Author: hotelprojectdata

Mandarin Oriental to Manage Second Hotel in Dubai

May 2, 2017

Mandarin Oriental Hotel Group has announced today that it will manage a second luxury hotel and branded residences in Dubai which is targeted to open in late 2020. The hotel, located in downtown Dubai, will complement Mandarin Oriental Jumeira Beach, Dubai, the Group’s previously announced urban resort which is currently under construction on the beachfront and due to open in the fourth quarter of 2018.
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Bloomin' Brands, Inc. Refranchises 54 Company-Owned Locations to Longtime Franchise Partners

May 1, 2017

Bloomin’ Brands, Inc. (NASDAQ: BLMN) announced the sale and refranchising of 45 Outback Steakhouses in Arizona, Colorado, Nevada and New Mexico to Cerca Trova Restaurant Concepts, Inc. and its affiliates, along with eight Outback restaurants and one Carrabba’s Italian Grill in Montana, South Dakota, Utah and Wyoming to Evergreen Restaurant Group LLC.
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Viceroy Da Nang Vietnam Hotel Announced for 2020

May 1, 2017

Set to open in 2020, Viceroy Hotel Group shared a first look at upcoming Viceroy Da Nang Vietnam, a five-star hotel found at the heart of the soon-to-come Cocobay entertainment and hospitality hub.
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Hospitality Investors Trust Completes Acquisition of Seven Hotels from Summit Hotel Properties for $66.8 Million

May 1, 2017

The seven hotels in the Summit Portfolio consist of 651 keys and were acquired for an aggregate purchase price of $66.8 million. All the properties in the portfolio have long term franchise agreements with one of the following brands: Marriott International (Courtyard, Residence Inn and Fairfield Inn), Hilton Hotels (Homewood Suites) or IHG (Staybridge Suites).
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