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December 24, 2012News for hotel and lodging professionals

  Front Desk 
  • Pinnacle Entertainment purchasing Ameristar in $869 million deal
    Pinnacle Entertainment announced on Friday that it will acquire Ameristar Casinos for $869 million. "The acquisition of Ameristar is a transformative transaction for Pinnacle that will provide us the scale and diversification to more effectively compete," Pinnacle CEO Anthony Sanfilippo said. Acquiring Ameristar -- which Pinnacle valued at a total enterprise value of $2.8 billion -- will more than double the reach of the Las Vegas-based regional casino operator, adding Ameristar's casino resorts in Colorado, Missouri, Indiana, Iowa, Mississippi and Nevada to its portfolio in Louisiana, Missouri, Indiana and Ohio. Las Vegas Review-Journal (12/21) LinkedInFacebookTwitterEmail this Story
  Business Update 
  • Other News
  Market Trends 
  • Small hotel projects dominate U.S. pipeline growth
    Small hotel projects accounted for 92% of the U.S. lodging market's total construction pipeline by the end of the third quarter, says Patrick Ford, president of Lodging Econometrics. "Burgeoning project counts for smaller hotels along with a falling number of larger projects help explain why an apparently stalled total pipeline can still produce a growing number of new hotel openings. It's always this way at the start of a new real estate cycle," Ford writes. Growth in the overall pipeline during the third quarter marks the second consecutive quarterly rise from the cyclical bottom set in the first quarter of 2012. Hotel Management online (12/21) LinkedInFacebookTwitterEmail this Story
  • Eco-weak to eco-chic: Hotel sustainability is fiscally smart
    The Glen Oaks Big Sur in California is a shining example of how sustainable changes don't have to break the bank for a hotel, Glenn Haussman says. The lodge went from charging $75 per night to $225 after renovating with sustainable materials for about $15,000 to $20,000 per room. "There is change going regarding sustainability in our industry. In 1999 the idea of sustainability was it was expensive and difficult and may not stick around. Now we are very much in the phase of doing what we did but causing less damage while doing it," said Craig Palacios, architect, sustainability consultant and adjunct professor at the University of Nevada, Las Vegas. Hotel Interactive (12/20) LinkedInFacebookTwitterEmail this Story
  • Other News
  Hot Topics 

Top five news stories selected by AH&LA SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.
  Spotlight on Technology 
  Best Practices 
  • Innovation is a vital component of luxury-hotel success
    SESTO on Arno, a rooftop restaurant on the sixth floor of The Westin Excelsior in Florence, Italy, offers innovation in the hotel industry by offering unique furnishings and materials along with different table arrangements, this writer says. Most buildings in the historic part of the city do not go beyond a height of four floors, nor do they offer indoor and outdoor dining as part of a restaurant on a rooftop, and the innovation has turned SESTO into the "talk of the town," Ian Graham writes. Hospitality Net (12/20) LinkedInFacebookTwitterEmail this Story
  Development 
  • Other News
  AH&LA News 
  • Allen Hermansen donates $5,000 to Annual Giving Campaign

    AH&LEF's 2012 Annual Giving Campaign received a $5,000 contribution from Allen Hermansen, a former Hilton Hotels vice president. This is his second donation of $5,000 to the campaign and brings his total raised to date to more than $143,000. Give back to your industry with a personal or corporate contribution to AH&LEF's 2012 Annual Giving Campaign. All donations are tax deductible. Donate online here. LinkedInFacebookTwitterEmail this Story
  • Connect with leading women in the industry

    AH&LA's Women in Lodging (WIL) Connect is a network of more than 2,000 nationwide that enables you to connect with top women in the industry and gain career momentum. Access the Who's Who database of expertise, participate in the mentor program and in national and state events and educational programs. Membership is free if you are employed at a member organization. Visit www.ahla.com/WIL. LinkedInFacebookTwitterEmail this Story
Learn more about AH&LA ->Home  |  Join AH&LA  |  Educational Institute  |  Foundation

  Editor's Note 
  • SmartBrief will not publish Tuesday
    In observance of Christmas, SmartBrief will not publish Tuesday. Publication will resume Wednesday. Enjoy the holiday! LinkedInFacebookTwitterEmail this Story
  SmartQuote 
In seed time learn, in harvest teach, in winter enjoy."
--William Blake,
British poet and painter


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