Paris Hilton's nonprofit gives $25,000 grants to women-owned small businesses hit by the Eaton Fire
"You think, 'I can go grab something — oh wait, it's in ashes,'" said Faquir, who has worked at the shop since her mother, Barbara Shay, took over the family business seven years ago.
The women want to rebuild the diner loved by neighbors for its shrimp and grits, catfish, and Shay's secret house coffee blend. They knew they'd need help, but were surprised when Paris Hilton called to offer it to them.
The Little Red Hen Coffee Shop is one of 50 women-owned businesses impacted by the Eaton Fire receiving a recovery grant of up to $25,000 from Hilton 's nonprofit 11:11 Media Impact and GoFundMe.org.
"These women are the backbone of their communities," the reality TV star said in a statement. "Through this powerful partnership, we're not just helping them rebuild — we're investing in their futures, their families, and their neighborhoods."
Faquir said the significant grant and the ease of the process was helpful, especially compared to tougher questioning for smaller grants from other donors who asked "for an arm and a leg." "They saw us," she said. "They heard our story."
More than 1,800 businesses were located in the Eaton and Palisades fire zones, according to Los Angeles County's Economic Development Corporation. They employed 9,600 workers and generated $1.4 billion in annual sales. The county estimates subsequent losses in economic output, income reductions, and tax revenue will be in the billions.
"Making sure they stay afloat now is supercritical so that we can even talk to them about longterm recovery," Kelly LoBianco, director of L.A. County's Department of Economic Opportunity, said of those businesses.
Businesses generally struggle to reopen after catastrophes. In 2023,
three-quarters of small businesses were underinsured
, according to the insurer Hiscox, and less than half had property insurance.
In the L.A. fires, many business owners also lost their homes. Some are still repaying loans from the COVID-19 pandemic. The county is distributing about $20 million in emergency grants, but LoBianco said much more will be needed.
After applications flooded in for its own program, 11:11 Media Impact and GoFundMe.org expanded it from 11 to 50 grants. The recipients include childcare centers, bakeries, bookshops, dance studios, and salons.
"Seeing the overwhelming response from women entrepreneurs in need of support showed us how important and urgent the need is to help this community rebuild," said Hilton.
The money will boost entrepreneurs who worried the Eaton Fire had destroyed their futures, said Lizzy Okoro Davidson, director of the Pasadena Women's Business Center, which is partnering on the grant program. The money can help pay back-rent after long closures, secure new spaces, and replace equipment. "In some cases the $25,000 will be the bridge to get them to 100% of what they need," said Okoro Davidson.
Renata Ortega, owner of Orla Floral Studio, used to run her floral design company out of a converted garage next to the home she shared with her husband and three dogs in the Altadena foothills.
Since the Eaton fire destroyed their property, Ortega has been working from a shared workshop in downtown LA lent to her by a fellow floral designer. It was a kindness Ortega deeply appreciates, but she knows she'll eventually need her own space.
"I really didn't know if we were going to make it or how long we were going to make it, having to start from scratch, so this grant is really giving me hope right now at a time of uncertainty," she said.
Ortega will use the money for a deposit and rent on a studio while she and her husband rebuild their property. She also needs to replace all the vases, shelving, and tools she lost.
"I can continue a business that was once just a dream for me," said Ortega, adding that she will be forever grateful to Hilton. "Now we're going to make it."
The Pasadena Women's Business Center will also receive $25,000 to provide no-cost advising to local business owners. Okoro Davidson said entrepreneurs will need lots of encouragement to keep going.
"We're really at the beginning of the beginning of the rebuild process," she said, adding that "reimagining" businesses will come next. Companies that never even had websites might now sell their products online, she said, or restaurants could convert to food trucks while they — and their customers — rebuild.
The grants came largely from GoFundMe.org's Wildfire Relief Fund, which has raised $7.7 million from 43,000 donors so far. Hilton, whose Malibu home burned in the Palisades Fire, donated $150,000 to the Wildfire Relief Fund.
Her nonprofit, which normally focuses on protecting children and amplifying female voices, raised $1.2 million in the first week after the fires.
Faquir said she and her mom will put the money toward building the restaurant, replacing equipment, and finally buying the land their diner has stood on for the last 53 years. "It's our family legacy," said Faquir. "We have to uphold what her mom started."
