DUBAI—Nearly all 10 planned hotel properties on Dubai’s Palm Jumeirah archipelago have seen setbacks.
The US$12-billion artificial island is a flagship project constructed by United Arab Emirates-based developer Nakheel, a subsidiary of the Dubai government that sent shockwaves throughout the region after defaulting on US$26 billion dollars of debt last November.
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Wednesday, August 4, 2010
Shooting at Baltimore Hilton
BALTIMORE - Baltimore City Police are investigating a shooting inside a room at the Pratt Street Hilton.
A police spokesperson says that an unidentified woman believed to be in her mid-20's shot her boyfriend in the stomach following a dispute at the hotel at around 7pm on Tuesday.
The man, in his mid-30's, was taken to Shock Trauma with non-life-threatening injuries.
Police Commissioner Fred Bealefeld says hotel security was alerted to the shooting inside a fourth-floor room and called for police and medics.
"Officers responded to the fourth floor in the area of the room and were able to convince both the victim and the suspect to exit the room and throw the weapon out."
The woman, who had lacerations to her back, was also taken to a hospital. Police say she was the registered owner of the gun.Both she and the man are believed to be from the Baltimore area.
A police spokesperson says that an unidentified woman believed to be in her mid-20's shot her boyfriend in the stomach following a dispute at the hotel at around 7pm on Tuesday.
The man, in his mid-30's, was taken to Shock Trauma with non-life-threatening injuries.
Police Commissioner Fred Bealefeld says hotel security was alerted to the shooting inside a fourth-floor room and called for police and medics.
"Officers responded to the fourth floor in the area of the room and were able to convince both the victim and the suspect to exit the room and throw the weapon out."
The woman, who had lacerations to her back, was also taken to a hospital. Police say she was the registered owner of the gun.Both she and the man are believed to be from the Baltimore area.
Three metro Atlanta hotels to close, change course
The Wyndham Garden Hotel and Baymont Inn and Suites on Piedmont Avenue are expected to close sometime during the middle of August while Marriott's Renaissance Hotel on West Peachtree Street has announced it is laying off 142 employees in anticipation of closing later this year.
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Smartphones pose a threat to debit and credit cards in the US
The British bank has reportedly teamed up with AT&T, Verizon and TMobile to test out technology that would allow US consumers to buy products and services simply by waving their phone at a reader.
The trials – involving smartphones such as Blackberries and iPhones – involve embedding a radio frequency identification (RFID) tag inside a phone to allow it to be linked to a customer's bank account.
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The trials – involving smartphones such as Blackberries and iPhones – involve embedding a radio frequency identification (RFID) tag inside a phone to allow it to be linked to a customer's bank account.
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Chesapeake Lodging Trust Reports Second Quarter Results
For the second quarter 2010, the Company reported total revenue of $11.8 million and net income of $1.4 million, or $.15 per diluted share. Funds from operations (FFO) were $2.1 million, or $.23 per diluted share, and Adjusted FFO was $2.7 million, or $.30 per diluted share. Net income before interest, income taxes, and depreciation and amortization (Corporate EBITDA) was $2.1 million, or $.23 per diluted share, and Adjusted Corporate EBITDA was $2.7 million, or $.29 per diluted share.
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