Sunstone Hotel Investors, Inc. (NYSE: SHO) today announced that it has completed the sale of the 1,060-room Boston Park Plaza for a gross sale price of $370 million, or approximately $350,000 per key.
Source: New feed
Month: October 2023
Hyatt Regency Changshu Kuncheng Lake Debuts as First International Brand Hotel in Changshu
CHICAGO (October 27, 2023) – Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Regency Changshu Kuncheng Lake, a timeless urban haven on the east bank of Kuncheng Lake and…
Source: New feed
Marriott International to Expand Luxury Portfolio in Vietnam With Signing of JW Marriott, the Luxury Collection and Ritz-Carlton Reserve Resorts
he signings mark the expected debut of two new brands into Vietnam – Ritz-Carlton Reserve and The Luxury Collection on the tropical paradise of Hon Thom Island in Phu Quoc. Additionally, Marriott also announced Vietnam’s third JW Marriott Hotel set for Trang An, the serene UNESCO World Heritage destination in northern Vietnam.
Source: New feed
Wyndham Chairman: Choice Trying 'To Make Us an Elixir For Their Problems' – CoStar
In a 30-page presentation and on its third-quarter earnings call, Wyndham Hotels & Resorts laid out its justification for rejecting a bid by Choice Hotels International to acquire the company.
Source: New feed
Hilton Expands Franchise Model in Greater China to Include DoubleTree by Hilton Brand
Hilton's expanded franchise proposition unveils 19 new projects across the Hilton Garden Inn and DoubleTree by Hilton brands, further strengthening its presence in Greater China where one in three hotel rooms under construction bears a Hilton flag
Source: New feed
Choice Hotels Calls on Wyndham Hotels & Resorts to Engage in Discussions
Choice Sees a Clear Path to Completion and Remains Committed to the Transaction – Strongly Urges Wyndham to Return to the Negotiating Table
Source: New feed
Russos New York Pizzeria & Italian Kitchen Signs New Franchise Agreement for Mesa, Arizona
Houston-Based Upscale – Casual Pizza & Italian franchise Brand expands in Arizona
Source: New feed
Independent Hoteliers Say Investors Are More Cautious Amid Global Conflict and Higher Interest Rates – CoStar
Lenders More Apt To Finance a Deal if a Brand Is Attached
Source: New feed
Number of Voco Hotels Properties in Europe Increases 25% in Ten Months
With recent signings and openings in France, Spain, the UK&I, Austria, Portugal, and Belgium, these additions take Europe’s voco hotels total number of opened and signed properties to 37, up from 28 at the end of 2022
Source: New feed
Pearl Street Equity Acquires Famous Brands Franchising Business, Parent Company of Iconic Brands Mrs. Fields and TCBY
Business to Pursue Expansion Opportunities in Both Domestic and International Markets
Source: New feed