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Bill Newbold, senior director of operations for Cycle Gear, give us an inside look at how the retailer is ramping up for 2014 and beyond.

Today in the news

Riu Plaza driving its U.S. expansion with openings in major markets
posted on Jul 22 14

The Riu Plaza brand is trying to make a big splash in the U.S. lodging space with planned openings in Miami Beach and New York. The Hotel Riu Plaza Miami Beach is a conversion of the former Riu Florida Beach and is scheduled to open November 1. The Riu Plaza New York Times Square, a $300 million new-build project with 654 rooms, is set to launch in November next year. Read the Travel Weekly story here

Posted by: davidc@ccr-mag.com
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Calif. port plans to invest $579M on capital projects in 2015
posted on Jul 22 14

Southern California’s Port of Long Beach has earmarked $579 million to spend on capital enhancements next year as part of a continuing $4 billion push to prepare the port for the future. Read the Platts story here

Posted by: davidc@ccr-mag.com
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Reebok founder proposes $4.6B casino for Jersey City
posted on Jul 21 14

Paul Fireman, Reebok founder and venture capitalist, has proposed a $4.6 billion casino in Jersey City, N.J., that would include a 95-story tower, Ferris wheel and venue for car racing. The project would require the state to allow casino gaming outside of Atlantic City. Read the Las Vegas Review-Journal/The Associated Press

Posted by: davidc@ccr-mag.com
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America’s Best Franchising to sell core brands to Vantage Hospitality
posted on Jul 21 14

Vantage Hospitality has agreed to buy America’s Best Franchising‘s six core brands, including their respective existing hotels. The sale includes hotels in the midscale, upper-midscale and economy segments that are operating under the America’s Best Inns & Suites; 3 Palms Hotels & Resorts; Country Hearth Inn & Suites; Jameson Inn and Jameson Suites; and Signature Inn brands, with a total of more than 225 properties. The transaction includes the license for the Budgetel Inns & Suites brand, which has 18 hotels in operation. Read the HotelNewsNow.com story here

Posted by: davidc@ccr-mag.com
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Marriott’s 1st U.S. AC Hotel to open in New Orleans
posted on Jul 21 14

Marriott International’s first U.S. hotel under its AC upper-midscale brand will be in New Orleans. The AC Hotel New Orleans Bourbon Street will open in the old Cotton Exchange Building in October. Additional AC hotels are slated to open next year in Miami and Kansas City, Mo., in addition to Chicago. Marriott plans to open more than 30 AC hotels in the United States and Latin America during the next three years. Read the Travel Weekly story here

Posted by: davidc@ccr-mag.com
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