CHICAGO (January 7, 2019) – Hyatt Hotels Corporation (NYSE: H) announced today the opening of Hyatt Regency Addis Ababa, the first Hyatt branded hotel in Ethiopia and the seventh in Africa….
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CHICAGO (January 6, 2019) – Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Regency Al Kout Mall, marking the reintroduction of the Hyatt Regency brand to Kuwait. The…
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Interstate Hotels & Resorts has been selected by investment group Rockbridge to manage The Westin Portland Harborview, a historic property in Portland, Maine.
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Jerry Schwartz makes first investment in Queensland with purchase of Hilton Surfers Paradise
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The Greenwich Hospitality Group (GHG) today announced its acquisition of West Bay Beach Holiday Inn Resort in Traverse City, Michigan for $23.2 million. The 179-room full service waterfront resort, originally built in 1968, is located on the West Bay in downtown Traverse City.
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Sycuan Casino Resort and Clique Hospitality have announced a partnership as a part of Sycuan's $260 million expansion. Clique is set to open and operate a steakhouse, a luxury cocktail lounge and a pool experience.
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The Beachcomber Beach Resort and Hotel and The Grand Plaza Beach Hotel & Beach Resort were acquired at a reported purchase price of $100 million. The partnership will commit an additional $24 million for major renovations to upgrade and rebrand the two properties.
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At the South China roadshow, held at InterContinental Shenzhen, IHG signed 14 new franchise properties including Crowne Plaza Chengdu Longquan Yi, Holiday Inn & Suite Chengdu Longquan Yi, Holiday Inn Daocheng Yading, Holiday Inn Qinhuangdao Haigang, Holiday Inn Suihua and nine additional Holiday Inn Express properties in cities and tourism destinations including Chengdu, Shenzhen, Foshan, Yangjiang, Jiangmen, Jinjiang, Fuxian Lake, Lishui and Nanjing.
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Generates a 35% IRR and a 3.7X equity multiple on its 2012 investment.
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Best Western branded properties in Mexico will now operate in a PDR with Best Western Hotels & Resorts' South American division, bringing direct support to the 100 Best Western branded properties across Mexico, South America and Central America.
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