Radisson Hotel Group announced the signing of Radisson Hotel Middelburg as part of the Group’s expansion plan in South Africa. Set to open at the end of 2023, the hotel brings the Group’s South African portfolio to 16 hotels in operation and under development.
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Month: August 2021
Peachtree Hotel Group Acquires More Than $1 Billion of Stressed and Distressed Assets
Peachtree Hotel Group announced that it had acquired more than $1 billion in stressed and distressed real estate assets since June 2020.
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HVS Europe Hotel Transactions Bulletin Week Ending 9 August 2021
A summary of European hotel transactions provided by HVS
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Apple Hospitality REIT Sells 20 Hotels for $211 Million
Flynn Properties Inc, owner of commercial real estate, luxury resorts and select service hotel properties in America and abroad, in a joint venture with Värde Partner today announced that it has acquired 20 select service hotels – 11 Marriott and nine Hilton branded locations – in a $211 million deal with Apple Hospitality REIT (NYSE: APLE).
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FCPT Announces Acquisition of a Popeyes and a Bojangles Property for $4.6 Million
The properties are both located in North Carolina and are occupied under long-term, triple net leases with a weighted average of 15 years of term remaining.
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Thompson Hollywood Debuts in the Heart of Los Angeles
(CHICAGO) –– August 9, 2021 –– Hyatt Hotels Corporation (NYSE: H) is proud to announce the debut of Thompson Hollywood, the luxury lifestyle hotel situated on Wilcox Avenue near Hollywood…
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Colliers Q2 2021 Canadian Hotel Investment Report (PDF Download)
The third wave of COVID-19 infections and lockdowns materially impacted the Canadian lodging market with hotel occupancies in Canada averaging 31.3% in the second quarter, according to STR. Positively, hotel transaction activity picked up materially during the quarter with approximately 45 transactions totaling $548 million, pushing first half volume to near pre-COVID levels.
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Saladworks to Expand Presence in Ohio with New Locations
The fast-casual entrée salad franchise is opening four more local Kroger stores in the Cincinnati and Northern Kentucky area this summer and plans to ramp up franchise growth plans in the state
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Papa John's Expands Partnership With Drake Food Service International to Open Over 220 New Restaurants Across Latin America, Spa…
As part of the agreement, DFSI plans to open 50 new restaurants in the UK over the next four years, where it recently purchased over 60 Papa John’s restaurants in London, making it the brand’s largest franchisee in the country. Under the terms of this expanded partnership, DFSI will operate more than 560 Papa John’s restaurants in total by 2025.
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Meliá Hotels to Launch in Albania
The first hotel will open in 2022 and will be followed by at least 3 more hotels in the capital and on the Albanian Adriatic Sea coast
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