ROCKVILLE, Md. -- Manugistics Group, Inc. (NASDAQ:MANU), a leading global provider of supply chain and revenue management solutions, today announced that Manugistics Scientist and Consulting Services Director, Dr. Jon Higbie, will be speaking at Res-Expo 2006, the travel industry’s premier technology event to be held in Dallas, Texas on March 7 – 8, 2006.
Rockville, MD. -- PAS today announces the next step in hotel financial systems integration: PAS Hospitality Data Transfer & Reporting eService, a new service offered as an online application that automates the collection, centralization, reporting and distribution of daily and monthly operational information. This new service seamlessly automates the collection and reporting process, while connecting decision-makers to key financial data, through a secured Internet portal. Increased data integrity, timely reports, reduced staff level-of-effort and improved business reporting, all work towards reducing costs, improving management’s decision-making, and increasing owners’ return on investment.
SOUTHLAKE, Texas | In a move that further strengthens its global presence and positions it for additional growth in the Asia-Pacific region, Travelocity has acquired complete ownership of ZUJI, the leading online travel company in the Asia-Pacific region. ZUJI includes operations in Australia, Hong Kong, Korea, New Zealand, Singapore and Taiwan.
DALLAS, TX | First American Realty Associates, LLC announces that it has finalized a $3,928,000 acquisition/permanent loan on the Lawton Best Western Hotel and Convention Center in Lawton, Oklahoma. The Lawton property is the 503rd hotel financed by First American.
SAN FRANCISCO, The Pan Pacific Hotel San Francisco, owned by a partnership between Oxford Lodging and Goldman Sachs, recently completed a trial implementation and purchased a novel hospitality forecasting software developed by Carnus Systems.
FAIRFIELD, N.J. - Joe Epstein, Founder and President of First American Realty Associates, today announced the opening of a regional office in Dallas and the appointment of Cameron Larkin to the position of Vice President of Business Development.
Lake Forest, CA -- MAI Systems Corporation (OTCBB: MAIY.PK) announced today that it has filed a definitive Information Statement (Schedule 14C) and a definitive Transaction Statement (Schedule 13E-3) to complete a 1:150 reverse stock split, which shall become effective on November 23, 2005. The purpose of the reverse stock split is to position the Company to terminate its public reporting so that it may continue future operations as a private company, relieving it of the costs, administrative burdens and competitive disadvantages associated with operating as a public company.
Dallas, Texas | Molinaro Koger announced today their role as advisor to Hyatt Hotels Corporation in the sale of the Hyatt Regency Austin, Texas, to Fairfield Residential LLC. The four-star, 446-room hotel located in Austin’s thriving central business district will continue to be managed by Hyatt Hotels Corporation following the sale.
BETHESDA, Md. | LaSalle Hotel Properties (NYSE:LHO) today announced that it signed an agreement to acquire the Westin Copley Place in Boston, Massachusetts for approximately $318 million before expenses. The acquisition is expected to close in the third quarter. The Company currently intends to assume a $210 million first mortgage on the property, issue to one of the current owners approximately $59 million in preferred units that will have a coupon rate of 7.25% and fund the balance with proceeds from the Company's senior unsecured credit facility. The contract to acquire the Westin Copley Place is subject to certain restructuring events by the current owners and customary closing requirements and conditions.
NEW HARTFORD, N.Y. PAR Technology Corporation (NYSE:PTC), a leading provider of integrated technology solutions to the hospitality industry, today announced that it has signed a letter of intent to acquire PixelPoint(R) Technologies, Inc. a privately held hospitality technology company.
ATLANTA | Officials of Noble Investment Group, one of the hospitality industry's leading owner/operators of upscale and premium branded hotels, today announced that Benjamin Brunt has joined the company as vice president, strategic investments. In his new position, Brunt is expected to play a key role in the expansion of the company's portfolio of owned hotels. The company also announced that it has promoted Aditya (Addi) Bhoopathy to director, strategic investments. Both men will report to Rodney Williams, Noble's chief investment officer.
In today's hospitality industry, addressing profitability and guest satisfaction is an essential piece of business planning. Heightened security awareness and rapidly changing customer needs place new demands on management and staff. Hotel professionals need to be prepared with the right tools in place to identify risk, reduce incident, and provide higher levels of quality service.
Worldwide lodging franchisor Choice Hotels International, Inc. (NYSE:CHH) has signed an exclusive three year agreement with Shift4 Corporation to provide Shift4’s $$$ ON THE NET software to Choice Hotels franchisees.
NEW YORK, Cendant Corporation (NYSE: CD - News) today announced the completion of its previously announced acquisition of European online travel provider, ebookers plc, for approximately 190 million Pounds sterling (approximately $350 million), net of cash acquired.
(Houston, TX) Luxury hotel veteran Mark Petersen, formerly with Olympus Hospitality and Rosewood Hotels, announced today the formation of Asset Pros P2P LP, a full-service hospitality management consulting firm based in Houston, Texas.
CHICAGO | Lodging Unlimited Inc., a Chicago-based full-service management company, has expanded its hotel management and consulting services to include Streamlined Studies – a client-friendly, cost-effective service designed to help hotels save money, protect their investments and become more competitive in the acquisition market.
Santa Barbara, CA, InfoGenesis, a leading provider of information technology for hospitality and foodservice, announced today that Warburg Pincus has acquired the company. The transaction closed on December 29, 2004.
The Croatian Privatization Fund on behalf of the Government of Croatia has announced the sale of shares of Hoteli Živogošće. Hoteli Živogošće d.d. is located on the Makarska Riviera, by the main coastal highway heading south towards Dubrovnik. The Company owns two hotels and has utilization right over a camping ground.
Vaterstetten n. Munich, | 16,2 Mio. Euro consolidated sales volume: These are the mid-year figures for the French Optims Group, the leading European provider of software solutions for the hospitality and tourism industry. It amounts to a sales increase of 14,6% compared to last year’s mid-term results. Hogatex, which is a wholly owned Optims subsidiary since October 2002, contributed with a sales increase of 17,7% to this turnover.
ORLANDO | Boyken International, Inc., Atlanta-based construction-consulting firm, has announced the acquisition of Development & Construction Advisors, Inc. (DCA) of Orlando. Terms were not disclosed. DCA is an Orlando-based construction-consulting firm that has served the resort and hospitality industry in Florida and elsewhere for more five years. The DCA team will be merged into Boyken’s Orlando offices. Edward Schrank, president and founder of DCA, will become vice president of Boyken International, responsible for management and operations of the firm’s Orlando office.