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2016 ANNUAL REPORT Financial Highlights Host Hotels & Resorts
HOST HOTELS & RESORTS 2016 ANNUAL REPORT FINANCIAL HIGHLIGHTS HOST HOTELS & RESORTS (UNAUDITED, IN MILLIONS, EXCEPT PER SHARE AND HOTEL STATISTICS) 2016 2015 2014 2016 ANNUAL REPORT OPERATING DATA Revenues $ 5,430 $ 5,350 $ 5,321 Operating profit 684 631 694 Net income 771 565 741 DILUTED EARNINGS PER COMMON SHARE Diluted earnings $1.02 $ 0.74 $ 0.96 Diluted weighted average shares outstanding 743.7 752.9 786.8 BALANCE SHEET DATA Total assets $11,408 $11,656 $12,043 Total debt 3,649 3,867 3,807 Total equity 7,033 7,104 7,388 OTHER DATA Adjusted EBITDA(1) $ 1,471 $ 1,409 $ 1,402 NAREIT funds from operations per diluted share (1) 1.69 1.49 1.57 Adjusted funds from operations per diluted share (1) 1.69 1.54 1.50 Stock price on December 31st 18.84 15.34 23.77 COMparabLE HOTEL DATA(2) Number of properties 88 88 Number of rooms 49,376 49,376 (3) Average room rate $225.01 $222.83 Average occupancy percentage 78.5% 77.2% (3) RevPAR $176.71 $172.04 (1) NAREIT Funds From Operations (FFO) and Adjusted FFO per diluted share and Adjusted Earnings before Interest Expense, Income Taxes, Depreciation, Amortization and other items (Adjusted EBITDA) are non generally accepted accounting principles (GAAP) financial measures within the meaning of the rules of the Securities & Exchange Commission. These measures have been reconciled to comparable GAAP measures. See page 24 of this report. (2) We define our comparable hotels as properties that are owned or leased by us and the operations of which are included in our consolidated results for the entirety of the reporting periods being compared, and that have not sustained substantial property damage or business interruption or undergone large- scale capital projects during the reporting periods being compared. -
RUSSIA and CIS a Team That Will Deliver More
HOSPITALITY AND LEISURE IN RUSSIA and CIS A teaM that Will deliVer More The DLA Piper’s Russian Hospitality & Leisure team works with the majority of international operators and many owners of internationally branded hotels in Russia and the CIS. We help you overcome the many unique challenges you will face with your hotel project across all areas of law. Partner Scott Antel, who heads our Russian/CIS Hospitality Practice was awarded the 2012 Leadership Award at the Russian Hotel Investment Forum for contribution to the hotel industry. Combining legal expertise, sector experience and knowledge of the Russian market “street” realities, we offer pragmatic solution. Our team advises Russian owner/developer clients on how the international hotel management structure works, what are best practice and key points to focus on in negotiations. From working with both owners and operators, we know the key commercial points of concern, as well as the negotiating boundaries both parties may usually allow. We can save you time and money by focusing on the key elements in negotiations. We have built a reputation for getting deals done timely and efficiently. In addition to advising on legal aspects of hotel management, our team is also active in such areas of hospitality and leisure as advising on legal aspects of design and management of golf courses, ski resorts, spa and restaurants, and on large-scale event/catering contracts. We also have represented both buyers and sellers on numerous hotel acquisitions and have structured and represented parties to multiple hotel development joint venture agreements. 02 | Hospitality and Leisure in Russia and CIS Our GloBal presence With more than 200 lawyers throughout our worldwide offices, DLA Piper’s global Hospitality & Leisure group advises owners, managers, franchisors, developers and lenders with respect to hotels and other hospitality and leisure businesses around the world. -
The Future of Guest Experience by Samantha Shankman
