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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

Burger King confirms $11B Tim Hortons buyout plan
posted on Aug 28 14

Burger King‘s $11 billion deal to acquire Canadian coffee-and-doughnut chain Tim Hortons has more to do with global growth than with trimming the tax bill. The inversion deal would move the company’s headquarters to Canada for tax purposes but continue to operate largely from the United States. Read The Oregonian/The Associated Press

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Florida leads U.S. in retail construction
posted on Aug 28 14

Miami is leading Florida’s statewide retail development, as major projects from Taubman Centers and Swire Properties are in the works. CBRE predicts that rental rates in Miami will increase by 37 percent in the next five years, with markets such as West Palm Beach seeing 16 percent growth. Florida was home to more than 29 percent of all new retail development in the U.S. this quarter, said JLL. Markets across Florida are largely benefiting from lower unemployment rates, a housing resurgence, strong tourism and population growth, and a 6 percent increase in consumer spending in the first quarter. Read the SCT Newswire story here

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DDG’S Bintaro Jaya XChange opens in Jakarta
posted on Aug 28 14

Bintaro Jaya Xchange – a project by U.S.-based design, planning, architecture, interiors, and graphics firm DDG – recently opened in Jakarta, India. DDG created a sustainable, eco-friendly city center lined with outdoor cafes and restaurants, performance stages, water features, shops, and expansive open-air parks and gathering spaces. Smaller pathways branch off to other areas of the project, including the waterfront, hotel and convention center, outdoor extreme sports arena and open-air concert venue, business center, and residential components. Bintaro is one of several projects in and around Jakarta designed by DDG.

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Thompson brand to debut in Nashville, Tenn.
posted on Aug 27 14

Nashville, Tenn., is slated to have its first Thompson hotel with the planned opening of the Thompson Nashville in 2016. Plans call for a 224-room property with a rooftop bar and a ground-floor restaurant. Read the Travel Weekly story here

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M&M’S® World opens first store in Asia in Shanghai
posted on Aug 27 14

The first M&M’S World store in Asia celebrated its official opening in Shanghai in the Brilliance Shimao International Plaza on East Nanjing Road. Global retail and brand consultancy FITCH worked on the store’s conceptual design through to final construction. Inspired by Chinese culture, heritage and modern architecture, the M&M’S® World Shanghai store reflects the popularity of the M&M’S brand and provides shoppers with a colorful experience where they can explore, discover and be entertained. Visible from the plaza outside, the “Lantern Garden” features numerous hanging lanterns that illuminate and change colors as visitors step on the platform. Offering a wide range of M&M’S® chocolate candies and merchandise, the store is located on one of the world’s busiest shopping streets in on East Nanjing Road.

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