According to a recent press release, the Interstate Hotels & Resorts (NYSE:IHR) reported a significant dropped on revenues for the second quarter of 2009.

The total revenue from the second quarter of 2008 was $40.5 million and the total revenue from the second quarter of 2009 was $34.0 million.

Mr. Thomas F. Hewitt, chairman and CEO commented:”I am very pleased with the significant progress we have made on our capital structure. We extended our senior credit facility to March 2012 well in advance of its original expiration date. This, along with our successful appeal of the NYSE’s ruling to suspend the trading of our stock, has provided stability to our capital structure in an extremely volatile market.”

During the second quarter the Interstate Hotels & Resort keeps focusing on top-line revenues and reducing costs wherever possible.

WinStar World Casino is the fifth largest casino in the world and it has announced the opening of its brand new 395-room WinStar World Casino Hotel. The hotel is currently welcoming guests.

The WinStar World Casino is located just an hour from Dallas/Ft. The hotel features the style of famous cities around the world and a gaming floor that’s half mile long. The WinStar World Casino offers first-class amenities such as:

-World-class resort pool featuring a custom-built waterfall grotto
-Spa Habitat, Dallas’ award-winning organic spa
-Concierge level and private VIP check-in
-Cloverleaf Boutique, Oklahoma’s world-famous gift shop

The Chief Marketing Officer of WinStar World Casino, Andrea Bahner, commented:”The opening of our magnificent new hotel completes our transformation into a true vacation destination. We are thrilled to be able to offer our guests this first-class resort hotel experience.”

The Hyatt Hotels Corp. owned by the Pritzker family wants to make a secon run as publicly traded firm.

The Pritzker family founded the Hyatt Hotel chain in 1957 and they own most of the rest of the business. The Hyatt earned $168 million in 2008 on sales of $3.8 billion.

“A stock offering would give the Pritzkers a load of capital to use to acquire choice properties as the recession forces industry consolidation.” Los Angeles Times reported.

The Hyatt Hotel Corp. used to be publicly traded firm, but the Pritzkers took it private in 1979. The family “hasn’t specify the number of shares it hoped to sell, or give an expected price range.” Los Angeles Times reported.