Minor Hotels announced a 50/50 joint venture partnership with B&G Park Co. Ltd, to own and operate a resort in the beachside town of Hua Hin in Thailand. Currently operating as Ananda Hua Hin Resort & Spa, the property will be rebranded to AVANI Hua Hin Resort & Villas on November 20, 2017 and represents an investment of USD 22.5 million by Minor Hotels.
Source: New feed
JHM Hotels today announced that the company will transition into four new independent hotel companies, paving the way for the second generation of the successful family business.
Source: New feed
WoodSpring also announced that the company plans to open an additional 45 hotels (35 franchised, 10 corporate owned and operated) in 2018, has executed 23 deals year-to-date and has over 25 deals in the sales pipeline across the U.S., making it a record development year for the brand.
Source: New feed
Ruth’s Hospitality Group, Inc. (RHGI) (Nasdaq:RUTH) announced the acquisition of six Hawaii Ruth’s Chris Steak House locations from longtime franchise partner Desert Island Restaurants.
Source: New feed
Starbucks (NASDAQ: SBUX) today announced entry into a definitive agreement for Unilever to acquire the assets of the Tazo brand including its signature recipes, intellectual property and inventory for $384 million. In turn, Starbucks will drive a single tea brand strategy and focus with its super premium tea brand, Teavana.
Source: New feed
CHICAGO (November 2, 2017) – Hyatt Hotels Corporation (NYSE: H) announced today the entry of the Hyatt House brand into the Turkish market with the opening of Hyatt House Gebze. The opening of…
Source: New feed
Kerzner International Holdings Limited has entered into a partnership agreement with Dolphin Capital Partners and Dolphin Capital Investors, for the development of One&Only Kéa Island resort in Greece, inclusive of long-term management.
Source: New feed
Created through a partnership between Ian Schrager and Marriott International, the EDITION brand is slated to grow exponentially from a collection of four to eleven properties by the end of 2018.
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The 16 story, 182 room hotel is located at 7807 Kirby, with the Texas Medical Center and NRG Stadium serving as two of its primary demand generators.
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With yesterday’s groundbreaking, over $1.25 billion of new development is now under construction in the Arlington Entertainment District including Texas Live! and the Rangers new ballpark. Together, these projects are part of a greater $4 billion vision for the Entertainment District that also includes the preservation of Globe Life Park.
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