Cracker Barrel and Punch Bowl Social Enter into Strategic Relationship

July 23, 2019

Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) and Denver-based Punch Bowl Social today announced they have entered into a strategic relationship, with Cracker Barrel taking a non-controlling position in the concept. Under the terms of the agreement, Cracker Barrel will invest up to approximately $140 million to acquire its initial non-controlling stake and to provide growth capital for future development.
Source: New feed

Thompson Denver Hotel Breaks Ground

July 23, 2019

Hyatt Hotels Corporation (NYSE: H) has announced plans for Thompson Denver, the first Thompson Hotels property in the state of Colorado, expected to open in 2021.
Source: New feed

Holiday Inn Dubai Deira Islands Announced for 2023

July 23, 2019

Comprising four man-made islands, Dubai Deira Islands will be a mixed-use waterfront development featuring almost six million sqft of retail space, 3,000 apartments, hotel rooms, a mall, night souk, a large amphitheatre and a marina. Once completed, the development is set to transform old Dubai into a hub for leisure, tourism and retail.
Source: New feed

Two New-Build Radisson Resorts Coming to Poland

July 23, 2019

The Radisson Resort Szklarska Poręba and Radisson Resort Kołobrzeg will be operated by Zdrojowa Hotels under an International Franchise Agreement with Radisson Hospitality AB.
Source: New feed

RA Hospitality Holdings (Cayman) Announces the Signing of a $2 Billion Primary and Secondary Management Investment Round with OYO Hotels & Homes

July 22, 2019

OYO Hotels & Homes, the world's fastest-growing chain of hotels, homes and living spaces, today announced that in a landmark move, Founder & CEO, Ritesh Agarwal, through RA Hospitality Holdings (Cayman), has signed $2 billion primary and secondary management investment round, supported by global institutional banks and his financial partners, subject to regulatory and shareholder approvals.
Source: New feed