US Trustee Seeks Extended Stay Probe

The U.S. government's bankruptcy monitor is expected to ask a court Tuesday to authorize an investigation into the bankruptcy of hotel operator Extended Stay Inc.
The official, U.S. Trustee Diana Adams, filed a motion in July asking the court to appoint an examiner to investigate pre-bankruptcy deals between the company, its chief executive and senior lenders. Adams said "serious" fraud allegations involving the company's top management prompted the request.
The government is raising questions about a proposed restructuring plan that provides "critical protections and inducements" to Chief Executive David Lichtenstein, whose Lightstone Group bought the 680-hotel chain in 2007 for $8 billion

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Lender takes Fairmont Orchid

A lender quietly acquired The Fairmont Orchid Hawaii in lieu of foreclosure earlier this year, giving the luxury hotel at Mauna Lani Resort on the Big Island its fourth different owner in seven years.
An affiliate of New York-based lender Barclays Capital in June repossessed the 540-room hotel from Westbrook Partners LLC, a Boston-based real estate investment firm that bought the 32-acre oceanfront property for $250 million in 2005, property records show.

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Hundreds attend rally for fired Hyatt housekeepers

Several hundred hotel workers and their supporters turned out yesterday for a raucous rally in front of the Hyatt Regency Boston for the 100 housekeepers who were fired by the hotel chain. Politicians called for businesses to boycott the Hyatt, and workers banged on drums, rattled detergent bottles filled with rocks, and chanted “Hyatt, shame on you’’ as they marched in front of the hotel with picket signs.

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Ireland - 900 jobs under threat after court ruling

ALMOST 900 jobs were under threat in Dublin last night after the High Court appointed a provisional liquidator and interim examiner to a leading hotel and bar group and also appointed an examiner to a laundry company.

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Bob Evans Farms Announces Organizational Changes

Chief Financial Officer, Treasurer and Assistant Secretary Don Radkoski has decided to retire after nearly 30 years with the organization. Radkoski has served as chief financial officer since 1993 and has also held the positions of restaurant accounting supervisor, general accounting supervisor and vice president of finance, among others, since joining Bob Evans in February 1980. Radkoski plans to stay with the Company through the end of the current fiscal year to ensure an orderly transition of responsibilities.

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$65,000 Suite Touts 007 Security

GENEVA (TheStreet) -- Your average world-class hotel suite might be adorned in mother-of-pearl, accented by a grand piano and punctuated with a complete library.
But can it take a bullet for you?

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Penn National in Fontainebleau Vegas talks--source

NEW YORK, Sept 18 (Reuters) - Penn National Gaming Inc ( PENN - news - people ) is one of at least two companies in talks to buy the bankrupt, unfinished Fontainebleau Las Vegas casino and resort, a source familiar with the matter said on Friday. The negotiations, like any bankruptcy sale, are complicated by the large number of constituencies with a stake in the process and by the fact the resort's retail mall component is not part of the bankruptcy filing, said the source, who was not authorized to speak on the record. Penn spokesman Joe Jaffoni said the company does not comment on rumors or speculation.

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