Scottsdale, Arizona- based Store Capital buys real estate from large tenants, such as chain restaurants, supermarkets and health clubs, and leases the properties back to the tenants. Reuters reported in July that Store Capital had hired banks to explore a potential offering that could raise $300 million to $500 million and value the company at about $2 billion.» Read More
PORT LOUIS, March 26- Mauritius- based luxury hotel group Sun Resorts swung into the red last year, posting an annual pretax loss of 43.9 million rupees, it said on Wednesday.
A new study from the Global Business Travel Association paints a profile of optimistic spending.
March 26- Activist investor Barington Capital Group LP urged Darden Restaurants Inc to consider looking for a new chief executive, stepping up pressure on the restaurant operator to come up with ways to improve its performance.
March 26- Darden Restaurants Inc shareholder Barington Capital asked the company to find a new chief executive and appoint an independent chairman. The hedge fund and Starboard Value LLP have opposed Darden's plan to spin off its Red Lobster restaurant chain and have asked that the plan be put to a shareholder vote.
WELLINGTON, March 26- Fonterra, the world's largest dairy exporter, on Wednesday said a steep hit to its first-half earnings won't stop it from marketing more of its own-brand milk products in China and expand its food services business in the fast-growing market.
The Park Hyatt Washington, D.C. will offer lodgings with a very Americana twist through August.
The museum at the site of the World Trade Center will open to the public in May, officials announced today.
March 21- Standard& Poor's on Friday affirmed Greece's sovereign credit ratings at' B-/B' and gave them a stable outlook, saying it believed the country's economy is gradually rebalancing.
As travelers demand more exotic technology, robots are hard to beat.
Hawaii's high prices may be putting a chill on the state's tourism industry. NBC News reports.
Donald Trump Jr., Trump Organization EVP development & acquisitions, discusses the hotel brands plans for international expansion and the advantages of being an owner/developer.
McDonald's reported a bigger-than-expected drop in sales for February, with competition and bad weather battering U.S. sales.
NEW YORK, March 10- Sbarro LLC, the pizza restaurant chain, on Monday filed for bankruptcy protection for the second time in less than three years, after struggling with too much debt and lower customer traffic in the malls that house many of its restaurants.
March 10- Sbarro LLC, the pizza restaurant chain, on Monday filed for bankruptcy protection for the second time in less than three years. Sbarro and more than 30 affiliates filed for Chapter 11 protection from creditors with the U.S. Bankruptcy Court in Manhattan.
In the midst of an $8 billion growth spurt, Sheraton will open a record 38 newly constructed hotels in the next 12 months, including several in Iraq.
March 10- McDonald's Corp on Monday reported a bigger-than-expected drop in comparable global sales at established restaurants for February, with competition and bad weather battering U.S. sales. The world's biggest restaurant chain by revenue said worldwide sales at restaurants open at least 13 months fell 0.3 percent last month.
FMHR traders Pete and Jon Najarian debate if Wynn Resorts or Las Vegas Sands is the better investment for your portfolio.
The revised industry guidelines for handling pigs in Canada include more than 100 animal-care rules, including the phase-out by 2024 of stalls that continuously restrict sow movement, hog groups and the Canadian Federation of Humane Societies said on Thursday.
BERLIN, March 6- Europe's hotel sector is finding its financing options are the best in years as investors seek better returns in a low interest rate environment and economies emerge from bruising recessions, fanning optimism for the rest of the year.
LOS ANGELES, March 5- Darden Restaurants Inc has canceled its analyst and investor meeting slated for later this month as two activist shareholders lobby for bolder steps to improve performance at its restaurant chains, ranging from Olive Garden to Capital Grille.