The property is located in Georgia and is occupied under a triple-net lease with approximately 7 years of term remaining. The transaction was priced at a 6.8% going-in cash cap rate, exclusive of transaction costs.
Source: New feed
Month: August 2019
HOSDI Announces the Launch of a Revolutionary Hotel Management Company Aimed at Transforming the Hospitality Industry
HOSDI is an exciting new hotel company providing third party management for hotel owners, as well as offering industry-leading sales support and feasibility studies
Source: New feed
Balfour Beatty Signs $780 Million Construction Agreement to Deliver Broward County Convention Center Expansion and Headquarters Hotel
Balfour Beatty has signed a $780 million construction agreement with Matthews Southwest to serve as design-build lead for the expansion of the Broward County Convention Center and new construction of an 800-room, four-diamond Omni Hotel.
Source: New feed
Hyatt Place Santa Barbara Celebrates Official Opening
SANTA BARBARA, Calif. (August 2, 2019) – Hyatt Place Santa Barbara is officially open. The new hotel features the Hyatt Place brand’s intuitive design, casual atmosphere and practical…
Source: New feed
Hyatt Announces Plans for New Hyatt Regency Adelaide
CHICAGO (August 2, 2019) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with CES Pirie Hotel (SA) Pty Ltd., an entity wholly…
Source: New feed
New World of Hyatt Mobile App Provides Loyalty Members With a More Personalized and Seamless Travel Experience
CHICAGO (August 1, 2019) – Hyatt Hotels Corporation (NYSE: H) today announced a redesigned World of Hyatt mobile app with new features that enable loyalty members to customize their stays and…
Source: New feed
Chill-N Nitrogen Ice Cream Launches National Franchise Program
South Florida's First Nitrogen Ice Cream Concept to Focus on Brand Expansion Throughout the Southeast
Source: New feed
The Park Hyatt Brand Celebrates Debut of Park Hyatt Shenzhen
CHICAGO (August 1, 2019) –– Hyatt Hotels Corporation (NYSE: H) announced today the opening of Park Hyatt Shenzhen. Sitting atop a 48-story skyscraper in the heart of the Futian central…
Source: New feed