Dean Poll, who was selected last week to operate the restaurant where Tavern on the Green stands, expects to wrap up his negotiations and sign a contract with the city within six weeks.
“I'm not anticipating any surprises,” said the restaurateur, who also runs the Boathouse eatery in Central Park.
Read more:
Thursday, September 3, 2009
The Hard Rock and Morgans Hotel Group Are Named in Wrongful Death Lawsuit
A new lawsuit charges that the operator of the Hard Rock resort in Las Vegas shares liability for the 2007 drug overdose death of a hotel executive's girlfriend by consenting to the executive's promiscuous and drug-abusing lifestyle.
The lawsuit, filed Friday in Las Vegas by family members of 23-year-old Michelle Hatchel, contains numerous revelations and allegations about her death including:
Read more:
The lawsuit, filed Friday in Las Vegas by family members of 23-year-old Michelle Hatchel, contains numerous revelations and allegations about her death including:
Read more:
Sonesta Announces Contract to Sell Key Biscayne Property
BOSTON, Sept. 2, 2009 (GLOBE NEWSWIRE) -- Sonesta International Hotels Corporation (Nasdaq:SNSTA - News) (the "Company") announced today that SBR-Fortune Associates LLLP (the "Partnership"), the partnership in which its wholly-owned subsidiary is a 50% limited partner, has entered into a contract to sell the land and improvements formerly comprising Sonesta Beach Resort, in Key Biscayne, Florida (the "Property"), for a price of $78 million. The buyer is a real estate developer based in Argentina
Read more:
Read more:
US Hotel Industry Recession Enters New Rate Erosion Phase
2009 will likely rank as one of the worst years for the United States hospitality industry in modern history. The week of June 27, this drop off entered a dangerous new phase – when compared to the same week, year over year, the national hotel average room rate began to fall more rapidly on a percentage basis than the average hotel occupancy percentage. This trend has now continued over the past eight weeks.
Read more:
Read more:
Admiral Taverns to sell pubs worth £4.4m to cut debt
Admiral Taverns has placed 20 pubs on the market to the value of £4.4m in order to tackle mounting debts.
The pubs, worth £4.325m, are located across the country from Wiltshire to Oxfordshire and the North East and include the Swan Inn in Woolaston, Gloucestershire, which dates back to 1815.
Read more:
The pubs, worth £4.325m, are located across the country from Wiltshire to Oxfordshire and the North East and include the Swan Inn in Woolaston, Gloucestershire, which dates back to 1815.
Read more:
Las Vegas Sands plans exchangeable bonds sale
Las Vegas Sands Corp. said Wednesday that it plans to raise up to $600 million in proceeds from an exchangeable bonds sale, as the casino operator looks to boost its liquidity.
The Sheldon Adelson-led company said it will be mandatory for the bonds to be exchanged into common stock of one of its units pending its Hong Kong IPO. A subsidiary of Las Vegas Sands submitted an application to the Hong Kong Stock Exchange for a potential listing late last month.
Read more:
The Sheldon Adelson-led company said it will be mandatory for the bonds to be exchanged into common stock of one of its units pending its Hong Kong IPO. A subsidiary of Las Vegas Sands submitted an application to the Hong Kong Stock Exchange for a potential listing late last month.
Read more:
Hotel Stocks Set to Catch Swine Flu
Just in time for back to school, new swine flu fears have suddenly returned. And like the lingering infection itself, the H1N1 virus is one that just won't seem to go away.
In fact, according to a 68-page report released last week, about half of all Americans can look forward to a brush with the swine flu this winter, while 1.8 million will likely end up with a trip to the hospital from exposure.
That's the good news.
Read more:
In fact, according to a 68-page report released last week, about half of all Americans can look forward to a brush with the swine flu this winter, while 1.8 million will likely end up with a trip to the hospital from exposure.
That's the good news.
Read more:
Restaurants Improve in July
A recent survey by the National Restaurant Association revealed a marginal improvement in the Restaurant Performance Index (RPI) for the month of July 2009. The index rose 0.3% to 98.1 from June.
