Hotel Financing – Guide Global http://guideglobal.com/ Wed, 23 Nov 2022 15:30:15 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://guideglobal.com/wp-content/uploads/2021/05/default1.png Hotel Financing – Guide Global http://guideglobal.com/ 32 32 Cambria Hotels opens in downtown Minneapolis; Latest property launch marks upscale brand’s third location in Twin Cities https://guideglobal.com/cambria-hotels-opens-in-downtown-minneapolis-latest-property-launch-marks-upscale-brands-third-location-in-twin-cities/ Wed, 23 Nov 2022 15:30:15 +0000 https://guideglobal.com/cambria-hotels-opens-in-downtown-minneapolis-latest-property-launch-marks-upscale-brands-third-location-in-twin-cities/ Rockville, Maryland – Cambria Hotels-a premium brand franchised by Choice Hotels International, Inc. (NYSE: CHH)–continues to expand through twin towns with the opening of the Cambria Minneapolis Downtown Hotel. New six-story, 121-room hotel joins neighbor Cambria Hotel Minneapolis Maple Grove and Cambria Hotel Bloomington Mall of Minneapolis Airport America to continue the brand’s quest to […]]]>

Rockville, MarylandCambria Hotels-a premium brand franchised by Choice Hotels International, Inc. (NYSE: CHH)–continues to expand through twin towns with the opening of the Cambria Minneapolis Downtown Hotel. New six-story, 121-room hotel joins neighbor Cambria Hotel Minneapolis Maple Grove and Cambria Hotel Bloomington Mall of Minneapolis Airport America to continue the brand’s quest to bring modern, upscale accommodations to travellers’ favorite urban destinations.

Ideally located at 1020 Hawthorne Avenuethe Cambria Minneapolis Downtown Hotel positions guests in the heart of the original Gateway District-Minneapolis downtown, minutes from the area’s best restaurants, breweries and waterfront attractions. The hotel is also a short drive from target center, American Bank Stadiumthe Minneapolis Convention Center, Gutherie Theaterand the University of Minnesota Campus. During their stay, guests can also enjoy easy access to the offices of top employers in the area, including Ameriprise FinancialEcolab, General Millsand Target.

‘The Minneapolis-St. Paul The region has it all: a thriving business community, a diverse workforce, and a world-class arts and culture scene. It’s easy to see why so many Fortune 500 companies are proud to call twin towns home, and why it’s an ideal location to extend Cambria’s premium offerings to even more travelers in the area,” said Janis CanonSenior Vice President, Premium Brands, Choice Hotels. ‘Whether they’re in town for a weekend getaway or a week-long business trip, we know the Cambria Minneapolis Downtown Hotellike the rest of our Minneapolis portfolio, will surprise and delight visitors with bespoke amenities and thoughtful design in an unbeatable location to help them make the most of their time in the city ​​of lakes.’

The Cambria Hotel Minneapolis Downtown offers premium amenities and accessible indulgences that appeal to modern travelers, including:

Versatile interior spaces for productive work or relaxation.

Locally inspired designer decor, reflecting the unique personality of the surroundings Minneapolis community.

Contemporary and sophisticated rooms, featuring cutting-edge fixtures, abundant lighting, and plush bedding.

Immersive spa-style bathrooms with Bluetooth mirrors.

On the site dine with freshly prepared food, local craft beer, wine and specialty cocktails, plus takeout.

Multifunctional meeting and event spaces.

State-of-the-art fitness center.

The Cambria Hotel Minneapolis Downtown was developed by Hawkeye Hotels and JR Hospitality. There are currently over 60 Cambria Hotels open across the WE in popular cities such as Chicago, Los Angeles, New York, New OrleansPortland and Phoenixwith nearly 70 hotels planned to date September 30, 2022.

For more information on Cambria Hotels development opportunities, visit www.choicehotelsdevelopment.com/cambriahotels.

About Cambria Hotels

The Cambria Hotels brand is designed for the modern traveler, offering guests a distinct experience with simple, guilt-free indulgences to indulge themselves on the road. The properties feature compelling location-inspired design, spacious and comfortable rooms, flexible meeting space, and freshly prepared local dishes and craft beer. Cambria Hotels growing rapidly in major WE cities, with hotels open in Chicago, Los Angeles, New York, Pittsburghand washington d.c. There are 130 Cambria properties open or planned across United States of the September 30, 2022. To learn more, visit www.choicehotels.com/cambria.

About Choice Hotels

Choice Hotels International, Inc. (NYSE: CHH) is one of the largest accommodation franchisors in the world. With nearly 7,500 hotels, representing nearly 630,000 rooms, in 46 countries and territories in September 30, 2022, the Choice family of hotel brands offers business and leisure travelers a range of high-quality accommodation options from limited-service to full-service hotels in the upscale, upper-midscale, mid-range, extended stays and economy. The award-winning Choice Privileges loyalty program gives members a faster way to earn rewards, with personalized benefits from day one. For more information, visit www.choicehotels.com.

Forward-looking statement

This communication includes “forward-looking statements” about future events, including planned hotel openings. These statements are subject to numerous risks and uncertainties, including construction delays, availability and cost of financing, and other “risk factors” described in our Annual Report on Form 10-K and our Quarterly Reports on Form 10. -Q, each of which could cause actual results to differ materially from our expectations.

Addendum

This is not an offering. No offer or sale of a franchise will be made except by a franchise disclosure document filed and registered with the appropriate state authorities. A copy of the Franchise Disclosure Document may be obtained by contacting Choice Hotels International at Circle of 1 Choice Hotelsoffice 400, Rockville, MD 20850, development@choicehotels.com.

THE SOURCE Choice Hotels International, Inc.

