MCR has acquired the Staybridge Suites Chattanooga Downtown, a five-story, extended-stay hotel with 124 suites in Chattanooga, Tennessee. The hotel was purchased at over a 25% discount to MCR’s estimated replacement cost.
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BWH Hotel Group announced today that SureStay Hotel Group has surpassed 400 properties around the world with 250 hotels now open in North America.
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CHICAGO (December 1, 2022) – Hyatt Hotels Corporation (NYSE: H) and Playa Hotels & Resorts N.V. (NASDAQ: PLYA) today announced the opening of Hyatt Zilara Riviera Maya. Nestled in the secluded…
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All-Inclusive by Marriott Bonvoy Portfolio announces the first JW Marriott and W Hotel in Costa Mujeres, alongside Almare, a Luxury Collection All-Inclusive resort on Isla Mujeres
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InterContinental Hotels Group announced today that it has signed with Shanghai Seagull Holding Group Co., Ltd. to jointly open a luxury hotel – Regent Shanghai on The Bund. The hotel is scheduled to open in 2023 after renovations are completed, becoming the second Regent in Shanghai.
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Blackstone Real Estate Income Trust, Inc. and VICI Properties Inc. (NYSE: VICI) announced jointly today that they have entered into a definitive agreement in which VICI, currently owner of a 50.1% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort, will acquire BREIT’s 49.9% interest in the joint venture for cash consideration of approximately $1.27 billion and VICI’s assumption of BREIT’s pro-rata share of the existing property-level debt.
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Taconic Capital Advisors LP and HEI Hotels & Resorts, today announced that they have jointly acquired Hyatt Regency Jersey City from affiliates of Hyatt Hotels Corporation (NYSE: H) and Veris Residential Inc. (NYSE: VRE).
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The property is newly constructed and located in a highly trafficked corridor in Texas and is corporate-operated under a triple net lease with approximately 10 years of term remaining.
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he taco restaurant company opened its 39th restaurant November 17 in Kalamazoo, MI and already has 12 new restaurants scheduled to open in 2023, with 6 of those in new Condado Tacos markets.
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The Master Franchise and Development Agreement will see the group both develop on their own and initiate master franchising activity in Canada with an initial agreement to develop at least 20 Freddy's restaurants.
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