Friday, June 19, 2009

Jack in the Box Inc. Announces Agreement to Sell 55 Quick Stuff® Locations

New TARP regulations highlight need for polices, controls, reporting

Here is an update

Sunstone Hotel Investors Announces the Sale of the Marriott Riverside, California for Gross Proceeds of $19.3 Million

So the CEO states

Art Buser, President and Chief Executive Officer, stated, "The sale of the Marriott Riverside demonstrates our ability to monetize non-core assets at an attractive valuation in a very challenging transaction environment.

So the hotel was sold at 10.1 times 2009 EBITDA. Yes its a good multiple, but in a DOWN year. The hotel sold for $66K per room?

Check out the web site http://www.marriott.com/hotels/travel/ralmc-riverside-marriott/
It says "newly renovated rooms"

Wyndham Worldwide CFO Wilson departing

KFC grilled chicken coupon holders file lawsuit, allege 'bait and switch'

This is good

Wyndham Worldwide Reiterates Second Quarter and Full Year Guidance

Hotels increasingly charge extra fees

 Developer sues Marriott over $90M in overruns on San Antonio resort