Four Corners Property Trust (NYSE:FCPT) announced the signing of a definitive agreement to acquire up to 14 Darden restaurant properties (13 Cheddar’s Scratch Kitchen properties and 1 Olive Garden property) for a purchase price of up to $85.0 million on initial cash rent of up to approximately $5.35 million.
Source: New feed

First move-ins are slated for Fall 2024 with the retail and restaurant portions slated for completion in Fall 2025.
Source: New feed

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

IHG Hotels & Resorts (IHG) and Mori Trust Co Ltd have signed a partnership agreement to open Hotel Indigo Nagasaki Glover Street in late 2024.
Source: New feed

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with SIC Hospitality GmbH for Kennedy 89, a luxury hotel currently under development.
Source: New feed

Recapping the first quarter, executives from public hotel companies and others in the travel industry shared international travel trends that are driving optimism for the rest of the year.
Source: New feed

JLL Capital Markets announced that it arranged $36.8 million in construction financing for 550-566 E Colorado BLVD., a 194-key, six-story hotel development in the Playhouse District of Pasadena, California.
Source: New feed

The three-meal, French-inspired restaurant is expected to open in late 2023 as part of the property’s multimillion-dollar transformation from Harrah’s New Orleans to Caesars New Orleans.
Source: New feed

Mandarin Oriental announced the development of a new hotel and accompanying residences in Athens. Mandarin Oriental, Athens will be located on the shoreline of the city and just a 15-minute drive from the centre.
Source: New feed

Mondrian is expanding its global presence with four openings in 2023, two in 2024 and eight more in 2025 and beyond
Source: New feed