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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

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

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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

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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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NorthStar Realty venture is buying 52 hotels in $1.1B deal
posted on Sep 30 14

A NorthStar Realty Finance-Chatham Lodging Trust joint venture is acquiring a $1.1 billion hotel portfolio from Inland American Real Estate Trust. NorthStar is the majority partner in the joint venture with a 90 percent stake. The portfolio includes 52 extended stay and select service hotels in 21 states. The primary flags in the portfolio are Marriott and Hilton. Read the GlobeSt.com story here

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Boot Barn kicks up national expansion
posted on Sep 29 14

Western wear retailer Boot Barn has grown from 87 stores, mostly in the West, to 158 in 24 states since it was acquired by investment firm Freeman & Spogli three years ago. Since then, the retailer acquired two smaller chains, and it has opened six new stores in 2014. Read the Retailing Today story here

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