Hard Rock Hotel continues to face financial problems

Financial problems continue to plague the Hard Rock Hotel in Las Vegas, its management company announced Wednesday.
"Unless the market improves markedly, or the joint venture generates additional liquidity, there is a risk to (our) equity position and management agreement, which may be terminated by the lenders in the event of foreclosure," Morgan Hotels Group Co., manager of the Hard Rock and a minority investor, said in its third-quarter earnings report.

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Chipotle Will Open Asian-Inspired Concept

A small team from Chipotle Mexican Grill led by founder, chairman, and co-CEO Steve Ells is working on an Asian restaurant concept that follows the Chipotle model. The company plans to open one Asian-inspired restaurant in 2011.

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Man posing as valet swipes SUV Downtown

A woman thought a man posing as a valet attendant at a Downtown hotel would park her sport utility vehicle, but instead he took her -- and the SUV -- for a ride. It's a scheme Pittsburgh police said they hadn't seen before Wednesday night. Police found the vehicle undamaged yesterday on Chauncey Drive in the Hill District and were trying to identify the thief.

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Cross-Dresser Arrested in Omni Hotel Murder

Police have arrested a 22-year-old cross-dresser for the murder of a Chester County man who was found dead by firefighters inside a burning Old City hotel room last Saturday.

Police say that Herman Burton, a man who dresses as a woman, allegedly entered 49-year-old Patrick Brady's room at the Omni Hotel between Friday night and Saturday morning, robbed and strangled him, then set his room on fire to cover up the crime.

Brady's body was found by firefighters Saturday as they tended to the blaze.

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Sunstone Hotel Investors Reports Results for Third Quarter 2010

ALISO VIEJO, Calif., Nov. 4, 2010 /PRNewswire via COMTEX/ -- Sunstone Hotel Investors, Inc. today announced results for the third quarter ended September 30, 2010.

RevPAR and hotel EBITDA margin information presented reflect the Company's 30 hotel comparable portfolio on a pro forma basis (excludes the Royal Palm Miami Beach).
Third Quarter 2010 Operational Results:
Total revenue was $177.7 million.
Comparable Portfolio RevPAR was $108.07.
Income available to common stockholders was $18.3 million.
Income available to common stockholders per diluted share was $0.19.
Adjusted EBITDA was $38.9 million.
Pro forma Adjusted EBITDA was $34.5 million.

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Red Lion Hotels Reports Third Quarter 2010 Results

SPOKANE, Wash., Nov. 4, 2010 /PRNewswire via COMTEX/ -- Red Lion Hotels Corporation /quotes/comstock/13*!rlh/quotes/nls/rlh (RLH 7.96, +0.03, +0.33%) , a western U.S.-based owner and franchisor of midscale hotels, today announced its results for the third quarter ended September 30, 2010.

Overview:
Third quarter RevPAR for owned and leased hotels increased 8.3% year-over-year; RevPAR up 3.9% year-to-date
ADR at owned and leased hotels up 5.8%, outpacing U.S. trends
EBITDA from continuing operations declined $0.3 million to $12.4 million while hotel operating margin was 31.5%, reflecting costs of growth initiatives

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