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Hospitality

  • Canada approves Tim Hortons-Burger King merger

    Oakville, Canada — The proposed merger between Tim Hortons Inc. and Burger King Worldwide Inc. has been approved by the Minister of Industry under the Investment Canada Act ("ICA"). The companies have set the deadline for registered shareholders of Tim Hortons or Burger King Worldwide to make an election by Dec. 9, with the assumption the proposed merger will occur Dec. 12.

  • Baker Katz completes leases of five Chipotle locations in Texas

    Houston - Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm, announced that it has negotiated five Chipotle leases in Texas.    Jason Baker negotiated the leasing of the five Chipotle locations, ranging in size from just over 2,000 sq. ft. to 3,000 sq. ft. with a variety of different brokers.  
  • Starbucks’ five-year plan heavy on new store formats, food growth and mobile

    Seattle - Starbucks Coffee Company isn’t resting on its laurels. The chain’s five-year strategic growth plan—unveiled Thursday at its biennial Investor Day—includes new store formats,  expanded food offerings, and digital initiatives.  
  • Sam’s Club introduces travel app

    Bentonville, Ark. - Sam’s Club is introducing a new free Sam’s Club Travel mobile application designed to offer Sam’s Club members savings on hotels, rental cars, vacation homes, and other travel activities. Sam’s Club is the first mass market retailer to offer members a mobile app exclusively dedicated to leisure and business travel needs.   
  • Metropol Instanbul will debut as one of largest mixed-use projects in Turkey

    Istanbul, Turkey - Annapolis, Maryland-based architectural firm Roy Higgs International has been retained to design the retail portion of Metropol İstanbul, a global mixed-use project and architectural landmark of Istanbul that is rising within the borders of the Istanbul International Financial Center in Ataşehir.

    “Metropol İstanbul will breathe new life into this vibrant city, elevating its architectural significance,” said Elif Ozbay, design manager for Metropol İstanbul.

  • Project Spotlight: Steelpointe Harbor

    Bridgeport, Connecticut - A major Northeastern waterfront project has achieved lift-off. Bridgeport Landing Development, a subsidiary of The RCI Group, announced that it has completed the $15-million Phase I infrastructure improvements at its mixed-use Steelpointe Harbor project in Southern Fairfield County Connecticut and it has begun going vertical.  

  • Five Brands to Watch in 2015

    Brand-building expert and consultant Denise Lee Yohn has released her annual outlook for the year,  “Brands to Watch in 2015.”

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