The idea originated in Japan, to provide a cheap place for hard-working businessmen to get a night’s sleep at a reasonable price if they missed their last train home. But bunking down in a box was a tough experience to sell to the masses, so the concept has been reworked – bigged up, even – to become a bone-fide hotel sector of its own.
It meant making pod hotel rooms a little bigger – but not by much: just under five square metres is the average size, which is just enough for a wide single bed, a shower and a television.
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Saturday, May 8, 2010
Former Holiday Inn manager accused of stealing more than $45,000 from hotel
NEW HARTFORD, N.Y. (WKTV) - The former accounting manager for the New Hartford Holiday Inn is now facing a charge of grand larceny after police said he stole more than $45,000 from the hotel.
According to Utica Police, an investigation began in March 2010 to the theft of funds from the Holiday Inn located on 1777 Burrstone Road in New Hartford. Police said Marnee Card, 29, of Vernon, who was the accounting manager there, was stealing funds from daily deposits from September 8, 2008 through December 18, 2009. Police said a total of $45,000 was taken during the 15 month period. Now, Card faces one count of third-degree grand larceny.
According to Utica Police, an investigation began in March 2010 to the theft of funds from the Holiday Inn located on 1777 Burrstone Road in New Hartford. Police said Marnee Card, 29, of Vernon, who was the accounting manager there, was stealing funds from daily deposits from September 8, 2008 through December 18, 2009. Police said a total of $45,000 was taken during the 15 month period. Now, Card faces one count of third-degree grand larceny.
CHI Hotels to operate Wyndham hotel in Cardiff
CHI Hotels & Resorts (CHI), together with Wyndham International Hotels and Bayscape Ltd, a development company based in Cardiff, Wales, have announced the signing of a 25-year hotel management agreement for the new ‘Wyndham Cardiff’ – a £60 million upscale hotel project that will be built on the waterfront of Cardiff Bay. The hotel location is on the prestigious site of the International Sports Village and overlooks the newly completed, 350 berth Cardiff Marina
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European hotel prices rise for fifth consecutive month
The average price of a hotel room in Europe is €120 this month, a climb of two per cent from April.
The figures, compiled by online travel firm Trivago, show significant price hikes in Nuremberg, which rose 35 percent; Barcelona, which climbed 22 percent and Oslo, which experienced a 15 percent increase to an average of €175 a night.
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The figures, compiled by online travel firm Trivago, show significant price hikes in Nuremberg, which rose 35 percent; Barcelona, which climbed 22 percent and Oslo, which experienced a 15 percent increase to an average of €175 a night.
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Hotel Loans, Fraud, Contribute to Alpharetta Bank Failure
A fraud scheme orchestrated by a "dirty insider" and a Florida hotel developer contributed to the collapse of an Alpharetta bank that had assets totaling more than $1 billion, federal authorities said.
An indictment unsealed Friday alleges bribery, insider trading and enough money in fraudulent loans that the developer could buy his own private island in the Bahamas. It says Integrity Bank, in one of Georgia's largest bank failures, suffered $80 million in losses because of the scheme.
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An indictment unsealed Friday alleges bribery, insider trading and enough money in fraudulent loans that the developer could buy his own private island in the Bahamas. It says Integrity Bank, in one of Georgia's largest bank failures, suffered $80 million in losses because of the scheme.
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Banquet Sales Person Accused of Embezzling $70,000 from Radisson Hotel
Lexington County, SC (WLTX) - Lexington County deputies have arrested a woman they say embezzled $70,000 from the Radisson Hotel on Bush River Road.
Denise McCray, 33, turned herself over to deputies Friday on a charge of breach of trust with fradulent intent.
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Denise McCray, 33, turned herself over to deputies Friday on a charge of breach of trust with fradulent intent.
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Nudist Hotel a "Turkey"?
A hotel in Turkey, billed as the Muslim world's first nudist hotel, was forced to close six days after it opened.
The BBC reported the 64-room resort on the Turkish Riviera shut after an inspection found that one of its balconies did not conform to the architect's drawings.
The hotel owner hopes to modify the balcony in order to re-open by Wednesday.
The resort offers guests the opportunity to strip off around the pool, or to take a special shuttle bus to a private beach where nudity is tolerated.
The BBC reported the 64-room resort on the Turkish Riviera shut after an inspection found that one of its balconies did not conform to the architect's drawings.
The hotel owner hopes to modify the balcony in order to re-open by Wednesday.
The resort offers guests the opportunity to strip off around the pool, or to take a special shuttle bus to a private beach where nudity is tolerated.
It's Time to Check Out of Hotel Stocks
GROWING OPTIMISM ABOUT A REVIVAL OF business and leisure travel has made Wall Street crazy for hotel stocks that investors abandoned in late 2008 and early 2009. Really crazy, based on the shares' valuation.
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Ruth's Hospitality Group, Inc. Revises First Quarter 2010 Financial Results
HEATHROW, Fla., May 07, 2010 (BUSINESS WIRE) --Ruth's Hospitality Group, Inc. (NASDAQ: RUTH) today reported a revision to its unaudited financial results for the first quarter ended March 28, 2010. The Company updated its earnings release dated April 30, 2010 to include a pre-tax $0.6 million reduction to interest expense which increased net income available to preferred and common shareholders to $6.5 million for the period. This change is related to the treatment of deferred financing costs associated with the Company's recent debt amendment.
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