As far as hotel crime goes, this one's clearly a shocker...Police continue investigating the Oct. 7 triple homicide at a Days Inn hotel in Tulsa, Okla., after releasing a person of interest, the Tulsa World reports.
The grizzly murder resulted in the shooting deaths of Joey Mike, 23, Jermiko Thomas, 19, and Toni Ruff, 20, who each were shot in the head in an execution style manner, the story says. One of the victims may have been connected to a drug dealer. The story says:
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Wednesday, October 27, 2010
Triple homicide at Days Inn hotel still not solvedActress Carey Mulligan on Best Western: 'Best sweet potato fries' ever Buzz Up!More
Marriott was fined about $24,000 by a court in England after a 50-year-old woman fell through a Marriott hotel ceiling and fractured her spine, Bristol's Evening Post reports.
The woman, Margaret Davis, was not a guest. She was a worker who was there to inspect its machinery room to provide an estimate on insulation, the Evening Post says. Marriott pleaded guilty at Bristol Magistrates Court earlier this week to neglecting their general duty to a visiting contractor at the Bristol Marriott, according to the article.
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The woman, Margaret Davis, was not a guest. She was a worker who was there to inspect its machinery room to provide an estimate on insulation, the Evening Post says. Marriott pleaded guilty at Bristol Magistrates Court earlier this week to neglecting their general duty to a visiting contractor at the Bristol Marriott, according to the article.
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McDonald's executives cash in on soaring stock
Crain's) — McDonald’s Corp.’s CEO and other top executives netted nearly $26 million in stock option profits last week when they sold shares following the company’s strong third-quarter earnings report.
James Skinner, CEO of the Oak Brook-based fast-food chain, sold 235,000 shares at an average price of $78.43 for a profit of nearly $11.7 million. The sales were part of a “routine exercise of a group of stock options,” a McDonald’s spokeswoman said.
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James Skinner, CEO of the Oak Brook-based fast-food chain, sold 235,000 shares at an average price of $78.43 for a profit of nearly $11.7 million. The sales were part of a “routine exercise of a group of stock options,” a McDonald’s spokeswoman said.
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McDonald's Obesity Case Can't Proceed as Group Suit
McDonald’s Corp., the world’s largest restaurant chain, convinced a U.S. judge that consumers’ claims that its food contributed to childhood obesity were too distinct to be gathered in a single group lawsuit.
“Plaintiffs’ claims will necessitate extensive individualized inquiries,” Judge Donald Pogue in Manhattan said today in a 43-page decision in a lawsuit filed in 2002 by teenagers Ashley Pelman and Jazlen Bradley.
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“Plaintiffs’ claims will necessitate extensive individualized inquiries,” Judge Donald Pogue in Manhattan said today in a 43-page decision in a lawsuit filed in 2002 by teenagers Ashley Pelman and Jazlen Bradley.
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Wells Fargo denies wrongdoing in foreclosing on land in Las Vegas slated for Hotel Casino
Wells Fargo Bank officials have denied they wrongfully foreclosed on Las Vegas land planned for a massive hotel-casino and condominium project, saying the charges are "complete and utter fabrications."
In a May 11 lawsuit filed in Clark County District Court, Miami-based Alkimya Investment LLC and Alkimya Addition LLC charged that Wells Fargo and BankAtlantic deceived Alkimya into thinking they wouldn't foreclose on land at about 300 E. Tropicana Avenue at Deckow Lane, across the street from McCarran International Airport, and then went ahead with the foreclosure anyway.
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In a May 11 lawsuit filed in Clark County District Court, Miami-based Alkimya Investment LLC and Alkimya Addition LLC charged that Wells Fargo and BankAtlantic deceived Alkimya into thinking they wouldn't foreclose on land at about 300 E. Tropicana Avenue at Deckow Lane, across the street from McCarran International Airport, and then went ahead with the foreclosure anyway.
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P.F. Chang’s Reports Third Quarter 2010 Results
Highlights for the third quarter of 2010 compared to the prior year quarter include:
- Consolidated revenues increased 6.2% to $308.4 million.
- Comparable store sales increased 2.3% at the Bistro and 0.8% at Pei Wei.
- Income from continuing operations increased 68.1% to $10.5 million.
- Net income increased 68.6% to $10.5 million.
- Income from continuing operations and net income per diluted share increased 66.7% to $0.45.
Jones Lang LaSalle 3Q Profit Up 88% On Higher Revenue
Jones Lang LaSalle Inc.'s (JLL) third-quarter profit soared 88% on revenue and margin growth as well as lower one-time items than a year earlier.
The commercial-real-estate services company's revenue exceeded Wall Street's expectations but earnings were below analysts' estimate.
