The Hotel RL Salt Lake City was held in a joint venture with a secured debt agreement for a term loan principal of $11.0 million. RLHC will receive approximately $12.0 million in net proceeds after closing costs, the repayment of property level mortgage debt and distributions to its joint venture partner.
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The Cambria Hotels brand, franchised by Choice Hotels International, Inc. (NYSE: CHH), and Green Stay Hospitality LLC, part of Reddy Hotels, Orlando, announced Wednesday the official start of construction on the first Cambria hotel in Orlando at a groundbreaking event at the property's future location.
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CHICAGO (December 20, 2019) – Notably situated in Rio Grande, the new Hyatt Regency Grand Reserve Puerto Rico has opened to reveal a sophisticated, oceanfront haven that pulses Caribbean…
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On December 17, 2019, the first franchised KFC restaurant since signing the cooperation agreement was opened in a CNPC gas station in Kunming, Yunnan Province. Meanwhile, in Dalian, Liaoning Province, the first KFC franchised restaurant in a Sinopec gas station is set to open its doors on December 23, 2019.
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Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced it has acquired the newly developed 600-room Hyatt Regency Portland at the Oregon Convention Center located in Portland, Oregon for a purchase price of $190 million, or approximately $317,000 per key.
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Moxy Mexico City, with 120 stylish rooms, buzzing social spaces including an exclusive rooftop bar featuring stunning views of Reforma Avenue’s skyline, is expected to open in 2022.
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Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced it has completed the sale of the 409-room Marriott Griffin Gate Resort & Spa in Lexington, Kentucky for $51.5 million. The sale price represents a 7.1x multiple on the resort's trailing twelve month Hotel EBITDA as of November 30, 2019.
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The groundbreaking took place on the future home of both the athletic resort and co-working destination located at the SW corner of Barnes Road and Cedar Hills Boulevard. This marks the start of the construction project, planned for completion in late 2021.
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CHICAGO (December 19, 2019) –– Hyatt Hotels Corporation (NYSE: H) announced today the opening of Grand Hyatt Hefei in Anhui Province, China. Located within the fast-developing central business…
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CHICAGO (December 19, 2019) – Hyatt Hotels Corporation (NYSE:H) announced today the opening of Hyatt Regency Portland at the Oregon Convention Center, marking Hyatt’s first full-service hotel…
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