The final acquisition price amounts to MEUR 55, corresponding to approximately MSEK 530. The acquired hotel is consolidated and reported under the business segment Operator Activities as of 10 October, 2016.
Source: New feed
The Global Hospitality Group of Jeffer Mangels Butler & Mitchell LLP announced the recent closing of two hotel deals for their clients, Great Wolf Resorts and Wurzak Hotel Group. Jim Butler, Chair of the Global Hospitality Group, and David Sudeck, a senior member, led the transactions and associated EB-5 financing.
Source: New feed
Marriott International Introduces Three New Brands to Cape Town
Source: New feed
AC by Marriott Dallas North and Residence Inn by Dallas North, Located Just One Block From Galleria Dallas, Are Set to Debut in Spring 2018
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Executives at Real Hospitality Group (RHG) are expanding the portfolio with the new development projects slated to open in the last quarter of 2016. The company has continued its growth trajectory with long term projects and relationships now resulting in an expansion in New York City, and Miami, Florida.
Source: New feed
HFZ Capital Group announced today that Six Senses Hotels Resorts Spas, the Bangkok-based operator of five-star hospitality properties, will open its flagship North American urban hotel at HFZ’s full block mixed-use development project currently under construction at 76 11th Avenue along New York City’s High Line park.
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The newly built resort hotel will be on the Curonian Spit – a 98km long curved sandy peninsula that separates the Curonian Lagoon from the Baltic Sea that was made a UNESCO World Heritage site in 2010.
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Hyatt Hotels Corporation (NYSE: H) announced yesterday that a Hyatt affiliate has entered into a management agreement with R.C. Hedreen Company for the operation of a Hyatt Regency hotel currently under development in Seattle, Wash.
Source: New feed
Marriott International Rapidly Expands its Footprint across Africa
Source: New feed
Marriott International continues its expansion across the African continent with news of brand-new signings of new properties in Cape Town, Nairobi, Cairo and Mauritius. This announcement comes hot on the heels of Marriott’s recently completed acquisition of Starwood Hotels and Resorts.
Source: New feed