What was the Good News for May?

According to personal finance technology company SmartAsset, Dallas-based Dave & Buster’s Entertainment Inc. is the country’s second-best performing stock in the nation over the past five years. The Dallas-based entertainment company was the only North Texas business to make SmartAsset’s ranking the nation’s top 10 publicly traded companies, coming in second to Reno, Nevada-based Eldorado Resorts.  In SmartAsset’s study, D&B logged an average annual return of 73.42%, soaring above the national average of 5.52%.   The company held its initial public offering less than two years ago, and they have seen rapid physical expansion and revenue growth in that last two years. It opened 10 of its large-format entertainment centers in 2015, and has 83 centers in the U.S. and Canada. It has also signed a seven-store master development agreement for the Middle East.  The company plans to open another nine to 10 locations this year.

Almost 40 North Texas hotels are under construction, including the new Renaissance Hotel at Legacy West in Plano.  More than 16,000 additional hotel rooms are in the works in the Dallas-Fort Worth area – a 41 percent jump from a year ago, according to a new report from Lodging Econometrics.  Lodging Econometrics reports that there are currently 39 hotel projects under construction in the D-FW area, and 63 hotels are expected to start in the next 12 months.  D-FW currently ranks third in the country in hotel construction, behind New York (101 hotels) and Houston (41 projects).  Out of the hotels being built in North Texas, 29 are Marriott International flagged projects, Lodging Econometrics said.

Since 2009, Flower Mound has seen a net increase in jobs of 10,687.  In 2015, there were an additional 1,782 net jobs and already in 2016 Flower Mound has increased 1,487 jobs net.  Increased employment brings sales tax revenue and home sales!

The first Metroplex location for the popular Buc-ee’s Travel Center will open at the southwest corner of Texas 114 and Interstate 35W — across from the Texas Motor Speedway — at 6 a.m. Monday, 05/23/16, a store manager confirmed this week.  There are scheduled to be 240 employees at this location.  The north Fort Worth store will be the company’s 25th location, with another is scheduled to open later this year in Denton, on I-35 near Brinker. Most of the company’s stores are located in south Texas, with the closest store currently in Terrell.

Park Place Dealerships is about to break ground on a new Jaguar and Land Rover dealership on the south side of Texas 114, near Texan Trail, in Grapevine, with the facility expected to open in spring of 2017. Park Place Jaguar Land Rover will be built on 8 acres and will relocate the Park Place Jaguar business from Plano.

Park Place Jaguar Land Rover will feature a two-story building with  30 service bays, 12 “make ready” bays and a showroom that can hold 12 cars.  The service area will hold 9 vehicles and include a 2,800-sq-ft car wash.

The company already operates Park Place Lexus and Park Place Motorcars — the latter a Mercedes dealership — in Grapevine.

In recent months, the options for online shopping with curbside and home delivery have multiplied with Kroger, Wal-Mart, H-E-B Central Market and Amazon.com expanding and increasing online options in Texas.  Beginning June 1, 2016, Google Express becomes available in DFW also.  Google isn’t building its own fulfillment center, but instead will open their service throughout Texas in partnerships with Costco, Walgreens, Barnes & Noble and Whole Foods Market.


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