Park Hotels & Resorts Inc. (NYSE:PK) last week announced that it has closed on the sale of the 563-room Pointe Hilton Squaw Peak Resort located in Phoenix, AZ, for gross proceeds of $51.4 million, or $91,200 per key before customary closing costs.
Source: New feed
New hotels will mark debut in Liberia while strengthening presence in Morocco and Ghana
Source: New feed
The property is located in Texas and is occupied under a triple-net lease with approximately 8 years of term remaining and 2.5% annual rent increases. The transaction was priced at a 6.75% going-in cash cap rate, exclusive of transaction costs.
Source: New feed
The six hotels: Radisson Collection Hotel Cairo Heliopolis, Radisson Blu Serviced Apartments Cairo Heliopolis, Radisson Blu Hotel Cairo Golf City, Radisson Hotel New Cairo, Radisson Hotel & Resort Ain Sokhna and Radisson Blu Hotel & Resort Makadi Bay, Hurghada will mean Radisson Hotel Group becomes one of the largest international operators in the country.
Source: New feed
Today, Scandic signed an agreement for the sale of Scandic Hasselbacken in Stockholm. The selling price amounts to around 230 MSEK on a debt-free basis. The transaction is expected to result in a capital gain of approximately 180 MSEK for Scandic. The new owners will take over the operation of the hotel on March 1, 2019.
Source: New feed
Valencia, Calif. (February 7, 2019) – Hyatt Regency Valencia and Dimension Development are proud to announce the completion of an expansive transformation of Hyatt Regency Valencia, and…
Source: New feed
Hyatt and S.D. Malkin Properties, Inc. yesterday held a groundbreaking ceremony in Oceanside, California on the site where two new properties are expected to open under the Joie de Vivre Hotels and Destination Hotels brands in late 2020.
Source: New feed
Hilton (NYSE: HLT) has announced a partnership with Handy Cross Dev Co Limited to bring a 150-guest room Hampton by Hilton to High Wycombe, United Kingdom. The hotel is planned for the site to the west of the park and with easy access to the M40 motorway. The project is an integral part of the council's consented masterplan for the hub.
Source: New feed
The 8th Four Seasons hotel in California is the very first to include on-site winery and vineyard
Source: New feed
The brand projects to open 17 franchise locations by year-end while awarding 25 more as it strategically expands its nationwide footprint.
Source: New feed