Lexington County, SC (WLTX) - Lexington County deputies have arrested a woman they say embezzled $70,000 from the Radisson Hotel on Bush River Road.
Denise McCray, 33, turned herself over to deputies Friday on a charge of breach of trust with fradulent intent.
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Saturday, May 8, 2010
Nudist Hotel a "Turkey"?
A hotel in Turkey, billed as the Muslim world's first nudist hotel, was forced to close six days after it opened.
The BBC reported the 64-room resort on the Turkish Riviera shut after an inspection found that one of its balconies did not conform to the architect's drawings.
The hotel owner hopes to modify the balcony in order to re-open by Wednesday.
The resort offers guests the opportunity to strip off around the pool, or to take a special shuttle bus to a private beach where nudity is tolerated.
The BBC reported the 64-room resort on the Turkish Riviera shut after an inspection found that one of its balconies did not conform to the architect's drawings.
The hotel owner hopes to modify the balcony in order to re-open by Wednesday.
The resort offers guests the opportunity to strip off around the pool, or to take a special shuttle bus to a private beach where nudity is tolerated.
It's Time to Check Out of Hotel Stocks
GROWING OPTIMISM ABOUT A REVIVAL OF business and leisure travel has made Wall Street crazy for hotel stocks that investors abandoned in late 2008 and early 2009. Really crazy, based on the shares' valuation.
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Ruth's Hospitality Group, Inc. Revises First Quarter 2010 Financial Results
HEATHROW, Fla., May 07, 2010 (BUSINESS WIRE) --Ruth's Hospitality Group, Inc. (NASDAQ: RUTH) today reported a revision to its unaudited financial results for the first quarter ended March 28, 2010. The Company updated its earnings release dated April 30, 2010 to include a pre-tax $0.6 million reduction to interest expense which increased net income available to preferred and common shareholders to $6.5 million for the period. This change is related to the treatment of deferred financing costs associated with the Company's recent debt amendment.
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Friday, May 7, 2010
20 questions: Sol Kerzner, Kerzner International
The son of Jewish immigrants, Sol Kerzner, 74, grew up in a poor Johannesburg suburb. In 1979, after building a number of successful resorts, he embarked on his most ambitious - Sun City. It became a popular destination, attracting musicians such as Queen, Elton John and Ray Charles. In 1985, it sparked controversy when it became the focus of Artists United Against Apartheid, a music-industry activist group. He sold it at the end of the 1980s. He has since developed resorts in the Bahamas, Mexico, the Maldives and Mauritius. In 2008, he opened Atlantis, a 1,500-room resort on the Palm in Dubai.
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Choice could buy, develop brands and assets
LAS VEGAS—Choice Hotels International remains on the hunt for an upscale full-service brand to complement its existing 10-brand lineup while also trying to launch a funding program to jump-start a slow development pipeline hampered by the economy.
Steve Joyce, Choice’s president and CEO, said during a media briefing held in conjunction with the company’s 56th annual convention that the company is aggressively trying to increase its portfolio, which already numbers more than 6,000 hotels worldwide.
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Steve Joyce, Choice’s president and CEO, said during a media briefing held in conjunction with the company’s 56th annual convention that the company is aggressively trying to increase its portfolio, which already numbers more than 6,000 hotels worldwide.
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Thursday, May 6, 2010
Lawsuit: Bedbugs at Dubuque hotel
A Black Hawk County, Iowa, woman said she was seriously, painfully and permanently injured in a bedbug attack while staying at a Dubuque hotel.
Cassandra Cory filed suit Monday at the Dubuque County Courthouse against Dubuque Extended Stay Hotel, LLC, which operates the hotel in question -- MainStay Suites Hotel, 1275 Associates Drive.
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Cassandra Cory filed suit Monday at the Dubuque County Courthouse against Dubuque Extended Stay Hotel, LLC, which operates the hotel in question -- MainStay Suites Hotel, 1275 Associates Drive.
