Company to add 12,000 stores globally – to a total of 37,000 – by 2021; Projects 10 percent revenue growth, 15-20 percent EPS growth and mid-single digit comp growth annually
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Under a long-term partnership, both parties intend to collaborate to develop and manage Banyan Tree-branded hotels around the world. Banyan Tree will also have access to AccorHotels’ global reservations and sales network, as well as its loyalty program Le Club AccorHotels.
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Four Seasons Hotels and Resorts and Edmond de Rothschild Heritag yesterday announced plans for the first Four Seasons mountain destination in Europe, opening in time for the 2018 winter ski season.
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CHICAGO (December 8, 2016) – The Grand Hyatt brand and multi-platinum, international recording artist Josh Groban have teamed up to spread holiday joy at the iconic Grand Hyatt New York with an…

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CHICAGO (December 7, 2016) – Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Regency Cartagena, the first Hyatt-branded hotel in Colombia. The opening of the first Hyatt…

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The Luxury Collection, part of Marriott International, Inc. (NASDAQ: MAR), today announced the signings of five flagship properties for the brand: the internationally-renowned boutique hotel The Wellesley and the exclusive The Westbury in London, Hôtel de Berri, a new alluring hotel in the heart of Paris, Cristallo Resort & Spa in Cortina, Italy, the first ski resort of the collection, and The Alexander in Yerevan, marking the brand’s debut in Armenia.
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Hilton Asuncion will form part of a 600,000-square-foot mixed use complex featuring a broadcasting building, corporate offices, Hilton branded residences and parking spaces. Scheduled to open in 2021, the hotel will operate 180 guest rooms and 50 Hilton branded residences.
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The entirely transformed contemporary resort features a reimagined arrival experience, six new dining options including HUMBLE MARKET KITCHIN by Roy Yamaguchi, three new distinct pool environments, and 547 redesigned rooms and suites, along with the total modernization of all indoor/outdoor meeting and event spaces, fitness center and spa.
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Grupo Nutresa, which purchased PJ Col S.A.S. in 2015 (PJ Col), recently entered into a development agreement to open an additional 28 units during a period of eight years in Medellin, Cartagena and Barranquilla. PJ Col currently operates 29 Papa John’s restaurants throughout Colombia.
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Tropical Smoothie Cafe announced today it signed a franchise development agreement with industry veterans Bill Rubyand Greg Powell to expand its presence in South Carolina. The partners will be opening six new cafes throughout the Upstate area, with the first location expected to open in Greenville during the first quarter of 2017.
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