The property is located in Ohio and is corporate-operated under a triple net lease. The transaction was priced at cap rate in range with previous FCPT dispositions.
Source: New feed
Marcus Hotels & Resorts Issues Statement Correcting Incorrect Public Reports About Sale of the Skirvin Hilton in Oklahoma City
Source: New feed
Queensland publican Jaz Mooney of Middle Head Ventures has sold Normanby Hotel to locally based Ingham-Myers Hotels for $15 million.
Source: New feed
Mondrian Ibiza and Hyde Ibiza are set to open on the bay of Cala Llonga in June 2023 and will include nine food and beverage outlets with highly programmed pool spaces, nightlife and music venues.
Source: New feed
An affiliate of the Principals of Highgate announced yesterday that it has entered into a definitive agreement to purchase Viceroy Hotels & Resorts.
Source: New feed
Ennismore today announces Mondrian Cannes, the first Mondrian hotel in France, will open in March 2023. The hotel will open on the site of the town's oldest luxury hotel, formerly Grand Hotel Cannes.
Source: New feed
Indian Hotels Company (IHCL), India's largest hospitality company, today announced the signing of its first hotel in Vrindavan, Uttar Pradesh. This management contract is a greenfield project slated to open in 2026.
Source: New feed
JLL Capital Markets closed the refinancing for six properties located in Napa Valley, Laguna Beach, Del Mar, Newport Beach and San Diego
Source: New feed
Located in the heart of one of the most sought-after vacation destinations in the country, Waldorf Astoria San Miguel de Allende will offer 120 hotel guest rooms and 24 Waldorf Astoria branded residences in the colonial city, known for its architecture, thriving art scene and rich history.
Source: New feed
Situated just an hour south of Los Angles and expected to open in late 2023, the 122-room hotel marks the latest addition to Choice's lineup of extended stay properties across California, joining the inaugural Everhome Suites Corona, as well as the largest MainStay Suites hotel, recently opened in greater Los Angeles.
Source: New feed