The art deco-designed Raleigh Hotel in South Beach has a fashionable new owner.» Read More
Barry Sternlicht, Starwood Capital chairman & CEO, shares his thoughts on the outlook on bonds and the economy. The weather really changed things, says Sternlicht.
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.
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.
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.
NEW YORK— Chili's has canceled a fundraiser for a group that says that autism can be triggered by vaccinations, a position widely discredited by the medical community. To honor National Autism Awareness month, the restaurant chain had planned on donating a portion of its sales on Monday to the National Autism Association.
NEW YORK— Taco Bell is taking another jab at McDonald's in a new ad for its breakfast menu.
MIAMI— Royal Caribbean is promoting Adam Goldstein to president and chief operating officer of the cruise operator, effective immediately. Goldstein joined Royal Caribbean Cruises Ltd. in 1988. For the last 12 years he has served as president and CEO of the Miami company's largest cruise line, Royal Caribbean International.
NEW YORK— McDonald's has closed its three restaurants in Crimea as it evaluates the "evolving situation" on the Black Sea peninsula. Russia annexed Crimea last month, following a referendum held in the wake of Ukraine's political upheavals.
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.
BUFFALO, N.Y.— Hey, Putin, don't even think about ordering a Super Mighty in Buffalo. Mighty Taco, a Buffalo- based chain of Mexican fast-foot restaurants, has banned Russian President Vladimir Putin from all of the company's 23 locations in western New York.
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.
*Plans to sell 37.2 mln shares at $18- $21 each. March 27- La Quinta Holdings Inc will raise as much as $780 million from its initial public offering, as it becomes the third hotel chain to be taken public by Blackstone Group LP in six months.
McDonald's is offering free coffee to its breakfast customers for a limited time as competition for the breakfast crowd intensifies.