Sunday, November 14, 2010

Seven killed in Mexico hotel blast

Five Canadians are among the seven people killed in an apparent natural gas explosion at a resort in Playa del Carmen, authorities say.
Two Mexican workers were also killed in the blast Sunday morning at the 676-room Grand Riviera Princess Hotel in the tourist region known as the Mayan Riviera, said Francisco Alor, attorney general of Quintana Roo state.
Eight other Canadians were injured, including two who are listed in critical condition. Ten other people, including two U.S. citizens and eight Mexican employees of the hotel, suffered less serious injuries and were listed as stable.

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Hotel to be built Debt Free in New York City

The new hostelry is being developed with financial backing from Brack Capital Real Estate, which was behind the recently opened James New York Hotel in SoHo. The project is being funded with $50 million in equity coming directly from Brack Capital, as well as from private investors. There will be no debt used.
Brack recently purchased 218-222 W. 50th St. for an undisclosed price and entered into a 99-year ground lease with a partner—a company that has developed several hotels in Europe and wishes to remain unnamed—to develop the 78,000-square-foot hotel. The site is currently occupied by a parking garage.

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Ritz comes `home' to Singer Island

The luxury hotel brand this month put its iconic sign on the former 2700 North Ocean condo on Singer Island, transforming the property into the Ritz-Carlton Residences, Singer Island, Palm Beach.
The move follows the June purchase of 146 unsold units by Lionheart Capital, a joint venture between Miami and New York real estate entities. Lionheart paid developer Dan Catalfumo $120 million for the unsold 2700 North Ocean units, making this deal the most expensive bulk condo sale in South Florida history.

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Travelodge Signs GBP24 Million Deal

LONDON -(Dow Jones)- U.K. hotel chain Travelodge said Sunday that it signed exchange of contracts worth GBP24 million for two new hotels next to the MEN arena in Manchester and the NEC in Birmingham, and the company plans further expansion near major venues and stadiums.
The announcement Sunday follows recent deals near London Excel, the Liverpool Echo Arena and the Metro Radio Arena in Newcastle.

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McDonald's and PepsiCo to help write UK health policy


Eating a McDonald's burger
 Photograph: Murdo Macleod
for the Guardian

The Department of Health is putting the fast food companies McDonald's and KFC and processed food and drink manufacturers such as PepsiCo, Kellogg's, Unilever, Mars and Diageo at the heart of writing government policy on obesity, alcohol and diet-related disease, the Guardian has learned.
In an overhaul of public health, said by campaign groups to be the equivalent of handing smoking policy over to the tobacco industry, health secretary Andrew Lansley has set up five "responsibility deal" networks with business, co-chaired by ministers, to come up with policies. Some of these are expected to be used in the public health white paper due in the next month.

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Sahara to buy London's Grosvenor House Hotel for 470 mn pounds

According to the Sunday Times, Royal Bank of Scotland, which took control of the property in 2001 when it paid 1.2 billion pounds for 12 Le Meridien hotels as part of a sale- and-leaseback deal, has agreed to sell Grosvenor House Hotel to Subrata Roy for a knock-down price.

The five-star hotel will be sold for about 470 million pounds, the report said.
Sahara is believed to be taking advice from consultants DTZ and Blandford Goldsmith on the real estate deal.
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Citymax Hotel Bur Dubai opens

Dubai. UAE, 14h November 2010 - Citymax Hotel, the hospitality arm of the Landmark Group, announces the opening of their second property, Citymax Hotel Bur Dubai.


Having only entered the hospitality market earlier this year with the launch of Citymax Hotel Al Barsha, the Citymax brand is quickly becoming a major market player.
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Qataris in talks on £1 billion hotels bid

Harrods owner Qatar Holding is in talks to add another clutch of trophy assets to its portfolio with a £1billion deal to buy the hotel group behind The Connaught, The Berkeley and Claridge's.
The investment arm of the Qatari royal family has appointed global real estate adviser DTZ to help handle the talks with the Maybourne Hotel Group's board. Negotiations are believed to be at an early stage.

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Saturday, November 13, 2010

Cash infusion to help keep Pittsburgh hotel afloat

The former Hilton Pittsburgh, struggling to make ends meet without a hotel flag, will get an infusion of cash to help it through the winter.
Lawyers for Shubh Hotels Pittsburgh LLC, owner of what is now called the Grand Pittsburgh Downtown, and lender BlackRock Financial Management Inc. reached agreement Friday on a $1.35 million loan to get the hotel through the next three weeks.

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Burger King's U.S. sales continue to struggle

The launch of Burger King's new breakfast menu helped drive traffic to stores during the first quarter, but it wasn't enough to turn around sales trends at U.S. restaurants.
Burger King said Wednesday that sales at restaurants in the U.S. and Canada open at least a year declined 4.2 percent for the quarter ending Sept. 30, compared to the same period last year. Worldwide same store sales declined 1.7 percent.

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San Francisco mayor vetoes 'Happy Meal' ban

SAN FRANCISCO, Nov 13, 2010 (AFP) - San Francisco Mayor Gavin Newsom has vetoed a ban on sales of McDonald’s Happy Meals with children’s toys as too intrusive.
"Parents, not politicians, should decide what their children eat, especially when it comes to spending their own money," Newsom said Friday in announcing the veto.
The city’s board of supervisors passed the legislation forbidding giveaways of toys with kids meals unless they met strict dietary criteria. McDonald’s Happy Meals, seen as the target of the ban, do not meet the board’s criteria.

