Web & Data Editor/Reporter
BJ’s Restaurants Inc. (Nasdaq: BJRI) beat expectations on revenue and net income in its most recent quarter and its shares were up more than 10% in Friday trading.
Laguna Riviera Beach Resort sold for $21 million, title transfers and CoStar Group information confirm.
ShiftPixy Inc. in January named Patrice Launay chief financial officer to replace Stephen DeSantis, who resigned in October.
Taco Bell systemwide sales rose 5% in 2017 to $9.8 billion, making it the fourth-largest U.S. restaurant brand by that metric, according to early numbers from Chicago-based food industry consultant Technomic Inc.
A long-rumored Montage Hotels & Resorts property in wine country gets underway this spring for an expected 2020 opening.
Renaissance Hotel Newport Beach debuted today, with the full $30 million renovation expected to finish by spring, a press release said.
Year-over-year Long Beach Airport passenger traffic year-over-year increased 7% in January to about 321,000.
Airport Bustle of Activity Belies Cap’s Cloud Cover
Barry Rondinella greets a guest sans sport coat or suit jacket. He seems a picture of rest and relaxation, and apart from an office setting on Airway Avenue in Costa Mesa on the other side of tarmac and terminals from John Wayne Airport—whose operations he’s directed for 27 months—the man could be canvassing a JWA concourse, arrivals or departures, on holiday or heading to one.
Solitary Work Connects Care, Corporate Concerns
They say there’s balance in nature.
A Chicago hospitality company has joined Acacia Research Corp. in an investment in a Pasadena-based robotics maker for the restaurant industry, and a University of California-Irvine professor has joined that firm’s advisory board.
Irvine-based Taco Bell said senior executives Julie Felss Masino and Liz Williams will co-lead the company when Chief Executive Brian Niccol departs for the top slot at Chipotle Mexican Grill Inc. in Denver on March 5.
Brian Niccol will leave the top slot at Taco Bell to lead Chipotle Mexican Grill, effective March 5.
Visit Anaheim said 24.2 million visited the city it promotes in 2017, a 5.1% increase over 2016, according to data gathered and analyzed by CIC Research Inc. in San Diego.
Mortgage Broker Plans Offerings for a Lifetime
One old entrepreneur story has it that someone who knows nothing about an industry launches a venture, buys a fictitious-business name filing published in a favorite local business journal, and with some unsexy stuff in-between, is eventually visited by success, snagging a slew of small-business honors, buying a Revero, then doing it all over again. Alex Chen is doing it all wrong.
Selling Entrepreneurs On ‘Extreme Discount’
“I’d rather work a hundred hours for myself than 40 hours for someone else,” says Ryan Stack.
Activity Level Belies Slow-Growth Numbers
2017 revenue and hiring at Orange County-based minority-owned businesses showed little change from 2016, according to Business Journal research—including slight declines at companies such as No. 3, Alorica in Irvine, and No. 7, New American Funding.
Orange County Business Council named six “game changers” for 2018 and Steve Churm, chief communications officer of Great Park Neighborhoods developer FivePoint, was sworn in as board chair at the group’s annual dinner Thursday.
JetBlue Airways Corp. plans to contest $264,000 in fines levied against it between April and November for violating the Long Beach Airport curfew, news reports said.
OC hotels sold at a slightly lower rate for a markedly lower dollar volume last year—but results were affected by the lack of a trophy property sale in 2017, a survey by broker-consultant Atlas Hospitality Group in Irvine shows.
Indices fell in midday trading as investors braced for higher interest rates and market volatility continued.
Yum Brands Inc. in Louisville, owner of Irvine-based Taco Bell, will buy 3% of GrubHub Inc. in Chicago for $200 million.
An affiliate of CW Capital Asset Management LLC bought the Portofino Inn & Suites for $26 million, its second such deal in the last few years for the bad debt of a Disneyland Resort-area hotel.
Walt Disney Co.’s parks and resorts unit, which includes Disneyland Resort in Anaheim, reported double-digit increases in revenue and operating income which pushed the Burbank entertainment giant’s shares up 2% after-hours to a $160 billion market cap.
TOURISM: Ex-resort executive D’Amaro returns to Disneyland
Disneyland Resort presidents move up or out.
Indices were down more than 1% apiece in midday trading amid a sell-off in equities, strong jobs data pointing to higher interest rates and a jump in treasury yields.
A Kimpton and a Le Meridien are two of the three hotels coming to a 5-acre site, next to a Target store and across Harbor Blvd. from the Hyatt Regency Orange County, in Garden Grove.
Indices have settled into standard territory after early morning surges sparked by President Trump’s State of the Union speech last night.
KonaRed Corp. in San Clemente will work with L.A. Libations in El Segundo to expand its line of cold brew coffee and other products.
The search for missing Boardriders Inc. Chief Executive Pierre Agnes -- a three-day scouring of the sea off the Atlantic Coast of France -- has ended, news reports say.
National Association of Music Merchants in Carlsbad said its annual Anaheim Convention Center trade show and music pageant, which ended Sunday, drew 115,085 registrants and about 2,000 exhibiting companies.
Growth Headed to OC Will ‘Touch ‘em All’
It’s a hospitality industry truism: heads in beds.
From New Towers to New Tastes, Hotels Spruce Up
Renovation has come to the fore among local hotels as construction slowed last year and several prominent redo projects concluded or are scheduled to debut.
The Business Journal’s Paul Hughes asked local hoteliers to talk about something in the meetings and conventions arena that they chose not to pursue last year due to limited time, talent or resources—and about those projects that they did pursue to enhance events.
Events Digs Make Splash as SF Up 2.1%
Meeting space is what the community of business is, at least for the 52 hotels on this week’s list.
Passenger traffic and commercial flights at John Wayne Airport last year were about the same as in 2016 as the facility works to stay under its annual cap for another three years.
Long Beach Airport passenger traffic was 1.9 million in 2017, up 33% over the previous year.