Friday, June 19, 2009

New TARP regulations highlight need for polices, controls, reporting

Here is an update

Sunstone Hotel Investors Announces the Sale of the Marriott Riverside, California for Gross Proceeds of $19.3 Million

So the CEO states

Art Buser, President and Chief Executive Officer, stated, "The sale of the Marriott Riverside demonstrates our ability to monetize non-core assets at an attractive valuation in a very challenging transaction environment.

So the hotel was sold at 10.1 times 2009 EBITDA. Yes its a good multiple, but in a DOWN year. The hotel sold for $66K per room?

Check out the web site http://www.marriott.com/hotels/travel/ralmc-riverside-marriott/
It says "newly renovated rooms"

Wyndham Worldwide CFO Wilson departing

KFC grilled chicken coupon holders file lawsuit, allege 'bait and switch'

This is good

Wyndham Worldwide Reiterates Second Quarter and Full Year Guidance

Hotels increasingly charge extra fees

 Developer sues Marriott over $90M in overruns on San Antonio resort

Thursday, June 18, 2009

IFRS - The Coming Convergence

Hospitality Properties to sell 15 million shares

Carnival Profit Falls on Discounts, Costs Tied to Swine Flu

PF Chang's China Bistro Inc. (PFCB): Zacks Rank Buy

Parents of slain Mass. deliveryman sue Domino's

Japanese Robo-Chefs to Feed, Replace Us All

This is how you reduce payroll. . .

Dunn Bros Coffee Named One of the AllBusiness AllStar Top 300 Franchises of 2009

Marston’s to raise £176m to accelerate pub development