PORT-AU-PRINCE -- It was supposed to be an oasis in an investment-hungry nation riding a wave of improved security and optimism: a 60-room South Beach-inspired hotel offering upscale shops, a 300-car garage and a helipad.
Then the catastrophic Jan. 12 earthquake hit, wiping out $6.4 million in investments as investors lay dead, and others stood in financial ruin. Almost six months after the disaster, the Oasis hotel project is on its way back with more than double the rooms.
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Wednesday, June 30, 2010
iPhone Restaurant Apps
CIO — Apps for finding cool places to grab a bite to eat are some of the most popular in the App Store. Of course, most iPhone owners know about the gorilla in the category, UrbanSpoon. But have you seen these six worthy alternatives?
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Singapore Visitor Arrivals Up By 30.3% For May 2010
The Singapore Tourism Board said that visitor arrivals to Singapore grew by 30.3% year-on-year in May 2010 to reach 946,000 visitors.
This is the highest ever recorded in the month of May.
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This is the highest ever recorded in the month of May.
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Sonesta Announces Purchase of Sonesta Bayfront Hotel Coconut Grove
BOSTON, Jun 29, 2010 (GlobeNewswire via COMTEX) -- Sonesta International Hotels Corporation /quotes/comstock/15*!snst.a/quotes/nls/snsta (SNSTA 14.70, 0.00, 0.00%) (the "Company") has entered into agreements to purchase Sonesta Bayfront Hotel Coconut Grove, and plans to close the transaction on July 1, 2010. The Hotel has been operated by the Company under a management agreement since its opening in April 2002. Sonesta Bayfront Hotel Coconut Grove is a condominium hotel. The Company will acquire the "Hotel Lot", which includes the restaurant and other hotel facilities, and the right to operate the Hotel.
At closing, the company will assume a $6,500,000 first mortgage loan, and pay cash of approximately $1,400,000. In addition, the Company will assume the Hotel's working capital. The seller will be entitled to a percentage of net operating income, as defined, for an eleven year period starting January 1, 2010
At closing, the company will assume a $6,500,000 first mortgage loan, and pay cash of approximately $1,400,000. In addition, the Company will assume the Hotel's working capital. The seller will be entitled to a percentage of net operating income, as defined, for an eleven year period starting January 1, 2010
Could You Soon Be Sleeping in a Virgin Hotel after Your Virgin Flight?
Branson told us they are "not many months away from making an announcement" regarding Virgin Hotels (an opening announcement that is.) He says they have the resources and the concept which is somewhat under wraps but he did confirm it would be very much a translation of the airline experience. And remember, Virgin Hotels is very much an urban brand that will only open in cities.
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Accor demerger paves way for new strategy
PARIS—Anyone who has heard Accor Hospitality chairman and CEO Gilles Pélisson speak during the past few months knows the company is geared up for an “asset right” strategy.
The details, however, of that plan have been unclear—until now. Accor’s shareholders yesterday approved the demerger of Accor Hospitality and its voucher services company, Edenred. Now there is an open road for the hotel group to address its goals.
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The details, however, of that plan have been unclear—until now. Accor’s shareholders yesterday approved the demerger of Accor Hospitality and its voucher services company, Edenred. Now there is an open road for the hotel group to address its goals.
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Golfing great buys Silverado Resort
A flurry of pink slips was issued Friday by Silverado Resort’s new management company, gutting the ranks of top management as the property changes ownership.
A syndicate headed by Johnny Miller, a golfing great who is an analyst for NBC Sports, will become the new owners of the resort effective Thursday
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A syndicate headed by Johnny Miller, a golfing great who is an analyst for NBC Sports, will become the new owners of the resort effective Thursday
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