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Hotels, Restaurants and Leisure

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  • Airbnb working on plan to pay New York hotel taxes Monday, 14 Apr 2014 | 10:43 AM ET
    Airbnb app on an iPhone and iPad.

    The peer-to-peer home rental company hopes to start collecting New York hotel taxes by July 1.

  • Passengers ill on cruise ship that sailed from Md. Friday, 11 Apr 2014 | 6:57 PM ET

    The most recent outbreak occurred on the Royal Caribbean International vessel, which left Baltimore on April 5 for a seven-day cruise to the Bahamas, Royal Caribbean spokeswoman Cynthia Martinez said in an email Friday. The CDC said more than 100 passengers and crew members got sick on the Grandeur's last cruise from Baltimore from March 28 to April 5.

  • April 11- Shares of Zoe's Kitchen Inc rose as much as 73 percent in their market debut, valuing the casual dining restaurant chain at more than $475 million. Zoe's Kitchen raised about $87.5 million from the offering, after its initial public offering of 5.83 million shares was priced at the upper-end of the expected price range.

  • April 10- Zoe's Kitchen Inc priced its initial public offering at $15 on Thursday, valuing the Mediterranean-style restaurant chain at about $276 million. The company earlier this week expected the IPO to be priced between $13 and $15 per share. Birmingham, Alabama- based Zoe's Kitchen is selling all the shares in the offering.

  • More illnesses aboard Princess cruise ship Wednesday, 9 Apr 2014 | 1:34 PM ET

    SAN FRANCISCO— In a story April 8 about illnesses aboard a Princess cruise ship sailing to ports in California, The Associated Press reported erroneously the final destination of the cruise. The cruise ends in Los Angeles, not Santa Barbara.

  • Panera CEO looks to fix 'mosh pit' ordering system Wednesday, 9 Apr 2014 | 1:32 PM ET

    NEW YORK— Panera CEO Ron Shaich realizes that ordering at his chain can be chaotic. The confusion is a problem for Panera Bread Co., which has seen its sales growth slow as customers go elsewhere.

  • World's first Ferrari Hotel to open in theme park Wednesday, 9 Apr 2014 | 12:23 PM ET
    The Ferrari Hotel is scheduled to open in 2016.

    A 5-star hotel will be built in a Ferrari theme park along with rides including the highest and fastest vertical accelerator in Europe.

  • *Shares open at $16.75, below IPO price of $17. La Quinta's shares, which priced below the expected range at $17, fell as much as 4 percent in early trading before recovering their losses to trade slightly up.

  • Union: Revel casino worth $25M to $73M Wednesday, 9 Apr 2014 | 10:42 AM ET

    ATLANTIC CITY, N.J.— Atlantic City's main casino workers' union says Revel Casino Hotel is worth between $25 million and $73 million. The casino, which is seeking a buyer, cost $2.4 billion to build. "We want potential buyers to fully understand Revel's financial position," said Ben Begleiter, a research analyst for the union.

  • Discussing La Quinta's IPO and the unique technology solutions it delivers to its guests, with Wayne Goldberg, La Quinta CEO.

  • La Quinta rises in 1st day on the NYSE Wednesday, 9 Apr 2014 | 10:06 AM ET

    The Irving, Texas- based company was publicly traded for more than 30 years before being acquired by private equity firm Blackstone in 2006. Blackstone paid $2.3 billion in cash and also assumed La Quinta's debt, giving that deal a value of about $3.4 billion. The IPO announced Tuesday night raised $651 million and valued the company at about $2.1 billion.

  • Starwood Capital launches two new hotel brands     Wednesday, 9 Apr 2014 | 8:08 AM ET

    Barry Sternlicht, Starwood Capital chairman & CEO, discusses the launch of luxury brand Baccarat Hotels & Resorts, and eco-brand 1 Hotels & Resorts.

  • Sternlicht: I'm a big fan of Jeb Bush     Wednesday, 9 Apr 2014 | 8:05 AM ET

    Barry Sternlicht, Starwood Capital chairman & CEO, explains why the thinks Jeb Bush should throw his hat in the ring and run as the Republican candidate for president.

  • Sternlicht's pockets of opportunities     Wednesday, 9 Apr 2014 | 7:09 AM ET

    I've owned Las Vegas Sands forever, says Barry Sternlicht, Starwood Capital chairman & CEO, sharing his thoughts on where he sees investment opportunities.

  • Sternlicht: Bond market purveyor of truth     Wednesday, 9 Apr 2014 | 7:04 AM ET

    Barry Sternlicht, Starwood Capital chairman & CEO, shares his thoughts on the outlook on bonds and the economy. The weather really changed things, says Sternlicht.

  • La Quinta raises about $651M from IPO Wednesday, 9 Apr 2014 | 6:57 AM ET

    IRVING, Texas— Hotel operator La Quinta Holdings Inc. has raised approximately $651 million from an initial public offering of its common stock. La Quinta is giving the underwriters a 30- day option to buy up to an additional 5.7 million shares.

  • April 8- The initial public offering of La Quinta Holdings, owned by the Blackstone Group, was priced at $17 per share on Tuesday, valuing the hotel chain at about $2.1 billion. La Quinta's IPO raised $650 million, after its offering of 38.25 million shares was priced below an expected range of $18 to $21 a share.

  • April 8- Blackstone Group LP- owned La Quinta Holdings Inc's initial public offering priced at $17 per share, according to Bloomberg, valuing the hotel chain at about $2.1 billion. La Quinta's IPO raised $650 million, after its offering of 38.25 million shares priced below an expected range of $18 to $21 a share, Bloomberg reported.

  • 3 dozen possibly ill with Norovirus on cruise ship Tuesday, 8 Apr 2014 | 5:33 PM ET

    SAN FRANCISCO— Officials say more than three dozen people are possibly ill with the highly contagious Norovirus while onboard a cruise ship sailing to ports in California. Princess Cruises spokeswoman Karen Candy says about 37 passengers on the Crown Princess reported being sick while the ship was in San Francisco on Monday.

  • Pent-up winter demand to boost travel spending Tuesday, 8 Apr 2014 | 12:01 AM ET

    After more than 100,000 flights were canceled this winter, business travelers are returning to the road.

Most Popular Video

Wednesday, 16 Apr 2014 | 7:15 AM ET

Anthony Polini, Raymond James analyst, breaks down the big bank's quarterly numbers. It looks like they are doing a good job at reducing core operating expenses, says Polini.

Wednesday, 16 Apr 2014 | 6:36 AM ET

Thomas Digenan, UBS, and Jeffrey Saut, Raymond James, discuss how to play the market's volatility.

Wednesday, 16 Apr 2014 | 4:40 AM ET

Bitcoin. Digital gold rush or a shadowy tool empowering criminals on the dark web? What is really driving The Bitcoin Uprising? CNBC's Mary Thompson takes an in-depth look at this emerging digital currency by speaking to the bitcoin faithful, who believe the open source currency will upend the global financial system, as well as those who believe bitcoin is an easily manipulated tool that empowers criminals, hackers and drug barons in the dark online underworld. Although the future of bitcoin is uncertain, The Bitcoin Uprising sheds much needed light on the speculative currency and the future of money.