The hotel will be located in a high rise building in the Yaesu 2-Chome North District Category-I Urban Redevelopment Project, occupying the 39th to the 45th floors.
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Glenmont Capital Management, LLC, a New York-based real estate investment firm led by Managing Principal, Lawrence A. Kestin, announced the acquisition of the 241-key Holiday Inn Express & Suites Detroit Downtown. The property will undergo a comprehensive $10 million renovation and upon completion will be rebranded to a Hotel Indigo. Construction is scheduled to commence in late 2018.
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New 234-Room Destination is Underway at 560 Seventh Avenue; Will Feature Signature Dining Options, Retail Space, a Rooftop LandShark Bar & Grill and Pool, & More
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Meliá Hotels International has just announced, during the main tourism fair of the Arab market (the ATM of Dubai), two new hotels that will open throughout this year in the United Arab Emirates and Morocco.
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Destination Resort Invests $15 Million to Develop a Unique Sleeping Under the Sea Experience Debuting Q4 2018
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The Wendy’s Company (NASDAQ: WEN) has announced a 2020 goal of opening more than 600 new restaurants across the globe. As part of its efforts to grow and differentiate the brand while keeping energy stewardship at the forefront, Wendy’s recently unveiled a new ‘Smart Family of Designs,’ providing a portfolio of development options to franchisees, including buildings that fit into smaller footprints.
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Strategic Property Partners, LLC last week announced plans to bring Marriott International’s brand, EDITION, to Tampa. The 173-room hotel will be part of a 26-story tower in the heart of the Water Street Tampa neighborhood, which will also feature a newly built JW Marriott planned to open the prior year.
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Solid economic and financing conditions, an all-time high in tourist arrivals, and favorable hotel supply/demand dynamics supported near record transaction volume in 2017 of $3.5 billion. Canada continued to be a natural destination for global capital with foreign buyers investing more than $1.35 billion into Canadian lodging real estate.
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IHG (InterContinental Hotels Group) announced the signing of two new hotels in Giza, Egypt – Holiday Inn Giza Sun Capital and Staybridge Suites Giza Sun Capital, in partnership with Arabia Hotels, a subsidiary of Arabia Holding.
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Rezidor Hotel Group AB (REZT), publicly listed on Nasdaq Stockholm, Sweden and part of Radisson Hotel Group, announced the signing of the first ever Radisson RED in the Nordics, scheduled to open in Iceland’s capital, Reykjavik, by 2020.
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