As New York City, the landlord of Tavern on the Green, heads toward a possible smackdown with Donald J. Trump, the Cipriani company and other potential operators interested in taking over the landmark restaurant in Central Park, the question arises: Can future bidders come to an agreement with the powerful Hotel and Motel Trades Council labor union?
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Monday, May 24, 2010
Gaylord strikes deal with lenders
Nashville-based Gaylord Entertainment Co. struck a deal last week with more than a dozen lenders that waives any default by the company resulting from the stoppage of operations at Opryland Resort and Convention Center due to flooding earlier this month.
According to an SEC report filed by the company today, the waiver will expire on Dec. 31 unless Gaylord has substantially repaired, rebuilt and reopened the large hotel and conference center or if all related costs are covered by insurance, cash, or the company’s revolving line of credit.
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According to an SEC report filed by the company today, the waiver will expire on Dec. 31 unless Gaylord has substantially repaired, rebuilt and reopened the large hotel and conference center or if all related costs are covered by insurance, cash, or the company’s revolving line of credit.
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Carlton Hotel on Miami's South Beach faces foreclosure
The Carlton Hotel, an Art Deco-style boutique hotel on South Beach, could be seized by a commercial mortgage-backed securities (CMBS) fund.
An entity formed by the CMBS fund to manage the $13 million mortgage, JPMCC 2007 CIBC19 Collins Lodging, filed a foreclosure lawsuit May 20 against Carlton Hotel LLC, according to Miami-Dade County Circuit Court records. It targets the 67-room hotel at 1433 Collins
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An entity formed by the CMBS fund to manage the $13 million mortgage, JPMCC 2007 CIBC19 Collins Lodging, filed a foreclosure lawsuit May 20 against Carlton Hotel LLC, according to Miami-Dade County Circuit Court records. It targets the 67-room hotel at 1433 Collins
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$42.9 million slot jackpot should have been $20
The correct prize for an apparent $42.9 million slot machine jackpot that a Thornton woman hit at a Central City casino should have been $20.18, Colorado gaming regulators said today.
The errant jackpot appeared on a "Price is Right" penny slot at Fortune Valley Hotel & Casino on March 26 after Louise Chavez made a minimum bet of 40 cents.
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The errant jackpot appeared on a "Price is Right" penny slot at Fortune Valley Hotel & Casino on March 26 after Louise Chavez made a minimum bet of 40 cents.
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3 restaurant servers charged with skimming cards
WASHINGTON (AP) - Three servers at a Cheesecake Factory in Washington are accused of stealing credit card numbers from diners at the restaurant.
Federal authorities say about $117,000 in fraudulent charges were made with the numbers in 2008 and 2009.
The U.S. Secret Service began investigating after Citibank reported many fraudulent charges on cards that had been used at the Cheesecake Factory in the Friendship Heights neighborhood.
Former restaurant employee Nicole Ward is accused of recruiting the other two servers. The three used electronic "skimmers" to capture the numbers and then would hand off the devices to people higher up in the scheme.
Federal authorities say about $117,000 in fraudulent charges were made with the numbers in 2008 and 2009.
The U.S. Secret Service began investigating after Citibank reported many fraudulent charges on cards that had been used at the Cheesecake Factory in the Friendship Heights neighborhood.
Former restaurant employee Nicole Ward is accused of recruiting the other two servers. The three used electronic "skimmers" to capture the numbers and then would hand off the devices to people higher up in the scheme.
Landry's agrees to be bought by CEO for $1.4 billion
Landry's Restaurants Inc's (LNY.N) Chief Executive Tilman Fertitta concluded a nearly two-year-long bid for the company on Monday, after the seafood restaurant operator agreed to be bought for $24 a share, or $1.4 billion, in cash
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Dwyane Wade Back On The Stand In Restaurant Trial
Miami Heat star Dwyane Wade is back on the stand in a trial involving a failed restaurant deal. His former business partners, Mark Rodberg and Lauren Hollander, claim Wade breached a contract for a chain of sports themed restaurants that would bear his name by demanding higher compensation than agreed to, then abandoning the deal in 2008.They're suing him for $25 million.Wade claims he had a reason and a right to pull out of the deal
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Holiday Inn to test smartphone as hotel-room key
InterContinental Hotels Group - parent of the Holiday Inn brands - next month will start testing technology that will let smartphone owners use their phone as their room key. You can try the technology at two hotels: the Holiday Inn Chicago O’ Hare Rosemont hotel (shown) and the Holiday Inn Express Houston Downtown Convention Center hotel. The pilot program could last months; there is no set date to end it at this point.
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Marriott Expands in China
Bethesda-based hotel giant Marriott International says it aims to double its presence in China in the next five years, calling it the world's most compelling tourism market today.
Marriott has signed management contracts for seven more hotels in China and expects to have 60 hotels open in China by the end of this year.
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Marriott has signed management contracts for seven more hotels in China and expects to have 60 hotels open in China by the end of this year.
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Travel Warning - Nigeria
The U.S. Department of State warns U.S. citizens of the risks of travel to Nigeria and continues to recommend U.S. citizens to avoid all but essential travel to the Niger Delta states of Akwa Ibom, Bayelsa, Delta, and Rivers; the Southeastern states of Abia, Edo, and Imo; and the city of Jos in Plateau State, because of the risks of kidnapping, robbery, and other armed attacks in these areas. Violent crime committed by individuals and gangs, as well as by persons wearing police and military uniforms, is a problem throughout the country. This replaces the Travel Warning for Nigeria dated July 17, 2009, to update information on violent activity and crime in Nigeria
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