Hotels, Restaurants and Leisure


  • BEIJING, Nov 23- Chinese property developer Dalian Wanda Group plans to build more than 150 premium hotels around the world by 2018 in an expansion of its luxury hotel business, state news agency Xinhua said on Sunday. The announcement comes as Dalian Wanda Commercial Properties, a subsidiary of Dalian Wanda Group, plans to raise up to $6 billion in a Hong Kong...

  • Vail Resorts CEO is bullish on ski season Friday, 21 Nov 2014 | 12:18 PM ET
    Skiers on a slope in Breckenridge, near Vail, Colorado.

    Snow is coming, ski conditions are "fantastic" and the outlook is bright for Vail Resorts, its CEO told CNBC Friday.

  • *Habit Restaurants shares more-than-double in debut. Nov 20- Shares of Habit Restaurants Inc more than doubled in their trading debut, underscoring the growing appetite among investors for stocks of fast casual restaurant chains- increasingly, the choice of health-conscious diners. Restaurants such as El Pollo Loco Holdings Inc and Zoe's Kitchen Inc, which...

  • Ireland's new hotel king: Billionaire John Malone Thursday, 20 Nov 2014 | 12:17 PM ET
    The Limerick Strand Hotel is shown near the banks of the River Shannon in Limerick, Ireland.

    Cable billionaire John Malone is the largest landowner in the U.S. Now, he's becoming one of the biggest real-estate holders in Ireland.

  • Nov 20- Shares of Habit Restaurants Inc, known for its charburgers, doubled in their first day of trading, making it the most successful debut by a fast casual restaurant chain in the United States this year. The stock opened at $30 and shot up to $36, double its IPO price of $18, within five minutes of trading on the Nasdaq. Habit Restaurants' revenue rose 43 percent to...

  • FACTBOX-U.S. restaurants' IPO proceeds double in 2014 Thursday, 20 Nov 2014 | 10:43 AM ET

    Nov 20- Habit Restaurants Inc's initial public offering on Wednesday raised $90 million, making it the fifth restaurant chain to list on U.S. stock exchanges so far this year. Restaurant IPOs have raised about $486 million this year, more than double the amount raised in the same period last year. Month/Year Company IPO Price Proceeds.

  • Burger chain Habit Restaurants' shares double in debut Thursday, 20 Nov 2014 | 10:39 AM ET

    Nov 20- Shares of Habit Restaurants Inc, a fast food restaurant chain known for its charburgers, doubled in their market debut, valuing the company at about $909.1 million. The initial public offering of 5 million Class A shares raised $90 million after being priced at $18 per share, well above the expected range of $14- $16. Piper Jaffray, Baird and Wells Fargo were...

  • Habit Restaurants prices IPO at $18 a share Thursday, 20 Nov 2014 | 10:34 AM ET

    Habit Restaurants, a fast-food restaurant chain known for its burgers, said its IPO was priced at $18 per share, valuing it at about $454.5 million.

  • Nov 19- Habit Restaurants Inc, a fast-food restaurant chain known for its burgers, said its initial public offering was priced at $18 per share, valuing the company at about $454.5 million. The offering was priced above the expected price range of $14 to $16. The company, which operates the fast casual Habit Burger Grill chain of restaurants, offers charburgers,...

  • Burger chain Habit Restaurants prices IPO at $18/shr Wednesday, 19 Nov 2014 | 7:14 PM ET

    Nov 19- Habit Restaurants Inc, a fast-food restaurant chain known for its burgers, said its initial public offering was priced at $18 per share, valuing the company at about $454.5 million. The company raised about $90 million from the IPO of 5 million shares. The offering was priced above the expected price range of $14- $16.

  • Nov 19- Canadian grocer Metro Inc reported a higher-than-expected quarterly profit, helped by the reorganization of its Ontario store network and the acquisition of a majority stake in bakery chain Premiere Moisson. The company, which is facing intense competition from U.S. retailers such as Wal-Mart Stores Inc and Target Corp, also said in June it would buy a...

  • NEW YORK, Nov 14- An improving U.S. economy has failed to galvanize the consumer discretionary sector so far this year, but a recent rally in restaurant stocks as the holidays approach could herald happier days ahead for other retailers. Shares of Buffalo Wild Wings Inc, Domino's Pizza Inc, Darden Restaurants Inc and Cracker Barrel Old Country Store Inc have all...

  • Airplane for rent: Sorry flying is not allowed! Thursday, 13 Nov 2014 | 4:49 PM ET
    KLM airplane apartment interior

    KLM is partnering with Airbnb for a contest to win the chance to spend a night in an "aircraft loft" in Amsterdam.

  • Starboard-controlled Darden board scraps poison pill Thursday, 13 Nov 2014 | 11:39 AM ET

    Nov 13- Darden Restaurants Inc said it would revise management pay, ditch its poison pill and make it easier for shareholders to call special meetings as activist investor Starboard Value LP puts its stamp on the owner of the Olive Garden restaurant chain. The latest changes were what Starboard had campaigned for in its months-long battle with the...

  • Where G-20 leaders are staying Wednesday, 12 Nov 2014 | 7:10 AM ET
    Asia Pacific Economic Cooperation (APEC) leaders pose for a family photo at the International Convention Center at Yanqi Lake in Beijing, November 11, 2014. (Front row L-R) U.S. President Barack Obama, China's President Xi Jinping and Russia's President Vladimir Putin. (Back row L-R) Japan's Prime Minister Shinzo Abe, Australia's Prime Minister Tony Abbott, Malaysia's Prime Minister Najib Razak, New Zealand's Prime Minister John Key.

    President Obama gets a $2,173/night hotel suite for the G-20 meeting, while host Tony Abbott slums it with a $270/night room.

  • Activist hedge fund calls for IHG merger Tuesday, 11 Nov 2014 | 10:25 AM ET
    An employee passes a logo in the reception area of InterContinental Hotels Group's headquarters in Denham, U.K.

    Marcato Capital Management has released a letter and presentation urging Intercontinental Hotels to merge with a competitor.

  • Nov 10- Pizza Hut will serve pizzas with a twist in its biggest-ever menu makeover, apparently aimed at wooing 18- to 34- year-old diners, after two years of sagging sales. "Our newest changes are the most significant we've made in our history," said David Gibbs, who was named Pizza Hut global chief executive last week, in a statement. Plano, Texas- based Pizza Hut, which...

  • Worldwide sales at restaurants open at least 13 months were down 0.5 percent as the world's biggest fast-food chain continued to fight tough U.S. competition, the after-effects of a supplier scandal in Asia, and economic and political turmoil in Europe. Under Chief Executive Officer Don Thompson, who took the helm in July 2012, the U.S. operation is focusing on...

  • UPDATE 1-McDonald's October same-store sales falls Monday, 10 Nov 2014 | 8:57 AM ET

    Nov 10- McDonald's Corp's sales fell at established restaurants in all regions last month, hurt by stiff competition in the United States and the fallout from a supplier scandal in Japan and China. Diners shunned the chain in China and Japan after a television news expose showed workers mishandling meat at a key supplier in China, and McDonald's scrambled to...

  • Wendy's revenue falls 20% as it ups franchising Thursday, 6 Nov 2014 | 10:45 AM ET
    The Wendy's Single Pretzel Bacon Cheeseburger.

    Hamburger chain Wendy's reported a 20 percent drop in quarterly revenue as it sold more company-owned stores to franchisees.