Gaylord Entertainment Co. reported its
second quarter 2008 results this week. The company’s hospitality
segment saw total revenue increase 38.7 percent to $233.3 million
in the second quarter of 2008, compared to the same period in 2007.
Revenue per available room for second quarter 2008 increased 2.6
percent, compared to the same period in 2007. When contacted by
M&C to confirm the report’s findings, Brian
Abrahamson, vice president of communication for Gaylord, said
reports by some trade organizations, such as Trade Show
Week, that the company’s earning had dropped 91 percent were
misleading, because they did not take into account the $140.3
million pre-tax gain from the sale of the company's investment in
Bass Pro Group last year, which significantly boosted 2007
Oregon's second Crowne Plaza hotel
opened in Portland last week, following a $3 million renovation.
The 241-room Crowne Plaza Portland-Downtown has been converted from
a Holiday Inn, and in the process received a new lobby, furniture,
beds, bathroom package and more. The property has free Wi-Fi, a
fitness center, an indoor pool, and 10,000 square feet of meeting
Starwood Hotels & Resorts has
opened the 136-room Aloft Charleston Airport & Convention
Center in South Carolina. The property has one 526-square-foot
The number of three- to five-star hotels in Vietnam has increased
by nearly 50 percent and the number of hotel rooms in the upscale
category has more than doubled in the past three years, according a
study released by consulting firm Grant Thornton. Vietnam now has
more than 5,200 rooms at 37 upscale properties. The average daily
rate at those hotels rose 37 percent between 2006 and 2007, thanks,
in part, to a more than 5 percent increase in the number of
business travelers to Vietnam over the past two years.
As tropical storm Edouard made landfall
on the upper Texas coast yesterday, properties on the state's South
Padre Island, far south of the new storm, continued to recover from
Hurricane Dolly. As of Friday, the 250-room Sheraton South Padre
Island still had no power or water; the hotel will not reopen until
Oct. 31. The 194-room Radisson Resort South Padre Island is closed
until Oct. 1.
A stunning new outdoor pavilion opened
Sunday at Sun Valley Resort in Idaho with a concert by the Sun
Valley Summer Symphony. The venue seats 1,500 people under its
sail-like cover and has room to seat another 2,500 on the
surrounding grass. Debuting on Aug. 11 will be the White Clouds
Golf Course, a nine-hole alpine links layout designed by Robert
Trent Jones II architect Donald Knott; it joins the 18-hole Trail
Creek course, a creation of Robert Trent Jones Jr. himself. A new
58,000-square-foot clubhouse for the courses opens on Aug. 20. The
resort offers accommodations in the 148-room Sun Valley Lodge, the
109-room Sun Valley Inn, and various condominiums and cottages.
Groups meet in about 26,000 square feet of meeting space.
The Meridian Cool Springs mixed-use
development in Franklin, Tenn., will add a 225-room Westin hotel in
mid 2010. Ground will be broken later this year on the property,
which will offer 10,000 square feet of meeting space, including a
5,000-square-foot ballroom. Already open at the 65-acre project are
seven restaurants and 68,000 square feet of retail space; debuting
in November are the 122-room Courtyard Franklin Cool Springs and a
124-room Residence Inn.
In 2011, construction will begin on One Bayfront Plaza, a 70-story,
mixed-use high rise in Miami. Spanning two city blocks, the
spiral-shaped, two-tower structure will house a four-star, 850-room
convention hotel, 120,000 square feet of meeting space, and 112,000
square feet of retail space. A hotel brand has not yet been
attached to the project. The building aims to be silver
LEED-certified and will open in mid-2014.
The Virgin Spa at Natirar development
is proceeding, according to co-developers Sir Richard Branson and
New Jersey businessman Robert Wojtowicz, who recently held an
official groundbreaking at the site in Peapack-Gladstone, N.J.
Branson intends to make the $90 million project part of the Virgin
Limited Edition portfolio. The hotel-spa will be constructed on the
450-acre estate formerly owned by King Hassan II of Morocco, and
currently on lease to Branson from Somerset County. As reported in
the New Jersey Star-Ledger, the developers still lack the
necessary permit to begin construction, as the application is still
under review by borough officials.