The Siegel Group Nevada, Inc. announced yesterday that it had acquired a 244-unit hotel property located in Albuquerque, New Mexico that was previously operated under both the Travelodge and Super 8 motel brands for $4 million.
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MCR yesterday announced that it has acquired the 111-room Hilton Garden Inn Allentown West located in Allentown, PA, for $15.0 million. The property is located at the intersection of I-78 and PA Route 100, which is the center of the Lehigh Valley’s manufacturing and logistics industry.
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IHG will grow the franchise business in China, working with established strategic partners who have proven track records of superior hotel management and operations experience.
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CHICAGO (November 28, 2017) – Hyatt Place Shanghai Hongqiao CBD and Hyatt House Shanghai Hongqiao CBD open today in Shanghai Hongqiao’s Central Business District. The openings of these hotels…
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Arby’s Restaurant Group, Inc. and Buffalo Wild Wings, Inc. (Nasdaq: BWLD) today announced that the companies have entered into a definitive merger agreement under which ARG will acquire BWLD for $157 per share in cash, in a transaction valued at approximately $2.9 billion, including BWW’s net debt.
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Four STK Restaurants to open in next 4 years
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RH (NYSE: RH) announced the opening of RH West Palm, The Gallery at CityPlace. The Gallery at West Palm integrates all of RH’s businesses – RH Interiors, Modern, Outdoor, Baby & Child, TEEN, Interior Design and Hospitality – and includes a Rooftop Restaurant, Wine Vault and Barista Bar by celebrated restaurateur and founding president of RH Hospitality, Brendan Sodikoff.
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Summit Hotel Properties, Inc. (NYSE: INN) yesterday announced that it has completed the acquisition of four hotels with a combined total of 652 guestrooms for an aggregate purchase price of $164 million, or approximately $252,000 per key.
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Emaar Hospitality Group has achieved a milestone of 10,000 hotel rooms across its 11 operational hotels and 30 upcoming projects. Of these, over 2,500 are operational at the Group’s 11 hotels in Dubaiwhile over 7,500 rooms are under development in the UAE, Saudi Arabia, Bahrain, Egypt, Turkey and the Maldives.
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Starwood Capital Group announced today that it has entered, through a controlled affiliate, into the sale and management back transaction to acquire the Sofitel Budapest Chain Bridge Hotel from Orbis Hotel Group, the leading hotel operator in Eastern Europe.
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