Built in 2021, the Element 29 Hotel offers 127 rooms and is the first hotel developed at the base of Copper Mountain.
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Restaurant Industry Veterans Sign with QSR Brand for Existing Units and New Unit Development Throughout Nashville, Baton Rouge and the Carolinas
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Hilton (NYSE: HLT) has today announced its first Dutch Curio Collection by Hilton hotel as part of a franchise agreement with Castle estate owner Bas van de Laar. Kasteel Gemert Eindhoven, Curio Collection by Hilton, will be located in the town of Gemert, a short drive from Eindhoven city centre, and is expected to welcome guests in 2024.
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Innisfree Hotels announces that it has acquired the Comfort Suites Fernandina Beach at Amelia Island in a deal that closed Oct. 13.
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The signings are Verno House Budapest, Vignette Collection, which is set to open in summer 2023 under a franchise agreement, and voco Budapest which is due to open in late 2023 with a management agreement.
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MCR has acquired the Hyatt Place Miami Airport East, a six-story, select service hotel with 135 rooms in Miami, Florida. Built in 2015, the hotel was purchased at over a 25% discount to MCR’s estimated replacement cost.
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The property is newly constructed and located in a highly trafficked corridor in Illinois and is under a long-term, triple net lease with approximately 16 years of term remaining.
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Initial total annual rent under the lease with Hard Rock is $90.0 million and the lease has an initial term of 25 years, with three 10-year tenant renewal options.
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Hard Rock International (HRI) on Friday received regulatory approval from the Nevada Gaming Commission for its acquisition of The Mirage Hotel & Casino from MGM Resorts International.
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Several new hotel brands joined the industry in 2022, and Choice Hotels International's acquisition of Radisson Hotel Group's Americas business was among the biggest brand news of the year.
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