New York restaurant La Sirena to close

New York restaurant La Sirena to close

“B&B Hospitality Group’s New York City restaurant La Sirena is scheduled to close after the end of the year, the company confirmed on Tuesday.

“We are very proud of our hard-working, dedicated professionals who deliver great dining experiences to our guests every day. Our guests know just how special La Sirena is, and we’re grateful for their patronage,” the statement said.

Batali, who co-founded the company with partners Joe and Lidia Bastianich, opened La Sirena in 2016. According to Eater, the restaurant began struggling even before Batali was accused of sexual misconduct. Batali is the subject of both civil and criminal investigations.

Read more here.

Opportunities: CohnReznick Presents 2015 Hospitality Webinar Series

8c1d533d77cb811b09c0b47c64360fa9

CohnReznick LLP, one of the top accounting, tax, and advisory firms in the United States, will hold the second session in their Hospitality Webinar Series on May 21st titled The Technology Landscape: Understanding What You Need and What Works. This webinar will cover the past, present and future of hospitality industry technology and identify the best platforms based on a company’s technological need. The webinar will be moderated by Christopher Mahon, Partner at CohenReznick and will feature James McGhee, Partner at Results Thru Strategy. Screen Shot 2015-04-28 at 12.39.44 PM

The series goal is to present webinars focused on the financial and operational issues that face hospitality companies. Other upcoming topics for the series include Public Relations and Social Media Strategies, The ABCs of Lending: The Finance Market for Restaurants, Both Big and Small and Legal Issues for the Hospitality Industry.

CohnReznick, headquartered in New York, offers specialized services for middle market, Fortune 1000 companies, private equity and financial services firms, government contractors, government agencies, and not-for-profit organizations. Founded in 1919, they have over 300 partners, 2700 plus employees and bring in an annual revenue of more than $500 million dollars.

To register for this webinar, please click here

US Demand for Ethnic Flavors

The US foodservice market is very attractive to international operators looking to expand globally. According to the National Restaurant Association, restaurant industry sales last year surpassed $680 billion, with the limited-service sector accounting for a third of the total. Due to the rise of importance of the millennial generation, ethnic flavors have become more in demand than they ever have before, which is causing international brands to be able to boom and grow their brands across the US.

As the popularity of the global fast casual concepts grows, chains from Brazil, Asia, Europe and South Africa are jumping into the US foodservice space to compete and expand their concepts. For example, London-based Pret A Manger is thriving by marketing their healthy and fresh products in urban areas with a high pedestrian traffic count. Lauren Hallow, associate editor of news and concept analysis for research firm Technomic states that Pret “really lets people know they use natural, preservative-free ingredients, so the fresh factor is still there. They do have a higher price point, and I think that’s why they’re sticking to these urban areas with affluent consumers.”

Le Pain Quotidian is another chain, from Belgium, that has grown exponentially in the US last year. Aside from the fresh, healthy menu items, what has made LPQ attractive in large urban areas which can at times feel lonely, is their store layout which always includes a large communal table. CEO Vincent Herbert was excited by the challenge of breaking into the US market and was confident they would succeed given their strong core values of enjoying the hospitality aspect and not just the service aspect. LPQ faced higher rent terms than accustomed to in Europe, so Herbert explains that the chain had to ensure that each location would yield high profits quickly, and that their success really came from the brand’s ability to not look like a chain.

Giraffas, a Brazilian steak and burger brand also chose to take on a challenge and enter the US market, but before doing so realized they needed a fast casual makeover to succeed. João Barbosa, CEO of Giraffes, says that the key to keeping the food costs low lays in the cut of the beef known in Brazil as a ‘piranha,’ which is relatively inexpensive in the US and has become popular in their first locations in Florida. The brand is looking to target more urban areas this year such as New York and Boston which will serve as a gateway to these expand westward and eventually franchise.

To read more about international concepts that aim to expand their brands in the US market due to an increased demand for global flavors, click here

 

NYC Hotel Forum

The NYC Hotel Forum will take place this Friday November 7th at the McGraw-Hill Conference Center on 1221 Avenue of the Americas. The forum will run from 8AM to 11:20AM to discuss major topics in NYC Hotel development. Attendees will include investors, owners, developers, lenders, architects, designers and essentially a whole range of key players in the hospitality industry. The forum will begin with a continental breakfast and networking opportunity followed by the keynote address by Donna Keren, Senior Vice President, Research & Analysis, NYC & Company. The remainder of the morning will consist of a two panel discussions with a networking break in between. Panel 1 will discuss The Anatomy of Successful Hospitality Deals and Panel 2’s title is: Will Demand Stay Hot for Hotels? Hotel Development Trends. The closing keynote address will be delivered by Adele Gutman Milne, Vice President, Sales, Marketing & Revenue, Library Hotel Collection.

Many major topics will be discussed throughout the forum including:

  • Strategies for Launching New Developments in an Economic Upturn
  • Managing Construction and Renovation Projects Delayed During the Recession
  • Financing Your Hotel and What Lenders Look for in an Ideal Hospitality Project
  • Integrating Technological Advances for Future Hotel Rooms and Guest Experiences
  • Modernizing Old Hotels and Recognizing What is Critical When Rebranding a Hotel

An individual ticket will cost $125, while association members will be able to purchase tickets at a reduced fee of $75. To read more about the forum and to register, click here

Oracle Acquires Micros Systems in $5B Deal

Oracle, the world’s leading supplier of information management software, is now close to acquiring Micros Systems for over $5 billion. Micros Systems sells point-of-sales hardware to restaurants, stores and hotels; it also sells customer-relationship management software, invetory-tracking software and analytics software. This acquisition would diversify Oracle’s product lineup as it would now include more hardware. It will also enable Oracle to pick up many of Micros’ customers in the food , retail and hospitality industries.

