Weekly Hotel Industry Asia Pacific News Roundup from HVS
Source: New feed
Balance Grille Expands National Franchising Efforts
Balance Grill, a Asian Fast Casual brand revealed its plans to continue its national expansion efforts through a targeted franchising strategy focused on highly-qualified multi-unit operators within select markets across the United States after opening its first franchise location in Colorado last summer.
Source: New feed
Stonehill Expects to Close on $300 Million of Investments in the First Quarter of 2023 and is Targeting $1.5 Billion for 2023.
Deployed $1.2 Billion in Real Estate Investments in 2022
Source: New feed
The Pelican Hotel to Open June 2023 in Accra, Ghana
Located in Cantonments, an affluent suburb of Accra home to various embassies, as well as shopping malls, dining and leisure facilities, the all-suite boutique hotel is set to open in June 2023
Source: New feed
Good Times Restaurants Announces the Purchase of Membership Interests From Its Partners in Five Bad Daddy's Burger Bar Restaurants
Good Times Restaurants Inc. (Nasdaq: GTIM), operator of the Bad Daddy’s Burger Bar and Good Times Burgers & Frozen Custard restaurant brands, today reported its purchase of the limited liability company membership interests from its partners in five previous joint-venture Bad Daddy’s restaurants in Winston-Salem, Fayetteville, Greenville and Greensboro, North Carolina and Greenville, South Carolina.
Source: New feed
HVS Europe Hotel Transactions Bulletin Week Ending 20 January 2023
A summary of European hotel transactions provided by HVS
Source: New feed
Hilton Garden Inn McAllen Airport in McAllen, TX Received $9.1 Million Refinancing Loan
Marcus & Millichap Capital Corporation (MMCC) arranged a $9.1 million loan to refinance The Hilton Garden Inn McAllen Airport in McAllen, TX.
Source: New feed
Radisson Hotel Group Provides Asia Pacific Hotel Development Update
In 2022, Radisson Hotel Group strengthened its operations in five key markets and established local business units in Jakarta, Sydney, Bangkok and Ho Chi Minh City, that will drive its in-market development strategy and while increasing the close collaboration with its local owners and partners.
Source: New feed
Accor CEO on Megamergers, and Battling Marriott and Hyatt in Europe – The Points Guy
The perpetual rumor in the hotel industry is that Paris-based Accor – which owns brands like Raffles, Sofitel and Fairmont – will merge with United Kingdom-based IHG Hotels & Resorts.
Source: New feed
Hyatt Regency Lahore DHA Hotel to Open 2024 in Pakistan
Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a franchise agreement with FP Global (Private) Limited for Hyatt Regency Lahore DHA, which will mark the first Hyatt-branded hotel in Pakistan.
Source: New feed