Sentences with phrase «development costs of the hotel»

Not exact matches

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

USA Niagara President Christopher J. Schoepflin said Wednesday that $ 5 million from the Buffalo Billion, the state fund set aside for economic development in Buffalo Niagara, will be used to buy the hotel, closed since 2007, and pay the expenses of a full inspection, insurance and holding costs before it is resold to a new developer.

The hotel development, which will cost over $ 40 million, will be co-developed by Civitas and Atlantic and managed by an affiliate of Atlantic.

Great Hotels of the World are pleased to announce the opening of a brand new hotel — Syna Tiger Resort - on 17 October 2011, following a four - year development at a cost of approximately $ 1.8 million.

Great Hotels of the World has announced the opening of a brand new hotel — Mantra Samui Resort & Spa, following a three and a half year development at a cost of $ 20 million.

Great Hotels of the World are pleased to announce the opening of a brand new hotel — Mantra Samui Resort and Spa on 10 October 2011, following a three and a half year development at a cost of $ 20 million.

The letter of intent contemplates a fixed sales price of approximately $ 800 million for the three hotels; this price is approximately equal to Marriott's expected total acquisition and development cost.

Summary: Over 15 Years of Outstanding Experience Seasoned, motivational leader, educated at leading culinary institutions and superior private and hotel restaurants and offering a demonstrated record of food service executive management encompassing international food preparation, large - scale catering, menu and Recipe development, inventory and cost control, personnel supervision and leadership, purchasing and vendor relati...

Professional Duties & Responsibilities Directed all daily operations, customer service, personnel, and finances for multiple hotels and resorts Designed and implemented marketing and sales campaigns resulting in increased business Planned and executed successful community events which enhanced brand awareness Responsible for multimillion dollar inventory, facility, and professional food preparation equipment Recruited, trained, and oversaw customer service personnel, kitchen staff, and cleaning crews Set company budgets, maintained profit / loss statements, and ensured overall financial health Cut operational costs through effective inventory management and employee scheduling Negotiated contracts and agreements with suppliers securing quality products at low prices Performed site inspection tours as well as potential client tours Built and maintained highly profitable corporate accounts Ensured compliance with all applicable health and safety regulations Created employee development programs building staff skill sets and value Utilized employee recognition tactics to build morale and company loyalty Crafted an atmosphere of respect, professionalism, and dedication to excellence Developed a loyal client base through excellent customer service and a quality guest experience Built and strengthened relationships with clients, staff, and community leaders Performed administrative duties such as data entry, filing, faxing, and phones as needed

With new development no longer on hold due to a renewed flow of equity capital and low - cost debt financing, the hotel market is revving up across the country.

Additional proceeds of the loan will be used to fund predevelopment costs for the anticipated 265,000 square - foot hotel development project on the site.

These documents, and the complexity of EB - 5 program requirements, cause higher transaction costs than for most other forms of capital for hotel development.