Marriott International has announced further steps in the company's global strategy to establish continental divisions in Asia Pacific and the Middle East and Africa with two key leadership appointments. Simon F. Cooper has been named President & Managing Director, Asia Pacific, and will be responsible for leading the operating performance and growth of the region which includes more than 130 properties and 70 hotels under development represented by The Ritz-Carlton, JW Marriott, Marriott, Renaissance, Courtyard and Marriott Executive Apartments brands.
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Sunday, August 15, 2010
Red Robin Gourmet Burgers Reports Earnings for the Fiscal Second Quarter 2010
Financial and Operational Results
Results for the 12 weeks ended July 11, 2010, compared to the 12 weeks ended July 12, 2009, are as follows:
Restaurant revenue of $198.0 million was unchanged from the prior year.
Company-owned comparable restaurant sales decreased 1.2% and guest counts increased 0.9%. Restaurant-level operating profit decreased 7.0% to $36.2 million.
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Results for the 12 weeks ended July 11, 2010, compared to the 12 weeks ended July 12, 2009, are as follows:
Restaurant revenue of $198.0 million was unchanged from the prior year.
Company-owned comparable restaurant sales decreased 1.2% and guest counts increased 0.9%. Restaurant-level operating profit decreased 7.0% to $36.2 million.
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Ark Restaurants Announces Financial Results for the Third Quarter 2010
NEW YORK, New York -- August 13, 2010 -- Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the third quarter and nine month periods ended July 3, 2010.
Total revenues for the three month period ended July 3, 2010 were $35.2 million versus $31.1 million in the same period last year. Total revenues for the nine month period ended July 3, 2010 were $85.9 million versus $81.7 million in the same period last year.
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Total revenues for the three month period ended July 3, 2010 were $35.2 million versus $31.1 million in the same period last year. Total revenues for the nine month period ended July 3, 2010 were $85.9 million versus $81.7 million in the same period last year.
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J. Alexander annonces results for second quarter 2010
• Net sales increased 4.7% to $36,336,000 from $34,710,000.
● Average weekly same store sales per restaurant advanced 4.7%.
• The loss before income taxes was $357,000 compared to a loss before income taxes of $1,431,000 in the second quarter of 2009.
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● Average weekly same store sales per restaurant advanced 4.7%.
• The loss before income taxes was $357,000 compared to a loss before income taxes of $1,431,000 in the second quarter of 2009.
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Sbarro, Inc. Announces Results of Operations for the Second Quarter and Six Months Ended June 27, 2010
MELVILLE, N.Y.--(BUSINESS WIRE)--Sbarro, Inc. (the “Company”) announced results of operations for the second quarter and six months ended June 27, 2010. The Company’s detailed results are included in its Quarterly Report on Form 10-Q, which was filed with the SEC on August 11, 2010. Second Quarter Financial Results Revenues were $76.1 million for the quarter ended June 27, 2010 as compared to revenues of $80.1 million for the quarter ended June 28, 2009.
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Saturday, August 14, 2010
WePay Wants to Simplify Group Payments
The hardest part of helping organize my coming high school reunion — aside from devising ways to break the ice with old crushes and rivals — is collecting money from the alumni for tickets.
A new start-up in Palo Alto called WePay, is hoping to solve that problem by making it much easier to accept payments from a large group of people.
The company allows users to set up group accounts on the Web site for a specific purpose or event, such as collecting money from a large outing like a bachelor party to divvying up living expenses among roommates. The administrator of the group can set the amount, due date and other details and send out a bill, or request for payment.
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A new start-up in Palo Alto called WePay, is hoping to solve that problem by making it much easier to accept payments from a large group of people.
The company allows users to set up group accounts on the Web site for a specific purpose or event, such as collecting money from a large outing like a bachelor party to divvying up living expenses among roommates. The administrator of the group can set the amount, due date and other details and send out a bill, or request for payment.
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Thursday, August 12, 2010
New York’s Only Landmarked Arby’s Calls It Quits
It was hailed as the most beautiful Arby’s in the world, but perhaps it was just too lovely to last. The fast-food chain restaurant that opened January within the landmarked location of Gage & Tollner, once one of the Brooklyn’s most venerable eateries, has closed down.
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Frequent diner faked seizures to skip out of restaurant bills
He ate buffalo wings and drank nine Blue Moon drafts at Burke's Cafe. At Shucker's, he washed down a pound of steamed shrimp with three glasses of Tanqueray Gin, two Coronas, a Heineken and a Johnny Walker Black Label scotch.
