Red Robin Gourmet Burgers Reports Earnings for the Fiscal Second Quarter 2009

Financial and Operational Highlights
Highlights for the 12 weeks ended July 12, 2009, compared to the 12 weeks ended July 13, 2008, are as follows:
-Total revenues decreased 2.6% to $201.1 million.
-Restaurant revenue decreased 2.4% to $198.0 million.
-Company-owned comparable restaurant sales decreased 11.5%.
-Restaurant-level operating profit decreased 6.0% to $35.6 million.
-GAAP diluted earnings per share were $0.41 vs. $0.49 in the same period a year ago, which included a $0.03 charge for reacquired franchise costs and related acquisition integration expenses in the fiscal second quarter of 2008.

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STR reports US pipeline for July 2009

HENDERSONVILLE, Tennessee—The total active U.S. hotel development pipelineincludes 4,554 projects with 487,831 rooms, according to the July 2009 STR/TWR/Dodge Construction Pipeline Report released this week. This represents a 26.2-percent decrease in the number of rooms in the total active pipeline compared to July 2008. The total active pipeline data includes projects in the In-Construction, Final Planning and Planning stages, but does not include projects in the Pre-Planning stage.

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http://www.hotelnewsnow.com/articles.aspx?ArticleId=1696

Sbarro, Inc. Announces Results of Operations for the Second Quarter and Six Months Ended June 28, 2009

Net loss attributable to Sbarro, Inc. for the quarter ended June 28, 2009 was $6.5 million as compared to a net loss of $5.0 million for the quarter ended June 29, 2008. The increase was primarily the result of a $3.2 million increase in tax expense in the quarter as compared to the second quarter of 2008. Without consideration for taxes, net loss decreased approximately $1.7 million, or 21%.

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Flanigan's Reports 3rd Quarter Earnings

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BOB EVANS ANNOUNCES FIRST-QUARTER RESULTS

Chairman and Chief Executive Officer Steve Davis said effective cost management enabled the Company to meet its first-quarter operating income goals, despite significant top-line challenges. “The restaurant segment continues to improve its profitability due to lower cost of sales and well-controlled labor costs, even with negative sales relative to the prior year,” Davis said. “This improvement more than offset the food products segment’s operating income decline, which was due primarily to a 51 percent year-over-year increase in sow costs.

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http://www.bobevans.com/investors/default.aspx

Blackstone denies Hilton split rumours

Hilton's private equity owner, the Blackstone Group, has denied rumours that the hotel giant is to be broken up in a bid to realise its value.
A spokesman for Blackstone said the plans, reported last week in the Independent, were "categorically untrue". However, speculation remains rife as to how the private equity firm can claw back its lost value ahead of its repayment deadlines in three or four years.

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http://www.caterersearch.com/Articles/2009/08/12/329180/blackstone-denies-hilton-split-rumours.html

Atlantic City casinos drop to bargain-basement prices amid recession, mountains of debt

In recent weeks, the Tropicana Casino and Resort was sold for $200 million of deeply discounted debt. This week, Donald Trump, his daughter Ivanka and Dallas-based Beal Bank reached a deal to pay $100 million for all three casinos owned by Trump Entertainment Resorts, subject to bankruptcy court approval.
The sales are yet another symptom of the woes facing the casino industry nationwide.
Atlantic City and Las Vegas have been hard hit by the economic downturn, which has led gamblers to keep a tight rein on their wallets.

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http://finance.yahoo.com/news/Distressed-NJ-casinos-selling-apf-927501296.html?x=0&.v=1

Disney Hotel Workers Overwhelmingly Vote to Reject Disney’s Latest Contract Proposal

A majority of Disney hotel workers voted to reject Disney's most recent contract proposal that would have made health insurance largely unaffordable for many of the workers employed at the three Disney owned hotels. The final count in yesterday's vote was 1,076 votes to reject Disney's latest contract proposal to 86 votes in favor of the contract proposal. 2,100 Disney hotel workers employed as restaurant servers, dishwashers, housekeepers, front desk agents, and bellmen at the three Disneyland Hotels, Paradise Pier Hotel, Disneyland Hotel, and Grand California Hotel, have been working without a union contract since February 2008. In their latest contract offer Disney proposed to increasingly shift the cost of health insurance to its employees and create a new "casual regular" status for employees who average less than 30 hours a week. "Casual regular" workers would be ineligible for health insurance benefits.

