Marriott International Inc., the largest U.S. lodging chain, and other groups including Le Meridien and W Hotels, plan to open their first hotels in Taiwan as they compete to cater for rising numbers of Chinese tourists.
Marriott is working with Taiwanese businessman B. V. Riu, owner of Taipei-based luxury hotel Sherwood, on a NT$6.2 billion ($195 million), 352-room lodging franchise agreement, Victor Chou, president of Sherwood, said. Le Meridien and W Hotels, both owned by Starwood Hotels & Resorts Worldwide Inc., also plan to open premises in the city this year.
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Sunday, August 15, 2010
Not just a Hotel problem - Bed Bugs at Time Warner Center in New York
TVNewser has learned the human resources department of TBS Inc. has sent out an email this afternoon alerting staffers of a bed bug problem in their New York City offices at Time Warner Center -- home to CNN, CNNMoney.com and other Time Warner entities.
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World's First Hooters Restaurant at an Airport Opens at Frankfurt Airport
FRANKFURT, August 11, 2010 /PRNewswire-FirstCall/ -- Hooters American Restaurant and Sportsbar opened its first airport location at Frankfurt Airport today. Entrepreneurs, Manfred Metzger and Bastian Klink, both from Karlsruhe, Germany, are the owners and managers of the new franchise operation of the famous American Hooters restaurant chain. Metzger and Klink said, "Hooters Frankfurt Airport will cater to passengers, the general public as well as the more than 70,000 staff working at Frankfurt Airport. We offer good food, fun and service, service, service. Our motto is Hooters makes you happy."
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Taco Bell eyed as CDC looks into salmonella outbreak
The outbreaks of two distinct salmonella pathogens appear to have subsided since peaking in June, although some cases may not have been reported yet, the U.S. Centers for Disease Control said this week. No deaths have been reported.
The CDC identified the chain merely as “Mexican-style fast food,” but William E. Keene, senior epidemiologist for the state of Oregon and an investigator on the case, said the chain was Taco Bell, part of Louisville-based Yum! Brands.
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The CDC identified the chain merely as “Mexican-style fast food,” but William E. Keene, senior epidemiologist for the state of Oregon and an investigator on the case, said the chain was Taco Bell, part of Louisville-based Yum! Brands.
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Why KFC Franchisees Are Squawking
Marilynn Pankratz fondly recalls the time Colonel Sanders donned an apron at her Kentucky Fried Chicken restaurant and taught the staff how to fry chicken according to his Original Recipe. Ask her if KFC's current president, Roger Eaton, would do the same, and she's off: "Roger Eaton and his company don't give a rat's ass," says Pankratz, who has run KFC franchises since 1963 and operates eight in Florida and Louisiana. "They hire marketing guys with blue blazers who tell us what to do with our damn stores. But it's one thing to be behind the big mahogany desk calling the shots and another to be down here in the trenches."
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Tim Hortons Inc. Announces 2010 Second Quarter Results:
Quarterly Highlights
Significant sales growth in Canada and strong performance in the U.S.
o Systemwide sales(2) grew 9.2% on a constant currency basis
o 6.4% increase in same-store sales in Canada
o 3.1% increase in same-store sales in the U.S.
Strong consolidated operating income gain of 16.1% with solid contributions from both
Canadian and U.S. segments
EPS growth of 25.2% in second quarter
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Significant sales growth in Canada and strong performance in the U.S.
o Systemwide sales(2) grew 9.2% on a constant currency basis
o 6.4% increase in same-store sales in Canada
o 3.1% increase in same-store sales in the U.S.
Strong consolidated operating income gain of 16.1% with solid contributions from both
Canadian and U.S. segments
EPS growth of 25.2% in second quarter
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Wynn dealers appeal ruling over tip sharing
As expected, Wynn casino dealers have appealed to overturn Nevada Labor Commissioner Michael Tanchek’s July ruling declaring that Steve Wynn can legally force dealers to share tips with supervisors.
Attorneys for the dealers filed a petition for judicial review with the Clark County District Court on Tuesday.
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Attorneys for the dealers filed a petition for judicial review with the Clark County District Court on Tuesday.
