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Caroline Anderson

Stories by Caroline

Eyes on International Prize

General managers of area hotels outline their strategies for attracting international tourists.

Santa Monica’s Fairmont Miramar Hotel Revises Renovation Plan

The 302-room luxury Fairmont Miramar Hotel & Bungalows in Santa Monica reportedly unveiled a new plan to dramatically alter its footprint.

Hotels Build to Meet L.A. Travel Boom

Westdrift renovates on Westside, DoubleTree makes Pomona move

Hotel construction in L.A. is booming.

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PPC Partners Acquires Texas Food Manufacturer C.H. Guenther & Son Inc.

A subsidiary of Pritzker Group Private Capital has stepped into the food industry with the acquisition of a mid-sized manufacturer of grain-based and seasoning products based in San Antonio, Texas, the investment firm announced April 4.

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Former PayPal Exec Joins Macerich Board

Santa Monica-based real estate investment trust Macerich Co. appointed Peggy Alford, chief financial officer of the Chan Zuckerberg Initiative, to its board of directors, the company announced recently.

LAX Adds Local Food to Menu

Restaurants key to “sense of place” in newly renovated terminal

Los Angeles International Airport’s newly renovated Terminal 1 will offer travelers several examples of local flavor when completed this fall, including newcomer Trejo’s Tacos of Larchmont and Manhattan Beach-based sit-down restaurant Rock & Brews.

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San Pedro Aims Higher as Tourist Attraction

Food & Beverage Museum opens, retail center in works, SpaceX interested

San Pedro has eye on regional tourists.

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Festival Fashion Fever

Multi-day music gatherings are boost for fashion retailers

Local retailers find ‘festival season’ can carry them through the year.

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Meruelo Group Buying SLS Las Vegas

The ownership transfer of the 1,616-room SLS Las Vegas Hotel & Casino to Downey-based management firm Meruelo Group has been approved by the Nevada Gaming Commission, the Meruelo Group announced on March 22.

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$10M Gift for Cal Poly Pomona’s College of Hospitality Management

The founder of Collins Foods International, now known as Sizzler International, and his wife donated $10 million to Cal Poly’s Collins College of Hospitality Management in Pomona, the school announced March 20.

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Size-Inclusive Etailer 11 Honore Raises $8M from Redpoint Ventures, Others

A West Hollywood-based etailer selling designer clothing for women sizes 10 to 24 raised $8 million, the company, 11 Honore, announced March 19.

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New Car Sales Up in January

New auto registrations in Los Angeles County surged 13.2 percent in January from the year prior, according to new data from Auto Outlook Inc. published by the Greater Los Angeles New Car Dealers Association.

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Restaurant Association Talks Trash for Members

Statewide trade group to gather comments, weigh in with L.A. City Council

State restaurant trade group weighs in on L.A.’s trash pickup dispute.

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Architect Richard Meier Takes Leave of Absence Following Allegations

Architect Richard Meier, known for designing the Getty Center in Los Angeles, is taking a six-month leave of absence from his firm after the New York Times reported on March 13 that five women accused him of sexual harassment.

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Asian Appeal

Chinese investors use design to attract growing ethnic visitor base.

New hotel has luxe details and high-tech touches to cater to Asian tourists, locals.

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AC Hotel by Marriott Breaks Ground in El Segundo

Construction of a new 180-room hotel branded with the AC Hotel by Marriott concept is underway in El Segundo, according to Irvine contractor R.D. Olson Construction.

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L.A. Tourism Campaign Touts Diversity

The Los Angeles Tourism and Convention Board is stepping up and into the 21st century with a new deal to air its latest marketing campaign on Santa Monica streaming service Hulu.

Mall Fixer Takes on Challenge in Middle America

An El Segundo firm added a 1 million-square-foot Missouri mall to its growing portfolio of class B centers.

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L.A.’s Recent Eatery Closures Reflect U.S. Trend

L.A. County lost 675 units in 2017; notable names shutter operations here

Some of L.A.’s high-profile restaurants have closed, reflecting a national trend.

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Jack Sinclair Named Chief Executive of 99 Cents Only Stores

Jack Sinclair was promoted to chief executive of 99 Cents Only Stores, replacing Geoffrey Covert, who is retiring, the Commerce-based company recently announced.

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Butterfly Equity Acquires Denver Restaurant Chain Modern Market

Butterfly Equity, a Beverly Hills private equity firm with a focus on food companies, acquired a Denver-based healthy food chain for an undisclosed amount, the company announced on Feb. 27.

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UCLA’s Hammer Renovation Receives $30M Gift from Resnicks

The Hammer Museum at UCLA in Westwood announced today that it had received a $30 million gift from the Wonderful Co. owners Stewart and Lynda Resnick as part of a larger $180 million fundraising campaign for a renovation begun last year.

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Panda Express Parent Inks Franchise Deal With Chicken Finger Chain

Rosemead-based Panda Restaurant Group has signed a franchise agreement with Baton Rouge, La.-based Raising Cane’s to open locations of the chicken finger concept in Hawaii and Alaska, according to news reports.

Pizza Concept Tries New Name, Menu Items

Competitors have grown rapidly; Westwood chain to catch up with changes

A fast-casual pizza in Westwood is rebranding.

