Strengthens the multifaceted collaboration with one of Japan's largest airline and hotel networks
Source: New feed

Pebblebrook Hotel Trust (NYSE: PEB) today announced that it closed on the sale of 909 North Michigan Avenue, a 5,860 square-foot 3-tenant fully occupied high-street retail parcel, adjacent to the Company’s Westin Michigan Avenue Chicago for $27.3 million to a third party.
Source: New feed

Leisure Real Estate Advisors, LLC has announced the successful sale of the Holiday Inn Express located at 2415 N. Lincoln Avenue in Fremont, Nebraska. Built in 2003, the 94-key hotel was listed for $9,600,000.
Source: New feed

The global travel and tourism industry, which has been struggling to rebound from the COVID-19 pandemic induced slowdown, is facing another setback with a significant drop in deal activity.
Source: New feed

Red Roof will open 50 properties – new builds and conversions – in 2023, representing 60 percent year on year growth.
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With over 8,100 rooms in 21 states, the diverse portfolio is national in scope with representation in the upper midscale and upscale segments across all major brand companies.
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Located in San Francisco's Nob Hill neighborhood, the storied property has long been a nostalgic symbol of a bygone era, having originally been constructed in 1924 as the first steel and brick high rise west of the Mississippi.
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Ms. Zitelli-Davis has worked with hotel developers and operators for over 7 years and specializes in hotel brokerage, site selection and development. She has completed nearly $100 million in lease transactions and has closed over $50 million in land transaction sales.
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Mr Gatti's Pizza has announced its plans to expand its reach in Louisiana by opening three new locations. The first restaurant is set to open by spring 2024.
Source: New feed

A summary of European hotel transactions provided by HVS
Source: New feed