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Stimulus Waste Panel Cancels Ritz-Carlton Meeting.

A panel advising the independent agency charged with rooting out waste, fraud and abuse in the stimulus plan announced Friday night that it had pulled the plug on a public meeting which was to have taken place at the Ritz-Carlton in Phoenix, Arizona.
The Washington Examiner reported on the Recovery Independent Advisory Panel’s hotel choice Thursday, calling it a “super-luxe” destination and quoting the hotel website’s boasts of a “picturesque” location, nearby shopping and golf facilities and the “casual elegance, relaxed atmosphere and uniquely inviting ambiance” of its restaurant.

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BHA Chief Executive Ufi Ibrahim to be keynote afternoon speaker at 5th Annual BAHA Hospitality Finance Conference and IT Exhibition

Hospitality Bussiness News (November 13, 2010)
There can be few better qualified and more influential industry leaders to give a keynote address on ‘Tourism – the significance for the UK economy’ at the forthcoming 5th Annual BAHA Hospitality Finance, Revenue Management and IT Professionals Conference and Exhibition, than the new Chief Executive of the British Hospitality Association (BHA).

Formerly Chief Operations Officer of the World Travel & Tourism Council (WTTC) – where she worked with governments and industry across the world, advising on policymaking and the development of planning frameworks for the long-term success of travel and tourism – BHA Chief Executive Ufi Ibrahim (see ‘Notes to Editors’ for biography) will be presenting the keynote speech kick-starting the afternoon sessions at the one-day BAHA Annual Conference on Thursday, 25 November 2010 at the Sofitel Hotel, London Heathrow at Terminal 5.

Having welcomed Prime Minister David Cameron’s speech in August which extolled the importance of tourism, the BHA Chief Executive believes it is now time to create the conditions in which the hospitality, tourism and leisure industry can grow and prosper. In this objective, she has been supported by the findings of the recently published study into ‘Economic Contribution of the UK Hospitality Industry’ – commissioned by the BHA and undertaken by Oxford Economics, which highlighted the importance of the hospitality industry to the UK economy.

The report revealed that hospitality is the UK’s fifth largest industry in job terms – employing over 2.4 million people (1 in 13 of total jobs), contributing £34 billion in gross tax revenue. It also forecasted 236,000 net additional jobs, compared to today, by 2015 – provided a supportive government framework was put in place. Achieving this is a BHA priority concern.

The study lays the base for setting BHA’s agenda and future actions, enabling the Association to lead the industry in positive partnership with government. “We are seeking a real change from the new Government so that it champions the hospitality industry through a strong partnership that benefits the BHA’s members, the wider society and the UK economy in general,” explained the BHA Chief Executive.

She believes that at a time when the Government’s spending review could lead to redundancies and job losses, the hospitality industry could become one of the key drivers of economic recovery and sustainable growth.

BAHA Chief Executive Carl Weldon is delighted to welcome Ufi Ibrahim as the keynote speaker opening the afternoon and educational workshop sessions at the Conference. “We are really pleased that Ufi can attend her first BAHA Annual Conference and Exhibition as leader of the national trade association for the hotel, food service and leisure industry. She is already making a significant mark on the industry; and her presentation is a great opportunity to remind delegates of what a fantastic profession they are part of. We wish Ufi and the BHA every success in their endeavours on the industry’s behalf.

“We totally support last month’s BHA report – entitled ‘Creating Jobs in Britain - A Hospitality Economy Proposition’, outlining what the profession has to offer the UK economy and how the Government can work in partnership with the industry to help drive economic recovery. We applaud Ufi and the BHA in challenging the Coalition Government to make an enduring commitment at the highest level to help make Britain a world-class destination for tourism and business.”

As in previous years, the Annual Conference of BAHA – the UK’s leading educational organisation for professionals involved in financial management, revenue management and IT within the hospitality industry – will be supported by a growing and increasingly influential exhibition of IT and systems suppliers. They will be providing delegates with a ‘one stop shop’ to view and interact with the latest and ‘best in class’ technologies – covering all eventualities for hospitality businesses, whether they be start-up, established independent, or multi chain-owned, operations.

For regularly updated information on prices/packages and the 2010 BAHA Conference and IT Exhibition, visit the BAHA Conference Website: www.bahaconference.co.uk .  For bookings and further details, contact Phillipa Graham and Wayne Gosden on telephone: 01202 889 430; fax: 01202 887 967; or email: admin@baha-uk.org

The Cadbury Cocoa House opens in Bluewater - the first of many retro-style cafés to come

The world-famous chocolatier, Cadbury, has launched a new brand; the first of which opened at the start of October, in the Bluewater Shopping Centre in Kent. The new venture - a high street café with a difference - is called The Cadbury Cocoa House, and Cadbury plans to open 50 cafés of this type by 2015. Several openings are planned for London in 2011.

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Lending for Some Restaurant Operators Still Gridlocked .

Financing for restaurant operators still shows signs of gridlock, as large lenders are only lending to franchisees that emerged from the downturn relatively unscathed, leaving the bulk of the operators struggling to access capital to expand, remodel stores or upgrade equipment.

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