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Hotels, Restaurants and Leisure

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  • CONSHOHOCKEN, Pa.— A Pennsylvania- based restaurant chain says it'll keep tossing salads while in bankruptcy protection. It says the company owes his JVSW LLC and WS Financial $11.4 million. Saladworks opened its first location a Cherry Hill, New Jersey mall in 1986. It has more than 100 stores in the U.S., Canada and Singapore and has planned to add 80 more.

  • Feb 18- Hilton Worldwide Holdings Inc, owner of the Conrad and Waldorf Astoria hotel brands, forecast profit below market estimates for the first quarter as well as for the full year. Hilton, which recently sold its Waldorf Astoria New York hotel to China- based Anbang Insurance Group Co for $1.95 billion, gets about three-fourth of its revenue from the United...

  • Hyatt Hotels 4Q adjusted profit tops Wall Street's view Wednesday, 18 Feb 2015 | 7:45 AM ET

    CHICAGO— Hyatt Hotels Corp.' s fourth-quarter profit rose, benefiting from a gain on the sale of real estate. The Chicago- based company earned $182 million, or $1.20 per share, for the three months ended Dec. 31. A year earlier it earned $32 million, or 20 cents per share.

  • Feb 18- Hilton Worldwide Holdings Inc, owner of the Conrad and Waldorf Astoria hotel brands, reported a better-than-expected 7 percent rise in quarterly revenue, as increased business travel in United States drove up occupancy rates. Revenue rose to $2.83 billion from $2.64 billion a year earlier. Net income attributable to shareholders rose to $158 million,...

  • Hilton revenue rises 7 pct on higher occupancy Wednesday, 18 Feb 2015 | 6:14 AM ET

    Feb 18- Hilton Worldwide Holdings Inc, the owner of Conrad and Waldorf Astoria hotel brands, reported a 7 percent rise in quarterly revenue, as increased business travel drove up occupancy at most of its properties. Net income attributable to shareholders rose to $158 million, or 16 cents per share, from $26 million, or 3 cents per share. Hilton's fourth-quarter...

  • Norwegian Cruise Line reports 4Q loss Wednesday, 18 Feb 2015 | 5:03 AM ET

    MIAMI _ Norwegian Cruise Line Holdings Ltd. on Wednesday reported a fourth-quarter loss of $25.6 million, after reporting a profit in the same period a year earlier. Analysts expected $721.3 million, according to Zacks. Norwegian Cruise Line shares have fallen 7 percent since the beginning of the year.

  • Accor CEO: Expect ups and downs  Wednesday, 18 Feb 2015 | 4:20 AM ET

    Accor posted record net profit for 2014, thanks to cost-cutting and restructuring. CNBC's Stephane Pedrazzi talks to CEO Sébastien Bazin.

  • SACRAMENTO, Calif.— Officials are considering new water restrictions as California's drought drags on, possibly forcing residents to ask for water at restaurants and for fresh towels and sheets at hotels. The State Water Resources Control Board floated the ideas at an informational hearing Tuesday as it considers extending and expanding mandatory...

  • TORONTO, Feb 17- Restaurant Brands International Inc, the parent of Burger King and Canadian coffee and doughnut chain Tim Hortons, reported robust quarterly sales growth on Tuesday, crediting new menu items for driving traffic. Restaurant Brands executives credited new menu items like Burger King's A1 ultimate bacon cheeseburger and Tim Horton's dark...

  • Feb 17- Starwood Hotels& Resorts Worldwide Inc said Chief Executive Frits van Paasschen had resigned by mutual agreement, a week after the hotel operator announced the spinoff of its timeshare business. Regis and Sheraton hotel brands, named Director Adam Aron as interim CEO and said it had started looking internally and externally for a permanent CEO.

  • Starwood Hotels CEO Frits van Paasschen resigns Tuesday, 17 Feb 2015 | 7:12 AM ET

    Feb 17- Hotel operator Starwood Hotels& Resorts Worldwide Inc said Chief Executive Frits van Paasschen has resigned by mutual agreement. Paasschen, who took over as CEO in September 2007, will continue with as a consultant to assist in the transition, the company said. The owner of the St.

  • Profits rise at hotelier IHG on strong U.S. demand Tuesday, 17 Feb 2015 | 2:16 AM ET

    LONDON, Feb 17- InterContinental Hotels Group, one of the world's largest hoteliers, posted a 10 percent rise in 2014 profit, led by strong growth in its core North American market. The group, which owns brands such as Holiday Inn, Crowne Plaza and InterContinental, said on Tuesday underlying annual operating profit rose to $648 million at constant rates, in line...

  • Rosewood Hotel: Undeterred by headwinds in China  Thursday, 12 Feb 2015 | 8:26 PM ET

    Sonia Cheng, CEO of Rosewood Hotel Group, explains her bullish outlook on China's hospitality sector in this week's "Managing Asia."

  • Despite oversupply, this hotelier’s big on Asia Thursday, 12 Feb 2015 | 7:57 PM ET
    Sonia Cheng, CEO of Rosewood Hotel Group.

    Oversupply is a growing problem in Asia's hospitality market, but the boss of Rosewood Hotel Group regards it as "healthy competition."

  • Feb 12- Darden Restaurants Inc was sued on Thursday by the U.S. Equal Employment Opportunity Commission, which accused the company of age discrimination in hiring for its Seasons 52 restaurants nationwide. In a complaint filed with the U.S. District Court in Miami, the EEOC said it is "standard operating procedure" for Darden, which also runs the Olive Garden chain,...

  • First Chinese bought US apartments, now it's hotels Wednesday, 11 Feb 2015 | 7:22 PM ET

    The closing of the sale on Wednesday of New York's famed Waldorf Astoria hotel to China's Anbang Insurance Group for $1.95 billion marks the tip of an unprecedented wave of Chinese investment pouring into U.S. hotels.

  • NEW YORK, Feb 11- The closing of the sale on Wednesday of New York's famed Waldorf Astoria hotel to China's Anbang Insurance Group Co Ltd for $1.95 billion marks the tip of an unprecedented wave of Chinese investment pouring into U.S. hotels. Investment from mainland China into U.S. hotels is expected to be about $5.1 billion this year, or triple the amount over the...

  • In Splitsville? Try checking into the Divorce Hotel Wednesday, 11 Feb 2015 | 3:00 PM ET
    Gideon Putnam Resort

    Enter married, leave with a quickie divorce at a resort and spa in this New York town. The New York Post reports.

  • WILMINGTON, Del., Feb 10- The Revel Casino Hotel in Atlantic City, New Jersey, asked a U.S. bankruptcy judge to end its agreement to sell the gambling complex to Florida developer Glenn Straub for $95.4 million, according to a Tuesday court filing. The hotel's legal team also asked Judge Gloria Burns in Camden, New Jersey, for permission to keep Straub's $10 million...

  • Wyndham CEO: Strong dollar, minimal impact  Tuesday, 10 Feb 2015 | 10:30 AM ET

    Discussing Q4 earnings, Stephen Holmes, Wyndham Worldwide CEO, says the company is not terribly impacted by a strong dollar.