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Friendly’s Will Sell to Investment Group for About the Price of a Brooklyn Brownstone

EATER

Restaurant Business reports that the selling price will fall just under $2 million. Friendly’s boasted more than 500 locations a decade ago, before it first filed for bankruptcy in 2011 ; currently, the chain is down to 130.

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Inverness serviced apartments on the market for £3.6 million

Serviced Apartments

UK: Inverness City Suites has been put on the market by proprietor Roy Dinnes, with a guide price of £3.6 Independently owned and trading since 2011, the business operates as 11 individually titled apartments, made up of 10 two-bedroom and one one-bedroom units. The vendors are seeking a price in the range £3.5 million to £3.65

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Norway’s Maaemo announces Sydney pop-up at Berowra Waters

Hospitality Magazine

Boyle joined the Maeemo team in 2011 and saw the venue be the first Nordic restaurant to be awarded three Michelin stars along Danish Geranium in 2016. The two-day pop-up will host a lunch and dinner service across both days, with a ten-course menu priced at $400 per person, with matching wines an additional $200 per person.

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Revenue Managers: Yes It’s a Seller’s Market But Don’t Get Greedy

Revenue Hub

In response to the post-pandemic demand surge and faced with constricted inventory due to labor shortages, rising supply costs, and other challenges, hoteliers pushed their prices back to pre-pandemic levels in record time. Sources predict that hotels’ pricing power will remain strong. Why do we do this? Our demand dried up.

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Z Hotels to open new Leicester Square site following £23m loan

Hotel Owner

“This new site situated on Leicester Square’s doorstep embodies this demand perfectly, providing our residents with compact but well-designed bedrooms at affordable prices.”

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For Restaurant Owners, Climate Disruptions Mean Even More Uncertainty

EATER

With all the challenges restaurants have faced in the past five years — COVID, inflation, price gouging — the impact of climate change on their supply chains has often been overlooked. They also cause power outages and disrupt transportation and distribution, which increases the price of all goods, including food.

Pricing 111
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How Cognitive Biases Impact Hotel Revenue Management

Revenue Hub

In revenue management, managers might focus on data that confirms their existing beliefs about pricing strategies or market trends, ignoring contradictory evidence. The effect of factors influencing the perception of price fairness towards customer response behaviors. Hotel selection: When price is not the issue. Muhammad, R.,