Downtown Detroit Hotel to Be Rebranded to Hotel Indigo

Glenmont Capital Management, LLC, a New York-based real estate investment firm led by Managing Principal, Lawrence A. Kestin, announced the acquisition of the 241-key Holiday Inn Express & Suites Detroit Downtown. The property will undergo a comprehensive $10 million renovation and upon completion will be rebranded to a Hotel Indigo. Construction is scheduled to commence in late 2018.
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Margaritaville Resort in New York City Announced

New 234-Room Destination is Underway at 560 Seventh Avenue; Will Feature Signature Dining Options, Retail Space, a Rooftop LandShark Bar & Grill and Pool, & More
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Meliá Hotels Announces New Hotels in Dubai and Marrakesh

Meliá Hotels International has just announced, during the main tourism fair of the Arab market (the ATM of Dubai), two new hotels that will open throughout this year in the United Arab Emirates and Morocco.
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Wendy's Unveils New Family of Designs

The Wendy’s Company (NASDAQ: WEN) has announced a 2020 goal of opening more than 600 new restaurants across the globe. As part of its efforts to grow and differentiate the brand while keeping energy stewardship at the forefront, Wendy’s recently unveiled a new ‘Smart Family of Designs,’ providing a portfolio of development options to franchisees, including buildings that fit into smaller footprints.
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