The index has remained below 100 for 21 consecutive months. An index of more than 100 would indicate that the restaurant industry is in an expansion phase, whereas below 100 would indicate that the industry is scaling back its development plans and is in contraction.
Read more:
The index has remained below 100 for 21 consecutive months. An index of more than 100 would indicate that the restaurant industry is in an expansion phase, whereas below 100 would indicate that the industry is scaling back its development plans and is in contraction.
Read more:
How many minutes to earn the price of a Big Mac?
An alternative Big Mac index
Aug 20th 2009From Economist.com
How many minutes to earn the price of a Big Mac?
THE size of your pay packet may be important, but so is its purchasing power. Helpfully, a UBS report published this week offers a handy guide to how long it takes a worker on the average net wage to earn the price of a Big Mac in 73 cities. Fast-food junkies are best off in Chicago, Toronto and Tokyo, where it takes a mere 12 minutes at work to afford a Big Mac. By contrast, employees must toil for over two hours to earn enough for a burger fix in Mexico City, Jakarta and Nairobi.
Aug 20th 2009From Economist.com
How many minutes to earn the price of a Big Mac?
THE size of your pay packet may be important, but so is its purchasing power. Helpfully, a UBS report published this week offers a handy guide to how long it takes a worker on the average net wage to earn the price of a Big Mac in 73 cities. Fast-food junkies are best off in Chicago, Toronto and Tokyo, where it takes a mere 12 minutes at work to afford a Big Mac. By contrast, employees must toil for over two hours to earn enough for a burger fix in Mexico City, Jakarta and Nairobi.
Wednesday, September 2, 2009
New York to shed more light on hotel tax for resellers
With questions remaining about New York’s recently passed hotel remarketer’s tax, the city said it will provide further guidance "on or shortly after Sept. 1," the day the law goes into effect.
The hotel remarketer tax will require any reseller of a New York hotel room to remit a tax based on the full amount paid by the customer, including service fees and charges.
A representative of the city’s finance department said a statement of audit procedure will provide more information about the law.
Read more:
The hotel remarketer tax will require any reseller of a New York hotel room to remit a tax based on the full amount paid by the customer, including service fees and charges.
A representative of the city’s finance department said a statement of audit procedure will provide more information about the law.
Read more:
Maryland hotelier to buy Resort at Singer Island from WCI
RIVIERA BEACH — The owner of the posh Resort at Singer Island said today it's selling the trophy property to a Maryland hotelier.
When Bonita Springs-based WCI Communities opened the $210 million oceanfront resort in 2007, it touted the property as a posh alternative to high-end hotels in Palm Beach.
Read more:
When Bonita Springs-based WCI Communities opened the $210 million oceanfront resort in 2007, it touted the property as a posh alternative to high-end hotels in Palm Beach.
Read more:
Questions spur quick policy switch on bedbug inspections at hotels
Lucio Serradas' first sign of trouble came when he and his family awoke during their Christmas vacation last year to discover smears of fresh blood, the size of small coins, on the sheets at their Daytona Beach motel.He suspected it was from bedbugs — a scourge once nearly eradicated that has re-emerged nationally in the past decade. After Serradas, his wife and their two children broke out in itchy rashes back home in Attleboro, Mass., he complained to Florida regulators. "I beg you," he wrote, "to please do something about this."
Read more:
Read more:
Hotel boss in Bulgaria siphoned off 10 million leva (7.3M US$) in VAT
Arben Havalyov, who owns the Casa Domini hotel and is linked to Movements for Rights and Freedoms leader Ahmed Dogan, participated in a scheme to siphon off more than 10 million leva in value-added tax (VAT), Sofia’s deputy city prosecutor, Bozhidar Djambazov, said.
Read more:
Read more:
Foulridge accountant (63) jailed for £30,000 fraud
A HIGHLY-trusted accountant from Foulridge who stole nearly £30,000 while working at a hotel near Chorley has been jailed for 20 months.
Norman Hetherington paid cash directly to himself or through suppliers' accounts while employed at the Pines Hotel, Clayton-le-Woods
Read more:
Norman Hetherington paid cash directly to himself or through suppliers' accounts while employed at the Pines Hotel, Clayton-le-Woods
Read more:
