Excel Group Acquires Three Hotel Portfolio in Virginia, New York and Rhode Island

Washington DC-based real estate investment firm Excel Group has announced its recent acquisition of three hotels – the 151-room Hyatt Place Dulles Herndon-East in Herndon, VA; the 161-room Hampton Inn Long Island Brookhaven in Farmingville, NY; and the 101-room Hampton Inn & Suites Providence-Smithfield in Smithfield, RI.
Source: New feed

347 Room Hilton Kansas City Airport Hotel Sold

The LCP Group, L.P. (LCP) and Blue Vista Capital Management (Blue Vista) jointly announced today the acquisition of the Hilton Kansas City Airport in Kansas City, Missouri.
Source: New feed

Stoner's Pizza Joint Announces New Ownership of Jacksonville Location and New Franchise Development Agreement for Two Restaurants

Stoner's Pizza Joint announced yesterday that Bruce Levy of Chatham Foods & Dining LLC, has assumed ownership of its existing Jacksonville, Florida location, located at 11565 N. Main St. Additionally, Levy has signed a franchise development agreement to open two new restaurants in the state, targeting the greater Jacksonville area, as well as St. Augustine.
Source: New feed

Voco Giza Pyramids Hotel Announced for 2022

IHG (InterContinental Hotels Group) has signed a management agreement with Arab International Tourism Investment Company to debut the voco™ brand in Egypt, with the development of voco™ Giza Pyramids. Part of a mixed-use development, which will include a high-end mall, the 17,000 sqm hotel is scheduled to open in 2022.
Source: New feed

Hilton Times City Yangon Hotel to Open 2022 in Myanmar

Hilton (NYSE: HLT) today announced the signing of a management agreement with Myanmar partners Crown Advanced Construction Co. Ltd to operate a 308-key hotel near downtown Yangon, Myanmar.
Source: New feed

Extended-Stay Chain Affordable Suites of America Sold

Lindsay Goldberg today announced that it has acquired Affordable Suites of America, Inc., a owner, operator and franchisor of extended-stay hotels in the Southeastern United States. Terms of the transaction were not disclosed.
Source: New feed