Park Hotels & Resorts Inc. (NYSE:PK) today announced that, starting in June, it ceased making payments toward the $725 million non – recourse CMBS loan which is scheduled to mature in November 2023, and is secured by two of its San Francisco hotels – the 1,921 – room Hilton San Francisco Union Square and the 1,024 – room Parc 55 San Francisco.
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Gross Proceeds of Approximately $29 Million for Nine Owned Properties – Company Marketing Additional Properties for Sale-Leaseback Transactions
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Papa John’s International establishes Company restaurant footprint as part of ongoing plan to transform and optimize the U.K. market for the brand
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Procaccianti Companies Expands Upscale Boutique Hotel Collection with Acquisition of the Presidents' Quarters and Development of the Sabal House Savannah
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Sonesta International Hotel Corporation (Sonesta) today announced the debut of two soft brands within its expanding portfolio, Classico, A Sonesta Collection (Classico) and MOD, A Sonesta Collection (MOD).
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Marriott is announcing its plans to launch a new brand, which has not yet been named, but is currently being referred to as Project MidX Studios. The affordable midscale extended stay brand is intended to deliver reasonably priced modern comfort for guests seeking longer stay accommodations in the U.S. & Canada.
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By 2027, the company expects to have more than 150 branded residences in operation, an increase of more than 300%.
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Hyatt expects to maintain industry-leading net rooms growth into the future with increased focus on extended-stay in the Americas in addition to expansive opportunities globally across brand portfolio
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LuxUrban Hotels Inc. (Nasdaq: LUXH) announced today that it has signed separate agreements to enter into 35-year Master Lease Agreements (MLAs), each inclusive of two five-year options, to operate two new properties in New York City’s Times Square: The Hotel at Times Square and Hotel 46 Times Square.
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CHICAGO (June 2, 2023) – Hyatt Hotels Corporation (NYSE: H) announced the completed acquisition of London-based Mr & Mrs Smith, a global travel platform that provides direct booking access to a…
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