Day: November 5, 2020

Sunstone Hotel: 3Q Earnings Snapshot

IRVINE, Calif. (AP) _ Sunstone Hotel Investors Inc. (SHO) on Thursday reported a key measure of profitability in its third quarter. The results fell short of Wall Street expectations.

The Irvine, California-based real estate investment trust said it had funds from operations of $6.4 million, or 26 cents per share, in the period.

The average estimate of seven analysts surveyed by Zacks Investment Research was for a funds from operations loss of 19 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.


The company said it had a loss of $92.5 million, or 43 cents per share.

The hotel real estate investment trust, based in Irvine, California, posted revenue of $28.9 million in the period, also missing Street forecasts. Six analysts surveyed by Zacks expected $52.9 million.

The company’s shares have fallen 41% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $8.20, a decrease of 43% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHO at https://www.zacks.com/ap/SHO

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Yeti recalls travel mugs with ‘stronghold’ lids because magnetic slider may fail

Yeti has recalled its 20-ounce Rambler travel mugs with stronghold lids because a magnetic slider on the lid can eject causing hot contents to spill and potentially cause burns.

According to the U.S. Consumer Product Safety Commission, the mugs were sold at Yeti stores nationwide and online at www.yeti.com during October 2020 for about $35.

Yeti said the recall includes about 15,000 mugs.

“The travel mugs were sold in a variety of colors. The recall only involves travel mugs with the date code 34204010. The date code is located on the bottom of the travel mug base. The SKU is located on the product packaging slip for online orders, and the product receipt for in-store purchases,” according to the commission.

Here are the product details:

  • Black, SKU 21070060046 and 21070070041
  • Seafoam, SKU 21070060048 and 21070070043
  • Navy, SKU 21070060047 and 21070070042
  • Ice Pink, SKU 21070060052 and 21070070047
  • Northwoods Green, SKU 21070060050 and 21070070045
  • Graphite, SKU 21070060066
  • Copper, SKU 21070060064

Yeti is offering customers a refund. For more information, call 833-444-3151 between 7 a.m. and 7 p.m. CT, weekdays, send an email to [email protected] or go to the website and click on “product recall” at the bottom of the page.

Yeti Rambler travel mug recall

Yeti is recalling its Rambler 20-ounce travel mug with date code 34204010 because the magnetic slider may fail causing hot liquid to spill and potentially burn the user.

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Mother in hotel quarantine struggling being cooped up with her autistic son

Mother in hotel quarantine shows the ‘impossible’ reality of being cooped up in a tiny space with her son who has autism

  • Brenna Russell, 29, is staying at Zetland’s Meriton Suites with son Sebastien, five
  • Sebastien has autism, ADHD, seizures, and genetic variations of the NFIX gene 
  • The infant has been throwing tantrums and thrashing their hotel room in distress
  • Mrs Russell is concerned for his safety and is struggling to cope in the tiny space
  • She is calling for those with special needs kids to be able to quarantine at home

A mother in hotel quarantine with her severely autistic son has revealed the ‘impossible’ reality of catering to his needs in a tiny space.  

Brenna Russell, 29, is staying in Zetland Meriton Suites, in Sydney’s inner west, with five-year-old Sebastien after arriving from Los Angeles earlier this week. 

But four days in, the mother says she is struggling to cope as her child, who has autism, ADHD, seizures, and a genetic variation of the NFIX gene, throws tantrums in distress as they are confined in an unfamiliar environment.  

Brenna Russell, 29, and son Sebastien (pictured together) are in hotel quarantine in Sydney after arriving from Los Angeles earlier this week

Brenna Russell, 29, and son Sebastien (pictured together) are in hotel quarantine in Sydney after arriving from Los Angeles earlier this week

‘I don’t know how I’m going to do this for another 11 days,’ Mrs Russell told news.com.au.

‘Hotel quarantine (is) almost impossible with Sebastien.’

Sebastien’s meltdowns have left Mrs Russell with bruises and their hotel room thrashed and she holds fears for his safety. 

Mrs Russell applied for an exemption to self-isolate at the family’s Nelson Bay home, where her Australian husband Paul returned to from the United States months ago after securing work as a chef.

Seven weeks later she is still yet to receive a response from the NSW government.  

She is now calling on the government to do more to help families with special needs children in hotel quarantine.  

‘This situation is not a one size fits all. Our family does not operate like other families might. We need help,’ she said.

Mrs Russell said Sebastien does not cope well with confinement and the situation has been made worse as he is currently being weaned off seizure medication that is prohibited in Australia.  

She said coronavirus protocols, such as testing and hazmat suits, add to Sebastien’s confusion and he has to be sedated for swabs to be taken. 

Mrs Russell said her son's tantrums have left her with bruises and shared a photo of their hotel room (pictured) trashed after one of his meltdowns

Mrs Russell said her son’s tantrums have left her with bruises and shared a photo of their hotel room (pictured) trashed after one of his meltdowns

NSW Health said it cannot comment on individual cases but the Department was doing everything it could to help families in such situations.

‘The NSW Health managed Special Health Accommodation is managed 24/7 by a team of medical, nursing and allied health clinicians,’ a spokesperson said.

‘This quarantine option is available to people who require medical oversight or higher levels of

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Inside hotel quarantine, the cracks are showing for one NSW family | The Canberra Times

news, latest-news, coronavirus, Taiwan, quarantine, adoption

In hotel rooms in Sydney, thousands of travelers arriving from overseas are bundled away behind locked doors. They are watching television, making video calls to their families, keeping children busy with toys and episodes of Bluey, and doing yoga on a patch of carpet (if they have one). A lot of them are resigned to the NSW hotel quarantine requirement, which has so far seen 86,000 people trapped inside for 14 days after arrival. There’s no doubt international arrivals have accounted for the majority of COVID-19 cases in NSW, and hotel quarantine has helped manage them. But – in light of both the National Hotel Quarantine Review recommendations to seek alternatives, and Premier Gladys Berejiklian’s admission last week that the system is “under pressure” – it’s hard to escape the thought that the program is past its use-by date. One NSW family, who arrived from Taiwan last week, agrees, and wants to draw attention to the unnecessary trauma that hotel quarantine is inflicting on already overwhelmed returning travelers. “We’re not saying we should be treated differently – we know there are others in really awful situations,” said Charles and Fiona, whose surname we have not used. “But we’re hoping that by speaking out, the Health Department will start to show more compassion and common sense across the board.” Charles and Fiona traveled to Taiwan – perhaps the gold-standard in coronavirus management, who haven’t had a locally acquired case since April – to pick up their newly adopted 11 month-old daughter. In Taiwan, as in many other countries, citizens and permanent residents are permitted to self-isolate using tracking systems. They traveled with their six year-old son (previously adopted from Taiwan) as it wasn’t an option to leave him for such a significant length of time. “We were also informed by adoption experts that the mental health impacts of leaving behind an adopted child, with his own history of abandonment and trauma, as we bonded with our new daughter would be extremely detrimental to his well-being,” Fiona said. They said that either choice was going to be very hard on their son. And they decided, along with the expert advice, for them to all stay together as a family. Nevertheless, the experience has severely affected their little boy’s mental health. Added to the trauma inherent in the life of their previously institutionalised daughter, Fiona and Charles have found their own mental health tested to extremes. “(Our son) started complaining about feeling like he can’t breathe,” said Fiona. “He has been scared about ‘hearing songs and voices in his head’ for the past few weeks. “He said the voice keeps repeating the same jumbled word and is getting louder. It is heartbreaking to watch him go through this.” Before leaving Australia, Fiona and Charles applied for a hotel quarantine exemption on compassionate grounds on the recommendation of adoption and medical experts. Adopted children have experienced trauma and so many disruptions it is considered essential to get them

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Booking Revenue Beat Estimates on Summer Lift in Travel

(Bloomberg) — Booking Holdings Inc. reported quarterly revenue that was better than analysts’ estimates, buoyed by cost-cutting measures and increased summer travel that offered a respite before Covid-19 cases started surging again.



a person holding a cell phone: The logo for Booking Holdings Inc. is displayed on a smartphone in an arranged photograph taken in the Brooklyn borough of New York, U.S., on Sunday, May 10, 2020. In a matter of months, the coronavirus reset the clock on a decades-long aviation boom that's been one of the great cultural and economic phenomena of the postwar world.


© Bloomberg
The logo for Booking Holdings Inc. is displayed on a smartphone in an arranged photograph taken in the Brooklyn borough of New York, U.S., on Sunday, May 10, 2020. In a matter of months, the coronavirus reset the clock on a decades-long aviation boom that’s been one of the great cultural and economic phenomena of the postwar world.

But Chief Executive Officer Glenn Fogel warned that a new wave of the pandemic around the world will continue to weigh on the online travel giant’s prospects.

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Revenue fell 48% to $2.6 billion in the third quarter, the Norwalk, Connecticut-based company said in a statement Thursday. Analysts had projected $2.54 billion, according to data compiled by Bloomberg. Still, it’s an improvement from the record 84% plunge in the second quarter. Booking reported a 43% fall in the number of room-night reservations compared with a year earlier. Gross travel bookings, which reflect all travel services booked by customers, fell 47% to $13.4 billion during the period.

