Accor is adding the world-renowned cruise ship, Queen Elizabeth 2 (QE2), into its portfolio. Taking over operations from May 2022, the cruise ship will undergo further upgrades and renovations prior to joining the MGallery Hotel Collection.
Source: New feed
DiamondRock Hospitality Company (NYSE: DRH) today announced it acquired a fee-simple interest in The Kimpton Fort Lauderdale Beach Resort, a lifestyle beach resort in Fort Lauderdale, Florida, for a total investment of $35.3 million ($367,700/key).
Source: New feed
Sunstone Hotel Investors, Inc. announced that it has entered into a definitive agreement with an affiliate of Hyatt Hotels Corporation to acquire the 339-room The Confidante Miami Beach, located on 1.5 acres of fee-simple, oceanfront land in Miami Beach for a purchase price of $232 million, or $684,000 per key.
Source: New feed
Mohari Hospitality leads investment round into Mint House, and Allen Smith, Mohari's Managing Partner and former President and CEO of Four Seasons Hotels & Resorts, joins the board
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Four Seasons Resort and Private Residences Muscat, Oman will be created through the redevelopment of a former yacht club and marina into 200 rooms and suites and 100 Private Residences.
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RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced the signing of the second franchise development agreement for Bombshells Restaurant & Bar. Terms call for the opening of three locations over five years in Alabama, the first being in Huntsville.
Source: New feed
Crowne Plaza Shell Cove Marina will be part of a $1.5 billion master-planned coastal residential, commercial and tourist project within the Shellharbour region.
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U.S. budget and economy segment hotel franchise company hihotels is looking to grow its portfolio, largely through conversions of existing hotels, and its sales pitch to hotel owners is that unlike other major brands, the company won't require them to make big changes to their properties.
Source: New feed
The extended-stay hotel property, built in 1997, was sold via an online auction on Ten-X. It was purchased by Mahantraj Houston LLC, based in Dallas, Texas, from 1668 Hospitality Inc., based in Houston, Texas.
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Accor today announced that it is accelerating its expansion in the all-inclusive market with the launch of its multi-branded All-Inclusive Collection – an attractive offering that will see the Group double down on this fast-growing segment by building upon the success of the Rixos brand.
Source: New feed