The portfolio is located in Alabama and occupied under two, identical, triple-net master leases to one of the largest franchisees in the country with approximately 14 years of term remaining and annual rent increases of 2%.
Source: New feed
The Naples Hotel Group announces the topping out of the TownePlace Suites by Marriott in Plant City, FL. Naples Hotel Group has the contract to oversee development and management with owners Thonotosassa Crossings LLC.
Source: New feed
CHICAGO (December 9, 2020) – Hyatt Hotels Corporation (NYSE: H) today announced that Mark Hoplamazian, president & CEO, has been appointed chair of the board of the American Hotel & Lodging…
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Marriott, together with investment firm EGI Business Group, adds to its growing portfolio in Latin America with the introduction of AC Punta Cana in the Spring of 2021. The property will be the first project from EGI Business Group in the Caribbean, the first AC Hotel in the Dominican Republic, and will be managed by Highgate.
Source: New feed
Smoothie Franchise Aiming to Add 15 Stores a Year for Next Several Years
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Three new hotels planned, including Hilton Porto Gaia, Legacy Hotel Cascais, Curio Collection by Hilton and DoubleTree by Hilton Lagoa Azores; New projects represent a combined investment of EUR60 million
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Kings Island Camp Cedar, a year-round, luxury outdoor resort, will open spring 2021 as the official lodging destination for Kings Island Amusement Park in Mason, Oh.
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AMJ Group Announces Plans for First Hyatt-branded Hotel in Gainesville, Florida
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The 79-room luxury boutique hotel will be located next to one of the island's most renowned golf courses, Santa Ponsa Golf, on the site of the existing Santa Ponsa Country Club.
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Loan pricing and terms reflect healthier market conditions for large and mid-sized players
Source: New feed