Radisson Hotel Group Signs 15 New Hotels Across EMEA in Q2 2020

Radisson Hotel Group announces 15 new hotel signings across EMEA in Q2 2020. The new signings re-affirm the Group’s commitment to its ambitious 5-year development plan. Radisson Hotel Group continues to expand its new brand architecture and further strengthen its presence across EMEA.
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Hopjump Announces Acquisition of Travel Brands From Industry Leader

Hopjump, a Kendall Square-based travel company, has acquired SmarterTravel Media from Tripadvisor. SmarterTravel Media consists of eight travel-focused brands; the acquisition solidifies and secures Hopjump’s positioning in the travel industry.
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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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