Agreement Expected to Significantly Improve Cash Position, Access to Growth Capital, Increase Margins, and Future Cash Flows
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CHICAGO (May 22, 2023) – Hyatt Hotels Corporation (NYSE: H) announced today plans for the 168-room Thompson Palm Springs, which will join the award-winning luxury lifestyle Thompson Hotels…
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JLL Hotels & Hospitality announced today that the sale of a 75% interest in the Mandarin Oriental, New York, to affiliates of Reliance Industries Ltd. has been completed. JLL represented the sellers in the sale of their ownership stake.
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Ramsay’s Kitchen and Gordon Ramsay Fish & Chips to Open Inside Silver Legacy Resort Casino
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Four Seasons Hotels and Resorts is concluding management of Palazzo Tornabuoni Firenze as of December 31, 2023 on expiration of the current term of its agreement.
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Shaner Hotels today announced the acquisition of the 86-room Hampton Inn & Suites by Hilton Hershey in Pa. Shaner also will operate the property and plans to implement $1.2 million in renovations to completely remodel guest rooms.
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Novotel Melbourne Box Hill will feature 132 guestrooms, conference and events facilities including a 200-capacity ballroom.
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IHG Hotels & Resorts announced an agreement with AXA Life Insurance Company to open InterContinental Sapporo in late 2025. InterContinental Sapporo will be IHG’s fifth hotel in Hokkaido, its first luxury hotel In Sapporo and its eleventh InterContinental-branded hotel in Japan.
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IHG Hotels & Resorts has signed a Master Development Agreement (MDA) with Tashyid for Hotel Operations, which will see the development of 12 hotels and 2,500 keys under the Holiday Inn Express brand across the Kingdom of Saudi Arabia.
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JLL Capital Markets announced today that it arranged $76 million in acquisition financing for the St. Regis, a five-star, 192-key, luxury hotel in Chicago.
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