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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
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
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