The contracted sale price reflects a 15.8x EBITDA multiple and a 5.7% net operating income capitalization rate (after an assumed annual capital reserve of 4.0% of total hotel revenues) based on the hotel’s operating performance for 2018.
Source: New feed
Marriott International’s current portfolio of 130 luxury hotels across ten countries and territories in Asia Pacific is poised to grow in 2019 with new openings from JW Marriott, The Ritz-Carlton, St. Regis, and The Luxury Collection.
Source: New feed
Popeyes Louisiana Kitchen Inc. last week announced an agreement to open Popeyes restaurants in Spain with the aim of becoming the market leader.
Source: New feed
Margaritaville Island Reserve Riviera Cancun by Karisma, the first inclusive Margaritaville resort, will debut in Winter 2019. Additional confirmed locations include a second resort in Mexico's Riviera Maya, Jamaica, and Cap Cana in the Dominican Republic, among other destinations in Latin America and the Caribbean.
Source: New feed
Autograph Collection Hotels today announced plans to welcome 17 properties to its global portfolio across North America, Europe and Africa by the end of July.
Source: New feed
Transitioning in 13 hotels and 1,285 rooms
Source: New feed
Kimpton Hotels & Restaurants announced today its first property in Nebraska, a complete rehabilitation of the historic Blackstone Hotel and former office building. The project is scheduled to open in the spring of 2020.
Source: New feed
Radisson Hotel Old Town Riga is developed in collaboration with the group's long-term partner Astor Group, and is a rebranding of the former Astor Riga Hotel.
Source: New feed
The property is located in Illinois and is leased to the corporate operator under a double-net lease with approximately 3 years of term remaining.
Source: New feed
CHICAGO (May 31, 2019) – Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt has selected Jim Tierney to serve as senior vice president of development and owner relations for the Hyatt…
Source: New feed