ReportWire

Tag: hospitality

  • To Deliver Seamless Hospitality, Office Owners Go Directly To The Source

    To Deliver Seamless Hospitality, Office Owners Go Directly To The Source

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    Years before the pandemic upended established workplace dynamics, leading property managers predicted the emergence of experiential office. Inspired by hospitality, it was a vision of tenant-first office management aimed at fostering meaningful relationships and rich experiences. The post-pandemic prevalence for hybrid work has quickly made that vision a reality. While some of the details have changed—like a greater emphasis on health and wellness and inclusion—today, the office has become a center for socialization and collaboration, just as expected.

    JLL’s Future of Work 2022 survey illustrates just how much the concept has evolved. More than three-quarters of companies are focused on investing in quality office spaces, and 73% of companies are adopting collaborative open concepts and eschewing dedicated desks. But experiential office is more than a high-quality design. The office is becoming a place to improve employee physical and mental health, support flexible working patterns and drive social value and sustainability initiatives.

    To deliver the space-as-a-service concept, property managers have had to develop new skills beyond operational and financial excellence. More and more, property managers are turning to hospitality professionals who are adept at operating at the intersection of facilities management, services, and customer experience. It’s this expertise that will help property managers curate the experiential office environment that today’s tenants demand.

    Flight to quality drives leasing decisions

    The demand for purposeful office space is evident by the most recent tenant leasing activity. While office leasing has been turbulent since the start of the pandemic, an effect of the widespread adoption of remote work and corporate workplace re-strategizing, new high-quality and amenitized properties have generated nearly 87 million square feet in occupancy gains, the vast majority of office leasing volume. Office product built after 2015 has a 16.5% vacancy rate, compared to the 19% vacancy rate for the broader market, once again showing a preference for newer properties.

    This leasing trend has held through the third quarter. Trophy office assets with amenities are retaining value, while properties without them are suffering. Some property management teams are tightening budgets and looking for places to trim back cost expenditures to cope, but proactive office owners are embracing the hotelization of real estate by investing in property improvements and onsite services and installing client-facing managers to cultivate a rich experience.

    A formal education

    Over the last two decades, hospitality has evolved into a sophisticated industry. Today, most universities offer a degree in hospitality management, and the average hotelier is entering the industry armed with a specialized degree. But the benefits aren’t exclusive to hotels. Hospitality training and education are applicable to a wide range of commercial real estate assets. Along with offices, museums, hospitals, airlines, non-profits, and even funeral homes are recruiting hospitality professionals to drive better customer experiences. Many hospitality programs are adding office management and other real estate courses to the standard curriculum.

    I recently sat down with Edwin Torres, department chair of international hospitality and service innovation at The Rochester Institute of Technology’s Saunders College of Business, which just so happens to be my alma mater. The hospitality program has added courses in operational management, site selection, project management, and franchising in recent years to deliver well-rounded students that are equipped to handle opportunities in a wide selection of asset classes. For office assets, hospitality is fostering enthusiasm and creating a place where people feel compelled to go. “Those skills are still going to be important, and those are the skills that we can further advance in our program,” explains Torres.

    There is tremendous demand for diversified hospitality programs, and students are recognizing the potential for career advancement with a hospitality degree. In particular, master’s degree programs in hospitality management have seen a surge in enrollment, and Torres expects these programs to continue to grow in popularity as they become more multidisciplinary. He currently has his sights set on expanding even further to include training in specialized areas like asset management, events and entertainment, data and analytics. These courses will complement the current offerings which provide future managers skills in hotel management, beverage management, and the design of customer experiences.

    A new generation of property managers

    As the office market evolves so will the role of property managers. Hospitality is quickly becoming a key component of the job, which will entail everything from managing asset budgets, overseeing costs and hiring and managing vendors to responding to tenant needs, planning events and managing services, like onsite food and beverage options.

    While there is no formal property management degree, hospitality programs are filling that void. Torres describes hospitality management as an entrepreneurial industry where managers learn to oversee multiple businesses under one roof, all while driving a cohesive and positive experience for guests. Sound familiar? Office owners are finding increasing success tapping into this market as a resource for the next generation of property managers.

    As such, future property managers will have to strike this balance between providing superior client services and maintaining the operational and financial health of the property, but in some ways, this has always been the role of quality property management—to serve as the liaison between ownership and occupants and fulfill the needs of both. By incorporating hospitality standards, property managers are simply executing a longstanding mission: to take good care of the property and its occupants.

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    Mark Zettl, Contributor

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  • Late Night Host James Corden Briefly Banned From Restaurant For ‘Abusive’ Behavior

    Late Night Host James Corden Briefly Banned From Restaurant For ‘Abusive’ Behavior

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    A popular New York City restaurant rescinded its brief ban on Late Late Show host James Corden, who reportedly apologized after the establishment’s owner called him one of the restaurant’s “most abusive customers.” What do you think?

    “Oh, so we’re accepting apologies now?”

    Ramiro Garofolo, Cable Splicer

    “The power of having the least-popular late-night show would go to anyone’s head.”

    Debora Davis, Breakroom Supervisor

    “I’d also be irritated if I had to live every day as James Corden.”

    Irwin Burgess, Breeze Analyst

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  • McDonald’s ‘adult Happy Meal’ toys are selling for up to $300,000 on eBay

    McDonald’s ‘adult Happy Meal’ toys are selling for up to $300,000 on eBay

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    When it comes to nostalgia, McDonald’s customers sure are lovin’ it. 

    The burger chain brought back its Halloween pails on Tuesday, which haven’t been offered in the U.S. since 2016. The plastic trick-or-treat buckets decorated to look like a ghost, a goblin or a jack-o’-lantern (aka McBoo, McGoblin and McPunk’n, respectively) quickly began trending among real-time Google searches on Tuesday. 

    But the appetite for these Halloween buckets is nothing compared to the recent McDonald’s
    MCD,
    +1.10%

    collaboration with streetwear company Cactus Plant Flea Market, which dished out a $12-$13 box (better known as the “adult Happy Meal”) that featured a food combo and a collectible figurine targeted toward the grownups who grew up on Happy Meals.

    They sold out quickly, and now some enterprising fast food lovers are hawking the adult Happy Meal toys over online resale sites for thousands of dollars.

