A look at the last 500 visitors

Europe’s top five are all German

Being the least worst is never a high accolade, but in the face of a very tough market the performance of Germany's main cities is commendable. The May 2009 edition of the European Hotel Review, published by STR Global, the leading provider of market information to the world's hotel industry, shows German cities taking the top five positions for annual change in revenue per available room (RevPAR) for the year-to-May 2009

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http://ehotelier.com/hospitality-news/item.php?id=P16631

Administrators seeking £50m for two Park Inn hotels

Administrators are selling two Park Inn hotels owned by property investment group WG Mitchell for a combined total of £50m.
The two properties, operated by Rezidor, are located in London's Russell Square and St Helen's in Cheshire and are now on the market following the appointment of Ernst & Young as administrators to 28 of WG Mitchell's 75 subsidiary companies in April.

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http://www.caterersearch.com/Articles/2009/07/10/328611/administrators-seeking-50m-for-two-park-inn-hotels.html

California Pizza Boosts Guidance

On Wednesday, July 8, California Pizza Kitchen raised its second-quarter earnings guidance, helped by cost-control initiatives that offset declining revenue. Shares of the company climbed 4.49% and closed at $13.73 after the announcement.
California Pizza Kitchen now expects second-quarter earnings in the range of $0.24 to $0.25 per share, up from its previous forecast of $0.18 to $0.20 per share. The company’s strong average weekly sales across newly opened restaurants prompted management to boost its earnings forecast. The company’s Thank You Card Program was also successful in driving sales.

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http://finance.yahoo.com/news/California-Pizza-Boosts-zacks-3053789811.html?x=0&.v=1

Four Seasons San Francisco in default

Millennium Partners is in default on its two-year $90 million loan for the 277-room Four Seasons Hotel San Francisco, according to the developer.
The luxury condo and hotel developer and operator has purposefully stopped making debt payments as a strategy to jump start renegotiating the debt with the special server, LNR Property Corp. The Four Seasons is the second luxury hotel to default on its debt payments in recent weeks. The owners of the 393-room Renaissance Stanford Court Hotel in Nob Hill, funds controlled by JER Partners, defaulted on a $89 million loan, according to lender Barclays Capital.

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http://www.bizjournals.com/sanfrancisco/stories/2009/07/06/daily68.html?

Ten Coffee Republic branches close their doors

The outlets which have ceased trading are; York House, Manchester, Richmond, Staines, 33 Northgate Street, Chester, Canterbury, The Mall, Ealing, Canary Wharf, George Street, London, Rathbone Place, London and Great Marlborough Street, London. The Gloucester Road, London branch closed shortly before the appointment of administrators.

Read more:
http://www.costsectorcatering.co.uk/online_article/ten-coffee-republic-branches-close-their-doors/7957