The Future of Guest Experience By Samantha Shankman Interviews with CEOs Skift Books of the world’s top hotel brands 2015 The Future of Guest Experience By Samantha Shankman with Greg Oates and Jason Clampet Skift Books 2015 The Future of Guest Experience By SAMANTHA SHANKMAN with GREG OATES, JASON CLAMPET AND SKIFT Published in 2015 by SKIFT 115 W. 30th St. Suite 1213 New York, NY 10001 USA On the web: skif.com Please send feedback to [email protected] Publisher: Skif Editor: Jason Clampet Copyright © 2015 Skif All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording or any information storage and retrieval system, without prior permission in writing from the publisher 4 Table of Contents The Global Chains Luxury and Lifestyle Brands Craig Reid Auberge Resorts Frits van Paasschen J. Allen Smith 69 Starwood Four Seasons 8 41 Niki Leondakis Commune Hotels Christopher Nassetta Greg Dogan 72 Hilton Worldwide Shangri-La Hotels & Resorts 12 45 Insights: Kimpton and the Rise of Boutique Hotels Arne Sorenson Nicholas Clayton 75 Marriott International Jumeirah 16 47 Jason Pomeranc SIXTY Hotels Insights: Georgetown Herve Humler 76 University Rethinks Ritz-Carlton Executive Training 50 Brooke Barrett 19 Denihan Hospitality Group Sonia Cheng 79 David Kong Rosewood Hotel Group Best Western International 52 Larry Korman 21 AKA Insights: Luxury Hospitality 81 Mark Hoplamazian Returns to the Human Hyatt Hotels Element Insights: How Alex 24 54 Calderwood’s -
12Th Annual Meetings Industry Council of Colorado Educational Program and Trade Show Program
DENVER , COLORA D O THURSDAY , MARCH 8, 2012 COLORA D O CONVENTION CENTER WWW .MI C -C OLORA D O .ORG 12th Annual Meetings Industry Council of Colorado Educational Program and Trade Show Program Sponsored and Produced by: Christian Meetings and Convention Association Colorado Festivals and Events Association Colorado Society of Association Executives VISIT DENVER...The Convention & Visitors Bureau Hospitality Sales and Marketing Association International Denver International Association of Exhibitions and Events Rocky Mountain Chapter International Special Events Society Denver Chapter Meeting Professionals International Rocky Mountain Chapter National Speakers Association - Colorado Greater Denver Chapter National Association of Catering Executives Professional Convention Management Association Rocky Mountain Chapter Rocky Mountain Business Travel Association 3.08.12 Society of Government Meeting Professionals Rocky Mountain Chapter EL C OME TO THE 12TH ANNUAL MEETINGS IN D USTRY COUN C IL (MIC) W OF COLORA D O ED U C ATIONAL CONFEREN C E AN D TRA D E SHOW We are grateful that you have chosen Consultants (RMEC), the team that manages the MIC, to spend the day with us! We are has worked diligently over the last year to produce this excited to mix things up a bit this day of education and networking. One last thank you year with a new format for the day, to NSA Colorado. Every year this organization does an including an opening general session outstanding job of preparing a line up of session topics and revised afternoon schedule. The and presenters that are both relevant and of the highest council has worked hard to bring you caliber. -
Quarterly Newsletter – Q2 2014
30 Warwick Street London W1B 5NH www.jll.com/hospitality EMEA Quarterly Newsletter – Q2 2014 Industry Trends • According to the World Travel & Tourism Council (WTTC), demand for international tourism remained strong in the first four months of 2014. International tourism arrivals grew 5%, the same rate as full year 2013. Prospects for the current peak tourism season remain very positive with over 450 million tourists expected to travel abroad in the May-August 2014 period. • Destinations worldwide received 317 million international overnight visitors between January and April 2014, 14 million more than in the same period of 2013. This 5% growth consolidates the strong increase registered for 2013 and is well above the long-term trend projected by the UNWTO for the period of 2010-2020 (3.8%). • The strongest growth was seen in Asia and the Pacific and the Americas (both up 6%), followed closely by Europe and Africa (up 5%). By sub-region, Northern Europe, South and Mediterranean Europe, North Africa