Marriott International, Inc. (NASDAQ: MAR) has signed an agreement with Assila Investments to bring its Luxury Collection brand for the first time to the Kingdom of Saudi Arabia. Situated in the heart of Jeddah, Assila Hotel is anticipated to join The Luxury Collection’s portfolio.
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Radisson Hotel Group announced the signing of the Radisson Hotel Tunis in Tunisia's capital city. It will be the first Radisson branded hotel in the city of Tunis and the Group's fourth hotel in the country.
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The deals will see the development of more than 50 hotels, including IHG’s new brands avid hotels in Germany and voco Hotels, across Germany, Austria, Switzerland, Belgium and the Netherlands.
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Kimpton Hotels & Restaurants announced a new partnership within Houston's mixed-use development, Laneways, developed by leading lifestyle and real estate developer, Caydon. Expanding Kimpton's presence in Texas, the project will be the first boutique hotel in Midtown and is scheduled to open at the end of 2022.
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Northstar Travel Group yesterday announced it has acquired CAT Media, located in East Grinstead, England, outside London. CAT Media is a leading global multiplatform business-to-business marketing services, information and events business serving the meetings and incentive industry.
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Captain D's announced today the signing of two new franchise development agreements that will grow its brand footprint in Illinois, specifically in the Chicago metro area and Champaign
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Portuguese Hotel Group to Open its First New York City Location
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PM Hotel Group announced they are expanding their relationship with Hyatt Hotels Corporation and assuming management of the 316-room Hyatt Regency Fairfax.
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The contracted sale price reflects a 19.5x EBITDA multiple and a 4.4% net operating income capitalization rate based on the hotel’s operating performance for 2018.
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New Franchise Partner Set to Bring First MOD location to Vancouver Island
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