India’s hospitality industry may be one of the heavily taxed sectors in the country, but that has not deterred global investors from looking at key properties in the country.
Source: New feed
JLL’s Hotels & Hospitality announced that the firm has arranged the sale of Four Seasons Resort Bora Bora in French Polynesia on behalf of developer, Thierry Barbion, and Alatau Hospitality, investment fund of Lancaster Group Kazakhstan led by Kassym Abzhanov, to a private equity hospitality fund led by Gaw Capital.
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pentahotels yesterday announced a new management agreement with The Nest Property Company Ltd., a subsidiary of PM Group, to open the first pentahotel in Bangkok, Thailand in 2020. pentahotel Bangkok, Ploenchit, will be located in Lumpini in the central business area of Bangkok.
Source: New feed
Northridge Capital, LLC, owner of the Sky Hotel in Aspen, Colorado, in partnership with local developer Sarpa Development, announced that it closed last month on construction financing for its redevelopment of the property, prominently located at the base of Aspen Mountain in the heart of town, obtained construction permits from the City of Aspen, and broke ground on the project on Friday, May 26.
Source: New feed
Fast-Casual Sushi Concept Owned by Hapa Sushi Grill Set to Open in the Popular Open-Air Dining, Shopping & Entertainment Center on the 16th St. Mall
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Hilton (NYSE: HLT) today announced the opening of Sanya Yazhou Bay Resort, Curio Collection by Hilton, the first Curio Collection property in Greater China and Asia Pacific to join the collection brand.
Source: New feed
Expects to Regain NYSE Compliance
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CHICAGO (June 8, 2017) – Hyatt House Mexico City/Santa Fe opens today, marking the first opening of a Hyatt House hotel in Mexico and Latin America. With the new property, the Hyatt House brand…
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The final purchase price, after adjustments for certain agreed upon terms, including a reduction in the price by the amount that the resort’s EBITDA exceeded capital expenditures for the period from November 1, 2016 through closing, was $41 million.
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Dunkin’ Donuts announced today the signing of a multi-unit store development agreement with franchisee Sandwich Group, Inc., to develop nine Dunkin’ Donuts restaurants in St. Louis, Missouri, including one multi-brand location with Baskin-Robbins. The group’s first restaurant is planned to open in 2018.
Source: New feed