*Russia says McDonald's branches breached sanitary rules. MOSCOW, Aug 20- Russia ordered the temporary closure of four McDonald's restaurants in Moscow on Wednesday, a decision it said was over sanitary violations but which comes against a backdrop of worsening U.S.-Russian ties over Ukraine.» Read More
The peer-to-peer home rental company hopes to start collecting New York hotel taxes by July 1.
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.
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.
Discussing La Quinta's IPO and the unique technology solutions it delivers to its guests, with Wayne Goldberg, La Quinta CEO.
Barry Sternlicht, Starwood Capital chairman & CEO, discusses the launch of luxury brand Baccarat Hotels & Resorts, and eco-brand 1 Hotels & Resorts.
Barry Sternlicht, Starwood Capital chairman and CEO, explains why the thinks Jeb Bush should throw his hat in the ring and run as the Republican candidate for president.
I've owned Las Vegas Sands forever, says Barry Sternlicht, Starwood Capital chairman & CEO, sharing his thoughts on where he sees investment opportunities.
Barry Sternlicht, Starwood Capital chairman & CEO, shares his thoughts on the outlook on bonds and the economy. The weather really changed things, says Sternlicht.
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.
After more than 100,000 flights were canceled this winter, business travelers are returning to the road.
WASHINGTON, April 7- A U.S. court ruled on Monday that the Federal Trade Commission can proceed with a lawsuit against hotel group Wyndham Worldwide Corp for allegedly failing to safeguard consumers' personal information.
WASHINGTON, April 7- A U.S. court ruled on Monday that the Federal Trade Commission can proceed with a lawsuit against the hotel group Wyndham Worldwide Corp for allegedly failing to safeguard consumers' personal information.
KIEV, April 4- McDonald's announced on Friday it had closed its restaurants in Crimea, prompting fears of a backlash as a prominent Moscow politician called for all the U.S. fast food chain's outlets in Russia to be shut.
Paula Deen's popular Savannah restaurant, at the center of a racially charged lawsuit against her, abruptly closed on Thursday.
KIEV, April 4- McDonald's has suspended work at its restaurants in Crimea for "manufacturing reasons", the U.S. fast food chain said on Friday, the second international company to cease operations this week on the peninsula annexed by Russia.
MCDONALD'S SAYS HAS SUSPENDED WORK AT RESTAURANTS IN CRIMEA DUE TO "MANUFACTURING REASONS", OFFERS EMPLOYEES WORK IN UKRAINIAN RESTAURANTS.
Arne Sorenson, CEO & president of Marriott International, discusses his company's acquisition of the largest hotel company in Africa.