Trending Stories

CATEGORY NAME

Providence Hospitality Partners to Re-Open CA’s Oakhurst Lodge Which Suffered Major Fire Damage

November 7, 2013

Nov. 07--Randy Papike, of Randy Papike Construction, and his team started demolition and clean-up of the Oakhurst Lodge on Friday, Nov. 1 after receiving the contract from First Citizens Bank. The Lodge was acquired by First Citizens Bank in early September as it was in the stage of foreclosure, but since being purchased has started the beginning stages of evaluation and clean-up. First Citizens Bank has hired a hands-on, marketing focused hotel operator and managing firm, Providence Hospitality Partners (PHP) of Denver, Colo., to oversee daily operations of the motel as of Sept. 5. Providence Hospitality Partners has worked on REO proj

Disney Profit up 12% to $1.39 Billion on Consumer Products, Studio, Theme Park Gains

November 7, 2013

Nov. 07--Walt Disney Co. reported a 12% increase in net income for its fiscal fourth quarter, lifted by the performance of its consumer products, studio, and parks and resorts divisions. The Burbank company posted net income of $1.394 billion for the quarter that ended Sept. 28, up from $1.244 billion a year earlier. Revenue rose 7% to $11.568 billion. Disney, the world's largest entertainment and media company, posted adjusted earnings per share of 77 cents, up from 68 cents a year earlier. That was slightly ahead of the expectations of analysts, who predicted earnings per share of 76 cents, according to investment research firm Zacks.

Large Groups Pulling Back from Booking at Miami Beach Convention Center

November 7, 2013

Nov. 07--Large groups are pulling back from booking the Miami Beach Convention Center after voters approved rules that make it harder to proceed with a major renovation of the city-owned facility. The center's manager on Wednesday warned city commissioners he needed to "stop the bleeding" on the heels of one convention canceling its large event in 2016 and two others warning they may do the same. This week, the International Foundation of Employee Benefit Plans canceled plans for a 2016 meeting in Miami Beach, saying in a letter that "anything less than first-class facilities will adversely impact the ability of the Foundation to conduc

Historic Stevens Building in Portland, Oregon Sold to Group with Plans for a 90 to 100-key Hotel

November 7, 2013

Nov. 07--The nearly century-old Stevens Building in downtown Portland has changed hands, and signs point to a possible future as a restored hotel. The first clue is the buyer of record's name: Stevens Hotel LLC paid $4.35 million for the building, at 812 S.W. Washington St., in a deal that closed Oct. 21. The Church of Scientology acquired the Stevens Building for $5.4 million in 2008 as a future Portland headquarters. But it changed direction in 2010 and bought the Sherlock building at 309 S.W. 3rd Ave. for its headquarters instead, and put the Stevens Building back up for sale. Tenants in the building say the new owners are Arthur Mut

Charlie Trotter: A Pioneer in Wine as Well as Food

November 6, 2013

Nov. 06--When Christie's auctioned off "The Magnificent Cellar of Charlie Trotter's" last December, the 357 lots, much of it fabled Burgundies and Rhones, fetched close to a million dollars, $918,027 to be exact. Trotter, who was found dead Tuesday morning in Chicago at age 54, loved wine. And the successive sommeliers, some of the best in the world, who worked with him over the 25 years he owned Charlie Trotter's had amassed a phenomenal cellar. The Christie's auction literature quotes the chef as commenting: "Seeing some of the rare gems from my cellar at auction today felt a bit like parting with old friends at times, but it was grat

Parks Hospitality Group to Build 120-Suite SpringHill Suites by Marriott in Mayfaire, NC

November 6, 2013

Nov. 06--A SpringHill Suites by Marriott is planned for Military Cutoff Road, Parks Hospitality Group announced Wednesday. The Cary-based hotel ownership and management company set a date of early 2015 for the hotel to open at 1011 Military Cutoff, at Sir Tyler Drive. The 77,000-square-foot hotel will have 120 suites, 1,200 square feet of meeting space and a full-service bar. It will operate under a Marriott franchise and be owned and operated by Parks Hospitality. "We liked the Mayfaire area, with its growing businesses and proximity to the beach," said Trevor Walden, the company's vice president for sales and marketing, adding that th

Charlie Trotter 1959-2013: Chicago’s Revolutionary Chef Found Dead in Home

November 6, 2013

Nov. 06--Before there was "Top Chef," "MasterChef" or "Iron Chef," before chefs were multimedia celebrities who could monetize their volcanic personalities, before "farm-to-table" and "American cuisine" were routinely applied to high-end restaurants, there was Charlie Trotter, whose self-named Lincoln Park restaurant became one of Chicago's premier cultural institutions almost immediately after its 1987 opening. Charlie Trotter's was an international destination and a pioneer in creating a bold, distinctly American form of haute cuisine, and its chef-owner was an inspirational and notoriously mercurial figure, qualities that the people

Atlantic City’s Former Sands Casino Hotel Sold for $29.5M, Less than Half of 2011 Assessed Value

November 6, 2013

Nov. 06--The former Sands Casino Hotel site was sold for $29.5 million, less than half of what the site's assessment just two years ago. Pinnacle Entertainment Inc. announced last month that it had sold the 20-acre site to developer Boardwalk Piers last month, but the sale price was not disclosed at that time. The company has said it plans to build a casino or a family-friendly entertainment complex. The sale price was disclosed Wednesday morning in Pinnacle's third quarter financial results. Pinnacle acquired the property in 2006 for $270 million with plans to build a $1.5 billion megaresort on the site. Those plans fizzled, and the si







    LATEST VIDEOS:

    For more Videos (Click here)