    So what’s the appeal? Nostalgia, nostalgia, nostalgia. “Everyone remembers their first Happy Meal as a kid … and the can’t-sit-still feeling as you dug in to see what was inside,” McDonald’s wrote in a press release. “And now, we’re reimagining that experience in a whole new way — this time, for adults.”

    The limited-edition Cactus Plant Flea Market Box at McDonald’s rolled out on Oct. 3, feeding the inner child of the average customer by offering a choice of a Big Mac or 10-piece chicken nuggets main dish, french fries and a soft drink, as well as one of four “toys” featuring redesigned McDonald’s mascots like the Grimace, the Hamburgler and Birdie, as well as a new “Cactus Buddy!” figure (yes, the exclamation point is part of his name.)

    The Cactus Plant Flea Market boxes sold out in many places on the same day that they came out. Some McDonald’s employees took to Reddit and TikTok to share how much they were not lovin’ it — which was reminiscent of the hatred many Starbucks
    SBUX,
    +0.07%

    employees felt toward the viral unicorn frappuccino in 2017

    And now, both the toys and the boxes have become near impossible to come by — unless you’re willing to cough up a lot of cash. A medium Cactus Plant Flea Market Box costs about $12, with large box closer to $13 — and one New Jersey mom noted that in her area, a Big Mac combo with fries and a drink runs under $10, so she spent $3 basically get the collectible toy.

    But one eBay listing offering three of the collectible Cactus Plant Flea Market, still unwrapped and in their original packaging, is asking for a whopping $300,000.

    The sold-out Cactus Plant Flea Market Boxes, aka McDonald’s “adult Happy Meals,” are popping up on resale sites for thousands of dollars.


    Screenshot

    Another listing on the fashion marketplace Grailed, which is marked as an “authenticated” post, features the “Cactus Buddy!” figure for the asking price of $39,999 (10% off of the original $44,444 price tag.) 

    The sold-out Cactus Plant Flea Market Boxes, aka McDonald’s “adult Happy Meals,” are popping up on resale sites for thousands of dollars.


    Screenshot

    But there are dozens of other listings for the individual toys and boxes on resale sites such as eBay and Facebook Marketplace in the much more palatable $10-$30 range, or bundles with all four collectible figurines running between $60-$70

    McDonald’s was not immediately available for comment, but a rep told Axios that, “The hype for the Cactus Plant Flea Market Box was so real that some of our restaurants have sold out of the limited-edition experience.” They added that, “We’re thrilled by the excitement we’re seeing.”

    The official McDonald’s Twitter account has also been fielding queries from disappointed potential customers who haven’t been able to get their hands on any of the adult Happy Meals, apologizing that this was only a limited time offer. 

    Time will tell if more “adult Happy Meals” will be offered in the future. There’s clearly a customer base hungry for more. 

    This isn’t McDonald’s first viral sensation, of course. The fast food giant has also scored success with celebrity collaborations featuring K-Pop sensation BTS, or singing diva Mariah Carey — which also reportedly sold out.

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  • Kansas City Workers Earn More Using Instawork Ahead of Holidays

    Kansas City Workers Earn More Using Instawork Ahead of Holidays

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    The flexible work app matches a network of on-demand hourly workers with Missouri businesses

    Press Release


    Oct 13, 2022

    Instawork, the leading platform for connecting businesses with skilled workers, announced today the platform’s availability to hourly workers in the Kansas City area looking to earn higher wages during the holiday season and beyond.

    In Kansas City, the average hourly pay rate on the Instawork platform is $17.20 per hour, more than 50% over the state’s minimum wage of $11.15. That increase gives Show-Me State residents a way to pay for added expenses to their household budgets during the upcoming holidays by downloading the Instawork app and staffing business locations across the area. 

    More than 23,000 people in Kansas City have already downloaded the Instawork app and are working to staff business locations across the area. Common roles for Instawork in Kansas City include general labor, warehouse, event server, and prep cook shifts. 

    The news comes following Instawork’s announcement that over 1 million people have joined the app in the last six months leading up to the holiday season to fill shifts in the first post-Covid holiday season. 

    “From gifts to groceries for special meals, the holidays can be an expensive time of year, particularly for those making minimum wage,” said Kira Caban, Instawork’s Head of Strategic Communications. “With Instawork, Kansas City workers can quickly increase their income, allowing them to enjoy this special time with their families even more.”

    Pros can easily create a profile, find a shift that matches their skills and interests, and start working in as little as 24 hours.

    Hourly professionals (Instawork Pros) using Instawork experience: 

    • Work flexibility: build schedules around personal lives and income goals
    • Financial stability: view shift earnings before you work
    • Unlimited income potential: work as little or as much as you want
    • Get paid quickly: ability to get paid the same day
    • Unique and exciting work opportunities

    Businesses that rely on Instawork Pros range from nationally recognized hotels and restaurant groups to some of the city’s favorite local hot spots and sports venues, including in Kansas City. These businesses are consistently matched with high-quality, reliable Pros to fill available shifts and deliver valuable services. The Instawork platform encourages both hourly workers and businesses to rate each other on a five-star scale after each shift to help match future shifts with those who are best qualified. 

    Businesses using Instawork experience:

    • Quick access to qualified workers in their community
    • Improved operational efficiency with quality and reliable staffing
    • Increased customer loyalty due to happier staff and better experiences
    • Time saved on administrative tasks, returning focus to other top priorities

    Instawork is currently staffing businesses in more than 30 markets across the U.S. and Canada. Those interested in learning more about Instawork should visit www.instawork.com or download the app.

    About Instawork
    Founded in 2016, Instawork is the leading flexible work app for local, hourly professionals. Its digital marketplace connects thousands of businesses and more than three million workers, filling a critical role in local economies. Instawork has been featured on CBS News, the Wall Street Journal, The Washington Post, Associated Press, and more. In 2022, Instawork was ranked in the top 10% of the country’s fastest-growing companies by Inc. 5000 and was included in the Forbes Next Billion Dollar Startup list. Instawork was also named the 2022 ACE Award recipient for “Best Innovation,” one of the “Best Business Apps” by Business Insider. Instawork helps businesses in the food & beverage, hospitality, and warehouse/logistics industries fill temporary and permanent job opportunities in more than 30 markets across the U.S. and Canada. Follow us on Twitter, Instagram, LinkedIn, and Facebook.

    Media Contact
    Kira Caban
    Head of Strategic Communications
    kcaban@instawork.com

    Source: Instawork

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  • U.S. stocks edge up despite higher-than-expected inflation data

    U.S. stocks edge up despite higher-than-expected inflation data

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    U.S. stock indexes edged higher on Wednesday, while hotter-than-expected producer price inflation data deepened concerns that the Federal Reserve may continue its aggressive interest rate hikes.

    How are stock-index futures trading
    • The Dow Jones Industrial Average 
      DJIA,
      +0.50%

       was up 120 points, or 0.4% to around 29,355

    • The S&P 500 
      SPX,
      +0.35%

      gained 5.3 points, or 0.2% to about 3,594

    • The Nasdaq Composite
      COMP,
      -6.31%

      traded 5.1 points, or 0.1% higher to 10,430

    On Tuesday, the Dow Jones Industrial Average rose 36 points, or 0.12%, to 29239, the S&P 500 declined 24 points, or 0.65%, to 3589, and the Nasdaq Composite dropped 116 points, or 1.1%, to 10426. The S&P 500 closed down 1,177 points, or 24.7% for the year to date.

    What’s driving markets

    The 12-month rate of producer price inflation slowed to to 8.5% from 8.7% while the annual core rate, excluding food and energy, was unchanged at 5.6%, but the monthly rate rose 0.4% in September, above forecast, and the monthly core PPI was also up 0.4% in September.

    Such data has worsened fears that to curb inflation, the Fed will continue its aggressive rate hikes, which may steer the U.S. economy into a recession.

    “We believe the odds of a recession in 2023 are now better than 50%,” Greg Bassuk, chief executive at AXS Investments, wrote in a Wednesday note. “Last week’s market turbulence saw volatility at levels we have not seen since July, and we believe investors should brace for ongoing market volatility and uncertainty throughout Q4, in concert with another likely Fed interest rate hike to the tune of 0.75% in November,” according to Bassuk.

    The 10-year Treasury yield BX:TMUBMUSD10Y, which started the year around 1.65% was trading at 3.931% on Wednesday, off 1.3 basis points, after the producer price inflation data.

    Traders are also awaiting U.S. September consumer prices data on Thursday due at 8:30 am Eastern Time.

    “Inflation has proven to be difficult to forecast and given the negative ‘shock’ from the August CPI, it would be difficult for any investor to have conviction going into this report,” according to Tom Lee, head of research at Fundstrat.

    “For us, analyzing the month over month numbers is much more important than looking at the headline,” Zachary Hill, head of portfolio management at Horizon Investments, said in an interview.

    “The way we’ve been thinking about it, the last three months annualized [inflation] gives you a kind of a decent idea of where the shorter term trends are around inflation,” Hill said. “We think that’s what the Fed is going to be looking at to see progress towards their 2% goal. And unfortunately, based on various measures, we’re nowhere near that today.”

    Adding to the market anxiety, and keeping any Wednesday rally in check, is the continuing volatility in U.K. government bonds after the Bank of England reiterated it would stop supporting the market after Friday.

    Investors have become increasingly concerned of late that severe stresses in the financial system may emerge as central banks switch from the era of zero or negative interest rates to sharply higher borrowing costs as they try to tackle inflation at multi-decade highs.

    “[G]lobal financial conditions have tightened as central banks continue to raise interest rates. Our latest Global Financial Stability Report shows that financial stability risks have increased since our last report, with the balance of risks tilted to the downside,” said the International Monetary Fund in a report released on Tuesday.

    “The mood of global investors was gloomy enough and hardly needed yesterday’s reminder from the IMF that the risks to financial stability have increased,” Ian Williams, strategist at Peel Hunt, noted. “Its report highlighted specifically (if obviously) the threats from persistent inflation, China’s slowdown and the war in Ukraine. The highlighted ‘disorderly repricing of risk’ is arguably already underway.”

    The Fed may offer its view on the topic as a number of officials are due to give comments on Wednesday. Minneapolis Fed President Neel Kashkari said the Fed is “dead serious” about getting inflation down. Fed vice chair Michael Barr will speak at 1:45 p.m. The minutes of the Fed’s previous monetary policy setting meeting will be released at 2 p.m. ET and Fed governor Michelle Bowman will deliver comments at 6.30 pm.

    Companies in focus
    • Shares of Philips
      PHIA,
      -12.27%

      PHG,
      -11.33%

      plunged 12% after the Dutch tech company issued its second profit warning this year, forewarning that supply chain problems will impact sales and third-quarter profits.

    • Intel Corp.
      INTC,
      +1.50%

      may fire thousands of workers by the end of the month, around the same time the chip manufacturer reports quarterly results amid a tough year for semiconductor makers, Bloomberg reported late Tuesday. The company’s shares rose 1% Wednesday.

    • Shares of PepsiCo Inc. climbed 4.6% Wednesday, after the beverage and snack giant reported third-quarter profit and revenue that rose above expectations and raised its full-year outlook, as higher prices helped offset some volume weakness.

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  • Philips warns of 5% fall in like-for-like sales due to supply-chain woes

    Philips warns of 5% fall in like-for-like sales due to supply-chain woes

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    Royal Philips NV said Wednesday that its performance for the third quarter was hurt by stronger-than-anticipated supply-chain challenges, and adopted a more pessimistic view on its sales through the end of the year.

    The Dutch health-technology company
    PHIA,
    -8.01%

    PHG,
    -0.80%

    said that it expects to record a 1.3 billion euro ($1.26 billion) impairment charge in the period. The company said that this is an impairment of goodwill of Philips Respironics, its sleep and respiratory care business, and that it is due to revisions to the business’s financial forecast.

    This compares with adjusted Ebita of EUR512 million, or 12.3% of sales, a year earlier.

    Analysts had seen the metric at EUR336 million, according to a consensus estimate provided by the company.

    Philips expects to book a EUR1.3 billion impairment charge on its sleep and respiratory care business after revising its financial forecast for the unit, it said.

    Group comparable sales for the quarter fell around 5%.

    For the last quarter of the year, Philips now expects a mid-single-digit decline in comparable sales, it said.

    In late July, Philips had guided for 6%-9% growth in comparable sales over the second half of the year.

    “Philips still expects a better second half of the year, compared to the first half of 2022. However, the company sees prolonged supply chain disruptions and a worsening macro-environment,” it said.

    The company said it expects adjusted Ebita margin to be in the range of a high single to double digit for the last quarter of the year.

    Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com and Cristina Roca at cristina.roca@wsj.com

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  • 80 Million People Can Trace Their Heritage to Newly Formed Hotel Collection

    80 Million People Can Trace Their Heritage to Newly Formed Hotel Collection

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    A newly launched hotel collection is bringing history to life by compiling the most storied country estates, castles and other unique residences-turned-accommodation scattered across the United Kingdom and Ireland – and making them accessible to the U.S. market.

    Press Release



    updated: Oct 7, 2022

    With millions of Americans unknowingly descendants of royalty and aristocracy, Storied Collection combines modern-day amenities with period charm, as it connects travelers with historic and ancestral properties that have a unique and interesting tale to tell.

    Guests of the Storied Collection will be able to escape the hustle and bustle of everyday life and book a stay at the intersection of history, ancestry, and experiential travel. 

    The collection includes a host of outstanding properties such as Ireland’s Ashford Castle – once owned by brewery heir, Benjamin Guinness, as well as Billesley Manor, which is believed to be the location of Shakespeare’s wedding to Anne Hathaway.

    Other impressive hotels in the collection include Thornbury Castle, once owned by Henry VIII; the famous Royal Crescent Hotel & Spa in Bath, which is often referred to as one of the most impressive pieces of Georgian architecture in the U.K.; Great Fosters, a luxury Tudor estate in Surrey; and Grantley Hall which was once owned by Lords, Knights, and Members of Parliament. 

    Storied Collection Co-Founder, Justin Hauge, commented on the launch: “Britain and Ireland are awash with historic residences-turned-hotels and many have fascinating stories to tell. Storied Collection is all about bringing people closer to history. The experience of staying in properties steeped in stories of the past are memories that stick with travelers for lifetimes.”

    He continued: “One of the most exciting and unique aspects of Storied is that so many people have a lineage that traces back to the owners and residents of these very properties, including my co-founder, Michael. We estimate north of 80 Million people can trace their heritage to a Storied property. By staying with us, many guests will be tracing their forebears’ footsteps. The stories from guests we’ve already heard leave us inspired and wanting to bring this experience to the widest audience imaginable.”

    Storied Collection currently consists of 28 properties with a combined age of 11,291 years.

    The concept was forged by hospitality veterans Justin Hauge and Michael Goldin—two highly reputable names in the industry with a wealth of experience between them. The collection is also supported by seasoned hospitality executives from Ritz Carlton, Hilton, Airbnb, and Design Hotels rounding out the well-storied advisory team.

    For further information on Storied Collection and to book, please visit: https://storiedcollection.com/.

    Source: Storied Collection

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  • Yankees star Aaron Judge slams home run No. 62, breaking Roger Maris’ 61-year-old A.L. record

    Yankees star Aaron Judge slams home run No. 62, breaking Roger Maris’ 61-year-old A.L. record

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    ARLINGTON, Texas — Aaron Judge hit his 62nd home run of the season Tuesday night, breaking Roger Maris’ American League record and setting what some fans consider baseball’s “clean” standard.

    The 30-year-old Yankees slugger drove a 1-1 slider from Texas right-hander Jesús Tinoco into the first row of seats in left field when leading off the second game of New York’s day-night doubleheader.

    After No. 99 took a smooth, mighty swing, he had a wide smile on his face as he rounded the bases and his Yankees teammates streamed out of the dugout to celebrate with him. They stayed away from home plate, letting Judge step on it before sharing hugs and high-fives.

    Judge’s mother and father were in the stands to see Judge end a five-game homerless streak, including Game 1 of the doubleheader when he was 1 for 5 with a single.

    The ball was caught by a fan in Section 31, who was then taken with security to have the ball authenticated.

    Another fan was escorted away after leaping out of the seats into a gap between the seats and the left-field wall.

    Maris’ 61 for the Yankees in 1961 had been exceeded six times previously, but all were tainted by the stench of steroids. Mark McGwire hit 70 for the St. Louis Cardinals in 1998 and 65 the following year. Barry Bonds hit an MLB-record 73 for the San Francisco Giants in 2001, and the Chicago Cubs’ Sammy Sosa had 66, 65 and 63 during a four-season span starting in 1998.

    McGwire admitted using banned steroids, while Bonds and Sosa denied knowingly using performing-enhancing drugs. Major League Baseball started testing with penalties for PEDs in 2004, and some fans — perhaps many — until now have considered Maris as holder of the legitimate record.

    Also see: Aaron Judge hits 62nd homer, but can he save Major League Baseball from itself?

    A Ruthian figure with a smile as outsized as his body, the 6-foot-7 Judge has rocked the major leagues with a series of deep drives that hearken to the sepia tone movie reels of his legendary pinstriped predecessors.

    “He should be revered for being the actual single-season home run champ,” Roger Maris Jr. said Wednesday night after his father’s mark was matched by Judge. “I think baseball needs to look at the records and I think baseball should do something.”

    Judge had homered only once in the past 13 games, and that was when he hit No. 61 last Wednesday in Toronto. The doubleheader nightcap in Texas was his 55th game in row played since Aug. 5.

    Previously: Dropping Aaron Judge’s 61st home-run ball might have cost this fan $250,000 or more

    Judge was 3 for 17 with five walks and a hit by pitch since moving past the 60 home runs Babe Ruth hit in 1927, which had stood as the major league record for 34 years. Maris hit his 61st off Boston’s Tracy Stallard at old Yankee Stadium on Oct. 1, 1961.

    Judge has a chance to become the first AL Triple Crown winner since Detroit’s Miguel Cabrera in 2012. He leads the AL with 131 RBIs and began the day trailing Minnesota’s Luis Arraez, who was hitting .315.

    The home run in his first at-bat put him back to .311, where he had started the day before dropping a point in the opener.

    Judge’s accomplishment will cause endless debate.

    “To me, the holder of the record for home runs in a season is Roger Maris,” author George Will said earlier this month. “There’s no hint of suspicion that we’re seeing better baseball than better chemistry in the case of Judge. He’s clean. He’s not doing something that forces other players to jeopardize their health.”

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  • 80 Million People Can Trace Their Heritage to Newly Formed Hotel Collection

    80 Million People Can Trace Their Heritage to Newly Formed Hotel Collection

    [ad_1]

    A newly launched hotel collection is bringing history to life by compiling the most storied country estates, castles and other unique residences-turned-accommodation scattered across the United Kingdom and Ireland – and making them accessible to the U.S. market.

    Press Release



    updated: Oct 7, 2022

    With millions of Americans unknowingly descendants of royalty and aristocracy, Storied Collection combines modern-day amenities with period charm, as it connects travelers with historic and ancestral properties that have a unique and interesting tale to tell.

    Guests of the Storied Collection will be able to escape the hustle and bustle of everyday life and book a stay at the intersection of history, ancestry, and experiential travel. 

    The collection includes a host of outstanding properties such as Ireland’s Ashford Castle – once owned by brewery heir, Benjamin Guinness, as well as Billesley Manor, which is believed to be the location of Shakespeare’s wedding to Anne Hathaway.

    Other impressive hotels in the collection include Thornbury Castle, once owned by Henry VIII; the famous Royal Crescent Hotel & Spa in Bath, which is often referred to as one of the most impressive pieces of Georgian architecture in the U.K.; Great Fosters, a luxury Tudor estate in Surrey; and Grantley Hall which was once owned by Lords, Knights, and Members of Parliament. 

    Storied Collection Co-Founder, Justin Hauge, commented on the launch: “Britain and Ireland are awash with historic residences-turned-hotels and many have fascinating stories to tell. Storied Collection is all about bringing people closer to history. The experience of staying in properties steeped in stories of the past are memories that stick with travelers for lifetimes.”

    He continued: “One of the most exciting and unique aspects of Storied is that so many people have a lineage that traces back to the owners and residents of these very properties, including my co-founder, Michael. We estimate north of 80 Million people can trace their heritage to a Storied property. By staying with us, many guests will be tracing their forebears’ footsteps. The stories from guests we’ve already heard leave us inspired and wanting to bring this experience to the widest audience imaginable.”

    Storied Collection currently consists of 28 properties with a combined age of 11,291 years.

    The concept was forged by hospitality veterans Justin Hauge and Michael Goldin—two highly reputable names in the industry with a wealth of experience between them. The collection is also supported by seasoned hospitality executives from Ritz Carlton, Hilton, Airbnb, and Design Hotels rounding out the well-storied advisory team.

    For further information on Storied Collection and to book, please visit: https://storiedcollection.com/.

    Source: Storied Collection

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  • Dropping Aaron Judge’s 61st home-run ball might have cost this fan $250,000 or more

    Dropping Aaron Judge’s 61st home-run ball might have cost this fan $250,000 or more

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    Talk about dropping the ball.

    New York Yankees star Aaron Judge hit his 61st home run of the season Wednesday night, tying the American League record — but leaving at least one person with good reason to frown, despite having just witnessed baseball history firsthand.

    A Toronto Blue Jays fan sitting in the left-field stands at Toronto’s Rogers Centre, where Judge blasted the home run that tied fellow Yankees slugger Roger Maris for the league single-season record, was almost ideally positioned — and even equipped — for this once-in-a-lifetime opportunity. Unfortunately, the ball glanced off his glove and landed in the Blue Jays bullpen below.

    And a potentially huge payoff slipped through his fingers.

    The fan was later revealed to be a 37-year-old Toronto restaurant owner, who reportedly gave his name as Frankie Lasagna to the Canadian Press. He said normally he “would never ever bring a glove other than this situation,” with his left-field seat a reasonably likely landing spot for a home run by the right-handed-hitting Judge and history on the line.

    In video footage, the fan appears visibly upset after missing the ball and his chance to be a bit player in baseball history. “The disbelief comes over you and just the shock and the amazement,” he said. “I was like, ‘Oh my God, I almost had it.’ “

    Don’t miss: Aaron Judge looks to break American League home-run record — and then get the Yankees to break the bank

    Opinion: Aaron Judge hits 61st homer, but can he save Major League Baseball from itself?

    David Kohler, CEO of California auction house SCP Auctions Inc., estimated the value of a ball hit for Judge’s home 61st home run could be between $200,000 and $250,000. And if this was Judge’s last home-run ball of the season, it could end up being valued at more than $1 million.

    See: Aaron Judge’s milestone home run balls could be worth millions

    “The Yankees are beloved,” Kohler said. “Aaron Judge is beloved. There’s no negativity here like the steroid era in the past.” (The only players to have hit more than 61 home runs in a season have been linked with performance-enhancing drugs and played for National League clubs.)

    The moment went viral on Twitter after the game.

    The historic ball landed in the Blue Jays bullpen and eventually made its way to Judge. The Yankees star didn’t keep it for long, however, as a video of Judge gifting the ball to his mother was posted on Twitter
    TWTR,
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    after the game.

    “It’s a moment that I’ll never forget. I’ll cherish it,” the Yankees right fielder said. “Having my mom here supporting me — she’s been here through it all. That’s for sure. The Little League days. Getting me ready for school. Taking me to my first couple of practices and games. Being there for my first professional game and being there when I debuted and now getting chance to be here. This is something special. We’re not done yet.”

    Judge tied the AL record held since 1961 by Maris, who also manned right field in the Bronx. Maris made $32,000 during that 1961 season with the Yankees, which would be worth around 10 times that today, according to Saving.org. Judge is considered undercompensated with his 2022 season salary of $19 million, according to contract data from Spotrac.

    What would the Toronto restaurateur have done with the ball? Some fans give record-breaking memorabilia to the athletes accomplishing the noteworthy feats, often in exchange for autographs and future game tickets.

    “I would have held on to it for as long as I could [to] negotiate,” the Torontonian said. “Maybe get Judge to try to come to the restaurant.”

    MarketWatch sports news:

    The Mets, owned by hedge-fund manager Steve Cohen, now have the highest payroll in baseball: $273.9 million

    How Roger Federer became one of the few athletes to earn $1 billion: ‘He’s a sports marketer’s dream’

    Brett Favre also sought welfare money for football facility, texts reveal

    Minor-league baseball players unionize, just 17 days after organizing began

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  • Yankees slugger Aaron Judge hits 61st home run, tying Roger Maris’ AL record

    Yankees slugger Aaron Judge hits 61st home run, tying Roger Maris’ AL record

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    TORONTO — Aaron Judge tied Roger Maris’ American League record of 61 home runs in a season, going deep for the New York Yankees against the Toronto Blue Jays on Wednesday night.

    The 30-year-old slugger drove a 94.5 mph belt-high sinker with a full-count from left-hander Tim Mayza over the left-field fence in the seventh inning at Rogers Centre, a 117 mph drive that landed 394 feet from the plate. The tiebreaking, two-run drive, which put the Yankees ahead 5-3, clanked off the front of the stands and dropped into Toronto’s bullpen.

    Judge’s mother and Roger Maris Jr. rose and huegged from front-row seats. He appeared to point toward them after rounding second base, them was congratulated by the entire Yankees team who gave him hugs after he crossed the plate

    Judge moved past the 60 home runs Babe Ruth hit in 1927, which had stood as the major league mark until Maris broke it in 1961. All three stars reached those huge numbers playing for the Yankees.

    Barry Bonds holds the big league record of 73 for the San Francisco Giants in 2001.

    Judge had gone seven games without a home run — his longest drought this season was nine in mid-August. This was the Yankees’ 155th game of the season, leaving them seven more in the regular season.

    The home run came in the fourth plate appearance of the night for Judge, ending a streak of 34 plate appearances without a home run.

    Judge is hitting .314 with 130 RBIs, also the top totals in the AL. He has a chance to become the first AL Triple Crown winner since Detroit’s Miguel Cabrera in 2012.

    Maris hit No. 61 for the Yankees on Oct. 1, 1961, against Boston Red Sox pitcher Tracy Stallard.

    Maris’ mark has been exceeded six times, but all have been tainted by the stench of steroids. Mark McGwire hit 70 home runs for the St. Louis Cardinals in 1998 and 65 the following year, and Bonds topped him. Sammy Sosa had 66, 65 and 63 during a four-season span starting in 1998.

    McGwire admitted using banned steroids, while Bonds and Sosa denied knowingly using performing-enhancing drugs. Major League Baseball started testing with penalties for PEDs in 2004, and some fans — perhaps many — until now have considered Maris the holder of the “clean” record.

    Among the tallest batters in major league history, the 6-foot-7 Judge burst on the scene on Aug. 13, 2016, homering off the railing above Yankee Stadium’s center-field sports bar and into the netting above Monument Park. He followed Tyler Austin to the plate and they become the first teammates to homer in their first major league at-bats in the same game.

    Judge hit 52 homers with 114 RBIs the following year and was a unanimous winner of the AL Rookie of the Year award. Injuries limited him during the following three seasons, and he rebounded to hit 39 homers with 98 RBIs in 2021.

    As he approached his last season before free agent eligibility, Judge on opening day turned down the Yankees’ offer of an eight-year contract worth from $230.5 million to $234.5 million. The proposal included an average of $30.5 million annually from 2023-29, with his salary this year to be either the $17 million offered by the team in arbitration or the $21 million requested by the player.

    An agreement was reached in June on a $19 million, one-year deal, and Judge heads into this offseason likely to get a contract from the Yankees or another team for $300 million or more, perhaps topping $400 million.

    Judge hit six homers in April, 12 in May and 11 in June. He earned his fourth All-Star selection and entered the break with 33 homers. He had 13 homers in July and dropped to nine in August, when injuries left him less protected in the batting order and pitchers walked him 25 times.

    He became just the fifth player to hold a share of the AL season record. Nap Lajoie hit 14 in the AL’s first season as a major league in 1901, and Philadelphia Athletics teammate Socks Seabold had 16 the next year, a mark that stood until Babe Ruth hit 29 in 1919. Ruth set the record four times in all, with 54 in 1920, 59 in 1921 and 60 in 1927, a mark that stood until Maris’ 61 in 1961.

    Maris was at 35 in July 1961 during the first season each team’s schedule increased from 154 games to 162, and baseball Commissioner Ford Frick ruled if anyone topped Ruth in more than 154 games “there would have to be some distinctive mark in the record books to show that Babe Ruth’s record was set under a 154-game schedule.”

    That “distinctive mark” became known as an “asterisk” and it remained until Sept. 4, 1991, when a committee on statistical accuracy chaired by Commissioner Fay Vincent voted unanimously to recognize Maris as the record holder.

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  • First Dedicated Cruise Ship Brokerage Firm: The Buying, Selling & Transition Strategy for Passenger Vessels in the Global Secondary Market From Across Oceans Group, Inc.

    First Dedicated Cruise Ship Brokerage Firm: The Buying, Selling & Transition Strategy for Passenger Vessels in the Global Secondary Market From Across Oceans Group, Inc.

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    Florida-based cruise ship brokerage firm to specialize in being the one-stop shop for all cruise ship buyers and sellers internationally

    Press Release


    Sep 7, 2022

    An average-sized new-build cruise liner costs USD $800 million to USD $1.5 billion, and they come in all shapes, sizes, and designs. An older cruise ship might be as little as USD $5 million to $20 million. Of course, like any used vessel, it will need investment to get it into shape to carry passengers and to bring it up to today’s safety standards, and end-to-end technology with the latest amenities focusing on the seamless tourist experience. 

    Cruise ship transitions to new owners happen often, and the industry has over 500+ luxury cruise ships and another 72 in the order book today, costing USD $46 billion. Across Oceans Group (AOG) is the first dedicated cruise ship brokerage firm to specialize in being the one-stop shop for cruise ship buyers and sellers internationally. The management consulting division of Across Oceans Group, founded in 2007, has specialized in game-changing air-sea innovations, products, solutions, and vendor sales, working with over 60 companies in 35 countries.

    AOG experts work with the 100+ cruise ship companies, CEOs, and investment firms, guiding them on brokerage, valuations, best practices, charters, residential models, asset strategy, emergency government housing, motion picture assistance, and transitions. Since cruise ships often change hands multiple times, repurposing a cruise vessel for its new role is usually very common.  

    Cruise ships are unique since they are not listed for sale like yachts or commercial vessels because they are currently in service, and online listings will affect future bookings. The owners AOG has worked with request all transactions be confidential. Currently, AOG has a ship owner who is open to selling two newer polar class X-BOW expedition vessels and two river vessels. The company has another client who wants to buy a cruise ship to live on board and do scientific research. Recently, AOG engaged with a client evaluating purchasing a ship and making it a floating headquarters for his company. 

