Leisure Real Estate Advisors, LLC has announced the successful sale of the Holiday Inn Express located at 2415 N. Lincoln Avenue in Fremont, Nebraska. Built in 2003, the 94-key hotel was listed for $9,600,000.
Source: New feed
The global travel and tourism industry, which has been struggling to rebound from the COVID-19 pandemic induced slowdown, is facing another setback with a significant drop in deal activity.
Source: New feed
Red Roof will open 50 properties – new builds and conversions – in 2023, representing 60 percent year on year growth.
Source: New feed
With over 8,100 rooms in 21 states, the diverse portfolio is national in scope with representation in the upper midscale and upscale segments across all major brand companies.
Source: New feed
Located in San Francisco's Nob Hill neighborhood, the storied property has long been a nostalgic symbol of a bygone era, having originally been constructed in 1924 as the first steel and brick high rise west of the Mississippi.
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Ms. Zitelli-Davis has worked with hotel developers and operators for over 7 years and specializes in hotel brokerage, site selection and development. She has completed nearly $100 million in lease transactions and has closed over $50 million in land transaction sales.
Source: New feed
Mr Gatti's Pizza has announced its plans to expand its reach in Louisiana by opening three new locations. The first restaurant is set to open by spring 2024.
Source: New feed
A summary of European hotel transactions provided by HVS
Source: New feed
Hyatt Hotels Corporation (NYSE:H) today announced a multi-property collaboration with Be Live Hotels that will include the growth of the Sunscape Resorts & Spas brand in the Caribbean. The deal is expected to expand Hyatt’s Inclusive Collection, which was introduced following Hyatt’s acquisition of Apple Leisure Group in 2021, by nearly 2,000 rooms.
Source: New feed
DSH Hotel Advisors announced that Dennis S. Hopper, CCIM, Managing Principal of the firm, and Dylan N. Amin, Senior Investment Associate, arranged the sale of the recently renovated 117-room Quality Inn Kennedy Space Center by Choice Hotels, located in Titusville, Florida for $7,400,000 on March 9th, 2023.
Source: New feed