The property is located in New Jersey and is occupied under a triple-net lease with approximately 9 years of term remaining and 10% rent escalations every 5 years.
Source: New feed
CHICAGO (February 12, 2019) – As Americans gear up to travel in 2019, a new survey from the Hyatt Place brand found that the more people spend their time away from home, the more likely it is…
Source: New feed
YOTELPAD Park City officially breaks ground in the Upper Canyon of the country’s largest ski resort, scheduled for completion in summer 2020.
Source: New feed
pens More Than 50 New Locations and Experiences Surge in Franchise Opportunities
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Four Points by Sheraton Monrovia to become first internationally-branded hotel in Liberia
Source: New feed
MCR, the sixth-largest hotel owner-operator in the United States, has acquired the 116-room Hampton Inn & Suites Chicago/Waukegan.
Source: New feed
CBL Properties (NYSE:CBL) and Vision Hospitality Group, Inc. today announced plans to develop a 135-room Aloft by Marriott in Chattanooga, Tennessee, as part of the Sears redevelopment project at Hamilton Place.
Source: New feed
Park Hotels & Resorts Inc. (NYSE:PK) last week announced that it has closed on the sale of the 563-room Pointe Hilton Squaw Peak Resort located in Phoenix, AZ, for gross proceeds of $51.4 million, or $91,200 per key before customary closing costs.
Source: New feed
New hotels will mark debut in Liberia while strengthening presence in Morocco and Ghana
Source: New feed
The property is located in Texas and is occupied under a triple-net lease with approximately 8 years of term remaining and 2.5% annual rent increases. The transaction was priced at a 6.75% going-in cash cap rate, exclusive of transaction costs.
Source: New feed