The chairman and CEO of Landry's Restaurants (LNY) is making another attempt at taking the company private. Honestly, I say let him take the shares off your hands. If he liked the stock in the mid-teens last summer I'm sure he still likes it at ten
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Thursday, September 10, 2009
N.Y. hotelier prepares to sell Raleigh (South Beach)
Andre Balazs expects to sell his Raleigh Hotel soon, parting with one of the most high-profile boutique properties in South Beach.
The New York hotelier behind The Standard hotel chain said he has a buyer for the 104-room Raleigh and that both sides are all but agreed to a price. He expects the deal to become official within four weeks.
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The New York hotelier behind The Standard hotel chain said he has a buyer for the 104-room Raleigh and that both sides are all but agreed to a price. He expects the deal to become official within four weeks.
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Travern on the Green Goes Bust!
Now that the city has picked a different operator to run Tavern on the Green once the lease runs out this December, current operator Jennifer Oz LeRoy has decided to file for bankruptcy. She sites the city's decision and the bad economy, but let's not forget all those vendor lawsuits and that $2.2 million discrimination settlement. The filing listed over 20 creditors, including the New York Hotel Trades Council ($1,778,764), the New York Tent Company ($104,156), and American Express ($79,096).
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IHG Merges its Latin American, Caribbean Region Under One Leadership Team
MIAMI - IHG (InterContinental Hotels Group) [LON: IHG, NYSE:IHG (ADRs)], the world's largest hotel company by number of rooms, has combined its Latin America and Caribbean regions under the leadership of Alvaro Diago, now Chief Operating Officer (COO), Latin America and Caribbean. Diago was most recently Area President for Latin America.
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