Choice Hotels is aggressively expanding its upscale offerings with the addition of three new Cambria Hotels and the groundbreaking of two more. This strategic move strengthens Choice’s presence in the premium hotel market, driven by the growing demand for upscale accommodations with local flair. The company’s commitment to expanding its upscale portfolio and innovative franchise support systems positions it for continued success in the dynamic hospitality landscape.
K9 Resorts Luxury Pet Hotel has announced plans for major expansion in Colorado and Florida through a multi-unit agreement with Mike and Thomas Esposito. The Espositos, with their backgrounds in finance and franchising, will develop five new resorts in Denver and two in the greater Clearwater area over the next five years. Colorado and Florida present ideal markets for K9 Resorts due to their growing economies and dog-friendly environments.
Regulators in Colorado have filed a lawsuit against a restaurant group and a broker, alleging that they misled investors and duped them out of $380,000 after floating a nationwide expansion plan for a fast-casual Indian restaurant chain. The lawsuit alleges that the defendants used ‘half-truths and lies’ to convince investors to buy into a plan for a vast franchise network, promising returns as high as 2,900% and guaranteed quarterly dividends of 8%. However, after the sole Saucy Bombay location closed in 2015, the defendants allegedly continued seeking investments without disclosing the closure. None of the 17 investors received any dividends, and the state alleges that the restaurant group never intended to franchise the restaurant and instead used investor money for operating costs and other expenses. The lawsuit accuses the defendants of violating state securities laws by misleading investors, selling unregistered securities, and, in one case, selling securities without a license.
Color Me Mine, the leading paint-your-own pottery franchise, is experiencing a significant growth spurt under new leadership. Following an acquisition in 2020 and the appointment of seasoned entrepreneur Cindy Johnson as CEO in 2021, the brand has seen its sales nearly double since 2021. With a goal of reaching 300 locations over the next five years, Color Me Mine plans to open 20 new studios this year and has already expanded into new markets including San Antonio, Texas; North Brunswick, New Jersey; North Olmsted, Ohio; and Federal Way, Washington. Additionally, the brand has awarded eight new franchise agreements, bringing Color Me Mine studios to new communities in California, Florida, Georgia, New York, North Carolina, Pennsylvania, South Carolina, and Tennessee.