For more information: Choice Hotels: Angelica MageeTel: 301-592-6150; Amanda AllenSuch. 301-592-6318, Email: MediaRelations@choicehotels.com

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10 things that happen when you don’t use a credit card https://guideglobal.com/10-things-that-happen-when-you-dont-use-a-credit-card/ Sat, 19 Nov 2022 15:30:14 +0000 https://guideglobal.com/10-things-that-happen-when-you-dont-use-a-credit-card/ Vadym Pastukh / iStock.com For decades, Americans have used credit cards to finance purchases today, while paying for them later. However, the millennials are changing those rules, often preferring to use cash, checks and debit cards over credit cards when spending. But according to a 2021 survey in The Ascent, “45% of consumers prefer to […]]]>

Vadym Pastukh / iStock.com

For decades, Americans have used credit cards to finance purchases today, while paying for them later. However, the millennials are changing those rules, often preferring to use cash, checks and debit cards over credit cards when spending. But according to a 2021 survey in The Ascent, “45% of consumers prefer to use credit cards to make purchases, making them the most common form of payment. This figure is up from 36% in 2019. “. [1]

Keeping plastic tidy in your wallet sounds like a great strategy for anyone trying to avoid debt. That being said, many credit cards offer great perks that you don’t want to miss.

Explore: GOBankingRates’ Best Credit Cards for 2023
To find: If Your Credit Score Is Below 740, Do These 4 Moves Now

“The biggest misconception consumers have about credit and finance is that it leads to overspending and debt,” said Julie Pukas, head of U.S. bank cards and merchant solutions at the Bank. TD. “It’s true that the use of credit can lead to these things, but when used responsibly, credit cards are a financial tool that allows consumers to shop safely, while earning money or other rewards.”

Click to find out what can happen when you don’t use a credit card.

You are running out of free money

You are running out of free money

1. You are running out of free money

By paying cash, shoppers miss out on cash back and other lucrative rewards.

For example, depending on how much you spend, you could earn $150 in cash back during the year if you get a rewards card this gives you 2% cash back on dining and 1% cash back on all other purchases. Some cards even allow 3% to 5% cash back on other purchases and the percentage increases with partner merchants, depending on the credit cards you have.

For some consumers, that $150 can mean up to a month of free gas or several months of free coffee. Choosing cash over credit means “consumers are leaving that cash on the table,” Pukas said.

Take our poll : Are you worried that Social Security benefits will be reduced in your lifetime?

You struggle to build credit

You struggle to build credit

2. You struggle to get credit

Without a credit card, you’ll have a harder time real estate loan. By opening a first credit card account, making payments on time and keeping balances low, young consumers are laying the foundation for a strong credit history.

“The strategic and wise use of credit allows consumers to build a strong credit score,” Pukas said. “This credit profile provides significant savings on interest by financing larger purchases, such as a house or a car.”

You struggle to get a mortgage

You struggle to get a mortgage

3. You’re struggling to get a mortgage

Mortgage lenders consider a variety of factors when making lending decisions, but they place great importance on credit history. According to the Consumer Financial Protection Bureau, consumers with good credit are eligible for much better loan terms.

MyFICO has a loan savings calculator this makes the benefit of a good credit score crystal clear. Enter changes to a hypothetical credit score into the calculator — while keeping all other variables the same — and you’ll see how a lower credit score can cost you tens of thousands of dollars over the life of the loan.

You get poor terms on a car loan

You get poor terms on a car loan

4. You get poor terms on a car loan

Like mortgage brokers, auto lenders consider credit when making auto loan decisions. Few Americans have enough money to buy cars with cash, so most end up financing their purchase.

Good credit — which can be built and maintained through responsible credit card use — can help you get much better car loan terms.

You don't have full fraud protection

You don’t have full fraud protection

5. You don’t get full fraud protection

In the age of identity theft, all consumers are at risk of being victimized by someone stealing their card or card number, hacking into their account, or spending their money fraudulently.

Reporting and reversing charges on your credit card is much easier than recovering money taken from a bank account through dishonest use of your debit card.

“If someone uses your debit card fraudulently, they’re spending your money that’s in your account,” said Matthew Coan, owner of the financial comparison site. Casavvy. “When someone uses your credit card for fraudulent expenses, they’re spending the credit card company’s money.”

you are short of money

you are short of money

6. You are short of money

If you use a debit card instead of a credit card, it may cause unexpected problems. For example, hotels and car rental companies often put a temporary monetary hold on debit cards if you use them to check in, reducing the amount of money you have in your bank account.

Once the companies are paid in full, they refund your money. However, repayment can take time, leaving you short of money or possibly facing overdrafts if the money was held on a debit card attached to your bank account.

No one supports you in disputes with traders

No one supports you in disputes with traders

7. No one supports you in disputes with merchants

Have you ever purchased an item, only to find that the quality was a little lower than advertised? If you pay cash, you may not have any luck getting a refund. At the very least, you may have to go through a lot of hassle to get your money back.

However, if you purchase the item with a credit card, the issuer will generally act on your behalf. “The added weight of the card issuer supporting the individual can push the merchant to fix the situation,” said Scott Vance, owner of Trisuli Financial Advice in Cary, North Carolina

You reduce emergency fund options

You reduce emergency fund options

8. You reduce emergency fund options

Poll after poll, most Americans have very little money saved for an emergency. This means they would struggle to cope with unexpected medical or dental issues, car repairs, or job loss. Most experts recommend saving and setting aside a minimum of at least three months of expenses.

Emergency funds don’t have to consist solely of credit cards. However, a credit card can supplement and support an insufficient fund for rainy days. The more responsibly you use a credit card, the more likely you will be approved for higher lines of credit, which can add an extra cushion to an emergency fund.

You are hurting job prospects

You are hurting job prospects

9. You’re hurting job prospects

Many companies pull applicants’ credit reports as part of employee background checks. Although the practice is controversial, a bad credit history — or a lack of credit history — can lower your chances of getting a job you’re otherwise qualified for.

“Credit reports indicate whether or not you are liable,” financial expert John Ulzheimer told CNBC. “And, they also indicate whether you are in financial difficulty. These are attributes that are important to employers.” [2]

You pay more to travel

You pay more to travel

10. You pay more to travel

Get a travel rewards credit card, and you can enjoy benefits that you wouldn’t get by paying cash. According to Forbes, there are two types of credit cards that can help travelers save real money:

  • Generic maps. These offer points or miles that can be used for any travel-related expense.

  • Brand specific cards. Airlines and hotels offer these cards to travelers who stick with a specific chain or airline.

