UPS Store and FedEx Office race to open hotel locations

Need to make copies, ship documents or use a computer at your hotel?

Earlier this month, we talked about how travelers are starting to find more FedEx Office locations inside hotels as FedEx tries to grow and hotels try to lure business travelers with better services. Well, FedEx isn't alone.

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Contractor files claim against Pittsburgh Hilton owner

P.J. Dick Inc. has filed a claim against the owner of the Pittsburgh Hilton, saying that the contractor is owed $1 million in unpaid work on the hotel addition project.

Filed in Allegheny County, the mechanics' lien asserts that P.J. Dick contracted with Shubh Hotels LLC in December 2007 to provide demolition, excavation, concrete and structural steel work at the hotel site.

Then, the companies entered into an additional contract in February.

According to the filing, P.J. Dick's last day on the site was Sept. 19. The company claims that Shubh owes $1,026,000 in unpaid bills.

Wyndham O'Hare hotel to close

Crain’s) – The 467-room Wyndham O’Hare is shutting down, the latest sign of trouble in a brutal Rosemont hotel market that has been squeezed by a surge in supply and a dramatic drop in demand.

The hotel at 6810 N. Mannheim Road will close on or about Jan. 1, says Jack vanHartesvelt, executive vice-president and principal at Kennedy Associates Real Estate Counsel L.P., a Seattle-based pension fund adviser that owns the hotel through an investment fund.

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Granite City Food & Brewery Ltd. Announces Renegotiation of Terms of Bridge Debt

MINNEAPOLIS--(BUSINESS WIRE)--Granite City Food & Brewery Ltd. (NASDAQ: GCFB - News). By agreement dated effective December 16, 2009, Granite City Food & Brewery Ltd. and Harmony Equity Income Fund, L.L.C. and Harmony Equity Income Fund II, L.L.C. amended the March 30, 2009 Bridge Loan Agreement between the parties. The original Agreement provided for the issuance of $1.0 million of partially convertible bridge notes and warrants which matured in April 2010 and then payable in 6 equal monthly installments. The maturity date of the current principal balance has been extended to January 1, 2011, at which time the principal amount outstanding will be payable in 12 equal monthly installments, with the final installment due on December 1, 2011. Further, the total amount of the commitment will be reduced to $800,000 from the initial $1.0 million commitment. Adjustments were also made to the provisions for payment of deferred and accrued interest.

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You're No Warren Buffett, Steak n Shake

Remember when Octomom tried to look like Angelina Jolie? Steak n Shake (NYSE: SNS) is trying to do something similar, with its recent channeling of Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B). But instead of lip-puffing Botox and a new layered 'do, Steak n Shake is going for a reverse split and an insurance-company acquisition.

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Ruth's Hospitality Group, Inc. Announces Proposed Transactions Intended to Strengthen the Company's Financial Position and Improve its Flexibility

HEATHROW, Fla.--(BUSINESS WIRE)--Ruth’s Hospitality Group, Inc. (NASDAQ: RUTH - News) today announced that it has entered into agreements with a new investor and with the current lenders under its existing credit facility that are intended to strengthen the Company’s balance sheet and improve its operating and financial flexibility.

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