Four Points by Sheraton Monrovia to become first internationally-branded hotel in Liberia
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MCR, the sixth-largest hotel owner-operator in the United States, has acquired the 116-room Hampton Inn & Suites Chicago/Waukegan.
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CBL Properties (NYSE:CBL) and Vision Hospitality Group, Inc. today announced plans to develop a 135-room Aloft by Marriott in Chattanooga, Tennessee, as part of the Sears redevelopment project at Hamilton Place.
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Park Hotels & Resorts Inc. (NYSE:PK) last week announced that it has closed on the sale of the 563-room Pointe Hilton Squaw Peak Resort located in Phoenix, AZ, for gross proceeds of $51.4 million, or $91,200 per key before customary closing costs.
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New hotels will mark debut in Liberia while strengthening presence in Morocco and Ghana
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The property is located in Texas and is occupied under a triple-net lease with approximately 8 years of term remaining and 2.5% annual rent increases. The transaction was priced at a 6.75% going-in cash cap rate, exclusive of transaction costs.
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The six hotels: Radisson Collection Hotel Cairo Heliopolis, Radisson Blu Serviced Apartments Cairo Heliopolis, Radisson Blu Hotel Cairo Golf City, Radisson Hotel New Cairo, Radisson Hotel & Resort Ain Sokhna and Radisson Blu Hotel & Resort Makadi Bay, Hurghada will mean Radisson Hotel Group becomes one of the largest international operators in the country.
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Today, Scandic signed an agreement for the sale of Scandic Hasselbacken in Stockholm. The selling price amounts to around 230 MSEK on a debt-free basis. The transaction is expected to result in a capital gain of approximately 180 MSEK for Scandic. The new owners will take over the operation of the hotel on March 1, 2019.
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Valencia, Calif. (February 7, 2019) – Hyatt Regency Valencia and Dimension Development are proud to announce the completion of an expansive transformation of Hyatt Regency Valencia, and…

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Hyatt and S.D. Malkin Properties, Inc. yesterday held a groundbreaking ceremony in Oceanside, California on the site where two new properties are expected to open under the Joie de Vivre Hotels and Destination Hotels brands in late 2020.
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