WASHINGTON (April 1, 2010) Albert Gonzalez, the mastermind of payment card data thefts from Boston Market and Dave & Buster’s and a participant in the hack of a credit transaction processor serving thousands of restaurants, has been sentenced to two 20-year prison terms, the U.S. Justice Department said.
In a separate development, the Federal Trade Commission said late last week that one of the companies targeted by Gonzalez’s ring -- Dallas-based Dave & Buster’s Inc. -- will be subject to closer scrutiny for 20 years. That is the length of time that conditions laid down by the federal agency must be met by Dave & Buster’s following its agreement to settle FTC charges that the casual-dining chain had “left consumers’ credit and debit card information vulnerable to hackers, resulting in several hundred thousand dollars in fraudulent charges.”
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Friday, April 2, 2010
Royal Palm loses $143M foreclosure
The Royal Palm Hotel in Miami Beach is set for public auction after its owner lost a $142.7 million foreclosure judgment.
Wachovia Bank, as the special servicer for a commercial mortgage-backed security fund issued by Credit Suisse First Boston, won the judgment against Royal Palm Hotel Property based on a $108.4 million mortgage, plus interest and fees. The hotel, at 1545 Collins Ave., is scheduled for auction on May 27 on Miami-Dade County’s Web site.
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Wachovia Bank, as the special servicer for a commercial mortgage-backed security fund issued by Credit Suisse First Boston, won the judgment against Royal Palm Hotel Property based on a $108.4 million mortgage, plus interest and fees. The hotel, at 1545 Collins Ave., is scheduled for auction on May 27 on Miami-Dade County’s Web site.
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Supertel Hospitality Reports 2009 Fourth Quarter, Full-Year Results
NORFOLK, NE -- (MARKET WIRE) -- 03/31/10 -- Supertel Hospitality, Inc. (NASDAQ: SPPR), a real estate investment trust (REIT) which owns 114 hotels in 23 states, today announced its results for the fourth quarter and year ended December 31, 2009.
Revenues from continuing operations for the 2009 fourth quarter decreased 10.5 percent to $19.6 million, compared to the year-ago period, and decreased 10.4 percent to $89.0 million for the full year. Net loss attributable to common shareholders was $(25.7) million, or $(1.17) per diluted share, for the 2009 fourth quarter, compared to net earnings available to common shareholders of $3.0 million, or $0.14 per diluted share, in the 2008 same quarter. For the full year 2009, net loss attributable to common shareholders was $(28.9) million, compared with net earnings available to common shareholders of $5.5 million in 2008.
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Revenues from continuing operations for the 2009 fourth quarter decreased 10.5 percent to $19.6 million, compared to the year-ago period, and decreased 10.4 percent to $89.0 million for the full year. Net loss attributable to common shareholders was $(25.7) million, or $(1.17) per diluted share, for the 2009 fourth quarter, compared to net earnings available to common shareholders of $3.0 million, or $0.14 per diluted share, in the 2008 same quarter. For the full year 2009, net loss attributable to common shareholders was $(28.9) million, compared with net earnings available to common shareholders of $5.5 million in 2008.
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Hampton Hotels Opens Three New Properties in the United Kingdom
Hampton Hotels, part of the Hilton Worldwide portfolio of brands, today announced the opening of three hotel properties in the United Kingdom, located in Birmingham, Braintree and Shrewsbury. The converted hotels are owned by Osborn Securities and managed by Hilton Worldwide. These hotels increase the UK Hampton by Hilton estate to five, creating more than 500 additional rooms.
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Denny's Takes Aim at Quick Service
2010-04-01] Denny's (NASDAQ: DENN) will redefine the concept of traditional value menus on April 3, with the nationwide introduction of its new $2 $4 $6 $8 Value Menu.
Denny's first-ever, all day, every day value menu will provide consumers a variety of meal choices at affordable prices, featuring traditional favorites as well as new a la carte menu items for breakfast, lunch, dinner, dessert, and late night.
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Denny's first-ever, all day, every day value menu will provide consumers a variety of meal choices at affordable prices, featuring traditional favorites as well as new a la carte menu items for breakfast, lunch, dinner, dessert, and late night.
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Hyatt Expands Presence in South Florida with Hyatt Miami at The Blue
CHICAGO--(BUSINESS WIRE)--Hyatt Hotels & Resorts announced today the opening of Hyatt Miami at The Blue. The 17-acre hotel property in Doral, Fla. is adjacent to some of the most famous golf courses in the world and just minutes from Miami International Airport.
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Wynn deal privacy sought
The Foxwoods Casino partners who are ceding control of the project to Wynn Resorts of Las Vegas do not want the finances and other conditions of the deal made public.
In a motion filed Thursday with the Pennsylvania Gaming Control Board, the original investor group - Philadelphia Entertainment and Development Partners (PEDP) - said it anticipated entering into a purchase agreement with Wynn/PEDP L.P., a newly formed affiliate of the Nevada gaming company run by Steve Wynn.
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In a motion filed Thursday with the Pennsylvania Gaming Control Board, the original investor group - Philadelphia Entertainment and Development Partners (PEDP) - said it anticipated entering into a purchase agreement with Wynn/PEDP L.P., a newly formed affiliate of the Nevada gaming company run by Steve Wynn.
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