Author Archives: imac

Analysts expect solid travel growth

The hotel and airline industries should experience solid gains for the rest of the year despite lingering worries over the European economy and the upcoming U.S. presidential election, analysts say. Observers point to steady growth in business- and leisure-travel demand …

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Del Frisco’s aims to raise about $100m in IPO

San Francisco-based steakhouse chain Del Frisco’s expects to sell 7 million shares priced at between $14 and $16 in an initial public offering. The company, which filed IPO papers in 2007 but withdrew the following year, is one of several …

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Smashburger opens 1st of 60 LA area eateries

Smashburger has brought its brand of so-called better burgers to Thousand Oaks, the first of as many as 60 outlets it plans to open in the Los Angeles area in the next seven years. Read LA Times story here.

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Darden to buy Yard House chain

Darden Restaurants will pay $585 million in cash to acquire the 39-unit Yard House USA chain, and operate the acquisition through its Specialty Restaurant Group along with higher-end concepts including Capital Grille and Seasons 52. Yard House, which opened its …

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Louvre Hotels ramps up global growth

Louvre Hotels Group plans to expand its global portfolio to 1,100 hotels by the end of 2012. The company is eyeing emerging markets such as Brazil, China and India for growth and is pushing its Golden Tulip brand as its …

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Denny’s to open 50 units in China by 2027

Denny’s plans to open 50 new restaurants in southern China over the next 15 years. The company has inked an agreement with Great China International Group to open the restaurants. The Chinese company has exclusive rights to open units in …

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Old Navy to open 1st store outside North America

Old Navy will open a 10,000-square-foot store in Japan, its first brick-and-mortar foray outside North America. Rather than locate on a tony shopping street, Old Navy is setting up shop in a new mall on Odaiba island in Tokyo Bay, …

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Rally’s unveils remodeled stores in U.S.

Rally’s Restaurants, in the middle of a remodeling effort to appeal to a broader customer base, is unveiling its new design in select markets throughout the country. The new look includes stainless steel accents over both drive-thru lanes, a black …

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Pret A Manger continues Manhattan growth

RKF, the exclusive retail leasing agent in Manhattan for Pret A Manger, has arranged long-term leases for the sandwich on Eighth Ave. in Midtown West, and at the northwest corner of 12th Street in Union Square. With the new stores, …

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Starwood opens first Sheraton in Jiaozhou, China

Starwood Hotels & Resorts is continuing its aggressive expansion plan in the Chinese market with the launch of the Sheraton Jiaozhou Hotel in Jiaozhou, China. The 270-room property represents its first Sheraton hotel and the first managed property in the …

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