A failing restaurant causes a lot of frustration to the owner. Are you running a restaurant or bar and it seems no matter what you do you just cannot seem to rake in more customers? Chances are the only customers you have are the loyal few who have been with you from the very beginning,…
Hotel experts are not fully comfortable with the status of the market enough to recommend a strong buy. STR’s chairman and founder, Randy Smith, says – “We have never seen supply growth this low when we’ve seen demand this high” (04 June 2013). For some reason, the market is not rushing to invest in that demand…
Many hospitality consulting experts and industry analysts have been touting the recent rise in hotel fundamentals such as demand, occupancy and ADR (average daily room rates). However, this article in a major online trade publication says it isn’t so rosy given that the stats are significantly impacted by the top twenty-five markets in the USA,…
Part of hotel investor services is advising clients when to buy, hold or sell during the investment period. Hotel real estate in the USA is very cyclical. It usually has a seven to ten year cycle that mirrors the lows and highs of the national economy. – Since 2008, we have been in the bottom…
Employee tip pooling and other distribution policies from a restaurant wage and hour expert perspective can be a source of contention amongst hospitality and foodservice industry workers. Worse, it has given rise to a number of disputes and lawsuits. Most notably is the recent settlement by Outback of $1.25 Million involving their employees in Minnesota.…
How to save a failing restaurant can be serious business and sometimes by putting it in perspective with a sense of humor from others can lead to valuable tips. We found one blog writer whose cartoon outcome, although somewhat drastic and ominous, clearly provides readers some useful recommendations about preventing restaurant failures. The posting, and…
Hotel experts at the recent American Lodging Investment Summit (ALIS) could be labeled as cautiously optimistic about what they opined on in terms of the outlook for growth and new hotels this year and next. Other specialists in a separate report provide a good foundation and reason why hotel-retail mixed-use development may signal the start…
The need for interim hotel management could rise again as construction starts are on the upswing in both secondary and smaller travel markets. This is in part due to owners and operators who have curtailed adding to existing upper management ranks while the economy has been uncertain and new development had been put on hold.…
Reservation and guest management and keeping your patrons wowed are the night club expert tech talk this week over at the “Nightclub & Bar Magazine” reviews and commentary. Here are abstracts of two technology add-ons to your operations that will certainly streamline customer data and keep them coming back: Taking the Pain OUT of Night…
When there are disputes between a managing member or other members of a LLC (Limited Liability Corporation), the appointment of a restaurant receiver is one solution. Unlike hotel receiverships, where often this action is more common and brought on by the senior lender prior to foreclosure and in order to preserve the assets and the…