The world’s first 'zero star' hotel has been named as one of the top 100 hotels in Europe - despite guests having to put up with hot water bottles rather than central heating.
The Null Stern near Zurich, Switzerland, joined more illustrious establishments like London’s One Aldwych on the exclusive list released today by Geo Magazine.
But whereas the plush One Aldwych charges up to £250 a night, a room at the Swiss inn will set you back as little as £6.
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Thursday, February 4, 2010
Starwood Rises Most in Six Months on Profit, Outlook
Feb. 4 (Bloomberg) -- Starwood Hotels & Resorts Worldwide Inc., the owner of the St. Regis and W hotel brands, climbed the most in six months after reporting profit before one-time items that beat analyst estimates and raising its revenue forecast.
Starwood advanced 5.1 percent to $37.25 in New York Stock Exchange Composite trading as of 1:14 p.m. local time. It rose as much as 8.6 percent, the biggest intraday gain since Aug. 7.
Fourth-quarter profit before non-repeated losses was 51 cents a share, the White Plains, New York-based company said in a statement today. The average forecast of 13 analysts in a Bloomberg survey was for adjusted earnings of 23 cents a share.
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Starwood advanced 5.1 percent to $37.25 in New York Stock Exchange Composite trading as of 1:14 p.m. local time. It rose as much as 8.6 percent, the biggest intraday gain since Aug. 7.
Fourth-quarter profit before non-repeated losses was 51 cents a share, the White Plains, New York-based company said in a statement today. The average forecast of 13 analysts in a Bloomberg survey was for adjusted earnings of 23 cents a share.
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Diversified Restaurant Holdings Acquires Nine Buffalo Wild Wings Restaurants
Diversified Restaurant Holdings, Inc. (OTCBB: DFRH) (“DRH”), the owner/operator and soon to be franchisor of the unique, full service fast-casual restaurant and bar Bagger Dave’s Legendary Burgers & Fries® and a leading franchisee for Buffalo Wild Wings, Inc. (NASDAQ: BWLD), announced today that it has exercised its option to acquire nine Buffalo Wild Wings® Grill & Bar locations in Michigan and Florida for $3.1 million. Previously, DRH managed the acquired restaurants for its affiliates. The Company received the right to exercise the purchase option as part of its initial public offering in August 2008. The purchase is being financed through a six-year promissory note from the sellers.
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Nathan's Famous, Inc. Reports Third Quarter Results
WESTBURY, N.Y., Feb 04, 2010 (BUSINESS WIRE) -- Nathan's Famous, Inc. (NASDAQ:NATH) today reported results for the third quarter of its 2010 fiscal year that ended December 27, 2009.
For the quarter ended December 27, 2009, net income increased by 22.8% to $1,052,000 or $0.19 per diluted share, as compared to $857,000 or $0.14 per diluted share for the quarter ended December 28, 2008. Total revenue increased to $11,224,000, as compared to $10,620,000 during the quarter ended December 28, 2008.
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For the quarter ended December 27, 2009, net income increased by 22.8% to $1,052,000 or $0.19 per diluted share, as compared to $857,000 or $0.14 per diluted share for the quarter ended December 28, 2008. Total revenue increased to $11,224,000, as compared to $10,620,000 during the quarter ended December 28, 2008.
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Same-Store Sales Down at O'Charley's
For the fourth quarter of 2009, revenue decreased $14.0 million or 6.9 percent to $188.9 million, from $202.9 million in the fourth quarter of 2008. Same-store sales at O'Charley's company-operated restaurants declined by 7.3 percent in the quarter, as a 0.2 percent increase in guest count was offset by a 7.5 percent decline in average check to $12.23. Same-store sales at Ninety Nine Restaurants declined by 6.5 percent, on a 2.0 percent decrease in guest count and a 4.5 percent decline in average check to $14.52. Same-store sales at Stoney River Legendary Steaks declined by 10.3 percent, as a 9.6 percent increase in guest count was offset by an 18.2 percent decline in average check to $38.82.
For the 2009 fiscal year, revenue decreased $50.3 million or 5.4 percent to $880.8 million, from $931.2 million in the 2008 fiscal year. Same-store sales at O'Charley's company-operated restaurants declined by 5.8 percent for the year, on a 4.8 percent decrease in guest count and a 1.1 percent decline in average check. Same-store sales at Ninety Nine Restaurants declined by 6.8 percent, on a 4.7 percent decrease in guest count and a 2.2 percent decline in average check. Same-store sales at Stoney River Legendary Steaks declined by 16.4 percent, on a 4.7 percent decrease in guest count and a 12.3 percent decline in average check.
