Michael R. Shumsky, recently appointed CEO of CiCi's Pizza, announced in a statement a restructuring plan to better position the company for growth and success in 2010 and beyond. The restructuring has resulted in new organizational realignments to better support CiCi's franchisees, provide an industry leading experience for its guests and own the value position in the pizza segment.
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Friday, January 8, 2010
Marriott: 4Q better than expected in North America
BETHESDA, Md. Marriott International Inc. said Thursday it expects its fourth-quarter revenue per available room in North America to be slightly better than it forecast.
Marriott said the figure, a key measure of a hotelier's fiscal health, fell 13 percent to 14 percent, while the company said in early December that it would fall 13 percent to 16 percent decline.
Marriott said the decline in other regions would be in line with its earlier estimate of 14 percent to 16 percent on a constant dollar basis.
Marriott is scheduled to report its fourth-quarter results on Feb. 11. The hotel company is based in Bethesda, Md.
Its shares fell 11 cents to $27.87 in after-hours trading Thursday after closing up 11 cents at $27.98 during regular trading.
Marriott said the figure, a key measure of a hotelier's fiscal health, fell 13 percent to 14 percent, while the company said in early December that it would fall 13 percent to 16 percent decline.
Marriott said the decline in other regions would be in line with its earlier estimate of 14 percent to 16 percent on a constant dollar basis.
Marriott is scheduled to report its fourth-quarter results on Feb. 11. The hotel company is based in Bethesda, Md.
Its shares fell 11 cents to $27.87 in after-hours trading Thursday after closing up 11 cents at $27.98 during regular trading.
Haiti experiences a hotel boom
A decade after Haiti's only U.S. hotel franchise removed its marquee from a downtown Port-au-Prince building, the Caribbean nation is preparing to welcome its first international hotel brand.
Choice Hotels International, owners of Comfort Inn, is franchising its brand to two hotels in touristy Jacmel, a quaint seaside town in southeast Haiti known for its spell-binding carnival and viewed as Haiti's arts capital.
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Choice Hotels International, owners of Comfort Inn, is franchising its brand to two hotels in touristy Jacmel, a quaint seaside town in southeast Haiti known for its spell-binding carnival and viewed as Haiti's arts capital.
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