    The government continues to be interested in buying older cruise ships for emergency housing for mass casualty events. Another client wants to buy a cruise ship and have it backed with cryptocurrency, and several Vegas hotels are interested in floating casinos to add to the total guest experience. After the sinking of the Costa Concordia, AOG was contracted to assist government authorities in securing a cruise vessel for mass rescue operations in 2012 in the Bahamas and Hawaii in 2015. Across Oceans Group CEO Douglas Diggle worked in Dubai as a management consultant for the owners of the QE2, guiding them through the process of re-purposing the cruise vessel as a floating hotel on Palm Island.

    Cruise owners are reluctant to sell ships if the new owner’s transition plan includes forming cruise ship competition. Across Oceans Group is the one-stop shop for ship owners, venture capitalists, board directors, and CEOs to help them navigate disruption, recovery, ship innovation, revenue growth, legal procedures, environmental compliance, health safety, and mergers and acquisitions. 

    Contact AOG at Info@AcrossOceansGroup.com for a no-cost discussion about the cruise ship industry’s recovery, the state of the industry, flag states, crew capacity, exhaust gas cleaning, shore power and the vendors. Across Oceans Group will discuss the new cruise ship order book, revenue trends, vessel requirements, and IMO maritime regulations. “I leverage my deep industry experience, executive connections, and sector expertise to guide CEOs, buyers, sellers, vendors and help them accomplish their cruise ship objectives,” said Diggle.

    Source: Across Oceans Group

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  • Elite Alliance Creates New Co-Ownership Residence Club in St. John, USVI

    Elite Alliance Creates New Co-Ownership Residence Club in St. John, USVI

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    Elite Alliance Introduces Island Sky Residence Club St. John, Featuring 10 Waterfront Residences with Magnificent Views Overlooking Turner Bay

    Press Release


    Aug 18, 2022

    Elite Alliance® the leader in luxury fractional real estate consulting and sales, vacation home exchange, resort hospitality management, and vacation rental, has partnered with Island Sky Investments in Austin, Texas, to create Island Sky Residence Club St. John in the United States Virgin Islands (USVI), a private co-ownership luxury vacation property on a waterfront hillside overlooking Turner Bay. The property will offer 10 boutique one- and two-bedroom residences, each with a spectacular view of the Caribbean Sea.

    McGuire Digital is managing all marketing efforts for the project, Elite Alliance Real Estate will lead the sales efforts, and Elite Alliance Hospitality will oversee the long-term management of the property. Owners receive a 1/10th ownership interest in either a one- or two-bedroom residence and a minimum of three weeks of designated use each calendar year. Owners also receive a two-year premium membership into Elite Alliance Exchange, with immediate access to 120+ worldwide destinations. Owners can immediately begin enjoying luxury vacations without having to wait for their vacation property to be completed. 

    “The co-ownership model we introduced with Island Sky Residence Club St. John provides all the benefits of owning a luxury vacation property of the highest quality for a fraction of the price you would pay for owning an entire single-family vacation residence,” said Rob Goodyear, President of Elite Alliance. “Owners can reside in beautiful St. John without the tiresome and expensive responsibilities of owning a vacation home on their own. It’s a beautiful way to live.”

    Construction is set to begin with five two-bedroom residences and five one-bedroom residences, all of which will be elegantly designed in a modern coastal style with a touch of West Indies tradition. In addition to the luxury accommodations of each residence, the property will feature a stunning westward-facing rooftop pool and an open lounge area. The rooftop will provide sweeping panoramic views of the bay over to St. Thomas and the surrounding islands. The property is located less than five minutes by car to Wharfside in Cruz Bay, providing easy access to the island’s main area where most shopping, passenger ferry docks, bars, and restaurants reside.

    Principal and developer of Island Sky Residence Club St. John, Jason Caraway, has been traveling to St. John for over 20 years. “Both the property and design have been under careful watch, and I am thrilled to begin the construction phase. I chose Elite Alliance to sell and manage the property because of their integrity and track record of over 30 years of experience, expertise, and success in the fractional sales space and luxury resort developments,” says Jason. “Coupled with their ability to manage a large portfolio of luxury properties, I’m confident they will ensure long-term value and success for the property and together we can provide owners with the luxury vacation home in St. John they’ve always dreamed about.”

    For more information on Elite Alliance Real Estate, Hospitality and Exchange services, please visit www.elitealliance.com, or contact Rob Goodyear at rgoodyear@elitealliance.com or 214.393.2842. For more information on Island Sky Residence Club St. John, please visit www.islandskystjohn.com

    About Elite Alliance

    Thirty years ago, the founder of Elite Alliance® created the world’s first residence club at top-rated Deer Valley Resort in Park City, Utah. This innovative, fractional ownership model, which increased market size and profitability for developers, became the fastest growing segment of the vacation home market. As Elite Alliance’s portfolio of luxury residence clubs expanded, they introduced the Elite Alliance Exchange program to allow owners to enjoy other coveted destinations at nominal expense. Elite Alliance quickly earned a reputation for first-class customer service in facilitating and coordinating exchange vacations. As a result, Elite Alliance Hospitality was created to provide robust hospitality and rental management services for residence clubs, hotels and resorts that improve operational performance and client satisfaction.

    Today, Elite Alliance continues to set the standard for excellence in vacation exchange, hospitality management and fractional real estate consulting, always guided by a commitment to integrity and innovation.

    About Island Sky Residence Club St. John

    Island Sky Residence Club St. John is a private co-ownership luxury vacation property located in the US Virgin Islands. The property is comprised of 10 one- and two-bedroom residences, each beautifully and thoughtfully designed in coastal chic providing magnificent views overlooking Turner Bay. The rooftop features a swimming pool and open lounge area with sweeping panoramic views of the bay over to St. Thomas and the surrounding islands. Imagine live music in the tropical breeze with poolside cocktails while staring out at a fiery red sun as it fades away into the Caribbean Sea. This property will be one of the best locations on the island to take in these magnificent views, and with its “top of the world” feel, Island Sky Residence Club St. John will be regarded as one of the more exclusive residences in the Virgin Islands. The planning, permitting, and zoning have all been approved and construction is scheduled to begin soon.

