Judge cracks down on Icon Parking’s strategy to avoid rent payments
Buck Ennis
Parking-garage owners have been able to renegotiate rents in the past few years due to a dip in traffic and demand for parking.
Icon Parking’s campaign to avoid paying rent to its New York City landlords has come to an end at least at one Times Square garage.
With 200 sites, Icon is known as the city’s largest operator of parking garages. The company has been the subject of dozens of lawsuits since the pandemic began and it started to withhold rent payments.
Now, Icon must pay $1.4 million to its landlord, an LLC called RPH Hotels 51st Street Owner, Justice Arlene Bluth ruled. The hotel, located at 851 Eighth Ave., is affiliated with Highgate Hotels.
HONOLULU (KITV) The Alohilani Resort in Waikiki is now offering guests a personal concierge to navigate Hawaii’s pre-travel testing program.
Hawaii Lodging and Tourism Association CEO Mufi Hannemann on Thursday called that program a possible blue print to reignite tourism.
Honolulu Mayor Rick Blangiardi co-signed the program and added another idea he hopes helps our economy.
“If there’s one complaint we continue to hear it’s that people sometimes have difficulty getting their test verified within 72 hours,” Hannemann said.
Alohilani’s concierge program is operated by Hawaii-based V2 Medical Group where travelers are walked through test protocols including uploading test results before they go wheels up for the islands.
Aloft Tulum, a brand-new, boho-chic inspired hotel managed by Highgate Hotels, will open in February 2021. It will feature 140 loft-style guest rooms and suites, a variety of lively spaces for socialization and music including a signature Ático Rooftop Lounge & Bar, and the destination s only venue for corporate meetings.
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Hospitality and dining have been buffeted by the pandemic, weighing on deal activity. But Q4 has brought welcome refinancing support and investor confidence
The effect of the COVID-19 pandemic on the hospitality industry has been especially severe, the face-to-face nature of commercial activity in the space making it especially susceptible to social distancing and lockdown measures.
Deal volume in the broader leisure sector, which encompasses dining, hotels and hospitality, gyms and gaming groups, fell 49% while value dropped by 46% to 292 transactions worth US$39.8 billion in the first three quarters of the year. A rebound is due in the fourth quarter, however, with a number of large deals announced in October and November as investors respond positively to vaccine development news and gain confidence in a recovery.