JLL worked on behalf of the sponsorship, a joint venture between GD Holdings, Stonebridge Development Co. and Copford Capital Management LLC, to secure the acquisition financing through Credit Suisse.
Source: New feed
Launches new midscale brand Park Inn & Suites by Radisson in India
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MCR has acquired the Homewood Suites by Hilton Kansas City Speedway, a four-story, extended-stay hotel with 108 suites in Kansas City, Kansas. Opened in 2018, this is the company’s first hotel in The Sunflower State.
Source: New feed
The property, built in 2017, was sold through a competitive traditional marketing process. It was purchased by Capital One Hotels, based in Houston, Texas, from Ta Vu LLC, also based in Houston.
Source: New feed
During the third quarter, Choice Hotels International, Inc. (NYSE: CHH) signed an agreement with Noble Investment Group (Noble) to develop nine WoodSpring Suites hotels in Georgia and South Carolina over the next two years, signaling increased institutional interest in the largest economy extended-stay brand in the market.
Source: New feed
Weekly Hotel Industry Asia Pacific News Roundup from HVS
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Operating under Accor from the 1st of October 2022, the hotel will undergo a staged refurbishment plan which will see it operate under the Movenpick Hotels & Resorts brand in late 2023.
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Fairmont Dubai Skyline will feature 54 floors across its 226-meter-high tower, featuring 181 hotel rooms and suites, alongside 121 residences of two, three and four bedroom apartments, offering 360 degree views of Dubai's glittering landmarks, as well as a full floor penthouse located on the highest floor.
Source: New feed
Plans for the first Swiss Carl's Jr. restaurant are underway with a targeted opening mid-2023.
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TAO Hotel will serve as the anchor for O-Town West – a $1 billion, 350-acre mixed-use community development located in stunning Southwest Orange County.
Source: New feed