Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt has reached a definitive agreement with Host Hotels & Resorts (NYSE: HST) for the sale of the 301-room Andaz Maui at Wailea Resort, the 668-room Grand Hyatt San Francisco, and the 454-room Hyatt Regency Coconut Point Resort and Spa for approximately $1.0 billion.
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The Company filed for Chapter 11 protection on October 18, 2017 and emerged from bankruptcy on February 15, 2018. The Company successfully renegotiated lease terms, vendor contracts and secured $13.5MM in new capital to both fund the restructuring efforts and invest directly in the Company in the form of human capital and systems.
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Baskin-Robbins announced today its continued expansion in the Toronto, Ontario market with the signing of four new store development agreements with three existing franchise groups. The first Baskin-Robbins shop under these new agreements is scheduled to open in 2019.
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Marriott International Reports Strong Fourth Quarter 2017 Results
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Marriott International And Witkoff Set To Open Integrated Resort To Be Named The Drew Las Vegas
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Marriott International Marks 2017 As Year Of Historic International Expansion
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Marriott International Announces Release Date For Fourth Quarter 2017 Earnings
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The brand’s most recent franchise agreements include locations in the Great Lakes area, Boston, Massachusetts and Pocatello, Idaho, all of which are projected to open in 2018. Boston’s also opened a much-anticipated location in West Fargo, North Dakota, in August of this year.
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Fast casual cafe closes 20th anniversary year with more than 180 franchise agreements and 104 new openings
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Auberge Resorts Collection today announced that the company has acquired, in partnership with Flynn Properties, and will manage Madeline Hotel and Residences, the world-class ski-in/ski-out resort in the mountain playground of Telluride, Colo.
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