Hyatt Hotels Corporation (NYSE: H) yesterday announced that a Hyatt affiliate has sold Hyatt Regency Birmingham for approximately £38.6 million to an affiliate of Bin Otaiba Investment Group. The purchaser will also spend approximately £2.7 million in additional capital expenditures to further improve the property over the next three years.
Source: New feed
Month: September 2016
Marriott Announces Cash Change of Control Repurchase Offer for Starwood 7.150% Senior Notes due 2019 and Starwood 3.125% Senior Notes due 2023
Marriott Announces Cash Change of Control Repurchase Offer for Starwood 7.150% Senior Notes due 2019 and Starwood 3.125% Senior Notes due 2023
Source: New feed
AC Hotel Nulu in Louisville to Break Ground in the First Quarter of 2017
Concord Hospitality Enterprises Company announced yesterday that it plans to open Kentucky’s first AC Hotel by Marriott in the trendy Nulu neighborhood in downtown Louisville.
Source: New feed
Le Méridien Etoile Hotel in Paris Completed Renovation Program
From the birthplace of the brand, Le Méridien Hotels & Resorts – part of Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) – today marked a milestone as its first-ever hotel and celebrated flagship in Paris revealed the completion of its multi-million dollar renovation.
Source: New feed
Hyatt Announces Sale of Hyatt Regency Birmingham in the United Kingdom
CHICAGO (September 22, 2016) – Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has sold Hyatt Regency Birmingham for approximately £38.6m to an affiliate of Bin Otaiba…
Source: New feed
Starwood Specialty Select Brands Power Record-Setting Global Growth with 132 Hotel Deals Signed and 30 Hotels Opened So Far in 2016
Aloft, Element and Four Points by Sheraton on Track to Sign all-time High Record Number of New Deals in 2016
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Hyatt Announces Plans for a Hyatt Regency Hotel in Phnom Penh, Cambodia
CHICAGO (September 21, 2016) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Chip Mong Group for a Hyatt Regency hotel in…
Source: New feed
Hotel Capitalization Rates Generally Flat According to USRC Hotel Investor Survey Mid Year 2016
The results of our Mid Year 2016 Hotel Investor Survey continue to show strength in investor interest in the hotel sector, but overall investment parameters have generally flattened. Most capitalization and discount rates were slightly stronger than the last survey (Winter 2016), but similar to the results a year ago.
Source: New feed
Holiday Inn Dubai Science Park Hotel Announced for 2019
The newly built hotel will operate under a management agreement with an affiliate of the Rolaco Group, who also own InterContinental Dallas, InterContinental Semiramis, InterContinentalGeneva, Crowne PlazaGeneva, and Crowne Plaza Zurich.
Source: New feed
Brusters Real Ice Cream Inks Franchise Deals for 15 New Stores
Frozen treat chain growing in California, Georgia, Pennsylvania, Mississippi, Tennessee and Texas
Source: New feed