DOCSLIB.ORG

Fibrahotel Announces the Opening of the 125-Room Courtyard by Marriott Vallejo and the 121-Room Fairfield Inn & Suites by Marriott Vallejo Hotels

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Fibrahotel Announces the Opening of the 125-Room Courtyard by Marriott Vallejo and the 121-Room Fairfield Inn & Suites by Marriott Vallejo Hotels FibraHotel announces the opening of the 125-room Courtyard by Marriott Vallejo and the 121-room Fairfield Inn & Suites by Marriott Vallejo hotels. Both hotels will be operated by Marriott International and are located inside Parque Via Vallejo. Mexico City, March 1st, 2017 --- FibraHotel (BMV: FIHO 12) the first real estate investment trust specialized in urban business-class hotels in Mexico announces the opening of the Courtyard by Marriott Vallejo hotel with 125 select-service rooms and the Fairfield Inn & Suites by Marriott Vallejo hotel with 121 limited-service rooms. Both hotels will be operated by Marriott International and are located inside the Parque Via Vallejo mixed-use project. With these openings FibraHotel strengthens its footprint in Mexico City reaching almost 1,800 rooms in operation. Additionally, with these hotels, FibraHotel reaches 11 hotels in operation with Marriott International six of which have the Fairfield Inn & Suites by Marriott brand and two have the Courtyard by Marriott brand. The hotels are located at Calzada Vallejo 1090, inside Fibra Danhos´ Parque Via Vallejo mixed- use project. Parque Via Vallejo is the largest project of its kind to open its doors in the Metropolitan Area of Mexico City in 2016 and has ~82,000 sqm of GLA. Some of the tenants in the center include H&M, Forever 21, SEARS, Cinépolis, Sanborns, and others. The area offers a favorable outlook in terms of economic and demographic growth, undergoing a renovation and transition from industrial to commercial and residential vocation. With this opening FibraHotel´s portfolio reaches 78 operating hotels with 10,812 rooms. FibraHotel´s total portfolio consists of 85 hotels with 12,023 rooms including 7 hotels in different stages of development. http://www.fibrahotel.com 1 @FibraHotel Pictures of the Courtyard y Fairfield Inn & Suites by Marriott Vallejo hotels Pictures of the Courtyard by Marriott Vallejo public areas Pictures of some Courtyard by Marriott Vallejo rooms http://www.fibrahotel.com 2 @FibraHotel Pictures of the Fairfield Inn & Suites by Marriott Vallejo public areas Pictures of some Fairfield Inn & Suites by Marriott Vallejo rooms http://www.fibrahotel.com 3 @FibraHotel About FibraHotel FibraHotel is a Mexican trust created primarily to acquire, develop and operate business-class hotels in the limited service, selected service, full service and extended-stay segments. Our objective is to provide attractive returns to our CBFI holders, through stable cash distributions and the appreciation of our real estate assets. Also, we will aim to have a high quality hotel portfolio, through the affiliation to different hotel brands and renowned operators, as well as geographic and segment diversification. Under Mexican laws, Fibras must invest at least 70% of its assets in real estate for lease, among other requisites. Additionally, Fibras must distribute in cash at least once a year 95% of taxable income to its CBFI holders. Such characteristics, together with a solid performance of the real estate market in Mexico and a team with over two decades of real estate and hotel experience, make FibraHotel an attractive investment vehicle. FibraHotel is internally managed by Fibra Hotelera, S.C., and is externally advised by Administradora Fibra Hotelera Mexicana, S.A. de C.V whose key executives have extensive experience in the development and operations of commercial real estate and hotels in Mexico. About Marriott International Marriott International, Inc. (NASDAQ: MAR) is the world’s largest hotel company based in Bethesda, Maryland, USA, with more than 6,000 properties in 122 countries and territories. Marriott operates and franchises hotels and licenses vacation ownership resorts. The company’s 30 leading brands include: Bulgari®, The Ritz-Carlton® and The Ritz-Carlton Reserve®, St. Regis®, W®, EDITION®, JW Marriott®, The Luxury Collection®, Marriott Hotels®, Westin®, Le Méridien®, Renaissance® Hotels, Sheraton®, Delta Hotels by MarriottSM, Marriott Executive Apartments®, Marriott Vacation Club®, Autograph Collection® Hotels, Tribute Portfolio™, Design Hotels™, Gaylord Hotels®, Courtyard®, Four Points® by Sheraton, SpringHill Suites®, Fairfield Inn & Suites®, Residence Inn®, TownePlace Suites®, AC Hotels by Marriott®, Aloft®, Element®, Moxy® Hotels, and Protea Hotels by Marriott®. The company also operates award-winning loyalty programs: Marriott Rewards®, which includes The Ritz-Carlton Rewards®, and Starwood Preferred Guest®. For more information, please visit our website at www.marriott.com, and for the latest company news, visit www.marriottnewscenter.com and @MarriottIntl. Investor Relations Guillermo Bravo Tel: +52 (55) 5292 8050 E-mail: [email protected] http://www.fibrahotel.com 4 @FibraHotel .
