$110 Million Hilton Nairobi Upper Hill Hotel Marks Hilton Hotels & Resorts’ 50th Property in Africa
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CHICAGO (October 10, 2016) – Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Regency Tashkent, the first Hyatt-branded hotel in Uzbekistan. The opening of Hyatt Regency…

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Marriott International, Inc. (NASDAQ: MAR), last week announced plans for the construction of three new hotel properties in Cape Town, in partnership with the Amdec Group.
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At the 2016 AHIF (Africa Hotel Investment Conference), Carlson Rezidor announced the signing of five new Park Inn by Radisson hotels in Angola’s major cities of Luanda, Cabinda, Benguela, Lubango and Namibe. The agreement was concluded with the Instituto de Fomento Turistico de Angola (InfoTur), a public institution charged with promoting tourism in the country.
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This December, the Park Inn by Radisson Trysil Mountain Resort will be rebranded to Radisson Blu Mountain Resort & Residences.
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Golden Gate Capital Retains Majority Ownership and Control of Red Lobster
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The final acquisition price amounts to MEUR 55, corresponding to approximately MSEK 530. The acquired hotel is consolidated and reported under the business segment Operator Activities as of 10 October, 2016.
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The Global Hospitality Group of Jeffer Mangels Butler & Mitchell LLP announced the recent closing of two hotel deals for their clients, Great Wolf Resorts and Wurzak Hotel Group. Jim Butler, Chair of the Global Hospitality Group, and David Sudeck, a senior member, led the transactions and associated EB-5 financing.
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Marriott International Introduces Three New Brands to Cape Town
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AC by Marriott Dallas North and Residence Inn by Dallas North, Located Just One Block From Galleria Dallas, Are Set to Debut in Spring 2018
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