The sales price, inclusive of buyer's estimated anticipated capex of $2.5 million, represents a trailing twelve-month cap rate of 5.9% on net operating income and a 14.3x Hotel EBITDA multiple as of October 31, 2019.
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Named Citizens, C3's new concept will bring together a curated collection of established and new proprietary culinary brands at two full-service restaurants, multiple bars and a fast-casual market hall. The 40,000-square-foot venue, located in Five Manhattan West, will be designed by award-winning interior designer David Rockwell.
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The New Haven Hotel features 135 guestrooms and suites, a fully-equipped business center and fitness center, complimentary high-speed wireless internet access, as well as a 24/7 grab-and-go market.
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Gencom today announced the acquisition of Hacienda AltaGracia, Auberge Resorts Collection, a high-end resort in the mountains of Pérez Zeledón in the southern region of Costa Rica. The resort was originally conceived and developed as a family retreat and coffee farm in a storied agricultural town and has consistently ranked among the top resorts in Central America since aligning with Auberge Resorts Collection in 2015.
Source: New feed
Del Taco Restaurants, Inc., (NASDAQ: TACO) yesterday announced the refranchising of all eight company-operated restaurants in the Reno, NV market to existing franchisee Mark Miller of 3 Brothers Restaurants.
Source: New feed
Hotel will reopen as Capri Palace, Jumeirah in April 2020
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Hilton (NYSE: HLT) today announced the signing of a franchise agreement with Palacio de Arozteguia S.L. to open Hotel Palacio de Arozteguia Baztan, Curio Collection by Hilton, the first Curio Collection hotel in Northern Spain.
Source: New feed
Hyatt Hotels Corporation (NYSE: H) announced today that more than 20 new luxury hotels and resorts are expected to open worldwide by the end of 2020, boosting Hyatt’s luxury portfolio. The additions include new properties under the Park Hyatt, Andaz, Alila, Grand Hyatt, Miraval and The Unbound Collection by Hyatt brands.
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Family dining brand continues to execute its growth strategy with opening of its first Kansas location; opens new diners in Arizona, Missouri and Texas expanding its national footprint
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Currently operating as 'Hotel Verve Bangkok', the property will be rebranded as 'Hotel JAL City Bangkok' and reopened as an Okura Nikko Hotel Management property from 2nd quarter of 2020. The agreement was signed on November 15, 2019.
Source: New feed