Michel's in Soho
Priorywood Holdings, the restaurant group that narrowly failed to acquire the Muswell's chain last year, is to open a Michel's brasserie and bar in central London, the seventh in the chain.
The new outlet on Soho's Wardour Street will be the first to include a large bar area which, together with the brasserie, will seat 120. It is hoped that about 2,000 people a week will be served at the outlet after its opening early next month.
The average spend, as at the other outlets in the chain, will be about £15. There are outlets in Cambridge, Bristol, Oxford, Reading and in Chiswick and Kensington, west London.
Inn Zanzibar
The Aga Khan is to develop a 52-bedroom hotel on the island of Zanzibar, off the coast of Tanzania. Named the Zanzibar Serena Inn, it is expected to open in late 1996.
The $6.75m (£4.36m) venture will complement the Aga Khan's $32m (£21m) project for three Serena safari lodges and a luxury tented camp in northern Tanzania, currently under construction. He also operates five Serena lodges and hotels in Kenya.
Japanese credit
Hoteliers and restaurateurs can now accept Japanese JCB payment cards as a result of a link between Barclays Merchant Services and the Japanese card company.
The arrangement means retailers now only have to deal with one payment company. About £360m was spent by 568,000 Japanese visitors to the UK last year. One in five Japanese people holds a JCB card.