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Hospitality

  • New six-screen movie theatre to open in Ocala

    Ocala, Fla. -- RMC Property Management Group announced that it has executed a new lease for a movie theater on behalf of the owner of Marion Shopping Center in Ocala, Fla.

    Ocala Center 6, a six-screen theater, will occupy a 16,500-sq.-ft. space and is slated to open in May. Marion Shopping Center is anchored by Bealls Outlet and Rainbow Apparel.

  • McDonald's January global same-store sales up 5.3%

    Oak Brook, Ill. -- McDonald's Corp. reported Tuesday that global same-store sales increased 5.3% in January, comprised of a 3.1% rise in the United States, a 7% increase in Europe and a 5.2% increase in Asia/Pacific, Middle East and Africa.

    Systemwide sales increased 7.4%, or 6.7% in constant currencies, for the month.
     

  • Four new tenants join Rialto mixed-use property

    Orlando, Fla. -- The Wilder Cos. and CNL Commercial Real Estate said Friday that three new retailers and a new eatery will open at Rialto, located in Orlando, Fla.

    Wilder, the developer and owner of RIALTO, said iStudio Salon, The Spectacle Shop, You Nails and Jimmy John's Gourmet Sandwiches will open this spring through early summer.

    Rialto is a 350,000-sq.-ft. mixed-use project that is slated to include more than 75,000 sq. ft. of retail and restaurants, 50,000 sq. ft. of Class A office space and 200 luxury residential units.

  • Greg Rayburn joins A&P's board

    MONTVALE, N.J. — Bankrupt grocer A&P has announced the election of Greg Rayburn to its board of directors, replacing Dr. Jens-Jürgen Böckel, who has resigned from the board.

  • KareFoot Spa & Bodywork opens at Plymouth Meeting Mall

    Plymouth Meeting, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that KareFoot Spa & Bodywork has opened at the company’s Plymouth Meeting Mall, located in Plymouth Meeting, Pa.

    The 2,827-sq.-ft. location is the retailer’s fifth in Greater Philadelphia.

  • Le Gourmet Chef opens at Springfield Mall

    Springfield, Pa. -- Philadelphia-based Pennsylvania Real Estate Investment Trust (PREIT) said that Le Gourmet Chef has opened at its Springfield Mall property, located in Springfield, Pa.

    The 3,650-sq.-ft. store is located on the lower level next to Macy’s.

    Springfield Mall, featuring Target, Macy’s and Carrabba’s Italian Grill, is jointly owned by PREIT and Kravco Simon Investments, an affiliate of Simon Property Group.

  • Dylan’s Candy Bar opens in Palm Desert, Calif.

    New York City -- Dylan’s Candy Bar has opened an outpost in Marriott’s Shadow Ridge in Palm Desert, Calif.

    With its bright turquoise walls with a candy-coated ceiling, custom candy-themed light fixtures and signature “Whirly Pop” Tree with its branches of lickable lollipops and candy-inspired apparel and accessories, the shop is modeled after Dylan’s Manhattan flagship. Other Dylan’s stores are located in East Hampton and Roosevelt Field, N.Y.; Orlando, Fla.; and Houston.

  • Report: Restaurant industry sales trend positive in 2011

    Washington, D.C. -- A report released Tuesday by the National Restaurant Association said that restaurant industry sales are expected to reach a record $604 billion and post positive growth in 2011 after a three-year period of negative real sales growth.

    The Association’s 2011  Restaurant Industry Forecast projects an industry sales increase of 3.6% over 2010 sales, which equals 1.1% in real (inflation-adjusted) terms.

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