The Beachcomber Beach Resort and Hotel and The Grand Plaza Beach Hotel & Beach Resort were acquired at a reported purchase price of $100 million. The partnership will commit an additional $24 million for major renovations to upgrade and rebrand the two properties.
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At the South China roadshow, held at InterContinental Shenzhen, IHG signed 14 new franchise properties including Crowne Plaza Chengdu Longquan Yi, Holiday Inn & Suite Chengdu Longquan Yi, Holiday Inn Daocheng Yading, Holiday Inn Qinhuangdao Haigang, Holiday Inn Suihua and nine additional Holiday Inn Express properties in cities and tourism destinations including Chengdu, Shenzhen, Foshan, Yangjiang, Jiangmen, Jinjiang, Fuxian Lake, Lishui and Nanjing.
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Generates a 35% IRR and a 3.7X equity multiple on its 2012 investment.
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Best Western branded properties in Mexico will now operate in a PDR with Best Western Hotels & Resorts' South American division, bringing direct support to the 100 Best Western branded properties across Mexico, South America and Central America.
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CHICAGO (January 3, 2019) –– Hyatt Hotels Corporation (NYSE: H) today announced the rebranding of Hyatt Place Goa/Candolim to Hyatt Centric Candolim Goa, marking the brand’s second hotel in…
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The December 18 closings include a fantastic Louisville International Airport Hotel near multiple demand generators and an owner/operator Hotel located in Indiana. Both hotels were exclusively listed by Huff, Niehaus & Associates, Inc.
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The Middleby Corporation (NASDAQ:MIDD) today announced the acquisition of EVO America, Inc., a leading design and manufacturer of ventless cooking equipment for the commercial foodservice industry.
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The property is located in Virginia and is occupied under a double-net lease with approximately nine years of term remaining. The transaction was priced at a 6.65% going-in cash cap rate, exclusive of transaction costs.
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CHICAGO (DECEMBER 18, 2018) – Hyatt Hotels Corporation (NYSE: H) announced today the opening of Grand Hyatt Hangzhou, formerly Hyatt Regency Hangzhou, marking the first Grand Hyatt hotel in…
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Named one of the Top 10 Best New Hotels in America on USA Today's 10Best list, The Embassy Row Hotel is located at the popular Dupont Circle, just 75 steps from the Dupont Circle Metro Station.
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