McDonald’s Corp. said comparable- store sales climbed 7 percent last month from a year earlier, the biggest monthly gain since January 2009, fueled by U.S. and Asian sales at the world’s largest restaurant chain.
Analysts projected global sales would advance 5.1 percent, the median of three estimates compiled by Bloomberg. Sales at restaurants open at least 13 months rose in all regions, with a 5.7 percent increase in the U.S. and a 10 percent gain in Asia, Africa and the Middle East.
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Monday, August 9, 2010
A,B, & C grades start to hit New York Restaurants
Since July 27, when the city's health department began issuing letter grades evaluating restaurants' cleanliness, 443 eateries have been visited by an inspector and just 16% of them received an A, the highest mark.
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Asian tycoon wants to sell the London Waldorf
One of Britain's wealthiest Asian entrepreneurs is preparing to check out of an historic London hotel for up to £250 million.
Gulshan Bhatia bought the Hilton Waldorf from Royal Bank of Scotland for £180 million in 2007. The five-star, 299-room hotel in the Aldwych, near Covent Garden, central London, was built in 1908.
One source close to the situation said: 'Mrs Bhatia is looking to increase her presence in London by using the money raised to snap up smaller hotels.'
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Gulshan Bhatia bought the Hilton Waldorf from Royal Bank of Scotland for £180 million in 2007. The five-star, 299-room hotel in the Aldwych, near Covent Garden, central London, was built in 1908.
One source close to the situation said: 'Mrs Bhatia is looking to increase her presence in London by using the money raised to snap up smaller hotels.'
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Portfolio Hotels & Resorts will manage the Hilton Greenville
ROSEMONT, Ill.--(BUSINESS WIRE)--Chicago-based Portfolio Hotels & Resorts has announced the addition of the Hilton Greenville in Greenville, SC to its management portfolio, bringing the company’s total to 4365 managed rooms across six states. The 256 room full service hotel is located on I-385 North, in Greenville’s premier business, shopping, dining and entertainment district and just three minutes from downtown.
“We’re excited about welcoming this highly regarded Hilton hotel into the Portfolio family,” stated Graham Hershman, COO of Portfolio Hotels & Resorts. “We look forward to bringing our extensive experience in full service hotel management to the operation of this well-situated property.”
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“We’re excited about welcoming this highly regarded Hilton hotel into the Portfolio family,” stated Graham Hershman, COO of Portfolio Hotels & Resorts. “We look forward to bringing our extensive experience in full service hotel management to the operation of this well-situated property.”
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$57-a-night hotel opens in London this month, but towels are extra
A Malaysian hotel chain is hoping it can do for the hotel business what Ryanair did for air travel in England.
Tune Hotels is opening a hotel with 75 rooms in London on Westminster Bridge Road, close to many of London’s many attractions from Big Ben, to the Houses of Parliament and the London Eye.
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Tune Hotels is opening a hotel with 75 rooms in London on Westminster Bridge Road, close to many of London’s many attractions from Big Ben, to the Houses of Parliament and the London Eye.
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Travelodge rules out sale to Whitbread
Budget hotel group Travelodge is not up for sale and its debt-laden owner Dubai International Capital (DIC) has had no approach from Whitbread (WTB.L), CEO Guy Parsons told Reuters, scotching media speculation.
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