Sale of 68 Sonesta Hotels Expected to be Substantially Complete in First Quarter 2022 – Provides Update on Hotel Operating Performance Through November 2021
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The final purchase price was approximately $118 million, including customary closing purchase price adjustments.
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The property is located in a strong retail corridor in New York and is corporate-operated under a long-term, triple net ground lease with 8 years of term remaining.
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The resort features a 50,000-square-foot spa, two pools, an outdoor jacuzzi, a nine-hole golf course and 32 townhomes.
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Clean Juice announced today the addition of five new Franchise Partners in five new states, accelerating its goal of opening a Clean Juice in all fifty U.S. states. This latest wave of first-time Franchise Partners hails from Connecticut, West Virginia, Kentucky, Montana, and Washington.
Source: New feed

Ethos Asset Management Inc., USA Announces Deal for a New Development on the Island of Koh Samui, Thailand with Villa and Resort Developer, Anamaya Samui
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Marriott International, Inc. yesterday announced that it has signed an agreement with Melco Resorts & Entertainment to bring the W Hotels Worldwide brand to Macau with the scheduled December 2022 opening of the W Macau – Studio City Hotel.
Source: New feed

IHG Hotels & Resorts has announced the signing of a Management Agreement with Dallah Real Estate Company for a Hotel Indigo Resort in Durrat Al Arus, Jeddah.
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The property is located in a dense retail corridor in Pennsylvania and is under a triple-net lease with ten years of term remaining.
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An investment fund managed by Trinity Fund Advisors LLC, an affiliate of Trinity Real Estate Investments LLC , today announced the acquisition of a 50 percent interest in Omni San Diego Hotel from JMI Realty, who originally developed the hotel in conjunction with Petco Park in 2004.
Source: New feed