Last year a few of these customers included:

  • Cracker Barrel
  • Burger King
  • Arbys
  • Hard Rock Café
  • Hilton

To read more about the acquisition click here

New App Means New Competition for Fast Casual

In an effort to add more emphasis on speed and hospitality, BJ’s Restaurant and Brewhouse launched an app last Tuesday that allows diners to place their orders before arriving at the restaurant. BJ’s Chief Executive Gregory Trojan believes that being hospitable is the most important task for a waiter. The casual-dining restaurant chain’s goal in launching the app is to shift the wait staff’s duties to enable them to focus on being more conscientious of the customer.

The customer is placed on the wait list once they have ordered via the app, eliminating the need to wait at the host stand upon arriving at the restaurant. The kitchen fires the meal once the customer is seated to ensure the food is hot when it arrives at the table. The app also offers a mobile payment option at the end of the meal eliminating the need to wait for the check.Trojan assures that the app will not mean less waiters but simply that the waiters will be removed from the ordering process.

The increase in speed and service will be an added draw to the customer which will enable BJ’s to better compete with fast casual establishments. Panera Bread and McDonald’s have also been experimenting with different ways to include the customer to streamline the ordering process.

 

To read more about the app launch and what it means for the future click here

 

NYCHG Event: Meet the Owners of Analogue Feb 24th

The New York City Hospitality Group invites you for an evening of “Cocktails & All That Jazz” at Analogue featuring owners Jesse Wilson and Jared Gordon.

Meet the owners and learn more about how they have successfully launched their new restaurant in the West Village. This exclusive event will include an open forum with educational session and Q&A. Live jazz, cocktails and food will be included.

Monday, February 24th

6-9pm

Anaologue

19 West 8th Street

RSVP by February 20th, as this private event has limited capacity.

CMO, CEO, Chief Innovators are Welcomed to Join Inventours

Inventours is sponsoring events in Paris and Barcelona this summer. Both programs are “process and creativity insights training for executives looking to innovate through exclusive meetings with globally renowned innovators in product design, technology, food, fashion sustainability, architecture, hospitality and retail.” According to the Inventours site:

Paris June 22nd – 27th 2014:

Paris is renowned for its food, fashion, art, architecture, engineering and retail presentations. This highly unusual and insight-generating program will highlight the city’s most cutting edge innovations across the variety of creative disciplines that Paris does best. We’ll view the work and speak to the innovators first-hand in their offices, studios, boutiques, and labs to glean new ways or thinking and organizing for innovation.

Barcelona June 8th – 13th 2014

Barcelona has long been a hotbed of creativity and independent thinking: home of groundbreaking artists Picasso, Miro and Dali, and the brilliantly original, architect Antoni Gaudi. In cuisine, Ferran Adria is considered the most innovative chef in the world in history. In fashion, Desigual, Custo, and Camper are innovators in color, asymmetry, and style. Buildings such as the gold, fish-shaped Arts Hotel, Jean Nouvel’s Torre Agbar, the colored tile roof of Santa Catarina Market, and the Palace of Music, all have made Barcelona a world-class center of architectural innovation. Barcelona shouts with innovative, original, independent design thinking in all creative fields and so it was selected as the perfect city for an InventoursTM innovation inspiration program.

Culintro Networking at Sons of Essex

Culintro recently posted their first networking event for January. The event will be at Sons of Essex on Monday 1/27 from 9-11pm and will feature a special food and beverage menu. All industry members are welcome, and registration is free. We hope to see you there!

Building a Strong Team Beyond the Holidays

Jason Hamilton of FastCasual recently shared his insights on employee appreciation during the holidays. Most quick-service and fast-casual restaurants remain open during the holidays, leaving little to no opportunity for employees to take time off and celebrate with family. It’s also during this time that foot traffic and product demand is higher than usual.

COO and CFO of Heartland Restaurant Group LLC (doing business as Dunkin Donuts), Anthony Braun, sent a personalized letter to his team acknowledging their “amazing, spirit, unwavering commitment and incredible work ethic,” and reminded them to take the time to stop and enjoy time with loved one during the holiday season. Braun’s acknowledgment goes beyond writing; he makes it a point to visit Dunkin Donuts locations that are open during the holidays. Braun also shows employees his appreciation through gift cards and thanking them for sacrificing time they could otherwise be spending with family.

Braun advocates for demonstrating employee appreciation year-round, not just during the holidays, although during the holidays it’s especially important. “The difference between a decent place to work and the best place to work is not what you’re given but how you are treated,” claims Braun. An enterprise’s culture is directly related to building a strong team that is dedicated to maintaining the values of the brand and providing quality customer service.

When management sets a precedent of humility and genuine care towards employees, these qualities become contagious and employees demonstrate them towards customers, and reciprocate them towards management. This synergy results in outstanding customer service.

Recognizing employees during the holiday season does not necessarily have to be in a monetary form, such as bonuses and gifts.  A handwritten note can show the same sentiments.