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USA Today
7 hours ago
- USA Today
5 high-yield stock picks to add to your dividend portfolio
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That's in line with the company's long-term norms. There is an arguable downside here. That's growth ... or lack thereof. The well-saturated U.S. wireless market doesn't offer much in the way of upside potential above and beyond simple population growth. Verizon is finding some inroads within the institutional/private 5G communications space, but that's a highly competitive market. There's just not a ton of expansion to be added here either. What Verizon may lack in growth potential, however, it more than makes up for in consistency and sheer payout. Nobody's interested in giving up their mobile phones, which supports a sizable forward-looking yield of 6.2% that's based on a dividend that has now been raised for 18 consecutive years. Not bad. 2. Realty Income Dividend yield: 5.6% Realty Income isn't a stock in the traditional sense. Rather, it's a real estate investment trust, or REIT. That just means it owns a portfolio of rent-bearing real estate. REITs trade just like ordinary stocks do, and pay dividends the same way that dividend stocks do, too. And Realty Income brings something else to the table that's pretty unique in addition to its sizable forward-looking yield of 5.6%. That's a monthly dividend payment, as opposed to the quarterly cadence you'll get with most other dividend stocks. Realty Income's specialty is retailing real estate. In light of the so-called "retail apocalypse" that seems to never end, this focus seems like a liability. But take a step back and look at the bigger picture. While numbers from Coresight Research point out that 7,325 U.S. stores were shuttered last year, 5,970 new stores were opened (or reopened). Realty Income further narrows this gap by serving the strongest survivors in the business. Its top tenants include 7-Eleven, Dollar General, Dollar Tree, and FedEx, just to name a few. 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If you can look just a little further down the road, though, some new blockbuster drugs are in the works -- drugs like vepdegestrant, for the treatment of ER+/HER2- metastatic breast cancer. While it will be competing with plenty of other therapies in this same space, it's noteworthy that the FDA fast-tracked this drug, which is being co-developed with Arvinas. And that's just one. Pfizer got a total of four promising oncology drugs with its 2023 acquisition of Seagen, and now has over 100 clinical trials underway, 30 of which are in phase 3 (late-stage) testing. Indeed, the company believes it's got eight oncology candidates in its developmental pipeline that could become blockbusters by 2030. Little of this long-term upside is being reflected in the stock's present price, however, even though it arguably should be. More to the point for interested income investors, this pharmaceutical stock's weakness has pushed its forward-looking dividend yield up to nearly 7% at a point where the pharma giant is on the verge of significant prolonged revenue and profit growth. 5. Global X Nasdaq 100 Covered Call ETF Dividend yield: 14% Finally, consider adding a stake in the Global X Nasdaq 100 Covered Call ETF (NASDAQ: QYLD) to your dividend portfolio. It's not a stock. It's an exchange-traded fund. And an unusual one at that. While it holds the same tickers that make up the tech-heavy Nasdaq-100 index, serving as an index fund isn't its primary purpose. Rather, this ETF's purpose is to generate reliable income that's regularly distributed to shareholders by selling covered calls against the ETF's stock holdings. It's an income-generating process called "buy-write," in fact -- you're buying a stock, and then "writing" (or selling) call options on those shares, essentially using them as collateral. And the process works. Although the income generated by writing covered calls over and over again can be erratic (don't count on that trailing 14% yield going forward), the resulting reliable yields are typically big even if they're not precisely predictable. There's also a big downside, though. That is, this fund is almost certainly guaranteed to underperform the Nasdaq-100 itself, even after factoring in all of its sizable dividend payments. That's just the nature of selling covered calls -- the strategy doesn't let you fully participate when the market's rallying the most. Writing options is just a means of monetizing stock holdings when they're mostly moving sideways, or losing ground. Still, with a double-digit yield, even only capturing a portion of the Nasdaq-100's long-term upside isn't a bad bet. It's just arguably not the only dividend-paying investment you'd want to own at any given time, mostly due to its inconsistent payments. James Brumley has positions in AT&T. 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Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $652,133!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,056,790!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025
Business of Fashion
9 hours ago
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This Week: What's Ailing Louis Vuitton?
