Two Roads Hospitality today announced the expansion of Alila Hotels & Resorts into North America. Singapore-based Alila, which became part of the Two Roads Hospitality portfolio in June 2015 will open its first North American resort property in California’s Big Sur in fall 2017.
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Sunstone Hotel Investors, Inc.) (NYSE: SHO) announced that it has acquired the fee-simple interest in the 175-room Oceans Edge Hotel & Marina in Key West, Florida for $175 million. In addition, the Company announced that it had recently completed the disposition of the 199-room Marriott Park City in Park City, Utah for a gross sale price of $27.6 million.
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Thailand-based Dusit International has signed a management agreement with Ha Dat Company Limited to operate dusitD2 Vung Tau, the first dusitD2 branded property in Vietnam, slated to open in Q2 2018.
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This article discusses why hotels are consistently among the investments most favored for EB-5 financing, and why they are likely to remain so for some time to come.
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InterContinental Hotels Group (IHG) has signed a dual-brand management agreement with PT. Graha Agung Indahsentosa to debut two hotels, Holiday Inn Resort Bintan Lagoi Beach and Hotel Indigo Bintan Lagoi Beach in Bintan, Indonesia. Set to open in 2019, the new-build hotels will be situated in the prime Lagoi Bay area.
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The properties are located in Indiana and occupied under individual triple-net leases with new 20-year terms, which were negotiated by FCPT prior to closing.
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Hilton (NYSE: HLT) has signed a franchise agreement with Lingotto Hotels S.r.l., which will see NH Lingotto Tech hotel become part of the DoubleTree by Hilton brand in early 2018.
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The waterfront hotel, which has its own private beach and views of the Western Taurus Mountains, will have six restaurants, four bars, outdoor and indoor swimming pools, spa facilities, a fitness center, a tennis court and three conference rooms.
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Brett Morganti, CCIM, serves as the Managing Broker of the Hospitality Division for Ascent Real Estate and the firm’s primary contact for hospitality advisory services. Mr. Morganti’s business career spans more than 20 years and he and his colleague, Dan Emert, Broker Associate, specialize in business sales and cash-flow properties with a particular focus on hospitality properties.
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EVEN Hotel Auckland is scheduled to open in 2020 and is the first of the brand to be signed outside of North America. It is also the first in Pro-Invest Group’s portfolio of 10-15 EVEN Hotels across the capital cities and economic hubs in Australia and New Zealand, in partnership with IHG.
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