The owner of four South Portland hotels wants to build another between two of them, and will present plans for the $6 million project to the city’s Planning Board Wednesday night.
New Gen Holding Co. LLC is seeking site plan approval for a 101-room TownePlace Suites hotel at 70 Maine Mall Road, an undeveloped two-acre lot next to a Home2 Suites hotel on the east, at 50 Maine Mall Road, and a Comfort Inn on the west, at 90 Maine Mall Road. The area is surrounded by the mall, the Maine Turnpike and Portland International Jetport.
Image
Courtesy / City of South Portland
The proposed TownePlace Suites hotel would occupy a vacant two-acre lot, outlined in red, between two other hotels owned by New Gen.
Cover Story: HNA Group’s Final Crisis
The final crisis for China’s formerly high-flying
HNA Group Co. Ltd. began unfolding two weeks before the Lunar New Year holidays.
Creditors of HNA and its three core listed companies petitioned a court to order a
bankruptcy restructuring after the giant conglomerate failed to repay trillions of yuan in debts. The reorganization may involve as many as
500 companies in a sprawling enterprise that at its peak tallied 1.2 trillion yuan ($171 billion) of assets.
As one of China’s biggest bankruptcy cases, the restructuring will bring to a close the HNA chapter in a freewheeling era when Chinese conglomerates including Anbang Insurance, Fosun Group and Dalian Wanda went on a global spree of buying up trophy assets using heavy borrowings. HNA was one of the most aggressive of China’s deal-making companies. Plowing more than $50 billion into assets ranging from golf courses to duty free shops and landmark hotels across six continents, H
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The following is a contributed article from a content partner of Benzinga
For the last 23 years, Fortune Magazine alongside people analytics firm, Great Place to Work have been publishing the 100 Best Companies to Work For list. The list is derived from what is considered America’s largest ongoing annual workforce study and more than 4.1 million employees participated in the study in 2020. The study contains 60 survey questions in which employees describe how their experiences at their workplaces help them trust their employers and to reach their full human potential.
For companies investing in employee training and professional development programs, the upfront investments in time and money often yield significant returns in the long run in terms of low employee turnover, enhanced employee capacity, and hours saved from firing and re-hiring. In this post, I examine how many of America’s biggest publicly traded companies are in a constant battle to outdo one another in