Category Archives: News

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

Checkers to grow by 60 eateries in N.J.

Checkers Drive-In plans to add 60 new double-drive-thru restaurants in New Jersey, where it currently operates 13 units. Checkers and its sibling chain, Rally’s, have upward of 800 locations around the country. Read the NJ Advance Media story here

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Pairing hotels with retail centers becoming more desirable

During the International Council of Shopping Centers‘ RECon convention, panelists discussed the value of pairing hotels with retail centers in mixed-use projects. Hotels benefit by providing their guests with more amenities, while retail centers gain foot traffic. Read the Forbes …

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Hotel funds launch as deals stack up

Deal pace in the hotel sector was very robust for the first four months of this year, with transaction volumes 93% higher than the same period last year, surpassing 11.9 billion, according to preliminary figures from JLL. TRead the CoStar …

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Accor seeks growth in Central America, Caribbean markets

AccorHotels sees opportunity in Central America, Mexico and the Caribbean. Read the Hotel News Now story here

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Fauchon plans first opening in 20-hotel portfolio

In September, the Fauchon food group says it will open its first hotel, in Paris, the start of what will be a 20-property portfolio. Read the Reuters story here

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Manhattan’s Biltmore Hotel to become tech incubator

Manhattan’s old Biltmore Hotel, where people once met each other “under the clock,” is being reconfigured as a tech incubator across from Grand Central Terminal — or at least that’s the ambition. The building, at 335 Madison Ave., will be a …

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IKEA steps up green goals

IKEA has set ambitious new sustainability goals to combat climate change, including making its products from recycled and renewable materials and reducing greenhouse gasses by more than what its operations emit by 2030. The retailer will stop selling all single-use …

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IHOP maps growth plan for urban areas

IHOP is planning to expand in Chicago and other cities to cater to its growing millennial and Gen Z fan base. The chain has also invested in technology to appeal to younger consumers, including a mobile ordering app that launched …

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US economic recovery bodes well for hotel sector

Demand is expected to exceed hotel supply in the US through 2018, according to PricewaterhouseCoopers. Economic growth for the US economy should hit 4% in the second quarter, according to the Atlanta Federal Reserve. Read the Nasdaq story here

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High Bluff Capital acquires Quiznos

California-based private-equity firm High Bluff Capital Partners has acquired Denver-based sandwich chain Quiznos for an undisclosed amount. Quiznos has about 800 units, including the original restaurant in Denver, and the new owner said it has no plans to move the …

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