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Tourism and civil aviation – a symbiotic relationship

Tourism and civil aviation – a symbiotic relationship
eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.

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Manager chosen for Frenchman's Reef and Noni Beach on St. Thomas: Travel Weekly

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Frenchman’s Reef Marriott Resort & Spa, pictured, and Noni Beach, Autograph Collection have both been closed since Hurricane Irma hit the island in 2017. They ll reopen next year.
Texas-based Aimbridge Hospitality, a global hotel management company, will manage the Frenchman s Reef Marriott Resort & Spa and Noni Beach, Autograph Collection in St. Thomas, which are slated to reopen in the fall of 2022 after a $250 million rebuild.
The property was recently purchased by New York-based Fortress Investment Group, which has retained Aimbridge as the management company. Fortress will spearhead the rebuild and reopening efforts. With 384 rooms, including 28 suites at Frenchman s Reef and 94 rooms including two suites at the adjacent Noni Beach (formerly Morning Star Marriott Beach Resort), the property is the largest on St. Thomas. ....

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DiamondRock Hospitality Company Reports First Quarter Results

DiamondRock Hospitality Company Reports First Quarter Results
Portfolio Turns Cash Flow Positive in March
Completes Frenchman s Reef Transaction
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BETHESDA, Md., May 6, 2021 /PRNewswire/ DiamondRock Hospitality Company (the Company ) (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 30 premium hotels in the United States, today announced results of operations for the quarter ended March 31, 2021.
First Quarter 2021 Highlights:
Comparable Revenues: Comparable total revenues decreased 57.1% from the comparable period of 2020.
Comparable RevPAR: RevPAR decreased 54.4% from the comparable period of 2020.
Hotel Adjusted EBITDA: Hotel Adjusted EBITDA was ($2.6) million, a 65.8% improvement from the fourth quarter of 2020. ....

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DiamondRock Hospitality Company Reports Fourth Quarter and Full Year 2020 Results

DiamondRock Hospitality Company Reports Fourth Quarter and Full Year 2020 Results
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BETHESDA, Md., Feb. 24, 2021 /PRNewswire/ DiamondRock Hospitality Company (the Company ) (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 31 premium hotels in the United States, today announced results of operations for the quarter and year ended December 31, 2020.
Fourth Quarter 2020 Highlights:
Comparable Revenues: Comparable total revenues decreased 75.2% from the comparable period of 2019.
Comparable RevPAR: RevPAR decreased 77.1% from the comparable period of 2019.
Hotel Adjusted EBITDA: Hotel Adjusted EBITDA was ($7.6) million, a 56.3% improvement from the third quarter 2020.
Adjusted EBITDA: Adjusted EBITDA was ($14.9) million, a decrease of $77.6 million from 2019. ....

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