September 05, 2010
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Your Travel Franchise Financial News SourceFranchise News Watch brings you the latest in travel franchising financial news from around the web. As a news aggregator for the travel franchise industry, Franchise News Watch streams the latest ground breaking franchise articles, features, guides, blogs, news and more directly to your desktop.  Travel Franchise Financial NewsChoice Hotels Reports Full Year 2009 Adjusted Diluted EPS of $1.71, Domestic Unit Growth of 4.0%Choice Hotels International, Inc. (NYSE: CHH) today reported the following highlights for fourth quarter and full year 2009... Wyndham Worldwide to Report Fourth Quarter and Full Year 2009 Earnings on February 10, 2010; Conference Call and Webcast at 8:30amWyndham Worldwide Corporation (NYSE: WYN) today announced that it will report fourth quarter and full year 2009 results Wednesday, February 10, 2010. Steve Holmes, Chairman and CEO and Tom Conforti, Executive Vice President and Chief Financial Officer... Choice Hotels International Declares Cash Dividend of $0.185Choice Hotels International, Inc. (NYSE: CHH) today announced that its Board of Directors declared a quarterly cash dividend of $0.185 per share of common stock. The dividend is payable on January 15, 2010 to shareholders of record on January 4, 2010. Starwood Announces Completion of Its Cash Tender Offer for $300,000,000 Aggregate Principal Amount of Certain of Its Outstanding NotesStarwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today the completion of its cash tender offer (the "Tender Offer") to purchase up to $300 million aggregate principal amount of its outstanding 7.875% Senior Notes due 2012... Red Lion Reports Third Quarter 2009 ResultsRed Lion Hotels Corporation (NYSE: RLH) today announced its results for the third quarter and nine-month period ended September 30, 2009. Summary results for the three and nine-month periods follow... Starwood's Board Approves Annual Dividend of 0.20 Per ShareStarwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that its Board of Directors has declared the Company's annual cash dividend of $0.20 per share. The dividend will be paid on January 14, 2010 to shareholders of record on... Wyndham Worldwide Reports Third Quarter 2009 ResultsWyndham Worldwide generated diluted adjusted earnings per share (EPS) of $0.58, compared with Company-issued guidance of $0.53 - $0.57. Reported EPS was $0.57. The Company raises full-year 2009 adjusted EBITDA guidance to $775 - $825 million, compared... Wyndham Worldwide Completes $350 Million Term SecuritizationsWyndham Worldwide Corporation (NYSE: WYN) today announced that it has completed two term securitization transactions involving the issuance of $350 million of investment-grade asset-backed notes... Choice Hotels International Declares Cash Dividend of $0.185Choice Hotels International, Inc. (NYSE: CHH) today announced that its Board of Directors declared a quarterly cash dividend of $0.185 per share of common stock. The dividend is payable on October 16, 2009 to shareholders of record on October 2, 2009. Red Lion Hotels Announces Termination of Shareholder Rights PlanRed Lion Hotels Corporation (the "Company") (NYSE: RLH) today announced the termination of the Company's Shareholder Rights Plan (the "Plan"). The Company entered into an amendment to its Plan, which accelerated the final expiration date of the Plan... Red Lion Reports Second Quarter 2009 ResultsRed Lion Hotels Corporation (NYSE: RLH) today announced its results for the second quarter and six-month period ended June 30, 2009. Summary results for the three and six-month periods follow... Choice Hotels Reports Second Quarter 2009 Adjusted Diluted EPS of $0.44, Domestic Unit Growth of 4.8%Choice Hotels International, Inc., (NYSE: CHH) today reported the following highlights for second quarter 2009... Red Lion Hotels Corporation Added to Russell 2000(R) IndexRed Lion Hotels Corporation (NYSE: RLH) today announced that it has officially been added to the U.S. small-cap Russell 2000(R) Index after the Russell Investment Group reconstituted its comprehensive family of global indexes on June 26, 2009. Red Lion Hotels Corporation Set to Join Russell 2000(R) IndexRed Lion Hotels Corporation (NYSE: RLH) today announced that it anticipates being added to the U.S. small-cap Russell 2000(R) Index based upon preliminary disclosures by the index. The official addition is planned to occur after the Russell Investment... Wyndham Worldwide