Station Casinos wants ‘breathing room’ from employee wage suit

At the time of the bankruptcy filing, a lawsuit seeking class-action status was pending in Clark County District Court alleging as many as 20,000 current and former workers were shorted on pay because of a "rounding" system Station uses to track hours worked.

Read more:

Starbucks VIA Ready Brew Arrives

SEATTLE--(BUSINESS WIRE)--Tomorrow, Starbucks Coffee Company (NASDAQ: SBUX - News) launches its breakthrough Starbucks VIA™ Ready Brew at all U.S. locations, expanding upon the company’s coffee expertise and leadership. Starbucks VIA™ is 100 percent natural roasted arabica coffee in an instant form that is rich and full bodied just like a fresh-brewed cup of Starbucks® coffee. Starbucks VIA™ is made with a proprietary, U.S. patent-pending microgrind technology to preserve the coffee’s taste, quality and freshness.

Read more:

Pizza Inn, Inc. Reports Results for Fiscal Year 2009

THE COLONY, Texas, Sept. 23, 2009 (GLOBE NEWSWIRE) -- Pizza Inn, Inc. (Nasdaq:PZZI) today reported net income of $1.2 million, or $0.14 per share, for the fiscal year ended June 28, 2009, versus net income of $2.8 million, or $0.29 per share, for the prior fiscal year. The $0.15 difference in earnings per share is driven primarily by two factors. Due to a change in the availability and use of its net loss carryforwards, the Company reported tax expense of $0.5 million in fiscal year 2009 compared to a tax benefit of $0.1 million in fiscal year 2008, representing $0.07 of the earnings per share difference

Read more:

JKF Airport hotel to close in December

The Port Authority of New York and New Jersey, which owns the 478-room hotel, is closing it on Dec. 1. The agency will put out a request for proposal to redevelop the property, which was built decades ago and needs a big makeover.
The agency took over the hotel in November 2008. It brought in Highgate Holdings to operate it for one year. The Dallas-based hotel investor and operator, controls some 5,000 hotel rooms in the city, including the Park Central and Doubletree Metropolitan hotels.

Read more:

Hyatt Assures New Jobs for Displaced Boston Workers

BOSTON--(BUSINESS WIRE)--All housekeepers affected by August staff reductions at the three Hyatt hotels in Boston will be offered new full-time positions in the Boston market. The jobs, which will be provided by an affiliate of United Service Companies, will match the employees’ previous Hyatt rate of pay through the end of 2010. The Boston Hyatt hotels will extend healthcare coverage through March 31, 2010 for the employees who choose to accept positions with United Service Companies, after which they will have the option to obtain health care benefits through their new employer.

Read more:

Luminar shares plunge on profit warning

Luminar, the UK’s largest nightclub owner, issued a stark profit warning today, after rising job losses among young people put a dampener on party spirits.
The company, which is responsible for the Liquid and Oceana chains, warned that there was a "significant risk" it would not meet full-year profit expectations in February 2010, after half-year sales fell 5.9 per cent in the 26 weeks to August 27 compared with the same period last year.

Read more:

Langham Hotels to make debut in the Caribbean

Luxury hotelier Langham Hotels International has signed a deal for a new resort in the Bahamas. Langham Place Resort & Spa, Port St George, Bahamas, is slated to open by 2013.

Read more:

Tavern on the Green Employees Plan Rally Against New Labor Plan

The scene has been set for the next phase of the unfolding labor drama surrounding New York City's storied Tavern on the Green. At 2:45 p.m. tomorrow, a group of Tavern employees and their supporters - a crowd that could number in the hundreds - will gather outside the restaurant to protest the revised labor contract proposed by restaurateur Dean Poll, who will take over the Central Park landmark's operating license next year. According to recent coverage in The New York Times, Poll's proposal would nullify most of the provisions of the current contract.

Read more:

STR Global posts August 2009 results for Europe

The European hotel industry posted decreases in year-over-year results when reported in U.S. dollars, euros and British pounds for August 2009, according to data compiled by STR Global.

Read more:

STR Global posts August 2009 results for Asia/Pacific

In year-over-year measurements, the Asia/Pacific region’s occupancy dropped 3.3 percent to 63.3 percent; ADR declined 24.7 percent to US$117.22; and RevPAR fell 27.1 percent to US$74.18

Read more:

STR Global posts Middle East/Africa August 2009 results

The region’s occupancy dropped 18.2 percent to 59.2 percent; ADR decreased 3.7 percent to US$133.31; and RevPAR decreased 21.2 percent to US$78.89

Read more:

Le Meridien, Expands Its International Presence with Its First Hotel in Central America

Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced the opening of Le Meridien Panama, the European rooted hotel brand's first property in Central America. Set in the heart of Panama's cosmopolitan capital city, Le Meridien Panama, owned by developers Bern Hotels & Resorts Panama, is a modern, contemporary building located on the edge of the Bay of Panama

Read more:

Vail Resorts Reports Fiscal 2009 Results and 2010 Outlook

Fiscal 2009 Highlights
-- Resort Reported EBITDA, which includes the Company's Mountain and
Lodging segments, of $171.1 million in Fiscal 2009 decreased $59.6
million, or 25.8%, from the prior year.
-- Real Estate Reported EBITDA of $44.1 million in Fiscal 2009 decreased
$1.9 million, or 4.0%, from the prior year.
-- Net income of $49.0 million in Fiscal 2009 decreased $54.0 million, or
52.4%, from the prior year.
-- Net Debt leverage ratio of 1.96 times trailing twelve months Total
Reported EBITDA, $69.3 million of cash and cash equivalents on hand as
of July 31, 2009, and no revolver borrowings under the Company's
$400 million senior credit facility.

Read more:

Punch Taverns puts 300 pubs up for sale

LONDON, Sep 25 (Reuters) - Britain's biggest pubs group, Punch Taverns on Friday said it had put more than 300 of its worst performing pubs up for sale.
Punch, which set up a turnaround unit for underperforming pubs earlier this year, has appointed property agent Christie to sell the sites.

Read more:

Investors Pledge Funds to Buy Troubled European Hotels

A group of investors is pooling up to $739.7 million to buy troubled European hotels in the belief that the hospitality market is poised for a rebound. Avingstone Financial has earmarked its intention to buy a series of hotels across European over the next two years.

Read more: