Atlantic City's hot new hotels debut Thursday

collected by :Frank Ithan

Dancers rehearse with band at Royal Jelly nightclub inside the Ocean Resort Casino in Atlantic City. The club, which was part of the former Revel casino, will be part of the new hotel, which opens Thursday. (Wayne Parry/AP)

Jim McKee: New county seat, new hotels in Cedar County

Like many Nebraska counties, Cedar County has moved its county seat from a corner to a central location, and like every county capital, one of its first enterprises was a hotel. The following year the St. James post office opened about a mile west of the present site of St. James. The year 1858 also saw the first county courthouse constructed at St. James in the form of a 30-by-40-foot, two-story, oak timber, $2,000 building. Because of its transportation connection, St. Helena began growing faster than St. James, and in 1869 an election moved the county seat from St. James to St. Helena, which incorporated as a village in 1871. On Jan. 5, 1916 the frame Grand Hotel burned, at which point only one other hotel, the Mid-West, remained in business.

IHCL to open 8 new hotels this year, eyes 30% growth next five years, Marketing & Advertising News, ET BrandEquity

as mentioned in (Thinkstock Images) Indian Hotels Company (IHCL) will be opening eight new hotels this year and is targeting a 30 per cent revenue growth over the next few years as the sentiment has turned positive for the industry, company chairman said.Addressing the shareholders at the AGM, chairman N Chandrasekaran said IHCL intends to significantly increase the domestic footprint this year by opening eight new hotels. "We have drafted a '3R' (restructure, reengineer and reimagine) strategy with the objective of doubling the room keys and expanding the operating margin by 800 bps over the next five years. "Accordingly we will open eight new properties this year in the country," he said, adding "we are growing at 8-10 per cent now and we plan to increase this to 30 per cent in the next few years. "As a cumulative result of all these factors, demand growth in the hotel industry has been clearly outpacing supply, leading to a surge in occupancies and average revenue per room," he said.After six long years, IHCL turned profitable in FY18 years with a Rs 101 crore net income on a revenue of Rs 4,165 crore. This also helped it reduce debt to around Rs 2,400 crore from a peak of Rs 5,800 crore, he added.The IHCL counter was trading 2.5 per cent down at Rs 125.85 on the BSE against a 0.5 per cent gain in the benchmark at 1445 hrs.