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93-Key Holiday Inn Express & Suites Hotel in Port St. Lucie, Florida Sold for $8.9 Million

September 27, 2021

The Hotel is situated on two acres of urban core and features hotel rooms, one- and two-bedroom suites, a pool, fitness center, business center, and breakfast area. The acquisition closed on August 31, 2021, at a purchase price of $8.9 million.
Source: New feed

Hotel Indigo Bandung Dago Pakar to Open 2024 in Indonesia

September 27, 2021

Scheduled to open in 2024, the 275-room Hotel Indigo Bandung Dago Pakar will be located in the Dago neighbourhood, in the northern region of Bandung.
Source: New feed

Pink Taco Announces Two New Locations in Washington, D.C., and New York City

September 27, 2021

The New York City location at 7 Times Square and the Washington, D.C., location at 100 M Street SE will be in the heart of the city's historic Navy Yard neighborhood.
Source: New feed

Hotel Transactions Pace Stagnates Across Middle East Markets – CoStar

September 27, 2021

With a muddled investment landscape and strong competition for assets, many investors in the Middle East and Africa remain focused on repositioning, capital expenditures and opportunistic purchases.
Source: New feed

The Cosmopolitan of Las Vegas Sells for $5.65 Billion

September 27, 2021

Blackstone (NYSE: BX) today announced that Blackstone Real Estate Partners VII L.P. has reached an agreement to sell The Cosmopolitan of Las Vegas for $5.65 billion.
Source: New feed

FCPT Announces Acquisition of a Three Property Portfolio from Washington Prime Group for $5.1 Million

September 27, 2021

Four Corners Property Trust (NYSE:FCPT) announced the acquisition of a Buffalo Wild Wings property, a Wells Fargo property, and a Texas Roadhouse property for $5.1 million from Washington Prime Group.
Source: New feed

FCPT Announces Acquisition of an Arby’s Property for $1.9 Million

September 27, 2021

The property is located in a strong retail corridor in Ohio and is corporate-operated under a triple net lease with approximately five years of term remaining.
Source: New feed

Pebblebrook Hotel Trust Acquires Margaritaville Hollywood Beach Resort in Hollywood, FL Sold for $270 Million

September 24, 2021

Pebblebrook Hotel Trust (NYSE: PEB) today announced that it acquired the 369-room oceanfront Margaritaville Hollywood Beach Resort in Hollywood, Florida for $270 million from an affiliate of KSL Capital Partners, LLC. The lifestyle resort will continue to be managed by Davidson Hospitality Group.
Source: New feed

Hyatt Announces the Exercise of the Underwriters' Option to Purchase Additional Shares of Common Stock

September 24, 2021

CHICAGO, September 24, 2021 — Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H), a leading global hospitality company, announced today that, in connection with its previously…

Source: New feed

Shipley Do-nuts Accelerates Growth With New Multi-Unit Deals

September 23, 2021

Brand to enter new markets in West Texas and Florida with 20 new locations
Source: New feed

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