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Skift
21 hours ago
- Skift
U.S. Hotel Construction Volume Falls to 20-Quarter Low
CoStar said the volume of US hotel rooms under construction decreased year over year for a sixth consecutive month, down by almost 12%. The DJIA ended Friday down 142 points while Nasdaq was up 10, the S&P 500 fell close to a point, and the 10-year treasury yield was down .03 to 4.43%. Lodging stocks were mixed. We are back after a rare week of rest, and we have a lot of news to go through. Please be patient as we try to catch up in the next couple of days ahead of the start of earnings season. CoStar said the volume of US hotel rooms under construction decreased year over year for a sixth consecutive month, down by almost 12%. This is a 20-quarter low and a real difference from a year ago. CoStar said the impact of hotel demand trending downward, unrelenting economic uncertainty, and rising construction costs are contributing to this plunge. The majority of the rooms under development are in the Southern US states, most in secondary and tertiary markets. JD Power's 2025 Hotel Guest Satisfaction Index was released for North America. The top spot by segments included Ritz-Carlton for Luxury; Omni Hotels & Resorts for Upper-Upscale; Drury Hotels for Upscale; Hyatt House for Upscale Extended Stay for a fourth consecutive year; Hampton by Hilton in Upper Midscale; Home2 Suites by Hilton for a third consecutive year in Upper Midscale/Midscale Extended Stay; Tru by Hilton for a third consecutive year in Midscale; Microtel by Wyndham for a third consecutive year in Economy; and in Economy Extended Stay, WoodSpring Suites was named at the top for the third consecutive year. Portman Holdings revealed that a new Marriott convention center hotel will be built in Cincinnati, just south of the Duke Energy Convention Center, expected to be one of the largest and highest-profile hotel developments in the region. The Marriott will open in 2028 with 700 rooms, more than 62,000 square feet of meeting space and a 17,445 square foot events terrace with group, business, and recreational travelers in focus. The convention district is undergoing a $828 million project, including $264 million to renovate the Duke Energy Convention Center, with the Marriott to be attached by a sky bridge. The REMI, Scottsdale, Autograph Collection will open on July 22nd in the heart of Scottsdale, AZ's Hospitality District. The boutique-style hotel will be operated by Crescent Hotels & Resorts and will include five dining destinations curated by Alliance Hospitality Group. TownePlace Suites by Marriott announced the grand opening of TownePlace Suites Bozeman West, a newly constructed 107-suite extended stay hotel located just outside Bozeman, Montana. The hotel is co-owned by Braxton Development and includes a bar and restaurant. Construction took 18 months. 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Coury Hospitality said they assumed the management of Plunge Beach Resort in Lauderdale-by-the-Sea, Florida, on July 1, followed by Residence Inn Alexandria Old Town South at Carlyle in Alexandria, VA on July 8th. Plunge Beach is a 163-room oceanfront boutique property, while the Residence Inn Alexandria is a 181-suite extended stay hotel. After many delays, New York's Waldorf Astoria is supposed to finally open in August. The renovation lasted nearly eight years and cost $2 billion. Hilton retains a long-term lease on the hotel. When it closed for renovation, it had 1,400 rooms with 372 private residences. It is now said to be a 375-room hotel and has 372 residences. The rooms and suites are expected to be some of the largest in Manhattan. The hotel's 43,000 square feet of meeting and event spaces will return on September 1. Hilton announced the signing of Spark by Hilton Ponce, marking the debut of the premium economy Spark brand in the Caribbean and Latin America. The 120-room hotel is expected to open in late 2025, owned by Ponce Resorts Inc. It will be managed by HI Development P.R. Corp. Azul Hospitality announced the addition of the Hilton Garden Inn Colorado Springs Downtown to its portfolio. The 168-room hotel is located in the heart of Colorado Springs' downtown with amenities including an indoor pool, fitness center, and almost 5,000 square feet of meeting space, along with a rooftop bar that will open in the fall. HHM Hotels announced its 25th managed hotel in Florida, the 126-key Homewood Suites by Hilton Tampa-Brandon. Dreamscape Hospitality announced it assumed management of three premium-branded hotels in Houston, Texas. The newly added properties include the Hilton Garden Inn Houston/The Woodlands; Homewood Suites by Hilton Houston NW at Beltway 8; and the Hyatt Place Houston/The Woodlands. The hotels are owned by New Horizons Hospitality. Separately, Dreamscape also announced it will assume management of Ambros Daytona, a boutique oceanfront retreat in Daytona Beach, FL. Hyatt Regency Times Square has opened, the first Hyatt Regency hotel in Manhattan. The property is owned by Argent Ventures and is managed by Highgate. The 795-room hotel includes an exclusive Mamma Mia!