BPD Bank filed a foreclosure lawsuit Sept. 16 against Ocean Drive Investment, Cavalier Hotel and managing member Ralph Abravaya, according to Miami-Dade County Circuit Court records. It concerns a mortgage issued for $4.2 million in 2005 and increased to $6.5 million in 2007. The loan matured June 1.
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Tuesday, September 21, 2010
Hilton Worldwide Bolsters Europe and Africa Development Team
Having opened 16 hotels already this year across Europe and Africa, and with approximately 80 additional hotels in the region's pipeline, Hilton Worldwide has announced four new senior appointments to its regional development team.
The new team members include Derrek Anderson as vice president, development, Sub-Saharan Africa; Graham Dodd as development director, UK & Ireland; Wolfgang Gallas as development director, Germany, Switzerland & Austria; and Marybelle Arnett as vice president, development, Europe & Africa, Hampton by Hilton.
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The new team members include Derrek Anderson as vice president, development, Sub-Saharan Africa; Graham Dodd as development director, UK & Ireland; Wolfgang Gallas as development director, Germany, Switzerland & Austria; and Marybelle Arnett as vice president, development, Europe & Africa, Hampton by Hilton.
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Workers call for boycott of Vancouver Hyatt
Frustrated hotel workers will try to turn guests away from the Hyatt Regency Vancouver on Tuesday.
Hyatt workers plan to gather in front of the hotel at 655 Burrard Street at noon, calling for a boycott to pressure management over an ongoing contract dispute.
According to boycott organizers, the labour action at the Hyatt in Vancouver will join 14 other active boycotts of Hyatt properties in North America.
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Hyatt workers plan to gather in front of the hotel at 655 Burrard Street at noon, calling for a boycott to pressure management over an ongoing contract dispute.
According to boycott organizers, the labour action at the Hyatt in Vancouver will join 14 other active boycotts of Hyatt properties in North America.
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German restaurant in hot water over giant schnitzels
Gerhard Kaltscheuer said his giant schnitzels are popular in the town of Hammerbruecke and he sells about 70 dishes per day. He said tax officials told him they believe he sells 200 portions daily based on the amount of raw material he purchases.
"If I served the customers smaller portions at the normal price like that, I wouldn't have any customers because that wouldn't fill them up," Kaltscheuer told Reuters. He said he makes his portions large because his customers are laborers.
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"If I served the customers smaller portions at the normal price like that, I wouldn't have any customers because that wouldn't fill them up," Kaltscheuer told Reuters. He said he makes his portions large because his customers are laborers.
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Darden Restaurants Reports 19% Increase in First Quarter Diluted Net Earnings Per Share
ORLANDO, Fla., Sept 21, 2010 /PRNewswire via COMTEX/ -- Darden Restaurants, Inc. /quotes/comstock/13*!dri/quotes/nls/dri (DRI 43.20, -0.82, -1.86%) today reported sales and diluted net earnings per share for the fiscal first quarter ended August 29, 2010. In the first quarter, diluted net earnings per share from continuing operations increased 19% to 80 cents, versus 67 cents in the prior year.
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International company to open shuttered Nevada Ritz-Carlton
An international hotel operator will manage and rebrand the shuttered Ritz-Carlton at Lake Las Vegas that closed in May.
Dolce Hotels and Resorts was selected by Village Hospitality to take over the 349-room property, which sits on 15 acres of Lake Las Vegas. Dolce, which has 27 properties in North America and Europe, plans to reopen the hotel in the first quarter of 2011.
Dolce is majority-owned by Broadreach Capital Partners, has corporate headquarters in Montvale, N.J. and Paris, and employs approximately 4,000 worldwide.
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Dolce Hotels and Resorts was selected by Village Hospitality to take over the 349-room property, which sits on 15 acres of Lake Las Vegas. Dolce, which has 27 properties in North America and Europe, plans to reopen the hotel in the first quarter of 2011.
Dolce is majority-owned by Broadreach Capital Partners, has corporate headquarters in Montvale, N.J. and Paris, and employs approximately 4,000 worldwide.
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Wyndham reaches licensing deal with Planet Hollywood
Wyndham Hotel Group, the world’s largest hotel company with nearly 7,200 properties, reached an agreement yesterday to franchise the Planet Hollywood Hotels brand and provide management services.
Founded in 1989 by Robert Earl, Planet Hollywood International will continue to own its trademarks and intellectual property. Developers will be able to create hotels that include Planet Hollywood memorabilia, which includes props from blockbuster movies and classic television shows.
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Founded in 1989 by Robert Earl, Planet Hollywood International will continue to own its trademarks and intellectual property. Developers will be able to create hotels that include Planet Hollywood memorabilia, which includes props from blockbuster movies and classic television shows.
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New York man sentenced in $18 million hotel fraud case
MANHATTAN, NEW YORK (BNO NEWS) – A New York man on Monday was sentenced to 2 years and eight months to 8 years in state prison for his theft of over $18 million as part of a fraud scheme, U.S. District Attorney Cyrus Vance announced.
Adam C. Hochfelder, 39, pleaded guilty to six counts of grand larceny in the first degree, six counts of grand larceny in the second degree, three counts of grand larceny in the third degree, and three counts of Scheme to defraud in the first degree on May 21.
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Adam C. Hochfelder, 39, pleaded guilty to six counts of grand larceny in the first degree, six counts of grand larceny in the second degree, three counts of grand larceny in the third degree, and three counts of Scheme to defraud in the first degree on May 21.
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