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
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
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
Brand to enter new markets in West Texas and Florida with 20 new locations
Source: New feed
Yum China and Lavazza Plan to Accelerate Expansion of Lavazza Cafés in China and Extend Partnership to Product Distribution
Aiming for 1,000 Lavazza cafés in China by 2025 through the existing joint venture
Source: New feed
Velvet Taco Plans Aggressive Expansion In Southeast And South-Central Regions
Brand plans to double in size by end of 2022 to over 40 locations
Source: New feed
Condor Hospitality Trust Sells Entire Portfolio of Hotels for $305 Million
Condor Hospitality Trust, Inc. (NYSE American: CDOR) announced today that it has entered into an agreement with affiliates of Blackstone Real Estate Partners to sell its entire portfolio of hotels in a $305 million transaction. This is an all cash transaction without the assumption of any existing debt.
Source: New feed
Hyatt Announces Pricing of Public Offering of 7,000,000 Shares of Common Stock
CHICAGO, September 22, 2021 — Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H), a leading global hospitality company, announced today the pricing of its underwritten…
Source: New feed
Nathan's Famous Continues International Expansion with European Push to Offer Hot Dogs in France
Brand teams up with Tommy's Café to bring Nathan's Hot Dogs to France for the first time
Source: New feed
Pan Pacific to Launch 13 New Hotels by 2024
Pan Pacific Hotels Group will establish a presence in key gateway cities, including London, Kuala Lumpur, Jakarta, Dalian, Hanoi, Phnom Penh, and Siem Reap.
Source: New feed