The transaction, which is subject to customary contingencies, terms and closing conditions, is expected to close by year-end. The sale is part of the Company’s ongoing hotel asset disposition program.
Source: New feed
Marriott International expects to have more than 5,000 rooms in the Philippines by end 2024, driven by strong owner demand
Source: New feed
Brand Awards Franchise Agreements in Kansas City, Missouri, and Indianapolis
Source: New feed
Scandic has signed a lease agreement for the hotel which will offer 480 hotel rooms and 5,700 m2 of meeting space. The hotel is expected to open in 2024.
Source: New feed
Hotel brand announces a new property in development in Brickel
Source: New feed
Under the terms of the agreement, Caesars will continue to operate the property pursuant to a lease for a minimum of two years and pay annualized rent of $45 million. The Buyer has the option to pay Caesars $7 million to extend the lease under similar terms for a third year.
Source: New feed
The Ritz-Carlton, Montenegro is scheduled to open in 2024 and design plans for the hotel include 120 guestrooms and suites.
Source: New feed
Radisson Hotel Group announced the signing of its fourth Radisson Blu property in Romania, the Radisson Blu Hotel, Cluj-Napoca – based in the regional capital of Transylvania.
Source: New feed
Company announces four new deals including entry into Cape Verde; Development pipeline expected to drive owner investment of over $2 billion and generate 12,000 new jobs
Source: New feed
Series B, co-led by RXR Realty and GV, will bring first Kitchen United kitchen centers to NYC market
Source: New feed