ACESITE HOTEL CORP

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                    [ArticleID] => 192777
                    [Title] => Business as usual at Holiday Inn Manila — Acesite
                    [Summary] => Acesite Hotel Corp. said yesterday it’s still business as usual at the Holiday Inn Manila despite the withdrawal by Holiday Inn Phils. Inc. (HIPI) of the hotel management contract which takes effect Feb. 28, 2003.


In a disclosure letter to the Philippine Stock Exchange, Acesite said the withdrawal of HIPI will "impact chiefly on room production generated by the Holidex reservation system."


Acesite said the system accounts for 13 percent of the hotel’s room bookings and translates to an annual sales volume of P31.3 million.


                    [DatePublished] => 2003-01-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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            [1] => Array
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                    [ArticleID] => 192558
                    [Title] => Holiday Inn ends management contract with Acesite Hotel
                    [Summary] => Holiday Inns Phils. Inc. (HIPI) has decided to terminate its hotel management agreement with listed firm Acesite Hotel Corp. due to the hotel’s deteriorating physical condition.


Acesite said the termination will be effective Feb. 28 this year.  The contract was to have continued until Jan. 1, 2005.


In the notice of pre-termination issued to Acesite, HIPI said "the hotel’s current physical condition is no longer in keeping with the norms of a "Holiday Inn" hotel in accordance with HIPI guidelines."


                    [DatePublished] => 2003-01-23 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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Business as usual at Holiday Inn Manila — Acesite

By Zinnia B. Dela Peña | January 25, 2003 - 12:00am

Acesite Hotel Corp. said yesterday it’s still business as usual at the Holiday Inn Manila despite the withdrawal by Holiday Inn Phils. Inc. (HIPI) of the hotel management contract which takes effect Feb. 28,...

Business

Holiday Inn ends management contract with Acesite Hotel

January 23, 2003 - 12:00am

Holiday Inns Phils. Inc. (HIPI) has decided to terminate its hotel management agreement with listed firm Acesite Hotel Corp. due to the hotel’s deteriorating physical condition. Acesite said the termination...

Business