Load more

Recommended publications
  • 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
    [Show full text]
  • 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.
    [Show full text]
  • 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
    [Show full text]
  • Courtyard by Marriott®
    COURTYARD BY MARRIOTT® FRANCHISE HOTEL PERFORMANCE* Marriott’s largest brand by distribution, Courtyard® has a legacy of impressive Average Occupancy Rate: 73.1% performance that includes consistent delivery of high returns and solid RevPAR to owners. Courtyard owners also benefit from Marriott’s robust Average Daily Room Rate: $139.27 demand generation engine that drives top-line revenue while maximizing bottom-line savings. Average RevPAR: $101.82 Courtyard has long led the industry when it comes to meeting the needs of Average RevPAR Index: 108.9 the modern business traveler. Since breaking into the market 35 years ago as a brand built for business, Courtyard has continuously evolved, pushing the Loyal Customer Base: boundaries of design, style and service in the upscale category. Average Percentage of Loyalty Program Contribution to Occupancy at Courtyard is 55.2% Courtyard has introduced game-changing amenities like The Bistro — a Lower Cost Bookings: leading fast casual restaurant and collaborative lobby spaces. With a new, Marriott’s channels generate 71.0% of Courtyard’s more flexible prototype that fits a wide range of site needs and the largest reservations global rooms pipeline in the Marriott portfolio, Courtyard is poised to deliver owners even greater success in the future. COMPETITIVE FEE STRUCTURE* Application Fee: The greater of $90,000 plus $500 per Key Competitors: Hilton Garden Inn, Hyatt Place, Holiday Inn guestroom in excess of 150 guestrooms Royalty Fee: 6.0% of Gross Room Sales DISTRIBUTION (YE 2018) Program Services Contribution: 3.35% of gross room Courtyard currently has nearly 1,200 hotels with locations in all 50 U.S.
    [Show full text]
  • No Nama Perusahaan Alamat Kota Pimpinan 1 Alila Seminyak Jl
    No Nama Perusahaan Alamat Kota Pimpinan 1 Alila Seminyak Jl. Taman Ganesha No. 9 Peti Tenget Badung HRD 2 Asuransi Bumi Putra Jl. Patimura No 65 Denpasar Pimpinan 3 Intercontinental Bali Resort Jl. Uluwatu no 45 Jimbaran Badung Manajer Personalia 4 Ciptama Komputer Jl. Teuku Umar no. 123 Denpasar Pimpinan 5 CV. Anika Tailor Jl. Kartika plaza Gg Melati no. 7 Kuta Badung Pimpinan 6 CV. Dwi Cipta Group Jl. Gunung Seputan I/9 Denpasar Pimpinan 7 CV. Merta Nadi Br. Perang, Lukluk, Sempidi, Mengwi Badung Kabag. Personalia 8 CV. Padilla Jl. Pulau Moyo No. 40 A, Pedungan Denpasar Pimpinan 9 Dinas Koperasi PK dan M Propinsi Balli Jl. D.I. Panjaitan, Renon Denpasar Kepala 10 Dinas Pendapatan Daerah Kabupaten Jl. Raya Puputan, Niti Mandala Renon Denpasar Kepala 11 Dinas Pendapatan Propinsi Bali Jl. Letda Tantular No. 1 Denpasar Kepala 12 FIF Cabang Denpasar Jl Gatot Subroto No. 18 B Denpasar Branch Manager 13 Graha Sarana Duta Jl. Serma Gede No. 13 Denpasar Kepala Cabang 14 Hotel Casa Padma Jl. Yudistira, Legian, Kuta Badung Personal Manager 15 Hotel Sahid u.p Yesaya O'bail Jl. Pantai Kuta Badung Kabag. Personalia 16 Kancatel Tabanan Jl. Anggrek No. 19 Tabanan Tabanan Kepala Kepala Daerah Tingkat 17 Kantor Gubernur Bali Jl. Basuki Rachmat No. 1 Renon Denpasar I Bali 18 KPP. Pratama Denpasar Barat Jl. Raya Puputan No. 13 Denpasar Kepala 19 PT. Sinar Sosro Jl. Raya Kemenuh Gianyar HRD 20 KAP. Sodikin Harijanto dan Rekan Jl. Tukad Irawadi No. 18 Panjer Denpasar Pimpinan 21 KOPEGTEL PT. Telkom Jl. Serma Gede No. 13 Denpasar Manajer 22 KSP Sariarta Kencana 23 KSU Kuta Mimba Jl.
