Summit Hotel Properties, Inc. (NYSE: INN) yesterday announced that it has entered into a definitive contribution and purchase agreement to acquire a 27-hotel portfolio totaling 3,709 guestrooms, two parking structures and various financial incentives through its existing joint venture with GIC for total consideration of $822 million from affiliates of NewcrestImage.
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Redberry Restaurants announces today an Area Development Agreement with Burger King Corporation to develop 50 new Burger King restaurants in Quebec and 15 new restaurants in Saskatchewan over the next five years. An additional 60 Burger King restaurants are scheduled for remodelling, which is more than half of the current Redberry-owned Burger King locations.
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Nathan's Famous, Inc. announces a new expansion plan into Saudi Arabia. Nathan's Famous will serve their world-famous hot dogs and fries in seven kiosks across Saudi Arabia, with plans to open three more in the coming weeks.
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Multi-unit franchisee Fresh Dining Concepts to accelerate development outside of malls and open co-branded units street side across New York City's five boroughs
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California-based Impossible Foods has arrived in Australia and New Zealand, marking the company’s third and fourth international market launches in 14 months.
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The hotels are: The Whitley, A Luxury Collection Hotel, Atlanta Buckhead in Georgia; The Westin Buckhead Atlanta in Georgia; The Westin Los Angeles Airport, located at the Los Angeles International Airport in California; San Ramon Marriott, located in Santa Clara, California; and the Westfields Marriott Washington Dulles, located in Chantilly, Virginia.
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Hard Rock Hotels today announced plans for the new Hard Rock Hotel Marbella located in the heart of Puerto Banús in Costa del Sol, Spain. Previously the Andalucía Plaza Hotel, the property is undergoing a complete transformation to convert the site into a Hard Rock Hotel with 384 rooms, including 50 suites. Stoneweg Hospitality and Bain Capital Credit acquired the property earlier this year and renovations are slated to take place through June 2022.
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EOS Investors LLC yesterday announced its acquisition of Red Jacket Resorts, a leading portfolio of resort destinations with locations in Cape Cod, Massachusetts and the White Mountains of New Hampshire.
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IHG Hotels & Resorts has launched franchise sales in the United States for its newest brand – Vignette Collection – providing an opportunity for independent hotel owners in markets across the country. IHG unveiled the Luxury & Lifestyle collection brand in August, along with the first properties to join the collection in Australia and Thailand.
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Meliá Hotels International looks to bring a touch of Spanish luxury to Indonesia with the opening of Gran Meliá Lombok in 2024. Already one of the hotel group's most sought-after destinations, the new opening will mark the first Gran Meliá property on the paradise island of Lombok and its second in Indonesia.
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