Hospitality Financial Consulting Group releases their report on Flow-Through Analysis

This link will take you to an article I wrote dealing with Flow-Through analysis. This is the first article in a series dealing with Hospitality Operations Finance.

http://www.hfcgllc.com/uploads/Flow-Through_-_Eric_Hertha.pdf

Queen honours ‘Foxy’

Last week, the Queen presented Jost Van Dyke businessman and preservationist Philicianno “Foxy” Callwood with a medal honouring him as a Member of the Order of the British Empire. Mr. Callwood, the proprietor of Foxy’s Bar and Restaurant, was listed on the Queen’s New Year’s Honours list for his contributions to tourism and his work in preserving Virgin Islands culture.

Foxy's is the best bar in the British Virgin Islands

Read more:
http://bvibeacon.com/main/index.php?option=com_content&task=view&id=2104&Itemid=26

Greene King positive despite 15% profit fall

Greene King, the acquisitive brewer and pubs company, today posted a 15 per cent fall in annual pre-tax profits to £118.5 million but said that sales in recent weeks were encouraging.
Rooney Anand, the chief executive, told reporters on a conference call that the recent warm weather and a renewed confidence among drinkers and diners had boosted sales.

Read more:
http://business.timesonline.co.uk/tol/business/industry_sectors/leisure/article6624201.ece

Duke and Duchess of Northumberland seek CEO to run Alnwick Castle

In a development that Karl Marx might have regarded as the final triumph of capitalism over feudalism, the running of some of England’s finest castles is passing from the aristocracy to another class of titled individuals — chief executives.
The latest delegation of ancient inherited powers is taking place at Alnwick, seat of the Duke of Northumberland, power base of the Percy family for 700 years and famous as the setting for the Harry Potter films.

Read More:
http://business.timesonline.co.uk/tol/business/article6632245.ece

STARWOOD CAPITAL ENTERS EXCLUSIVITY TO ACQUIRE GOLDEN TULIP HOSPITALITY

London, Paris, Lausanne, June 12, 2009 - Golden Tulip Hospitality BV, in consultation with the Trustees, and an affiliate of Starwood Capital Group Global (which itself controls, through an affiliate, Louvre Hotels SAS) have agreed terms for an affiliate to acquire the Company’s Franchise business, its Development & Representation businesses, Joint Venture interests, and the brands, trademarks and intellectual property of Golden Tulip, Tulip Inn and its related brands.Subject to confirmatory due diligence the transaction is expected to complete by June 26th 2009.It is the intention of Starwood Capital Group to grow the Golden Tulip brands in existing and emerging markets, leveraging off the Louvre Hotels distribution platform through a strategic alliance between Louvre Hotels and the Golden Tulip businesses.

Read more:
http://corporate.goldentulip.com/pressroom/news.aspx?id=276&NewsLanguage=EN&year=&pageAt=1

Love hotel business zooms despite downturn

TOKYO, Japan (CNN) -- Even in the midst of Japan's deepest economic recession since World War II, the country's love hotel industry is thriving.

"I'd hate to use the term "recession-proof," but it's certainly proven very resilient over the last six to nine months," said Steve Mansfield, CEO of New Perspectives, which operates six love, or "leisure," hotels in Japan.
One of them, the Bonita Hotel in Isawa, boasts a 257 percent occupancy rate. Rooms can be rented for three to 24 hours.

Here is a link to a previous article that we ran
http://www.hospitalitybusinessnews.com/2009/05/dicaprio-statue-30-rooms-boost-japans_21.html

Read more:
http://edition.cnn.com/2009/WORLD/asiapcf/07/02/japan.love.hotels/index.html?iref=newssearch