39160 24 Comments http%3A%2F%2Fwww.hawaiireporter.com%2Fthe-modern-honolulu-luxury-hotel-renamed-mar

Archive Business Cartoons CharleyWorld Comics Education Fox Energy and Environment Reports Guest Commentary Hawaii Capitol Thoughts Hawaii News Highlights Hawaii Politics Heroes of the Pacific John Pritchett Cartoons News On Target Opinion Pflueger princess cruises mediterranean Files Pic of the Day Slice of Life, Hawaiian Style Special Features Special Investigation Today in Hawaii Today in our Nation and World Transportation Rail Travel Videos
STATEMENT FROM THE NEW MANAGEMENT  – M Waikiki LLC, a hotel investment group, princess cruises mediterranean today announced that it has selected Modern Management Services, LLC, an affiliate of Aqua Hotels Resorts (“Aqua”) as the new management company of the former Waikiki Edition Hotel (the “hotel”), princess cruises mediterranean a luxury property in Honolulu, Hawaii. The 353-room property, renamed The MODERN Honolulu, becomes a flagship property of Aqua, Hawaii’s premier boutique hotel chain. Reservations can be made by visiting the hotel’s new website at  www.themodernhonolulu.com  or by calling (808) 943-5800.
“We are extremely excited about this new opportunity,” said Damian McKinney, principal princess cruises mediterranean of M Waikiki LLC, the owner of the hotel. “We believe that Aqua will realize the vision on which this hotel was developed – becoming the leading lifestyle hotel in Hawaii.”
M Waikiki LLC (the “owner”) announced Modern Management Services as the manager of the property following the termination of Marriott International Inc. (“Marriott”) princess cruises mediterranean amid allegations that the hotel has suffered from mismanagement by Marriott which were compounded by Marriott’s failure to develop the Edition brand with which the property was previously affiliated.
“Our primary focus is ensuring a smooth transition for employees and guests,” said Benjamin Rafter, president and CEO of Aqua. “Based on our experience in the local hospitality community, we believe The MODERN Honolulu will become the lifestyle hotel in the Islands.”
The announcement of new management comes more than three months after the owner filed a lawsuit against Marriott princess cruises mediterranean and boutique hotelier Ian Schrager. According to allegations in the lawsuit, the property opened as the first Edition hotel in late 2010 and, since that time, has suffered from poor occupancy, a brand with virtually no identity, and Marriott’s unwillingness to control expenses. The complaint princess cruises mediterranean asserts, “What defendants represented would be a fully supported new lifestyle hotel brand in the Marriott family of brands has turned out to be a nonexistent hotel chain.”
princess cruises mediterranean “The owner believes that Marriott has failed in its management of this resort as well as the delivery of the Edition brand concept,” said William A. Brewer III, partner at Bickel Brewer and lead counsel princess cruises mediterranean for the owner. “As a result, princess cruises mediterranean our clients brought in new management princess cruises mediterranean in the belief that doing so would better princess cruises mediterranean protect their investment.”
According to the lawsuit, when the Edition brand of boutique hotels was publicly announced, Marriott’s President and Chief Operating Officer, Arne Sorenson, stated, “Success will be determined by one thing only: how many of these we can open, and how well they perform.”
The complaint alleges that despite Marriott’s representation in 2007 that it had agreements in place to open nine hotels in major cities worldwide within the year, with up to 100 more coming soon thereafter, there is only one other Edition Hotel, a 77-room Istanbul, Turkey property that just recently opened. The lawsuit says that defendants’ failure to perform their obligations have “resulted in outrageously low occupancy levels and average daily room rates for the Hotel.”
Indeed, according to the owner, during the three-month period of May – July 2011, the hotel sustained staggering operating princess cruises mediterranean losses of $1.9 million. Approximately a week ago, an updated 2011 forecast prepared by Marriott increased the projected loss for the remainder of 2011 from $1.2 million to over $1.9 million – resulting in total projected operating losses for the year of almost $6.4 million.
