Vacasa and Wyndham Destinations (NYSE:WYND) announced today that they have entered into a definitive agreement under which Vacasa will purchase Wyndham Vacation Rentals for approximately $162 million. The transaction is expected to close this fall, subject to customary closing conditions.
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This will be IHCL’s Fifth Hotel in the State
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The sale price represents an attractive selling capitalization rate of approximately 8.2%, based on trailing 12-months net operating income, after management fees and FF&E reserve
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Oliver Hospitality announced today that it has acquired the Best Western Station House Inn and its Lewmarnel’s Food & Spirits in South Lake Tahoe, California. Oliver plans to start renovations on the hotel and restaurant in Q4 2019 and rebrand as a vintage motel called with a revamped design, food, beverage and social areas.
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Situated at 144 Elk Place in the heart of New Orleans' theater district, The Marquee offers guests convenient access to the best of The Big Easy in every direction.
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Representing the Buyer and Seller of this Nationally Recognized Franchise with I-5 Highway Location
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The first stores will open in Dallas, Houston, San Antonio and Austin. The new stores will mark the debut of Fatburgers in Texas and add to more than 200 Fatburger locations worldwide.
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RLH Corporation (NYSE:RLH) announced today the Company executed 40 hotel franchise agreements during the second quarter, an increase of approximately 38% versus the number of contracts signed during the second quarter of 2018.
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The property is located in Wisconsin and is occupied under a triple-net lease with approximately 8 years of term remaining. The transaction was priced at a 6.7% going-in cash cap rate, exclusive of transaction costs.
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As part of the agreement, HMSHost will debut two new Panera airport locations, first at Charlotte Douglas International Airport's Concourse E, and soon to follow at Salt Lake City International Airport's Concourse A in 2020. Additional airport and travel plaza locations are slated to open throughout 2020 and beyond.
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