International Dairy Queen, Inc. today announced the signing of a multi-unit development agreement to expand into the Republic of Korea with plans to open 50 DQ Grill & Chill locations within the next five years.
Source: New feed
The sale price of $217.5 million reflects a 19.9x EBITDA multiple and a 4.1% net operating income capitalization rate (after an assumed annual capital reserve of 4.0% of total hotel revenues) based on the hotel’s 2016 projected operating performance.
Source: New feed
Opened in 1960 as the Erawan Garden, the resort operates one of the nation’s most acclaimed spas and treatment facilities. Approaching an extensive multi-million dollar renovation, the 12,000-square-foot Well Spa will offer award-winning services in an intimate environment, and features 13 treatment rooms, seasonal offerings and a courtyard with two private salt water pools.
Source: New feed
Transaction Expected to Contribute More Than $3 million in Annual Revenue and be Accretive to Earnings
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Joseph P. Kennedy, president of Crystal Investment Property, exclusively represented the Seller in the sale of the Trollers Lodge located in Depoe Bay, Oregon. The new owner is planning capital improvements including renovation of the owners’ quarters and possibly construction of additional rooms.
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CHICAGO (December 20, 2016) — Hyatt Hotels Corporation (NYSE: H) today announced the opening of Andaz Delhi, marking the Andaz brand’s first hotel in India and 16th worldwide. Represented in…
Source: New feed
Following an extensive £4.5m refurbishment the hotel will trade as DoubleTree by Hilton Cheltenham in March 2017. Situated in Charlton Kings, the property will become the first hotel in the Hilton portfolio of brands to open in Cheltenham.
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Hilton (NYSE:HLT) today announced plans to introduce its Hilton Hotels & Resorts brand to the capital of Georgia with the signing of a management agreement with Granat LLC. The 206-guest room Hilton Tbilisi is set to open in early 2019.
Source: New feed
Construction on the 100+-room hotel is slated to begin in early 2017, with a spring 2018 opening. A major branded flag will be announced January 2017.
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Company signs multiple franchisee agreements and opens 9 new units
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