BNET Industries
Last Fiscal Year Sales:$383.6M
- Private
- US
Dow Jones Description
Hotels & Suites Owner & Manager
Executive Vice President, Operations
John Claude MathotPeer Companies
NAICS Code Full-Service Restaurants: 722110
News & Analysis
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prime hospitality corp. - All News and Analysis
Stockholders of Prime Hospitality Corp. voted to adopt the agreement and plan of merger between Prime and affiliates of The Blackstone Group
- 2004-10-18
Stockholders of Prime Hospitality Corp. voted to adopt the agreement and plan of merger between Prime and affiliates of The Blackstone Group. The proposed merger was announced in August and is expected to close this month. Under the terms of the agreement, Prime's stockholders will receive $12.25 per share, without...
Blackstone Group grabs up Prime Hospitality.(North America)(Brief Article)
- 2004-10-01
Blackstone Group, New York, aims to be the leader in North America's burgeoning extended-stay segment by bulking up its portfolio with the US$790 million acquisition of Prime Hospitality Corp., which owns Wellesley Inns & Suites, AmeriSuites, and Prime Hotels and Resorts brands. Blackstone intends to keep...
Blackstone aims to acquire Prime's assets
- 2004-09-20
NEW YORK AND FAIRFIELD, N.J. -- The Blackstone Group will grow its extended-stay division with the proposed acquisition of Prime Hospitality Corp.'s portfolio. Prime's board of directors approved the merger with Blackstone Real Estate Partners IV LP, an affiliate of The Blackstone Group, Aug. 18. The transaction is...
Prime Hospitality
- 2004-09-20
Bryan K. Hayes was promoted to senior v.p. of operations-east division for Prime Hospitality. Compiled by Heather Gunter, hgunter@advanstar.com
Enjoy Your Stay
- 2004-08-23
It's Monopoly gone mad, with The Blackstone Group buying more than 250 hotels. The New York City investment firm will pay $12.25 per share to acquire Fairfield-based Prime Hospitality for more than $790 million in cash and the assumption of debt. Prime controls Amerisuites, Prime hotels and Resorts and Wellesley...
Prime Hospitality Corporation: expanding horizons
- 2004-08-01
Prime Hospitality Corp-oration has undertaken a bold new direction with the introduction of its first full-service, upscale brand: Prime Hotels & Resorts. These hotels introduce an enhanced level of quality, convenience and exceptional service for business and leisure travelers alike. Currently, there are 15 properties with a total of 2,916...
Prime Hospitality Corp. converted the Radisson Hotel & Suites in Fairfield, N.J., and the Radisson Suites in Secaucus, N.J., to the Prime Hotels and Resorts brand
- 2004-04-05
* Prime Hospitality Corp. converted the Radisson Hotel & Suites in Fairfield, N.J., and the Radisson Suites in Secaucus, N.J., to the Prime Hotels and Resorts brand. The hotels are the second and third for the relatively new brand. Prime will continue to own and manage the hotels.
Fairfield, N.J., Hotelier Reports 6 Percent Drop in Second Quarter Earnings.
- 2003-08-01
By Kevin G. DeMarrais, The Record, Hackensack, N.J. Knight Ridder/Tribune Business News Aug. 1--Prime Hospitality Corp. continues to struggle. The Fairfield-based hotel operator and franchiser, which defaulted on a $2 million lease, lost its chief financial officer, and was put on...
Prime Hospitality Corp. has unveiled its new hotel brand, Prime Hotels & Resorts. (At A Glance).(Brief Article)
- 2003-04-01
Prime Hospitality Corp. has unveiled its new hotel brand, Prime Hotels & Resorts, with the launch of the Sheraton Hotel Saratoga Springs as the Prime Hotel and Conference Center ...
Prime Hospitality Corp.(PDQ) - Quantitative Valuation Report.
