The January 2018 Summit location and date will be announced in the CCR March/April 2017 issue.
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Cracker Barrel will enter the California market with the opening of a restaurant along the 15 Freeway in Victorville, in an area dubbed restaurant row. The Southern cooking chain operates 641 of its combined restaurants and gift shops in 43 states. Read the Inland Valley Daily Bulletin story here
Wendy’s will add 1,000 new restaurants in the next three years, with a flexible new design that will fit into smaller spaces. The chain will seek out nontraditional spaces outside of its typical suburban locations. Read the Nation’s Restaurant News story here
Payless Inc. is in talks with its lenders over a restructuring plan that includes closing about 1,000 stores as it wrestles with an unsustainable debt load, according to people with knowledge of the matter. Read the Bloomberg story here
Smaller hotel brand owners and operators are flexing their balance sheets to support rooms system growth to stay relevant amid industry consolidation and increasing competition from alternative accommodation providers, according to Fitch Ratings. (more…)