    About Island Sky Investments

    Island Sky Investments, a private equity firm based in Austin, Texas, provides a variety of investment opportunities and has a distinct affinity for luxury coastal resort-style real estate in both the United States and foreign tropical destinations. Founder and CEO, Jason Caraway, has over 20 years of experience in real estate development, finance, and start-ups. Island Sky Residence Club St. John is the first of several upcoming luxury developments Island Sky has planned. 

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    Source: Elite Alliance, LLC

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  • Buc-ee’s to Break Ground on Springfield Travel Center Aug. 23

    Buc-ee’s to Break Ground on Springfield Travel Center Aug. 23

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    Press Release


    Aug 15, 2022

    Buc-ee’s, home of the world’s cleanest bathrooms, freshest food and friendliest beaver, will break ground on its new travel center in Springfield, Missouri, on Tuesday, Aug. 23, 2022. The start of construction will be celebrated with a ceremony at 12 p.m. CT, attended by local leaders.

    Located at 3284 N. Mulroy Road, Buc-ee’s Springfield is the first Buc-ee’s travel center in Missouri. Buc-ee’s Springfield will occupy 53,000 square feet and offer 120 fueling positions just outside its store with thousands of snack, meal and drink options for travelers on the go. Buc-ee’s favorites, including Texas barbeque, homemade fudge, kolaches, Beaver nuggets, jerky and fresh pastries, will all be available as well.

    Attendees of the Buc-ee’s Springfield groundbreaking ceremony will include Springfield Mayor Ken McClure, Springfield Councilman Abe McGull and more. 

    Founded in Texas in 1982, Buc-ee’s is celebrating its 40th anniversary this year. Buc-ee’s operates 43 stores across Texas and the South. Since beginning its multi-state expansion in 2019, Buc-ee’s has opened travel centers in Alabama, Florida, Georgia, Kentucky, South Carolina, and Tennessee. Buc-ee’s is now headed West with store groundbreakings in Colorado and Missouri. 

    “Springfield is the Birthplace of Route 66,” said Stan Beard of Buc-ee’s. “It’s perfectly natural that Buc-ee’s, the ultimate road-trip destination, is coming to this gorgeous stretch of Americana history. We are delighted to be a part of this community and excited to make Springfield our first stop in Missouri.” 

    Buc-ee’s Springfield will bring 200 new, permanent, full-time jobs to the area with starting pay beginning well above minimum wage, full benefits, a 6% matching 401k, and three weeks of paid vacation. Buc-ee’s remains committed to providing a friendly, safe and fun stop for travelers everywhere.

    About Buc-ee’s
    Buc-ee’s is the world’s most-loved travel center. Founded in 1982, Buc-ee’s now has 35 stores across Texas, including the world’s largest convenience store, as well as nine locations in other states. Buc-ee’s is known for pristine bathrooms, a large number of fueling positions, friendly service, Buc-ee’s apparel and fresh, delicious food. Originally launched and still headquartered in Texas, Buc-ee’s has combined traditional quality and modern efficiency to redefine the pit stop for their customers. For more information, visit www.buc-ees.com.

    MEDIA CONTACT: Rachel Austin
    713-305-0419, Rachel@hometownsocial.net

    Source: Buc-ee’s

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  • McDan Group of Companies Enters Strategic Alliance With Dream Flights International

    McDan Group of Companies Enters Strategic Alliance With Dream Flights International

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    This historic moment in the collective history of Mother Africa is joining the African Diaspora and its brethren in the Ivory Coast, more specifically Ghana, for expanded private jet and air cargo services to the continent and the world

    Press Release


    Apr 18, 2022

    McDan Group of Companies and Dream Flights International announced today that the companies have entered a strategic alliance that will provide private air travel and cargo transports globally. This historic alliance brings an established African American-owned private jet service together with an established Ghanaian partner to become a premier aviation service provider on the continent of Africa. 

    Closely following the launch of the brand-new private jet terminal at the Kotoka International Airport in Accra, the capital of Ghana, under McDan Private Jet Services, this strategic alliance brings together McDan Group of Companies, a transportation and logistics company, and Dream Flights International, a US-based private aviation company.

    Dr. Daniel McKorley, founder and CEO of McDan Group of Companies, stated, “Ghana is opening to the world and executive-level travel services are needed to enhance the experience of doing business in Africa.” 

    Clients of McDan Private Jet Services will now have access to 4,000 aircraft worldwide across all jet size classes through Dream Flights International Membership Programs. Along with a range of benefits, Dream Flights International will be contributing 10% of its net profits to a Charity, Foundation, or Community Program of the client’s choice.

    This strategic alliance brings expanded aviation assets to the region for the movement of cargo in support of the African Continental Free Trade Agreement. It also supports direct point-to-point, intra-continental and intercontinental for private jet service travel. This will help to reduce travel time between destinations and increase opportunities for trade and transportation on the continent.

    Mr. Anthony Thurston, founder and CEO of Dream Flights International, stated, “This strategic alliance is not only the collaboration between two great companies, but a movement positioned to build bridges that fund philanthropic responsibility throughout the world via social innovation.”

    McDan Group and Dream Flights International Connecting Cultures and Changing the World.

    Background information: 

    McDan Group of Companies, founded in 1999, is a transportation and logistics company covering diversified business interests such as shipping, logistics and aviation, with a presence in over 2,000 major air and seaports worldwide due to their partnership with Cross Trades & World Cargo Alliance (WCA).

    They are the first & only Freight Forwarding Company to obtain the Air Carrier License in handling-chartered cargo flights in Ghana and currently has the GSA for Global Aviation in West Africa. More information: https://mcdanshipping.com/

    Dream Flights International, founded in 1999 is a leading private aviation brokerage firm with social innovation at its core, providing end-to-end, transparent, all-inclusive, and fully flexible bespoke jet services, including ground transportation, executive protection, aircraft acquisitions and cargo and commercial leasing.

    It utilizes a network of 4,000 pre-qualified aircraft that adhere to safety requirements higher than the FAA [Federal Aviation Administration] standard or European Equivalent chartering from 30,000 airports internationally. More information: https://www.dreamflightsintl.com/

    Media Contact:

    Name: Anthony Thurston

    Title: Founder & CEO

    Email: admin@dreamflightsintl.com  

    Website: www.dreamflightsintl.com

    Source: Dream Flights International

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