This study ranks the top 100 global franchise companies from the many thousands of franchises around the world. The ranking is based on objective and measurable criteria including system size based on numbers of units, sales revenue for the system, stability and growth of the system, number of years in operation and market expansion. The ranking is also based on the implementation of best practice in the areas of franchisee support and training, environmental policy and social responsibility. Consideration was given as well to the availability of financing to franchisees, and whether it was direct financing, SBA approved or third party financing. The information was gathered from Franchise Disclosure Documents (FDDs), email surveys, telephone interviews and published industry sources.
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Tuesday, September 8, 2009
The Siegel Group Acquires Distressed St. Tropez Hotel in Las Vegas, Nevada
LAS VEGAS--(BUSINESS WIRE)--The Siegel Group Nevada, Inc., a Commercial Real Estate & Business Development Company, today announced that it had completed its acquisition of the St. Tropez, a 150 room all-suite hotel situated on approximately 4.09 acres of land in Las Vegas, Nevada. The purchase price was $10.5 million with financing provided by the seller which just weeks earlier foreclosed on the property.
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China firm to invest $99m in Baha Mar (Bahamas)
China State Construction Engineering Corporation has committed to investing $99 million in the Baha Mar Resort, The Nassau Guardian has confirmed.
The firm is also finalizing details with Baha Mar officials related to a $1.92 billion construction contract for the planned redevelopment of the Cable Beach strip.
Baha Mar officials, who remain locked in a legal dispute with Harrah's Entertainment, have not yet made any announcement on the specific investment to be made by the Chinese corporation.
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The firm is also finalizing details with Baha Mar officials related to a $1.92 billion construction contract for the planned redevelopment of the Cable Beach strip.
Baha Mar officials, who remain locked in a legal dispute with Harrah's Entertainment, have not yet made any announcement on the specific investment to be made by the Chinese corporation.
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Fraud alleged in Rabuffo development in North Carolina
CASHIERS, N.C. — Banks are foreclosing on lot after lot. A federal magistrate suggests mortgage fraud has been committed. And some of those who bought lots in a controversial western North Carolina subdivision have been accused of fraud.
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Whitbread reins in expenses and cuts costs to ride out storm’s worst
The chief executive of Whitbread, the Premier Inn and Costa coffee shop operator, damped down talk of economic recovery yesterday, insisting he had yet to see any “substantive signs of improvement”.
Alan Parker, who took the helm five years ago, said that it was the “worst recession ever in my experience”, adding: “I’d say we’re bumping along the bottom. There’s good news and bad news but overall we’re not seeing any green shoots. Hopefully we’ll see some improvement in the new year.”
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Alan Parker, who took the helm five years ago, said that it was the “worst recession ever in my experience”, adding: “I’d say we’re bumping along the bottom. There’s good news and bad news but overall we’re not seeing any green shoots. Hopefully we’ll see some improvement in the new year.”
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Starwood looking to sell Societe Du Louvre Hotels piece by piece
The New York Post had a story providing some light into Starwood Capital’s sale of the Crillon hotel in France. Apparently Starwood Capital was in negotiations with JJW Hotels & Resorts – a high end hotel company based in the Middle East to sell the Crillon and nine other hotels from the Societe Du Louvre portfolio. Recently Starwood had instructed their property brokers to look for other sellers as JJW did not pay the entire $214 million deposit. Starwood had doubts that JJW would be able to get the financing to complete the sale of the portfolio as expected.
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Copenhagen: One in three hotels on brink of bankruptcy
Experts predict that hotels, hit hard by the recession, will suffer longer than other industries
A double whammy of recession and excess capacity has up to a third of the city’s hotels in danger of going under in the coming years, reports Berlingske Tidende newspaper.
In addition, half of the 422 hotels reviewed by credit analysis firm Soliditet for the newspaper posted a loss in their last fiscal year.
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A double whammy of recession and excess capacity has up to a third of the city’s hotels in danger of going under in the coming years, reports Berlingske Tidende newspaper.
In addition, half of the 422 hotels reviewed by credit analysis firm Soliditet for the newspaper posted a loss in their last fiscal year.
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Greene King reports strong managed pubs growth
Greene King has reported that its managed division is enjoying like-for-like sales growth of 4.6%, with food like-for-likes up 8.1% in the 17 weeks to 30 August.
Both its managed divisions, Destination and Local Pubs are in healthy growth, with food-led pubs performing best. Like-for-likes in its Belhaven managed division are up by +10.9%.
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Both its managed divisions, Destination and Local Pubs are in healthy growth, with food-led pubs performing best. Like-for-likes in its Belhaven managed division are up by +10.9%.
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McDonald's Loses Legal Battle With Malaysia's McCurry
American fast food giant McDonald's Corp. on Tuesday lost an eight-year battle to prevent a family-run Kuala Lumpur restaurant from calling itself "McCurry" after Malaysia's top court said the Indian-food joint could use the prefix "Mc" in its name.
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