Wednesday, March 17, 2010

InternContinental reports 2009 results

Trump Hotel Collection expands into SOHO & Panama.

Continued aggressive growth includes recent opening of Trump International Hotel Waikiki Beach Walk with renovation NYC flagship; Toronto to Open in 2011.

Trump Hotel Collection will add two new properties to its growing portfolio this year, on the heels of its successful opening in Waikiki and in the midst of a $30 million refurbishment of its flagship New York City property.

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Buyout for Benihana?

After months of enduring the stock-price equivalent of ground chuck, investors in Japanese steakhouse Benihana are being offered prime rib in the form of a buyout offer from a disciple of billionaire activist investor Carl Icahn.

Russell Glass, a former executive with Icahn Associates who's now the founder and head of New York investment firm RDG Capital, has offered to buy the Miami-based chain for $7 a share, a 20 percent premium over the current stock price, The Post has learned.

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