Banyan Investment Group (BIG), an Inc. 5000-recognized, hotel investment company that acquires hotels in the United States, today announced the sale of the 96-room Kimpton Goodland Hotel Fort Lauderdale Beach in Fla., to DiamondRock Hospitality Company for $35.3 million.
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The transaction was priced at a 5.0% cap rate on current rent, exclusive of transaction costs, and will result in an immaterial gain to FCPT.
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Brands included are Hyatt Ziva resorts, Hyatt Zilara resorts, Zoëtry Wellness & Spa Resorts, Secrets Resorts & Spas, Breathless Resorts & Spas, Dreams Resorts & Spas, Vivid Hotels & Resorts (coming soon), Alua Hotels & Resorts and Sunscape Resorts & Spas.
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CHICAGO (May 10, 2022) – Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) today reported first quarter 2022 financial results. Net loss attributable to Hyatt was $73 million, or $0.67…
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CHICAGO (May 9, 2022) – Launching the newest collection focused on leisure demand, Hyatt Hotels Corporation (NYSE: H) is proud to announce the Inclusive Collection, a new global portfolio of…
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Watermark Lodging Trust, Inc. announced on Friday that it has entered into a definitive agreement with private real estate funds managed by Brookfield, under which Brookfield will acquire all of the outstanding shares of common stock of Watermark.
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With a strong owner and investor interest Swiss-Belhotel International has embarked on an aggressive expansion strategy in Europe, Middle East and Africa (EMEA). The group announced plans today at the Arabian Travel Market to double its footprint in the region by 2025.
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Chicago-based hotel investment and management company, Arbor Lodging Partners, announced its latest acquisition and second hotel in the Boston metro, the Hilton Garden Inn Boston-Burlington.
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Agreement sparks growth momentum and brand expansion throughout the West for Quiznos and Taco Del Mar
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The hotel is located in the heart of Tokyo between Shinagawa and Tamachi Stations and is a key component of JR East’s extensive redevelopment project of the former JR Shinagawa Depot Railway Yard. The hotel is expected to open in spring 2025.
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