California Pizza Kitchen announced the signing of two new international franchise agreements and plans to open seven international restaurants and two airport locations by year-end.
Source: New feed
Smoothie King Reports Signing of 51 New Store Commitments in Q1 2022
Smoothie King today announced strong franchise growth in the first quarter of 2022, signing development agreements to open 51 new stores in key growth markets such as the Carolinas, Florida, New York, Ohio, Texas, and Wisconsin, among others.
Source: New feed
FCPT Announces Acquisition of a Red Lobster Restaurant Property for $2.4 Million
The property is located in a strong retail corridor in Arizona and is occupied under a triple net lease to the corporate entity with approximately eight years of term remaining.
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Huff, Niehaus Closes Sale of Hotel and Vacant Land
Huff, Niehaus & Associates, Inc. is pleased to announce the successful sale of the Quality Inn and adjacent four acres of commercial use land located in Carrollton, Kentucky. Brandt Niehaus, President of Huff, Niehaus & Associates, Inc., and member of Hotel Brokers International worked closely with the Seller and Buyer in this transaction.
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Summit Hotel Properties Acquires Canopy by Hilton New Orleans Downtown Hotel for $56.0 Million
The closing of this transaction completes the $822 million portfolio acquisition from NewcrestImage which included 27 hotels containing 3,709 guestrooms, two parking structures, and various financial incentives.
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Benihana Announces Agreement to Open Six Restaurants
Benihana Inc. today announced it signed agreements to open five new Benihana restaurants and one RA Sushi restaurant.
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Ambasciatori Venice Mestre Tapestry Collection by Hilton Hotel to Open in Early 2023
Hilton (NYSE: HLT) today announced the signing of a franchise agreement with Hotel Ambasciatori Srl to open Ambasciatori Venice Mestre, Tapestry Collection by Hilton in the Mestre area of Venice.
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Lexus Unveils “Wellness Destinations” to Nurture Mind, Body and Spirit
PLANO, Texas (March 29, 2022) ¾ Lexus is hitting the road for health and wellness. For those striving for a better self and looking to incorporate more balance and mindfulness into their lives,…
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Vail Resorts Acquires 55 Percent Stake in a Swiss Resort
Vail Resorts, Inc. (NYSE: MTN) announced today that it has entered into an agreement to purchase a majority stake in Andermatt-Sedrun Sport AG from Andermatt Swiss Alps AG, marking the company's first strategic investment in, and opportunity to operate, a ski resort in Europe.
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HVS Asia Pacific Hospitality Newsletter – Week Ending 25 March 2022
Weekly Hotel Industry Asia Pacific News Roundup from from HVS
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