(Crain’s) — A Maryland hotel firm is buying $69 million in debt on the landmark Allerton Hotel as part of a plan to take control of the struggling Michigan Avenue property.
DiamondRock Hospitality Co. said Thursday that it has agreed to acquire the senior mortgage loan on the 443-room hotel, which was hit with a foreclosure suit earlier this month.
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Sunday, May 23, 2010
Burger King wins a round in Value Meal Battle with Franchisees
A Miami federal court judge ruled that Burger King has the right to dictate value menu pricing to its franchisees.
The ruling issued late Thursday marked a partial victory for the Miami fast-food chain in its battle with the National Franchisee Association over the $1 double cheeseburger.
Yet the court also still left the door open for franchisees
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The ruling issued late Thursday marked a partial victory for the Miami fast-food chain in its battle with the National Franchisee Association over the $1 double cheeseburger.
Yet the court also still left the door open for franchisees
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Tavern On The Green Without An Operator
NEW YORK (May 21, 2010) Restaurateur Dean Poll has stepped aside as Tavern on the Green's new operator following months of failed negotiations with the union that represents the restaurant's 400 workers, a spokesman for the operator said.
The fine-dining restaurant, located on the west side of Central Park, is a New York City landmark and, before it closed last December, was for years one of the most successful restaurants and catering establishments in the United States. The restaurant is owned by the city, which contracts out the licensing agreement to operate the facility.
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The fine-dining restaurant, located on the west side of Central Park, is a New York City landmark and, before it closed last December, was for years one of the most successful restaurants and catering establishments in the United States. The restaurant is owned by the city, which contracts out the licensing agreement to operate the facility.
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Everett bikini barista pleads guilty
EVERETT, Wash. —
A Bikini barista who had faced a prostitution charge pleaded guilty Monday in Everett Municipal Court to working without an adult entertainment license and was sentenced to 20 days in jail.
The Daily Herald reports she is allowed to serve her time under home electronic monitoring. Judge Timothy O'Dell also ordered the woman to be fully clothed - no bikini or lingerie - when she works at an espresso stand.
The 21-year-old had been charged with prostitution after detectives photographed her licking whipped cream off another barista.
Four other baristas charged after a lewd behavior investigation last year at the Grab-n-Go Espresso stand will have charges dropped if they stay out of trouble for two years.
A Bikini barista who had faced a prostitution charge pleaded guilty Monday in Everett Municipal Court to working without an adult entertainment license and was sentenced to 20 days in jail.
The Daily Herald reports she is allowed to serve her time under home electronic monitoring. Judge Timothy O'Dell also ordered the woman to be fully clothed - no bikini or lingerie - when she works at an espresso stand.
The 21-year-old had been charged with prostitution after detectives photographed her licking whipped cream off another barista.
Four other baristas charged after a lewd behavior investigation last year at the Grab-n-Go Espresso stand will have charges dropped if they stay out of trouble for two years.
Brothers' bikini-clad barista business dream became legal nightmare
Adam Marshall and Steven Rotan figured they had struck marketing gold: espresso stands staffed by bikini-clad baristas.
The Salem duo created a stir in 2007 when women at their Mission Street SE coffee drive-through started wearing bikini tops. The business, once called Coffee Nation, morphed into the Bikini Coffee Co.
It wasn't long before its three outlets — two drive-throughs in Salem and one walkup store in the Portland area — were touted as a Hooters-like phenomenon. Marshall and Rotan boasted of plans for a nationwide franchise and even an international expansion.
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The Salem duo created a stir in 2007 when women at their Mission Street SE coffee drive-through started wearing bikini tops. The business, once called Coffee Nation, morphed into the Bikini Coffee Co.
It wasn't long before its three outlets — two drive-throughs in Salem and one walkup store in the Portland area — were touted as a Hooters-like phenomenon. Marshall and Rotan boasted of plans for a nationwide franchise and even an international expansion.
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Investors battle lender on stalled Chicago hotel
(Crain’s) — Chicago developer Duke Miglin and an Irish group he recruited to invest in his stalled River North hotel project are striking back at the lender trying to foreclose on the property, now just a 16-story concrete shell draped in canvas.
Mr. Miglin and his prospective partner allege that the lender, CapitalSource Finance LLC, reneged on an agreement to recapitalize and restart the planned Staybridge Suites hotel at 127 W. Huron St., which has been idle for nearly two years.
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Mr. Miglin and his prospective partner allege that the lender, CapitalSource Finance LLC, reneged on an agreement to recapitalize and restart the planned Staybridge Suites hotel at 127 W. Huron St., which has been idle for nearly two years.
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Group hopes to raise hotel tax
SAN FRANCISCO — A bid has been launched to temporarily increase the tax on San Francisco hotel rooms by 2 percent, and to garner more tax dollars from online hotel booking companies, to aid the deficit-ridden city.
A coalition of community groups that rely on tax revenue to provide services such as education and public health in San Francisco is aiming to place a measure on the November ballot to garner more dollars from hotels and various websites that offer room bookings for visitors
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A coalition of community groups that rely on tax revenue to provide services such as education and public health in San Francisco is aiming to place a measure on the November ballot to garner more dollars from hotels and various websites that offer room bookings for visitors
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