Wednesday, May 19, 2010

People who down half a bottle of wine daily are HEALTHIER than teetotallers... at least that what French say

People who drink up to half a bottle of wine a day are healthier than teetotallers, according to a surprising new study.

This is because those who enjoyed three glasses of wine a day tended to take more exercise, have a higher social status and suffer from less stress, according to researchers.

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Captain D's sold to Sun Capital affiliate

Private investment firm Sun Capital Partners Inc. has announced that an affiliate has completed the acquisition of Captain D's Seafood Kitchen, the second largest casual seafood chain in the United States. Terms of the purchase from Sagittarius Brands Inc. were not disclosed.

Fort Lee hotel to be privatized after it’s built

The new 1,000-room hotel approved by Congress to be built on Fort Lee to house many of the Army’s transient student population will be sold sometime after the hotel is completed in early 2012.

“The Army is intent on privatizing the hotel through a public, competitive bid process,” Fort Lee Commander Mike Morrow told members of the Chesterfield County Chamber of Commerce’s Government Relations Committee last week. About 10 years ago, all branches of the military began outsourcing the maintenance and civil engineering of bases to local businesses.

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Dubai hotel industry to boom in 2010

WAM) With increasing number of hotels, Dubai's hospitality sector is witnessing a rapid surge after facing the impact of global recession last year, say industry experts.

When most of the global economies, especially the US and Europe, are struggling to shake off the shackles of recession, hoteliers in Dubai see more opportunity with large number of new hotel rooms coming up.

'There are between 16,000 and 20,000 hotel rooms to enter the Dubai market by the end of the year, which will contribute to producing lower room rates and attracting more visitors to Dubai,' said Khalid bin Sulayem, Director General of Dubai Tourism and Commerce (DTCM).

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Bankrupt - Another One Bites the Dust

Just 1½ years after opening one of downtown San Diego’s glitziest hotels in the midst a deep recession, the owner of the 184-room Sè San Diego has been notified that it is in default on its construction loan, owing the lender nearly $73 million.

Although the original mortgage of $67.8 million came due a year ago, the German lender, WestLB, waited until late March to officially file a notice of default on the 23-story luxury property.

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Proposed levy on hotel development will harm London tourism

The future growth of the tourism industry in London could be at risk from a proposed levy on all new hotel developments.

InterContinental Hotel Group (IHG), Wyndham and Travelodge are amongst a number of leading hotel companies which have signed a letter to London Mayor Boris Johnson urging him to abandon his plans to put what is effectively a tax on all future hotel developments of £60 per sq m in Central London and £82 per sq m in the Isle of Dogs.

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Accor Sees Long-Term Growth Helped by Expanding Hotels Demand

May 19 (Bloomberg) -- Accor SA, Europe’s largest hotelier, said its long-term growth will be helped by “expanding demand” in both developed and emerging markets.

Accor, which owns the Novotel and Motel 6 chains, aims to become one of the world’s three leading hotel groups by 2015 and to add as many as 40,000 rooms a year, it said in a statement today, confirming earlier targets. The company currently has about 500,000 rooms in 90 countries.

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Panera Bread launches pay-what-you-want nonprofit restaurant

CLAYTON, Mo. -- Panera Bread Co. is asking customers at a new restaurant to pay what they want.

The national bakery and restaurant chain launched a new nonprofit store here this week that has the same menu as its 1,400 other locations. But the prices are a little different -- there aren't any. Customers are told to donate what they want for a meal, whether it's the full suggested price, a penny or $100.

The new store in the upscale St. Louis suburb of Clayton is the first of what Panera hopes will be many in the nation. Ronald Shaich, Panera's CEO until last week, was on hand at the new bakery Monday to explain the system to customers.

The pilot restaurant is run by a nonprofit foundation. If it can sustain itself financially, Panera will expand the model around the country within months. It all depends on whether customers will abide by the motto hanging above the deli counter: ``Take what you need, leave your fair share.''
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Hilton Checkers Changing Hands

DOWNTOWN LOS ANGELES – Chesapeake Lodging Trust, an Annapolis, Maryland-based lodging and real estate investment trust, is in escrow to purchase the Hilton Checkers in Downtown.

Chesapeake is buying the 188-room hotel at 535 S. Grand Ave. for $46 million, said Doug Vicari, the company’s chief financial officer. The deal is expected to close by May 30 and the hotel will remain a Hilton, Vicari said.

The company, which went public in January and purchased its first hotel, the Boston Hyatt Regency, in March, was drawn to Downtown Los Angeles by the lure of L.A. Live and signs of a turnaround in what has recently been a dismal hospitality industry market, said Vicari.

“We think the combination of L.A. Live and the Marriot/Ritz Carlton is going to add value and draw demand into the marketplace,” Vicari said.

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