Located in the Dallas Design District on 1445 Turtle Creek Blvd, the new-build property will feature 268 Chambers, including two Penthouse Suites, multiple dining and drinking outlets, including Commons Club the brand's flagship food, beverage and social club concept space, and a rooftop terrace with a pool.
Source: New feed
Vacasa to Acquire Wyndham Vacation Rentals for $162 Million
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.
Source: New feed
IHCL Announces a New Taj Hotel in Dehradun, Uttarakhand
This will be IHCL’s Fifth Hotel in the State
Source: New feed
American Hotel Income Properties REIT LP Sells Economy Lodging Portfolio of 45 Hotels for US$215.5 Million
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
Source: New feed
Station House Inn, South Lake Tahoe, CA Sold
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.
Source: New feed
The Marquee Hotel in New Orleans Joins Ascend Collection
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.
Source: New feed
Crystal Investment Property Brokers Sale of Best Western Cottage Grove Inn, Cottage Grove, Oregon
Representing the Buyer and Seller of this Nationally Recognized Franchise with I-5 Highway Location
Source: New feed
FAT Brands Debuts Presence in Texas With 25-unit Development Deal for Fatburger
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.
Source: New feed
RLH CorporationContract Signing Pace Year to Date 60% Ahead of Comparable 2018 Period
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.
Source: New feed
FCPT Announces Acquisition of Texas Roadhouse Restaurant Property for $1.4 Million
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.
Source: New feed