All Allison Arevalo and Erin Wade wanted to do was open a small restaurant. So they quit their jobs and poured all their money into launching a macaroni and cheese eatery in Oakland. They dubbed their slice of comfort food heaven "Little Mac." According to Arevalo and Wade, "mac" referred to the dish, while "little" was a nod "to the small environmental footprint we aim to achieve."
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Wednesday, June 9, 2010
Denny's shares climb after CEO departs
CHICAGO — Shares of Denny's Corp. soared Wednesday after the struggling restaurant chain said it was replacing CEO Nelson Marchioli with board Chairwoman Debra Smithart-Oglesby on an interim basis and looking for a permanent replacement.
THE SPARK: Tuesday evening's announcement came less than a month after the end of bitter proxy fight with investors that had pushed to oust Marchioli, Smithart-Oglesby and former Chairman Robert Marks from the company's board.
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THE SPARK: Tuesday evening's announcement came less than a month after the end of bitter proxy fight with investors that had pushed to oust Marchioli, Smithart-Oglesby and former Chairman Robert Marks from the company's board.
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Disney Closes Doors on Five ESPN Zone Restaurants
After this latest round of cuts, California will be the lone state left with a branch of the sports bar-restaurant-arcade combos.
The Walt Disney Co. announced on Wednesday that it is shutting down five of its ESPN Zone Restaurants. The AP reports that the spots set to close are Baltimore, Chicago, New York, Las Vegas, and Washington D.C. The only two locations that escaped the out-of-business axe are Los Angeles and Anaheim, Calif.
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The Walt Disney Co. announced on Wednesday that it is shutting down five of its ESPN Zone Restaurants. The AP reports that the spots set to close are Baltimore, Chicago, New York, Las Vegas, and Washington D.C. The only two locations that escaped the out-of-business axe are Los Angeles and Anaheim, Calif.
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Dubai’s Union Properties Nears Ritz-Carlton Sale to Fund Towers
June 9 (Bloomberg) -- Union Properties PJSC is close to selling its Ritz-Carlton hotel in Dubai and plans to dispose of other assets after the developer “got distracted” during the property boom and took on projects and businesses that were a poor fit, its chairman said.
The company “got involved in so many businesses that were not core,” said Khalid Bin Kalban, who took over when Chief Executive Officer Simon Azzam resigned a year ago after 23 years in charge. “I don’t understand the rationale.”
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The company “got involved in so many businesses that were not core,” said Khalid Bin Kalban, who took over when Chief Executive Officer Simon Azzam resigned a year ago after 23 years in charge. “I don’t understand the rationale.”
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LA's Little Tokyo landmark hotel has money woes
LOS ANGELES—A 21-story Little Tokyo landmark is in financial trouble.
The 434-room downtown Kyoto Grand Hotel and Garden has defaulted on a nearly $34 million loan and could face foreclosure if a resolution isn't reached by Monday.
Little Tokyo Partners LP attorney Martin Taylor said Tuesday that he was optimistic a deal can be worked out with lender First Citizens Bank and Trust.
The hotel's Thousand Cranes restaurant recently closed.
Hotel general manager Richard Gaines says the recession hit hotels hard last year, but adds Kyoto Grand business has been picking up this year.
The 434-room downtown Kyoto Grand Hotel and Garden has defaulted on a nearly $34 million loan and could face foreclosure if a resolution isn't reached by Monday.
Little Tokyo Partners LP attorney Martin Taylor said Tuesday that he was optimistic a deal can be worked out with lender First Citizens Bank and Trust.
The hotel's Thousand Cranes restaurant recently closed.
Hotel general manager Richard Gaines says the recession hit hotels hard last year, but adds Kyoto Grand business has been picking up this year.
