Marriott International (NASDAQ: MAR) today announced record organic rooms signings in 2018, ending the year with a record global pipeline. In 2018, the company signed management and franchise agreements for 816 properties, comprised of 125,000 rooms, while opening nearly 500 properties comprised of more than 80,000 rooms around the world across its portfolio of 30 brands.
Source: New feed
IHG (InterContinental Hotels Group) has signed a management agreement with B&G Estate Co., Ltd. for a new-build voco in Bangkok, Thailand – the first to be announced in South East Asia.
Source: New feed
CHICAGO (January 21, 2019) – Hyatt Hotels Corporation (NYSE: H) announced today the entry of the Hyatt House brand into the Middle Eastern market with the opening of Hyatt House Jeddah Sari…
Source: New feed
Louvre Hotels Group announced the upcoming opening of more than 12 hotels, in 12 cities and 800 Kyriad Direct rooms in France, by early 2019.
Source: New feed
Nine Locations Planned
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The purchase price for the eight properties was approximately $9.4 million and represents a capitalization rate consistent with our investment thresholds and past transactions. The leases have a current weighted average remaining term of approximately 8.5 years.
Source: New feed
Following the settlement of the Offer and subject to the final confirmation of the number of shares submitted by the investors in the Offer, AccorHotels will own, directly and indirectly, 85.8% of Orbis’ share capital.
Source: New feed
Mondrian Polanco Hotel & Residences to Debut in 2021 Followed by Mondrian Del Valle in 2022
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Dillashaw, an avid juicer and organic food advocate, recently agreed to a multi-unit Franchise Agreement that will bring additional stores to the California and Colorado markets under his ownership.
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A Church's Chicken in Jackson, Mississippi has announced a domestic transfer of its restaurant from father to sons. Ron Craddock opened the 100 East Presley Boulevard location over 20 years ago and is now passing it on to his sons, Ben and David Craddock.
Source: New feed