and South Asia (all up 8%) were the star performers. • In terms of tourism expenditure, growth continues to be strong from emerging markets, in particular China, the Russian Federation, Saudi Arabia and India. Furthermore, demand from advanced economies is strengthening as the global economic situation gradually improves, with encouraging growth posted for Italy, Australia, the Republic of Korea, the Netherlands, Norway and Sweden. • According to the UNWTO confidence index, prospects remain very positive for the period May- August 2014. Confidence has picked up, particularly among the private sector, and improved further in Europe, the Americas, Asia and the Pacific and the Middle East. -
Marriott Bonvoy
B:24.5” T:24” S:23.5” ELITE ELITE-LEVEL BENEFITS AT A GLANCE PARTICIPATING BENEFIT DESCRIPTION BRANDS MARRIOTT BONVOY™ GOLD ELITE 25 Nights/Year MARRIOTT BONVOY™ SILVER ELITE 10 Nights/Year MARRIOTT BONVOY™ PLATINUM ELITE 50 Nights/Year MARRIOTT BONVOY™ TITANIUM ELITE 75 Nights/Year MARRIOTT BONVOY™ AMBASSADOR ELITE 100 NIights + $20K Rev/Year A member is matched with a personal Ambassador (above property), who is the member’s point person for every stay. Ambassador Service is the highest level of service All brands Ambassador Service l for members. All brands except Marriott Vacation Club® Flexibility to check in and out of the room outside of normal arrival and departure times. For example, check in at 9 p.m. and check out at 9 p.m. Requests for Your24 and participating Vistana™ properties Your24™ l are communicated through Ambassadors. and Design Hotels™ All brands except resorts, 48-Hour Guarantee Marriott Vacation Club, and participating l l Guaranteed room availability for reservations booked 48 hours prior to arrival (at Residence Inn and TownePlace Suites, benefit applies to studio room only). Vistana properties and Design Hotels™ • JW Marriott® Access to lounge for member plus one guest. This benefit only applies to the one guest room in which the Platinum Elite/Titanium Elite/Ambassador Elite member is staying. • Marriott Hotels® • Delta Hotels® Brand Lounge Offer Guest Compensation2 • Autograph Collection® Hotels US$100 if no breakfast • Renaissance® Hotels US/CAN: If lounge is closed or hotel does not have a lounge, offer -
Profiled Hotel Brands 2021 North America Hotel Guest
2021 North America Hotel Guest Satisfaction Study Profiled Hotel Brands Andrea Stokes, Practice Lead - Hospitality [email protected] 1 Hotel Segments Included Luxury Upper Upscale Upscale Upper Midscale Midscale Economy J.D. Power North America Hotel Guest Satisfaction Study 2 © 2020 J.D. Power. All Rights Reserved. CONFIDENTIAL AND PROPRIETARY—For Internal Use. 2021 North America Hotel Guest Satisfaction Study – Brands Profiled Luxury Upper Upscale Upscale Andaz Autograph Collection AC Hotels Conrad Curio Collection aloft Hotels Destination Hotels Embassy Suites Ascend Collection Fairmont Graduate Hotels** Best Western Premier Four Seasons Hard Rock Hotel BW Premier Collection Grand Hyatt Hilton Cambria InterContinental Hotel Indigo Courtyard JW Marriott Hyatt Centric Crowne Plaza Loews Hyatt Regency/Hyatt Delta Hotels Luxury Collection Joie de Vivre DoubleTree Park Hyatt Kimpton element Rosewood Le Méridien Four Points Sofitel Margaritaville** Hilton Garden Inn St. Regis Marriott Homewood Suites The Ritz-Carlton Millennium Hotels Hyatt House The Unbound Collection Omni Hyatt Place Thompson Hotels Renaissance Radisson Trump Hotels Sheraton Residence Inn W Hotels Tribute Portfolio SpringHill Suites Waldorf Astoria Westin Staybridge Suites **New brand to 2021 Study Wyndham Grand Wyndham Hotels J.D. Power North America Hotel Guest Satisfaction Study 3 © 2020 J.D. Power. All Rights Reserved. CONFIDENTIAL AND PROPRIETARY—For Internal Use. 2021 North America Hotel Guest Satisfaction Study – Brands Profiled Upper Midscale Midscale Economy -
It's Your Big Day, Be Swept Away