Although Marriott has attempted princess cruises mediterranean to deflect responsibility for the hotel’s poor performance, the hotel’s competition has consistently outperformed the property. A recent report from Smith Travel Research indicates the hotel has a RevPAR (revenue per available room) Index of 47 percent year-to-date. Even in July 2011, as the local hospitality market flourished, the hotel had occupancy rates that were almost 20 percent below its competitive set and a RevPAR index of only 54 percent.
The MODERN Honolulu is a unique luxury hotel located on the Island of Oahu, within walking distance of world famous Waikiki Beach, the Hawaii Convention Center, Ala Moana Beach Park and Ala Moana Shopping princess cruises mediterranean Center. princess cruises mediterranean All hotel facilities, including world-renowned Morimoto Waikiki, the Lobby Bar, the Bar at Sunrise Pool and the nightclub remain open under the hotel’s new management. Hotel guests also have uninterrupted access to the property’s full-service spa, state-of-the-art princess cruises mediterranean fitness center and retail shop.
About M Waikiki LLC:  M. Waikiki is a Hawaii limited princess cruises mediterranean liability company with its principal place of business located in San Diego, California. princess cruises mediterranean It is a special purpose entity, having approximately 75 indirect investors, which was formed to acquire the Hotel.
About Modern Management Services and Aqua Hotels Resorts:  Modern Management Services is an affiliate of Aqua Hotels Resorts, a full-service management company founded in 2001 by Hawaii hotelier Mike Paulin. Currently representing contemporary hotels and resorts located on Oahu, Maui, Kauai, Molokai and Lanai, princess cruises mediterranean Aqua offers full-service resorts, stylish beach boutique hotels.
Headquartered in Waikiki, Aqua became Hawaii’s princess cruises mediterranean first employee-owned hotel company in 2008 when it executed an Employee princess cruises mediterranean Stock Ownership Plan. For more information on the company and individual hotels, visit  www.aquaresorts.com  or call 1-808-943-9291.
About Bickel Brewer:   Founded in 1984, Bickel Brewer has earned a reputation as one of the most successful law firms in the United States practicing exclusively in the field of complex commercial litigation and dispute resolution. With offices in New York and Dallas, Bickel princess cruises mediterranean Brewer represents a wide spectrum of industry leaders – from entrepreneurs to Fortune 500 corporations – facing the most challenging of legal issues. Visit Bickel Brewer at  www.bickelbrewer.com .
39160 24 Comments http%3A%2F%2Fwww.hawaiireporter.com%2Fthe-modern-honolulu-luxury-hotel-renamed-marriott-terminated-as-manager-of-former-edition-property%2F123 The+MODERN+Honolulu%3A+Luxury+Hotel+Renamed%3B+Marriott+Terminated+as+Manager+of+Former+Edition+Property 2011-08-29+16%3A14%3A59 Guest+Contributor http%3A%2F%2Fwww.hawaiireporter.com%2F%3Fp%3D39160 for The MODERN Honolulu: Luxury Hotel Renamed; Marriott Terminated as Manager of Former Edition Property
The necessary of education are clear. Education is the learning about putting one s possibilities to greatest utilization. One can securely say that an individual is not in the best possible sense till he is educated.
princess cruises mediterranean A lot of women in the world want to have a great style and a different look that helps them to be prominent in all the women attending the parties. So having a good quality human hair wig can allow you to have great style that you love of war on your hairs.
A lot of females on the globe want to have an excellent design and a different look that allows them to be popular in all the females participating the events. So having a high top quality hair wig can allow you to have excellent design that you really like of war on your hair.
Recent Comments mikeedison on Unfunded Liabilities are Putting Hawaii Taxpayers in Dire Financial State Kameaike Souza on Bullying in Hawaii: princess cruises mediterranean A State of Denial shaftalley on Obama Asks Congress for $3.7 Billion princess cruises mediterranean to Tackle Immigration Crisis princess cruises mediterranean Polls