    [Show full text]
  • The Spirit of Event Business Events by Marriott: the Standard for Consistently Successful Events [ Sustainable Support for Your Event Management ]
    the spirit of event business Events by Marriott: the standard for consistently successful events [ Sustainable support for your event management ] Fresh ideas – perfect events With more than 3,500 hotels in over 70 Discover the essence of Events by Marriott. Reliability also needs a constant flow of countries, Marriott International isn’t just The unique sum of six simple promises fresh ideas. Our meetings and events one of the most successful hotel corpora- that reflect our understanding of your needs include products, practices and services tions; it’s also one of the largest and most as an event planner, matured over the that reduce overall environmental impact. experienced hosts of meetings and events course of decades. This means you can rely on a perfect event around the world. That’s reason enough to The uniform standards of the hotels in that also benefits the environment. combine all of our experience and know- Europe of JW Marriott®, Renaissance® ledge in a meetings and events programme Hotels and Marriott® Hotels & Resorts which assures you a product consistency ensure that the success of each of your and service security that is unrivalled: events can be planned. EVENTS by MARRIOTT the spirit of event business. Strong brands – a clear vision: continously successful events through consistent service JW Marriott Renaissance Hotels Marriott Hotels & Resorts A brand that offers you uncompromising, The brand that guarantees a pleasant The brand that inspires and caters to the understated luxury in a pleasant environ- stay for discerning guests, with lots ambitious guest can be found at more ment at over 40 exclusive city and resort of little touches.
    [Show full text]
  • American Hospitality Management, Inc. Winter, 2020 AHM Teams up with the Salvation Army
    Courtyard by Marriott Mason Ohio is Now Open More on page 11-13 American Hospitality Management, Inc. Winter, 2020 AHM Teams Up with the Salvation Army American Hospitality Management, Inc. (AHM) once again was an official sponsor for the Coats for Kids/Toys for Tots program through the Salvation Army. Throughout the year AHM has a Jean Fund; anytime a team member wears jeans into the office they pay $1.00. At the end of the year that money is used to buy items to donate to the program. Tami Morrow, AHM’s resident deal finder started shopping early and found several great items. The team also had a box on the 2nd floor by the conference room for anyone outside of AHM that wanted to use the business as a drop off location. Roman and Bill from the Roman and Bill loading their truck full of donations from AHM Salvation Army picked up all the donation items on Monday, December 16, 2019. “Thank you! This is an awesome way to help MANY families and their children during the Christmas season,” said AHM’s, Peg Stump. NOW OPEN The Courtyard by Marriott Petoskey at Victories Square The Courtyard by Marriott Petoskey at Victories Square officially opened November 25, 2019. Key Amenities Free high-speed internet Fitness center Pool Meeting event space Highlights New lobby experience offering engaging technology and inviting, flexible spaces to work and relax The Bistro offers healthy choices, a variety of breakfast and dinner options, an evening bar, and specialty beverages made with Starbucks® coffee Sign in to your Netflix and other streaming services on your in-room TV Courtyard by Marriott Petoskey at Victories Square 1866 Bear Place Petoskey, MI 49770 231-439-3333 Where Are They Now We catch up with former AHM Regional Vice President Eric Vert Why Hospitality? Hospitality was something I really grew into or for lack of a better word, walked into.
