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Monday, January 24, 2011
Sales of Hooter's Restaurants completed
ATLANTA,( Hospitality Business News) Jan. 24, 2011 -- Today, Hooters of America, Inc. "HOA" announced the completion of a transaction which transfers ownership of the company from the estate of Robert H. Brooks who passed in 2006 into the hands of a consortium of private investors, including Chanticleer Holdings, Inc. (OTC Bulletin Board: CCLR) "Chanticleer". Simultaneous with this transaction the investor group will also acquire Texas Wings, Inc., the largest franchisee of HOA. The two businesses will come together to strengthen the Hooters brand worldwide.
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Man Dies in Fall From Hotel in Midtown New York
A 23-year-old man died Sunday when he apparently fell from a fourth-floor landing at the Pennsylvania Hotel in midtown Manhattan, police said.
Moon G. Nam, of Jersey City, apparently became lost when he returned to the hotel, where he had spent the night with two friends, at about 6:00 a.m. to retrieve his cellphone that he forgot in his room, a law enforcement official with knowledge of the case said. He said surveillance video shows Mr. Nam taking a freight elevator to the fourth floor where he followed exit signs to the landing. Investigators believe he was looking for a fire escape or leaning over the guardrail when he fell.
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Moon G. Nam, of Jersey City, apparently became lost when he returned to the hotel, where he had spent the night with two friends, at about 6:00 a.m. to retrieve his cellphone that he forgot in his room, a law enforcement official with knowledge of the case said. He said surveillance video shows Mr. Nam taking a freight elevator to the fourth floor where he followed exit signs to the landing. Investigators believe he was looking for a fire escape or leaning over the guardrail when he fell.
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Innkeepers USA Trust up for sale
Innkeepers USA Trust, a real-estate investment trust that owns more than 70 hotels, is shopping for investors or outright buyers to take the firm out of bankruptcy-court protection, said people familiar with the matter.
Innkeepers bankers have contacted some 70 potential investors and are readying for a prolonged auction to pick a bidder to finance the company's bankruptcy exit, the people said.
Innkeepers is likely to attract investors who work with creditors to restructure the hotel company's debt, the people said. But Innkeepers is also essentially putting itself up for sale, looking for buyers who would take control of the company in an all-cash bid, the people said. Innkeepers runs hotels under brands including Marriott, Hyatt and Hilton in 19 states and the District of Columbia.
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Innkeepers bankers have contacted some 70 potential investors and are readying for a prolonged auction to pick a bidder to finance the company's bankruptcy exit, the people said.
Innkeepers is likely to attract investors who work with creditors to restructure the hotel company's debt, the people said. But Innkeepers is also essentially putting itself up for sale, looking for buyers who would take control of the company in an all-cash bid, the people said. Innkeepers runs hotels under brands including Marriott, Hyatt and Hilton in 19 states and the District of Columbia.
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Argentina woman survives 23-storey hotel fall
A young woman has survived after falling from the 23rd floor of a hotel in the Argentine capital, Buenos Aires.
Her fall was broken by a taxi, whose driver got out moments before the impact crushed the roof and shattered the windscreen.
Eyewitness said the woman had climbed over a safety barrier and leapt from a restaurant at the top of the Hotel Crown Plaza Panamericano.
She was taken to intensive care for treatment for multiple injuries.
The woman, who has not been named, is reported to be an Argentine in her 20s.
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