“Hotels to pay fine for price gouging during hurricane” plus 2 more |
- Hotels to pay fine for price gouging during hurricane
- The Ultimate Check(In) – Marriott Becomes Exclusive Lodging Partner of US Lacrosse and Team USA
- Marriott Begins European Campaign
| Hotels to pay fine for price gouging during hurricane Posted: 07 Mar 2011 07:45 PM PST McALLEN — Five South Texas hotels have agreed to pay more than $80,000 in civil penalties and attorney fees after unlawfully hiking lodging prices during Hurricane Dolly. State investigators discovered the hotels — Motel 6 in Harlingen, Best Western La Palmas Inn in Mission, Country Hearth Inn and Suites in Pharr and Comfort Inn in Edinburg and in Pharr — increased the costs of their rooms after Gov. Rick Perry issued a disaster declaration as Hurricane Dolly approached the area in July 2008, according to a news release from Texas Attorney General Gregg Abbott. Under Texas Law, when the governor declares a disaster, vendors are prohibited from raising prices to profit from the disaster, said Abbott, who is charged with enforcing the law. Each of the five hotels decided to enter an agreement, in which they were ordered to pay civil penalties and change their business practices during a declared disaster, Abbott said. The businesses must now post the daily room rate in each room and maintain a registration system that includes guests' names, contact information, length of stay and rates charged per day. The hotels were assessed the following fees: >> Motel 6, Harlingen: $15,000 — $11,000 as a civil penalty and $4,000 for attorney fees. >> Country Hearth Inn and Suites, Pharr: $15,212 — $11,000 as a civil penalty and $4,212 for attorney fees. >> Comfort Inn, Pharr: $26,277 — $19,000 as a civil penalty and $7,277 for attorney fees. >> Comfort Inn, Edinburg: $23,511 — $17,000 as a civil penalty and $6,511 for attorney fees. >> Best Western La Palmas Inn, Mission: $8,000 — $2,000 as a civil penalty and $6,000 for attorney fees. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| The Ultimate Check(In) – Marriott Becomes Exclusive Lodging Partner of US Lacrosse and Team USA Posted: 08 Mar 2011 12:00 PM PST Marriott International, Inc. is now a proud sponsor of US Lacrosse, the national governing body of men's and women's lacrosse, and the U.S. men's and women's national teams program. As part of the sponsorship, Marriott will provide US Lacrosse's more than 300,000 members with the best available lodging rates, and US Lacrosse will make Marriott brands its preferred hotels for all events. Baltimore, MD (Vocus/PRWEB) March 08, 2011 Marriott International, Inc. is now a proud sponsor of US Lacrosse, the national governing body of men's and women's lacrosse, and the U.S. men's and women's national teams program. As a global lodging leader, Marriott offers the opportunity to book at more than 3,500 hotels in 70 countries around the world. As part of the sponsorship, Marriott will provide US Lacrosse's more than 300,000 members with the best available lodging rates, and US Lacrosse will make Marriott brands its preferred hotels for all events. US Lacrosse members can also make reservations through an easy to use travel portal located at http://www.marriott.com/uslacrosse. Hotel industry data shows that leisure and personal travel is one of the fastest growing market segments. This sponsorship will enable Marriott to increase weekend bookings when occupancy is typically lower and grow market share by attracting traveling lacrosse teams and their families. "US Lacrosse members will have access to Marriott's impeccable amenities and convenient locations at great rates," said Steve Stenersen, US Lacrosse president and CEO. "This is a win for the lacrosse community." Marriott noted its dedication to supporting amateur sports. "Marriott recognizes that lacrosse is one of the fastest growing team sports in the U.S., and we're thrilled to be a sponsor," said Joanna Todd, vice president, global partnerships and promotions, Marriott International, Inc. As the exclusive lodging partner of Team USA, the gold medal winning lacrosse teams will stay in ultimate comfort while traveling the globe, at one of the more than 3,500 Marriott hotels worldwide. Participating Marriott brands include JW Marriott, Marriott Hotels and Resorts, Renaissance Hotels, Courtyard, Fairfield Inn and Suites, Residence Inn, SpringHill Suites and TownePlace Suites. Additionally, a percentage of every stay booked through the member travel portal will go right back to US Lacrosse's programs and services, directly benefiting and supporting the growth of the sport of lacrosse. About US Lacrosse About Marriott International, Inc. # # # Emily Gibson This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| Marriott Begins European Campaign Posted: 08 Mar 2011 02:35 PM PST , On Tuesday March 8, 2011, 5:35 pm EST Marriott International Inc. (NYSE: MAR - News), appears geared up to hit the European market with the launch of four new hotels in Spain. The hotels are being opened in association with Spanish hotel group AC Hotels. In January 2010, Marriott announced that it has sealed a deal with AC Hotels, to manage and franchise a new lodging brand across Europe and Latin America. Financial terms of the deal were not disclosed. The new lodging brand will be labeled "AC Hotels by Marriott." By May 2011, these four hotels will join Marriott's recently launched Autograph Collection, a portfolio of distinct, independent hotels and resorts catering to the upper-upscale and luxury segment. Founded in 1998, AC Hotels currently has a portfolio of over 90 hotels in ownership, leasing or management, in Spain, Italy and Portugal, encompassing more than 9,500 rooms. AC Hotels, with its vast know-how about this market, delivers in accordance with European taste and liking. Following the launch, all its hotels will be re-branded. Marriott's management believes this strategic partnership will widen its reach in the European market, particularly in Spain, the fourth largest source market in that continent. Apart from Spain, the focus will be on Italy and Portugal. Marriott believes that there is tremendous development opportunity outside the U.S., in places like Asia-Pacific, the Middle East and in to some extent in Europe. By 2015, Marriott plans to double its European room portfolio from the current 40,000. AC Hotels by Marriott will re-brand 86 hotels initially. The joint venture promises tremendous growth potential in terms of aggressive expansion throughout Europe. AC Hotels by Marriott will deploy the concept and business model of AC Hotels and Marriott's global footprint, systems, distribution, sales initiatives particularly Marriott Rewards. Starting May 2011, management expects all AC Hotels by Marriott to be bookable on Marriott.com. Apart from Europe, Marriott plans to double its number of properties in China by 2015, which is its largest market outside the U.S. The company also expects to open 100 hotels in India over the next five years. Expansion in China, Europe and India is a strategic fit, given the slow recovery of the U.S. hotel industry. However, competition in the industry is intensifying and each of Marriott's brands competes with major hotel chains in national and international venues. Apart from expanding in Asia-Pacific and Latin America, Marriott's closest competitor Starwood Hotels & Resorts Worldwide Inc. (NYSE: HOT - News) will also increase its portfolio of 247 hotels in Europe, Africa and the Middle East with almost a dozen new hotels slated for launch in 2011. Marriott currently retains a Zacks #3 Rank, which translates into a short-term Hold rating. We are also maintaining our long-term Neutral recommendation on the stock. MARRIOTT INTL INC NEW (MAR): Read the Full Research Report STARWOOD HOTELS&RESORTS WRLD (HOT): Read the Full Research Report Follow Yahoo! Finance on ; become a fan on Facebook. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
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