Bloomin' Brands, Inc. Refranchises 54 Company-Owned Locations to Longtime Franchise Partners

Bloomin’ Brands, Inc. (NASDAQ: BLMN) announced the sale and refranchising of 45 Outback Steakhouses in Arizona, Colorado, Nevada and New Mexico to Cerca Trova Restaurant Concepts, Inc. and its affiliates, along with eight Outback restaurants and one Carrabba’s Italian Grill in Montana, South Dakota, Utah and Wyoming to Evergreen Restaurant Group LLC.
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Viceroy Da Nang Vietnam Hotel Announced for 2020

Set to open in 2020, Viceroy Hotel Group shared a first look at upcoming Viceroy Da Nang Vietnam, a five-star hotel found at the heart of the soon-to-come Cocobay entertainment and hospitality hub.
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Hospitality Investors Trust Completes Acquisition of Seven Hotels from Summit Hotel Properties for $66.8 Million

The seven hotels in the Summit Portfolio consist of 651 keys and were acquired for an aggregate purchase price of $66.8 million. All the properties in the portfolio have long term franchise agreements with one of the following brands: Marriott International (Courtyard, Residence Inn and Fairfield Inn), Hilton Hotels (Homewood Suites) or IHG (Staybridge Suites).
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