Fazoli's Posts Record-Setting Sales Results in November and Signs Franchise Agreement in Alabama

Fazoli’s today announced the signing of a franchise agreement to develop a restaurant in Huntsville, Alabama. The news comes on the heels of another month of strong sales results for the brand’s franchise restaurants. The Lexington, Kentucky-based company reported a 5.1 percent same-store sales increase for its franchised locations in November.
Source: New feed

StepStone Hospitality Adds Two Midtown Manhattan Hotels to Portfolio

StepStone Hospitality today announced that it has added two Midtown Manhattan properties to its hotel management portfolio, the 132-room Gregory Hotel and the 173-room Renwick Hotel, which became part of Curio – A Collection by Hilton.
Source: New feed

NOVUM Hotel Group Announces New Hotel for Frankfurt

A hotel of the NOVUM Style Hotel brand with 352 rooms will be constructed in the vicinity of the central exhibition grounds, in cooperation with the largest hotel project developer in German cities, the GBI AG.
Source: New feed

Starbucks Presents Its Five-Year Plan

Company to add 12,000 stores globally – to a total of 37,000 – by 2021; Projects 10 percent revenue growth, 15-20 percent EPS growth and mid-single digit comp growth annually
Source: New feed

AccorHotels Announces Strategic Partnership with Banyan Tree

Under a long-term partnership, both parties intend to collaborate to develop and manage Banyan Tree-branded hotels around the world. Banyan Tree will also have access to AccorHotels’ global reservations and sales network, as well as its loyalty program Le Club AccorHotels.
Source: New feed

Hyatt Regency Brand Makes Its Debut In Colombia

CHICAGO (December 7, 2016) – Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Regency Cartagena, the first Hyatt-branded hotel in Colombia. The opening of the first Hyatt…

Source: New feed