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Today in the news

New hotel planned for Music Row in Nashville, Tennessee
posted on Jan 20 21

The Music Row site once home to the iconic United Artists Tower and long eyed for a hotel and then an apartment building will now, and finally, be developed with a hotel. Read the Nashville Post story here

Posted by: Mike Pallerino
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Starbucks plans $100M Community Resilience Fund
posted on Jan 20 21

Starbucks will create a $100 million fund to back small businesses and community development efforts in 12 US cities with large populations of Black people, Indigenous people and other people of color, the company announced today. The Community Resilience Fund is the latest move in the company’s ongoing efforts to promote racial and social equity. Read the CNBC story here

Posted by: Mike Pallerino
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BK’s biggest franchisee outlines growth strategy
posted on Jan 20 21

Major Burger King franchisee Carrols Restaurant Group is shifting back into acquisition mode after hitting pause for much of 2020. Carrols’ portfolio has grown to include 1,000 Burger King units and 65 Popeyes restaurants, largely through acquisitions, and in the future it expects to expand through a combination of acquisitions and organic growth. Read the Restaurant Business online story here

Posted by: Mike Pallerino
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Caesars’ Silver Legacy in Reno to undergo $47M upgrade
posted on Jan 20 21

Caesars Entertainment Inc. is spending $47 million to upgrade its showcase downtown Reno resort property, the Silver Legacy. Read the Las Vegas Review-Journal story here

Posted by: Mike Pallerino
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Margaritaville Resort in Mississippi unveils reopening date
posted on Jan 19 21

The reopening of Margaritaville Resort Biloxi in Mississippi has been set for March 10. The resort, which has undergone renovations after closing since October due to Hurricane Zeta, will also proceed with the second phase of its expansion project, which includes a new parking garage and an amusement park. Read the WLOX-TV story here

Posted by: Mike Pallerino
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