Day after day, year after year, Andrew Palmer dined at restaurants all over Baltimore and beyond, including Anne Arundel, Baltimore and St. Mary's counties. He even traveled as far south as Florida and sampled restaurants there.
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Day after day, year after year, Andrew Palmer dined at restaurants all over Baltimore and beyond, including Anne Arundel, Baltimore and St. Mary's counties. He even traveled as far south as Florida and sampled restaurants there.
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Wendy's/Arby's Net Falls 28% as Sales Decline
Wendy's/Arby's Group Inc.'s second-quarter earnings fell 28% with same-store sales at both Wendy's and Arby's declining.
The company plans to combat the decline by focusing on lower prices. Wendy's will market Frosty desserts and spicy chicken nuggets for 99 cents each, in part to coincide with the back-to-school period where consumers are more frugal.
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The company plans to combat the decline by focusing on lower prices. Wendy's will market Frosty desserts and spicy chicken nuggets for 99 cents each, in part to coincide with the back-to-school period where consumers are more frugal.
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Brazil: boom-time for hotels
Armed with expanding credit and rising incomes, Brazilians are spending more – and that includes on travel. Demand for domestic flights surged in the first half of 2010, while hotel rates are also up.
“More and more Brazilians are travelling and spending money on hotels”, Ricardo Mader, executive vice president of Jones Lang LaSalle Hotels, an investment services group, told beyondbrics.
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“More and more Brazilians are travelling and spending money on hotels”, Ricardo Mader, executive vice president of Jones Lang LaSalle Hotels, an investment services group, told beyondbrics.
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Federal stimulus revives $130M Mall of America hotel plan
BLOOMINGTON, Minn. — The federal stimulus package is allowing the Mall of America to revive its long-delayed plan for an upscale $130 million hotel.
The 2009 federal stimulus bill made tax-exempt bonding authority available to Hennepin County for qualified construction projects that can get under way quickly. The Bloomington Port Authority wants to issue $40.3 million in tax-exempt bonds for the project.
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The 2009 federal stimulus bill made tax-exempt bonding authority available to Hennepin County for qualified construction projects that can get under way quickly. The Bloomington Port Authority wants to issue $40.3 million in tax-exempt bonds for the project.
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Owner of Tibets Yak Hotel get life in prison
BEIJING — One of Tibet's richest businessmen has been sentenced to life in prison for helping exile groups, a human rights organization said Thursday, the latest case in a surprising crackdown on well-known Tibetans once praised by Chinese authorities.
Dorje Tashi was sentenced on June 26 in Lhasa, the Tibetan capital, said Urgen Tenzin, director of the India-based Tibetan Center for Human Rights and Democracy.
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Dorje Tashi was sentenced on June 26 in Lhasa, the Tibetan capital, said Urgen Tenzin, director of the India-based Tibetan Center for Human Rights and Democracy.
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Wednesday, August 11, 2010
New plan for Century Plaza hotel adds two 46-story towers
After backing down from a contentious proposal to demolish the Hyatt Regency Century Plaza hotel, the owner has unveiled plans to construct a high-rise real estate development next to the Space Age landmark that would transform the tenor of Century City's streets and dramatically alter the skyline.
The $1.5-billion proposal calls for two 46-story skyscrapers holding hundreds of condominiums and offices to be built behind the renowned hotel on Avenue of the Stars. Nearly half of the guest rooms would be replaced by luxury condos as part of a top-to-bottom makeover.
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The $1.5-billion proposal calls for two 46-story skyscrapers holding hundreds of condominiums and offices to be built behind the renowned hotel on Avenue of the Stars. Nearly half of the guest rooms would be replaced by luxury condos as part of a top-to-bottom makeover.
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Jailed in Dubai, Accused Wait Long After Good Times Have Gone
Not long ago, British businessman Ryan Cornelius was living the high life, doing deals out of Bahrain and taking his family big-game fishing on his yacht and on safari in Kenya. He’s now into his third year in a Dubai jail cell, yet to be convicted of anything.
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Sea Island Co. to file Chapter 11, sell properties
Sea Island Co., operator of the famed Georgia coastal resort since the 1920s, will file for bankruptcy protection today and announce a deal to sell most of its assets, according to the company’s top executive.
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