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Why causing big debt has not cost Fertittas control of Station Casinos
The Fertitta family may well end up running the Station Casinos empire it founded, even after putting more than $6 billion in debt onto the company in 2007 as the economy worsened and sending it into bankruptcy.
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Paris' "magnificent seven" hotels see return of the super-rich
The top Paris hotels have long regarded themselves as a leading indicator of the financial health of the world's estimated 10 million millionaires, and in 2008, after the start of the world banking crisis, they feared the worst as occupancy slumped, with some suites standing empty for days at a time. Even the super-wealthy contented themselves with an "ordinary" room at the Ritz or George V at about €700 (£575) a night.
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Sol Melia opens in Atalnta
A Spanish hospitality firm that is a major player in Europe, Latin America and the Caribbean plans to put its first U.S. flag in Atlanta.
Sol Meliá Hotels & Resorts will take over the management and flag of the 502-room Renaissance Atlanta Hotel Downtown.
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Sol Meliá Hotels & Resorts will take over the management and flag of the 502-room Renaissance Atlanta Hotel Downtown.
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Marriott International announces leadership positions for Asia Pacific, Middle East and Africa
Marriott International has announced further steps in the company's global strategy to establish continental divisions in Asia Pacific and the Middle East and Africa with two key leadership appointments. Simon F. Cooper has been named President & Managing Director, Asia Pacific, and will be responsible for leading the operating performance and growth of the region which includes more than 130 properties and 70 hotels under development represented by The Ritz-Carlton, JW Marriott, Marriott, Renaissance, Courtyard and Marriott Executive Apartments brands.
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Red Robin Gourmet Burgers Reports Earnings for the Fiscal Second Quarter 2010
Financial and Operational Results
Results for the 12 weeks ended July 11, 2010, compared to the 12 weeks ended July 12, 2009, are as follows:
Restaurant revenue of $198.0 million was unchanged from the prior year.
Company-owned comparable restaurant sales decreased 1.2% and guest counts increased 0.9%. Restaurant-level operating profit decreased 7.0% to $36.2 million.
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Results for the 12 weeks ended July 11, 2010, compared to the 12 weeks ended July 12, 2009, are as follows:
Restaurant revenue of $198.0 million was unchanged from the prior year.
Company-owned comparable restaurant sales decreased 1.2% and guest counts increased 0.9%. Restaurant-level operating profit decreased 7.0% to $36.2 million.
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Ark Restaurants Announces Financial Results for the Third Quarter 2010
NEW YORK, New York -- August 13, 2010 -- Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the third quarter and nine month periods ended July 3, 2010.
Total revenues for the three month period ended July 3, 2010 were $35.2 million versus $31.1 million in the same period last year. Total revenues for the nine month period ended July 3, 2010 were $85.9 million versus $81.7 million in the same period last year.
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Total revenues for the three month period ended July 3, 2010 were $35.2 million versus $31.1 million in the same period last year. Total revenues for the nine month period ended July 3, 2010 were $85.9 million versus $81.7 million in the same period last year.
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J. Alexander annonces results for second quarter 2010
• Net sales increased 4.7% to $36,336,000 from $34,710,000.
● Average weekly same store sales per restaurant advanced 4.7%.
• The loss before income taxes was $357,000 compared to a loss before income taxes of $1,431,000 in the second quarter of 2009.
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● Average weekly same store sales per restaurant advanced 4.7%.
• The loss before income taxes was $357,000 compared to a loss before income taxes of $1,431,000 in the second quarter of 2009.
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Sbarro, Inc. Announces Results of Operations for the Second Quarter and Six Months Ended June 27, 2010
MELVILLE, N.Y.--(BUSINESS WIRE)--Sbarro, Inc. (the “Company”) announced results of operations for the second quarter and six months ended June 27, 2010. The Company’s detailed results are included in its Quarterly Report on Form 10-Q, which was filed with the SEC on August 11, 2010. Second Quarter Financial Results Revenues were $76.1 million for the quarter ended June 27, 2010 as compared to revenues of $80.1 million for the quarter ended June 28, 2009.
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