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CoralTree has been the asset manager of the resort and now will manage Suncadia as a franchise under the Destination by Hyatt brand.
Source: New feed

Scheduled to open in the spring of 2024, the 377-room new-build hotel will mark the debut of the DoubleTree by Hilton brand and the third Hilton-managed hotel in Osaka, joining Hilton Osaka and Conrad Osaka in the city.
Source: New feed

Given the positive outlook for franchising in the current economy, Little Caesars is looking to accelerate the brand's growth in the Denver market beyond its more than 30 existing locations by focusing on multi-unit agreements in its search for partners to lead this expansion.
Source: New feed

Chatham Lodging Trust (NYSE: CLDT today announced that the company has acquired in an off-market transaction two hotels comprising 269 rooms at the Domain in Austin, Texas, for $71.2 million, or approximately $265,000 per room.
Source: New feed

H.I.G. Capital, LLC announced today that an affiliate has acquired a 238-room hotel property previously housing the Swissôtel Basel. The property will undergo a major renovation program and a rebranding.
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Designed by international, award-winning Hachem Architecture, the 110-room hotel is expected to open in 2024 and will be one of the region’s premier business, leisure and MICE destinations, with 400sqm of flexible meeting space including a large ballroom with stunning rural views, as well as a 90-seat restaurant and bar, a day spa, gymnasium and outdoor pool.
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The new build hotel will extend over six storeys and will include 176 rooms, a spacious lobby, a restaurant, a bar and various conference facilities.
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CHICAGO (August 3, 2021) – Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) today reported second-quarter 2021 financial results. Net loss attributable to Hyatt was $9 million, or…

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Odd Burger Corporation (TSXV: ODD announced today its newest location in London, Ontario is largely complete and is scheduled to open mid-August. Odd Burger South London (645 Commissioners Road East) brings the chain's total to four locations, with two additional restaurants set to open soon.
Source: New feed

Hyatt today announced that a Hyatt affiliate has entered into a management agreement with an affiliate of Millat Properties for Hyatt House Johannesburg Sandton. The planned opening of the property will mark the introduction of Hyatt’s select service and extended stay brand, Hyatt House, to the continent and the third Hyatt-branded hotel in South Africa.
Source: New feed