AVANI Hotels & Resorts announced that the third AVANI location in Bangkok will be along the capital’s main commercial, business, and leisure artery of Sukhumvit, in its up and coming On Nut and Phra Khanong neighbourhoods. AVANI Sukhumvit Bangkok Hotel is schedule to open end of 2018.
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Local entrepreneur, Yousef Ayyash, has finalized his plans to bring the American craft beer bar franchise, Beerhead Bar & Eatery, to Michigan residents for the first time. Yousef’s Beerhead Bar & Eatery franchise will be located at 44375 W. 12 Mile Road at Fountain Walk and is expected to open this summer.
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Jack in the Box Inc. (NASDAQ: JACK) today announced that it has completed the sale of Qdoba Restaurant Corporation to an affiliate of certain funds managed by affiliates of Apollo Global Management, LLC (NYSE: APO) for approximately $305 million in cash. Qdoba operates and franchises more than 700 QDOBA MEXICAN EATS restaurants in the U.S. and Canada.
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Four Seasons Hotels and Resorts announced plans for the development of Caye Chapel, a private island in Belize featuring magnificent oceanfront estates, private residences and overwater bungalows.
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The Park Inn by Radisson Vilnius Airport Hotel, located within the VNO Business and Retail Park, is just 300 meters from the Vilnius International Airport and 6km from the city center. According to the data collected by the Lithuanian Department of Statistics, 2017 recorded close to 2 million room nights, an increase of 3.7% over 2016.
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Choice Hotels International, Inc. (NYSE: CHH), franchisor of Cambria Hotels, recently began a new effort centered on multi-unit development to help grow the brand even more rapidly. The expanded approach will use part of the $475 million in capital support the company has earmarked for the Cambria brand to target developers that will build multiple properties.
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HelloFresh to offer organic vegan, gluten-free, Keto and Paleo meal plans
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Hodges Ward Elliot is announcing they represented WPPI Bellevue AC, LLC in the recent $87,000,000 sale of the AC Hotel Seattle Bellevue/Downtown to lshin Aju Hotel Bellevue LLC.
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Joseph P. Kennedy, President of CIP, worked closely with the Seller and Buyer, as well as the parties’ other professionals, to negotiate a mutually acceptable sale. The final sale price is confidential.
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Acquired by Hui Xian REIT in 2017, the hotel is currently being redesigned and integrated into the adjacent Chongqing Metropolitan Oriental Plaza, which is also under Hui Xian REIT’s ownership.
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