JLL's Hotels & Hospitality Group announced today that it closed the sale of the Conrad Miami, a 203-key, recently renovated hotel in Miami’s Brickell neighborhood.
Source: New feed

Hilton (NYSE: HLT) has signed a franchise agreement with Gefest Grou to build a new 145-room resort on the beachfront in the popular port city of Odessa, Ukraine. The hotel, due to open in spring 2025, will be managed by Cyprus based Millennium Hospitality and located near the famous Arcadia entertainment area.
Source: New feed

New CBRE Hotels data highlights that activity has been propelled by a wave of hotels being sold for residential and build-to-rent conversions in addition to major portfolio sales, including the $620 million sale of 11 Travelodge hotels by the Tucker Box Hotel group, and landmark single asset transactions such as last week’s $315 million sale of the Sofitel Wentworth Sydney.
Source: New feed

An affiliate of Chicago-based Brick by Brick Capital has acquired the Four Seasons Island Resort, in partnership with hotel operator Life House as the newest addition to its portfolio of authentically-local boutique hotels.
Source: New feed

Summit Hotel Properties, Inc. (NYSE: INN) yesterday announced that it has entered into a definitive contribution and purchase agreement to acquire a 27-hotel portfolio totaling 3,709 guestrooms, two parking structures and various financial incentives through its existing joint venture with GIC for total consideration of $822 million from affiliates of NewcrestImage.
Source: New feed

Redberry Restaurants announces today an Area Development Agreement with Burger King Corporation to develop 50 new Burger King restaurants in Quebec and 15 new restaurants in Saskatchewan over the next five years. An additional 60 Burger King restaurants are scheduled for remodelling, which is more than half of the current Redberry-owned Burger King locations.
Source: New feed

Nathan's Famous, Inc. announces a new expansion plan into Saudi Arabia. Nathan's Famous will serve their world-famous hot dogs and fries in seven kiosks across Saudi Arabia, with plans to open three more in the coming weeks.
Source: New feed

Multi-unit franchisee Fresh Dining Concepts to accelerate development outside of malls and open co-branded units street side across New York City's five boroughs
Source: New feed

California-based Impossible Foods has arrived in Australia and New Zealand, marking the company’s third and fourth international market launches in 14 months.
Source: New feed

The hotels are: The Whitley, A Luxury Collection Hotel, Atlanta Buckhead in Georgia; The Westin Buckhead Atlanta in Georgia; The Westin Los Angeles Airport, located at the Los Angeles International Airport in California; San Ramon Marriott, located in Santa Clara, California; and the Westfields Marriott Washington Dulles, located in Chantilly, Virginia.
Source: New feed