    [Show full text]
  • ITB 2020 4 - 8 March 2020 List of Exhibitors
    ITB 2020 4 - 8 March 2020 List of Exhibitors Exhibitor Postal code City Country/Region 1001 Nights Tours 19199 Tehran Iran 123 COMPARE.ME 08006 Barcelona Spain 1AVista Reisen GmbH 50679 Köln Germany 2 Travel 2 Egypt 11391 Cairo Egypt - Prime Hospitality Management Group 33-North Baabdath el Metn Lebanon 360-up Virtual Tour Marketing 40476 Düsseldorf Germany 365 Travel 10000 Hanoi Vietnam 3FullSteps 1060 Nicosia Cyprus 3Sixty Luxury Marketing RG9 2BP Henley on Thames United Kingdom 4Travel Incoming Tour Operator 31-072 Kraków Poland 4X4 Safarirentals GmbH 04229 Leipzig Germany 500 Rai Resort & Tours 84230 Surat Thani Thailand 506 On The River, Woodstock 05091 Woodstock United States of America 5stelle* native clouds pms 43019 Soragna Italy 5vorFlug GmbH 80339 München Germany 7 Degrees South Victoria Seychelles 7/24 Transfer Alanya/Antalya Turkey 7Pines Kempinski Ibiza 07830 Ibiza Spain 9 cities + 2 in Lower Saxony c/o Hannover Marketing & Tourismus GmbH 30165 Hannover Germany A & E Marketing Durbanville, Cape Town South Africa A Dong Villas Company Limited 56380 Hoi An City Vietnam A la Carte Travel Greece 63200 Nea Moudania Greece A Star Mongolia LLC 14250 Ulaanbaatar Mongolia a&o hostels Marketing GmbH 10179 Berlin Germany A-ROSA Flussschiff GmbH 18055 Rostock Germany A-SONO Riga Latvia A. Tsokkos Hotels Public Ltd 5341 Ayia Napa Cyprus A.T.S. Pacific Fiji Nadi Airport Fiji A1 Excursion Adventure Tours and Travel Pvt. Ltd. 44600 Kathmandu Nepal A2 Forum Management GmbH 33378 Rheda-Wiedenbrück Germany A3M Mobile Personal Protection GmbH 72070 Tübingen Germany AA Recreation Tours & Travels Pvt. Ltd. 110058 New Delhi India AAA Hotels & Resorts Pvt Ltd 20040 Male Maldives AAA Travel 7806 Cape Town South Africa AAA-Bahia-Brasil 41810-001 Salvador Brazil AAB - All About Belgium Incoming DMC for the Benelux 9340 Lede Belgium aachen tourist service e.v.
    [Show full text]
  • The Marriot Hotel Group Collection and Earning Structure
    THE MARRIOT HOTEL GROUP COLLECTION AND EARNING STRUCTURE Brand Brand Description Logo Earning Structure Conversion Structure Contact Information JW Marriott® At Marriott's most elegant and luxurious 2 miles per US$ spent on brand, little touches add up to all qualifying charges exceptional experiences. JW Marriott luxury hotels and resorts provide business and leisure travelers with simple elegance, an inviting atmosphere, and a deluxe level of comfort and personal service on their terms. Autograph The Autograph Collection is an evolving 2 miles per US$ spent on ensemble of strikingly independent all qualifying charges Collection® hotels. Each destination has been selected for its bold originality, rich Hotels character and uncommon details. From near to far, iconic to historic, the result is an array of properties that is nothing less than unique, nothing short of collectively exceptional. Renaissance Travel should be inspiring. At 2 miles per US$ spent on Renaissance Hotels worldwide, you'll all qualifying charges Hotels® find inspiration at every location. Rewards Points Choose from one of our historic icons, 1,500 Miles = 10,000pts chic boutiques or luxurious resorts. Each offers its own personality, local 3,500 Miles = 20,000pts flavor, distinctive style and charm. All 7,000 Miles = 30,000pts See Table on Page 5 will stimulate your appetite for 17,500 Miles = 70,000pts discovery. 35,000 Miles = 140,000pts Our Flagship brand of quality-tier, full- Marriott 2 miles per US$ spent on service hotels & resorts provides all qualifying charges Hotels® consistent, dependable, and genuinely caring experiences to guests on their terms. Features include fully equipped fitness centers, gift shops, swimming pools, Concierge levels, business centers, and meeting facilities.
    [Show full text]
  • Courtyard by Marriott®
    COURTYARD BY MARRIOTT® FRANCHISE HOTEL PERFORMANCE* Marriott’s largest brand by distribution, Courtyard® has a legacy of Average Occupancy Rate: 73.4% impressive performance that includes consistent delivery of high returns and solid RevPAR to owners. Courtyard owners also benefit from Marriott’s Average Daily Room Rate: $138.31 robust demand generation engine that drives top-line revenue while maximizing bottom-line savings. Average RevPAR: $101.54 Courtyard has long led the industry when it comes to meeting the needs of Average RevPAR Index: 110.2 the modern business traveler. Since breaking into the market 35 years ago as a brand built for business, Courtyard has continuously evolved, pushing Loyal Customer Base: the boundaries of design, style and service in the upscale category. Marriott Rewards® Member Paid Nights represent 55.9% of total Courtyard Nights Courtyard has introduced game-changing amenities like The Bistro — a Lower Cost Bookings: leading fast casual restaurant and collaborative lobby spaces. With a new, Marriott’s channels generate 69.7% more flexible prototype that fits a wide range of site needs and the largest of Courtyard’s reservations global rooms pipeline in the Marriott portfolio, Courtyard is poised to deliver owners even greater success in the future. COMPETITIVE FEE STRUCTURE* Key Competitors: Hilton Garden Inn, Hyatt Place, Holiday Inn Application Fee: The greater of $75,000 or $500 per guestroom DISTRIBUTION (Q3 2018) Courtyard currently has over 1,180 hotels with locations in all 50 U.S. states Royalty Fee: 6% of Gross Room Sales and over 45 countries and a robust pipeline of nearly 270 hotels.
