With a muddled investment landscape and strong competition for assets, many investors in the Middle East and Africa remain focused on repositioning, capital expenditures and opportunistic purchases.
Source: New feed

Blackstone (NYSE: BX) today announced that Blackstone Real Estate Partners VII L.P. has reached an agreement to sell The Cosmopolitan of Las Vegas for $5.65 billion.
Source: New feed

Four Corners Property Trust (NYSE:FCPT) announced the acquisition of a Buffalo Wild Wings property, a Wells Fargo property, and a Texas Roadhouse property for $5.1 million from Washington Prime Group.
Source: New feed

The property is located in a strong retail corridor in Ohio and is corporate-operated under a triple net lease with approximately five years of term remaining.
Source: New feed

Pebblebrook Hotel Trust (NYSE: PEB) today announced that it acquired the 369-room oceanfront Margaritaville Hollywood Beach Resort in Hollywood, Florida for $270 million from an affiliate of KSL Capital Partners, LLC. The lifestyle resort will continue to be managed by Davidson Hospitality Group.
Source: New feed

CHICAGO, September 24, 2021 — Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H), a leading global hospitality company, announced today that, in connection with its previously…

Source: New feed

Brand to enter new markets in West Texas and Florida with 20 new locations
Source: New feed

Aiming for 1,000 Lavazza cafés in China by 2025 through the existing joint venture
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Brand plans to double in size by end of 2022 to over 40 locations
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Condor Hospitality Trust, Inc. (NYSE American: CDOR) announced today that it has entered into an agreement with affiliates of Blackstone Real Estate Partners to sell its entire portfolio of hotels in a $305 million transaction. This is an all cash transaction without the assumption of any existing debt.
Source: New feed