deals

Ghost Kitchens Cut Deals With Empty Hotels

Four Points by Sheraton Midtown at 326 W 40th Street (Google Maps; iStock)

Four Points by Sheraton Midtown at 326 W 40th Street (Google Maps; iStock)

Hotel operators have come up with all sorts of ways to use their empty spaces during the pandemic, such as housing the homeless, creating temporary offices and hosting weddings.

Now, they are capitalizing on the surge in demand for delivery food by cutting deals with operators of ghost kitchens, a growing industry predicted to be worth $1 trillion in the next decade.

Restauranter Richard Zaro told the New York Times he had wanted to open a sandwich shop before the pandemic, but a lack of funding held

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Austin City Council to discuss million-dollar deals to acquire hotels to shelter the homeless

The hotels being discussed for purchase are the Candlewood Suites and Texas Bungalows Hotel & Suites.

AUSTIN, Texas — Members of the Austin City Council are meeting Monday to discuss potentially buying two Austin-area hotels intended to house those experiencing homelessness.

The hotels reportedly in discussion for purchase are the Candlewood Suites for $9.5 million and the Texas Bungalows Hotel & Suites for $6.7 million. 

Additionally up for discussion is an item allowing the City to lease the Candlewood Suites prior to purchase “for emergency housing, isolation, and support services related to COVID-19 for a 30-day term, with an option

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