Marriott Failed to Meet the Termination Threshold of 80% of Owner’s Priority Return through August – Failure to Pay the Shortfall Will Trigger SVC Termination Rights
Source: New feed
Month: September 2020
Colony Capital Sells Hospitality Portfolios for $2.8 Billion
The six portfolios consist of 22,676 rooms across 197 hotel properties.
Source: New feed
FCPT Announces Sale Leaseback of a LongHorn Steakhouse Property for $3.2 Million
The property is located in Florida and is occupied under a triple-net lease with five years of term and annual rent increases of 1.5%.
Source: New feed
Hyatt Place Moncton-Downtown Celebrates Official Opening
MONCTON, New Brunswick (September 24, 2020) – Hyatt Place Moncton-Downtown, the first Hyatt Place branded hotel in Atlantic Canada is officially open, expanding the Hyatt Place brand’s…
Source: New feed
Hyatt Expands "Work From Hyatt" Package To New Hotels Across North America And The Caribbean
Guided by its purpose of care and commitment to listening to guests and members, Hyatt recently launched the Work From Hyatt extended-stay package that gives families, couples and individuals a…
Source: New feed
Hyatt and Sun Hung Kai Properties Limited Announce Plans for a New Andaz Hotel in Shanghai
SHANGHAI / HONG KONG (September 24, 2020) – Hyatt and Sun Hung Kai Properties Limited (HKSE: 0016.HK) today announced plans for a new Andaz hotel – Andaz Shanghai ITC – to be located in…
Source: New feed
FCPT Announces Acquisition of a Texas Roadhouse Property for $3.8 Million
The property is located in a strong retail corridor in Illinois and is occupied under a triple-net lease with the corporate operator.
Source: New feed
Four Seasons Announces Plans for a 2,000 Acre Resort on the Pacific Coast of Mexico
Four Seasons Resort Tamarindo will be set on more than 800 hectares (2,000 acres) of lush landscape in the State of Jalisco.
Source: New feed
Edward C. Denton, Denton Realty Company, Joins Hotel Brokers International
Mr. Denton is President of Denton Realty Company and serves as the principal advisor to the firm's clients. His real estate practice includes traditional brokerage as well as consulting for investors, developers, and lenders on matters such as underwriting, franchising, complex deal structuring, and distressed asset resolutions. Denton Realty Company is licensed in Virginia and North Carolina. Mr. Denton will chair HBI’s newly formed Distressed Assets Task Force.
Source: New feed
HALL Arts Hotel in Dallas Joins the Curio Collection by Hilton
Opened in December 2019 and developed by Craig and Kathryn Hall, proprietors of California's award-winning HALL, WALT and BACA Wines and founders of Dallas-based real estate company HALL Group, HALL Arts Hotel is the first hotel in the Dallas Arts District, the country's largest contiguous arts district.
Source: New feed