- 2003-03-09
M2 PRESSWIRE-9 March 2003-Research and Markets: Prime Hospitality Corp.PDQ - Quantitative Valuation ReportC1994-2003 M2 COMMUNICATIONS LTD RDATE:03082003 Company Name - Prime Hospitality Corp. Now you, as an individual investor or investment professional, can have access to the same...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| John Claude Mathot | Executive Vice President, Operations |
| Peter Marino | Vice President |
| Dennis Pendergast |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Howard M. Lorber | Chairman of the Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Prime Hospitality Corp. | Executive Vice President, Operations | Current |
As Vice-President - Business Development and earlier as Vice-President - Operations for Prime Hospitality Corp, Mr. Marino increased gross and net operating profits of all full and limited service service hotels under his management. Hotel brands include Marriott, Hilton, Sheraton, Radisson, Holiday Inn, Ramada Inn, Wellesley Inn, Howard Johnson and Days Inn. In his 30 years of hotel management experience, Mr. Marino has consistently improved service and productivity standards, successfully repositioned hotels and secured management contracts throughout the U.S. As Paramount's Senior Vice President - Operations, Peter Marino directs the operations of all managed properties ensuring standards of excellence in guest satisfaction and hotel profitability. Within the space of less than two years, Mr. Marino has successfully repositioned the operations of a 25-hotel portfolio.
| Organization | Position | Status |
|---|---|---|
| Paramount Hotel Group, LLC | Senior Vice President | Current |
| Prime Hospitality Corp. | Vice President | Current |
| Paramount Hotel Group, LLC | President, Operations | Former |
Dennis has more than 25 years experience in the Hospitality field with such companies as Marriott Hotels and Resorts, Red Lion Hotels and Resorts, Doubletree Hotels, Wyndham Hotels and Resorts and Prime Hospitality. He is responsible for overseeing day-to-day team operations in addition to providing clients with sales and management consulting services. Dennis has a proven track record in property-level sales and operations, and has held positions such as Director of National Sales, Regional Vice President of Sales, Regional Vice President of Operations, and Vice President of Franchise Operations and Support. During his time in the hospitality industry, Dennis has been involved in the opening and repositioning of branded and non-branded hotels and resorts. With sales, marketing and operations experience in the Caribbean, Canada and the United States, Dennis brings a unique perspective to the delivery of revenue to our clients. He has championed the use of revenue management to improve performance and the overall asset value at individual properties, regional configurations as well as the corporate level.
| Organization | Position | Status |
|---|---|---|
| Elise Group Inc | Managing Director | Current |
| Prime Hospitality Corp. | Current | |
| Marriott Hotels & Resorts | Current | |
| Doubletree Hotels | Current |
Array
| Organization | Position | Status |
|---|---|---|
| Vector Group Ltd. | Chief Executive Officer | Current |
| New Valley Corporation | President & COO | Current |
| United Capital Corp. | Consultant | Current |
| Ladenburg Thalmann Financial Services Inc. | Consultant | Current |
| Aegis Capital Corporation, LLC | Consultant | Current |
| Nathan's Famous Inc. | Chairman of the Board of Directors | Current |
| Prime Hospitality Corp. | Chairman of the Board of Directors | Current |
| United Capital Corp. | Chairman of the Board of Directors | Current |
| Ladenburg Thalmann Financial Services Inc. | Chairman of the Board of Directors | Current |
| Pzk | Vice Chairman | Current |
| Sp Acquisition Holdings, Inc. | Director | Current |
| Long Island University | Board of Directors | Current |
| New Valley Corporation | Board of Directors | Current |
| Vector Group Ltd. | Board of Directors | Current |
| Native Tongue - Urban Marketing Solutions | Director | Current |
| Long Island University | Trustee | Current |
| Vector Group Ltd. | President | Former |
| Vector Group Ltd. | Consultant | Former |
| FINRA | member firm | Former |
| Ladenburg Thalmann Financial Services Inc. | Vice Chairman of the Board | Former |
| Prime Hospitality Corp. | Director | Former |
| United Capital Corp. | Director | Current |
| Long Island University | Master of Science Degree In Taxation | Former |
| Long Island University | Bachelor of Arts Degree | Former |
Executive News
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Vector Group Ltd. Completes Exchange of Senior Convertible Notes
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Vector Group Ltd. Completes Exchange of Senior Convertible Notes
Industry Transcripts by Seeking Alpha
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The J.M. Smucker Company F2Q10 (Qtr End 10/31/09) Earnings Call Transcript
on Nov 20, 2009about SJM
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on Nov 12, 2009about JMBA
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Green Plains Renewable Energy, Inc. Q3 2009 Earnings Call Transcript
on Nov 10, 2009about GPRE
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Hansen Natural Corporation Q3 2009 Earnings Call Transcript
on Nov 06, 2009about HANS
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Central European Distribution Corp. Q3 2009 Earnings Call Transcript
on Nov 06, 2009about CEDC
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