Lucrative sign-up bonuses are another perk for travelers. These bonuses may include bonus miles, a free plane ticket, a free night in a hotel or cash back.

More from GOBankingRates

Jake Arky contributed to this article.

This article originally appeared on GOBankingRates.com: 10 things that happen when you don’t use a credit card

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Barrows Hotel Enterprises invests in 3 new Superyachts Charter Singapore https://guideglobal.com/barrows-hotel-enterprises-invests-in-3-new-superyachts-charter-singapore/ Wed, 16 Nov 2022 06:06:20 +0000 https://guideglobal.com/barrows-hotel-enterprises-invests-in-3-new-superyachts-charter-singapore/ The 3 superyachts will be leased to a specific high quality Asian clientele. DUBAI, UNITED ARAB EMIRATES – Wheelbarrowsthe provider of hotel investments and hotel and hospitality advisory services in the Middle East and Africa, is investing in 3 new superyachts for charter in Asia. Barrows invests in a new Asian company which finances the […]]]>

The 3 superyachts will be leased to a specific high quality Asian clientele.

DUBAI, UNITED ARAB EMIRATES – Wheelbarrowsthe provider of hotel investments and hotel and hospitality advisory services in the Middle East and Africa, is investing in 3 new superyachts for charter in Asia.

Barrows invests in a new Asian company which finances the purchase of 3 new high-end superyachts via medium-term institutional financing. The 3 superyachts will be leased to a specific high quality Asian clientele. The market is completely open and offers huge opportunities in hospitality.

“We charter the ships on a weekly basis, including everything the customer requests. Nothing is too much in it. From the most sketched food and the finest wines, bespoke clothing to 24 hour availability and 7 days a week of helicopters and supercars. We welcome our clients in every request with the highest standards and level of discretion. The charter business is conducted by a charter management company, “ said the president Erwin Jäger.

“The move to Asia has been on the cards for much longer. We have already started negotiations in 2021. Now that the agreement has been reached with a local partner, we can start building a new market in Asia together. It is true that yachts are chartered but certainly not superyachts.Our vessels are available from 35 meters above 50 meters and thus meet the demand of the wealthiest on the planet.Asia has the most billionaires and is growing every year. This market is important for us to be active at the highest level of the hotel industry”, says Erwin Jaeger.

Barrows Hotel Enterprises globally manages more than 10,000 hotel rooms in more than 10 countries. Barrows specializes in the fast growing hospitality industry in the MENA region, including West Africa. Barrows has been active in the superyacht charter industry in Asia since 2022.

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Basseterre, St. Kitts and Nevis • Stimson Center https://guideglobal.com/basseterre-st-kitts-and-nevis-stimson-center/ Wed, 09 Nov 2022 18:29:46 +0000 https://guideglobal.com/basseterre-st-kitts-and-nevis-stimson-center/ = Coastal cities are on the front line of the climate emergency. Rising sea levels, extreme weather events and warming temperatures amplify the vulnerability of city residents. At the same time, many coastal cities struggle with underlying economic and social issues such as inequality, employment in vulnerable industries, outdated infrastructure and governance gaps. Today, it […]]]>

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Coastal cities are on the front line of the climate emergency. Rising sea levels, extreme weather events and warming temperatures amplify the vulnerability of city residents. At the same time, many coastal cities struggle with underlying economic and social issues such as inequality, employment in vulnerable industries, outdated infrastructure and governance gaps. Today, it is estimated that 40% of the world’s population lives less than 100 km from the coast. By 2050, 580 cities, home to 800 million people, are expected to be threatened by rising seas and storm surges.

These interconnected problems have profound consequences for the social, political and ecological health of coastal areas. Climate risks compromise the economic, food and environmental security of cities, can increase tensions and unrest and hamper adaptation efforts. To prioritize further resilience actions, decision makers must have access to information that integrates complex climate threats across the landscape and seascape.

In response, the Stimson Center developed CORVI: The Climate and Ocean Risk Vulnerability Index, a decision support tool that compares a wide range of risks, related to climate risk, to produce a risk profile of coastal cities. With this information, decision makers can make climate-smart investments to build resilience where it matters most.

The urgency of adapting to climate risks in the small island states of the Caribbean

As the world comes together for COP27, more attention than ever is being paid to the need to build climate resilience in Small Island Developing States (SIDS) and deliver on previous pledges to mobilize increased levels of climate finance . SIDS emit less than 1% of global greenhouse gas emissions, but climate impacts already pose an urgent danger to the safety and security of their residents and businesses. Yet SIDS accessed less than 2% of climate finance pledged to developing countries in 2019. SIDS leaders are at the forefront of growing calls for increased funding for climate adaptation. To unlock funding and design and implement resilient solutions, policymakers need a comprehensive understanding of how climate change interacts with urbanization across the land and seascape. To address this need, Stimson conducted a CORVI assessment in St. Kitts and Nevis.

Using CORVI, research teams in Saint Kitts and Nevis, the United States and Taiwan collected data and conducted nearly 90 surveys and expert interviews to provide decision makers with a comprehensive picture of risks of Basseterre. Stimson is delighted to announce the launch of the CORVI Basseterre report at COP27.

The CORVI project would like to especially thank TaiwanICDF, the Ocean Affairs Council and the Government of Saint Kitts and Nevis for their invaluable partnership and financial support in advancing this project.

Key findings from Basseterre, Saint Kitts and Nevis

Basseterre, the capital and largest city of St. Kitts and Nevis, is one of the oldest settlements in the Eastern Caribbean. The city is located in the southwest of Saint Kitts and has a population of approximately 14,000, or more than 25% of the country’s population. Notable risks identified include:

  • Heavy reliance on industries vulnerable to climate change in particular travel and tourism, which accounted for over 52% of gross domestic product (GDP) and nearly 60% of total employment in 2019. Basseterre is the center of tourism in Saint Kitts and Nevis, including Port Zante, which can accommodate the largest cruise ships in the world.
  • Vulnerable marine and coastal ecosystems are damaged by the destruction of mangroves due to the development of the tourism industry, coral bleaching, stony coral tissue loss disease, dredging, sewage discharge, plastic pollution and runoff from hillside development projects. Marine and coastal ecosystems are an important tourist attraction, provide habitat for marine wildlife, and provide protection from erosion and storm surges.
  • Growing risks from extreme weather events including hurricanes and land and sea heat waves. Although no hurricane has made landfall in St. Kitts and Nevis since Hurricane Georges in 1998, the country has suffered significant losses from several storms, including nearly $20 million from the hurricane Irma in 2017. The frequency of severe hurricanes in the eastern Caribbean is expected to increase by 25-30%.
  • High levels of unreported fishing which some estimates put at more than 75% of the total catch. Since 2014, Saint Kitts and Nevis has been on a European Union list of countries (“yellow card”) warned of non-cooperation in the fight against illegal, unreported and unregulated (IUU) fishing.
  • Dependence on imported fossil energy which represents 95% of national electricity production and 98% of total energy consumption. Spending on imported fossil fuels was 4% of GDP in 2015 and leaves the country vulnerable to price fluctuations in the global oil market.

Priority recommendations:

  • Establish a permanent data management and coordination mechanism improve the collection, availability and sharing of data on climate risks. This could include connections between and between the public and private sectors, encompass ecological, financial and social data and facilitate coordination in resilience planning.
  • Increase investments to build resilience to climate risks in key sectors, including tourism, port operations and housing. This could include increased integration of green/blue infrastructure, improved waste management to maintain clear drainage channels, and promotion of sustainable ecotourism.
  • Develop renewable and distributed energy capacity to reduce single points of power grid failure, improve post-storm recovery, and reduce energy import costs. This could include simplifying import regulations, providing supportive financial incentives, and improving public-private coordination.

Ecological risk in Basseterre, Saint Kitts and Nevis

Due to Basseterre’s reliance on marine and coastal ecosystems, ecological risks are concentrated in the Ecosystem category. The city also faces high risks from unreported and unregulated fishing, the increasing frequency of extreme heat, and more frequent severe hurricanes. The main challenges identified include:

  • Unreported fishing is estimated to represent around 75% of the total catch in 2019, and interviews noted a decline in availability at the Bay Road fish market. Saint Kitts and Nevis has received a “yellow card” from the EU since 2014.
  • Extreme heat events are becoming more and more frequent. St. Kitts and Nevis has seen the highest increase in the number of extremely hot days of any country in the Eastern Caribbean. Marine heat waves damage key ecosystems, including coral bleaching.
  • Coverage of mangroves has shrunk to less than 0.7 km2, a drop of almost 20% since 1980, mainly due to the development of hotels and resorts. Small stands remain on the southeast peninsula of St. Kitts and on Sandy Point.
  • Harmful Algae Bloomin particular Sargassum, are increasingly common, particularly on the Atlantic coast, including the key tourist areas of Frigate Bay and Half Moon Bay.
  • Coverage of coral reefs has declined due to various threats including coral bleaching, stony coral tissue loss disease, dredging, discharge of untreated sewage, plastic pollution, and runoff from hillside development.

Financial risk in Basseterre, Saint Kitts and Nevis

Basseterre’s economy, like that of the country as a whole, is heavily based on travel and tourism, which is reflected in the assessment’s highest risk score. The city also faces significant risks due to its heavy reliance on fossil fuels, a highly developed coastline vulnerable to extreme weather events and flooding. The main challenges identified include:

  • The tourism industry accounted for more than half of GDP before the COVID-19 pandemic. The industry depends on healthy ecosystems such as coral reefs, coastal infrastructure such as hotels, and a productive workforce.
  • Renewable energy accounts for less than 5% of electricity and 2% of total energy consumption, with diesel and oil making up the rest. This makes residents and businesses vulnerable to fluctuations in world prices and increases air pollution.
  • The informal economyalthough smaller than many other countries in the region, makes inclusive resilience planning and post-disaster support more difficult.
  • A highly developed coastline, in which the majority of the country’s physical infrastructure and tourist hotels. The coastline is vulnerable to coastal inundation and flooding caused by rainfall descending from the mountainous interior.
  • High market losses due to extreme weather events, most recently, $27.6 million from Hurricanes Irma and Maria in 2017. The Caribbean Catastrophe Risk Insurance Facility estimated annual losses from hurricanes of $15.1 million.

Political risk in Basseterre, Saint Kitts and Nevis

Like many Eastern Caribbean States, St. Kitts and Nevis faces technical, institutional and financial constraints to the effective implementation of its resilience strategies. Basseterre also faces significant risks related to urbanization and high employment in tourism. The main challenges identified include:

  • Insufficient capacity to meet adaptation needs with less than 50% of the measures included in the 2018 national adaptation strategy having been implemented by the end of 2021.
  • High employment in tourism which accounted for more than 60% of total employment before COVID-19. Employment in tourism fell by 30% from 2019 to 2021 due to travel restrictions imposed due to the COVID-19 pandemic.
  • A rising dependency ratio as the population ages in the future. This will lead to a 50% increase in health expenditure between 2018 and 2050 and increase the population at high risk of extreme weather events.
  • A growing urban population which increased by almost 3% from 2011 to 2018, triple the national rate. This has led people to encroach on risk-prone areas, such as coastal floodplains and steep slopes, and puts a strain on waste disposal services.

Interpretation of risk scores

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Jaishankar – The New Indian Express https://guideglobal.com/jaishankar-the-new-indian-express/ Fri, 28 Oct 2022 10:22:00 +0000 https://guideglobal.com/jaishankar-the-new-indian-express/ By Agencies MUMBAI: External Affairs Minister S Jaishankar said on Friday that the main conspirators and planners of the 26/11 terrorist attacks in Mumbai continue to remain protected and unpunished, which has undermined collective credibility. He also said that when it comes to outlawing certain terrorists, the United Nations Security Council (UNSC) has “unfortunately” been […]]]>

By Agencies

MUMBAI: External Affairs Minister S Jaishankar said on Friday that the main conspirators and planners of the 26/11 terrorist attacks in Mumbai continue to remain protected and unpunished, which has undermined collective credibility.

He also said that when it comes to outlawing certain terrorists, the United Nations Security Council (UNSC) has “unfortunately” been unable to act in some cases due to “political considerations”.

