Bottom fisher buys new life in quality hotels

Article Abstract:

Marylyn Rodgers runs the 259-room Esplanade Hotel in Fremantle, Australia, with an occupancy rate of about 72. She also bought for $4.5 million the site of an old retail wool mart which is being remodeled as the Goldsborough Hotel. In addition to 193 hotel rooms, the building will include about 80 apartments, and she hopes to sell them at prices ranging upward from $330,000.

Hotels & Motels, Hotels (except Casino Hotels) and Motels, Hotels and motels, Fremantle, Australia, Rodgers, Marylyn

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Orbital threatens to fulfil its original spin: the company says it is about to make the step from research to commercialization, and some in the market are listening

Article Abstract:

The financial status of Orbital Engine Company has improved in recent years. Orbital's management feels they have turned the corner, and now the company is able to generate cash in their operations. System sales increased from $6.1 million to $11.2 million, and engineering services sales increased from $15.6 million to $21.6 million.

Engine, Turbine, and Power Transmission Equipment Manufacturing, Engines and Turbines, Engines & Turbines, Finance, Machinery industry, Orbital Engine Corporation Ltd., Company Profile, Johnsen, Ken

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