At Kentucky Fried Chicken, the name once said it all. But the world's most popular chicken chain is betting heavily that its grilled chicken -- which racked up nearly $1 billion in sales in its first year -- is the Next Big Thing. That has angered a coalition of franchise owners, who run most of the restaurants and believe the focus should remain fried.
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Sunday, January 10, 2010
Travelodge unveils plan for 26 new hotels
Travelodge, the budget hotel chain, pledged yesterday to create more than 500 jobs in Britain this year with the opening of 26 new hotels.
The group, owned by Dubai International Capital, said that the opening programme, to cost £115 million, would add more than 2,000 rooms to its estate.
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The group, owned by Dubai International Capital, said that the opening programme, to cost £115 million, would add more than 2,000 rooms to its estate.
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California Hotel Foreclosures Quadrupled in 2009 on Travel Drop
Jan. 7 (Bloomberg) -- Hotel foreclosures in California more than quadrupled last year as business travelers and vacationers cut spending and commercial real estate values plunged, forcing owners into default, according to a survey released today.
There were 62 foreclosures on hotels in the state last year, compared with 15 in 2008, Irvine, California-based Atlas Hospitality Group said in a statement. Properties in default jumped almost six-fold to 307, said Atlas, which specializes in selling hotels. The survey only covered California.
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There were 62 foreclosures on hotels in the state last year, compared with 15 in 2008, Irvine, California-based Atlas Hospitality Group said in a statement. Properties in default jumped almost six-fold to 307, said Atlas, which specializes in selling hotels. The survey only covered California.
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