The minister was speaking at a special meeting here on “countering the use of new and emerging technologies for terrorist purposes”.

The first leg of the event is taking place at the Taj Mahal Palace Hotel in South Mumbai.

This hotel was one of the places attacked by terrorists during the November 2008 attacks.

“The main conspirators and planners of the 26/11 terrorist attacks continue to remain protected and unpunished,” Jaishankar said. This undermines collective credibility and collective interest, he added.

Jaishankar said the “shocking” terrorist attack was not just an attack on Mumbai, but on the international community.

“In fact, this whole city was taken hostage by terrorists, who entered from the other side of the border,” he said, without naming Pakistan. As many as 140 Indian nationals and 26 citizens from 23 countries lost their lives in the attacks, he said.

On November 26, 2008, 10 terrorists trained by the Pakistani terrorist organization Lashkar-e-Tayyiba (LeT) carried out a series of coordinated attacks against multiple targets in Mumbai, killing 166 people.

Speaking at the Counter Terrorism Committee’s informal briefing, Jaishankar said, “We all know that money is the lifeblood of terrorism. Terrorist organizations need funds and resources to maintain their organizational functions and undertake activities. The reality that terrorism continues to exist and expand highlights an underlying truth: terrorism continues to obtain the financial resources necessary to thrive. »

“A key aspect of the fight against terrorism is to effectively combat the financing of terrorism. Today, the Counter-Terrorism Committee will also hear from experts on the fight against the financing of terrorism in the local and regional context”, said he declared.

Asking the international community to remember the trauma suffered by the victims of the Mumbai terrorist attacks, EAM said: “Your presence here demonstrates the commitment that each of you and your countries and all other stakeholders of various organizations have shown to counter the common threat of terrorism.”

Jaishanakar said that terrorism is a serious threat to international peace and security, in fact, to all of humanity. “We heard the voices of his victims today. Their loss is immeasurable,” he added, referring to the victim’s accounts that were heard ahead of his speech.

The Minister of Foreign Affairs stressed the need to remember the trauma of the victims of the Mumbai attacks in order to bring the perpetrators of terrorism to justice.

“However, it behooves us as responsible members of the international community to remember this trauma and to persevere in our efforts to bring the perpetrators of terrorism to justice. We owe it to all victims of terrorism around the world. “, he added.

Jaishankar, Michael Moussa, Gabonese Minister of Foreign Affairs and President of the UNSC, as well as members of the international community, also paid tribute to the victims who lost their lives in the terrorist attacks of 26/11.

(With PTI and ANI inputs)

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Hotel Canandaigua wants to use the city park https://guideglobal.com/hotel-canandaigua-wants-to-use-the-city-park/ Fri, 21 Oct 2022 07:09:41 +0000 https://guideglobal.com/hotel-canandaigua-wants-to-use-the-city-park/ CANANDAIGUA, NY – If the long-awaited opening of the Canandaigua Lakeside Hotel happens as company officials expect in May 2023, they hope a deal can be reached with the city that details its use of the public park outside its gates. Several city council members seem willing to explore the idea with more concrete plans […]]]>

CANANDAIGUA, NY – If the long-awaited opening of the Canandaigua Lakeside Hotel happens as company officials expect in May 2023, they hope a deal can be reached with the city that details its use of the public park outside its gates.

Several city council members seem willing to explore the idea with more concrete plans than those currently being proposed, but others are adamantly opposed to private enterprise using public property for its own benefit at the expense of taxpayers.

The hotel is looking to lock down a portion of the lakeside park for several hours Friday through Sunday, May through October, for wedding ceremonies as well as set-up and tear-down time associated with the event. The hotel is also looking to use the nearby public dock for guests to enjoy lake excursions in partnership with other companies as well as overnight access to it.

Part of the park could also be used for people to attend concerts in a bar and restaurant yet to be named on the hotel’s website.

Kimberly Picha, events and sales manager for Hotel Canandaigua, told the city council’s environmental committee Tuesday night that this was an “incredible opportunity” for the hotel and the city.

“We just want to make sure access to the lake property is used to best effect,” Picha said.

In order to obtain exclusive use of the park area during the hours requested, a revocable license agreement – ​​similar to one that gives Canandaigua Sailboard use of part of Kershaw Park, for example – and a fee would be charged at the hotel, according to City Manager John Goodwin.

“I wouldn’t say it would be small,” Goodwin said of the fee cost.

In general, council members want to see a more detailed plan before deciding, although council member Stephen Uebbing sees this as harmless and a good way to generate revenue and create jobs.

“I think there’s just too much to sort out,” Mayor Bob Palumbo said.

Still, Councilor Renée Sutton said she opposes all aspects of the proposal because city residents would lose access to the park, while the city maintains and cares for it.

“I’m a ‘no’ from start to finish,” Sutton said. “I don’t need to hear anymore.”

The city is in the midst of a study of its lakeside parks. Lakefront Park, for example, could see a widened pathway from Kershaw Park to allow pedestrians and cyclists. Also a possibility, a new picnic pavilion and playground, according to a disorganized discussed last month.

Work began but was halted in 2015 on the former Canandaigua Finger Lakes Resort after funding failed. Work resumed three years ago and, according to Picha, the hotel is about to finally open.

“We can’t wait for everyone to come to our new property,” Picha said.

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Assistance: Jackson hires two law firms to help navigate hotel TIF obligations https://guideglobal.com/assistance-jackson-hires-two-law-firms-to-help-navigate-hotel-tif-obligations/ Tue, 18 Oct 2022 14:37:30 +0000 https://guideglobal.com/assistance-jackson-hires-two-law-firms-to-help-navigate-hotel-tif-obligations/ Jackson City Council has approved the hiring of two law firms to help the city issue a funding method to reimburse the developer of a hotel in Fondren for infrastructure improvements. Law firm May and Watkins & Eager will provide expertise in reviewing plans and issuing $1 million tax increment financing (TIF) bonds. The bonds […]]]>

Jackson City Council has approved the hiring of two law firms to help the city issue a funding method to reimburse the developer of a hotel in Fondren for infrastructure improvements.

