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Kasa to Manage First-Ever Boutique Hotel in San Francisco’s Castro District

SAN FRANCISCO, Feb. 9, 2021 /PRNewswire/ — San Francisco real estate developer Postcard Properties today announced its partnership with Kasa, a n…

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SAN FRANCISCO, Feb. 9, 2021 /PRNewswire/ — San Francisco real estate developer Postcard Properties today announced its partnership with Kasa, a national flexible accommodations provider, to manage the much-anticipated Hotel Castro, opening in June 2021. Kasa will oversee day-to-day operations of the hotel—the first of its kind in the Castro District—and bring the intimate, neighborhood-centric vision for the property to life.

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Leveraging their luxury residential development expertise, Postcard Properties has designed a newly constructed, 6,000-square-foot, 12-room hotel that celebrates its famous surroundings. A rooftop lounge, private guest room balconies and retro 1970s decor all draw guests’ attention to the history and present-day vibrancy of the Castro. The lobby-level food and beverage concept Lobby Bar, from the team behind local favorite Hi Tops, is set to become an essential addition to the neighborhood’s already-lively and inclusive dining and nightlife scene.

“Everything about this project is influenced by the Castro’s storied history,” said Gannon Tidwell, managing partner at Postcard Properties. “It’s the inspiration behind the architecture, the decor, and we will be working with members of the community as much as possible to bring the experience together.”

Kasa offers accommodations in more than 40 markets nationwide, including San Francisco where they are headquartered. They will bring their virtual service model to the Hotel Castro, where they will use proprietary technology to give guests full access to check-in, check-out, housekeeping, room service and other hotel amenities through digital channels. This will allow Hotel Castro support staff to offer 24/7 service while ensuring a private, intimate experience for guests.

“We look forward to using all the tools at Kasa’s disposal—our technology, our experience, our local roots—to offer guests unique moments at this beautiful property,” said Mike Millas, senior director of strategic finance at Kasa. “The Hotel Castro is an exciting expansion of our boutique hotel management platform, and we’re thrilled to bring our distinct vision of world-class hospitality to this world-class neighborhood.”

The Hotel Castro expects to begin accepting reservations in Spring 2021.

About Kasa
Kasa is a national accommodations brand with roots in real estate and technology. The company partners with property owners to transform multifamily and boutique hospitality properties into professionally managed units that offer trustworthy and comfortable accommodations to business and leisure travelers alike. Kasa was founded in 2016 in San Francisco by a team that includes technology, hospitality and real estate professionals. For more information, visit https://www.kasa.com.

About Postcard Properties
Postcard Properties is real estate investment and development firm based in San Francisco. The company invests in value-add real estate opportunities in highly desirable locations throughout California. The Postcard portfolio consists of lifestyles assets which enhance communities and improve peoples’ experiences where they live, work and play. Founded in 2010, the Company has acquired and managed several real estate investments to include residential, office, mixed-use and hospitality.

For more about Kasa:
media@kasa.com

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Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

“Everything about this project is influenced by the Castro’s storied history,” said Gannon Tidwell, managing partner at Postcard Properties. “It’s the inspiration behind the architecture, the decor, and we will be working with members of the community as much as possible to bring the experience together.”

Source: https://markets.businessinsider.com/news/stocks/kasa-to-manage-first-ever-boutique-hotel-in-san-francisco-s-castro-district-1030062011

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A brawl outside Shake Shack in Detroit involving up to a dozen young girls was caught on camera

Shake Shack said it is investigating the incident. Noam Galai/Getty Images A large group of girls were captured fighting outside a Detroit bra…

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Shake ShackShake Shack said it is investigating the incident.

Noam Galai/Getty Images

A mass brawl that apparently began inside a Shake Shack branch and spilled out into the parking lot was captured on video.

The altercation, which witnesses say fizzled out after a few minutes, involved a group of 10-12 teenage girls, according to Fox 2.

A witness also suggested that the girls may have been employed there, due to the logo on their shirts, although Insider has been unable to confirm this. Shake Shack did not immediately respond to a request for comment.

