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A franchisee of Minnesota-based casual dining chain Famous Dave’s of America has launched a fast-casual version of the concept in Tucson, Arizona. The smaller format could make sense on a larger scale as demand for off-premises dining grows. Read the Nation’s Restaurant News story here
Banana Republic will open a store at the Shops at Town & Country in Phoenix this fall, returning to a market it left two years ago with the closing of a nearby mall-based store. Banana Republic parent Gap has been shuttering mall stores and opening new locations in more highly trafficked areas. Read The Business Journals story here
Apple has narrowed the site search for its first India store to several spots in Mumbai, sources say. The high-end locations are reportedly on par with Apple store sites in Paris, London and New York City. Read the Bloomberg story here
Some 21 hotels are in the 2019 development pipeline for Nashville, Tenn. In the next two years, 14,000 rooms are being added to the city’s inventory, Including a 236-key Four Seasons. Read the WSMV-TV story here
Lands’ End has shrunk its presence inside Sears stores from 174 shops at the beginning of 2018 to 40 locations today, and it’s in the process of closing those as it ends its partnership with the department store. Lands’ End is focusing on opening new standalone locations, like one in Chicago’s Oakbrook Center, near a Sears store that’s slated to close in the coming weeks. Read the Chicago Tribune story here
Park Hotels & Resorts is acquiring Chesapeake Lodging Trust for $1.88 billion in a cash-and-stock transaction. The deal’s total value is about $2.76 billion, and the combined company, once the acquisition closes, will have an enterprise value of $12 billion. Read the Globe Street story here
Office Depot will close three stores in South Florida on May 18, the latest contraction at a major employer where sales have plummeted, the future remains uncertain and embarrassing controversies have multiplied. Read the Sun-Sentinel story here
The 106-key Siren Hotel is part of a wave of hotels opening in downtown Detroit. The city is seeing rising economic activity and tourist numbers. Read the REJournals story here
Daily reporting app and field management solution make Raken has named technology industry growth expert Dave Berman, the former president of video collaboration platform ZOOM, to its Board of Directors. Berman has more than 25 years of experience in sales, marketing and support in the software technology industry.