Twenty14 Holdings (T14H), the hospitality investment arm of Abu Dhabi-based LuLu Group International, has entered into a forward purchase contract with Swiss real estate developer Necron AG for the upcoming IntercityHotel Zurich Airport in Rümlang, Switzerland.
Source: New feed
Nearly 120 Franchise Agreements Awarded as Brand Expands
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Hilton Grand Vacations Inc. (NYSE: HGV) announced Maui Bay Villas by Hilton Grand Vacations, which will be HGV’s 10th property in Hawaii and its first on the island of Maui.
Source: New feed
AWH Partners, LLC, a privately held real estate investment, development and management firm, announces the acquisition of the Topnotch Resort and Spa establishing the ownership group's presence in the emerging 'East Coast Capital of Skiing.'
Source: New feed
PGHC Holdings, Inc., the parent company of the popular New England restaurants Papa Gino's Pizzeria and D'Angelo Grilled Sandwiches, this week announced it received approval to sell its business to an affiliate of Wynnchurch Capital, LLC, a private equity investment firm. The sale, which does not include franchisee locations, is scheduled to close by January 31.
Source: New feed
FoodMaven, a Colorado-based startup, announced today that the company has closed an additional financing. Tao Capital Partners joins as an investor in the current $10M dollar round, along with funding from members of the Walton family.
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With its opening now just months away, Four Seasons Hotel Bengaluru at Embassy ONE is now confirming reservations beginning May 1, 2019
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IHG (InterContinental Hotels Group) will open more than 25 Kimpton hotels across 20 new global destinations including Mexico City, Paris, Barcelona, Bali and Shanghai, in the next three to five years.
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The hotels will be built throughout Michigan and North Carolina, as well as in the metropolitan areas of Jacksonville, Fla. and Nashville, Tenn.
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The lease has 20 years of initial term and rent increases of 10% every five years during the initial term. The capitalization rate is consistent with past transactions.
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