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.
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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).
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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.
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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. 
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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.
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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.
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A summary of European hotel transactions provided by HVS
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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.
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Dynamic City Capital (DCC), a Utah-based real estate investment firm, announced the acquisition of The Charter Hotel Seattle, Curio Collection by Hilton (Charter Hotel). The Charter Hotel is the only Curio Collection by Hilton hotel in the Seattle/Bellevue market. The hotel initially opened in 2018.
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The property was sold via an online auction on Ten-X. It was purchased by Nogales Hospitality LLC of Nogales, Arizona, from Lok Group of Companies of Petaluma, California.
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