-themed guestroom. The show returns to Broadway on August 2nd. The newly reimagined Hyatt Regency Times Square noted that they have one of the largest hotel fitness centers in Manhattan. Frontier Development & Hospitality Group LLC, in partnership with Basis Investment Group, announced the opening of the Hyatt House Washington DC Downtown Convention Center. The 184-room hotel is located steps from the Walter E. Washington Convention Center. The hotel is operated and managed by Donohoe Hospitality Services. Later this fall, the hotel will unveil an all-weather rooftop bar and lounge. Aimbridge Hospitality has been selected to manage a new addition to Nashville's skyline. The 600-foot tower was developed by DAC Developments and will feature 53 floors, 400 guest rooms, 100 luxury residences and 30,000 square feet of meeting space. The full-service hotel will open at 319 Peabody in 2026 and will include a rooftop pool, multiple dining and retail outlets and more. Pendry Hotels & Resorts, in partnership with SomeraRoad and Trestle Studio, has officially broken ground on the Pendry Nashville and Pendry Residences Nashville. Slated to open in 2027 in the Paseo South Gulch district, the hotel will feature 180 rooms and suites along with 146 Pendry Residences. Sales for the Residences are expected to launch this fall. Additional partners of Pendry Nashville include JE Dunn Capital Partners and Clark Construction. Extended Stay America announced the opening of the Extended Stay America Select Suites Wildwood - The Villages. The hotel is located in Wildwood, FL, and was developed by Southern Hospitality. The 124-room property is the first to feature the Select Suites' new construction prototype. The Cambria Hotel Templeton-Paso Robles, franchised by Choice Hotels International, announced its grand opening in California's Central Coast. The Filipponi family locally owns the property in partnership with the principals of Pacific Templeton. The 132-room boutique-style hotel, which soft-opened in late June, is now officially open to the public. Pacifica Hotels manages the property. Ensemble Investments, LLC announced the completion of the $15 million-plus renovation and repositioning of the former Vintners Resort into Vinarosa Resort & Spa, a new hospitality offering in Sonoma County, CA's Russian River Valley. The 92-acre working vineyard property has been fully reimagined with a new vision, introducing elevated guest accommodations, a redefined arrival and lobby experience, enhanced culinary and wellness offerings, and more. Ensemble acquired the property in May 2023 in partnership with the Jackson family. JLL's Hotels & Hospitality Group announced the $5.6 million sale of the Grand Eastonian Hotel & Suites, a historic 50-room hotel located in downtown Easton, PA, in the Lehigh Valley. JLL represented Nature Nurture Founding, a 501(c)(3) nonprofit, which sold the property to CanalHouse Hospitality Enterprises LLC. JLL also announced its Hotels & Hospitality Group sold the Clarion Hotel Airport, a 149-room hotel in Portland, Maine. JLL represented the seller in the transaction. Jamsan Hotel Management will manage the hotel for the new ownership group. Hunter Hotel Advisors announced the sale of the 133-key SpringHill Suites Baltimore BWI Airport. A local investor acquired the property in a court-appointed receiver sale on June 24, 2025. The hotel was renovated in 2015. Hunter Hotel Advisors also announced the sale of the 139-key Hampton Inn & Suites El Paso-Airport. Nexgen Management purchased the property from an institutional seller on June 25, 2025. Finally, Hunter announced the sale of the 124-key Hyatt Place Miami Airport-West/Doral. Baywood Hotels purchased the property on June 26th for an undisclosed amount. HREC Investment Advisors announced it arranged the sale of the 126-guestroom Homewood Suites Tampa Brandon. An institutional buyer acquired the property. HREC exclusively represented the seller in the transaction. Alchemy Real Estate Advisors announced the sale and closing of the 100-room La Quinta Inn & Suites in Portland, Maine. Alchemy said they represented an institutional seller in the transaction with a private investor buying the hotel, sold through a competitive, traditional marketing process that generated multiple offers. White Lodging announced it expects to top out the 258-room Trinity Hotel, Autograph Collection hotel in Austin, Texas, by the end of the year, with a projected opening before the end of 2026. White Lodging owns or operates 12 other hotels and more than 220,000 square feet of meeting space in the Austin metro area. Personnel News Marriott International announced that Leeny Oberg will retire from the company on March 31, 2026, after 26 years with the company. Oberg is currently Chief Financial Officer and Executive Vice President, Development with MAR. Jen Mason, a 33-year MAR veteran, will assume the role of Executive Vice President and CFO when Oberg steps down. Mason is currently Global Officer, Treasurer, and Risk Management, and previously held the role of CFO of MAR's largest segment, US & Canada. MAR also said Shawn Hill will be Executive Vice President and Chief Development Officer, effective January 1, 2026. Hill has been with MAR for nearly 28 years and is currently the Chief Development Officer for MAR's Asia Pacific Excluding China region. White Lodging announced the hiring of Noah Hoppe as Executive Vice President and Chief Financial Officer and Jared Garner as Executive Vice President and Chief Legal Officer. Bruce Hoffmann, currently EVP and CFO, will transition to an Emeritus role to ensure an orderly transition over the next year. Hoppe joins White Lodging after spending nearly two decades with Hyatt Hotels, most recently SVP of Transactions. Garner joins White Lodging from Concord Hospitality, where he is the immediate-past General Counsel and Chief Compliance Officer. He was previously VP, Legal for Radisson Hotel Group. Remington Hospitality announced the return of Lisa Carlson as Senior Vice President of Operations. Carlson originally joined Remington in 2022 as part of the company's merger with Chesapeake Hospitality.
