Representing the Seller of this Independent Coast Motel Walking Distance to the Beach
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Anticipated to open in September 2021, Vīb Tempe will offer additional amenities such as a state-of-the-art fitness center with interactive workouts, outdoor pool, and a multifunctional meeting space.
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IHG Hotels & Resorts has signed a management agreement with Regal Emporia Infratech (a subsidiary of Investors Clinic), for Holiday Inn Greater NOIDA West in Boulevard Walk, a mix use development by Home & Soul. The new-built hotel will have 140 keys and is expected to be operational by first quarter of 2023.
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The sale price represents a 12.2x multiple on 2019 Hotel Adjusted EBITDAre and a 6.8% capitalization rate on 2019 Hotel Net Operating Income.
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Radisson Hotel Group today announced the signing of Radisson Blu Sandy – Salt Lake City. The hotel, which will be managed by Radisson Hotel Group, will be part of a multi-phased, mixed-use development project with Raddon Development, called The Summit at the Cairns, designed by Beecher Walker Architects.
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New hotel tower, redesigned interior and exterior features, and new culinary and hospitality offerings will be complete by 2024
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The portfolio is located in Alabama and occupied under two, identical, triple-net master leases to one of the largest franchisees in the country with approximately 14 years of term remaining and annual rent increases of 2%.
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The Naples Hotel Group announces the topping out of the TownePlace Suites by Marriott in Plant City, FL. Naples Hotel Group has the contract to oversee development and management with owners Thonotosassa Crossings LLC.
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CHICAGO (December 9, 2020) – Hyatt Hotels Corporation (NYSE: H) today announced that Mark Hoplamazian, president & CEO, has been appointed chair of the board of the American Hotel & Lodging…

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Marriott, together with investment firm EGI Business Group, adds to its growing portfolio in Latin America with the introduction of AC Punta Cana in the Spring of 2021. The property will be the first project from EGI Business Group in the Caribbean, the first AC Hotel in the Dominican Republic, and will be managed by Highgate.
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