“We were pleased to see positive third-quarter results, which we believe benefited greatly from some lifting of government lock-downs and the release of pent-up demand created by the almost complete cessation of travel during parts of the second quarter,” Fogel said in the statement. “However, Covid-19 case counts are now rising steeply in many parts of the world with corresponding increases in lock-downs and re-imposed travel restrictions that will continue to impact travel in the near-term.”

Booking, which runs five major travel brands including Priceline and Kayak, has been hammered by Covid-19’s impact on the industry. To stay afloat, the company cut a quarter of the workforce at its main Booking.com business and slashed advertising spending, in addition to applying for government aid. Competitors including TripAdvisor Inc. and Airbnb Inc. also announced job cuts amid the pandemic’s squeeze on travel.

Booking’s silver lining has been growth in domestic stays. The shift to remote work and a drop-off in business travel has fueled demand for alternative accommodations, or vacation rentals, as travelers opt for nearby “staycations.”

Still, Booking’s significant exposure to overseas markets — which comprise the vast majority of its revenue — could weigh on any recovery as European governments reinstate restrictions and curfews amid a second wave of the coronavirus.

The company’s outlook is “less certain amid rising cases” of Covid-19 as it “may hurt near-term travel demand”, according to Bloomberg Intelligence analyst Matthew Martino. Third-quarter profit, excluding some costs, fell 74% to $504 million or $12.27 a share. That missed the $14.58 a share analysts projected, according to data compiled by Bloomberg.

Shares gained 1.7% in extended trading after closing at $1768.31 in New York. The shares have fallen 14% this year.

(Updates shares in final paragraph. An earlier version of this story corrected the headline to reflect revenue

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French Starchitect Jean Nouvel Will Literally Carve a Hotel Out of Rock in Saudi Arabia’s Planned Cultural Hotspot, Al-Ula

Pritzker Prize-winning French architect Jean Nouvel has unveiled renderings of an astonishing new hotel planned for the city of Al-Ula in the Northwestern region of Saudi Arabia, which Crown Prince Mohammed bin Salman is determined to transform into a cultural destination.

The site, where the Nabatean tribe of craftsmen carved arresting structures out of sandstone 2,000 years ago, is the target of a multi-billion-dollar initiative. Prince Salman’s plans, which are moving forward under the auspices of the Royal Commission for Al-Ula, include a proposed network of museums and archaeological sites centered on a sprawling museum of Arab culture.

The announcement of the new hotel by Nouvel, a bona fide “starchitect” whose past projects include the National Museum of Qatar in Doha and the Start Museum in Shanghai, brings the Crown Prince’s vision a step closer to reality.

The futuristic hotel, called Sharaan, looks like something out a sci-fi film set. It will be built inside a nature preserve of the same name, and is expected to be completed in 2024.

The patio at Jean Nouvel's Sharaan in Al Ula. Image courtesy Jean Nouvel and the Royal Commission for Al Ula.

The patio at Jean Nouvel’s Sharaan in Al-Ula. Image courtesy Jean Nouvel and the Royal Commission for Al-Ula.

“My philosophy is always to work with the setting,” Nouvel says in a short video describing the project. “That’s the basis of a contextualist’s work—and that’s what I am. This richness of everything that is there is indeed these rocky masses, this solidity, and the water underneath.”

“To build here is to deepen the location,” he adds.

For the project, Nouvel plans on sculpting within the landscape itself, “rather than competing with it,” according to a statement.

His designs are inspired by how the Nabateans built out the landscape in order to have shelter from the intense heat of summer and extreme cold of winter.

“We are in a desert and the desert is always a mystery,” Nouvel says in the video. “It is always eternity. This is Al-Ula and it is, in effect, an open-air museum.”

When completed, Sharaan will include 40 guest suites and three resort villas. A retreat summit center near the resort will feature 14 private pavilions.

But Salman’s projects have not been without critics. Western cultural leaders have come under fire for collaborating with his government following the murder in 2018 of Saudi journalist Jamal Khashoggi, which is widely believed to have been organized by the Crown Prince.

See more images of Nouvel’s planned hotel below.

A design for a room at Jean Nouvel's Sharaan in Al Ula. Image courtesy Jean Nouvel and the Royal Commission for Al Ula.

A design for a room at Jean Nouvel’s Sharaan in Al-Ula. Image courtesy Jean Nouvel and the Royal Commission for Al-Ula.

