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Showing posts from June 15, 2013

NEWS | McDonald’s extends partnership with Al Daud Restaurants in Oman

McDonald’s Middle East and Africa Development Company, the corporation representative responsible for the growth and development of the McDonald’s business and brand across the region, has extended partnership with McDonald’s Oman, Al Daud Restaurants LLC. A formal ceremony took place recently at the McDonald’s Middle East and Africa Developmental Licensee Summit in Cyprus between Ali K Daud, Development Licensee and President, McDonald’s Oman, and David Hoffman, President, McDonald’s Asia Pacific Middle East and Africa (APMEA), omanobserver.om reported. Daud said,

NEWS | India's largest McDonald’s outlet opens in Noida

Connaught Plaza Restaurants Pvt Ltd recently opened McDonald’s largest outlet in India at Noida, spread across 8,000 sq ft, as against an average outlet size of 3,500 sq ft. “Flagship (outlets) like this is not a standard but we could look at opening more such stores depending upon demographics,” Vikram Bakshi, Managing Director and JV Partner, Connaught Plaza Restaurants (McDonald’s India - North and East), was quoted as saying in a PTI report. Further, Connaught Plaza plans to invest up to Rs 500 crore to double the total number of outlets of the American fast food chain to 300 by 2015.

NEWS | Raja brothers of Rs 420-cr Adyar Ananda Bhavan in talks with PEs for global expansion

When brothers KTVenkatesan and KTSrinivasa Raja were asked to discontinue school to join their father's struggling sweets business four decades ago, little did they imagine that they were setting the foundation of what would one day become a multi-million-dollar business with global ambitions.

NEWS | Big Three Restaurants, Inc. announces Immediate Short Term $1.5 Million Equity Raise or Bridge Capital Funding

Big Three Restaurants, Inc., (OTCPink: BTHR) announced today it has signed an agreement with VERA Group, LLC, which provides immediate equity or bridge financing of $1.5 million and debt, equity or a combination of both totaling an additional $10 million but not less than $5 million net for operating capital. VERA Group will have first right of refusal on all future capital requirements, expansion and acquisition funding. The agreement is for 12 months and is on a non-exclusive basis with three additional six month increments.

NEWS | The Habit Burger Grill Announces 5th Location to Open July 3

The Habit Burger Grill is opening its fifth Arizona location on Wednesday, July 3 in Phoenix located on Cactus Road and Tatum Blvd. (4575 E. Cactus Road). The Paradise Valley area looks to be a positive growth market for The Habit, with four already successful locations around the Valley. The Irvine-based concept continues to grow with over 60 locations in California as well as two restaurants in Utah. The first Arizona location opened in May 2011 in Tempe.  The community is encouraged to join Habit Burger as they offer a sneak peak of the tasty menu during their charity tie-in events on Sunday, June30 and Monday, July 1. From 11:30 a.m. - 1:30 p.m. on June 30, The Habit will be open and will donate 100% of proceeds on all menu items to Sereno Soccer Club.

NEWS | Royal Caribbean International Names New Senior Vice President of Marketing

Royal Caribbean International today announced the appointment of Carol Schuster to Senior Vice President of Marketing. Ms. Schuster joins the global cruise line with a proven track record and extensive background in building global brands, as well as new market entry, and will oversee all aspects of marketing for Royal Caribbean including brand strategy and positioning; consumer and trade advertising; digital and social media; and one-to-one and loyalty marketing.

NEWS | White Lodging Names New General Managers for Ten Properties

David Malmberg has been promoted to general manager of the Courtyard and Residence Inn Austin Downtown Convention Center properties. Prior to joining White Lodging in 2011, Malmberg spent nine years in St. Kitts, West Indies. During that time he was the director of restaurant and bar operations, director of catering operations and a sales executive with Marriott. Additionally, Malmberg had success with his own beach bar while on the island. Other Marriott experience includes being the restaurant general manager for the Mansion Restaurant in Lexington, Ky. and assistant restaurant manager for the Tan-Tar-A Resort in Osage Beach, Mo.

NEWS | Air India to tie up with international hotel chain

In a bid to increase revenue, Air India has proposed tying up with an international hotel chain and a bank to boost its frequent-flyer programme. "We will partner with an international hotel chain and launch a co-branded credit card with a bank with a nation-wide presence. These features have been missing from our programme,'' said Air India’s commercial director, Deepak Brara.

NEWS | Maahesh S. Aiyer appointed VP-operations of Lemon Tree Premier

Maahesh S. Aiyer, the man who has been an integral part in the creation of ‘Vivanta by Taj’ brand, has now been appointed as the Vice President - Operations, Lemon Tree Premier which is the up-scale brand of Lemon Tree Hotels. Lemon Tree Hotels is nearly 11 years old and India’s fastest growing chain of upscale business and leisure hotels, which is the preferred choice for high quality accommodation. The award winning Indian hotel chain is currently the third largest hotel chain in India, by rooms and is popular for being fresh, sprinted and youthful. Maahesh is a highly experienced man in this genre and holds an 18 year skill in working with the Taj group of hotels in India and abroad. He served Vivanta by Taj-Whitefield as a General Manager in his previous innings of work and was preferred as the General Manager of the year 2012. He holds a Master’s Degree in Business Administration from Madras University and has furthered his academic pursuits at IIM Bangalore and Cornell Winter U…

NEWS | The Oberoi, Dubai opens in Middle East

The Oberoi Group has announced the opening of The Oberoi, Dubai, the group’s first property in the United Arab Emirates. Located at The Oberoi Centre, The Oberoi, Dubai is a contemporary luxury hotel that embodies height, light and space. The hotel overlooks the iconic Burj Khalifa and each of the 252 rooms and suites have floor to ceiling windows, which afford spectacular views of the city’s skyline. The hotel enjoys a central location and is a few minutes drive from downtown Dubai and the Dubai Mall. P.R.S.