Paul Hughes

Web & Data Editor/Reporter

Email: hughes@ocbj.com
Phone: 949-833-8373 Extension: 236

Recent Stories

2017 Tourism: $21 Billion

Local tourism last year produced $21.3 billion in economic impact, according to a new report from the Orange County Visitors Association.

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Hospitality Shows Go To OC Operator

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.

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Midday Stock Roundup

The S&P 500 rose 0.2% in midday trading to 2,815.61.

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NB Hotel Operator to Add Three

Twenty Four Seven Hotels in Newport Beach will run three inland area hotels for Cerritos-based Soquel Rincon TPS LLC.

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Del Taco Ratchets Guidance Down

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.

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Airport Up 6% in August

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.

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Midday Stock Roundup

Indexes were down sharply on a surge in Treasury yields and declines in technology stocks.

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Taco Bell Operator Plans 50 in Australia

Collins Foods Ltd. will open 50 Taco Bell locations in three years in three states in Australia.

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Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,936.83.

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GSF in Talks to Sell Some Sites

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.

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JWA Loses Albuquerque Service

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.

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Long Beach Air Traffic Up 11%

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.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,923.28.

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Nékter in 4-State, 30-Unit Deal

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.

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Willdan Gets $17M Schools Projects

Willdan Group Inc. (Nasdaq: WLDN) got $17 million in contracts with Colorado school districts.

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Midday Stock Roundup

The S&P 500 was down 0.5% in midday trading to 2,914.82.

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Habit Burger Signs Rare Franchise Deal

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.

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Midday Stock Roundup

The S&P 500 was up 0.6% in midday trading to 2,906.09.

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Cattle Driven

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.

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Johnny Rockets Promotes President to CEO

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.

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$400M Montage Project to Montana

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.

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Marwaha Family Buys 3rd SD Hotel

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.

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Sock Hoppin’ Sales

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.

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Midday Stock Roundup

The S&P 500 ticked down 0.1% in midday trading to 2,901.51.

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Montage, Ritz Up For Sale, Again

$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.

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Pizza Chain Names Yum Vet President, COO

Mountain Mike’s Pizza LLC hired Jim Metevier as president and chief operating officer.

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Language School Plots Franchise Growth

Portal Languages in Costa Mesa plans six franchised locations to add to three sites it has opened so far in OC.

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Rossignol Picks Global Bike Chief

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.

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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,887.65.

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T2 Buys Second Denver Parking Lot

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.

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John Wayne FBO Gets Interim GM

Atlantic Aviation Named Kirsty Fournier interim general manager of its John Wayne Airport fixed base operations, replacing Mike Phegley.

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Restaurant Temp Firm Adds Delivery

ShiftPixy Inc. said it will offer delivery driver employees to fast food and fast casual restaurant clients.

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PE-Backed Sauce Maker Buys Salsa Co.

Stir Foods LLC in Orange and Pacifica Foods, which has a facility in Corona, bought an Oceanside-based salsa maker on undisclosed terms.

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Ruby’s Files BK

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.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,888.71.

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Two Hotel Submarkets Now 90% Full

Hotels in Newport Beach and Huntington Beach topped 90% occupancy in July, according to a monthly report from Los Angeles-based CBRE Hotels.

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Marijuana Themed Sub Shop to OC

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.

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JWA’s July Up 8%

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.

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John Wayne Ride-Share Growth Prompts Fee Revamp

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.

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Midday Stock Roundup

The S&P 500 rose 0.5% in midday trading to 2,911.29.

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Anaheim Ends Disney Deals

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.

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El Pollo Loco Creates Chief HR Role

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.

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Anaheim Isn’t Happiest Place for Developers

HOTELS: $1.1 billion in new hotels at risk

A sizzling summer for Anaheim hotels is getting hotter in more ways than one.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,859.38.

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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,864.19.

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Disney Letter Hits Development Debate

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.

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Long Beach Airport Up 10%

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.

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Midday Stock Roundup

The S&P 500 rose 0.3% in midday trading to 2,857.76.

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Midday Stock Roundup

Indexes were up at midday on company earnings; shares of Walmart Inc. shot up almost 10% after the retailer released its second quarter report.

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Disney Suspends Hotel Project

Walt Disney Co. has stopped work on its fourth hotel near Disneyland Resort in Anaheim, the company said.

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