Prices $250 Million of Senior Unsecured Notes and $200 Million of Convertible NotesWyndham Worldwide Corporation (NYSE: WYN) today announced the pricing of $250 million aggregate principal amount of senior unsecured notes due 2014 and $200 million aggregate principal amount of convertible notes due 2012. Wyndham Worldwide Corporation Declares Cash DividendWyndham Worldwide Corporation (NYSE: WYN) today announced its Board of Directors declared a cash dividend of $0.04 per share on its common stock, payable June 12, 2009 to shareholders of record as of May 28, 2009. Choice Hotels Reports First Quarter 2009 Diluted EPS of $0.27, Domestic Unit Growth of 5.7%Choice Hotels International, Inc., (NYSE: CHH) today reported the following highlights for first quarter 2009... Starwood Hotels & Resorts Worldwide, Inc. Announces First Quarter 2009 Earnings Release DateStarwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that it will release the Company's first quarter financial results prior to market open on Thursday, April 30, 2009, followed by a conference call at 10:30am ET. The conference call Wyndham Worldwide Completes $46 Million Term SecuritizationWyndham Worldwide Corporation (NYSE: WYN) today announced that it closed a term securitization transaction on March 13, 2009, involving the issuance of $46 million of investment grade asset-backed notes by Special Asset Facility 2009-A LLC, an indirect... Wyndham Worldwide Updates Financial PlansWyndham Worldwide Corporation (NYSE:WYN) today announced it is withdrawing its intention to enter into an at–the–market equity sales program and will not enter into a distribution agreement or file a related prospectus supplement. Red Lion Reports Fourth Quarter and Full Year 2008 Results; Fourth Quarter RevPAR Decreased by 8.3%Red Lion Hotels Corporation (NYSE: RLH) today announced its results for the fourth quarter and full year ended December 31, 2008. Choice Hotels Reports Full Year 2008 Adjusted Diluted EPS of $1.78, Domestic Unit Growth of 6.1%Choice Hotels International, Inc. (NYSE: CHH) today reported the following highlights for fourth quarter and full year 2008... Choice Hotels International Declares Cash Dividend of $0.185Choice Hotels International, Inc., (NYSE: CHH) today announced that its Board of Directors declared a quarterly cash dividend of $0.185 per share of common stock. The dividend is payable on April 17, 2009 to shareholders of record on... Red Lion Hotels to Report Fourth Quarter 2008 Results on Wednesday, February 11, 2009Red Lion Hotels Corporation (NYSE: RLH) today announced that it will report fourth quarter 2008 results after the market closes on Wednesday, February 11, 2009. Update to Previous Announcement - Choice Hotels Updates Dial-In Information for Company's 4th Quarter and Full-Year 2008 Earnings Conference Call on FChoice Hotels International, Inc. (NYSE: CHH) today updated the dial-in information for its conference call on Wednesday, February 11, 2009 at 10:00 a.m. EST to discuss the company's fourth quarter and full-year earnings. The company will report fourth... Red Lion Hotels Corporation Adopts Stockholder Rights PlanRed Lion Hotels Corporation (NYSE: RLH) today announced that its Board of Directors has adopted a stockholder rights plan. The Board adopted the plan to ensure that all the Company's stockholders are treated fairly at a time when the Company's shares... Choice Hotels to Report 4th Quarter and Full-Year 2008 Earnings on February 10, 2009; Conference Call to Be Held on February 11, 2009Choice Hotels International, Inc. (NYSE: CHH) today announced that it will report fourth quarter and full-year 2008 results after market close on Tuesday, February 10, 2009. The company will hold a conference call to discuss its fourth quarter and... Starwood Hotels & Resorts Worldwide, Inc. Announces Fourth Quarter 2008 Earnings Release DateStarwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that it will release the Company's fourth quarter financial results prior to market open on Thursday, January 29, 2009, followed by a conference call at 10:30am ET. The conference.. Choice Hotels International Declares Cash Dividend of $0.185Choice Hotels International, Inc., (NYSE: CHH) announced today that its Board of Directors declared a quarterly cash dividend of $0.185 per share of common stock. The dividend is payable on January 16, 2009 to shareholders of record on January 5, 2009 Starwood Board Approves Annual Dividend of $0.90 Per ShareStarwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that