Flynn Properties Inc, owner of commercial real estate, luxury resorts and select service hotel properties in America and abroad, in a joint venture with Värde Partner today announced that it has acquired 20 select service hotels – 11 Marriott and nine Hilton branded locations – in a $211 million deal with Apple Hospitality REIT (NYSE: APLE).
Source: New feed
The properties are both located in North Carolina and are occupied under long-term, triple net leases with a weighted average of 15 years of term remaining.
Source: New feed
(CHICAGO) –– August 9, 2021 –– Hyatt Hotels Corporation (NYSE: H) is proud to announce the debut of Thompson Hollywood, the luxury lifestyle hotel situated on Wilcox Avenue near Hollywood…
Source: New feed
The third wave of COVID-19 infections and lockdowns materially impacted the Canadian lodging market with hotel occupancies in Canada averaging 31.3% in the second quarter, according to STR. Positively, hotel transaction activity picked up materially during the quarter with approximately 45 transactions totaling $548 million, pushing first half volume to near pre-COVID levels.
Source: New feed
The fast-casual entrée salad franchise is opening four more local Kroger stores in the Cincinnati and Northern Kentucky area this summer and plans to ramp up franchise growth plans in the state
Source: New feed
As part of the agreement, DFSI plans to open 50 new restaurants in the UK over the next four years, where it recently purchased over 60 Papa John’s restaurants in London, making it the brand’s largest franchisee in the country. Under the terms of this expanded partnership, DFSI will operate more than 560 Papa John’s restaurants in total by 2025.
Source: New feed
The first hotel will open in 2022 and will be followed by at least 3 more hotels in the capital and on the Albanian Adriatic Sea coast
Source: New feed
Today, Panera Bread, Caribou Coffee and Einstein Bros. Bagels announced the formation of Panera Brands, a new platform in fast casual, the fastest growing segment of the industry.
Source: New feed
Curator Hotel & Resort Collection announced two new independent hotels have joined its collection of members: Jekyll Island Club Resort, an oceanfront resort located on Jekyll Island, and Hotel Ändra, a boutique property in downtown Seattle.
Source: New feed
(CHICAGO) – August 5, 2021 – Hyatt Hotels Corporation (NYSE: H) announced the debut of Hyatt Centric 39th & 5th New York, which marks the lifestyle brand’s second hotel in New York City. The…
Source: New feed