Joining 32 other Sheraton Grand properties worldwide, the Sheraton Grand London Park Lane will start a new chapter in the hotel’s 90-year history this October, following a multi-million pound top-to-bottom renovation.
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Hilton Worldwide will be welcoming guests in each of the Baltic nations by 2018 following plans unveiled today to bring its midscale Hilton Garden Inn brand to Lithuania and Latvia. The announcement, made at a press conference in Vilnius attended by the mayor of the city, follows last month’s opening of Hilton Tallinn Park, Estonia, the company’s first hotel in the Baltic region.
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The most significant growth will take place within the Asia Pacific region, in which Oakwood Asia Pacific will grow its portfolio by more than 40 percent through 2017. The growth includes the just opened Oakwood Hotel & Apartments Brisbane, the company’s first branded property in Australia, and expansion of branded properties into Singapore, Malaysia and Vietnam; while simultaneously solidifying its presence in existing key markets, such as China and Japan.
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Don’t let this young woman with the designer couture dresses and light-hearted, socialite personality fool you. At the age of 35, Paris Hilton is continuing to build on a huge empire, and will soon launch a new line of luxury hotels bearing her name in Dubai, New York and Las Vegas.
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Four Corners Property Trust (NYSE:FCPT) announced today that it acquired six Pizza Hut restaurants in the Chicago-Naperville-Elgin MSA in Illinois and Indiana for $5.7 million via a sale and leaseback transaction.
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Intrigue runs high and low at the iconic Plaza Hotel, which India’s embattled Sahara Group appears on the verge of selling to a Qatari sovereign wealth fund for around $550 million. But ‘appears’ is key, because nothing about the Plaza is easy.
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Sonnenblick-Eichner Company has arranged $25.25 million of first mortgage debt to finance Provenance Hotel Partners’ (‘PHP’) acquisition of Old No. 77 Hotel & Chandlery, a historic 167-room, full-service boutique hotel in New Orleans.
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Telepizza, the largest non-U.S.-based pizza delivery company in the world by number of stores, advances its international strategy and announces its first master franchise agreement to start operations in Malta.
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Jimmy’s Egg Franchise Systems (JEFS) announced today the signing of six new Area Development Agreements for 52 new restaurants to be built in Kansas, Arkansas, Texas, New Mexico, Nebraska and Iowa. This development activity will bring Jimmy’s Egg into three new states: Arkansas, New Mexico, and Iowa.
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Sub Zero Ice Cream has recently opened a new flagship corporate headquarters, training center and test kitchen in historic downtown Provo that will serve as the company’s home base, model store prototype and testing ground for continued menu experimentation throughout the brand’s more than 50 stores nationwide.
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