FelCor Completes $636 Million Senior Notes Offering

IRVING, Texas--(BUSINESS WIRE)--FelCor Lodging Trust Incorporated (NYSE: FCH - News) and its subsidiary FelCor Lodging Limited Partnership (“FelCor LP”), today announced that it completed the previously announced offering of $636 million in aggregate principal amount of FelCor LP's senior secured notes

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Strategic Hotels sell enough bonds to keep New Orleans restoration plan alive

NEW ORLEANS (AP) -- The owners of the Hyatt Regency New Orleans have sold only 10 percent of the special bonds needed to help finance the hotel's post-Hurricane Katrina overhaul, but that's enough to keep a redevelopment plan alive through 2010.

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Business travel survey shows budgets for 2010 remain tight

A survey of members by the Association of Corporate Travel Executives underscores the caution prevalent in the industry. Only a quarter of respondents said they will spend more on corporate travel next year, while about half will operate at 2009 levels

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Pubcos set out 'fundamental reform' plans

The British Beer and Pub Association (BBPA) claims to have reached a binding agreement with licensee groups, the BII and the Federation of Licensed Victuallers Associations, for “fundamental reform”, which will make any further intervention by Government or competition authorities unnecessary

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Domino's Pizza Announces Third Quarter 2009 Financial Results

ANN ARBOR, Mich., Oct. 13 /PRNewswire-FirstCall/ -- Domino's Pizza, Inc. (NYSE: DPZ), the recognized world leader in pizza delivery, today announced results for the third quarter ended September 6, 2009. Net income as-reported was up 76.6% versus the prior year, driven by gains on the extinguishment of debt, improved operating margins, lower interest expense and international store growth. Year-to-date, the Company has repurchased approximately $161 million in principal amount of its long-term debt. As of the quarter end, the Company had nearly $49 million of unrestricted cash and cash equivalents.

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CKE Restaurants(R), Inc. Reports Period Nine Same-Store Sales

CARPINTERIA, Calif.--(BUSINESS WIRE)--Oct. 14, 2009-- CKE Restaurants, Inc. (NYSE: CKR) announced today period nine company-operated same-store sales for the period ended October 5, 2009, for Carl’s Jr.® and Hardee’s®.
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Punch Retreats After Posting Widened Full-Year Loss

Oct. 14 (Bloomberg) -- Punch Taverns Plc, the largest U.K. pub owner, fell the most since June in London trading after posting a widened full-year loss and taking impairment charges to reflect declining pub values.
Punch fell as much as 13 percent. The net loss was 176.4 million pounds ($282 million) in the year ended Aug. 22, from a loss of 64.7 million pounds a year earlier, the Burton upon Trent, England-based company said in a statement today. Sales declined 7.7 percent to 1.44 billion pounds.

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Hugo Chavez orders 'forced acquisition' of Hilton-run hotel on Venezuela resort island

CARACAS, Venezuela — President Hugo Chavez has ordered his government to buy a Hilton-run hotel on Venezuela's Margarita Island.
Chavez issued a decree last week ordering the "forced acquisition" of the Margarita Hilton&Suites and its marina. The president's order was reported by Venezuelan media Tuesday, after being published in the Official Gazette on Friday.

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Millennium & Copthorne Hotels signs 3 management agreement with Faruk Holding Group in Kurdistan

Sulaimaniya, Iraq, August, 2009- Faruk Group Holding finalized its agreement with Millennium & Copthorne Middle East Ltd. By signing the Hotel management and operation agreement for 3 hotels in Kurdistan, Iraq.
The agreement was signed in Sulaimaniyah during a recent visit by Millennium and Copthorne team headed by Mr. Ali Hamad Lakhraim the President and CEO of Millennium Hotels Middle East

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Papa Bello acquires Kebab Cafe

Papa Bello Enterprises Inc. has signed a letter of intent to acquire the Kebab Café, a Southern California-based concept specializing in Middle Eastern cuisine with a European twist, according to a company statement.

The Kebab Cafe currently operates a flagship location in the Westfield Mall in La Jolla, Calif., and anticipates opening up to 10 new corporately owned locations in 2010.

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Hilton Worldwide CEO sends letter to hotel owners regarding grand jury story

Hilton Worldwide CEO Christopher Nassetta penned Hilton hotel owners a six-paragraph letter Wednesday in response to the Wall Street Journal's front-page story about the convening of a federal grand jury to investigate whether Hilton committed corporate espionage.

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UK Budget hotel boom amidst recession

The UK hospitality industry is proving to be quite resilient during the recession, especially in the budget sector, according to the 2009 British Hospitality Association (BHA) annual report released this week.
Around 11,000 rooms opened in 2009 and a further 40,000 are planned for the period 2010-2015.

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Unpaid bills may deter a bid for Las Vegas Fontainebleau

The bills amount to more than likely offer; Penn National exec says building worth ‘about zero’

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Restaurants In Rebound

With earnings season getting into full swing this week, investors are looking for signs that companies can grow their sales, not just fire workers to preserve profits. Consumers, who drive much of this country’s economic growth, have mostly stayed on the sidelines, though, thanks to high unemployment and continuing home foreclosures

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Beach Hut Resorts Concept to Roll-Out Across the UK

A pilot scheme to build twenty one luxury beach huts is now to be rolled out throughout the UK in an exciting GBP35m expansion plan. Each beach hut will sleep four to six people, with a separate bedroom, fully fitted kitchen, bathroom, sitting area and 24 hour concierge service. Beach Hut Resorts have declared their first luxury beach hut development to be in WhitleyBay, offering 24 hour overnight accommodation with full service facilities, 11 months of the year

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