"We posted solid results in the third quarter, as the broad market recovery continued," said Chief Executive Colin Dyer.
Commercial real estate has suffered from rising vacancies and declining rents and property values, but Jones Lang in July said leasing and capital markets business improved. The company, which provides help with sales, leasing and management of commercial properties worldwide, has swung to the black in recent quarters on strong revenue growth.
Earlier Tuesday, rival CB Richard Ellis Group Inc. (CBG) said its third-quarter profit more than quadrupled on the strongest quarterly year-over-year revenue growth since the end of 2007.
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The commercial-real-estate services company's revenue exceeded Wall Street's expectations but earnings were below analysts' estimate.
"We posted solid results in the third quarter, as the broad market recovery continued," said Chief Executive Colin Dyer.
Commercial real estate has suffered from rising vacancies and declining rents and property values, but Jones Lang in July said leasing and capital markets business improved. The company, which provides help with sales, leasing and management of commercial properties worldwide, has swung to the black in recent quarters on strong revenue growth.
Earlier Tuesday, rival CB Richard Ellis Group Inc. (CBG) said its third-quarter profit more than quadrupled on the strongest quarterly year-over-year revenue growth since the end of 2007.
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NYC Hospitality Coalition formed
A group of high-profile restaurant and nightclub operators are launching a new trade association and lobbying group, arguing that doing business in the city has become increasingly cumbersome and costly.
Called the NYC Hospitality Coalition, the group has the support of some of the city's most well-known restaurateurs, such as Stephen Hanson, Keith McNally, and Ken Friedman.
"The hospitality industry in New York is one of the biggest employers in the city and we've been treated like an ATM machine," said Mr. Friedman, whose restaurants include the popular Breslin and Spotted Pig. "We need to get some people fired, or elected. We just need to have a little bite along with the bark of the existing restaurant association."
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Called the NYC Hospitality Coalition, the group has the support of some of the city's most well-known restaurateurs, such as Stephen Hanson, Keith McNally, and Ken Friedman.
"The hospitality industry in New York is one of the biggest employers in the city and we've been treated like an ATM machine," said Mr. Friedman, whose restaurants include the popular Breslin and Spotted Pig. "We need to get some people fired, or elected. We just need to have a little bite along with the bark of the existing restaurant association."
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New Chicago Marriott
On Nov. 11, Veterans Day, a $400 million act of faith opens in downtown Chicago. It's a new JW Marriott hotel at 208 S. La Salle, situated in a landmark Daniel Burnham building, and it promises to bring North Michigan Avenue panache to the work-aday canyons of the Loop.
Hotel markets are notoriously cyclical, and this business will open as demand for lodging is improving, but not too rapidly. At 610 rooms, the JW Marriott will be Chicago's largest new hotel since the Hyatt at McCormick Place opened in 1998, so it will pose a challenge to the marketplace. If the economy bogs down again in 2011, such a large new player will force other hotels to trim their rates.
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Hotel markets are notoriously cyclical, and this business will open as demand for lodging is improving, but not too rapidly. At 610 rooms, the JW Marriott will be Chicago's largest new hotel since the Hyatt at McCormick Place opened in 1998, so it will pose a challenge to the marketplace. If the economy bogs down again in 2011, such a large new player will force other hotels to trim their rates.
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Marriott to open 13 hotels in NYC
Over the next three years, Marriott International plans to open 13 budget hotels in Manhattan, representing 2,900 rooms or nearly double the number of properties it currently operates in the city, a company official said on Wednesday at a security analyst meeting held at the Marriott Marquis property in Times Square.
The planned projects are in various stages of development, but the first of them, the SoHo Courtyard, is opening in a new building Nov. 16 on Varick Street.
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The planned projects are in various stages of development, but the first of them, the SoHo Courtyard, is opening in a new building Nov. 16 on Varick Street.
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Choice Hotels Reports Third Quarter 2010 Diluted EPS of $0.68, Domestic RevPAR Growth of 7.4%
SILVER SPRING, Md., Oct 27, 2010 /PRNewswire via COMTEX/ -- Choice Hotels International, Inc., /quotes/comstock/13*!chh/quotes/nls/chh (CHH 34.00, -2.31, -6.36%) today reported the following highlights for third quarter 2010:
Adjusted diluted earnings per share ("EPS") for third quarter 2010 were $0.68 compared to $0.56 for the same period of the prior year. Diluted EPS were $0.68 for third quarter 2010 compared to $0.55 for third quarter 2009. Adjusted diluted EPS for third quarter 2009 exclude certain special items, as described below, totaling $0.01. Read More:
