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Edinburgh Reporter
5 days ago
- Business
- Edinburgh Reporter
Sheraton Grand's first team member celebrates 40 years service
A long-serving team member at Edinburgh's Sheraton Grand Hotel & Spa is celebrating 40 years of service in the same year the hotel itself turns 40. Many know Wayne Hutchison as the welcoming doorman in a kilt but may be unaware that he was one of the first employees through the doors when the Sheraton Grand opened in 1985 on Lothian Road. Four decades on, he remains a well liked and respected member of the team, known for his warmth, professionalism, and unwavering dedication. Wayne's journey was inspired by his father, who worked in the hotel's housekeeping department. Following in those footsteps, Wayne became one of the Sheraton Grand's founding team members, a living link between the hotel's first day, culminating in its 40th anniversary celebration this year. Wayne said: 'When I started back in 1985, I never imagined I'd still be here 40 years later. The hotel has changed and grown over the years, but the sense of pride in what we do has stayed the same. I've worked with so many amazing people, and I'm proud to have played a small part in its story.' To celebrate this remarkable milestone, Wayne was honoured with a special presentation at the hotel, where colleagues gathered to share memories and toast his contribution. Martijn Zengerink, General Manager of the Sheraton Grand Hotel & Spa said: 'Wayne is one of a kind. As one of our very first employees, he's witnessed every chapter of our hotel's evolution and helped write many of them. 'His loyalty, warmth and professionalism have had a lasting impact on everyone who has had the pleasure to work with him. His 40 years of service is a remarkable achievement and one that deserves real recognition.' The milestone comes as the Sheraton Grand marks its own 40th anniversary in 2025, with both Wayne and the hotel sharing a legacy of excellence, experience and award-winning service. The Sheraton Grand remains one of Edinburgh's leading luxury hotels and in its 40th year is continuing to receive industry recognition. Its award-winning One Spa has been shortlisted in the Good Spa Guide Awards 2025, where the public was encouraged to vote ahead of the gala ceremony in November. Wayne continues to be a much-valued part of the Sheraton Grand family, the doorman in the kilt who represents the very best of Scottish hospitality and a shining example of the people who make five-star service possible. Wayne the concierge at Shearton Grand Like this: Like Related
CNBC
02-05-2025
- Business
- CNBC
Ariel's John Rogers says he's been buying steadily throughout this downturn. What he's buying
Ariel Investments' John Rogers said he views this year's sell-off as a perfect opportunity to find good bargains, even as recent tariff and recessionary fears have clouded the outlook on U.S. markets for many investors. Rogers, Ariel's chairman, co-CEO and CIO, told CNBC's "Squawk Box" on Friday that the firm has been picking up shares of companies he likes that became cheap during the pullback. Major indexes remain in the red for the year, but are on pace for their second winning week in a row as enthusiasm picks up on potentially easing global trade tensions. "I don't think it's too late [to invest now] but we have been buying steadily throughout this decline and adding to our favorite positions that we've owned for a long time," Rogers said during the interview, conducted in Omaha, Nebraska, ahead of Berkshire Hathaway 's annual shareholder meeting this weekend. "It's stressful ... but it's fun though to get up Monday morning and see opportunities," Rogers continued. "As Warren always says, you want to buy when everyone's fearful. You want to take advantage of these opportunities, these bargains that are out there. So it's an exciting time." During the downturn, Rogers said his firm has added to its positions in Sphere Entertainment , Madison Square Garden Entertainment and OneSpaWorld Holdings . "OneSpa has been a great holding for us now in the Ariel Fund," the investor said. OneSpaWorld — which operates a variety of traditional and medi-spa services on cruises and resorts — just reported a first-quarter earnings and revenue beat on Wednesday and said it expects to introduce wellness centers on eight new ships later this year. The company's shares have risen on the back of its results, but the stock is still down roughly 9% year to date. "We think the cruise line industry is very strong, it's very dynamic and we own stocks in that area, but OneSpa does everything now ... you can get a face lift to a massage on a ship. If you think about it, it's a great place to be able to hide away a little bit too if you want to," Rogers said. Rogers also named Norwegian Cruise Lines as a "cheap" play that is currently trading at a single-digit price-to-earnings multiple. "We think it's selling at about a 60% discount to private market value," Rogers said. "... There might be some choppiness going forward, but it's a really great long-term brand." Shares of Norwegian are down roughly 33% this year as broader macroeconomic pressures hit cruise stocks. The company also missed first-quarter earnings expectations on Wednesday and said that its revenue will likely be pressured this year, particularly as Americans could be hesitant to book longer cruises to Europe in the third quarter. The company still maintained its earnings guidance.
