IHG has made its foray into Micronesia following the signing of an agreement with owner Tan Holdings to take on management of Fiesta Resort Guam. The hotel will join the IHG system from today and will rebrand as Crowne Plaza Resort Guam in early 2021, following an extensive, multi-million dollar refurbishment.
Source: New feed

Known for operating some of the most luxurious, exclusive hotels in the world, the Aman group will commence work on a new hotel in Croatia at the end of the year following a EUR 50 million investment from Greek businessman Petros Stathis.
Source: New feed

CBL Properties (NYSE:CBL) and Vision Hospitality Group, Inc. today announced that construction has commenced on the 135-room Aloft by Marriott in Chattanooga, Tennessee, as part of the Sears redevelopment project at Hamilton Place. The new hotel marks the brand’s entrance into the Chattanooga market.
Source: New feed

Queensgate Investments has acquired Freehand Hotels from a seller consortium including The Yucaipa Companies and Sydell Group for circa USD 400M.
Source: New feed

Apple Hospitality REIT, Inc. (NYSE: APLE) announced the acquisition of a 55-room independent boutique hotel in Richmond, Virginia, for a purchase price of approximately $7 million, or $125,000 per key.
Source: New feed

With 1,341 rooms now in its inventory, the purchase makes Columbia Sussex the largest full-service, year-round hotel operator in the state.
Source: New feed

Situated in the commercial and cultural capital of Goa, surrounded by some of the best beaches and major corporate hubs, Ginger Madgaon has 47 rooms, an all-day dinner, a meeting room and fitness center.
Source: New feed

Uber Technologies, Inc. (NYSE: UBER) today announced an agreement to acquire majority ownership of Cornershop, a leading online grocery provider in Chile, Mexico, and more recently in Peru and Toronto.
Source: New feed

Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) announced it has acquired Maple Street Biscuit Company in an all-cash transaction for $36 million.
Source: New feed

The property is located in Alabama and is occupied under a triple-net lease with a fifteen-year term.
Source: New feed