Host Hotels & Resorts, Inc. (NASDAQ: HST) today announced that it has sold the 1,780-room Sheraton New York Times Square Hotel for approximately $373 million, which represents a 28.0x EBITDA multiple1 on 2019 EBITDA.
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Sonder Holdings Inc. (Nasdaq: SOND) is adding four new hotels in central locations to its portfolio in London.
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Accor in collaboration with Ennismore today announced an unprecedented long-term master franchise agreement with Country Garden’s core alliance enterprise, Funyard Hotels and Resorts to introduce the lifestyle brand JO&JOE to China, with a commitment to open at least 1,300 JO&JOE hotels, representing more than 100,000 guestrooms.
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CHICAGO (April 20, 2022) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with an affiliate of SIGNA and CENTRAL Group for…
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Canadian privately-held investment firm K2 Group today announced the acquisition of Choice Hotel Canada's Quality Inn & Suites in Niagara Falls, Ontario. The deal marks the fourth Niagara region hotel in the group's portfolio.
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The complex spread over 3.5 acres is strategically located at Nelson Manickam road with close proximity to key business districts. This greenfield development once completed will comprise of a luxury hotel with 235 keys and 123 Taj branded residences.
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Hilton and Al Taif Investment today announced the signing of a management agreement to open DoubleTree by Hilton Fujairah City Centre – a new build hotel located in the northern United Arab Emirates.
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Radisson Hotel Group Americas today announced the signing of The Cocoa Village Hotel, a member of Radisson Individuals in the city of Cocoa, Florida.
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The newly acquired properties include two downtown Seattle, Washington hotels—Hotel Max and Hotel Theodore; the boutique Old No. 77 Hotel & Chandlery, situated just blocks from New Orleans, Louisiana's French Quarter.
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Ashford Inc. (NYSE American: AINC) today announced that Remington Hotels, a wholly-owned portfolio company of Ashford, has acquired privately held Chesapeake Hospitality, a third-party hotel management company.
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