The Rezidor Hotel Group and prizeotel announced their first joint hotel project in Bern, Switzerland. The 188 room hotel will be located at the former Swiss Post headquarters at Viktoriastrasse in Bern.
Source: New feed
Nobu Hotel Miami Beach announced the completion of the mobilization phase of the $12 million Miami-Dade County Beach Erosion Control and Hurricane Protection Project, which will add an additional 200 feet to Nobu Hotel Miami Beach’s shore.
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Construction of Park Hyatt Kyoto is scheduled to begin at the end of 2016 with a targeted completion date of 2019. The construction and design will be overseen by Takenaka Corporation with interior designs by Tony Chi and Associates.
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Outrigger Hotels and Resorts (Outrigger) and KSL Capital Partners, LLC (KSL) announced today that affiliates of the companies have signed a purchase and sale agreement for an affiliate of KSL to acquire Outrigger. The transaction includes all 37 of Outrigger’s multi-branded portfolio of hotels, condominiums and vacation resort properties.
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Developed in partnership with Nozul Algarve, S.A., the vibrant oceanfront oasis will overlook the breathtaking coastline and the beckoning waters of the Atlantic Ocean. The debut will mark the third W Escape in the Europe.
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The 25hours Hotel Company was founded by the initiators Stephan Gerhard, Ardi Goldman, Christoph Hoffmann and Kai Hollmann. There are currently eight hotels in Hamburg, Frankfurt, Berlin, Zurich and Vienna being managed under the 25hours brand. A further five hotels are planned to open in the next two years in Zurich, Munich, Cologne, Düsseldorf and Paris.
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Record setting sales momentum continued through the third quarter of 2016 with year-to-date hotel transaction volume of $3.86 billion. Download the Q3 Transaction Report which includes a feature article on the Canadian dollar’s impact on the tourism industry.
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As part of the transaction, Parikh Network also purchased 18 ARG-owned Arby’s restaurants in the Baltimore, MD and Harrisburg, PA markets from which to grow their Arby’s business.
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Marriott International Reports Third Quarter 2016 Results
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Four Corners Property Trust (NYSE:FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties, announced the acquisition of two Arby’s properties in Wake Forest, North Carolina and South Hill, Virginia for $4.3 million.
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