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Leonardo Hotel Newcastle brought to market for £31.8m

Hotel Owner

The Leonardo Hotel at St James Gate in Newcastle has been brought to market on behalf of a UK investment fund, with offers of over £31.8m this year, rising to 9.86% in 2028, and 11.05% in 2033. being sought. The 274-bedroom, upper-midscale hotel is let to Leonardo Hotel Management (UK) Limited for the next 14.4 compared to 73.2%

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Today’s news in brief – 27/2/24

Hotel Owner

Designed by Curveline Design with input from fitness brand Primal, the revamped gym will feature modern equipment and versatile spaces for group classes and personal training. Savills handled the sale, highlighting the property’s unique appeal and strong return potential in the luxury hospitality market.

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Kitchen Display System for QSR

NCC USA

One of the biggest reasons to consider deploying a kitchen display system (KDS) is the growing quick service restaurant (QSR) market. Verified Market Research predicts a 5% CAGR with growth from $261 billion In 2020 to $386.55 billion in 2028. Bump pads enable kitchen staff to clear them when the order is ready.

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6 Cloud Kitchen Myths, Debunked

Restaurant Engine

Looking to expand your market reach? You’re still operating in a crowded and competitive market. What’s more, if you already have a brick-and-mortar dining room, you may even be able to use your existing staff which cuts down on hiring and training costs, too. through 2028.” Try a cloud kitchen. Final Thoughts.

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7 Questions to Ask Before Choosing a Point-of-Sale Solution for Your Restaurant

Restaurant Engine

Is employee training included? The global restaurant point-of-sale system market is expected to reach nearly 26 billion dollars by 2028. What happens if your devices break? What kind of IT support exists? How about upgrades? Knowing the answers to these questions can help you find the best POS system. Final Thoughts.

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The Self-Serve Kiosk POS System Checklist

NCC USA

Market data shows sales of kiosks topped $234.6 million in 2021 and are projected to grow to $665 million in 2028, sporting an impressive 16% CAGR. Whether young or old, customers don’t want to undergo intensive software training just to order a tasty meal. The software you choose is essential.

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7 Benefits to Operating a Fully Automated Kitchen

Restaurant Engine

Some of your most expensive budget items are labor costs and training. You also don’t need to spend money on training costs to get your employees up to speed on each of your menu items. The global cooking robotics market is expected to be worth $322 million by 2028. 2: Money Savings.