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For the 2009 fiscal year, revenue decreased $50.3 million or 5.4 percent to $880.8 million, from $931.2 million in the 2008 fiscal year. Same-store sales at O'Charley's company-operated restaurants declined by 5.8 percent for the year, on a 4.8 percent decrease in guest count and a 1.1 percent decline in average check. Same-store sales at Ninety Nine Restaurants declined by 6.8 percent, on a 4.7 percent decrease in guest count and a 2.2 percent decline in average check. Same-store sales at Stoney River Legendary Steaks declined by 16.4 percent, on a 4.7 percent decrease in guest count and a 12.3 percent decline in average check.
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Trader Vic's Debuts Island Bar & Grill Concept
Trader Vic's Restaurant Group is pleased to announce the opening of a new concept: Trader Vic's Island Bar & Grill. Other concepts include: Trader Vic's Restaurants, Mai Tai Lounge, and Senor Pico.
The first of its kind, Trader Vic's Island Bar & Grill opened Monday, January 18, 2010 in Sarasota, Florida. The grill concept is casual and relaxed, and intended to appeal to diners looking for value, fun and a lively atmosphere. The décor is a bright mix of island trinkets, beach treasures and tiki kitsch. Trader Vic's Island Bar & Grill has a full bar and offers the original Trader Vic's Mai Tai plus new fresh fruit infused cocktails. Each item on the extensive food menu is prepared fresh daily and with choices from sushi and seafood to burgers and tacos, every member of the family is sure to find a plate that pleases. It's fresh, it's fun, it's for everyone: Trader Vic's Island Bar & Grill.
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The first of its kind, Trader Vic's Island Bar & Grill opened Monday, January 18, 2010 in Sarasota, Florida. The grill concept is casual and relaxed, and intended to appeal to diners looking for value, fun and a lively atmosphere. The décor is a bright mix of island trinkets, beach treasures and tiki kitsch. Trader Vic's Island Bar & Grill has a full bar and offers the original Trader Vic's Mai Tai plus new fresh fruit infused cocktails. Each item on the extensive food menu is prepared fresh daily and with choices from sushi and seafood to burgers and tacos, every member of the family is sure to find a plate that pleases. It's fresh, it's fun, it's for everyone: Trader Vic's Island Bar & Grill.
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Will Hilton Pay a Price for Not Being Loyal?
Hilton may soon learn a hard lesson about loyalty, compliments of its rival InterContinental Hotels Group.
IHG is targeting Hilton loyalty program members who were upset by Hilton Worldwide's recent decision to raise the number of loyalty points required for a free hotel stay with a promotion IHG is calling the "Luckiest Loser."
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IHG is targeting Hilton loyalty program members who were upset by Hilton Worldwide's recent decision to raise the number of loyalty points required for a free hotel stay with a promotion IHG is calling the "Luckiest Loser."
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AMERISTAR REPORTS FOURTH QUARTER AND
Achieved Record Annual Adjusted EBITDA ($331.2 Million) and
Adjusted EBITDA Margin (27.2%)
Set Fourth Quarter Records for Adjusted EBITDA ($73.1 Million) and
Adjusted EBITDA Margin (25.1%)
Ameristar Black Hawk Doubled Net Revenues and Increased
Adjusted EBITDA by 152.1% Over Prior-Year Fourth Quarter
Following Regulatory Enhancements and Opening of Hotel
Bridge Closure Impacts Ameristar East Chicago’s Business Levels
and Results in Non-Cash Impairment Charge
Completed Final Phase of Debt Restructuring with Extension of $600
Million of Revolving Credit Facility Commitments in November 2009
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Adjusted EBITDA Margin (27.2%)
Set Fourth Quarter Records for Adjusted EBITDA ($73.1 Million) and
Adjusted EBITDA Margin (25.1%)
Ameristar Black Hawk Doubled Net Revenues and Increased
Adjusted EBITDA by 152.1% Over Prior-Year Fourth Quarter
Following Regulatory Enhancements and Opening of Hotel
Bridge Closure Impacts Ameristar East Chicago’s Business Levels
and Results in Non-Cash Impairment Charge
Completed Final Phase of Debt Restructuring with Extension of $600
Million of Revolving Credit Facility Commitments in November 2009
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Six Flags sues Days Inn Eureka
Six Flags in Eureka, Mo., said Thursday it sued Gateway Hotels Management Inc., doing business as Days Inn Eureka Six Flags, for alleged infringement of the Six Flags trademark.
The amusement park said the hotel, which was ranked last month as the second-dirtiest in the nation, uses deceptive advertising to promote itself as having an association with Six Flags. Six Flags is seeking both injunctive and monetary relief.
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The amusement park said the hotel, which was ranked last month as the second-dirtiest in the nation, uses deceptive advertising to promote itself as having an association with Six Flags. Six Flags is seeking both injunctive and monetary relief.
