The answers are largely pinned to hopes of a broadening recovery
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Having recently finalized an agreement to convert a closed restaurant in San Antonio, Black Bear Diner has its sights set on opening the doors to at least six new company-owned diners throughout the state in 2022. The new diners are a combination of conversions and ground ups and will incorporate recent design changes to better accommodate off-premise dining.
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Papa John’s International, Inc. (NASDAQ: PZZA) last week announced a partnership with FountainVest Partners to open more than 1,350 new stores across South China by 2040.
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RLJ Lodging Trust (NYSE: RLJ) today announced that it has acquired the 170-room Moxy Denver Cherry Creek for a purchase price of $51.3 million, or approximately $301,000 per key and completed the disposition of the 764-room DoubleTree Hotel Metropolitan New York City for gross proceeds of $169.0 million.
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Local real estate firm Blue Flag Partners announced its acquisition of The Beachside on Nantucket, a 94-key hotel on North Beach Street in Nantucket, MA.
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Achieves 15,100 units signed and property openings of over 8,200 units
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Located in the heart of São Paulo´s new Financial District, JW Marriott Hotel São Paulo will make its debut in Brazil's largest city
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Best Western Hotels & Resorts is breaking ground in Vietnam with the signing of two new projects in Ho Tram. It's located 110km from Ho Chi Minh City, and it's a beachfront resort area.
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The hotels are prominently located on East Bay Street, across from the Savannah River and River Street, and within walking distance to the Historic District's top attractions.
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The hotel construction is due to commence by mid-2022 and is expected to be completed by the end of 2026.
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