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Herbalife Sets Up $90 Million Fund to Grow Company in China

Multi-level marketing company Herbalife has set up a $90 million fund to extend the company’s growth in China, the downtown-based company announced on Feb. 12.

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Nostalgia on Menu

Eateries based on one-time TV, cinema hits on the way

Move over food: movie and TV show themes are the newest trend in restaurants.

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L.A. County Hotel Sales Hits Record High of $1.67 Billion

The total value of sales of Los Angeles County hotels hit a record of $1.67 billion last year, according to a new report from Irvine hotel brokerage Atlas Hospitality.

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Museum, Mall Join Forces

Macerich Co. wanted to draw more traffic to its open-air Santa Monica Place mall.

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Beverly Hills Gets in on Hospitality Hot Streak

Visitors to area swelled 23 percent in 2016, $2.8B annual impact

Tourists loved L.A. County last year – and particularly Beverly Hills.

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Sanrio Inc. Names New Chief Operating Officer

Sanrio Inc. promoted Craig Takiguchi to chief operating officer.

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Key Deals: Mars Buys Veterinary Chain VCA for $9.1 Billion

MONEY/SBA Lenders

West L.A. veterinary care chain VCA Inc. landed a sweet deal when it was acquired by McLean, Va.-based candy maker Mars Inc. last year for $9.1 billion.

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Auto Sales Strong Even With Slight Dip in 2017

MARKETING: L.A. dealers generally pleased; trucks, SUVs increase market share

New car dealerships are coming off a multi-year high but still making deals.

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Hotel Report: 10,000 New Rooms Likely Soon

Los Angeles is a hot spot in the strongest market for hotel development in the past 30 years – but that doesn’t mean everything on the drawing board will come to fruition.

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Toys R Us to Close Four L.A. Stores as Part of Restructuring

Wayne, N. J.-based national toy retailer Toys R Us plans to close four Los Angeles County stores as part of its effort to restructure in the wake of its Chapter 11 bankruptcy filing in September, according to a bankruptcy document filed Jan. 23.

California Pizza Kitchen Names New CEO

San Francisco’s Golden Gate Capital has appointed a new chief executive of Playa Vista’s California Pizza Kitchen, the companies announced today.

L.A. County’s New Hotel Rooms Lead State

2017 gains driven by 23 new hotels; market likely to top California again this year

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Big Challenges Ahead at Big 5

430-store chain’s shares fall on Q4 revenue dip

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Record, Notable Dips for L.A. in 2017 Visitor Counts

Tourism is up for L.A. County from high-spending international visitors.

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Record 48.3 Million People Visited L.A. County Last Year

The county of Los Angeles welcomed a record number of visitors for the seventh year in a row, hosting 48.3 million visitors last year, the Los Angeles Tourism & Convention Board announced Jan. 10.

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Pontifax AgTech Leads $9.5 Million Round in Biostimulant Producer Inocucor Corp.

Santa Monica’s Pontifax AgTech led the second closing of a $9.5 million Series B round in Denver agricultural technology company Inocucor Corp., the companies announced Jan. 8.

More Restaurants Develop Appetite for Dine L.A.

Biannual promo push helps put upscale local eateries in national picture

Dine L.A., the city’s two-week foodie-dream, returns to Los Angeles with more restaurants.

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Franchisers Post 7.8% Increase in Banner Year

Restaurants lead way as franchisers expand base in growth year

Franchisers, particularly restaurants, in L.A. County added units to grow numbers.

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Forever 21 Reports $40 Million Loss; Closes More U.K. Stores

Lincoln Height’s Forever 21 Inc. posted a loss of more than 29 million pounds, or almost $40 million, for its seven U.K. retail stores for the year ended Feb. 28, 2016, according to an annual report filed with the U.K. government on Dec. 15, 2017.

Can Guitar Center Find New Rhythm?

RETAIL: Ares’ portfolio company’s debt downgraded

Ratings agencies say Guitar Center out of rhythm.

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Fig Fancy

Downtown hotel set to reopen after extended renovation

Hotel Figueroa makeover goes long.

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Mattel Inc. Lays Off 70 Employees to Cut Costs as Turnaround Falters

El Segundo toy company Mattel Inc. permanently laid off 70 employees earlier this month, according to a WARN notice filed with the California Employment Development Department.

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Pressed Juice Seller Juice Served Here Inc. Shutters Abruptly

L.A. pressed juice company Juice Served Here Inc. has shut its retail stores and wholesale business, according to the company.

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City National Bank Beefs up Food and Beverage Expertise

Downtown’s City National Bank expanded the headcount of its newer food and beverage group to 16 bankers, the company announced in a statement today.

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Brick-and-Mortar Trends Toward Demos, Intros

CBRE report points out shift from cash registers to smart phones at shops

Retailers are using smartphones rather than cash registers, and replacing inventory for purchase with new items for testing.

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Two L.A. Hotels Among Ten Largest Hotel Transactions This Year

Two of the 10 biggest hotel transactions in the U.S. this year involved L.A. properties, according to a list published yesterday on Santa Barbara real estate technology firm Yardi Systems Inc.’s blog Commercial Café.

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