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Hospitality

  • Tim Hortons to open 300 U.S. stores by 2018

    Oakville, Canada – Tim Hortons is unveiling a strategic four-year growth plan for 2014-2018 called “Winning in the New Era.” The plan, which has specific segments for the Canada, U.S., and international markets, includes the opening of 300 new U.S. locations by 2018.

  • SVN Crossroads to manage Hoffman Estates, Ill., center

    Schaumburg, Ill. — Caruso Development has awarded the property management contract for Barrington Square, a 101,500-sq.-ft. retail center in Hoffman Estates, Ill., to SVN Crossroads Management. Situated in high-traffic areas in Chicago’s northwest suburbs, Barrington Square’s tenants include America’s Bar and Grill, GiGi’s Playhouse and Poplar Creek Bowl.

    Currently SVN Crossroads manages a portfolio of more than two million sq. ft.

  • CBRE: VERTS expands to Dallas and Houston

    Austin, TexasCBRE has announced three more Austin-area locations for local fast casual restaurant VERTS, bringing its store count to 10. In 2014, VERTS plans to open 13 new locations, including expansions into Dallas and Houston.

    The newest locations are in North Austin. Locations in Round Rock and Cedar Park will open in the next two months.

  • H&M to Denver’s Orchard Town Center

    Denver — H&M has signed a lease for 20,000 sq. ft. at The Orchard Town Center, a 914,000-sq.-ft. open air regional retail center in Westminster, Colo., according to Vestar, the property’s owner. H&M plans to open the new store in the fall.

    The addition of H&M comes less than two months after Vestar acquired the property for $123.5 million in an all cash transaction. Vestar plans to redevelop the project, rebranding the center with new amenities while brining in new retailers.

  • Ebates taps new SVP of corporate development

    Ebates, the owner and operator of the world's most rewarding shopping programs, has appointed Yen Lee as SVP of corporate development.

  • Carbon monoxide leak kills manager at Legal Sea Foods in New York

    Boston – A carbon monoxide leak at a Legal Sea Foods restaurant in Huntington Station, N.Y., is being blamed for the death of a manager and the sickening of 27 others. According to the New York Times, at around 6 p.m. on Saturday, Feb. 22, police and other medical and emergency personnel responded to a call for a woman who had fallen and hit her head in the basement of the Legal Sea Foods in the Shops at Walt Whitman, and medical personnel recognized signs of a carbon monoxide leak.

  • Pancheros plans 16 new locations for 2014

    Coralville, Iowa — Pancheros Mexican Grill has announced plans to open 16 new locations in 2014. The fast casual Mexican restaurant rounded out 2014 with eight new location openings and 10 lease signings set for development this year.

    Pancheros aims to sustain the expansion across the country with 70 additional restaurant launches over the next five years.

     

  • Starbucks names new execs for Teavana and Canada; Teavana CEO retires

    Seattle - Starbucks Coffee Company has named Starbucks Canada executive VP and president Annie Young-Scrivner as executive VP and president, Teavana. Nine-year retail operations executive and employee resources senior VP Rossann Williams has been appointed senior VP and president, Starbucks Canada.

    Teavana founder and CEO Andy Mack, having helped with the integration of Teavana with Starbucks, has decided to retire from the company.

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