Hilton (NYSE: HLT) has signed a franchise agreement with Castlebridge Hotels Birmingham Airport Limited, a wholly owned subsidiary of Wylam Investments, to open a Hilton Garden Inn hotel at Birmingham Airport.
Source: New feed
Several ultra-luxury hotel brands are bidding to take over the management contract of the current Trump International Hotel & Tower in Toronto, including a reflagging of the property, according to Reuters.
Source: New feed
Jamba, Inc. (NASDAQ:JMBA), announced today, current franchisee, SuSu Hospitality Group, LLC, has acquired 13 Company-owned stores and signed a 10-unit development agreement, to nearly double Jamba’s footprint in the Chicago market.
Source: New feed
La Quinta Holdings Inc. (NYSE: LQ) announced the completion of an extensive renovation to the La Quinta Inn & Suites – Chicago Downtown located at One South Franklin in the heart of Chicago’s financial and theatre district, nearby many of the city’s top attractions. The 239-room hotel now has a completely new interior.
Source: New feed
The sale price of $118.0 million reflects a 25.2x EBITDA multiple and a 3.3% net operating income capitalization rate.
Source: New feed
Crescent Hotels & Resorts has been selected to manage the AAA 4 Diamond Westin San Jose, once known as San Jose’s ‘Million Dollar Hotel.’
Source: New feed
Announces Agreement to Convert Courtyard Philadelphia to Marriott’s Autograph Collection
Source: New feed
CHICAGO (June 20, 2017) – The Hyatt Place brand today announced its new, innovative breakfast experience that puts the power of breakfast in guests’ hands with customizable Build Your Own…
Source: New feed
The sleekly designed 81-room boutique hotel is situated by the Brooklyn waterfront. The property features newly renovated, modern guest rooms that showcase residential inspired finishes and details, including oversized work desks, comfy task chairs and triple-sheet bedding
Source: New feed
The lease, which currently expires in 2043, will be extended by 24 years and will now expire in 2067. Through this agreement, the Company was also able to secure options to further extend the ground lease by either 10 or 20 additional years depending on the amount of capital expenditures invested in the Hotel during the term.
Source: New feed