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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.

Pricing 125
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Xenia sells Fairmont Dallas for $111M

Hotel Business

The transaction price represents an 8.6x These transaction price metrics are exclusive of an estimated $80 million of near-term capital expenditures. “We are pleased to have completed the sale of Fairmont Dallas, which opened in 1969 and which we acquired in 2011 for $69 million,” said Marcel Verbaas, chair/CEO, Xenia.

Pricing 59
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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.

Marketing 109
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The Vegan Revolution: Celebrities Behind Vegan Brands

Modern Restaurant Management

As a long-time environmental advocate, in 2011, Cameron went vegan to lower his carbon footprint while also finding that his health improved too. Beyond Meat’s share prices dropped in 2017, which was given a boost by Snoop. The documentary has a fresh take on veganism by considering the effects of eating meat and dairy.

Pricing 169
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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.”

Pricing 98
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The 33 Essential Copenhagen Restaurants

EATER

Bo Bech’s Geist, which opened in 2011, is no more. Price key: $ = Less than 200 DKK (30 USD) $$ = 200 - 500 DKK (30 - 75 USD) $$$ = 500 - 1,000 DKK (75 - 150 USD) $$$$ = 1,000 DKK (150 USD) and up. That’s not to say that everybody’s still around. Neither is Kristian Baumann’s Michelin-starred 108.