CHONGQING, July 23 (Xinhua) - Police in southwest China's Chongqing Municipality arrested 46 people involved in a mafia-style gang, including a major shareholder of the local Hilton Hotel that was recently targeted by police because of its involvement in prostitution. Two government officials were also arrested.
Peng Zhimin, 47, owner of Qinglong Property Development Co., was arrested on multiple charges including allegedly managing a mafia-style organization, organizing prostitution, crimes of intentional injury, illegal occupation of farmland, and bribery, according to a statement emailed to Xinhua by the municipal public security bureau.
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Saturday, July 24, 2010
Castle-led group buys Hilo Hawaiian for $17.3M
The Hilo Hawaiian Hotel on the Big Island was sold yesterday for $17.3 million to a group of local investors led by Castle Resorts & Hotels.
The sale marks the first time in 20 years that the hotel has been under local ownership.
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The sale marks the first time in 20 years that the hotel has been under local ownership.
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DineEquity sells 63 Applebee's locations for $32M
GLENDALE, Calif. (AP) -- DineEquity Inc., which owns Applebee's Neighborhood Grill & Bar and IHOP restaurants, said Friday it agreed to sell 63 company-operated restaurants to its largest franchisee, Apple American Group LLC, for $32 million.
The restaurants are in Minnesota and Wisconsin.
Closing is subject to regulatory processes related to liquor license transfers and other closing conditions.
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The restaurants are in Minnesota and Wisconsin.
Closing is subject to regulatory processes related to liquor license transfers and other closing conditions.
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Governor signs Illegal Hotels Bill
NEW YORK - Tenants and tourists in New York City will be protected by a new law that makes it clear that operating a residential apartment as a transient hotel is illegal in New York City. The bill, sponsored by State Senator Liz Krueger and Assembly Member Richard N. Gottfried, will put an end to the rampant spread of illegal hotels by clarifying ambiguities in State and City laws which made it impossible for government agencies to effectively crack down on offenders and protect residents. Governor Paterson signed the bill into law today.
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