Marriott International Inc. announced that it has signed a deal to acquire the Delta Hotels and Resorts brand and management and franchise business from a subsidiary of British Columbia Investment Management Corp. for $168 million. Delta Hotels & Resorts is one of Canada’s largest hotel operators with 38 hotels and 10,000 rooms in more than [...]
InterContinental Hotels Group (IHG) has agreed to acquire Kimpton Hotels & Restaurants Group for $430m in cash, making this the group’s first acquisition in a decade. Kimpton, which was established in 1981 in San Francisco, is the largest independent boutique-hotel operator in the world, managing 62 hotels across the US with a further 16 in [...]
As the gambling Mecca – Atlantic City, continues to batter from the recent string of casino closures and bankruptcies, several investors have lined up to make a bid in hopes to restore the image of the city, including a Florida developer who has made a $90 million bid for one. Court papers recorded on Wednesday [...]
The Sultan of Brunei has made an offer for New York’s Plaza Hotel, Dream Hotel and London’s Grosvenor House hotel; it was accounted for last week, referring to individuals acquainted with the matter. According to the reports, a venture firm which has been affiliated with Brunei has offered to pay $2 billion for the three [...]
In a discreet advisory distributed by the US Secret Service, owners of various hotel businesses have been quietly cautioned of the on-going incidents of malware slingers that are progressively focusing on PCs in hotel business centers in order to gather sensitive information. In a secret, non-public advisory, which was issued last Thursday and publicized by [...]
The concept of eco-friendly tourism is growing in worldwide. More and more travelers want to contribute to the conservation and preservation of the environment, thus are place an accent on eco-friendly practices of hotels they stay in. With the peak of travel season around the world, it’s important to know the shift in traveler’s conscience [...]
Mexican food chain, Chipotle recently announced that it would raise prices for the first time in three years. Chipotle Chief Financial Officer, Jack Hartung during the quarterly earnings call on April 17th said that “We plan to increase prices on average somewhere in the mid-single digits. We expect we will start installing the menu boards with [...]
World’s First Carbon-Neutral Hotel Group – a great case study of Environmentally Conscious Entrepreneurship
Born in a family entrepreneurs and healthcare personnel with an inherited entrepreneurial lore, Kristen Brøchner’s philosophy in life is straightforward – if you value ethics in your business, the money will follow automatically. Arthur Hotel Group byproduct of Brøchner Hotels a family owned business running since 1982. In June 2013 when due to generational change [...]
When traveling, it is always important to book a comfortable, efficient, and welcoming hotel that helps you relax and makes you feel like home. Radisson Blu, the upper scale brand for Radisson Hotels, not only gathers the entire previous criterion but also adds a couple of stars.
New Restaurant Trends!
Since this year is about to reach it’s end all kinds of trends for the upcoming year are popping out constantly, including everything you can imagine. With no doubt there are 2014 trends for eating out as well. If you want to know what kind of service or food to expect in next year among restaurants, next lines could be your cheat sheet.
They officially separated in March 2011, this Tuesday that cost Starbucks 2.76 billion dollars. Besides Starbucks stock fell $1.20, or 1.5 percent, to $79.41, all together Starbucks seriously lost bucks. Hopefully future development of events will be more positive for world’s most popular coffee place and this lost won’t jeopardize any of the employees, reaching now more than 150.000.
McDonald’s on Thursday, revealed plans to offer customers the choice of a salad, fruit or vegetable as substitutes for french fries in its value meals at no extra cost. It will roll out the change in the U.S market in 2014. McDonald’s said it would endorse only water, milk and juice rather than soft drinks for Happy Meals on its menu boards and in advertising.
Staying away from French fries to avoid weight gain? Not anymore, Burger king launches Satisfry. A low calorie and low fat Fries, which will not let you, avoid your urges for eating out. Burger King has been doing different innovations and creativity with the salads in the menu but this is for the first time the experiment is done on healthy Fries.
McDonald’s the world’s most popular hamburger chain is getting into the chicken wing business. After several months of testing in Chicago, McDonald’s is preparing for a nationwide rollout of its “Mighty Wings” next month, the company has confirmed.
After a long and checkered history, Little Chef, the Britain’s 55-year-old restaurant chain, is back in the hunt for new owners. Home-grown fast-food and coffee-shop retail chains, including Costa Coffee, McDonald’s Corp. and KFC, are in the race to own the prime real estate – Little Chef.
James Packer, who is ranked in the top 200 richest people in the world, has ambitious plans of expanding his gambling empire. These days he is vitally interested in expanding in Sri Lanka as the small India Ocean island is considered a perfect place for a casino hub.
Dubai aims high as it has announced its plans to build the world’s biggest shopping mall and tallest hotel, not to mention gardens that are said to be larger than London’s Hyde Park. Dubai revives its property projects which have been postponed due to the global financial crisis. And it is not surprising that Dubai wants everything to be big as it always aims at showing off. So its big comeback is not unexpectedly revolving around the business of biggest.
McDonald’s Corp., the world’s biggest fast-food chain, posted a fall in global sales figures. According to a statement, the company saw the first drop in sales in almost 10 years. Certainly McDonald’s is struggling to keep growing amid unsteady global economic conditions.
Mitchells & Butler, the pubs and restaurant group, has announced Alistair Darby a new CEO after an 18-month search. The long search came to an end; however the newly appointed CEO, Alistair Darby, is said to have been poached by the pubs and restaurant group from its rival Martson’s. Mr. Darby had worked there as chief operating officer.