USA Pro Challenge Generates Millions for Colorado Economy

USA Pro Challenge pic According to an international sports research group, the annual USA Pro Challenge cycling race pumped more than $130 million into the Colorado economy in 2014. The seven-day race, which takes cyclists through the Rocky Mountains, is one of the largest cycling events in the United States. Thousands of spectators travel to the Denver area each year to enjoy the combination of professional cycling and stunning natural scenery.

Sponsorship Science, which conducted the economic impact study, reported that fans who traveled more than 50 miles to the race spent 12 percent more on food, transportation, entertainment, and lodging in 2014 than in the previous year. The report attributed the increase to fans booking longer hotel stays and to higher hotel fees.

“This race showcases Colorado to the world and creates an incredible economic impact locally that can be felt throughout the year,” restaurant financier Rick Schaden, who founded USA Pro Challenge, told a media outlet.

Schaden also noted that the 2013 race generated increased television viewership. NBC, Universal Sports, and NBC Sports Network aired 30 hours of the race, which was watched in more than 175 countries and territories.

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Tom’s Urban Set to Launch New Location on Las Vegas Strip

Toms Urban logo pic Scheduled to open in winter 2014, the newest Tom’s Urban location will open its doors on the Las Vegas Strip at the New York-New York Hotel & Casino. The Consumer Capital Partners’ restaurant first opened its doors in Denver in 2012, before launching a second location at Los Angeles’ L.A. LIVE plaza. Serving classic comfort foods with an international, modern twist, Tom’s Urban offers a relaxing atmosphere to meet, eat, and drink.

At Tom’s Urban New York-New York location, guests will enjoy a full restaurant and bar with both indoor and outdoor seating, and an open view of The Strip from the expansive patio section. The menu will present an eclectic variety of seasonally inspired, locally sourced dishes and cocktails, including signature plates developed exclusively for the restaurant’s Las Vegas location. Among the restaurant’s specialties will be butter-poached lobster and shrimp tacos, bratwurst breakfast sliders, and Xiangxiang crispy duck wings. Additionally, the restaurant’s selection of handcrafted cocktails will include an array of innovative creations served in both traditional and large sizes.

Smashburger Signs Deal to Expand into New England

Smashburger logo pic Smashburger recently entered into a franchise agreement with the Mohegan Tribe of Indians of Connecticut to open 16 new restaurants throughout lower New England. Matt Stanton, the vice president of development and strategy at Smashburger, expressed excitement about working with the tribe as the brand expands into the Northeast. The agreement includes locations in New London, Tolland, Middlesex, Litchfield, and Windham Counties in Connecticut. In addition, Smashburger will open locations in Rhode Island and western Massachusetts in partnership with the tribe.

Smashburger serves “better burgers,” which are carefully crafted from 100 percent certified Angus beef and topped with fresh, natural condiments, as well as hand-spun milkshakes, salads, and other items. The chain also commonly partners with nearby microbreweries to pair unique beers with its menu offerings.

The partnership with Smashburger represents the third major business move for the Mohegan Tribe in recent months. The tribe has actively sought to diversify its opportunities, making it a perfect partner for Smashburger, which has sought experienced multi-unit operators in regions around the United States to drive its expansion goals.