Stonehill yesterday announced that it has closed 15 transactions totaling over $250 million through Q3 2017 and expects to close on an additional $100 million by year’s end. The transactions include ten bridge loans, two permanents loans, two preferred equity investments and one mezzanine loan.
Source: New feed

Scheduled to open in 2018, the restored luxury hotel will be located in the heart of Australia’s island state capital
Source: New feed

Minor Hotels announced a 50/50 joint venture partnership with B&G Park Co. Ltd, to own and operate a resort in the beachside town of Hua Hin in Thailand. Currently operating as Ananda Hua Hin Resort & Spa, the property will be rebranded to AVANI Hua Hin Resort & Villas on November 20, 2017 and represents an investment of USD 22.5 million by Minor Hotels.
Source: New feed

JHM Hotels today announced that the company will transition into four new independent hotel companies, paving the way for the second generation of the successful family business.
Source: New feed

WoodSpring also announced that the company plans to open an additional 45 hotels (35 franchised, 10 corporate owned and operated) in 2018, has executed 23 deals year-to-date and has over 25 deals in the sales pipeline across the U.S., making it a record development year for the brand.
Source: New feed

Ruth’s Hospitality Group, Inc. (RHGI) (Nasdaq:RUTH) announced the acquisition of six Hawaii Ruth’s Chris Steak House locations from longtime franchise partner Desert Island Restaurants.
Source: New feed

Starbucks (NASDAQ: SBUX) today announced entry into a definitive agreement for Unilever to acquire the assets of the Tazo brand including its signature recipes, intellectual property and inventory for $384 million. In turn, Starbucks will drive a single tea brand strategy and focus with its super premium tea brand, Teavana.
Source: New feed

CHICAGO (November 2, 2017) – Hyatt Hotels Corporation (NYSE: H) announced today the entry of the Hyatt House brand into the Turkish market with the opening of Hyatt House Gebze. The opening of…

Source: New feed

Kerzner International Holdings Limited has entered into a partnership agreement with Dolphin Capital Partners and Dolphin Capital Investors, for the development of One&Only Kéa Island resort in Greece, inclusive of long-term management.
Source: New feed

Created through a partnership between Ian Schrager and Marriott International, the EDITION brand is slated to grow exponentially from a collection of four to eleven properties by the end of 2018.
Source: New feed