Rosewood Porto Cervo To Open In 2022 On The Italian Island Of Sardinia

The resort will be located in Costa Smeralda, Italy's jet-set destination, knowns for its stunning white sand beaches and turquoise water. Just 1.5 kilometers south of Porto Cervo town, the three-story Rosewood Porto Cervo will feature 65 guest rooms, including 26 suites, all complemented by stunning 180-degree ocean views of the Mediterranean Sea.
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Tropical Smoothie Cafe Opens 43 Cafes And Signs 103 New Franchise Agreements YTD

Tropical Smoothie Cafe announced yesterday its strong growth year-to-date in 2020 including the signing of 103 new franchise agreements, including 49 signed since March 1 – of which, 67% are with existing franchisees. In addition, the company also opened 43 new restaurants in 2020 with 35 cafes opening since March 1.
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CMBS Special Servicing Roundtable for Distressed Hotel and Retail Projects- By Jim Butler

It’s estimated that 20 percent of hotels in the U.S. have debt held in commercial mortgage-backed securities (CMBS). Among these hospitality industry borrowers are hotel owners needing financial relief due to the COVID-19 pandemic, many of whom are unfamiliar with working with master servicers and special servicers in the complex world of CMBS.
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Sleiman Enterprises to Restore Historic San Marco Square Buildings in Jacksonville

Commercial real estate owner and developer Sleiman Enterprises announced the renovation of the iconic San Marco Square buildings. The collection includes three buildings: 1974 San Marco Blvd., a historic 94-year-old 8,200-square-foot building located directly across from the iconic Lion’s Fountain in Balis Park; 1980 San Marco Blvd., currently a Starbucks; and 1972, a Beau Outfitters.
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Grand Hyatt Limassol Hotel to Open 2025 in Cyprus

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Anolia Holdings Limited for the first Hyatt hotel on the island of Cyprus, Grand Hyatt Limassol. The 300-room luxury resort is expected to open in 2025 and signifies Hyatt’s continued growth into Europe’s leading travel destinations.
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