IT’S YOUR BIG DAY, BE SWEPT AWAY. Courtyard by Marriott SpringHill Suites Charlotte University Research Park Charlotte University Research Park 333 West W.T. Harris Blvd. 8700 Research Drive Charlotte, NC 28262 Charlotte, NC 28262 CourtyardCharlotteUniversity.com SpringHillSuitesCharlotteUniversity.com +1-704-549-4888 +1-704-503-4800 With so many details to keep track of, why not give us a few? CUSTOMIZE YOUR EXPERIENCE BY CHOOSING 3 PERKS: • One bottle of champagne and gourmet chocolates • One suite for up to 3 nights • Enjoy 50% off Sunday night stays • Welcome gift for each guest • Distribution of your gift bags to all guests • Customized welcome letter given to guests with directions to and from ceremony and reception venues • Breakfast for all guests staying at the hotel • Use of the meeting room during your stay (limited availability) • Turn-down service • Double Marriott Rewards® Points for guests who are Marriott Rewards Members • 2 p.m. Late check-out for all guests • 1-night stay for the couple on their 1 year anniversary For rates and information, contact Alexandra Dean at 704-281-5218 or [email protected] 10 or more room nights required. Offer cannot be combined with any other promotions. Blackout dates may apply. Other restrictions apply. REWARDING EVENTSSM L-R: Warner Center Marriott® Woodland Hills, CA; JW Marriott® Hotel Pune, India; JW Marriott Phuket Resort & Spa, Thailand; Renaissance® Austin Hotel, TX REWARDING EVENTS REWARDS YOU We know that successful meetings and events don’t just happen on their own. It all starts with a plan—and a planner. That’s why we’ve created a way to help you make the most of your choices. -
2018 Hotel Brand Reputation Rankings: USA & Canada
REPORT 2018 Hotel Brand Reputation Rankings: USA & Canada October 2018 INDEX Introduction 4 Methodology 6 The Importance of Brand Reputation 7 Key Data Points: All Chain Scales 8 Key Findings 9 Summary of Top Performers 10 ECONOMY BRANDS Overview 13 Top 25 Branded Economy Hotels 14 Economy Brand Ranking 15 Economy Brand Ranking by Improvement 16 Economy Brand Ranking by Service 17 Economy Brand Ranking by Value 18 Economy Brand Ranking by Rooms 19 Economy Brand Ranking by Cleanliness 20 Review Sources: Economy Brands 21 Country Indexes: Economy Brands 22 Response Rates: Economy Brands 22 Semantic Mentions: Economy Brands 23 MIDSCALE BRANDS Overview 24 Top 25 Branded Midscale Hotels 25 Midscale Brand Ranking 26 Midscale Brand Ranking by Improvement 27 Midscale Brand Ranking by Service 28 Midscale Brand Ranking by Value 29 Midscale Brand Ranking by Rooms 30 Midscale Brand Ranking by Cleanliness 31 Review Sources: Midscale Brands 32 Country Indexes: Midscale Brands 33 Response Rates: Midscale Brands 33 Semantic Mentions: Midscale Brands 34 UPPER MIDSCALE BRANDS Overview 35 Top 25 Branded Upper Midscale Hotels 36 Upper Midscale Brand Ranking 37 Upper Midscale Brand Ranking by Improvement 38 Upper Midscale Brand Ranking by Service 39 Upper Midscale Brand Ranking by Value 40 Upper Midscale Brand Ranking by Rooms 41 Upper Midscale Brand Ranking by Cleanliness 42 Review Sources: Upper Midscale Brands 43 Country Indexes: Upper Midscale Brands 44 Response Rates: Upper Midscale Brands 44 Semantic Mentions: Upper Midscale Brands 45 Index www.reviewpro.com -
Vendor 3D STONE 4IMPRINT INC a M ELECTRIC COMPANY A
Vendor Amount 3D STONE 3,500.00 4IMPRINT INC 17,043.04 A M ELECTRIC COMPANY 35,147.36 A PROFESSIONAL TREE SERVICE INC 12,070.00 A STITCH ABOVE EMBROIDERY 1,789.00 A T & T MOBILITY 4,291.00 A-1 PORTABLE BUILDINGS 11,931.57 AALCO 9,465.00 AAON 700,059.50 ABC CLIO INC 2,474.48 ABOVE ALL CHARTERS 2,790.00 ABRAMS ARCHITECTURAL PRODUCTS INC 100,813.00 ACADEMIC EDGE 105,298.80 ACCURATE LABEL DESIGNS INC 3,805.50 ACE EDUCATIONAL SUPPLIES 1,285.77 ACHIEVE3000 64,247.75 ACHIEVEMENT PRODUCTS INC 6,480.67 ACORN NATURALISTS 2,792.06 ACP DIRECT 2,029.66 ACT 5,911.00 ACT GLOBAL SPORTS 156,379.33 ACTION BUSINESS SUPPLIES INC 9,019.02 ACTION COURT REPORTERS 12,621.00 ACTON MOBILE INDUSTRIES INC 5,500.00 AD IMPRINTS INC 5,263.85 AD VENTURE PROMOTIONS 11,377.88 ADMINISTRATORS ROUNDTABLE NETWORK LLC 30,500.00 ADOM 60,116.00 ADVANCE EDUCATION 8,575.00 ADVANCE PRINTING SERVICE 1,278.48 AFRICAN AMERICAN IMAGES INC 3,500.00 AGGIE SALE SPORT SHOP 