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Today in the news

MOD Pizza ranks first in restaurant growth
posted on Apr 25 18

MOD Pizza was the fastest-growing US restaurant concept last year, according to an analysis by Kalinowski Equity Research. Blaze Pizza, Shake Shack, First Watch and Cooper’s Hawk rounded out the top five. Read the CNBC story here

Posted by: Mike Pallerino
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Accor plans to expand brand portfolio following AccorInvest sale
posted on Apr 25 18

AccorHotels will use part of the proceeds from the $5.4 billion sale of 55% of its AccorInvest business to pay for future acquisitions. The company could have 40 brands in its portfolio within the next five years. Read the Reuters story here

Posted by: Mike Pallerino
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Legoland California opens castle-themed hotel
posted on Apr 25 18

Legoland California in Carlsbad will open its second onsite hotel, the Castle Hotel, on Friday. Guests of the 250-room property will be greeted by a Lego wizard statue in the lobby, can eat at the Dragon’s Den restaurant and sleep in knight-, princess- or wizard-themed rooms. Read The San Diego Union-Tribune story here

Posted by: Mike Pallerino
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Edition property coming to Tampa, Fla.
posted on Apr 25 18

Edition Tampa rendering The Edition hotel brand created by hotelier Ian Schrager and Marriott International is coming to a major mixed-use development in downtown Tampa. Read The Real Deal magazine story here

Posted by: Mike Pallerino
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Fazoli’s shifts back into growth mode with turnaround plan
posted on Apr 24 18

Fazoli’s was struggling when Carl Howard took over as CEO a decade ago and he oversaw several years of downsizing. Now the 220-unit chain has launched a turnaround effort that includes restaurant remodels, menu improvements and mobile ordering, and it’s growing again with nine new eateries that opened last year and six more planned for 2018. Read the Nation’s Restaurant News story here

Posted by: Mike Pallerino
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