Restaurant Financing

Florida heats up with new and renovated properties

New Sunshine State hotels include a Tapestry Collection by Hilton property in Aventura and an AC hotel in the capital Tallahassee, while a Jacksonville Courtyard by Marriott has been renovated. Opening of SERENA Hotel AventuraSERENA Hotel Aventura, Tapestry Collection by Hilton, a 10-story boutique hotel has opened in the Aventura …

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Roark Capital buys Nothing Bundt Cakes

Photography: Shutterstock Roark Capital has acquired the 390-unit Nothing Bundt Cakes bakery chain from Levine Leichtman Capital Partners, the two private equity firms said on Friday. Terms of the contract are not disclosed. Bundt Cakes, or NBC, alone has more than doubled in size since Levine Leichtman bought the company …

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Winter storm costs Taco Cabana nearly $ 2 million

Photography: Shutterstock Winter Storm Uri, which swept through Texas in February, caused nearly $ 2 million in damage and lost sales at 125 Taco Cabana restaurants. The parent company of fast casual, Dallas-based Fiesta Restaurant Group, said Thursday that Taco Cabana’s first-quarter same-store sales were negatively impacted by Uri by …

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