CHICAGO / SHANGHAI, CHINA (February 26, 2019) — Hyatt Hotels Corporation (NYSE: H) and BTG Hotels (Group) Co., Ltd. (Shanghai Stock Exchange: 600258) announced today affiliates of Hyatt and…
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The historic Raleigh Hotel property in Miami was purchased today by a joint venture between Deutsche Finance America, Bilgili Holding and SHVO. The partnership purchased the property for $103 million from Tommy Hilfiger and Turkish conglomerate Dogus Group, which had owned the Raleigh since 2014.
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Vail Resorts will acquire Falls Creek and Hotham resorts in Victoria, Australia from a subsidiary of Merlin Entertainments for a purchase price of approximately AU$174 million
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Construction kicks off on resort project valued at more than $160 million USD
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East Coast Wings + Grill (ECW+G) experienced high-performing returns across several unit-level categories over the last calendar year, according to the casual-dining franchise's 2018 economic report released today.
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In 2018, hotel transactions exceeded 700 deals for a total valuation of $29.5 billion, according to STR's Hotel Transaction Almanac.
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The sale price of $141.5 million reflects a 14.9x EBITDA multiple and a 5.9% net operating income capitalization rate (after an assumed annual capital reserve of 4.0% of total hotel revenues) based on the hotel’s operating performance for 2018.
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Situated in Warsaw's business district, the Radisson Collection Hotel, Warsaw will be close to the city's Financial Center and the Rondo ONZ Tower.
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Choice Hotels International, Inc. (NYSE: CHH) has signed agreements with Equinox Hospitality to develop three dual-brand Sleep Inn and MainStay Suites properties and two stand-alone Sleep Inn hotels. These midscale hotels will be built in the Phoenix metropolitan area and across California, and the first hotel is set to open in 2021.
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CHICAGO (February 25, 2019) – Hyatt Hotels Corporation announced today the official opening of Andaz Munich Schwabinger Tor, the first Andaz branded hotel in Germany. Joining Andaz hotels in top…
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