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The extended-stay pipeline is heating up

Hotel Business

Since 2017, nine new extended-stay brands have launched. Construction Pipeline are extended-stay projects, accounting for 35% of projects and 30% of the rooms in the total U.S. Extended-stay projects under construction, at the end of Q3 ’22, accounted for 264 projects/28,286 rooms, up slightly YOY.

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For Restaurant Owners, Cybersecurity is a People Problem 

Modern Restaurant Management

In 2017, Pizza Hut reported a “temporary security intrusion” that affected about 60,000 customers who tried to order from the company website. A year later, hackers were able to breach Dunkin Donuts online loyalty rewards program, stealing and subsequently selling thousands of user accounts on the dark web.

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Wildfire Season: How Restaurants Can Better Protect Themselves

Modern Restaurant Management

Across the country, the most damaging wildfire seasons have been in recent years, including 2017, 2018, and 2020, accounting for 62% of the structures lost over the last 15 years. Starting in August , more than 9,000 wildfires burn in the U.S., The three largest wildfires in Colorado history occurred in 2020.

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Surviving Disruption: How New COVID-19 Legislation Can Assist the Restaurant Industry

Modern Restaurant Management

Funds can be used to pay fixed debts, payroll, accounts payable, and other bills. The CARES Act corrects a drafting error contained in the Tax Cuts and Jobs Act of 2017 (TCJA), retroactively making QIP 15-year property that is eligible for 100 percent bonus depreciation. The interest rate for these SBA loans is 3.75

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ESOPs and Sustainable Restaurant Culture

Modern Restaurant Management

The idea had been kicked around almost five years prior to the ESOP transaction, in 2017. Essentially an ESOP is a big picture plan that can double as an employee's retirement account. To learn more about the pros and cons of putting an ESOP into place, Modern Restaurant Management (MRM) magazine reached out to Cucci.

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Latin America’s Hotel Construction Pipeline Surges in Q3 2023 with New Projects and Construction Start Initiatives

Hospitality Net

At the Q3 close, there were 93 new project announcements (NPAs), accounting for 415,416 rooms, marking the largest number of new project and room announcements in Latin America since Q2 2017. The region’s pipeline project counts are up slightly, at 6% year-over-year (YOY) by projects and 5% YOY by rooms.

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Four Reasons to Consider a Virtual Kitchen Now

Modern Restaurant Management

Even before COVID-19, the food delivery industry was expected to grow from $43 billion in 2017 to $467 billion in 2025 – now it's expected to be $1 trillion by 2030. In fact, according to The Washington Post , it’s one of the only areas in the restaurant industry seeing growth right now. Flexibility Can Help You Reap Rewards.