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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Capital Recycling Continues with Pending Sale of Two Hotels for $21.8 Million
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CHICAGO (October 8, 2019) – Hyatt Hotels Corporation (NYSE: H) announced today that Hyatt Place Wilmington Riverfront, the first Hyatt-branded hotel in Wilmington, Del., is officially open. The…

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CHICAGO (October 7, 2019) – Hyatt Hotels Corporation (NYSE: H) and San Francisco International Airport (SFO) today announced the opening of Grand Hyatt at SFO, which is now accepting guests. As…

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Brand Unveils Redesign in Home Market of Jackson, Miss.
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Woodmont Lodging and Milestone Companies today jointly announced the completed acquisition of the 98-room Fairfield Inn & Suites Pittsburgh Downtown. Woodmont Lodging will provide asset management services, and Milestone Hospitality will deliver property management services to the newly constructed hotel.
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Plans to Open Fifteen Microbreweries in the Next 5 Years with First Microbrewery to Open at Taj MG Road, Bengaluru
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The St. Joe Company (NYSE: JOE) last week announces the commencement of construction of a 75-room inn and new amenities to expand The Clubs by JOE, its private membership club. The inn and new club amenities are currently being built on land adjacent to the existing Camp Creek Golf Club.
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