Paul Hughes

Web & Data Editor/Reporter

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

Recent Stories

El Pollo Loco $8.8M Judgment Confirmed

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.

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Poké Chain Gets Japan-Based Investment

Pokéworks in Irvine said it received an investment from Toridoll Holdings Corp. in Japan.

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AVD Up But Misses on Revenue

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.

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PHG Names CFO

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.

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Real Mex Files BK; To Sell

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.

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3 OC Hospitals in DOJ Settlement

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.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,834.55.

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Taco Bell Quarter Mixed

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.

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Next Stop on Taco Bell’s World Tour: Bangkok

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.

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Loco Revenue Flat, Income Down

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.

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Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,825.31.

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Habit Revenue, Net Income, Comps Up

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%.

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Potbelly’s 4 in OC, Finally

Potbelly Corp. looks to finally open in OC with four franchised locations, starting with one in Irvine, early next year.

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OC Hotels’ YTD Strong

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%.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,812.69.

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Hospitality Platform Names CEO

BirchStreet Systems Inc. in Newport Beach promoted Stephen Markle to chief executive, succeeding founder Sushil Garg.

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Midday Stock Roundup

The S&P 500 was down 0.6% in midday trading to 2,819.52.

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BJ’s Up

BJ’s Restaurants Inc. (Nasdaq: BJRI) in Huntington Beach reported net income of $16.9 million, up 76% year-over-year, on revenue of $287.6 million, up 8%, in its most recent quarter.

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Del Taco Quarter Mixed

Del Taco Restaurants Inc. (Nasdaq: TACO) reported $4.2 million in net income, down 20% year-over-year, on $117.8 million in revenue, up 8.5%, in its most recent quarter.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,838.57.

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John Wayne Up 5% in June

John Wayne Airport passenger traffic in June rose about 5% to 950,000, compared with the same month last year; year-to-date traffic was 5.24 million.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,829.28.

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Long Beach Air Traffic Up 12%

About 350,000 passengers moved through Long Beach Airport in June, up 12% compared with the same month last year.

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Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,816.79.

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OC Hotel Development Steady; More to Come

Three new Orange County hotels with 445 rooms opened in the first half of 2018, according to data from Irvine hotel broker-consultant Atlas Hospitality Group.

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Pizza Franchise Developer Ready

Mountain Mike’s Pizza LLC in Newport Beach said Robofran Development LLC expects to sell 40 franchises over the next 10 years as an area developer in Riverside and parts of San Bernardino Counties.

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Chicken Franchise Adds 3 in OC

City of Industry-based Yang Ming Yu Braised Chicken USA Group plans three franchised locations of Yang’s Braised Chicken Rice in OC, following its first store in the U.S., a corporate location that opened in Tustin in September.

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,809.83.

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,813.86.

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Taco Bell Goes Big Overseas

Taco Bell Corp. in Irvine signed current franchisees in Spain and Brazil to add 40 locations a year between the two countries over the next decade.

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Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,810.26.

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Galaxy’s Edge Not So Far Away

Patents Point to Parent’s 2019 Pledge

A slew of U.S. patents issued over the last 10 weeks to Disney Enterprises Inc. give expression to experiences planned for Star Wars: Galaxy’s Edge, the new 14-acre “land” at Disneyland Resort that Walt Disney Co. plans to open by next summer.

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To Rodrigo’s We Must, for Food and Family

RESTAURANTS: Name’s changed; rest is the same

Owners are the same, staff’s still friendly, food’s still good.

5 Takes on Beach-Town Luxury Hotel Living

R.D. Olson Tapped Local Designers for Lido Job

“People redo their homes every seven to 15 years,” said Brooke Wagner.

Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,803.56.

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NJ Pendry Preps $1M Homes

A Pendry Hotel planned for a 2020 opening in Somerseet County, New Jersey, will include 24, for-sale residences on land once fit for a king.

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Midday Stock Roundup

The S&P 500 was up 0.7% in midday trading to 2,793.69.

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Midday Stock Roundup

The S&P 500 was down 0.7% in midday trading to 2,776.05.

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Iteris Gets $3.5M OCTA Deal

Iteris Inc. will synchronize traffic signals and make other timing and infrastructure changes at 59 intersections under a three-year, $3.5 million contract with Orange County Transportation Authority.

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2019 Weightlifting Event Shifts to Vegas

Budapest-based International Weightlifting Federation moved its March 2019 youth world championship from Anaheim to Las Vegas during the group’s executive board meetings in Tashkent, Uzbekistan, a news report said.

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Midday Stock Roundup

The S&P 500 was up 0.9% in midday trading to 2,760.77.

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Taco Bell Heats Up Down Under

A franchiser of fast food restaurants has said Australia looks good for more Taco Bell locations—in some cases possibly replacing Sizzler locations it operates there.

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$180M in Galaxy’s Edge Construction Phase

A series of six construction permits for projects with a combined value of $180 million pulled over the last 30 days in Anaheim suggest the home stretch for elements of Star Wars: Galaxy’s Edge, the new “land” expected to open next summer at Disneyland Resort.

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CBRE: Hotel Numbers Up in May

Average daily rates, occupancy, and revenue per available room held steady or grew year-to-date compared with the same period in 2017, research from CBRE Hotels in Los Angeles shows.

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Midday Stock Roundup

The S&P 500 was up 0.7% in midday trading to 2,734.29.

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Long Beach Airport Up In May

Long Beach Airport passenger traffic rose 8% in May, year-over-year, to about 345,000. Year-to-date traffic is up 9% to about 1.7 million.

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Franchise Players

Two restaurant chain deals, $190M in annual sales

Newport Beach private equity investors that bought two franchises in 11 months are on the hunt for more.

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Airport Traffic Up In May

John Wayne Airport passenger traffic was up 4% in May, year-over-year, to 916,000, on about 4,000 flights, up 2% compared with the same month in 2017.

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Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,711.53.

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Anaheim Could Get 65K With DesignerCon

TOURISM: Toy story’s ending not yet written

Ben Goretsky booked 140,000 square feet at Anaheim Convention Center for his DesignerCon, a November showcase of art, design and products for toy and collectibles aficionados that had been at Pasadena Convention Center since its inception 13 years ago.

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