Home2 Suites by Hilton has achieved its 500th hotel opening in just 10 years, becoming one of the fastest hotel brands in industry history to reach that milestone.
Source: New feed
Based on the hotel’s operating performance for 2019, the $87.5 million reflects a 12.4x EBITDA multiple and a 7.2% net operating income capitalization rate (after an assumed annual capital reserve of 4.0% of total hotel revenues).
Source: New feed
Scheduled to open in late 2022, the 37-story, 600,000-square-foot mixed-use tower will consist of a dual-branded, 380-room Moxy hotel and a 347-room AC hotel.
Source: New feed
Transaction Values Four Seasons at $10 billion
Source: New feed
Ascott Residence Trust will acquire a freehold 1,005-bed student accommodation asset in Texas, USA for US$70.0 million (S$93.8 million), its third student accommodation investment within a span of seven months. One of the newest student accommodation in the area, Wildwood Lubbock is a cottage-style property which serves over 40,000 undergraduate and graduate students from Texas Tech University.
Source: New feed
F4 Transbay Partners appoints Rosewood Hotels & Resorts to open hotel in the Transbay District's final skyscraper development
Source: New feed
Set to open in Phu Quoc in 2023, the 197-key La Festa Phu Quoc, Curio Collection by Hilton will represent Hilton’s first resort in the country, joining three other Hilton-managed hotels in Vietnam including Hilton Hanoi Opera, Hilton Garden Inn Hanoi and Hilton Da Nang.
Source: New feed
MCR has acquired the 146-room Hilton Garden Inn Missoula in the heart of the northern Rockies. The hotel is in the city of Missoula, just down the road from Missoula International Airport.
Source: New feed
The 300-room Holiday Inn Singapore Little India will rebrand from Park Hotel Farrer Park on 7 September ahead of a renovation that will see it relaunch with a fresh identity and positioning.
Source: New feed
Brinker International, Inc. (NYSE: EAT) completed the acquisition of 23 Chili's Grill & Bar restaurants located in the Mid-Atlantic region from its 37-year franchisee, Chesapeake Foods, Inc.
Source: New feed