    [Show full text]
  • Non-GAAP Reconciliations
    MARRIOTT INTERNATIONAL, INC. PRESS RELEASE SCHEDULES QUARTER 3, 2016 TABLE OF CONTENTS Consolidated Statements of Income A-1 Total Lodging Products A-3 Key Lodging Statistics: Legacy-Marriott A-6 Key Lodging Statistics: Legacy-Starwood A-10 Key Lodging Statistics: Pro Forma Combined Company A-14 Adjusted EBITDA A-15 Marriott and Starwood Total Fees and Owned, Leased, and Other, Net A-16 Non-GAAP Financial and Performance Measures A-17 MARRIOTT INTERNATIONAL, INC. CONSOLIDATED STATEMENTS OF INCOME THIRD QUARTER 2016 AND 2015 (in millions except per share amounts, unaudited) Less: Less: As Reported Starwood Results As Adjusted ** As Reported Percent Percent Three Months Ended Merger-Related Eight Days Ended Three Months Ended Three Months Ended Better/(Worse) Better/(Worse) September 30, 2016 Costs 8 September 30, 2016 8 September 30, 2016 September 30, 2015 Reported 2016 vs. 2015 Adjusted 2016 vs. 2015 REVENUES Base management fees $ 180 $ - $ 8 $ 172 $ 170 6 1 Franchise fees 250 - 8 242 227 10 7 Incentive management fees 81 - 4 77 68 19 13 Total Fees 511 - 20 491 465 10 6 Owned, leased, and other revenue 1 279 - 30 249 229 22 9 Cost reimbursements 2 3,152 - 118 3,034 2,884 9 5 Total Revenues 3,942 - 168 3,774 3,578 10 5 OPERATING COSTS AND EXPENSES Owned, leased, and other - direct 3 194 - 18 176 175 (11) (1) Reimbursed costs 3,152 - 118 3,034 2,884 (9) (5) Depreciation, amortization, and other 4 36 - 4 32 31 (16) (3) Merger-related costs and charges 228 228 - - - * - General, administrative, and other 5 161 - 7 154 149 (8) (3) Total
    [Show full text]
  • We Are America's Travel Industry, A
    The Honorable Mitch McConnell The Honorable Nancy Pelosi Majority Leader Speaker of the House of Representatives United States Senate United States House of Representatives Washington, DC 20510 Washington, DC 20510 The Honorable Charles Schumer The Honorable Kevin McCarthy Minority Leader Minority Leader United States Senate United States House of Representatives Washington, DC 20510 Washington, DC 20510 March 20, 2020 Dear Leader McConnell, Leader Schumer, Speaker Pelosi, and Leader McCarthy: We are America’s travel industry, an economic sector that directly employs 9 million American workers and supports a total of 15.8 million jobs. The travel and tourism industry—including but not limited to transportation, lodging, recreation and entertainment, food and beverage, meetings, conferences and business events, travel advisors, destination marketers—is comprised of businesses of all sizes, but the vast majority, 83%, are small businesses. Together we are grappling with the immediate and devastating impact of the current health crisis. Furloughs of American travel workers are happening right now. Travel to and within the United States has essentially ground to a stop due to the actions needed to halt the spread of coronavirus. Aggressive financial relief is needed immediately. Taking care of our employees will always be our top priority, but the hard fact is we cannot continue supporting them through this disaster without relief. To that end, we greatly appreciate and strongly support provisions in the ‘‘Coronavirus Aid, Relief, and Economic Security Act’’ that provide: • $300 billion for enhanced Small Business Administration (SBA) loans distributed through an expedited process and can be partially forgiven for employee retention; and • Tax relief to mitigate economic losses, including deferral of tax liability, extension of the Net Operating Loss deduction, and delay of estimated tax payments.
    [Show full text]