Author Archives: Mike Pallerino

Is it time to revamp your restaurant marketing strategy?

One of the most challenging businesses out there is running your own restaurant. Not only do you need to keep attracting new customers and keep your old ones hanging around, but you also need to keep an eye on the …

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Ascend Hospitality buys 5 Stanford’s units from Landry’s

Bellevue, Wash.-based Ascend Hospitality Group has acquired five Stanford‘s restaurants from Landry’s, which bought the units as part of its acquisition of Restaurants Unlimited. The new owner will renovate the restaurants and introduce regional menu items and decor elements. Read …

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Boston’s Back Bay to host North America’s first Raffles hotel

The world’s 15th Raffles hotel—and the first in North America—is coming to Boston in 2022 as the former Boston Common Hotel in Back Bay is razed and rebuilt into a 33-story tower with 147 guest rooms and a similar number …

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Latest in Hilton Conrad series makes Manhattan debut

Hilton’s luxury brand Conrad Hotels & Resorts has opened Conrad New York Midtown, a 562-key hotel in the heart of Manhattan. Designed by Stonehill Taylor, the development marks the brand’s second New York City property and follows the opening of …

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Survey: Construction employment up

Construction employment grew in 252 out of 358 metro areas between August 2018 and August 2019, declined in 60 and was unchanged in 46, according to a new analysis of federal employment data by the Associated General Contractors of America. …

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Report: U.S. leads world in hotel projects

The U.S. leads the world in the number of hotel projects in preparation or starting construction with 5,656, accounting for 40% of the global total, according to a report by Lodging Econometrics. U.S. cities with the most projects are New …

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Bed Bath & Beyond plans to shutter 60 stores

Bed Bath & Beyond will shutter 40 namesake stores and 20 additional locations from its other banners by the end of the current fiscal year. The closures will allow the company to boost profitability and get the most out of …

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Study: 1 in 4 malls expected to close by 2022

Online shopping has hit malls particularly hard, with retailers announcing 8,558 store closures this year, according to Coresight Research. Studies have estimated that one in four malls is likely to close by 2022 if they don’t adapt to changing demands. …

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The strategy behind Cheesecake Factory’s Fox acquisition

The Cheesecake Factory has completed its purchase of Fox Restaurant Concepts. The deal calls for the companies to remain separate entities, with Fox innovating new concepts and Cheesecake Factory taking over and scaling the ventures with the best potential for …

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Dick’s to sell 8 Field & Stream locations

Dick’s Sporting Goods will sell eight of its 35 Field & Stream stores to Sportsman’s Warehouse Holdings, in a deal valued at $28 million, the companies said. The sale is part of a larger review of the retailer’s hunting business, …

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