On December 17, 2019, the first franchised KFC restaurant since signing the cooperation agreement was opened in a CNPC gas station in Kunming, Yunnan Province. Meanwhile, in Dalian, Liaoning Province, the first KFC franchised restaurant in a Sinopec gas station is set to open its doors on December 23, 2019.
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Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced it has acquired the newly developed 600-room Hyatt Regency Portland at the Oregon Convention Center located in Portland, Oregon for a purchase price of $190 million, or approximately $317,000 per key.
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Moxy Mexico City, with 120 stylish rooms, buzzing social spaces including an exclusive rooftop bar featuring stunning views of Reforma Avenue’s skyline, is expected to open in 2022.
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Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced it has completed the sale of the 409-room Marriott Griffin Gate Resort & Spa in Lexington, Kentucky for $51.5 million. The sale price represents a 7.1x multiple on the resort's trailing twelve month Hotel EBITDA as of November 30, 2019.
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The groundbreaking took place on the future home of both the athletic resort and co-working destination located at the SW corner of Barnes Road and Cedar Hills Boulevard. This marks the start of the construction project, planned for completion in late 2021.
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CHICAGO (December 19, 2019) –– Hyatt Hotels Corporation (NYSE: H) announced today the opening of Grand Hyatt Hefei in Anhui Province, China. Located within the fast-developing central business…
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CHICAGO (December 19, 2019) – Hyatt Hotels Corporation (NYSE:H) announced today the opening of Hyatt Regency Portland at the Oregon Convention Center, marking Hyatt’s first full-service hotel…
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Awards Franchise Agreements in Austin, Texas and Niagara Falls, New York
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Pebblebrook Hotel Trust (NYSE: PEB)today announced the planned $25 million renovation and transformation of Donovan Hotel to Hotel Zena as the newest member of the 'Unofficial Z Collection,' the Company’s curated portfolio of urban lifestyle hotels. Hotel Zena is expected to open in the second quarter of 2020 in Washington, D.C.
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Condor Hospitality Trust, Inc. (NYSE American: CDOR) provided an update today on the previously announced acquisition by merger of the Company by NexPoint Hospitality Trust (TSX-V: NHT-U). NHT and the Company have agreed to close the Merger on January 31, 2020, subject to the satisfaction or waiver of certain remaining closing conditions.
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