Witness Jason Taylor told Fox 2: “I’m looking and I see the green burger (logo) on their shirts and I said they’re the Shake Shack girls,” of seeing the group of women brawling in a parking lot outside of the burger chain. “I told my cousin, ‘No Shake Shack today, buddy.'”

Taylor also told the outlet: “A girl flew over the chain with a juice bottle and was hitting the girl in the head with it. I didn’t try to break up anything because it’s Detroit, anything can happen.”

Detroit police said no police report was filed, according to Fox 2.

The fast-food chain told FOX 2 it is “disturbed by what happened and are launching an investigation” and that could mean disciplinary action, adding “safety for customers and staff is number 1.”

There have been several reports of violence at other fast-food premises in recent weeks.

In June, Memphis police reportedly arrested two customers who started a shooting in Burger King because their chicken sandwich had too much hot sauce, as Insider’s Grace Dean reported.

  • See more stories on Insider’s business page.
  • Source: https://markets.businessinsider.com/news/stocks/shake-shack-brawl-detroit-fast-food-2021-7

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    XED Beverage Company Raises $4.5 Million in Seed Round, backed by industry leaders

    NEW YORK, July 12, 2021 /PRNewswire/ — XED Beverage Company (XED), the new future-focused beverage company, has announced the completion of its s…

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    NEW YORK, July 12, 2021 /PRNewswire/ — XED Beverage Company (XED), the new future-focused beverage company, has announced the completion of its second seed round of funding, totaling investments of $4.5 million raised just this past year. This funding will be used to grow XED’s flagship brand SESH and launch XED’s second disruptive brand, which is currently in stealth mode.

    Founded by Zeke Bronfman and Nate Medow, best friends and former college roommates, XED was conceived as the antidote to what the two young entrepreneurs identified as lacking in the alcohol industry. Bronfman, carrying on his family legacy of spirits titans Samuel Bronfman and Edgar Bronfman Sr. of Seagram’s fame, developed a refined taste for beverages early on and yearned to craft a beverage with authentic and robust flavor. Medow, a star athlete and Type 1 diabetic, needed alternatives to beer and cocktails without the sugar, carbs or calories. Nate and Zeke realized there was nothing on the market that combined the rich flavor they wanted in the better for you format they needed. So, they started mixing in their dorm room until they created delicious cocktails with zero sugar and all-natural ingredients. SESH: Cocktail Meets Seltzer was born, and XED Beverages began to build its platform to launch brands.

    Additional investors include:

    • Bob Hurst, Former Vice Chair & Head of Investment Banking at Goldman Sachs
    • Edgar Bronfman, Former CEO of Seagram
    • Ilan Sobel, Founder and COO of WeissBeerger
    • Strauss Zelnick, Founder of Zelnick Media Capital, CEO of Take Two Interactive and Former CEO of BMG Entertainment

    Randi Zuckerberg has also joined Edgar Bronfman, Strauss Zelnick, Barbara Bernstein, Dan Schwab, Adam Zoia, Steven Edelson, Susan Greene and several others on XED’s Board of Advisors. SESH is currently on shelves in New York, New Jersey, Illinois and Ohio, and is also available direct-to-consumer across 36 states at www.drinksesh.com.

    Additionally, XED Beverage Company has also expanded its Board of Directors, which now includes Jared Kash, Managing Partner of Surround Ventures, and DisPact Ventures’ Andrew Merinoff, along with Bronfman and Medow.

    “We are incredibly honored to receive the support of so many industry leaders,” say Zeke Bronfman and Nate Medow. “XED is well-positioned to build a disruptive portfolio of brands. By creating next generation products that connect with our consumers across different occasions, we are inspired to ensure that people never have to compromise between great flavor and better for you ingredients.”

    Media Contact: Meghan Ianiro | meghan.ianiro@kingcompr.com | 551 200 1126

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    SOURCE XED Beverages

    Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.