Law firm May and Watkins & Eager will provide expertise in reviewing plans and issuing $1 million tax increment financing (TIF) bonds.

The bonds will allow Wealth Hospitality Group, a private Ridgeland business development company specializing in hotels, to be reimbursed for infrastructure upgrades related to the construction of Homewood Suites By Hilton in Fondren.

The 125-room extended-stay property at 2815 N. State St. opened in August 2020.

TIF bonds are an important incentive for developers, said Christiana Sugg, in-house counsel at Gouras & Associates, a financial advisory firm in Ridgeland employed by Wealth Hospitality Group.

“It’s often the case, it will make or break a project,” she said. “They are really an incentive to develop a project. This puts the risk on the developer. The developer doesn’t get any refunds unless they build something that pays taxes. »

TIF bonds are secured solely by a pledge of increased ad valorem taxes on real estate and personal property generated by a project.

School taxes and some special assessments cannot be used to service bonds, and bonds issued under a TIF are not general city or county bonds, which means that only income from ad valorem tax and district sales tax TIF may be pledged to secure the bonds.

Fondren’s hospitality project, as the hotel development initiative was known, was supposed to cost $15 million, but ended up paying $22.5 million.

Estimates based on the $15 million projected cost for the hotel would increase property and personal taxes for the City of Jackson and Hinds County as well as Jackson Public Schools property taxes from $23,438 per year to $299 $086 per year, according to the project’s TIF plan. Jackson City Council passed in June 2018.

The annual ad valorem tax for the city of Jackson was estimated at $7,901 at the start of the project and is expected to be $99,522 after the project, according to the plan. The Hinds County ad valorem tax was estimated at $5,146 at the start of the project and $65,652 after the project. School district property taxes were $10,491 at the start of the project and estimated to be $133,911 after the project.

The project was expected to generate approximately $4.2 million in sales per year, which would generate annual sales tax rebates of $54,390 for the city.

Documentation required after a project is built will provide actual numbers rather than projections, said Chris G. Gouras Jr., principal/consultant at Gouras & Associates.

Construction of the hotel represented a construction payroll of about $4.5 million and 58 new full-time and part-time permanent jobs, according to the plan. Fifty-eight new jobs, both full-time and part-time, were expected from the project.

Wealth Hospitality Group is eligible to be reimbursed for building sidewalks and a retaining wall, utility work, storm drainage improvements and demolition, Sugg said.

Wealth Hospitality Group will receive about 85% or 90% of the $1 million TIF bonds, Gouras said, explaining that some of the funding will go to debt service reserve funds.

Watkins & Eager has estimated that its fees for its services as co-bond adviser will not exceed 3% of the maximum principal amount of the bonds actually issued. The company will also invoice the City for reimbursement of expenses, including telephone, travel, photocopying and delivery costs, which should not exceed $3,000.

Developments in Jackson such as the King Edward Hotel, The Westin and The District at Eastover, Renaissance at Colony Park in Ridgeland and Dogwood Festival Marketplace in Flowood have benefited from TIF bonds, Gouras said.

Mike Peters, who is responsible for developments at Fondren Corner and Duling School, said TIF bonds can be useful when setting up financing for a project.

“It’s an important piece of the puzzle,” he said, “and ultimately they cost nothing.”

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Morning Report: The county’s top cops will get two more years in the office https://guideglobal.com/morning-report-the-countys-top-cops-will-get-two-more-years-in-the-office/ Wed, 12 Oct 2022 11:30:00 +0000 https://guideglobal.com/morning-report-the-countys-top-cops-will-get-two-more-years-in-the-office/ Without too much attention or discussion of the impacts, the governor recently signed a bill that will ensure District Attorney Summer Stephan remains in office through 2028. She is running for office this year unopposed for a another four-year term. But the new law will give him two more years. The legislation was intended to […]]]>

Without too much attention or discussion of the impacts, the governor recently signed a bill that will ensure District Attorney Summer Stephan remains in office through 2028. She is running for office this year unopposed for a another four-year term.

But the new law will give him two more years. The legislation was intended to bring the sheriff and district attorney elections in line with the presidential election cycle after 2022. As Jesse Marx reports, Democrats and advocates who pushed the bill argue that in the long run, it will increase participation in law enforcement races and will ensure underrepresented communities have more influence in races.

In the meantime, that means District Attorney Summer Stephan, who is running unopposed, will serve until 2028 before returning to voters. The same goes for whoever wins the sheriff’s seat. John Hemmerling, the former head of the city attorney’s criminal division, runs against Kelly Martinez, the deputy sheriff.

Both said the extra two years will give them more time to carry out their programs and stop deaths in the prisons they run. San Diego has the highest in-prison death rate among the state’s largest counties.

Read the full story here.

Speaking of election: KPBS reports that the county’s registrar of voters has new drop boxes where voters can cast their ballots.

Gloria: ‘Stop fooling around’ so the city can build more public toilets

Mayor Todd Gloria and San Diego County Board of Supervisors Chairman Nathan Fletcher discuss homelessness during a Politifest panel, moderated by Voice of San Diego reporter Lisa Halverstadt, October 8, 2022. /Photo by Ariana Drehsler

Mayor Todd Gloria, at this weekend’s Politifest, said the city is trying to add more public restrooms, but his attempts to do so are harder than they should be because they’re so crude .

“I just need to ask people to stop fooling around in this toilet,” he said. “I mean, it’s not just the homeless population. It’s everyone. You’ve seen the stories about the lack of cleanliness. Talk about workers’ issues. It’s very difficult to get people to do this work as well. And so, you know, when that toilet gets destroyed – and I’m not saying that’s the homeless thing – it’s everybody who comes in there and does something stupid. Like, it’s kind of funny, but it’s not, is it? I mean, it’s hard for me to tell a community that we have to put public toilets there because they only see it as a negative thing rather than a common human thing, which is to say that we all go to the toilet, don’t we? ”

Last year, Gloria’s administration set a goal of having public restrooms within a five-minute walk of downtown. The city told our Lisa Halverstadt on Tuesday that it has yet to meet the goal it set nearly a year ago.

Read more about Gloria’s comments on public restrooms here.

Port Supervisors Signal Support for Public Funding of Up to $550 Million for Seaport Village Redevelopment

Six years after selecting developer 1HWY1 to redevelop Seaport Village, the Board of Harbor Commissioners said on Tuesday it agreed with the developer’s plan to seek $550 million in public funds to complete the project.

The grant would help pay for things like stabilizing the shoreline, raising the land to resist sea level rise and developing utilities, and pay for amenities that were a selling point for the project such as an urban beach, parks, a promenade and an elevated bridge. green strand” footbridge inspired by the High Line in New York.

Public funds would not be used for revenue-generating infrastructure like parking garages, or for the $2.6 billion in private development that would include 2,000 hotel rooms, an aquarium, an observation tower, retail shops and offices or a concert hall.

Yehudi “Gaf” Gaffen, who runs 1HWY1, had said he could build the project without public funds, covering upgrades with private development profits. That changed, he said, when the bill for those upgrades went from $150 million to $1.2 billion.

Where does the money come from: Part of it, about $250 million, would come from special taxes on hotel rooms and tickets to the project’s attractions. This would be in addition to the hotel taxes that the city of San Diego charges.

The other chunk would come from a tax increase funding district. The development would itself generate new tax revenue and some of this would be retained in the district. The port would use it to repay money borrowed to make the improvements described. Raising taxes was a common source of public funding in downtown San Diego, before the state killed off the redevelopment program in 2011. That could build on a similar, little-used replacement known as the improved infrastructure funding district name, although this was not detailed. Tuesday.

This increase would come from increases in property taxes, sales taxes and hotel taxes that would be paid to the county, city and school district.

The harbor commissioners, however, made it clear that they were in favor of the idea and wanted the city’s help in studying its feasibility.

“People describe it badly because they oppose any development on the site, period – they call it a subsidy,” said port commissioner Rafael Castellanos. “In the private sector they would call it an investment because you get a return on it. I implore the city to dedicate the resources to verify the economic impact study, just as we will, to determine if the business case is there…If the return is there, we should invest in our area.

“The reality looks quite different from a tax subsidy or revenue diverted from other things,” Commissioner Michael Zucchet said. “It’s income paid for by things that don’t exist right now.”

Commissioner Ann Moore said she still expects public funding, but does not want it to come from the port’s general fund or use the port’s general fund as a safety net for the surety.

“It’s a bottom line, we can’t go there, and so we need input from the city and county of San Diego,” she said.

And after: The port could give preliminary approval to the project next month, allowing the developer to begin its necessary environmental review before it can seek approval from the state Coastal Commission. Gaffen said he hopes the project could start in 2025 or early 2026, ten years after the port selected the developer.

San Diego County has a new plan for the homeless

San Diego County needs more than 9,000 new affordable and supportive housing options, at least 850 new shelter beds and thousands more units to dramatically reduce homelessness, says a new regional homelessness plan released on Wednesday.

The Regional Homelessness Task Force, the county group that coordinates the local response to homelessness, has contracted with the Corporation for Supportive Housing to produce the long-awaited plan that calls for dramatic increases in housing and ugly.

“Currently, there are not enough resources to effectively make homelessness in San Diego rare, brief, and one-time,” the plan’s authors wrote.

The new strategy urges the region to work to halve homelessness and end homelessness among veterans, families, youth and seniors over the next five years.

It also outlines the challenges the region faces to drastically reduce its homelessness crisis, including fragmented leadership and a lack of regional coordination, a dearth of low-barrier shelter options, service and housing deserts. in some areas of the county and a “little urgency” to address a severe shortage of affordable housing.

Task Force CEO Tamera Kohler acknowledged that delivering new homes and shelters won’t be easy, but applauded the city and county’s recent commitment to produce 10,000 homes. She also said shared and non-traditional housing options such as modular units could also help the county quickly house more of its homeless residents.

The key, Kohler said, will be to dramatically expand solutions, including housing.

“I think we could dramatically change the landscape and reduce the numbers,” Kohler said.

In other news

  • The county earlier this week inaugurated a reception center for immigrants and refugees in National City. (Union-Tribune)
  • SANDAG told 10News that he was pursuing a proposal to extend one of its tram lines in Tijuana.
  • Dozens of county homeworkers who feed, bathe and clothe some of the region’s most vulnerable mobilized for better wages and benefits. 10News reports workers earn $15.50 an hour and their union says low wages are causing a shortage.
  • Inside the county administration building, supervisors signed a new mandate to provide fentanyl education in county schools, distribute naloxone overdose treatment to parents, and teach students how to use it. (City News Service)
  • Residents of Barrio Logan collect petition signatures with the Environmental Health Coalition to demand that county air quality regulators get rid of odors from a local biodiesel plant, they say, makes them sick. (Union-Tribune)
  • Military families are seeing their housing allowance increase, but may not be enough. (KPBS)

The morning report was written by Jesse Marx, Andrew Keatts and Lisa Halverstadt. It was edited by Andrew Keatts.

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Meeting in Cyprus sheds light on ‘green financing’ https://guideglobal.com/meeting-in-cyprus-sheds-light-on-green-financing/ Sun, 09 Oct 2022 17:32:38 +0000 https://guideglobal.com/meeting-in-cyprus-sheds-light-on-green-financing/ The United Nations has chastised Europe, the Middle East and Central Asia for failing to tackle climate change, pollution and environmental degradation in a critical assessment of efforts over the past 30 last years. The assessment was presented at the 9th International Ministerial Conference on the Environment for Europe held The United Nations has chastised […]]]>

The United Nations has chastised Europe, the Middle East and Central Asia for failing to tackle climate change, pollution and environmental degradation in a critical assessment of efforts over the past 30 last years. The assessment was presented at the 9th International Ministerial Conference on the Environment for Europe held

The United Nations has chastised Europe, the Middle East and Central Asia for failing to tackle climate change, pollution and environmental degradation in a critical assessment of efforts over the past 30 last years. The assessment was presented at the 9th International Ministerial Conference on the Environment for Europe held in Nicosia, Cyprus, from 5-7 October.

