Watermark Lodging Trust, Inc. announced on Friday that it has entered into a definitive agreement with private real estate funds managed by Brookfield, under which Brookfield will acquire all of the outstanding shares of common stock of Watermark.
Source: New feed
With a strong owner and investor interest Swiss-Belhotel International has embarked on an aggressive expansion strategy in Europe, Middle East and Africa (EMEA). The group announced plans today at the Arabian Travel Market to double its footprint in the region by 2025.
Source: New feed
Chicago-based hotel investment and management company, Arbor Lodging Partners, announced its latest acquisition and second hotel in the Boston metro, the Hilton Garden Inn Boston-Burlington.
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Agreement sparks growth momentum and brand expansion throughout the West for Quiznos and Taco Del Mar
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The hotel is located in the heart of Tokyo between Shinagawa and Tamachi Stations and is a key component of JR East’s extensive redevelopment project of the former JR Shinagawa Depot Railway Yard. The hotel is expected to open in spring 2025.
Source: New feed
Accor is adding the world-renowned cruise ship, Queen Elizabeth 2 (QE2), into its portfolio. Taking over operations from May 2022, the cruise ship will undergo further upgrades and renovations prior to joining the MGallery Hotel Collection.
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DiamondRock Hospitality Company (NYSE: DRH) today announced it acquired a fee-simple interest in The Kimpton Fort Lauderdale Beach Resort, a lifestyle beach resort in Fort Lauderdale, Florida, for a total investment of $35.3 million ($367,700/key).
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Sunstone Hotel Investors, Inc. announced that it has entered into a definitive agreement with an affiliate of Hyatt Hotels Corporation to acquire the 339-room The Confidante Miami Beach, located on 1.5 acres of fee-simple, oceanfront land in Miami Beach for a purchase price of $232 million, or $684,000 per key.
Source: New feed
Mohari Hospitality leads investment round into Mint House, and Allen Smith, Mohari's Managing Partner and former President and CEO of Four Seasons Hotels & Resorts, joins the board
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Four Seasons Resort and Private Residences Muscat, Oman will be created through the redevelopment of a former yacht club and marina into 200 rooms and suites and 100 Private Residences.
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