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Crestpoint Companies’ president and CEO Kal Patel shows us what’s on tap for the hospitality development, management and investment firm in 2014 and beyond.

Today in the news

Burger King negotiating Canadian takeover, relocation
posted on Aug 26 14

Burger King Worldwide is in talks to buy Canadian coffee and doughnut chain Tim Hortons and move the U.S. company’s headquarters to Canada, where its tax rate would be lower. The combined entities would have more than 18,000 eateries in 100 countries and $22 billion in sales. Read the Bloomberg story here

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Hilton Hotels & Resorts debuts in Panama
posted on Aug 26 14

Continuing its expansion across Latin America, Hilton Worldwide has opened Panama’s first Hilton Hotels & Resorts brand hotel, the newly-built Hilton Panama. Read the SuccessfulMeetings.com story here

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Hardee’s, Carl’s Jr. parent hits 3,500 restaurant mark
posted on Aug 25 14

The opening of a Hardee’s in Marassi, Egypt, and a Carl’s Jr. in Conroe, Texas, mark major milestones for CKE Restaurants Holdings Inc. Opened in late July, the Marassi Hardee’s is CKE’s 3500th restaurant worldwide. It is owned by franchisee Kuwait Food Company, which owns another 274 Hardee’s in the region. Read the QSRWeb.com story here

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Indie burger restaurants driving growth
posted on Aug 25 14

Independent burger eateries are fueling continued growth of the limited-service burger industry segment, according to NPD Group. Independents now command 12.1 percent of the burger market, up from 11.5 percent in 2013, and indies added 354 net new units last year compared to 114 new chain locations. Read the BurgerBusiness.com story here

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Luxury hotel transfers up 57% in first half of 2014
posted on Aug 25 14

Hotel selling prices are at a record high in several sectors including luxury and upscale facilities, with selling prices per room year-over-year rising 28 percent in the first half of 2014. In the luxury and upscale chain sector, transfers for the period were up 57 percent and transfers of hotels in resort locations grew by 39 percent. Read the Hotel Management story here

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