Based on the hotel’s operating performance for 2019, the $71.0 million sales price reflects a 9.1x EBITDA multiple and a 9.8% net operating income capitalization rate.
Source: New feed
Construction Costs Expected to Post Largest Increase in Years Due to Pressures From Both Supply and Demand Sides
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Golden Entertainment, Inc. (NASDAQ: GDEN) announced today that it entered into definitive agreements to sell Rocky Gap Casino Resort for aggregate cash consideration of $260 million.
Source: New feed
CHICAGO (August 25, 2022): Hyatt Hotels Corporation (NYSE:H) announced the opening of Grand Hyatt Gurgaon in Delhi NCR today. The 442-room luxury hotel is the first Grand Hyatt property in…
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Located just off Trafalgar Square and subject to planning, 5 Strand will become the latest hub by Premier Inn hotel in the estate and is expected to open sometime during 2027.
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Sofitel Clark will comprise 300 guest rooms while the Emblems Clark will feature 200 guest rooms. The landmark multi-agreement signing will see the expansion of a well-established partnership between Hann and Accor to six hotels in Clark, Philippines.
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DSH Hotel Advisors announced announced the sale of the recently-renovated 68-room Holiday Inn Express & Suites Port Charlotte by InterContinental Hotels Group on August 15th, 2022.
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REGO Restaurant Group – parent company of fast casual sandwich chain Quiznos and regional Mexican chain Taco Del Mar, among other brands – has inked a strategic partnership and development deal with BCubed Manufacturing LLC, a Michigan-based manufacturing company that makes high quality, fully outfitted free standing drive-thru restaurants.
Source: New feed
CHICAGO (August 24, 2022) – With more pet owners than ever before and 25 million dog owners seeking out pet-friendly hotel stays, according to a recent survey, Hyatt invites travelers to…
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Aleph Hospitality, has signed a management contract with Congo-based Sokerico Group to operate Kertel Suites in Kinshasa.
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