Web & Data Editor/Reporter
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.
Visit Anaheim said OC's two largest tradeshows by attendance—National Association of Music Merchants and Natural Products Expo West—have booked their slots at Anaheim Convention Center through 2023 and 2022, respectively.
Huntington Beach-based MailPix Inc. bought PrintShopLab, the printing unit of Denver-based Photobucket Corp., on undisclosed terms.
Those Built in Disney’s Early Days Get 21st Century Updos
When Bill O’Connell entered the hotel business in Anaheim 50 years ago, “Disneyland was closed on Mondays and Tuesdays” for cleaning and repairs.
Irvine-based Montage International’s luxe resort unit, Montage Hotels & Resorts, is the 14th-best resort brand in the world, according to readers of Travel & Leisure magazine.
We launched a Draft Nitro program in late 2017 that features full draft beer and nitro coffee programs for groups.
DMO Hiring; Great Park Supports Athletic Events
Destination Irvine and area hotels are courting more sports-related meetings and events as facilities at the city’s Great Park continue to open.
Terra Tech Corp. (OTC: TRTC) said quarterly revenue increased 11% to $8.7 million, year-over-year, but net loss also increased, to $11.4 million from $500,000.
Eight hotels with 955 rooms sold in Orange County through the first six months of the year, compared to 16 hotels with 1,803 rooms, year-over-year, according to Atlas Hospitality Group in Irvine.
Lazy Dog Restaurant & Bar will open a location in Georgia next spring, a new market for the Huntington Beach-based casual dining chain.
Year-over-year Walt Disney Co. parks and resorts’ operating income rose 15% to $1.34 billion in the most recent quarter on a 6% revenue bump to $5.2 billion. The income growth was the highest of the entertainment company’s four divisions, and the revenue increase was second-highest.
Five quick service restaurant chains based in Orange County—or soon to be—made trade magazine QSR’s list of the 50 largest such companies in the U.S., ranked by 2017 systemwide sales.
Costa Mesa-based El Pollo Loco Holdings Inc. must pay $8.8 million to franchisees who sued the fast food chicken chain when it opened corporate stores near their location, a Los Angeles Superior Court judge said.
Pokéworks in Irvine said it received an investment from Toridoll Holdings Corp. in Japan.
Newport Beach-based chemicals maker American Vanguard Corp. earned $5.6 million in quarterly net income, up from $4.3 million year-over-year, on revenue of $107 million, up from $78 million.
Pacific Hospitality Group named Melanie Bucci chief financial officer;. She was most recently vice president of finance at Montage International for about eight years; both are hotel management companies based in Irvine.
Holding companies that own chains run under Real Mex Restaurants Inc. have filed for bankruptcy and will sell to an affiliate of New York-based private equity firm Z Capital Group LLC, which along with Santa Monica-based Tennebaum Capital Partners will provide $5.5 million in debtor-in-possession financing during the Chapter 11 process.
Ontario-based Prime Healthcare Services Inc. and its chief executive have agreed to pay $65 million to settle federal allegations of Medicare overbilling at 14 California Hospitals, including four in Orange County, the U.S. Attorney’s Office said Aug. 3.
Taco Bell Corp. in Irvine reported lower quarterly operating profit on higher systemwide sales, with same-store sales up, but below expectations and less than the same period a year ago.
FRANCHISING: Master plan’s eyes on India, Aussie
Taco Bell Corp. is on track to top $10 billion in systemwide sales this year, and unlike Bogie and Bacall, it doesn’t even have Paris—yet.
El Pollo Loco Holdings Inc. said quarterly revenue increased less than 1% to $106 million and net income fell by a third, to $5.1 million, compared with the same period last year.
Habit Restaurants Inc. in Irvine reported quarterly income of more than $2 million on revenue topping $103 million, up 90% and 23% respectively. Comparable same-store sales at the casual burger chain grew 1.2%.
Potbelly Corp. looks to finally open in OC with four franchised locations, starting with one in Irvine, early next year.
The local hotel market continued strong in the first six months of the year, compared with the same period last year, with average daily rates of $194; revenue per available room about $156, and occupancy of more than 80%.