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Lu F. Sacharski, director of project management for Chatham Lodging Trust, gives us an inside look at the company’s new build strategy.
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Italian restaurant chain Fazoli’s will debut a new fast-casual concept that lets customers customize one of three options — a piada sandwich, a pasta bowl or a salad bowl — with proteins, sauces and toppings. The concept’s name has yet to be finalized, he said, but the chain hopes to open its first location by the end of the year and plans to grow through franchising. Read the QSRMagazine.com story here.
Food Lion’s typical 35,000-square-foot stores are smaller than those of rivals Wal-Mart, Target and ShopRite, and the chain isn’t the first choice for shoppers looking for the lowest prices, according to a Prosper Insights & Analytics survey. The retailer, owned by Brussels-based Delhaize, is widening store aisles, lowering prices on about 6,000 items, upgrading 178 stores in five states and investing in about 800 new employees to boost service levels in its effort to compete. Read The News Journal story here.
STR and Tourism Economics recently hosted a Market Forecast & Hotel Industry Outlook Webinar, during which they predicted that economic conditions will support the continued growth of the lodging industry. Average daily rate grew 4.5 percent in the first quarter, driving revenue per available room to an increase of 6.4 percent. Read the HotelNewsNow.com story here.
Some industry observers and hospitality leaders say investment opportunities are plenty in today’s hotel environment, thanks to strong performance metrics and limited supply growth over the past few years. Read the GlobeSt.com story here.
Choice Hotels International plans to put forward $40 million in corporate money to help finance property-improvement plans by its hotels under the Comfort Inn and Comfort Suites brands, according to Hotel Management.
August 8th – 11th, 2013 in Washington, D.C.at the Monaco Hotel
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Sept 26-29, 2013 Commercial Retreat at The Hotel Palomar in Phoenix
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2014 Summit will be held at The Grand Hyatt February 17th-19th in Tampa, FL
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Kevin Sorensen, construction & facilities manager, and Rick Connors, director of construction, show us how Famous Daves’ new casual dining, counter serve mix is ringing in the sales.
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