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Burger King Holdings Inc. Reports Second Quarter Fiscal 2010 Results
•Robust development growth across all business segments as net restaurant count increased by 95 restaurants. International segments accounted for over 90 percent of the net restaurant increase compared to the same quarter last year;
•Celebrated the grand opening of the brand's 12,000th restaurant, located in Beijing;
•Worldwide comparable sales were negative 2.0 percent compared to positive 2.9 percent in the same period last year;
•U.S. and Canada comparable sales were negative 3.3 percent compared to positive 1.9 percent in the same period last year;
•Worldwide company restaurant margin improved 20 basis points to 13.8 percent from 13.6 percent in the same period last year;
•U.S. and Canada company restaurant margin improved 160 basis points to 14.4 percent from 12.8 percent in the same period last year; and
•Earnings per share were $0.37 compared to earnings per share of $0.33 in the same period last year; up 12 percent.
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•Celebrated the grand opening of the brand's 12,000th restaurant, located in Beijing;
•Worldwide comparable sales were negative 2.0 percent compared to positive 2.9 percent in the same period last year;
•U.S. and Canada comparable sales were negative 3.3 percent compared to positive 1.9 percent in the same period last year;
•Worldwide company restaurant margin improved 20 basis points to 13.8 percent from 13.6 percent in the same period last year;
•U.S. and Canada company restaurant margin improved 160 basis points to 14.4 percent from 12.8 percent in the same period last year; and
•Earnings per share were $0.37 compared to earnings per share of $0.33 in the same period last year; up 12 percent.
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STARWOOD REPORTS FOURTH QUARTER 2009 RESULTS
Fourth Quarter 2009 Highlights
􀂃 Excluding special items, EPS from continuing operations was $0.51. Including
special items, EPS from continuing operations was a loss of $1.03.
􀂃 Adjusted EBITDA was $247 million.
􀂃 Excluding special items, income from continuing operations was $95 million.
Including special items, the loss from continuing operations was $186 million.
􀂃 Special items totaled a pre-tax charge of $431 million ($281 million net of tax or
$1.54 per share), including a pre-tax non-cash impairment charge of $362 million
related to inventory, fixed assets and goodwill at Starwood Vacation Ownership.
􀂃 Worldwide System-wide REVPAR for Same-Store Hotels decreased 7.2% (9.6% in
constant dollars) compared to the fourth quarter of 2008. System-wide REVPAR for
Same-Store Hotels in North America decreased 10.1% (10.7% in constant dollars).Fourth Quarter 2009 Highlights
􀂃 Excluding special items, EPS from continuing operations was $0.51. Including
special items, EPS from continuing operations was a loss of $1.03.
􀂃 Adjusted EBITDA was $247 million.
􀂃 Excluding special items, income from continuing operations was $95 million.
Including special items, the loss from continuing operations was $186 million.
􀂃 Special items totaled a pre-tax charge of $431 million ($281 million net of tax or
$1.54 per share), including a pre-tax non-cash impairment charge of $362 million
related to inventory, fixed assets and goodwill at Starwood Vacation Ownership.
􀂃 Worldwide System-wide REVPAR for Same-Store Hotels decreased 7.2% (9.6% in
constant dollars) compared to the fourth quarter of 2008. System-wide REVPAR for
Same-Store Hotels in North America decreased 10.1% (10.7% in constant dollars).
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􀂃 Excluding special items, EPS from continuing operations was $0.51. Including
special items, EPS from continuing operations was a loss of $1.03.
􀂃 Adjusted EBITDA was $247 million.
􀂃 Excluding special items, income from continuing operations was $95 million.
Including special items, the loss from continuing operations was $186 million.
􀂃 Special items totaled a pre-tax charge of $431 million ($281 million net of tax or
$1.54 per share), including a pre-tax non-cash impairment charge of $362 million
related to inventory, fixed assets and goodwill at Starwood Vacation Ownership.
􀂃 Worldwide System-wide REVPAR for Same-Store Hotels decreased 7.2% (9.6% in
constant dollars) compared to the fourth quarter of 2008. System-wide REVPAR for
Same-Store Hotels in North America decreased 10.1% (10.7% in constant dollars).Fourth Quarter 2009 Highlights
􀂃 Excluding special items, EPS from continuing operations was $0.51. Including
special items, EPS from continuing operations was a loss of $1.03.
􀂃 Adjusted EBITDA was $247 million.
􀂃 Excluding special items, income from continuing operations was $95 million.
Including special items, the loss from continuing operations was $186 million.
􀂃 Special items totaled a pre-tax charge of $431 million ($281 million net of tax or
$1.54 per share), including a pre-tax non-cash impairment charge of $362 million
related to inventory, fixed assets and goodwill at Starwood Vacation Ownership.
􀂃 Worldwide System-wide REVPAR for Same-Store Hotels decreased 7.2% (9.6% in
constant dollars) compared to the fourth quarter of 2008. System-wide REVPAR for
Same-Store Hotels in North America decreased 10.1% (10.7% in constant dollars).
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