increase in Revenue DiamondRock Hospitality netted revenue of $169.5 million compared to $151.1 million from [...]
On Thursday, US Transportation Secretary Ray LaHood called the attention of lawmakers. He recommended that they pass a bill in support of reviving the Federal Aviation Administration’s (FAA) operations, to provide employment for more than 70,000 construction workers and staff. Work Cancelled, Staff Unemployed It can be recalled that the FAA’s normal course of [...]
Wyndham Worldwide Corporation recently reported that its profit in the second quarter increased to 20 percent. Increase in Net Income Wyndham netted income of US$114 million from last year’s $95 million. With regards to a per share basis, the company’s earnings grew 31 percent which is equivalent to $0.67, a far cry from $0.51 in [...]
Come summer, Hotel New Orleans’ new owner is set to unveil its new look. Hotel New Orleans Holdings, LLC, a joint investment between HRI Properties and Interwest Capital Corporation, is now the proud owner of Hotel New Orleans. Located just across the Ernest N. Morial New Orleans Convention Center, the investors are positive that a [...]
Three men from Florida have been accused of illegally amassing a total of US$3.3 million from over 2,000 US and Canada timeshare owners. U.S. Attorney Wifredo A. Ferrer reported that Michael Franzenburg, 47, of West Palm Beach, Joseph Grizzanti, 30, of Greenacres and Kenneth Foote, 40, of Lake Worth, are facing federal charges of conspiracy [...]
The Vacation Ownership (VO) Group recently launched their new office in Nashville, Tennessee last July 1. The company, which opened its first office on April 1, 2010, has quickly expanded to a larger office in just seven months. Its commitment to assisting victims – mostly retirees and senior citizens – of timeshare scams was the [...]