Radisson Blu brings its fourth United States location to Anaheim, Calif. BPM Real Estate Group and Radisson Hotel Group broke ground on the planned four-star, luxury resort hotel on November 30, with plans to open in mid-2020.
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The sale price of $30.0 million includes the 140-room hotel and the 57,000 square foot fitness center which is fully leased to a third-party tenant until June 2019. The sales price reflects a 7.9x EBITDA multiple and an 11.2% net operating income capitalization rate.
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CHICAGO (December 4, 2018) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into an agreement with A&B Group for the Nam Nghi Phu Quoc Island to join The…
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Red Planet Japan Inc. (3350:JP) today announced the formation of a joint venture with funds managed by GreenOak Investment Management K.K., the Japanese arm of GreenOak Real Estate, that will develop Red Planet branded hotels in select city centres throughout Japan.
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YOTEL developing hotel in Long Island City in partnership with Eastone Equities
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Choice Hotels International, Inc. (NYSE: CHH) has signed an agreement with Ash Properties to develop a five-story, 132-room Cambria Hotel in Jacksonville, Fla. The hotel is slated to open in 2020.
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Hotel will hold its last full day of operations in its current form on 5 January 2019.
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The recently renovated, all-suite hotel features 288 suites, 5,000 square feet of meeting space and a 150-space garage, all located at the gateway of Center City.
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Franchisees Focus on Use of Marketing Funds and Relationship Issues Significantly Impacting the Business Model
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Hilton Birmingham at UAB, The University of Alabama at Birmingham’s flagship hotel on campus, has completed its multi-million dollar renovation, officially converting from a DoubleTree by Hilton property to a Hilton Hotels & Resorts hotel.
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