CHICAGO (May 25, 2023) – Hyatt Hotels Corporation (NYSE: H) announced the continued expansion of the Hyatt Regency brand in the U.S. with the recent openings of two Houston-area hotels: Hyatt…
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Four Corners Property Trust (NYSE:FCPT) announced the signing of a definitive agreement to acquire up to 14 Darden restaurant properties (13 Cheddar’s Scratch Kitchen properties and 1 Olive Garden property) for a purchase price of up to $85.0 million on initial cash rent of up to approximately $5.35 million.
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First move-ins are slated for Fall 2024 with the retail and restaurant portions slated for completion in Fall 2025.
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A summary of European hotel transactions provided by HVS
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IHG Hotels & Resorts (IHG) and Mori Trust Co Ltd have signed a partnership agreement to open Hotel Indigo Nagasaki Glover Street in late 2024.
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Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with SIC Hospitality GmbH for Kennedy 89, a luxury hotel currently under development.
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Recapping the first quarter, executives from public hotel companies and others in the travel industry shared international travel trends that are driving optimism for the rest of the year.
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JLL Capital Markets announced that it arranged $36.8 million in construction financing for 550-566 E Colorado BLVD., a 194-key, six-story hotel development in the Playhouse District of Pasadena, California.
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The three-meal, French-inspired restaurant is expected to open in late 2023 as part of the property’s multimillion-dollar transformation from Harrah’s New Orleans to Caesars New Orleans.
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Mandarin Oriental announced the development of a new hotel and accompanying residences in Athens. Mandarin Oriental, Athens will be located on the shoreline of the city and just a 15-minute drive from the centre.
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