CHICAGO (June 4, 2019) – Hyatt Hotels Corporation (NYSE:H) announced today that a Hyatt affiliate has entered into a franchise agreement with Coco Hotel 1 LLC for a new hotel, expected to open…
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CHICAGO (June 4, 2019) – Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt and Lindblad Expeditions, a global provider of expedition cruises and adventure travel experiences, have…
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Representing the Seller in the sale of the 89-unit Country Inn & Suites Myrtle Beach, South Carolina
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After the completion of this transaction, Ashford will add hotel property management to its growing list of hotel-related businesses, which already includes hotel asset management, Premier Project Management, J&S Audio Visual, OpenKey, Pure Wellness, RED Hospitality & Leisure, and Lismore Capital.
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The contracted sale price reflects a 15.8x EBITDA multiple and a 5.7% net operating income capitalization rate (after an assumed annual capital reserve of 4.0% of total hotel revenues) based on the hotel’s operating performance for 2018.
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Marriott International’s current portfolio of 130 luxury hotels across ten countries and territories in Asia Pacific is poised to grow in 2019 with new openings from JW Marriott, The Ritz-Carlton, St. Regis, and The Luxury Collection.
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Popeyes Louisiana Kitchen Inc. last week announced an agreement to open Popeyes restaurants in Spain with the aim of becoming the market leader.
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Margaritaville Island Reserve Riviera Cancun by Karisma, the first inclusive Margaritaville resort, will debut in Winter 2019. Additional confirmed locations include a second resort in Mexico's Riviera Maya, Jamaica, and Cap Cana in the Dominican Republic, among other destinations in Latin America and the Caribbean.
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Autograph Collection Hotels today announced plans to welcome 17 properties to its global portfolio across North America, Europe and Africa by the end of July.
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Transitioning in 13 hotels and 1,285 rooms
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