A design for Jean Nouvel's Sharaan in Al Ula. Image courtesy Jean Nouvel and the Royal Commission for Al Ula.

A design for Jean Nouvel’s Sharaan in Al-Ula. Image courtesy Jean Nouvel and the Royal Commission for Al-Ula.

A design for a room at Jean Nouvel's Sharaan in Al Ula. Image courtesy Jean Nouvel and the Royal Commission for Al Ula.

A design for a room at Jean Nouvel’s Sharaan in Al-Ula. Image courtesy Jean Nouvel and the Royal Commission for Al-Ula.

A design for an elevator at Jean Nouvel's Sharaan in Al Ula. Image courtesy Jean Nouvel and the Royal Commission for Al Ula.

A design for an elevator at Jean Nouvel’s Sharaan in Al-Ula. Image courtesy Jean Nouvel and the Royal Commission for Al-Ula.

A design for Jean Nouvel's Sharaan in Al Ula. Image courtesy Jean Nouvel and the Royal Commission for Al Ula.

A design for Jean Nouvel’s Sharaan in Al-Ula. Image courtesy Jean Nouvel and the Royal Commission for Al-Ula.


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Home Depot Is Selling an 8-Foot ‘Christmas Vacation’ Inflatable That Projects Scenes From the Movie

Photo credit: Home Depot
Photo credit: Home Depot

From House Beautiful

As the holidays approach, so does the debate of whether or not inflatable decorations deserve a spot on your lawn. Are they tacky? Festive and fun? Well, if you’re team giant lawn inflatable, we’ve found the best centerpiece to display in your yard this holiday season: this enormous National Lampoon’s Christmas Vacation inflatable that projects scenes from the classic movie.

Available for purchase at Home Depot, the lawn inflatable stands at eight feet tall. It’s shaped like a snow globe, which is fitting for winter. The top of the globe features a sign with the title of the movie surrounded by illustrations of Christmas lights, and the base reads, “Nuts about Christmas” with images of two squirrels on either side of the word “Christmas.”

The best part? The globe is blank so you can project scenes of the movie onto it. The inflatable comes with a LightShow projector that plays five Christmas Vacation scenes and four exciting transitions with instrumental music. You also have the option to customize the order of the scenes. Plus, you can play them on a continuous loop or show a single scene. Even better, the inflatable has external ports so you can play the entire Christmas Vacation movie and the rest of your favorite holiday movies.

Can’t get enough of Christmas Vacation? Sam’s Club is offering a virtual shopping experience that lets you explore the the iconic Griswold family home during Christmas and shop items in and around it.

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Blue Ash hotel used for sex-trafficking of teen girls

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Two men and two women have been accused of using a Blue Ash hotel as part of a sex trafficking operation.

According to court documents, one of the men charged, 34-year-old Doyenn Clayborne, told a cooperating witness: “I got hella lil’ youngins’ I can present.”

Clayborne had rented a room at the Quality Hotel Conference Center, 5901 Pfeiffer Road. Inside the room, investigators found numerous condoms – both used and unused – bottles of lubricant and “sexual devices,” a federal complaint says. A gun was found in the toilet tank.

Clayborne and the three others were arrested Oct. 29 as part of a law enforcement operation targeting prostitution and human trafficking, court documents say. Blue Ash police and the FBI were among those involved.

The cooperating witness went to the hotel that night, where the documents say Clayborne and a woman, 44-year-old Joleen Smith, offered the witness either of two females, including a teenage girl, who the witness had seen earlier at the hotel pool.

The witness, who investigators equipped with audio and video recording devices, later went to Clayborne’s room and said he knew someone “who was willing to pay for sex with a minor,” the documents say.

The witness was told that the girl he had seen earlier at the pool had run away from the hotel. But Smith then told him about “a new underage girl,” documents say, who could get to the hotel “ASAP.”

Clayborne said the girl was 16.

“Clayborne told the (complaining witness) to tell his customer that ‘we got him’ and that ‘I got hella lil’ youngins’ I can present,’ ” according to the complaint filed this week in U.S. District Court in Cincinnati.

“I’m about to bring a young girl up here for you. I’m about to go grab one,” Clayborne said, according to the complaint.

The complaint says the 16-year-old girl had been staying with a friend in Avondale when Kionte Anderson, 19, messaged her on Facebook. Anderson told her someone wanted a young girl to “chill with,” the complaint says. The girl told police she thought she was going to be paid $300 to $400 for sex and that she understood Clayborn and Anderson would also receive money.

