The sale price of $42.0 million reflects a 17.4x EBITDA multiple and a 5.0% net operating income capitalization rate based on the hotel’s operating performance for 2018.
Source: New feed
Inks Deal for 17 Locations Across Idaho, Montana, Washington, Arizona
Source: New feed
This will be the fourth Ginger Hotel in the state of Goa
Source: New feed
IHG (InterContinental Hotels Group) announced today that it has launched franchise sales efforts for its newest brand – Atwell Suites – in the U.S.
Source: New feed
Two new hotels owned by Inmobiliaria Vistamar break ground in Lima
Source: New feed
InterContinental Hotel Group (IHG) announced today the signing of the hotel management contract for InterContinental Okinawa Chura SUN Resort which is set to open in 2023.
Source: New feed
CHICAGO (September 12, 2019) – Hyatt announced today that the Grand Hyatt brand has been named the ‘Best Business Hotel Brand in the World’ at the 2019 Business Traveller Asia-Pacific Awards…
Source: New feed
Centara Hotels & Resorts has signed hotel management agreements for three new hotels in Phuket's Mai Khao Beach area owned by Maikhao Dream Company Limited. Two properties are already in operation and fall under Centara management from 11th September, while the third property is in development.
Source: New feed
Pan Pacific Hotels Group will debut its deluxe brand, PARKROYAL Hotels & Resorts, in China with the opening of PARKROYAL Dalian in Liaoning Province, China, in Q4 2020.
Source: New feed
Owned by Hospitality Properties Trust (HPT), the hotel is located immediately adjacent to IHG's Americas corporate headquarters.
Source: New feed