A member of the billionaire Tisch family has a deal in the works to invest in Brooklyn restaurant Roberta's, Eater reports. » Read More
McDonald's is targeting private equity firms for its planned sale of 2,800 restaurants in North Asia, people familiar with the matter told Reuters.
HONG KONG, April 14- McDonald's Corp is targeting private equity firms, including Bain Capital, MBK Partners, TPG Capital Management and Chinese state-backed conglomerate China Resources for its planned sale of 2,800 restaurants in North Asia, people familiar with the matter told Reuters. The U.S. fast food giant is adopting a new business model in Asia, which is...
CNBC's Robert Frank looks at The Venetian's invite-only top suite in Las Vegas.
PARIS, April 5- AccorHotels, Europe's largest hotel group, has bought British serviced home rental company onefinestay to strengthen its response to Airbnb and further expand its luxury portfolio. Onefinestay was launched in London in 2010 by four friends Greg Marsh, Demetrios Zoppos, Tim Davey and Evan Frank, who had raised about 200,000 euros from family and...
A line of hotels linked to Donald Trump is investigating a possible credit card breach, according to Krebs on Security.
April 4- Republican presidential candidate Donald Trump's string of luxury hotel properties, The Trump Hotel Collection, appears to be dealing with the second breach of its credit card systems in a year, KrebsonSecurity reported on Monday. The company was investigating the claims, the blog reported. The company could not be immediately reached.
LOS ANGELES, April 3- Nine months into a minimum wage hike at some Los Angeles hotels, city leaders and other backers of the move are claiming victory, saying doomsday forecasts from hoteliers have proven unfounded. "There have not been the wholesale layoffs or cutbacks that we were told would occur," said Los Angeles City Councilman Curren Price, who co-authored...
Discussing Anbang's dropped bid for Starwood Hotels and how it could affect real estate prices with Ken Cruse, co-founder of Alpha Wave Investors and former president & CEO of Sunstone Hotel Investors.
Anbang backed out of the Starwood bidding war because it was bringing too much attention to the company, CNBC's Jim Cramer says.
CNBC's Eunice Yoon reports the latest from Beijing about Anbang dropping their bid for Starwood Hotels.
"The most important thing for us to succeed at is the loyalty program," Marriott CEO Arne Sorenson tells CNBC.
Marriott CEO Arne Sorenson tells CNBC the hotel chain experienced "lots of cancellations" after last month's deadly Brussels terrorist attacks.
Arne Sorenson, Marriott International CEO, talks about Anbang's decision to walk away from its deal to buy Starwood Hotels and weighs in on the risks and benefits associated with the likely acquisition.
CNBC's Eunice Yoon reports on why China's Anbang Insurance Group dropped its $14 billion offer for Starwood Hotels and Resorts.
CNBC's Eunice Yoon reports the bidding war for Starwood Hotels is over after China's Anbang Insurance walks away from its offer.
Tom Jenkins, CEO of European Tour Operators Association, talks about the impact of the Brussels terror attack on tourism to Europe.
March 31- Canada's Cara Operations, owner of the Swiss Chalet casual dining chain and Harvey's burger outlets, said Thursday it would buy St-Hubert BBQ, one of Quebec's largest casual dining chains, for C $537 million, in a bid to gain a foothold in the province. More than 90 percent of St-Hubert's 117 restaurants are in Quebec, where Swiss Chalet does not have a...
March 31- Canada's Cara Operations Ltd, owner of the Swiss Chalet casual dining chain and Harvey's burger outlets, said on Thursday it would buy St-Hubert BBQ, one of Quebec's largest casual dining chains, for C $537 million. Cara operates a number of Swiss Chalet and Harvey's combo stores outside Quebec, and St-Hubert's team will explore what works in the...
March 31- Canada's Cara Operations Ltd, owner of the Swiss Chalet casual dining chain and Harvey's burger outlets, said on Thursday it would buy St-Hubert BBQ, one of Quebec's largest casual dining chains, for C $537 million. Analysts had flagged privately held St-Hubert as one of the most likely targets for Cara, which is controlled by dealmaker Prem Watsa's...
March 31- McDonald's Corp said on Thursday it plans to add more than 1,500 restaurants in China, Hong Kong and South Korea over the next five years. The company also said it was looking for franchisee partners. McDonald's already has more than 2,800 restaurants in those markets, the majority of which are company-owned.