Tivus Installing HD IPTV System at Host Hotels & Resorts Property
March 10 2011 - 9:12AM
Marketwired
Tivus, Inc. (PINKSHEETS: TIVU), a provider of turnkey
high-definition Internet-protocol television (HD IPTV) in-room
hotel entertainment, today announced it has commenced a
Philadelphia, Pennsylvania, installation of its HD IPTV in a 1406
room downtown hotel property owned by Host Hotels & Resorts.
"I am pleased to announce installation of our unique
ad-insertion HD IPTV and content-on-demand (COD) system is now
underway in a Host-owned property," commented Shiva Prakash, Tivus'
president and chief executive officer.
Last week, the Company announced it had entered into a
memorandum of understanding (MOU) to deploy its new IP based,
in-room content-on-demand systems in certain Host Hotels &
Resorts properties.
"For the first time in the industry, hotels can enjoy a broad
range of new revenue producing entertainment options through a true
end-to-end IPTV solution. I expect to soon provide further updates
on current as well as new hotel projects," Prakash concluded.
About Host Hotels & Resorts, Inc. Host
Hotels & Resorts, Inc. is an S&P 500 and Fortune 500
company and is the largest lodging real estate investment trust and
one of the largest owners of luxury and upscale hotels. The Company
currently owns 104 properties in the United States and 9
international properties, totaling approximately 62,000 rooms. The
Company also holds a non-controlling interest in a joint venture
that owns 11 hotels in Europe with approximately 3,500 rooms and a
second joint venture in Asia that is developing seven properties in
India with approximately 1,750 rooms. Guided by a disciplined
approach to capital allocation and aggressive asset management, the
Company partners with premium brands such as Marriott®,
Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, The Luxury
Collection®, Hyatt®, Fairmont®, Four Seasons®, Hilton®, Accor®,
Swissotel®and Le Meridien®* in the operation of properties in over
50 major markets worldwide. For additional information, please
visit the Company's website at http://www.hosthotels.com/.
About Tivus, Inc. Tivus, Inc. is a
technology entertainment services company providing internet-based
TV and Cable programming, interactive game content, and goods &
services to the hotel/hospitality industry. Tivus' unique HD IPTV
system is a complete hotel entertainment platform that, for the
first time in the industry, generates previously untapped income
for the hotel through ad revenue-sharing. For more information,
please visit www.tivus.com and www.tivusconnect.com.
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Media Relations: Steven Haag (832) 413-6206
stevehaag@tivus.com