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Nationalise pubs? Well, why not
All three major parties have pledged to "save the pub", two parties have come out with separate pub manifestos. As the election neared the Labour government even thought it would be a good idea to create the first minister for pubs.
The cynic might dismiss this as pre-election flimflam, meant to impress voters that politicians really do care about what ordinary people care about.
The pub is a safe, sexy topic. Everyone loves pubs, even if they don’t use them, so politicians must love pubs too. Even if they haven’t the faintest clue about how the industry works.
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The cynic might dismiss this as pre-election flimflam, meant to impress voters that politicians really do care about what ordinary people care about.
The pub is a safe, sexy topic. Everyone loves pubs, even if they don’t use them, so politicians must love pubs too. Even if they haven’t the faintest clue about how the industry works.
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Hospitality Technology Announces 2010 Hotel Visionary Award Winners:
(Market Wire Via Acquire Media NewsEdge) RANDOLPH, NJ -- (MARKET WIRE) -- 04/22/10 -- Each year, Hospitality Technology (HT) magazine presents a select group of lodging companies with its Hotel Visionary Awards. These awards honor hotel companies for their outstanding vision and achievement in technology and service innovation. Winning companies are chosen based on their vision and execution; consideration is given to size, resources and individual market segment benchmarks to ensure that companies from across the lodging industry are recognized for their efforts. The 2010 Hotel Visionary Awards go to: Courtyard by Marriott, JHM Hotels, and CityCenter.
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Mandarin Owners See A Recovery
Istithmar World has no shortage of issues: It lost a Times Square office building to foreclosure and is trying to regain the foreclosed W Union Square hotel. Its embattled chief executive departed in January. And its parent, Dubai investment arm Dubai World, is trying to restructure $22 billion of debt.
Amid that upheaval, there's one trophy property that Istithmar refuses to part with despite the hefty costs of keeping it: the ritzy, 248-room Mandarin Oriental hotel in Manhattan's Time Warner Center.
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Amid that upheaval, there's one trophy property that Istithmar refuses to part with despite the hefty costs of keeping it: the ritzy, 248-room Mandarin Oriental hotel in Manhattan's Time Warner Center.
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Workers protest ‘fake’ green initiatives
New green initiative being touted as environmentally friendly at three Toronto hotels are bogus, and do little to “conserve natural resources” as the hotels claim, according to hotel workers.
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Huntington Hotel for sale
San Francisco's "iconic" Huntington Hotel, along with the Galleria Park and Carmel's La Playa Hotel and Cottages-by-the-Sea, are to be sold, according to San Francisco's Holliday Fenoglio Fowler LP, which is handling the transaction.
The seller is Nob Hill Properties of San Francisco.
"These are generational hotels that have not been available to investors for more than 50 years," said HFF managing director Michael Leggett, in a press release.
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The seller is Nob Hill Properties of San Francisco.
"These are generational hotels that have not been available to investors for more than 50 years," said HFF managing director Michael Leggett, in a press release.
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Red Lion Hotels Reports First Quarter 2010 Results
SPOKANE, WA, May 5, 2010 - Red Lion Hotels Corporation (NYSE: RLH), a western U.S.-based owner and franchisor of midscale hotels, today announced its results for the first quarter ended March 31, 2010.
Highlights:
RevPAR for owned and leased hotels increased 4.9% year-over-year driven by sales initiatives
ADR held steady year-over-year in spite of industry rate discounting
Occupancy increased 220 basis points year-over-year in the first quarter
EBITDA before special items was in-line with the prior year
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Highlights:
RevPAR for owned and leased hotels increased 4.9% year-over-year driven by sales initiatives
ADR held steady year-over-year in spite of industry rate discounting
Occupancy increased 220 basis points year-over-year in the first quarter
EBITDA before special items was in-line with the prior year
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Domino's Pizza to Enter Germany
ANN ARBOR, Mich., May 6 /PRNewswire-FirstCall/ -- Domino's Pizza (NYSE:DPZ - News), the recognized world leader in pizza delivery, will enter Germany by completing a Master Franchise Agreement with the founder of Grand City Property Group and Grand City Hotels. Plans are to start in Berlin, and grow throughout the entire country.
