The Holiday Inn Resort and Conference Center on Grand Island is in receivership but continuing with its regular business operations.
Royal Bank of Canada, the mortgage holder, brought the foreclosure action on the property at 100 Whitehaven Road, which is owned by American Hospitality Group LLC. The bank says it is owed close to $7 million.
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Sunday, April 25, 2010
Yum Brands Growing Faster Than Rivals in Emerging Markets
20 April 2010 - Speaking to investors last week, Rick Carucci, CFO of Yum Brands, parent of the KFC, Taco Bell and Pizza Hut chains, said that his company has a competitive advantage over rival restaurant operators in emerging markets and sees significant growth opportunities.
"Today, we have nearly 10,000 units in the emerging markets, or roughly 55% of our total YRI and China units. We are the largest restaurant company in emerging markets, and we are growing at a faster rate than our major QSR competition", he said.
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"Today, we have nearly 10,000 units in the emerging markets, or roughly 55% of our total YRI and China units. We are the largest restaurant company in emerging markets, and we are growing at a faster rate than our major QSR competition", he said.
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MGM-branded casino planned for Vietnam resort area
LOS ANGELES, April 21 (Reuters) - A group backed by hedge fund Harbinger Capital Partners plans to open in early 2013 Vietnam's first Las Vegas-style casino resort in a coastal area to be called the Ho Tram Strip.
Asian Coast Development Ltd said on Wednesday that it had named Lloyd Nathan, formerly president of MGM Mirage's (MGM.N) global gaming development, as its chief executive officer, a post from which he will oversee the project's financing and construction.
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Asian Coast Development Ltd said on Wednesday that it had named Lloyd Nathan, formerly president of MGM Mirage's (MGM.N) global gaming development, as its chief executive officer, a post from which he will oversee the project's financing and construction.
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Fairmont Royal York Hotel fires 22 staff members
The Fairmont Royal York isn’t just Toronto’s classiest hotel. It’s a temporary abode for visiting kings and queens, presidents and prime ministers – not to mention diplomats, movie stars and music legends from around the world.
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Turkey gets first nudist hotel
ANKARA - NUDIST tourists will be able to work on their full-body tan on the sun-kissed Turkish coast from next week, when the mainly Muslim country opens its first naturist hotel, a report said Sunday.
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CKE Restaurants, Inc. Announces Agreement to Be Acquired by Affiliates of Apollo Management VII, L.P
CARPINTERIA, Calif.--(BUSINESS WIRE)--CKE Restaurants, Inc. (NYSE: CKR) (the “Company”) announced today that, as a result of the takeover proposal submitted to the Company on April 19, 2010 by Columbia Lake Acquisition Holdings, Inc., an affiliate of Apollo Management VII, L.P. (“Apollo”), the Company has terminated the merger agreement previously entered into with affiliates of Thomas H. Lee Partners, L.P. and entered into a new merger agreement with Apollo, pursuant to which Apollo has agreed to acquire the Company for $12.55 per share in cash.
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