Service Properties Trust (Nasdaq: SVC) announced today that it will transfer branding and management of 98 hotels to Sonesta, including 2 full-service, 56 select-service and 40 extended-stay hotels across the U.S.
Source: New feed
Fairfield by Marriott Doubles Its Footprint In Japan With Eight Hotels Slated To Open Across Four Prefectures
Sekisui House has partnered with Marriott International to further enhance their 'Trip Base' initiative – a project seeking to revitalize local sightseeing spots – with the opening of hotels alongside 'Michi-no-Eki' roadside stations.
Source: New feed
Service Properties Trust Terminates Agreements with Marriott for 122 Hotels
SVC Plans to Transfer the Management of 98 of the 122 Hotels to Sonesta – SVC has Entered Agreements to Sell 24 of the 122 Hotels for $153 million
Source: New feed
Ruby Tuesday Files for Chapter 11
Ruby Tuesday announced today that it has filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code.
Source: New feed
IHG Brings Hotel Indigo to the Sultanate of Oman
Hotel Indigo Jabal Al Akhdar will feature 176 rooms and will open its doors to guests in early 2022.
Source: New feed
Choice Hotels Signs Largest Minority Multi-Unit Franchise Agreement In Program History
Choice Hotels International, Inc.'s (NYSE: CHH) emerging markets franchise development program has awarded a contract to Fredric Washington to develop six hotels. This new contract with an African American entrepreneur represents the largest minority multi-unit franchise agreement executed in the program's history.
Source: New feed
World of Hyatt Continues to Lead With Care by Providing Members Increased Flexibility and Rewarding Offers
CHICAGO (October 6, 2020) – As the travel industry continues to recover from the COVID-19 pandemic, World of Hyatt remains committed to advancing care by extending several benefits for all…
Source: New feed
With a Tsunami of Hotel Problems Looming, Hotel Brokers International Creates New Distressed Assets Task Force
Under the leadership of the American Hotel & Lodging Association, hotel industry executives and trade organizations sent an urgent letter to Congress pleading for help. Their letter cited an alarming national report from Trepp® that indicates nearly one-in-four U.S. hotels are at risk of foreclosure because of the dramatic economic impact of Covid-19.
Source: New feed
Hyatt Announces Plans for the First Hyatt Hotel in St. Lucia
Grand Hyatt St. Lucia to mark first Hyatt-branded hotel on the island of St. Lucia
Source: New feed
A&G Offering Leases for 163 Pizza Hut Sites in 26 States As Part of NPC International's Chapter 11 Restructuring
Freestanding and inline locations average 2,600 sq. ft.; firm also advising NPC on leases for over 1,000 Pizza Hut and Wendy's locations that remain in operation
Source: New feed