The properties are located in Alabama and Virginia, respectively, and are occupied under triple net leases with 8 years of weighted average term remaining. The transaction was priced at a 6.9% going-in cash cap rate, exclusive of transaction costs.
Source: New feed
CHICAGO (April 22, 2019) – Hyatt Hotels Corporation (NYSE: H) announced today the official opening of Hyatt Place Dubai/Wasl District, marking the third property under Hyatt’s select service…
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CHICAGO (April 20, 2019) – Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Regency Beijing Shiyuan, located in the vibrant Yanqing District of China’s capital city….
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Once erected over a 90-day period, the 360-foot-tall tower will represent a milestone for Marriott's ongoing initiative to encourage hotel developers in North America to embrace modular for new construction projects.
Source: New feed
Arbor Lodging Partners Expands in Five Markets, Increasing Its Portfolio to 25 Hotels Nationwide
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New Mexico Casino Set to Open Hollywood's Favorite Burger Brand
Source: New feed
Company to open Kitchen Centers in San Francisco and Los Angeles, with second location coming to Chicago
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New Agreement Keeps Hard Rock Cafe's Flagship Location at Universal CityWalk Through 2039
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The agreement will see IHG expand its presence in Sub-Saharan Africa, including key countries such as South Africa, Botswana, Mozambique, Mauritius, Ethiopia, Zambia and Kenya.
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The new-build Hotel & Serviced Apartment project, due to open in 2021, will consist of 300 rooms – including 50 serviced apartments, a conference hall, five meeting rooms, a gym, an all-day dining restaurant, a lobby lounge/bar and a Sky Bar.
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