Chipotle (NYSE:CMG), the Mexican fast food joint, is a valuable stock for investors, having generated over 200% returns since its public launch in 2006. The current market price of the stock is $145, up more than 3X since the initial public offering. Chipotle’s dramatic runup can be attributed to the company’s impressive growth and increasing profitability.
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Tuesday, June 29, 2010
Ramsay axes pub after loss of
The chef, 43, is shutting gastro pub The Devonshire in West London.
It comes after parent company Gordon Ramsay Holdings recorded a £4.3million loss last year.
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It comes after parent company Gordon Ramsay Holdings recorded a £4.3million loss last year.
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Three Red Roof Inns hit with foreclosure
Three Phoenix area Red Roof Inns have been noticed for trustee sales that are scheduled for Sept. 2. All were involved in a massive $1.3 billion transaction in 2007 when international hotel brand Accor sold the Red Roof group to investors in Citi’s Global Special Situations Group and Westbridge Hospitality Fund.
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Kempinski to Cease Management of Hotel in Sanya on Hainan
Beijing, China (May 17, 2010) /ChinaNewswire.com/ — Kempinski Hotel announces that in line with the company's strategic plan, Kempinski Hotel Sanya Hainan Island in China will cease to be a Kempinski hotel and will exit the portfolio. Existing hotel reservations will remain at the same conditions as confirmed
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Singapore Gambles Low Crime Rate With $10.2 Billion Casino Push
June 23 (Bloomberg) -- Singapore’s casinos have attracted more than three million visitors, created thousands of jobs and spurred spending at hotels, restaurants and shopping malls. They’re also keeping the courts busy.
Since the opening of Resorts World Sentosa in February and Marina Bay Sands in April, the island-state has seen cases of fraud, embezzlement and identity theft. Some offenders were fined or sent to prison, three European suspects have jumped bail and two Africans have been charged for cheating the casinos out of about S$140,000 ($102,000).
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Since the opening of Resorts World Sentosa in February and Marina Bay Sands in April, the island-state has seen cases of fraud, embezzlement and identity theft. Some offenders were fined or sent to prison, three European suspects have jumped bail and two Africans have been charged for cheating the casinos out of about S$140,000 ($102,000).
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Biltmore Hotel seeks repayment plan for $2M in back rent owed to Coral Gables
The Biltmore Hotel wants to delay paying more than $2.3 million it owes in back rent to Coral Gables until July 2012, according to a letter from Biltmore management to the city.
Under the terms it's proposing, the Biltmore would begin paying $100,000 to the city quarterly as of July 1, 2012. At that rate, it could take at least five years for the Biltmore to pay back the money it owes since it stopped paying rent in April 2009.
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Under the terms it's proposing, the Biltmore would begin paying $100,000 to the city quarterly as of July 1, 2012. At that rate, it could take at least five years for the Biltmore to pay back the money it owes since it stopped paying rent in April 2009.
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