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Today in the news

Papa Murphy’s moves to mostly franchise units
posted on May 21 18

Papa Murphy’s closed 62 locations last year, and franchisees are expected to open only 10 this year, in a temporary slowdown as part of a plan to shift to at least 95% franchised units. The take-and-bake pizza chain will also expand its online ordering business and evaluate store design and layout. Read the QSR story here

Posted by: Mike Pallerino
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Accor strengthens position in South America with acquisitions
posted on May 21 18

AccorHotels is buying a company that manages 11 Atton Hotels properties for about $105 million in addition to 20% ownership of the hotels themselves. Read the Reuters story here

Posted by: Mike Pallerino
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Campus-area hotels make for smart investments
posted on May 21 18

Hotel developers are gravitating more to college towns as sources of brisk business that are less affected than other markets by fluctuations in the overall economy. Some companies, such as Graduate Hotels and Study Hotels, have emerged specifically to fill the niche. Read the Hotel Management online story here

Posted by: Mike Pallerino
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Amazon Go stores are headed to Chicago, San Francisco
posted on May 21 18

Branching out from its debut store in Seattle, Amazon is taking its checkout-free Go stores to Chicago and San Francisco. To shop in a Go store, the customer must download the Amazon Go app on their smartphone and select a mobile payment method. Read the USA Today story here

Posted by: Mike Pallerino
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Kona Grill plans franchise growth in the US, China
posted on May 18 18

Kona Grill will begin franchising in the United States and in China with the Chinese Plateno Hotel Group, which invested $5.6 million in Kona Grill shares. Kona Grill operates 46 U.S. restaurants and has three international franchise locations. Read the Nation’s Restaurant News story here

Posted by: Mike Pallerino
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