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Weekly Hotel Industry Asia Pacific News Roundup from HVS
Source: New feed

Stonehill, a commercial real estate direct lender, originated a $79.8 million, three-year, floating-rate bridge loan for New York-based Churchwick Partners to support the recapitalization and acquisition of a 12-property, extended-stay hotel portfolio consisting of 1,432 rooms.
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MGM Shanghai West Bund will feature 161 guest rooms and 58 suites
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With the acquisition of the Travelodge portfolio by Salter Brothers now complete, a total of 10 hotels have joined Accor's portfolio, including nine Mercure hotels and an ibis Styles property in Sydney's CBD.
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MCR has acquired the DoubleTree by Hilton Hotel Tallahassee, a 17-story, 242-room hotel in Florida’s state capital. The hotel was purchased as a real estate-owned asset from a special servicer and is the company’s seventh hotel in The Sunshine State.
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IHG has signed a management agreement with Oriental Structural Engineers Pvt. Ltd. to develop a new Holiday Inn hotel – Holiday Inn Gurgaon NH 8 in the NCR region. The new-build property featuring 139 keys is expected to be operational by the first quarter of 2025.
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Radisson Hotel Group announced the signing of a brand-new upscale resort in Mui Ne, the popular beachside destination on the country’s coast, just a short drive from Ho Chi Minh City.
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CHICAGO (July 5, 2022) – Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Regency Jaipur Mansarovar. The property underlines Hyatt’s focus on strengthening its brand…

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Tasty Brands, LP an affiliate of Triton Pacific, announcedlast week that its portfolio company, Tasty Hut, LLC, recently completed the acquisition of 27 franchised Pizza Hut restaurants, located across four states in the Appalachian region of the U.S.
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The acquisition increases Ascott's global portfolio by 81 properties and about 15,000 units. Oakwood's approximately 8,500 operational units are expected to immediately contribute to Ascott's recurring fee income streams upon completion of the transaction slated in 3Q 2022.
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