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September 22, 2008 -- Green Globe International, Inc. (OTC BB:GGLB.OB), which owns the Green Globe brand, the premier international green brand, today announced the return of management from meetings in the Caribbean region related to the expected signings of comprehensive Sustainability and Carbon Neutrality Plan for Tourism Destinations.
The company reported that Chief Executive Officer and Managing Director Steven R. Peacock traveled to the Caribbean for discussions with tourism destinations in the region that are considering signing on to Green Globe International's Sustainability and Carbon Neutrality Plan for Tourism Destinations. The plans include a carbon offset strategy, and a sustainability strategy, Green Globe benchmarking and certification, and a communications program.
Mr. Peacock met with the company's consultants in the region, which have been contracted to assist in the delivery of sustainability programs to the Caribbean under the Green Globe banner. He also met with high level tourism officials in the region.
Beyond the first international tourism destinations, Green Globe International and its representatives have initiated discussions with several municipalities regarding its Sustainability and Carbon Neutrality Plan. The company expects that its first agreements with international destinations will lead to additional clients, both internationally and in the United States.
The World Travel and Tourism Council (WTTC) established Green Globe in 1992 as a response to the United Nations Rio de Janeiro Earth Summit, where 182 Heads of State endorsed the Agenda 21 principles of Sustainable Development. Green Globe is the only international sustainability program based on Agenda 21 principles.
September 22, 2008 -- RockResorts International, LLC announced today it will expand its luxury property collection to the heart of the Northeast with the addition of The Mansfield Inn at Stowe, A RockResort in Stowe, Vermont. RockResorts has entered into an agreement with a joint venture between Stonewater Partners, Inc. and CastleGrace Management LLC to manage all resort operations, provide technical advisory services and provide marketing licensing services to assist in the sale of the residences. RockResorts, a resort hotel company headquartered in Broomfield, Colorado, is a wholly owned subsidiary of Vail Resorts, Inc. (NYSE: MTN).
Nestled in the woods of Stowe, The Mansfield Inn at Stowe will have a number of residences to be sold to third party purchasers. The property will also offer a number of luxury tented accommodations designed to allow guests to experience a rustic, outdoors experience with all of the finest amenities for which the RockResorts brand is known. Other property highlights will include a three-meal restaurant with a fine dining element; 6,000 square foot spa including six stand alone spa-themed cabins; two paddle tennis courts; warming hut and outdoor heated pool and hot tubs. The Mansfield Inn at Stowe is scheduled to open for the 2010/2011 ski season.
Stowe is home to some of New England's best skiing and offers a refined, year-round, international mountain resort community with a myriad of historical, cultural and recreational activities. Stowe's commitment to preserving the natural beauty of the area is a perfect complement to RockResorts' brand commitment to managing legendary luxury properties that embrace their spectacular surroundings and respect and protect the environment for future generations.
September 22, 2008 -- IHG (InterContinental Hotels Group), (LSE:IHG) (NYSE:IHG)(ADRs) the world's largest hotel group by number of rooms, today announced the introduction of the first Hotel Indigo property in Central America. The property is expected to open in the first quarter of 2009 in the metropolitan city of San Jose, the capital and largest city of Costa Rica.
Originally announced in February 2007 as the Holiday Inn Express San Jose Forum, the project was modified to become a Hotel Indigo, following the success of the brand in North America including Canada and Mexico.
Boutique hotels, known for their intimate, luxurious environments in addition to personalized accommodations and services, have gained increasing popularity. As the industry's first branded boutique hotel, Hotel Indigo artfully combines the conveniences and consistencies of a brand hotel with the design cache and service personality of a boutique at an attractive price.
Hotel Indigo San Jose Forum Costa Rica will be located in Santa Ana, one of Costa Rica's fastest developing areas, next to a major thoroughfare that connects to Escazu, the prominent residential and business district of the city. Surrounded by a major commercial complex that features two shopping centers with retail stores, boutiques and restaurants, the Hotel Indigo will be ideally situated only 15 minutes away from the Juan Santamaria Airport and within walking distance to Forum Business Park I and II, the city's latest and most upscale office tower complexes.
September 22, 2008 -- American Airlines will soon introduce to its top customers PriorityAAccess(SM) privileges, which are an array of enhancements designed to make the airport process and overall travel experience more convenient.
American's AAdvantage elite status members, First and Business Class travelers, AAirpass customers, and passengers traveling on full-fare Economy Class tickets will receive more control and be offered an easier journey when they travel with dedicated PriorityAAccess check-in, security screening lanes (where available), and exclusive boarding lanes at the gate.
"American Airlines greatly appreciates the loyalty of our customers, and we have been working hard to deliver the product features and recognition we know they value and deserve," said Mark Mitchell, American's Managing Director - Customer Experience. "PriorityAAccess benefits provide a differentiated experience for our top customers at the ticket counter, at security checkpoints, and at the gate." American will introduce PriorityAAccess privileges on Sept. 30 and expects to complete the rollout by the end of October.
Market Wrap for September 22, 2008 The Dow closed nearly 370 points higher Friday, marking the end of a volatile week. The Dow registered triple-digit swings during each of the week's trading sessions.
The weeklong ride took participants both high and low. Despite closing the week's final session with a 3.4% gain, the Dow still ended the week 0.3% lower.
Still, the outlook among participants has improved substantially.
Following the collapse of Lehman Brothers and the government's intervention into the AIG (AIG 3.85, +1.16) debacle earlier in the week, federal agencies stepped up to restore investor confidence.
Just one day ago central banks injected liquidity into global financial markets to help restore their functionality. Now, the Fed is looking to create an entity that will help financial firms shed their illiquid and distressed assets, many of remain linked to risky subprime mortgages.
The Fed will also begin purchasing short-term debt issued by Fannie Mae (FNM 0.69, +0.20) and Freddie Mac (FRE 0.55, +0.22), which extends existing plans to buy mortgage-backed securities from the two.
To further enhance confidence among investors, the Fed is planning to sell insurance that covers money market mutual funds.
Some investors were encouraged by a ruling from the Securities Exchange Commission that put a temporary ban on short-selling certain financial stocks. Though the plan aims to protect certain securities and restore confidence, the plan has come under sharp criticism from market makers. Late in the session the SEC staff announced it wants to implement certain exemptions to the rule.
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