Category Archives: News

This is the category for the ‘recent news’ that feeds on the home page

Denny’s moves forward with refranchising plan

Denny’s came close to completing a refranchising program with the sale last year of 105 locations to franchisees, including a nine-unit deal that closed in the fourth quarter. The company’s 1,703 restaurants booked a 1.7% same-store sales increase in the …

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Hotel development pipeline remains robust

The hotel development pipeline remains strong, according to data from Marcus and Millichap. There are more than 1,500 hotels under construction scheduled to complete through 2023, and these projects are expected to account for 200,200 rooms. Read the National Real …

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Top South Korea chain chooses Seattle for 2nd US hotel

Korea’s largest hotel chain, Lotte Hotels & Resorts, said it plans to debut its second U.S. hotel—the Lotte Hotel Seattle—in June. Read the TravelPulse story here

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Franchisee files for Chapter 11 protection; Sonic to buy 73 units

Facing deepening cash-flow problems and faced with the potential closure of all of its restaurants, an operator of 73 Sonic Drive-In restaurants filed for federal bankruptcy protection. Read the Restaurant Business online story here

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Starbucks signs on with 2 new airport partners

Starbucks has announced licensing deals with airport concession companies Paradies Lagardere and OTG Management, after announcing the end of its exclusive deal with HMSHost last week. The deal will bring new Starbucks formats to airports around the country starting later …

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Harry Potter flagship store is coming to New York City

Muggles will have a new way to revisit the magical world of Harry Potter as Warner Bros. opens the first official Harry Potter flagship store near the Flatiron building in New York City this summer. The 20,000 square feet of …

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Hilton adds DC West End hotel to Tapestry portfolio

A Washington, DC, hotel now known as the “West End part of the Georgetown Collection” has been reflagged as part of Hilton Worldwide Holding‘s large-scale expansion of several brands. A spring debut is planned for the 76-room West End Washington …

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AC Hotels may come to Jacksonville Florida

AC Hotels by Marriott appears to be the hotel planned in St. Johns Town Center’s proposed fourth phase. Read The Daily Record story here

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Dunkin’ to grow NextGen store count to 1,400 in 2020

Dunkin‘ plans to increase the number of NextGen stores to 1,400 by the end of the year, up from 525 at the end of 2019. The company will invest $60 million in brewing equipment as it looks to add more …

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Yum Brands’ acquisition strategy centers on smaller brands

Yum Brands‘ $375 million acquisition of The Habit Burger Grill made sense as part of Yum’s strategy to acquire smaller brands with growth potential instead of buying a bigger player. Read the Restaurant Business online story here

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