3,250.00 AI SQUARED 1,470.00 AIR MECHANICAL SALES INC 56,553.96 AIR SOURCE TECHNOLOGY INC 14,239.50 AIRCRAFT SPRUCE & SPECIALTY COMPANY 1,253.70 AIRFLO MECHANICAL 24,794.91 AIRGAS/LEXINGTON 12,836.60 ALA ALLEGIANT AIR 1,079.44 ALEKS CORPORATION 1,120.00 ALICIA VINSON 4,332.43 ALL PHASE ELECTRIC SUPPLY 629,351.43 ALLEN COMPANY INC 3,374.23 ALLIANCE CORPORATION 4,765,290.17 ALLIED COMMUNICATIONS INC 51,265.64 ALLIED TECHNOLOGIES 66,200.00 ALPHA PHI ALPHA FRATERNITY INC 3,920.00 AMANDA BRANDENBURG 1,470.00 AMAZON COM CREDIT 8,571.93 AMAZON MKTPLACE PMTS 4,833.31 AMBER COLLIVER 27,505.45 AMDI ADVANCED MULTIMEDIA DEVICE INC -
Why Invest in 25Hours. Accorhotels Global Development Facts and Figures
why invest in 25hours. AccorHotels Global Development facts and figures >80% occupancy on a group level ~40% revenue coming from F&B 5 new openings in the next two years come as you are. Christoph Hoffmann is responsible for the further development and Stephan Gerhard knows the international hotel trade like no other. expansion of the 25hours hotel group and its brand. He enthusiastically The Solutions Holding, which he founded in 1985, is one of Europe’s and courageously evaluates hotel premises and develops tailored hotel leading consultancy corporations in the hotel, hospitality, leisure and products with local partners for nomads, daydreamers and night owls tourism sectors. Stephan Gerhard works tirelessly as a partner and who are looking for a change from the grey city streets. consultant for 25hours. Kai Hollmann is the director of the Fortune Hotels in Hamburg which Ardi Goldman is known as an orchestrator of city architecture in are among the most internationally renowned and successful lifestyle Frankfurt. He is always able to create cosmopolitan colour in liveable hotels in various segments. Hollmann is a hotelier who learned his and endearing architecture. Goldman draws his inspiration from urban trade from scratch. Hollmann is the proprietor and director of five areas and offers thorough support during the implementation of his hotels and was the initiator of the 25hours idea. ideas. This causes the boundaries to blur between enjoyment, construction, design and art. initiators. history 25hours is a fresh and dynamic hotel brand, which builds upon the shoulders of traditional hotel business and searches for new answers to the demands of an urban, cosmopolitan, culturally interested and brand aware audience. -
HVS Asia-Pacific Hotel Operator Guide Excerpt 2016
2016 EDITION | Price US$800 SUMMARY THE ANNUAL HVS ASIA-PACIFIC HOTEL OPERATOR GUIDE (AS OF 31 DECEMBER 2015) Setthawat Hetrakul Assistant Manager Daniel J Voellm Managing Partner HVS.com HVS | Level 21, The Centre, 99 Queen’s Road Central, Hong Kong The HVS Asia-Pacific Hotel Operator Guide 2016 Foreword It is with great pleasure that I share with you our third annual Asia-Pacific Operator Guide, data as of 31 December 2015. This third edition will continue to serve owners as a reference for which operator has a strong presence in their home market and in potential future markets further ashore as well as key feeder markets across the region. With China rapidly becoming a strong outbound market, brands and operators that are well positioned there are better positioned to welcome Chinese travelers overseas. Branding, anchored by the management expertise and distribution power that operators bring to a hotel property, is becoming more and more critical. In the face of increasing competition, non-branded properties often perform at a discount to their branded peers due to lack of awareness and quality assurance. Running a hotel is no easy task and owners have a tendency to view operators’ fees as unjustified for the value they deliver. It is essential that owner and operator align their interest from very early in the process and work towards a common goal, rather than start their long-term relationship from conflicting standpoints. In this third edition, we have captured close to one million existing and more than half a million pipeline rooms spread over 6,546 properties.