May 13 (Bloomberg) -- Extended Stay Hotels Inc. is talking to a “number of interested bidders” as it prepares for an auction of its assets later this month, the hotel chain’s lawyer said.
Jacqueline Marcus, Extended Stay’s bankruptcy lawyer, said today at a court hearing that the company has heard from “various parties” that are interested in making investment proposals for the company
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Thursday, May 13, 2010
Strategic Hotels to conduct public offering
Strategic Hotels & Resorts Inc. said Monday it plans to make a public offering of 40 million shares of its common stock with an option to purchase up to 6 million more shares to cover overallotments. The real estate investment trust, which owns interests in 17 properties, plans to use the proceeds to fund its offer for its senior notes and for general corporate purposes. Shares of Strategic Hotels fell 74 cents, or 12 percent, to $5.19 in midday trading.
Manhattan doormen demanding bribes from taxis
Hotel doormen across Manhattan are shaking down yellow cabbies for bribes of up to $15 before allowing them to transport guests to local airports, taxi officials told The Post.
Drivers who refuse to pay are blacklisted.
The rampant practice has sparked a Taxi and Limousine Commission investigation — and earned the ire of furious drivers.
"This stuff goes on day in and day out at hotels all over Midtown," said David Pollack, a former driver and director of the Committee for Taxi Safety. "It’s never happened as much as it is now. Everyone’s hurting for money and no one is stopping it."
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Drivers who refuse to pay are blacklisted.
The rampant practice has sparked a Taxi and Limousine Commission investigation — and earned the ire of furious drivers.
"This stuff goes on day in and day out at hotels all over Midtown," said David Pollack, a former driver and director of the Committee for Taxi Safety. "It’s never happened as much as it is now. Everyone’s hurting for money and no one is stopping it."
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Nashville lands Loews Hotels services center with 200 jobs
The New York-based company has leased 40,000 square feet of space in the Fifth Third Center for the shared services center, which it plans to open in September.
Nashville was among four U.S. cities that made a final cut for the project from an initial list of 10. Loews plans to centralize tasks such as accounting, payroll and purchasing in the new office space.
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Nashville was among four U.S. cities that made a final cut for the project from an initial list of 10. Loews plans to centralize tasks such as accounting, payroll and purchasing in the new office space.
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Banks Embrace ‘Extend and Pretend’ as U.S. Hotels Await Rebound
May 13 (Bloomberg) -- A year ago, Sam Nazarian was concerned bankers wouldn’t rework the mortgage on his SLS Hotel at Beverly Hills after the recession cut occupancy and the luxury property lost money.
“There was a point in time when getting a lender on the phone to talk restructuring was very challenging,” said the Los Angeles nightclub owner and hotelier, who has played himself on the HBO series “Entourage” and has a house next to actor Leonardo DiCaprio’s in the Hollywood Hills
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“There was a point in time when getting a lender on the phone to talk restructuring was very challenging,” said the Los Angeles nightclub owner and hotelier, who has played himself on the HBO series “Entourage” and has a house next to actor Leonardo DiCaprio’s in the Hollywood Hills
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New Wyndham Hotel Opens in Heart of Miami's South Beach
PARSIPPANY, NJ, May 13, 2010 (MARKETWIRE via COMTEX) -- Wyndham Hotels and Resorts, a subsidiary of Wyndham Worldwide Corporation /quotes/comstock/13*!wyn/quotes/nls/wyn (WYN 25.60, -0.62, -2.37%) , today announced its continued expansion in Florida with the opening of the 133-room-and-suite Wyndham Garden(R) Hotel Miami South Beach.
The newly-renovated Wyndham Garden Hotel Miami South Beach, located in South Beach's entertainment district at 1050 Washington Avenue, is just a short drive from Miami International Airport and the Port of Miami and walking distance to the Miami Beach Convention Center. For beach-goers, the hotel sits only two blocks from Miami's white sand beaches.
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The newly-renovated Wyndham Garden Hotel Miami South Beach, located in South Beach's entertainment district at 1050 Washington Avenue, is just a short drive from Miami International Airport and the Port of Miami and walking distance to the Miami Beach Convention Center. For beach-goers, the hotel sits only two blocks from Miami's white sand beaches.
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