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http://ehotelier.com/hospitality-news/item.php?id=P16852

European Hotel Valuation Index - 2009

-2008 has proven to be the precursor of a new world order that seems to be emerging from the ongoing financial turmoil.
-The year started with hotel sector performance holding up, it continued with more subdued growth rates and finished with storm clouds gathering apace.
-During the last quarter, the European hotel industry experienced growing signs of weakening trading performance, due to a downsizing in business travel and customer spending. Serious operational cost cutting and deferment of refurbishment plans also started in earnest

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http://ehotelier.com/downloads/pdf/european_hotel_valuation_index_2009.pdf

Largest hotel chain: 'We can't see any sign of recovery'

LONDON (Reuters) -- InterContinental Hotels, the world's biggest hotelier, said a recovery for the industry might be two years away after reporting first-half profit that fell but beat forecasts.

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http://money.cnn.com/2009/08/11/news/companies/intercontinental_recovery.reut/index.htm?postversion=2009081106

InterContinental Hotels issues half year trading report

Business headlines

• Global constant currency first half RevPAR decline of 16.2%, with a second quarter decline of 18.6%. IHG’s brands outperformed the industry in each of its three regions.
• 9,849 net rooms (117 hotels) added in the first half, taking system size to 629,700 rooms (4,303 hotels), up 5% year on year.
• 26,956 rooms (229 hotels) added to the system, 17,107 rooms (112 hotels) removed in line with our quality growth strategy.
• 22,754 rooms (159 hotels) signed, taking the pipeline to 226,248 rooms (1,599 hotels).
• On track to exceed 2009 targeted cost reductions with first half reported regional and central costs $51m below 2008 levels.
• Net debt of $1.3bn held broadly flat on the position at 31 December 2008.
• Interim dividend maintained at 12.2¢, equivalent to 7.3p at the closing exchange rate on 7 August 2009.
• Exceptional operating charges of $201m include $162m of non-cash asset impairment charges.

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http://www.ihgplc.com/index.asp?pageid=57&newsid=2330

Noble Roman's Announces Second Quarter 2009 Earnings

INDIANAPOLIS, Aug. 10 /PRNewswire-FirstCall/ -- Noble Roman's, Inc. (OTC Bulletin Board: NROM), the Indianapolis based franchisor of Noble Roman's Pizza and Tuscano's Italian Style Subs, today announced results for the quarterly period ended June 30, 2009. Net income was $415,234 or $.02 per share basic and diluted, on weighted average number of common shares outstanding of 19.4 million and diluted weighted average shares of 19.9 million. This was a 5.0% increase in net income over the quarterly period ended June 30, 2008 of $395,307, or $.02 per share basic and diluted, on weighted average number of common shares outstanding of 19.2 million, and diluted weighted average shares of 20.3 million. Total revenues for the quarterly period ended June 30, 2009 were $1.9 million compared to total revenues of $2.4 million for the comparable period in 2008.

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McDonald's Reports Global Comparable Sales up 4.3% in July

OAK BROOK, Ill., Aug. 10 /PRNewswire-FirstCall/ -- McDonald's Corporation announced today that global comparable sales rose 4.3% in July and by segment increased as follows:
- U.S. up 2.6%
- Europe up 7.2%
- Asia/Pacific, Middle East and Africa up 2.1%
"We remain aligned behind our customer-focused Plan to Win, which continues to drive positive global comparable sales as we satisfy customers' demands for menu variety, value and convenience," said Chief Executive Officer Jim Skinner.

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The Steak n Shake Company Reports Fiscal Third Quarter 2009 Results

INDIANAPOLIS, Aug. 10 /PRNewswire-FirstCall/ --The Steak n Shake Company (NYSE: SNS) announces its results for its third fiscal quarter 2009, which ended July 1, 2009. Net earnings for the third quarter of fiscal year 2009 were $3.8 million, or $0.13 per diluted share, contrasted to a net loss of ($9.8 million), or ($0.35) per diluted share in the third quarter of fiscal year 2008. Last year's third quarter loss included $8.7 million, or $0.31 per diluted share, net of tax impairment charges related to underperforming restaurants.

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Caribbean Hotel Profits Hit Hard by Economic Recession

ATLANTA, Aug. 10 /PRNewswire/ -- PKF Hospitality Research (PKF-HR), an affiliate of PKF Consulting, announced today that, according to its newly released 2009 edition of Caribbean Trends(R) in the Hotel Industry, the average Caribbean hotel saw bottom-line profits decline 16.0 percent in 2008. The report concludes that the global economic recession was the primary driver of the double-digit profit decline. Given the poor market conditions observed this year, further profit deterioration is expected in 2009.

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