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Not only do you have to manage many costs including, labor, equipment, and food—but you have to do it while dealing with inevitable price increases. Construction and renovation costs differ by location and contractor. Build relationships with multiple suppliers to find the best market price for ingredients.
Development pipeline grew 12% year-over-year, including 170 new construction projects added for the company’s ECHO Suites Extended Stay by Wyndham brand since launch in March. The increases compared to both 2021 and 2019 were driven primarily by stronger pricing power. RevPAR grew 12%. and 9% internationally.
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US Foods will finance the acquisition primarily with $700 million in fully committed financing from Citigroup and Bank of America and will fund the balance of the purchase price through its existing liquidity resources. Toast Flex adjusts in three ways and is constructed to withstand the rigors of the restaurant industry.
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