Tony De George, President of Greene, Canfield, De George, LLC, advised on the sale of the 100-room Motel 6 in Tampa which sold for $5,600,000. De George represented both the Seller and Buyer in the purchase of the hotel.
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Separation on Track to Be Completed on October 31, 2016 – Dividend Increased 11%
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Carbonleo announced a partnership with Four Seasons Hotels and Resorts to build a Four Seasons hotel and private residences on de la Montagne Street. This project, located in a pivotal, vibrant area of Montreal, represents an investment of $250 million and will become a unique and exciting destination for Montrealers and visitors alike.
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Today West Elm announced the expansion into the travel and hospitality industry with the launch of West Elm HOTELS, a partnership with hospitality management and development company DDK. The first properties are expected to be located in Detroit, Michigan; Minneapolis, Minnesota; Savannah, Georgia; Charlotte, North Carolina; Indianapolis, Indiana, and are planned to begin opening in late 2018.
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Slated to open in Spring of 2018, the property is part of the new 58 acre mixed-use development which will encompass 400,000 square feet of retail space, 150,000 square feet of offices, and 90 apartments at Interstate 271 and Harvard Road in Beachwood, Ohio.
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Following a $40 million transformation, St. Louis Union Station Hotel, Curio Collection by Hilton offers business and leisure guests 539 luxurious rooms and suites in what was once the largest and most ornate railway terminal in the United States with some guest room floors designed and furnished with a railroad theme.
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Bruster’s Real Ice Cream is kicking off a campaign to recruit new franchisees in the Piedmont Triad. Bruster’s, consistently ranked among America’s favorite ice cream shops, is offering new Triad franchisees 50 percent off its standard fee.
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Ruby Tuesday, Inc. (NYSE: RT) last week announced that it has entered into an agreement with Altar’d State to sell its Church Street property for $2.8 million. The 40,000 square foot building is located at 150 W. Church Avenue in Maryville, TN. The completion of the transaction is targeted for October 2016, subject to customary closing conditions.
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The launch of the combined, iconic companies, to be known as “BENCHMARK”, a global hospitality company, will include over 70 unique and distinctive hotels, resorts and conference centers, 8,000 guestrooms, 10,000 employees and a combined management team of highly respected hospitality executives from both companies.
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Hyatt Hotels Corporation (NYSE: H) announced last week that a Hyatt affiliate has entered into a management agreement with Chip Mong Group for a Hyatt Regency hotel in Cambodia’s capital, Phnom Penh. Expected to open in 2020, Hyatt Regency Phnom Penh will mark the first Hyatt Regency hotel in Cambodia, and will add to Hyatt’s growing footprint in Southeast Asia.
Source: New feed