SERVICES
Taco Bell’s Williams to Stitch Fix Board
Stitch Fix Inc. named Liz Williams, president of Taco Bell International, to its board, noting her experience with branding and foreign markets.
Del Taco Shares Up On 4Q Prelims
Shares in Lake Forest-based Del Taco Restaurants Inc. (Nasdaq: TACO) rose 6.4% after reporting fourth quarter preliminary results and issuing a 2019 forecast.
Mo, Better Booze
Mo Honarkar could soon supplant Dane Eiler “the Greeter” Larsen as Laguna Beach’s best-known local after buying a stretch of city properties along Coast Highway, including the iconic Hotel Laguna (the Insider’s favorite wedding spot), which Honarkar vows to restore “to its former glory.”
Senior Housing Developers Pay $21M for IBC Site
DEVELOPMENT: SmartHome site eyed for congregate care
A Dallas-based developer of senior living properties has bought a 3-acre site along Barranca Parkway in Irvine, and plans to start construction later this year on one of the city’s largest and amenity-heavy residential complexes for older residents.
New Shows Tap Trends
Two new events at Anaheim Convention Center reflect efforts by area tourism marketers to play to the city’s strengths and bring larger or higher-dollar events to the venue.
Pacifica Hotels Promotes President
Aliso Viejo-based Pacifica Hotels has promoted Adam Marquis to president, responsible for operations and development for its 41 owned, managed, or in-development properties in California, Florida, and Hawaii.
Hotel Openings Down; Construction Up
Three hotels totaling 445 rooms opened in Orange County in 2018, down 54% from the 960 rooms at six hotels that opened in 2017, data from Irvine-based hotel broker-consultant Atlas Hospitality Group show.
Bob’s the Builder
Olson Brings Hotel Glitz to NB, Irvine, Dana Point
It’s been a whirlwind period of growth for Bob Olson, who over a 10-year stretch has gone from Orange County’s biggest and best-known hotel developer, to the largest in Southern California, to the most prolific in the Golden State.
HB Hotels Lead RevPAR Growth
Hotels in Huntington Beach reported by far the biggest jump in revenue per available room (RevPAR) in November, according to a report by CBRE Hotels in Los Angeles.
HFC Buys 4th Franchiser
Home Franchise Concepts in Irvine on Jan. 1 bought AdvantaClean in Huntersville, N.C., on undisclosed term, its fourth home-improvement franchise system. It already owned Budget Blinds, Tailored Living and Concrete Craft.
Air Traffic Down in November
John Wayne Airport passenger traffic declined about 5% year-over-year in November to 850,000. Year-to-date passenger totals are up about 3.3% to 9.8 million.
Long Beach Airport Traffic Declines
Passenger traffic at Long Beach Airport declined 18% in October and 9% in November compared with the same months last year, to 270,000 and 293,000, respectively.
Chipotle Adds Legal, Development Execs
Chipotle Mexican Grill Inc. (NYSE: CMG) in Newport Beach named Roger Theodoredis chief legal officer and Tabassum Zalotrawala chief development officer.
Chapman Sees Slowing Economy
The economies of Orange County, California and the U.S. should continue their expansions next year, albeit at slower rates, according to Chapman University’s annual economic forecast.
Buena Park Food Maker Sold
Buena Park-based Simply Fresh Foods was sold to Lakeview Farms LLC in Delphos, Ohio.
