More Than 25 Hotels Opt for Alternative Interactive TV System
More than 25 properties representing more than 5,000 hotel guest rooms have been contracted under LodgeNet Interactive Corporation's new Hotel Investment Model during the first five months of this year. Under this model, hoteliers purchase their LodgeNet interactive television system, pay the company an ongoing support fee and share a portion of guest entertainment revenues. LodgeNet expanded the scope of the Hotel Investment Model late last year in order to address the significant demand for its high-definition (HD) systems.
In return for purchasing the LodgeNet system, hoteliers are guaranteed an expedited installation of their system as well as receive greater control of programming content, pricing, and customization. Once installed, the hotel's LodgeNet system becomes a revenue producing asset, enhancing the overall value of the property. As a part of this expanded program, LodgeNet has also made arrangements with 3rd party financing sources to allow customers to finance their system purchase. LodgeNet offers the Hotel Investment Model for its full line of interactive TV platforms including HD Advanced (coaxial or IPTV), HD-Ready and VOD Basic.
Major properties contracted under the Hotel Investment Model this year include the Trump International Hotel (Hawaii), the Omni Shoreham Hotel (Washington, DC) and the Sheraton Fallsview Hotel (Niagara Falls). The company has previously installed its interactive television system under this innovative business model at the Venetian Hotel in Las Vegas and in Macao, China.
In return for purchasing the LodgeNet system, hoteliers are guaranteed an expedited installation of their system as well as receive greater control of programming content, pricing, and customization. Once installed, the hotel's LodgeNet system becomes a revenue producing asset, enhancing the overall value of the property. As a part of this expanded program, LodgeNet has also made arrangements with 3rd party financing sources to allow customers to finance their system purchase. LodgeNet offers the Hotel Investment Model for its full line of interactive TV platforms including HD Advanced (coaxial or IPTV), HD-Ready and VOD Basic.
Major properties contracted under the Hotel Investment Model this year include the Trump International Hotel (Hawaii), the Omni Shoreham Hotel (Washington, DC) and the Sheraton Fallsview Hotel (Niagara Falls). The company has previously installed its interactive television system under this innovative business model at the Venetian Hotel in Las Vegas and in Macao, China.