An affiliate of Brookfield Asset Management (BAMa.TO) (BAM.N) has topped Florida real estate developer Glenn Straub's $90 million bid for the bankrupt Revel Casino Hotel in Atlantic City, the Wall Street Journal reported, citing sources.
Hospitality/Food
Chipotle faces investor lawsuit over non-disclosure of food quality control amid E. Coli outbreak
A group of investors filed a class-action lawsuit against Chipotle for allegedly misleading them about the company’s health control.
South Africa to import white corn from South America due to severe drought
South Africa plans to import 5 million tonnes of white corn from South America as the worst drought since 1992 continue to ravage the area, according to Grain SA, the biggest producers association in the country.
Hotels are turning to AirBNB for renting rooms
AirBNB is a platform on which people all around the world can rent out spaces of their choices. But now actual hotels are also seen on AirBNB, renting rooms.
Accor announces strategic partnership with China Lodging
French hotel operator Accor announced a strategic alliance with China Lodging Group on Sunday to create a major new player in the fast-growing Chinese domestic travel and hospitality market.
Latest News
Hyatt Hotels Corp (H.N) said it will sell as franchises 38 select service hotels to a company organized by Lone Star Funds for about $590 million.
Bristol-Myers Squibb Co on Thursday filed a lawsuit against Merck & Co Inc for allegedly infringing its immunotherapy patent. The company is seeking unspecified damages.
Shake Shack, the fast-food restaurant chain that has developed a cult following for its 'Shackburgers', 'flat-top' hot dogs and eponymous shakes, has selected JPMorgan Chase & Co(JPM.N) and Morgan Stanley (MS.N) to lead a proposed initial public offering, according to people familiar with the matter.
Russia said on Thursday it was investigating dozens of McDonald's (MCD.N) restaurants, in what many businessmen said was retaliation for Western sanctions over Ukraine they fear could spread to other symbols of Western capitalism.
U.S. foodmaker H.J. Heinz Co said on Tuesday it will tighten controls over ingredients suppliers in China after it was forced to recall some infant food products from Chinese store shelves due to excess levels of lead.
McDonald's burgers and shakes may become the latest victims of worsening ties between Moscow and Washington after a Russian consumer watchdog agency accused the U.S. chain of sanitary violations.
Just because a chicken is labeled "organic" does not mean that the bird on your plate lived a bucolic farm life before you cooked it.
The cost to produce a BLT, America's favorite summer sandwich, hit a record high of $1.65 in May and will continue to take a bigger bite out of wallets in the coming months, given a pig virus that has ramped up bacon prices and drought-stricken salad crops in California.
Dr Kiprono Kittony, the chairman of the Nigeria-Kenya Chamber of Commerce, announced in a meeting in Abuja Monday that 7 of the 46 newly discovered oil fields will be granted to Nigerian business men.
