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How Plamondon Hospitality Partners’ second generation is leading the charge.

CCR May/June 2018 digital issue sponsored by Laticrete.

Today in the news

Walmart plans hybrid Sam’s Club in Dallas area
posted on Jun 22 18

Walmart plans to open a smaller, high-tech version of Sam’s Club as a test store in a 32,000-square-foot location in the Dallas area that formerly held a Neighborhood Market. The store will be convenience-focused and offer Scan and Go technology. Read The Dallas Morning News story here

Posted by: Mike Pallerino
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ALDI, Big Lots, Ashley to buy some Toys R Us store spaces
posted on Jun 22 18

ALDI, Ashley Furniture and Big Lots were among the bidders to snap up some of the Toys R Us store spaces in the latest round of auctions, court documents show. The toy retailer’s liquidation will leave upwards of 800 U.S. stores vacant. Read the CNBC story here

Posted by: Mike Pallerino
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Nomad brand considering London market
posted on Jun 22 18

Nomad Hotel is reportedly eyeing a London location. The brand has properties in New York and Los Angeles with a third hotel under development in Las Vegas. Read the Eater/London story here

Posted by: Mike Pallerino
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Study cites increase in hotel sales activity
posted on Jun 22 18

U.S. hotel transactions over the first four months of 2018 rose 93% over last year to $11.9 billion in volume, according to JLL. An improving economy, favorable employment trends and investor confidence that demand will continue to outpace supply are factors. Read the GlobeSt story here

Posted by: Mike Pallerino
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Dick’s Wings owner to acquire Tilted Kilt
posted on Jun 21 18

Dick’s Wings & Grill parent ARC Group is pursuing an acquisition of the Tilted Kilt Pub and Eatery and it expects to close the deal in the next few months. Phoenix-based Tilted Kilt has 47 units, 45 of which are franchises. Read the Nation’s Restaurant News story here

Posted by: Mike Pallerino
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