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Boutique hotels’ performance drives development pipeline
posted on Jan 23 19

Data from STR and CBRE HotelsAmericas Research show that boutique properties outperform the broader hotel market when it comes to occupancy, average daily rate and revenue per available room. This performance has attracted developers to the boutique segment. Read the Hotel News Now story here

Posted by: Mike Pallerino
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Del Taco to sell 60 or more units in refranchising plan
posted on Jan 23 19

Del Taco will sell at least 60 of its 310 company-owned units to franchisees as part of a plan to cut the number of restaurants owned from 55% to 45% by mid-2020, the company said. Between company stores and franchises, Del Taco has 580 restaurants in the United States. Read the QSR story here

Posted by: Mike Pallerino
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Wienerschnitzel courts franchisees with lower fees
posted on Jan 23 19

California-based hot dog chain Wienerschnitzel has launched a franchise incentive program that will cut one-time franchise fees from $32,000 to $5,000 for the first 20 investors who sign on and start construction within 18 months. The deal includes a three-year reduction in royalty fees from 5% to 1%. Read the Nation’s Restaurant News story here

Posted by: Mike Pallerino
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ACOG: Construction costs down in December; materials and service prices up
posted on Jan 23 19

After a year marked by numerous price spikes, construction costs declined in December but remained elevated compared to year-earlier prices, while prices of new buildings also moved higher, according to an analysis by the Associated General Contractors of America of recent¬†Labor Department data. Association officials noted that the cost of many construction projects is increasing as firms cope with labor shortages and increased costs for many of the materials they need for projects.¬† (more…)

Posted by: Mike Pallerino
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Domino’s outlines long-term growth plans
posted on Jan 22 19

Domino’s Pizza plans to add 9,700 more units by 2025, an increase of about 60% over its current roster of 15,300 global locations. The chain will continue its tech innovation and focus the bulk of its growth on international markets. Read the Nation’s Restaurant News (free registration)

Posted by: Mike Pallerino
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