Dubai-based Emaar Properties is denying reports that it is pulling out of a plan to develop a $600 million resort and residential project on the Indonesian island of Lombok.
In March 2008 Emaar signed a joint venture deal with the Bali Tourism Development Corporation to build the project, one of the first ventures into Indonesia by a Middle East developer. Emaar announced plans for a 1,200 hectare development, including a marina and golf course on the island, which is about 25 miles from Bali.
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Wednesday, August 18, 2010
Japan Hotelier Plans Tiny 640-Room Hotel in Queens, New York
Hotel rooms at $100 a night in metro New York? Forget it. But wait. Here comes scrabble-like named hotelier Toyoko Inn Co. The hotelier plans to build a 640-room tower in the Queens borough market of Long Island City.
The 200-square-foot rooms will have no frills, no nighttime chocolates on the pillow and will cost only $100 a night.
By comparison, the average size room in New York City is 325 feet and the average rate in the first half of this year was $209.42, according to Smith Travel Research.
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The 200-square-foot rooms will have no frills, no nighttime chocolates on the pillow and will cost only $100 a night.
By comparison, the average size room in New York City is 325 feet and the average rate in the first half of this year was $209.42, according to Smith Travel Research.
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Nazarian: Bringing L.A. To South Beach
Los Angeles hotel-and-nightclub entrepreneur Sam Nazarian finally is getting closer to debuting his hotel brand in South Beach, Fla., thanks to a $65 million recapitalization.
Mr. Nazarian, known mostly for his glitzy L.A. nightclubs like Area, MI-6 and Hyde Lounge, bought the 132-room former Ritz Plaza in 2004 with plans to convert it into a hot spot for the ultratrendy under his SLS hotel brand. But the review process took longer than expected, and then it was delayed by the recession.
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Mr. Nazarian, known mostly for his glitzy L.A. nightclubs like Area, MI-6 and Hyde Lounge, bought the 132-room former Ritz Plaza in 2004 with plans to convert it into a hot spot for the ultratrendy under his SLS hotel brand. But the review process took longer than expected, and then it was delayed by the recession.
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Hotel worker who stole $114,000 spared jail
A hotel worker who defrauded her employers of more than £76,000, which she "frittered away", has been spared jail.
Jill Calder was ordered to perform 300 hours of community service, having pleaded guilty to embezzling the money while working as a purchase ledger manager at North British Trust Hotels in Edinburgh.
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Jill Calder was ordered to perform 300 hours of community service, having pleaded guilty to embezzling the money while working as a purchase ledger manager at North British Trust Hotels in Edinburgh.
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Buffalo Wild Wings® Announces Canadian Expansion Plans
MINNEAPOLIS--(BUSINESS WIRE)--Buffalo Wild Wings® (NASDAQ: BWLD - News) today announced its intention to expand into the Canadian marketplace with a five-year plan that will see more than 50 company-owned and franchised restaurants open across the country. Southern Ontario will be home to the first two locations slated for spring 2011, including the corner of Taunten Road and Harmony Road in Oshawa, and a second location in Mississauga.
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Singapore Casinos Could Rival Las Vegas By 2012
SINGAPORE—Singapore's nascent casino sector could rival that of the Las Vegas strip in the next two years as Asian gamblers opt for the newer resorts closer to home over the traditional casino center.
Forecasters are already looking to upgrade their expectations for the industry following better-than-expected second-quarter results for Genting Singapore's Resorts World Sentosa, one of two casino-resorts in the city state.
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Forecasters are already looking to upgrade their expectations for the industry following better-than-expected second-quarter results for Genting Singapore's Resorts World Sentosa, one of two casino-resorts in the city state.
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Highland Hospitality explores bankruptcy
Financial woes at the 27-hotel chain, with holdings scattered from the Ritz-Carlton in downtown Atlanta to the Hilton Boston Back Bay, already have sparked maneuvering for control of Highland between JER Partners, Mr. Robert's private-equity firm, and some of the creditors that include Wells Fargo & Co., Barclays PLC, Prudential Financial Inc. and Ashford Hospitality Trust.
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