Web & Data Editor/Reporter
Local tourism last year produced $21.3 billion in economic impact, according to a new report from the Orange County Visitors Association.
Emerald Expositions Events Inc. (NYSE: EEX) bought several hospitality-focused trade shows, publications, and events from ST Media Group International and Hospitality Media Group on undisclosed terms.
Twenty Four Seven Hotels in Newport Beach will run three inland area hotels for Cerritos-based Soquel Rincon TPS LLC.
Del Taco Restaurants Inc. (Nasdaq: TACO) lowered full-year guidance in its most-recent quarterly report. Revenue and net income grew on a 1.4% increase in systemwide same-store sales, with franchised restaurant comps growing faster than company-owned locations.
John Wayne Airport passenger traffic increased 6% year-over-year in August to 991,000 people; year-to-date passenger numbers are up 5.5% to 7.2 million.
Indexes were down sharply on a surge in Treasury yields and declines in technology stocks.
Collins Foods Ltd. will open 50 Taco Bell locations in three years in three states in Australia.
Golden State Foods Corp. in Irvine said it’s talking with Rosemont, Ill.-based McDonald’s distribution and logistics firm Martin-Brower LLC to sell some distribution centers serving the Golden Arches and reinvest the proceeds to diversify operations.
Alaska Airlines will trim its wings at John Wayne Airport in January, cutting its daily flight from JWA to Albuquerque International Sunport after it began the route in August 2017.
Long Beach Airport traffic rose 11% year-over-year in August to 350,000 passengers; year-to-date traffic is up 10% to 2.7 million.
Nékter Juice Bar Inc. in Santa Ana said a franchisee will open 30 locations of the juice and smoothie chain in Florida, Tennessee, Maryland, and Washington D.C. The latter two are new markets for Nékter; the first store should open in Florida early next year.
Willdan Group Inc. (Nasdaq: WLDN) got $17 million in contracts with Colorado school districts.
Habit Restaurants Inc. said a franchisee will develop nine locations in Eastern Washington and Idaho, with the first ones scheduled to open early next year.
Brea’s West Coast Prime Meats Joins the Herd of Fastest-Growing Private Companies
Craig Nickoloff’s bachelor’s degree in cartography and geography from California State University-Long Beach 44 years ago seems disconnected from his career of running restaurants and supplying them with great meat.
Lake Forest-based Johnny Rockets Group Inc. named President Mike Nolan its chief executive, effective Oct. 1, replacing John Maguire, who has left the company.
Montage Hotels & Resorts will manage Montage Big Sky in Montana when it opens in 2021. The resort getaway project broke ground Friday in a partnership of Montage parent Montage International in Irvine and CrossHarbor Capital Partners LLC in Boston.
An affiliate of Anaheim-based Marwaha Group Inc. paid $22.7 million for Hampton Inn Carlsbad in North San Diego County; the deal closed Aug. 31.
Stance is betting on stores, OC’s fastest-growing private companies are bursting at their annual sales seams—and all are busting out of the pages of this week’s Business Journal.
$1B Valuation, But Distressed Seller May Cut Price
Two of Orange County’s poshest coastal resorts are back on the block and might be worth nearly $1 billion combined based on a hot hotel market and the properties’ prominence.
Mountain Mike’s Pizza LLC hired Jim Metevier as president and chief operating officer.
Portal Languages in Costa Mesa plans six franchised locations to add to three sites it has opened so far in OC.
Rossignol Group, a French maker of ski, snowboard and biking products, named Scott Rittschof to a new position as senior vice president of its global bicycle business, based in Irvine.
T2 Hospitality in Newport Beach bought a quarter-acre of downtown Denver land for $3.55 million, a block from a one-third-acre parcel for which it paid $10 million in 2015, a local news report said.
Atlantic Aviation Named Kirsty Fournier interim general manager of its John Wayne Airport fixed base operations, replacing Mike Phegley.
ShiftPixy Inc. said it will offer delivery driver employees to fast food and fast casual restaurant clients.
Stir Foods LLC in Orange and Pacifica Foods, which has a facility in Corona, bought an Oceanside-based salsa maker on undisclosed terms.
Six affiliates of Ruby’s Diners Inc. filed for bankruptcy August 29, including Ruby’s Quality Diners LLC, Ruby’s SoCal Diners LLC, and four covering specific locations in Huntington Beach, Laguna Hills, Oceanside, and Palm Springs.
Hotels in Newport Beach and Huntington Beach topped 90% occupancy in July, according to a monthly report from Los Angeles-based CBRE Hotels.
Cheba Hut Franchising Inc. in Ft. Collins, Colo., wants to open eight locations in Orange County, part of a push for at least 38 shops in Southern California.
John Wayne Airport passenger traffic rose about 8% year-over-year in July to 991,000; the year-to-date total of 6.2 million passengers is 5.4% higher than a year ago.
TRANSPORTATION: Below- market rates go uptown Sept. 1
John Wayne Airport will raise fees paid by ride-share companies, limousines and shuttles starting Sept.1 to be comparable with other airports and profit from fast-growing firms, including Lyft Co. and Uber Technologies Inc.
Anaheim City Council voted 7-0 Tuesday to end agreements with Disneyland Resort that would have given tax breaks in exchange for investment in the resort’s hotel and parks. Resort President Josh D’Amaro last week had asked the deals be terminated.
El Pollo Loco Holdings Inc. in Costa Mesa named Jennifer Jaffe chief people officer, a new position. She held the same role at Too Faced Cosmetics in Irvine and worked at Estée Lauder Cos., which bought Too Faced in Nov. 2016 for $1.5 billion.
HOTELS: $1.1 billion in new hotels at risk
A sizzling summer for Anaheim hotels is getting hotter in more ways than one.
A letter from Disneyland Resort President Josh D’Amaro to Anaheim Mayor Tom Tait and the city council asking to end an agreement that would provide bed tax rebates from a planned luxury hotel shifts a debate in the city for several developers.
Long Beach Airport traffic in July and year-to-date were each 10% higher year-over-year, with 358,000 passengers in the month and 1.2 million in the first seven months this year.
Indexes were up at midday on company earnings; shares of Walmart Inc. shot up almost 10% after the retailer released its second quarter report.
Walt Disney Co. has stopped work on its fourth hotel near Disneyland Resort in Anaheim, the company said.