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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

Johnny Rockets to roll out 4 new restaurant concepts
posted on Sep 19 14

Retro burger chain Johnny Rockets will create four different concepts under the new Johnny Rockets Route 66 brand, including a drive-in movie concession in partnership with film distributor USA Drive-Ins. A drive-thru footprint, a food truck and a dinner-and-a-movie pop-up concept are also in the works, the company said. Read the BurgerBusiness.com story here

Posted by: davidc@ccr-mag.com
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Latin America drawing major hotel brands
posted on Sep 19 14

Hotel firms including Wyndham Hotel Group, Hyatt Hotels, La Quinta Holdings and Starwood Hotels & Resorts Worldwide are planning to expand in Latin America, drawn by the region’s economic growth and the accompanying rise in travel demand. Wyndham Hotels and Resorts last year opened its first hotels in Peru, Ecuador and Colombia and hopes to open its first Nicaraguan property next year. Hyatt Hotels is developing 10 properties in Mexico and Central America through a master development agreement with LATAM Hotel Corp. Read the Hotel Management online story here

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Saks to open first Canada stores in 2016
posted on Sep 18 14

Parent Hudson’s Bay will open its first two Saks Fifth Avenue stores in Canada in the spring of 2016, and it will debut its Off 5th outlet chain there at the same time. Hudson plans to pursue Toronto but not Ottawa or Quebec City, which it does not view as “major luxury markets.” Read The Globe and Mail story here

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Starwood Hotels eyes Africa as expansion target
posted on Sep 18 14

Starwood Hotels & Resorts Worldwide plans to expand in Africa and hopes to open as many as 20 hotels there by 2018. Starwood executives said most of the new hotels would be in the high-end category and that five of those properties would be in Nigeria. Economic growth in several African countries has driven travel demand and has attracted major hotel firms to the continent. Read the Bloomberg Businessweek story here

Posted by: davidc@ccr-mag.com
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New Stein Mart stores mark biggest expansion in a decade
posted on Sep 17 14

Stein Mart will open six new stores and relocate four others, as part of an expansion plan that will add more than 188,000 square feet of new retail space at the discount chain. The expansion will be the retailer’s largest in almost 10 years, and it will boost Stein Mart’s store total to more than 270. Read The Wall Street Journal Plots & Ploys blog here

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