Word: luring
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...billion offer by his Kingdom Hotel International and Colony Capital to buy Toronto-based Fairmont Hotels & Resorts. The two companies want to create a $5.5 billion high-end leader, with 120 hotels in 24 countries. Why the interest in prestige North American properties? In part, foreign hoteliers hope to lure nouveau-riche travelers from their own countries. A weak dollar and a low-supply lodgings cycle that analysts expect to last until 2008 help. "The broader trend is private-equity interests in hotel assets," says Deutsche Bank analyst Marc Falcone. So far, shareholders are the biggest winners. Fairmont's stock...
...billion offer by his Kingdom Hotel International and Colony Capital to buy Toronto-based Fairmont Hotels & Resorts. The two companies want to create a $5.5 billion high-end leader, with 120 hotels in 24 countries. Why the interest in prestige North American properties? In part, foreign hoteliers hope to lure nouveau-riche travelers from their own countries. A weak dollar and a low-supply lodgings cycle that analysts expect to last until 2008 help. "The broader trend is private-equity interests in hotel assets," says Deutsche Bank analyst Marc Falcone. So far, shareholders are the biggest winners. Fairmont's stock...
...starkly contrasted alternate plan, HOWGAL: How Opal Will Get A Life. Little, Brown, and Company reports that “the warm family story at the heart of the novel will remind readers of Bend It Like Beckham, but there’s also enough teen comedy to lure fans of... the hit movie Mean Girls. Viswanathan’s book continues a strong tradition of Harvard students delving into the film industry. The novel will be released April 4. The last time a Harvard student, while still in attendance, was approached with a film deal was in the fall...
...hauling a dead butterfly across the ground. Eventually our anxiety for the child breaks as her parents arrive - they had been spraying insecticide in the fields - and embrace her. But their talk reveals the disturbing reason for her total abandonment. The village has emptied in favor of the lure of the big city. So, for O, a little girl can signify the cost of a vast cultural shift...
Sandy Christie knows all about the lure of money and a globe-trotting, upscale lifestyle. He spent 11 years working as an investment banker in London and Tokyo. He got into the business in the 1980s, he says, "because I suppose I was interested in money, and thought it sounded like a very glamorous life, which it was." But Christie says he had increasing qualms about what he was doing and realized it wasn't a job he wanted for the rest of his life. So he quit?and became a priest. "Working for money is ultimately unfulfilling," says Christie...