    Source: https://markets.businessinsider.com/news/stocks/xed-beverage-company-raises-4-5-million-in-seed-round-backed-by-industry-leaders-1030598385

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    Morningstar has handpicked 10 cheap gems from the red-hot ETF market, which is on pace for another record year of inflows, including 4 it says are seriously undervalued.

    Reuters Research firm Morningstar says exchange-traded funds "look primed for another banner year." ETFs have added $469 billion in i…

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    Reuters

    • Research firm Morningstar says exchange-traded funds “look primed for another banner year.”
    • ETFs have added $469 billion in inflows so far in 2021 and will likely overtake last year’s record $500 billion.
    • Morningstar’s 10 cheap ETF picks concentrate on energy and overseas funds.

    • See more stories on Insider’s business page.

    Exchange-traded funds (ETFs) are set for a second straight record-breaking year of inflows, having received $469 billion of investment over the past six months, according to fund research firm Morningstar.

    A strong June saw ETFs add $74 billion in inflows, with last year’s headline-grabbing success story ARK Invest pulling in $1.1 billion to return to the top 10 providers list.

    “Exchange-traded funds look primed for another banner year, as investors continued to pour in new money last month,” Morningstar analysts Ryan Jackson and Ben Johnsons said in a July 1 research note. “The $500 billion that investors dumped into ETFs last year set an annual record, but that’s likely to be short-lived. ETF inflows are on pace to blow past that figure, perhaps as soon as next month.”

    An ETF tracks a particular index, sector, or commodity. Like regular stocks, ETFs are bought and sold on stock exchanges.

    Demand for these types of funds have surged since the start of the coronavirus pandemic in March 2020, with investors betting on macroeconomic recovery and both value and growth stocks competing to offer the best returns.

    Morningstar analysts compiled a list of 10 undervalued ETFs by dividing the fund’s current price by what they calculated to be its fair value. The price/fair value ratio can be used to calculate which cheap ETFs have them most upside for investors.

    Four ETFs had a price/fair value ratio of less than or equal to 0.8, implying that they could be undervalued by more than 20%.

    Those 4 funds – the Global X MSCI China Financials ETF, the iShares US Oil Equipment & Services ETF, the VanEck Vectors Oil Services ETF, and the Invesco Dynamic Oil & Gas Services ETF – symbolize the two key themes of Morningstar’s research note. Jackson and Johnson argue that energy funds and foreign stock ETFs are most likely to deliver returns for investors.

    Energy funds have enjoyed strong returns so far in 2021, with the aforementioned iShares US oil ETF posting a year-to-date return of 62%. However, Morningstar analysts say that investors are still undervaluing the sector. WTI crude oil prices have risen by 55% in 2021, with the S&P 500 recording gains of 16%.

    “This fund – and its energy peers – remain considerably undervalued despite a torrential first half of the year,” Jackson and Johnson said. They listed the SPDR S&P Oil & Gas Equipment & Services ETF as another cheap, undervalued energy fund.

    Morningstar also highlighted several foreign ETFs, with a particular focus on China. Global X’s China Energy and China Real Estate ETFs joined the Financials ETF on the list of undervalued funds. The China Energy ETF posted the strongest figures in June, delivering a 4.31% return for investors.

    “Investors hunting comparably cheap valuations in a more-diversified portfolio likely need to look overseas,” Jackson and Johnson said. “Foreign stock ETFs dominated the ranks of the cheapest broad-based ETFs at June’s end. Most of these funds zero in on international stocks that look cheap relative to their dividends or other fundamental measures of value.”

    Alongside the three Global X China ETFs, they listed the Van Eck Vectors Egypt ETF, which is up 0.28% this year, the Invesco RAFI Strategic Emerging Markets ETF, which has gained 13%, and the Davis Select Worldwide ETF, which is up 10.7%, as undervalued funds set to surge in the second half of 2021.

    Source: https://markets.businessinsider.com/news/stocks/investing-etfs-strategy-cheap-picks-to-buy-10-funds-tips-morningstar-2021-7

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