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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

Wolfgang Puck opens first Wolfgang Puck Express
posted on Oct 02 14

When Wolfgang Puck opened his first Wolfgang Puck Express in San Francisco’s Union Square Macy’s in 1991, the James Beard Award–winning chef redefined what guests could expect from a quick, takeout meal. Now, with the rollout of three new fast-casual concepts, Puck, who many consider a fast-casual pioneer—and the first high-profile chef to dip his toes into limited service, is poised to again change how those on the go eat. Read the QSR Magazine story here

Posted by: davidc@ccr-mag.com
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U.S. hotels forecast to spend $6 billion on capital expenditures
posted on Oct 02 14

A study by Bjorn Hanson of the Preston Robert Tisch Center for Hospitality and Tourism at the NYU School of Professional Studies predicts that a record $6 billion will be spent this year by the U.S. lodging industry on capital expenditures, 7 percent higher than last year. Hanson said the spending increase is driven by hoteliers’ efforts to comply with brand standards and respond to consumer feedback on social media. Read HotelsMag.com story here

Posted by: davidc@ccr-mag.com
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Hampshire Hotel charts course for growth
posted on Oct 01 14

Hampshire Hotel Management has unveiled a bold vision for growth. Those include international expansion of the boutique Dream hotel brand, the creation of a new lifestyle brand and a shift in the Night hotel brand to appeal to upper-level economy guests. Read the HotelsMag.com story here

Posted by: davidc@ccr-mag.com
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Olive Garden to debut in the Windy City
posted on Oct 01 14

Olive Garden will open its first restaurant in Chicago, featuring its new logo and remodel design — and, of course, free salad and breadsticks. The 7,780-square-foot restaurant at 3555 West Addison Street, the first in the Chicago city limits, will be able to handle more than 240 diners. Read the Chicago Tribune story here

Posted by: davidc@ccr-mag.com
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Togo’s founder sells 13 restaurants back to the company
posted on Sep 30 14

Togo’s Eateries Inc. has acquired 13 franchised restaurants in the East Bay and San Jose, Calif., areas from company founder Mike Cobler. The acquisition brings Togo’s company-owned restaurants to 19 units in California. Read the FastCasual.com story here

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