Hotels and motels
Circus Circus Enterprises, Inc. gave the Hacienda Hotel & Casino a spectacular farewell on New Year's Eve, clearing the site for the construction of the company's latest project, Project Paradise. This 4,000-room resort and casino, slated to open in the fall of 1998, will feature
Hotels and motels
Beginning January 1, 1997, the Seattle Super Saver Package allows travelers to enjoy up to 50% off room rates at 25 downtown Seattle hotels, as well as significant savings on top visitor attractions, shopping, and dining. The package is valid through March 31, 1997, and can be reserved by calling
Hotels and motels
Burnham Pacific Properties, Inc., a California-based real estate investment trust (REIT), has sold its 70% interest in the Beverly Garland's Holiday Inn Hotel, a 255-room hotel in North Hollywood, California, to Rio Vista Development, its former co-owner and operator. The sale, which closed on December 27, 1995, will
Hotels and motels
Bankers Trust, as the administrative agent for a syndicate of lenders, has accelerated the debt for Harrah's Jazz Company's New Orleans casino project after the company failed to make required payments under its management contract. This decision was made following a shutdown of the temporary casino
Hotels and motels
Primadonna Resorts, a leading casino resort operator, has announced the appointment of H. Martin Rosa to its Board of Directors, subject to approval by gaming authorities. Dr. Rosa brings a wealth of experience to the role, having previously served as an advisor to the company's predecessor, Primadonna Corporation,
Real estate investment trusts
Winston Hotels, Inc. announced record results for the second quarter and first six months ended June 30, 1995. The company's funds from operations (FFO) increased 87% to $3.4 million for the second quarter, compared to pro forma FFO of $1.8 million for the same quarter in
Real estate investment trusts
Starwood Lodging Trust and its management company, Starwood Lodging Corp., have completed the acquisition of the 462-room Sheraton Colony Square hotel in Atlanta, Georgia, for $34 million in cash. This acquisition marks the first hotel property purchase by the Trust since its recent offering in July 1995, which raised approximately
Hotels and motels
Promus Companies Incorporated (NYSE: PRI) has announced the satisfaction of the final conditions for the spin-off of its wholly owned subsidiary, Promus Hotel Corporation (NYSE: PRH). This move has been in the works since stockholders approved the spin-off on May 26, 1995. The spin-off will result in the creation of
Hotels and motels
James Montana, former chief legal counsel to Illinois Governor Jim Edgar, has been appointed as the new senior vice president and general counsel of Bally Entertainment Corporation, subject to approval by regulatory authorities. Montana brings with him a wealth of experience and expertise in legal affairs, having served as Governor
Hotels and motels
Beverly Hills, California-based Hilton Hotels Corporation made headlines yesterday with the announcement of its plans to spin off its casino operations to shareholders. This move comes after a tumultuous period, marked by speculation about a potential sale of the entire company. The spinoff is intended to allow both the casino
Hotels and motels
Resorts International Inc., the parent company of the Merv Griffin's Resorts Casino Hotel in Atlantic City, New Jersey, announced its operating results for the first quarter of 1995. Despite a challenging comparison to the prior year, which included the results of its Paradise Island operation, the company reported
Actors
In the former Times Square Hotel, a unprecedented social experiment is taking place. A mix of formerly homeless and mentally ill individuals, people with AIDS, and working-class residents are living together in a newly restored building, once known for its notorious welfare clientele. This bold initiative, spearheaded by nonprofit organizations
