JLL’s Hotels & Hospitality Group announced yesterday that it has arranged a $29.6 million floating-rate term loan to acquire and renovate the 130-key Aloft Tampa Downtown located at 100 West Kennedy Blvd in Tampa, Florida.
Source: New feed
Four Seasons and Cisneros Real Estate (Cisneros) announce plans for the development of Four Seasons Resort and Residences Dominican Republic at Tropicalia, a sustainable luxury destination located on a 60-acre (24 hectare) site along the pristine beachfront of Playa Esmeralda in northeastern Dominican Republic, along the southern shores of Samaná Bay.
Source: New feed
CHICAGO (September 12, 2023) – Hyatt Hotels Corporation (NYSE:H) in collaboration with Hotel Properties of Panama Inc., today announced the planned expansion of the Hyatt Regency brand in the…
Source: New feed
Located in the centre of Sydney’s Sutherland Shire, the serviced apartment hotel is due to open late November 2023. Quest Hotels will lease and manage the hotel which offers 40 apartments (71 keys) as well as conference facilities, a business lounge and a gym.
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Rosewood Hotels & Resorts is entering New Zealand with Robertson Lodges, a collection of three resorts. As of December 1, 2023, Rosewood Kauri Cliffs, Rosewood Cape Kidnappers and Rosewood Matakauri will join the Rosewood portfolio.
Source: New feed
CHICAGO (September 12, 2023) – Hyatt Hotels Corporation (NYSE: H) today announced World of Hyatt is celebrating the changing seasons by encouraging travelers to take advantage of a new global…
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Wego, the largest online travel marketplace in the Middle East and North Africa (MENA) acquired Travelstop, a platform that simplifies business travel and expense management for companies globally. This strategic move will expand Wego's reach into business travel and expense management.
Source: New feed
The five-year, fixed-rate loan is non-recourse and was funded by a Wall Street investment bank. The loan is interest-only for the entire term at an interest rate of 7.6%. A rate buydown was required by the lender to achieve this rate and proceeds.
Source: New feed
Anchoring the development will be a new 400-room Royal Sonesta and 320-room The James, two of Soneta's top luxury brands.
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Rotana announced today its entry into Senegal with Les Zeniths Arjaan by Rotana. The 150-key property in Dakar will be launched under the Arjaan Hotel Apartments by Rotana brand and is expected to be completed by 2026.
Source: New feed