Premier Inn has now opened its third site within the Gulf region at Premier Inn Dubai International Airport.
This development follows two openings in Dubai over the last 18 months, and also the first Premier Inn site in Bangalore, India which opened towards the end of 2009.
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Tuesday, January 19, 2010
Sbarro already a hit in Japan
Sbarro, the world's leading quick-service Italian restaurant concept, announced in a statement its aggressive expansion into the Japanese market, which will include the opening of 1,250 units.
Sbarro has partnered with JCI Inc. in a joint venture/franchise agreement that will see the expansion plan executed over a 20-year period. As part of the agreement, Sbarro and JCI Inc. announced the opening of the first restaurant at the AEON Mall in Hinode-Machi, Tokyo. The AEON Mall location, which opened on Dec. 29, is the first of three Sbarro restaurant openings planned for Tokyo, with two units slated to launch during the first quarter of 2010.
"In Tokyo, we've seen an immediate and powerful response from consumers who have already very warmly embraced the Sbarro brand," said Peter Beaudrault, president and CEO of Sbarro. "Working in tandem with the great team at JCI Inc., we are poised to aggressively expand the Sbarro footprint throughout all of Japan."
Sbarro has partnered with JCI Inc. in a joint venture/franchise agreement that will see the expansion plan executed over a 20-year period. As part of the agreement, Sbarro and JCI Inc. announced the opening of the first restaurant at the AEON Mall in Hinode-Machi, Tokyo. The AEON Mall location, which opened on Dec. 29, is the first of three Sbarro restaurant openings planned for Tokyo, with two units slated to launch during the first quarter of 2010.
"In Tokyo, we've seen an immediate and powerful response from consumers who have already very warmly embraced the Sbarro brand," said Peter Beaudrault, president and CEO of Sbarro. "Working in tandem with the great team at JCI Inc., we are poised to aggressively expand the Sbarro footprint throughout all of Japan."
Viceroy Hotel Group Selected as Operator of “L’Ermitage Beverly Hills” Hotel
Viceroy Hotel Group announced today that it has been selected as operator of the renowned Los Angeles luxury hotel, L’Ermitage Beverly Hills. The announcement was made by Viceroy Hotel Group (VHG) Founder & CEO, Brad Korzen.
The 119-room luxury property, managed by Raffles Hotels & Resorts since 2000 as Raffles L'Ermitage, was recently acquired by a private investor for an undisclosed sum from Fairmont Raffles Hotels International. VHG will assume management of the property today, operating it for the interim as L’Ermitage Beverly Hills, as part of the company’s luxury Viceroy Hotel Group hotel and resort portfolio
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The 119-room luxury property, managed by Raffles Hotels & Resorts since 2000 as Raffles L'Ermitage, was recently acquired by a private investor for an undisclosed sum from Fairmont Raffles Hotels International. VHG will assume management of the property today, operating it for the interim as L’Ermitage Beverly Hills, as part of the company’s luxury Viceroy Hotel Group hotel and resort portfolio
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McDonald's Up; Burger King Down
McDonald's was lifted to outperform from neutral by Credit Suisse analyst Keith Siegner, citing potential earnings drivers like its international business.
"We do not believe estimates or valuation fairly reflect McDonald's ability to build upon already substantial 2008 and 2009 share gains through a several-year recovery period," he wrote in a note. "McDonald's will benefit from its unique ability to simultaneously appeal to both 'depressed' and 'recovering' consumers."
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"We do not believe estimates or valuation fairly reflect McDonald's ability to build upon already substantial 2008 and 2009 share gains through a several-year recovery period," he wrote in a note. "McDonald's will benefit from its unique ability to simultaneously appeal to both 'depressed' and 'recovering' consumers."
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Orient-Express Hotels raises $138 million in gross proceeds from offering of 12 million shares
NEW YORK (AP) — Orient-Express Hotels Ltd. said Tuesday that it raised gross proceeds of $138 million from a public offering of 12 million shares of its Class A stock.
Net proceeds total about $131 million after underwriting discounts and estimated offering expenses, the Bermuda-based hotel owner and manager said.
The underwriters fully exercised their overallotment option, buying an additional 1.8 million shares. In total, 13.8 million shares were sold at $10 a piece
Net proceeds total about $131 million after underwriting discounts and estimated offering expenses, the Bermuda-based hotel owner and manager said.
The underwriters fully exercised their overallotment option, buying an additional 1.8 million shares. In total, 13.8 million shares were sold at $10 a piece
London Japanese-Style Capsule Pod Hotel Wins Go-Ahead
A Japanese-style 'pod' hotel to be built in London has won the go-ahead from the local council.
Planning permission has been secured from Westminster City Council for the scheme, which is inspired by capsule hotels in Japan.
The hotel will occupy the second to seventh floors in the grade II-listed Troacadero building as part of a larger 53,495m² mixed-use leisure and retail scheme.
The hotel features 495 en-suite bedrooms measuring just 12m² to 17m².
The upper floors of the building previously housed the UK's biggest indoor theme park, Segaworld.
Planning permission has been secured from Westminster City Council for the scheme, which is inspired by capsule hotels in Japan.
The hotel will occupy the second to seventh floors in the grade II-listed Troacadero building as part of a larger 53,495m² mixed-use leisure and retail scheme.
The hotel features 495 en-suite bedrooms measuring just 12m² to 17m².
The upper floors of the building previously housed the UK's biggest indoor theme park, Segaworld.
Many fed-up time share owners are stuck trying to sell
For Stacey Udell, a Craigslist ad enticing her to own a piece of property in the Bahamas for $3,000 was too good to pass up.
The accountant from Cherry Hill, N.J., jumped on it, and became one of 6 million Americans who own a time share, shared vacation property that owners get to stay in for a week or so each year for life.
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The accountant from Cherry Hill, N.J., jumped on it, and became one of 6 million Americans who own a time share, shared vacation property that owners get to stay in for a week or so each year for life.
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