CHICAGO (March 14, 2018) – Hyatt and Hui Xian Real Estate Investment Trust (“Hui Xian REIT”) jointly announced today an agreement for Hyatt to manage a hotel owned by Hui Xian REIT. Located…
Source: New feed
Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced that it has completed the sale of the leasehold interest in the 693-room Aston Waikiki Beach Hotel in Oahu, HI for a sale price of $200 million, or approximately $310,000 per key. The price represented a 12.6x multiple on the Hotel’s 2017 EBITDA.
Source: New feed
Chinese conglomerate HNA Group will sell its 25 percent stake in Hilton Grand Vacations Inc (HGV.N), the timeshare business spun off last year from U.S. hotel chain Hilton Worldwide (HLT.N), Hilton Grand said on Tuesday.
Source: New feed
An Oman based investor’s group led by Al Za-man Group of Companies has acquired a portfolio of four IntercityHotels across Germany sold by Invesco Real Estate.
Source: New feed
CHICAGO (March 14, 2018) – Hyatt Hotels Corporation (Hyatt) today announced the appointment of Stephen Ho as President – Greater China, Global Operations, in line with plans to accelerate growth…
Source: New feed
InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] today announced that it has agreed to acquire a 51% stake in Regent Hotels and Resorts for $39 million in cash. IHG will have the right to acquire the remaining 49% interest in a phased manner from 2026.
Source: New feed
Hotel transactions in the U.S. top 25 markets accounted for just 37% of sales in 2017, down from 52% of all sales in 2016.
Source: New feed
Hilton (NYSE:HLT) last week announced plans to open a new hotel in Copenhagen, following a franchise agreement with BC Hospitality Group A/S (BCHG).
Source: New feed
CHICAGO (March 13, 2018) – Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Place Macaé, a smartly designed, high-tech and contemporary hotel in the Brazilian state of…
Source: New feed
CHICAGO (March 13, 2018) – Hyatt Hotels Corporation (NYSE: H) today announced executed management and franchise contracts for five hotels. The executed contracts, which represent important…
Source: New feed