The purchase price of $1.625 billion represents a multiple of approximately eight times adjusted EBITDA, inclusive of expected operational synergies and identified revenue growth opportunities.
Source: New feed
Month: September 2021
Cloud5 Communications Making $100 Million Available to the Hospitality Industry
Hoteliers will now be able to deploy new HSIA networks and telephony systems or upgrade their existing communications technology without the concerns of upfront payments or the burden of trying to secure financing.
Source: New feed
HITEC 2021 NEWS: Volara to Showcase Hospitality’s First Voice-Controlled EOS WiFi Smart Digital Thermostat from INTEREL
The joint solution expands on Volara’s existing integration with INTEREL and will be on display at Volara Booth 5305, September 28 to 30, at the Kay Bailey Hutchison Convention Center.
Source: New feed
Infor Launches Newest Version of Hospitality Management Solution
Newest iteration puts mobile capabilities for exceptional personalized guest services in the spotlight.
Source: New feed
Flexibility: The Key to Employee Satisfaction in a Labor Crunch
Because most hospitality organizations are staffed with a large contingent of hourly workers, they’re ready-made to offer flexibility. A system known as flexible self-scheduling can easily make that happen.
Source: New feed
Condor Hospitality Trust to Sell All Hotels to Blackstone Real Estate
The Company’s Board of Directors has also unanimously adopted a Plan of Liquidation and Dissolution.
Source: New feed
VROMO Integrates With DoorDash To Increase Support and Options for Self-Delivery Restaurants
Source: New feed
Meeting Today’s Restaurant Hiring Challenges with Technology
Hiring tools can help streamline the repetitive process. A hiring solution allows managers to organize and manage applications all in one place, automatically tracking applicants in the hiring pipeline.
Source: New feed
How to Choose the Best Pay-at-the-Table Solution
Pay-at-the-table solutions can save guests frustration, ensure more secure credit-card transactions, free up servers’ time, and generally improve the dining experience for everyone involved.
Source: New feed
Melco Resorts & Entertainment Cuts Plate Waste by 35%
Using AI technology paired with anthropomorphized food had significant impacts on behavior leading to reduced levels of food waste.
Source: New feed