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  • Feb 4- Real estate investment trust Hersha Hospitality Trust said it would sell seven hotels in Manhattan for $571.4 million to a joint venture it is setting up with China's Cindat Capital Management Ltd.. The hotels include the Holiday Inn Express Times Square, the Candlewood Suites Times Square, the Hampton Inn Chelsea and the Holiday Inn Wall Street.

  • Hersha sells seven Manhattan hotels for $571.4 mln Thursday, 4 Feb 2016 | 8:34 AM ET

    Feb 4- Real estate investment trust Hersha Hospitality Trust said it would sell seven hotels in Manhattan to a joint venture it will set up with China's Cindat Capital Management Ltd for $571.4 million. The hotels include Holiday Inn Express Times Square and Holiday Inn Wall Street. Cindat will hold a 70 percent stake in the joint venture, while Hersha will have a...

  • NEW YORK— Dunkin' Donuts, feeling squeezed by a discounting fight in the fast-food industry, is planning to jump into the game with its own deals. Wendy's, for instance, launched a "4 for $4" deal in October, which Burger King later one-upped with a "5 for $4" offer. He compared the situation to politics, noting that presidential candidates such as Donald Trump and Bernie...

  • SHANGHAI, Feb 4- Yum Brands Inc, the home of KFC and Pizza Hut, is falling behind rival McDonald's Corp as the pair battle to revive flagging sales in China- a headache for Yum as it looks to spin off operations in its biggest market. A Reuters analysis of same-store sales data suggests McDonald's is recovering faster in China than larger rival Yum as both seek to...

  • DUBAI, Feb 4- An investment firm led by one of Dubai's top businessmen, Mohamed Alabbar has agreed to buy a controlling stake worth $1.7 billion in Kuwait Food Co, from Kuwait's al-Kharafi family. Americana, which owns the Middle East franchises for popular fast food chains KFC and Pizza Hut as well as producing a range of branded consumer foods for markets...

  • COLUMBUS, Ohio— The Columbus airport is joining its counterparts nationwide in training employees to recognize signs of human trafficking in an effort to curb exploitation. Beginning this month, all 400 employees at Port Columbus International Airport will view a 30- minute video on spotting signs of trafficking. The awareness campaign in Columbus joins...

  • Feb 3- KFC owner Yum Brands Inc, which is spinning off its China business, reported worldwide system sales rose in the fourth quarter, helped by strong sales in China. Yum Brands said worldwide system sales jumped 6 percent in the quarter. Sales at established restaurants in China rose 2 percent, beating analysts average estimate of an increase of 1.9 percent,...

  • Feb 3- Yum Brands Inc, which is spinning off its China business, reported sales at established restaurants rose more than expected in the fourth quarter, helped by strong sales at KFC China. Sales at established restaurants in China rose 7 percent, with KFC China's same-store sales increasing 6 percent. Yum had said in October it plans to spin off its dominant China...

  • Yum's sales mixed in China, climb in US Wednesday, 3 Feb 2016 | 4:36 PM ET

    LOUISVILLE, Ky.— Yum Brands on Wednesday reported mixed quarterly results for its troubled China unit, which the company is spinning off. The Louisville, Kentucky company said sales rose 6 percent at established KFC restaurants in China, while its Pizza Hut sales fell 8 percent. "The marketplace has affected casual dining sales in general, which has had an impact on...

  • Feb 3- KFC owner Yum Brands Inc, which is spinning off its China business, reported sales at established restaurants rose more than expected in the fourth quarter, helped by strong sales in China. Global sales at established stores open for more than a year jumped 6 percent in the quarter, handily beating analysts average estimate of 1.80 percent, according to...

  • Soon we'll see how much America runs on Dunkin Wednesday, 3 Feb 2016 | 3:06 PM ET
    Dunkin' Donuts

    As Dunkin' Donuts faces continuing challenges from growing competitors, analysts hold little hope for turnaround.

  • Intrawest Resorts reports 2Q loss Wednesday, 3 Feb 2016 | 6:45 AM ET

    DENVER _ Intrawest Resorts Holdings Inc. on Wednesday reported a loss of $27.3 million in its fiscal second quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 61 cents per share. Intrawest Resorts shares have climbed 7 percent since the beginning of the year.

  • The 10 best hotels in America are... Tuesday, 2 Feb 2016 | 2:51 PM ET
    ARIA Sky Suites in Las Vegas, NV

    Looking for a holiday getaway or just a swanky vacation destination? Look no further.

  • As Chipotle reported continuing sales declines on Tuesday, the embattled chain also said the scope of a previously disclosed federal criminal investigation has widened beyond a single restaurant in California. Previously, it had said it was served a subpoena in relation to a California restaurant, where there was a norovirus outbreak over the summer.

  • US firm in China meat scandal disputes court's verdict Tuesday, 2 Feb 2016 | 12:13 AM ET

    HONG KONG— A U.S. meat supplier is disputing a Chinese court's verdict that its local subsidiary sold expired chicken and beef to McDonald's, KFC and other fast food restaurants in China. OSI Group of Aurora, Illinois also said that it's considering appealing what it called an "unjust verdict" by a Shanghai court Monday to fine two of its Chinese units and sentence...

  • FORT LAUDERDALE, Fla.— Running concierges, a hotel mini bar stocked with produce from the local farmers market and a training wall that comes standard in every room. The luxury gym Equinox is even opening its own hotel in New York. The number of hotels with fitness facilities jumped from 63 percent in 2004 to 84 percent in 2014, according to a study by the American...

  • CDC- 2 OUTBREAKS RELATED TO SHIGA TOXIN-PRODUCING ESCHERICHIA COLI O26 INFECTIONS LINKED TO CHIPOTLE MEXICAN GRILL RESTAURANTS APPEAR TO BE OVER.

  • NEW YORK— Centers for Disease Control and Prevention says E. coli outbreak at Chipotle restaurants appears to be over, CDC closing investigation.

  • LOS ANGELES— Cheap gas prices are good for summer vacationers, especially those taking road trips. That's one of the reasons that Steve Joyce, CEO of Choice Hotels, is optimistic about this year. The Rockville, Maryland company has 6,300 hotels with more than 500,000 rooms under brands including Comfort Inn, Clarion, EconoLodge and Rodeway Inn.

  • HONG KONG, Jan 29- McDonald's Corp plans to launch in China this year 150 outlets where clients can customize burgers to suit their tastes, as the world's top restaurant chain aims to grow sales in the country after being hit by a fast-food scandal in 2014.. The U.S. burger chain currently has 11 such outlets on the mainland, including in Shanghai, Guangzhou, Shenzhen...