Park Hotels & Resorts Inc. (NYSE:PK) today announced that it closed on the sale of 11 non-core assets, including a portfolio of three Embassy Suites hotels, a portfolio of seven U.K. hotels and one South African hotel for total gross proceeds of $317 million, equating to $136,000 per key across three separate transactions.
Source: New feed
CHICAGO (February 26, 2018) – Hyatt Hotels Corporation (NYSE: H) today announced the appointment of Mark Vondrasek as the company’s chief commercial officer. In this role, Vondrasek will be…
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The Chinese government has seized control of a deal-hungry insurance firm that owns major assets in the U.S. including the Waldorf Astoria, and is prosecuting the company’s chairman.
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American furniture retailer West Elm has done it, as have luxury brands such as Armani and Bulgari. Now Japanese lifestyle giant Muji, which is known for its minimalist aesthetics, is taking a step into the hospitality business.
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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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