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Hospitality

  • McDonald's comps slip in Q1, profit inches up

    Oak Brook, Ill. -- McDonald's Corp. reported Friday that net income for the quarter ended March 31 rose about 1% to $1.27 billion, from $1.26 billion last year. Total revenue also rose 1%, to $6.6 billion from $6.5 billion.

    Same-store sales dipped, however, impacted said McDonald’s by a tightened eating-out environment during the quarter.

    At home, same-store sales dipped 1.2%.

  • Garden City Center launches phase II of revitalization

    Cranston, R.I. -- Boston-based The Wilder Cos. said Thursday that the second phase of the multi-phased strategy to expand, reconfigure and redevelop Garden City Center, in Cranston, R.I., is officially underway.

    The project involves turning vacant former large-format retail spaces into a mix of mid-sized and smaller specialty retailers, including the state’s first Corner Bakery Café which signed a multi-year lease.

  • New tenants coming to Northshore Town Center

    Knoxville, Tenn. -- CHM said that its Northshore Town Center mixed-use property will add First Tennessee Bank and ORNL Federal Credit Union to its tenant roster.

    The two financial institutions will join fast-casual pizza restaurant Uncle Maddio’s, scheduled to open its first Tennessee location at Northshore Town Center later this spring.

  • Mimi's Cafe names VP finance

    Irvine, Calif. -- Mimi's Cafe said Thursday that Scott Miller has been named VP finance, effective immediately.

    Miller most recently was the CFO at El Gallo Giro, a multi-unit taqueria. He also spent 10 years in various financial leadership roles at Carlson Restaurant Inc., with the T.G.I. Friday's and Pick Up Stix brands.

    Mimi's Cafe was recently acquired by Le Duff America , parent to the Bruegger’s Bagels and la Madeleine banners, and has 145 locations in 24 states.

     

  • Howard Hughes Corp. taps RKF to lease South Street Seaport

    New York -- Following unanimous approval in March by the New York City Council for the redevelopment of Pier 17, The Howard Hughes Corp. said it has named RKF as the exclusive consultant and leasing agent for the South Street Seaport.

  • Upscale men’s salon opens at Rice Village

    Houston -- UCR Houston said that The Boardroom for Men will open at Rice Village, in Houston, a shopping center owned by Rice Properties.

    The 2,100-sq.-ft. upscale men’s salon is slated to open June 2013. It will be the chain’s first Houston location.

     

  • Hudson Group launches new travel retail concept

    East Rutherford, N.J. -- Travel retailer Hudson Group, owner of the Hudson News airport stores, said Tuesday it has launched a new retail concept called Hudson, with the first unit slated to open at the Seattle-Tacoma International Airport’s Central Terminal.

  • Haven Riverfront to open at Edgewater Harbor

    Edgewater, N.J. -- North Plainfield, N.J.-based Levin Management Corp. said that Haven Riverfront Restaurant & Bar will open a 6,500-sq.-ft. location at Edgewater Harbor, in Edgewater, N.J.

    The new restaurant, opening in June, becomes the latest eatery to join the dining component at the mixed-use development on Hudson County’s Gold Coast, according to Levin, the exclusive retail leasing agent for the property.

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