Chamber mixer

Chamber mixer

YOUNGSTOWN

The Youngstown/Warren Regional Chamber will have a winter mixer for chamber members and nonmembers from 5:30 to 7:30 p.m. Feb. 19 at Hollywood Gaming at Mahoning Valley Race Course. The event includes a cash bar and hors d’oeuvers.

The cost is $20 for chamber members and $30 for nonmembers. For reservations, call 330-744-2131, ext. 12; email jennifer@ regionalchamber.com; or visit the calendar of events at www.regionalchamber.com.

Lavish seaside hotel sells for $360M

LAGUNA BEACH, Calif.

An exceedingly opulent seaside resort in Southern California has sold for an eye-popping $360 million.

That price tag for the Montage Laguna Beach — which comes to $1.4 million per room — “shattered the price barrier for California hotels by a wide margin,” hotel consultant Alan Reay of Atlas Hospitality told the Los Angeles Times on Friday.

Only the Four Seasons Resort Hualalai in Hawaii and the Waldorf Astoria in New York sold for more per room in the U.S. The historic Hotel Coronado in San Diego County sold for more than $1 million per room.

Shake Shack shares sell for $21 in IPO

NEW YORK

Wall Street went wild for burgers Friday.

Shares of Shake Shack, a burger chain that started as a New York City hot dog cart, more than doubled in their first day of trading.

The company raised $105 million in its initial public offering Thursday, selling 5 million shares at $21 per share. It initially had forecast that its shares would fetch $14 to $16 per share from investors, and raised that prediction to $17 to $19 per share Wednesday as demand grew.

It has 63 locations, mostly on the East Coast, with plans for more.

Vindicator staff/wire reports