Lovers of France's two great symbols of cultural exception – its haute cuisine and fine art – are aghast at plans to open a McDonald's restaurant and McCafé in the Louvre museum next month.
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Tuesday, October 6, 2009
Famous Dave's Raises New-Opening Expectations
PRESS RELEASE: MINNEAPOLIS--(BUSINESS WIRE)--Famous Dave's of America, Inc. (NASDAQ: DAVE) today announced that it is updating its guidance on franchise restaurant openings in fiscal 2009 to 13 from its most recent range of 9 to 11. The company has opened 10 restaurants through the end of the third quarter.
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MGM Mirage climbs following condo unit discount
NEW YORK - MGM Mirage shares surged Tuesday after the casino operator said it would cut prices by 30 percent on some condos when already lined up buyers close on deals at its $8.5 billion CityCenter development in Las Vegas.
MGM Mirage said Monday that CityCenter will start closing on the nearly 2,400 units at the lowered prices in January. More than half of the units are under contract.
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MGM Mirage said Monday that CityCenter will start closing on the nearly 2,400 units at the lowered prices in January. More than half of the units are under contract.
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.Concord Hospitality forming $300 million fund to buy distressed hotels
Raleigh-based Concord Hospitality Enterprises, a developer and operator of hotels, is forming a $300 million private equity fund to buy distressed hotels and debt.
The company said in a release today that it expects the fund to close within the next 90 days.
Concord has distinguished itself during the downturn by continuing to move forward on a handful of projects despite a credit crunch and a slowdown in travel.
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The company said in a release today that it expects the fund to close within the next 90 days.
Concord has distinguished itself during the downturn by continuing to move forward on a handful of projects despite a credit crunch and a slowdown in travel.
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Little Rooms, Big Profits
Sam Chang, the hotel king of New York, surveyed a portion of his domain from West 39th Street, a gritty block south of the Port Authority, from where he can see not one, not two, but a half-dozen of his hotel sites on a single block. “They ought to name this block for me,” he said.
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Casino firm could buy bankrupt Fontainebleau Las Vegas
Pennsylvania casino company would bid less than $300 million for the bankrupt Fontainebleau Las Vegas, which has spent about $2 billion in development funds. Penn Gaming's deal should be official next week.
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