Tuesday, November 23, 2010

Turkey's Madımak Hotel seized by court

A local court in the Anatolian province of Sivas has ordered the confiscation of the Madımak Hotel, where 37 people, mostly Alevis, were killed in 1993 in a fire started by an Islamic mob, news agencies reported Tuesday.

Read More:

Hong Kong to host eye-watering 900 US dollar meal

HONG KONG — Famously relaxed with conspicuous consumption, Hong Kong is set to host a dinner costing nearly 7,000 Hong Kong dollars (902 US dollars) per head, according to one of the city's hotels.
US-born chef Thomas Keller is being flown in by the Mandarin Oriental to cook for 450 diners -- in what the hotel says will be Hong Kong's most expensive meal this year.
A top-priced, 11-course dinner during Keller's November 29 to December 2 stay will set gourmands back 6,888 HK dollars each, excluding service. Slightly more frugal diners can enjoy lunch for just over 2,000 HK dollars.

Read More:

15 Tunes Hotels to be Opened in London, UK

A group of experienced investors have formed a new company, Raag Hotels Limited ("the Company"), with committed initial equity capital of £38m, to develop a chain of budget hotels in London operating under the Tune brand. The Company has exclusive rights to operate Tune Hotels' franchised properties in London and plans to acquire or develop 15 Tune Hotels providing 1500 rooms and investing over £100 million in the business over the next 5-7 years.
Read More:

Former Singapore hotel manager sentenced to jail, caning

SINGAPORE: A former general manager of Hotel Grand Central was sentenced to jail and caning on Tuesday for various offences including molest and forgery.

Forty-five-year-old Tan Hwa Kok was also fined for accepting a bribe and intentionally helping the management of a Marina Square Chinese restaurant employ two foreigners without valid work permits.

Read More:

Can Italian Coffee Major Push Starbucks Into A Corner?

There has been a widespread wall street optimism especially in the Food and Beverage sector after Starbucks (SBUX: 30.40 -0.47 -1.52%) impressive quarter results announced last week, but with the coffee major has publicly announced its willingness to part ways with Kraft Foods Inc (KFT: 30.23 -0.32 -1.05%) and the upscale Italian coffee company, IllyCaffe SpA, making inroads onto Starbucks Corp.’s turf by serving coffee to well-heeled travelers in upscale hotels is now being seen as two potential moves that could shake up the single-cup coffee market in U.S. grocery stores.

Read More:

Quantitative Easing of the Economy Explained

Judge says Pittsburgh hotel can become a Wyndham

U.S. Bankruptcy Court Judge Jeffery A. Deller today cleared the way for the former Pittsburgh Hilton to become a Wyndham Grand hotel.
Lender BlackRock Financial Management Inc. had opposed the switch to Wyndham, arguing that the chain is inferior to Hilton.
The former Hilton has been struggling to make ends meet without a hotel flag, according to lawyers for Shubh Hotels Pittsburgh LLC, owner of what is now called the Grand Pittsburgh Downtown.

Read More: