All-Inclusive by Marriott Bonvoy Portfolio announces the first JW Marriott and W Hotel in Costa Mujeres, alongside Almare, a Luxury Collection All-Inclusive resort on Isla Mujeres
Source: New feed
Author: hotelprojectdata
Regent Shanghai on The Bund Hotel to Open in 2023
InterContinental Hotels Group announced today that it has signed with Shanghai Seagull Holding Group Co., Ltd. to jointly open a luxury hotel – Regent Shanghai on The Bund. The hotel is scheduled to open in 2023 after renovations are completed, becoming the second Regent in Shanghai.
Source: New feed
VICI Properties Inc. to Acquire Remaining 49.9% Interest in MGM Grand Las Vegas and Mandalay Bay Joint Venture
Blackstone Real Estate Income Trust, Inc. and VICI Properties Inc. (NYSE: VICI) announced jointly today that they have entered into a definitive agreement in which VICI, currently owner of a 50.1% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort, will acquire BREIT’s 49.9% interest in the joint venture for cash consideration of approximately $1.27 billion and VICI’s assumption of BREIT’s pro-rata share of the existing property-level debt.
Source: New feed
351 Key Hyatt Regency Jersey City Hotel, NJ Sold
Taconic Capital Advisors LP and HEI Hotels & Resorts, today announced that they have jointly acquired Hyatt Regency Jersey City from affiliates of Hyatt Hotels Corporation (NYSE: H) and Veris Residential Inc. (NYSE: VRE).
Source: New feed
FCPT Announces Acquisition of a Bubba's 33 Restaurant Property for $3.1 Million
The property is newly constructed and located in a highly trafficked corridor in Texas and is corporate-operated under a triple net lease with approximately 10 years of term remaining.
Source: New feed
Condado Tacos Announces Growth Plan, Expects to Open Up to 100 Restaurants by 2026
he taco restaurant company opened its 39th restaurant November 17 in Kalamazoo, MI and already has 12 new restaurants scheduled to open in 2023, with 6 of those in new Condado Tacos markets.
Source: New feed
Freddy's Frozen Custard & Steakburgers Signs Master Franchise and Development Agreement to Debut in Canada
The Master Franchise and Development Agreement will see the group both develop on their own and initiate master franchising activity in Canada with an initial agreement to develop at least 20 Freddy's restaurants.
Source: New feed
IHG Signs First Vignette Collection Hotel in the Middle Eas
IHG Hotels & Resort has announced the signing of a management agreement with the Owners of Carlton Al Moaibed Hotel in Al Khobar, in order to transform the hotel into Saudi Arabia’s first Vignette Collection Hotel. The new property will be refurbished and is scheduled to be rebranded by 2024.
Source: New feed
HVS Europe Hotel Transactions Bulletin Week Ending 28 November 2022
A summary of European hotel transactions provided by HVS
Source: New feed
Kerzner International to Open SIRO One Za'abeel Hotel Q3 2023 in Dubai
The first hotel for the SIRO brand will sit in the heart of Dubai's iconic One Za'abeel development. One Za'abeel is being developed by Ithra Dubai, a fully owned subsidiary of Investment Corporation of Dubai.
Source: New feed