Blog Postings

Australian Hotel Owner sues Hyatt for $60m
Tuesday, February 21, 2012 - 12:10pm

February 21, 2012 (www.hospitalitybusienssnews.com) According to a report by the Australian, Hyatt hotels has been sued by one of its’ Australian hotel owners for $60m over a claim, by the owner, that Hyatt “siphoned $60M from the Coolum resort over the past two decades”


Clive Palmer, who bought the property last year for an estimated $80m said in a statement that "We believe Hyatt has been siphoning funds over the...

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Travelodge set to be taken over by creditors
Sunday, February 19, 2012 - 7:47pm

LONDON—February 19, 2012 – (www.hospitalitybusinessnews.com) According to the Wall Street Journal, Travelodge is close to falling into the hands of its creditors as the U.K. budget hotel chain struggles under a mountain of debt taken on by owner Dubai International Capital as part of a leveraged buyout in 2006.

In 2006, Dubai International Capital LLC, a private equity company owned by the Persian Gulf emirate's government, bought...

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Arne Sorenson on Marriott Earnings
Sunday, February 19, 2012 - 5:35pm

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Spicy Pickle defaults on loans
Sunday, February 19, 2012 - 11:11am

Denver CO – February 19, 2012 (www.hospitalitybusinessnews.com) According to SEC filings, on February 2, 2012, Lenders to Spicy Pickle gave the company notice of the occurrence of an event of default under its promissory notes secured by all of the company’s assets and declared that the entire unpaid principal balance of the notes and all accrued and unpaid interest thereon was immediately due and...

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Owner of Four Seasons Hotel Arrested on suspicion of fraudulent use of promotional signs
Sunday, February 19, 2012 - 10:20am

February 19, 2012 (www.hospitalitybusinessnews.com) According to Cambrian News Online an Aberystwyth hotelier has been arrested by police on suspicion of fraudulent use of AA accreditation signs.

Police arrested, and then released...

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Diner suffers cardiac arrest while eating at the Heart Attack Grill
Wednesday, February 15, 2012 - 8:07pm

Las Vegas NV - February 13, 2012 - (www.hospitalitybusinessnews.com) Well the name really does mean something. This past Saturday a patron at the Las Vegas Heart Attack Grill apprars to have suffered cariac arrest while eating the companies world famous "tripple bybass burger".

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Man killed at downtown Minneapolis hotel
Sunday, February 12, 2012 - 1:59pm

Minneapolis MN – February 12, 2012 – (www.hospitalitybusinessnews.com) The Star Tribune is reporting that a 33-year-old man was shot and killed early Saturday on one of the upper floors of the Millennium Hotel.

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Denny's CEO talks about business
Monday, January 30, 2012 - 7:50pm

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