If governments take the assessment seriously, this gathering could mark a new and more productive phase in the reformist “Environment for Europe” process launched in 1991 in the former Czechoslovakia where the basic orientations of a pan-European cooperation have been defined.

The assessment, prepared by the Economic Commission for Europe (UNECE) and the United Nations Environment Program (UNEP), describes modest but uneven progress in the pan-European region and reveals shortcomings in the 60 member countries . Besides Europe, these include Saudi Arabia, Oman, Qatar, Egypt, Jordan, Palestine, Lebanon, Syria, Morocco, Bahrain and Kuwait from this region as well as countries in Central Asia.

The gathering brought together 71 ministers, senior officials and hundreds of participants from the private and public sectors, universities and youth groups.

UNEP Deputy Director Sonja Leighton-Kone summed up the situation: “Humanity has postponed and postponed the challenges, now the crisis is with the United States.” And UNECE Executive Secretary Olga Algeyarova said the assessment “must be a wake-up call for the region” and said “there is no time to lose”. She called on governments to embrace the “multiple tools and approaches of the UN to reduce pollution, strengthen environmental protection and reduce resource use”.

The aim of the effort is to achieve the development goals of the United Nations 2030 agenda. However, the “pan-European” group is too large, too diverse in every way, and too focused on addressing current economic, political, security, and climate issues to seriously pursue longer-term goals.

This is all the more true since these objectives are supposed to be largely or at least partially achieved in just eight years.

Some of the highlights of the assessment are:

Although air pollution is the biggest health risk in the pan-European region, emissions continue to rise despite countries’ pledges to reduce greenhouse gases. Western European countries have achieved significant reductions, but not developing countries where fossil fuel consumption is subsidized. Overall, fossil fuels account for 78% of energy consumption, and the share of solar, wind and hydro renewables is not keeping up with the increase in consumption.

The region’s rivers, lakes and aquifers must be preserved. They risk increasing pollution from agricultural sprays and fertilizers, urban sewage and industrial waste, all of which pose risks to human health. Although there has been an increase in forest areas, governments must reduce losses by eliminating subsidies and incentives that encourage damaging and destructive activities in forest areas. European Union conservation policies apply inside the bloc, but the picture is mixed in other countries.

Land continues to be appropriated at a slower rate for urban development and infrastructure, but soil erosion and degradation continue, undermining efforts to sequester carbon dioxide, regulate water use water, promote biodiversity and increase soil productivity.

Recycling fails to contain mountains of waste throughout the region. Extraction and processing of minerals and other natural resources “cause 90% of biodiversity loss and water stress and around 50% of climate change impacts”.

The Mediterranean Sea and the Black Sea are “heavily overexploited” and threatened by pollution from fertilizers, plastics, oil and chemicals. As mass tourism, particularly around the Mediterranean, is not managed effectively, it has negative impacts on air, water, land and biodiversity by increasing localized consumption, especially during periods of holidays.

Only 65% ​​of the region’s population is covered by disaster relief programs. These have been undertaken by 15 countries, but 23 countries, with a quarter of the region’s population, “do not report”. Probably because they have nothing to report.

The authors of the assessment called for “green financing” to reduce environmental damage and promote sustainable infrastructure development, public education and regional policy coordination.

The Ministerial Conference closed with a declaration reaffirming the commitments of participating States to adopt a range of policies that contribute to planetary health.

One sector highlighted at the conference is expected to be of particular interest to the host country, Cyprus, Oman, Egypt, Tunisia, Morocco and Jordan, as well as other mass tourism destinations. Indeed, the arrival of millions of tourists in high season can be disruptive in countries with fragile environments and limited resources.

Tourism consumes water, fuel for vehicles, electricity and food, and requires staff in hotels, restaurants, the waterfront and historical and ancient sites. Tourists are wasting increasingly scarce resources and leaving trash everywhere they go. Plastics are a major concern as they are indestructible and ultimately the decomposing plastic particles are hazardous to the health of humans, animals and sea creatures.

Tourism is a major source of income in many countries, especially those poor in natural resources and without income from industries. Countries should be encouraged to promote tourism that can be managed in such a way as to minimize the negative impact on the environment. The facilities must be improved to accommodate demanding visitors whose presence is welcome.

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Several businesses, upcoming projects in downtown Lake Charles https://guideglobal.com/several-businesses-upcoming-projects-in-downtown-lake-charles/ Fri, 07 Oct 2022 02:43:00 +0000 https://guideglobal.com/several-businesses-upcoming-projects-in-downtown-lake-charles/ Lake Charles, LA (KPLC) – There will soon be a lot of construction in Lake Charles, as Mayor Nic Hunter told the Downtown Development Authority, more than $100 million is currently being invested in downtown projects . Businesses like Gigi’s are returning to downtown, and even more new businesses have announced plans to join the […]]]>

Lake Charles, LA (KPLC) – There will soon be a lot of construction in Lake Charles, as Mayor Nic Hunter told the Downtown Development Authority, more than $100 million is currently being invested in downtown projects .

Businesses like Gigi’s are returning to downtown, and even more new businesses have announced plans to join the area, including a garden center. City officials recently announced that new developers are looking to restore Zephyr’s old building.

“This is being purchased by a New Orleans company, and they will spend over $12 million to renovate it into office and retail space,” Mayor Nic Hunter said.

In addition to downtown, construction is already underway at the lakefront as renovations to the parking garage are underway. Crying Eagle, Lake Area Adventures, Port Wonder and other projects were announced last year.

To help fund projects along the lake, I-10, and even Enterprise Boulevard, the state approved a request for tax increment funding, which essentially gives the city a portion of the sales tax. .

“Beyond the stipulation that it was to be used for public purposes, public infrastructure,” Hunter said. “We agree with that, because these areas need a lot of investment.”

Hunter said once the ball starts rolling on confirmed lakefront projects, the city will issue requests for proposals on the east side of the parking lot.

“I would definitely be willing to do smaller plots to make it more palatable and easier to develop like we did on the west side, but it’s possible a developer could come in and take all eight acres and do something really special,” Hunter said.

Hunter said he supports residential use of the area as long as there are retail areas available as well.

Plans to revamp the civic center and add a hotel were also discussed.

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