The asset-light acquisition includes 12 lifestyle hotels (nine managed and three licensed), with another 24 signed long-term management agreements for hotels expected to open in the future.
Source: New feed
Colliers Hotels and Eastdil Secured ILC announced the sale of the InterContinental Montreal on behalf of Pandox AB to Groupe Mach.
Source: New feed
Fourteen hotels and resorts are set to be added to Dusit's portfolio this year across China, Greece, India, Japan, Kenya, Nepal, and Thailand.
Source: New feed
Source: New feed
CHICAGO (February 1, 2023) — Hyatt Hotels Corporation (NYSE: H) today announced the planned rebranding of Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch to Grand Hyatt Scottsdale Resort &…
Source: New feed
Hotel investment sales accelerated in the second half of 2022 with year-end volume pacing at approximately $1.6 billion.
Source: New feed
Half of Subway, reportedly for sale, will soon be owned by a charity thanks to a gift from the chain's late cofounder Peter Buck.
Source: New feed
Orangewood Partners, a long-term focused private investment firm, today announced the successful exit of its Kentucky-based taco bell franchisee, ABTB. Financial terms of the transaction were not disclosed.
Source: New feed
The hotel is centrally located on Lützowplatz in Berlin-Mitte, near the famous KaDeWe department store, the Ku'damm shopping street, and the Spree riverbank.
Source: New feed
Sushi chains in Japan were impacted by slowing domestic growth, fueled by rising prices and weak consumer spending. As they mainly rely on imported seafood, a weakening Japanese Yen and increased ingredient costs significantly impacted their business.
Source: New feed