its Board of Directors has declared the Company's annual cash dividend of $0.90 per share. The dividend will be paid on January 9, 2009 to shareholders of record on December... Red Lion Reports Third Quarter 2008 ResultsRed Lion Hotels Corporation (NYSE: RLH) today announced its results for the third quarter and nine months ended September 30, 2008. Despite a difficult market environment, RevPAR for the quarter at owned and leased hotels decreased by 1.0% while... Wyndham Worldwide Reports Solid Third Quarter 2008 ResultsWyndham Worldwide Corporation (NYSE:WYN) today announced results for the three months ended September 30, 2008. Choice Hotels Reports Third Quarter 2008 Diluted EPS of $0.57, Domestic Unit Growth of 6.0%Choice Hotels International, Inc., (NYSE: CHH) today reported the following highlights for third quarter 2008: Wyndham Worldwide Expects Third Quarter 2008 Results of $0.80-$0.82 Adjusted EPSWyndham Worldwide (NYSE: WYN) today announced it expects third quarter 2008 adjusted earnings per share of $0.80 - $0.82, consistent with third quarter earnings per share guidance, or expected GAAP earnings per share of $0.78 - $0.80, including... Starwood Hotels & Resorts Worldwide, Inc. Announces Third Quarter 2008 Earnings Release DateStarwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) announced today that it will release the Company's third quarter financial results prior to market open on Thursday, October 23, 2008, followed by a conference call at 10:30am ET. The conference... InterContinental Hotels Group PLC Announces Americas RevPAR Growth to 31 August 2008InterContinental Hotels Group's ("IHG") annual conference for hotel owners in the Americas region commences this week. The revenue per available room (RevPAR) performance of IHG's brands in the Americas for August 2008 will be disclosed at this... Choice Hotels International Increases Dividend By 9 PercentChoice Hotels International, Inc., (NYSE: CHH) today announced that its Board of Directors has approved a 9 percent increase in the quarterly cash dividend on the company's common stock, representing an increase from $0.17 to $0.185 per share,... Half Year Results to 30 June 2008Operating profit from continuing operations increased 10% to $242m. Excluding the $13m liquidated damages, continuing operating profit grew 4%. Wyndham Worldwide Reports Solid Second Quarter 2008 ResultsWyndham Worldwide Corporation (NYSE: WYN) today announced results for the three months ended June 30, 2008. Choice Hotels Reports Second Quarter 2008 Adjusted Diluted EPS of $0.49, Domestic Unit Growth of 6.2%Choice Hotels International, Inc., (NYSE: CHH) today reported the following highlights for second quarter 2008... Wyndham Worldwide Corporation Declares Cash DividendWyndham Worldwide Corporation (NYSE:WYN) today announced its Board of Directors declared a cash dividend of $0.04 per share on its common stock, payable September 11, 2008 to shareholders of record as of August 28, 2008. Red Lion Hotels Corporation Receives Unsolicited Indication of Interest from Columbia Pacific Opportunity Fund, LPRed Lion Hotels Corporation (NYSE: RLH) (the "Company") today said that it has received an unsolicited, non-binding and conditional preliminary indication of interest to acquire the Company from Columbia Pacific Opportunity Whitbread AGM Trading StatementWhitbread PLC, the hotel and restaurant group, will today report a positive start to the year at its Annual General Meeting. IHG Announces Change Of Reporting Currency To US DollarsInterContinental Hotels Group PLC ("IHG") intends to change the reporting currency of its Group accounts from sterling to US dollars, reflecting the profile of revenue and operating profit, which are now primarily generated in US dollars or US dollar-link Hotel Indigo impresses with 26% room growth in Q1; continues building strong pipelineHotel Indigo continued its growth momentum with a strong first quarter 2008 as the brand opened three new hotels totaling nearly 400 rooms - increasing its room count by 26 percent. Red Lion Reports First Quarter 2008 ResultsRed Lion Hotels Corporation (NYSE: RLH) today announced its results for the first quarter ended March 31, 2008, showing continued growth in RevPAR and EBITDA from continuing operations. First Quarter Results to 31 March 2008Commenting on the results and trading, Andrew Cosslett, Chief Executive of InterContinental Hotels Group PLC said... Wyndham Worldwide Reports Solid First Quarter 2008 ResultsWyndham Worldwide Corporation (NYSE: WYN) today announced results for the three months ended March 31, 2008. Choice Hotels International Declares Cash Dividend of $0.17Choice Hotels International (NYSE: CHH) announced today that its Board of Directors declared a quarterly cash dividend of $0.17 per share of common stock. Whitbread PLC preliminary results for the financial year to 28 February 2008Alan Parker, Chief Executive Whitbread PLC, said: "2007/8 was a year of excellent progress with good results across the Company. |