Clayborne, Smith, Anderson and a 22-year-old woman left the hotel in an SUV and returned an hour later with the 16-year-old girl, court documents say.

The witness took the girl to a room being used by police. She told investigators she planned to use the money to pay for her cellphone, which had been turned off.

According to the complaint, the 16-year-old “stated that she had recently been hired by Kroger, but that she agreed to come to the hotel to be paid for sex because she would get the money quicker.”

An attorney for Smith declined to comment. An attorney for Clayborne did not immediately respond to a message seeking comment. Anderson does

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Sunstone Hotel Investors Reports Results For Third Quarter 2020

IRVINE, Calif., Nov. 5, 2020 /PRNewswire/ — Sunstone Hotel Investors, Inc. (the “Company” or “Sunstone”) (NYSE: SHO), the owner of Long-Term Relevant Real Estate® in the hospitality sector, today announced results for the third quarter ended September 30, 2020.

Third Quarter 2020 Operational Results (as compared to Third Quarter 2019):

  • Resumption of Hotel Operations: Six of the Company’s 19 hotels were in operation for the entirety of the third quarter of 2020. Six additional hotels opened during the third quarter of 2020, largely in July and August. Four more have resumed operations during the fourth quarter of 2020, leaving 16 of 19 hotels open.
  • Net (Loss) Income: Net loss was $91.1 million as compared to net income of $33.5 million in the third quarter of 2019.
  • 19 Hotel Portfolio RevPAR: 19 Hotel Portfolio RevPAR decreased 91.5% to $17.58.
  • Six Hotel Portfolio RevPAR: RevPAR for the six hotels open for the entirety of the third quarter of 2020 decreased 80.5% to $37.37.
  • Adjusted EBITDAre: Adjusted EBITDAre, excluding noncontrolling interest decreased 144.6% to $(36.2) million.
  • Adjusted FFO: Adjusted FFO attributable to common stockholders per diluted share decreased 189.7% to $(0.26).

Information regarding the non-GAAP financial measures disclosed in this release is provided below in “Non-GAAP Financial Measures.” Reconciliations of non-GAAP financial measures to the most comparable GAAP measure for each of the periods presented are included later in this release.

John Arabia, President and Chief Executive Officer, stated, “While uncertainty abounds, there are signs that the hotel recovery is gaining steam, and we believe better days lie ahead. We resumed operations at several hotels in the third quarter, and in October and November resumed operations at four additional hotels, including our sizable Renaissance Orlando, Hyatt Regency San Francisco and Wailea Beach Resort. The 16 hotels currently open make up 88% of our total rooms and generated 96% of our total 2019 property-level EBITDAre. Not only have more hotels resumed operations, but those hotels that have been open, in general, have posted sequential monthly RevPAR gains. The combination of more open hotels, increased RevPAR at open hotels, and continued aggressive cost containment has further reduced our cash burn rate. Assuming no change to current operating fundamentals, our cash burn rate has been reduced to between $16 million and $20 million per month before capital investment. We expect this figure to decline further, and eventually return to profitability, as recently reopened hotels ramp up and as portfolio occupancy and profits gradually increase.”

“Looking forward, we remain focused on minimizing near-term losses while continuing to restructure our operations and invest in our portfolio to maximize long-term hotel profitability. With significant liquidity, nothing outstanding on our sizable credit facility, manageable near-term debt maturities and low leverage, our balance sheet strength should allow us not only to avoid costly defensive measures, such as raising expensive capital to shore up liquidity, but also to go on offense with or without incremental borrowing. We are

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Man Shot In Face In Hotel Parking Lot Early Thursday

A man was shot in the face in the parking lot of a hotel in Redwood City early Thursday morning, police said.

Redwood City police responded at 4:04 a.m. to a gunshot detection system activation at the Days Inn by Wyndham hotel at 2650 El Camino Real, and shortly after that learned from Atherton police that a gunshot victim was being driven to a hospital by his friend and was found at Middlefield Road and Ringwood Avenue.

The victim said he and his friend were staying at the Days Inn and were near their vehicle parked in front of their hotel room when a suspect approached and demanded that the victim “empty his pockets,” police said.

When the victim refused, the suspect pointed a gun at the victim and shot him in the face. The victim’s injuries were not life-threatening and he has since been released from the hospital, according to police.

The suspect fled on foot and was last seen going through the hotel’s rear driveway toward El Camino Real. He is described as a black man about 5 feet 9 inches tall and 160 pounds who was last seen wearing a blue shirt, police said.

Anyone with information about the shooting is encouraged to call Detective Ryan Kimber at (650) 780-7138 or a tip line at (650) 780-7107.

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