Mr. Yakir Gabay, the founder of the Berlin-based group, manages more than 3,000 residential units and 1 million square feet of commercial property in Germany, as well as more than 80 hotels. As the leader of Grand City Hotels, Mr. Gabay has overseen the company's rapid expansion to become the second largest hotel operator in Germany. This unique and valuable experience will be leveraged with the aggressive development of the Domino's Pizza Brand across Germany.
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Mr. Yakir Gabay, the founder of the Berlin-based group, manages more than 3,000 residential units and 1 million square feet of commercial property in Germany, as well as more than 80 hotels. As the leader of Grand City Hotels, Mr. Gabay has overseen the company's rapid expansion to become the second largest hotel operator in Germany. This unique and valuable experience will be leveraged with the aggressive development of the Domino's Pizza Brand across Germany.
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Hyatt Reports First Quarter 2010 Results
FIRST QUARTER 2010
Adjusted EBITDA was $112 million compared to $91 million in the first quarter of 2009, an increase of 23.1% (21.3% excluding the effect of currency). Adjusted EBITDA benefited from an approximately $8 million settlement related to a vacation ownership property.
Net income attributable to Hyatt was $5 million, or $0.03 per share, compared to net income attributable to Hyatt of $14 million, or $0.11 per share, in the first quarter of 2009. Net income attributable to Hyatt included a favorable impact from special items of $5 million after-tax, or $0.03 per share, during the first quarter of 2010 compared to a favorable impact of $10 million after-tax, or $0.08 per share, during the first quarter of 2009. See the table on page 3 of the accompanying schedules for a summary of special items.
Comparable owned and leased hotels RevPAR increased 9.8% (8.1% excluding the effect of currency) compared to the first quarter of 2009.
Owned and leased hotel operating margins increased 150 basis points compared to the first quarter of 2009. Comparable owned and leased hotel operating margins increased 220 basis points compared to the same period in 2009. See the table on page 8 of the accompanying schedules for a reconciliation of comparable owned and leased hotel operating margins to owned and leased hotel operating margins.
Comparable North American full-service RevPAR decreased 2.2% compared to the first quarter of 2009. Comparable North American select-service RevPAR increased 2.6% compared to the first quarter of 2009.
Comparable International RevPAR increased 18.7% (9.6% excluding the effect of currency) compared to the first quarter of 2009.
The Company opened 10 properties.
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Adjusted EBITDA was $112 million compared to $91 million in the first quarter of 2009, an increase of 23.1% (21.3% excluding the effect of currency). Adjusted EBITDA benefited from an approximately $8 million settlement related to a vacation ownership property.
Net income attributable to Hyatt was $5 million, or $0.03 per share, compared to net income attributable to Hyatt of $14 million, or $0.11 per share, in the first quarter of 2009. Net income attributable to Hyatt included a favorable impact from special items of $5 million after-tax, or $0.03 per share, during the first quarter of 2010 compared to a favorable impact of $10 million after-tax, or $0.08 per share, during the first quarter of 2009. See the table on page 3 of the accompanying schedules for a summary of special items.
Comparable owned and leased hotels RevPAR increased 9.8% (8.1% excluding the effect of currency) compared to the first quarter of 2009.
Owned and leased hotel operating margins increased 150 basis points compared to the first quarter of 2009. Comparable owned and leased hotel operating margins increased 220 basis points compared to the same period in 2009. See the table on page 8 of the accompanying schedules for a reconciliation of comparable owned and leased hotel operating margins to owned and leased hotel operating margins.
Comparable North American full-service RevPAR decreased 2.2% compared to the first quarter of 2009. Comparable North American select-service RevPAR increased 2.6% compared to the first quarter of 2009.
Comparable International RevPAR increased 18.7% (9.6% excluding the effect of currency) compared to the first quarter of 2009.
The Company opened 10 properties.
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