Features & Special ReportsFranchising With Family Members Can Be Fraught With Danger Or Filled With SuccessIt can be difficult enough to get a franchise up and running on your own, or with other operational and investing partners, but it can be downright arduous if family members are involved in the deal. But that's the route some franchisees take and when done properly this management model can provide years of personal and professional harmony. But there are some secrets to making it work. Go in unprepared and you could break up a business and a family. The Winner's ColumnAs savvy franchise companies continue to flourish in this challenging economy, FUSR will continue to bring you good news each month, highlighting brands that are adding units, increasing comp store sales, striking deals with investors, and continuing to grow despite the economy - maybe even because of it. And, as the U.S. struggles through its "jobless recovery," growth-oriented franchisors continue to look overseas for expansion opportunities. Sales Intelligence for Superior Performance, Part 2Aggressive growth companies measure the performance of their sales personnel just as they do their advertising. With high recruitment expenses you can't afford mediocre selling performance, which costs dearly in lost franchise deals. A policyholder survey by Prudential Insurance revealed that the greatest influencing factor in the buying process is the sales person. Turning Around Struggling FranchiseesTwo years of tight credit and reduced consumer spending have left many franchisees reeling and put a serious crimp in franchisors' royalty streams. Workout professionals and bankruptcy attorneys experienced in franchising discuss what franchisors can do to help turn around distressed units - without spending scarce funds or getting themselves into legal hot water. New Gift Card Regulations Kicked in August 22ndLast year when President Obama signed the Credit Card Act of 2009 (the Act") into law, the nation's attention largely focused on those provisions of the law that aim to change the way credit card companies do business with consumers. However, since the Act imposes requirements on gift card issuers, it also changed the way many retailers and franchise companies will do business with consumers. Strong Cultures Sell More Franchises!Every franchise organization has a culture, the same way every person has a personality. If your franchise brand is serious about growth and development, ask yourself these two questions: 1) Does our franchise system have a strong, positive culture?; and 2) Is it a culture that promotes selling franchises? Special Operations: Franchising in a Strange LandOpening franchise units in nontraditional locations has been the domain of specialists--but not anymore. With the economy still slumping, lending still tight, and suburban expansion at a standstill, many multi-unit franchisees are exploring the viability of sites such as airports, hotels, colleges, senior centers, highway rest stops, hospitals, and military bases. Rolling with the Punches: Franchisors Continue Adapting to ChangeThe rules and methods for franchise sales are changing daily with the general public's increasing awareness of the economy, deficits, lending, the housing market, and more. As some of us "graybeards" can remember, this isn't the first time the rules have changed--and it won't be the last. Change on the HorizonJust like any business, the franchising business is one that I have seen evolve tremendously over the past 30 years. While many of the cornerstones and crucial elements - product, simplicity, control, and support - remain the same, so much is changing. Hiring Entrepreneurs: A Case Study of Hiring the Spirit of SuccessAs we continue to mine Dave Melton's book, <i>Hire the American Dream,</i> I thought it would be interesting to highlight a case study that demonstrates just how successful smart hiring can be. Here Melton describes his experience hiring an immigrant.
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