Chatham Lodging Trust (NYSE: CLDT) today announced that the company has acquired the recently opened 167-room Courtyard by Marriott Downtown Dallas, Texas, for $49 million, or approximately $293,000 per room. The hotel opened in September, 2018.
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IHG (InterContinental Hotels Group) has signed a management agreement with ACICO Gulf Real Estate to rebrand Nassima Royal Hotel to voco Dubai, marking the first signing of voco, IHG's new upscale hotel brand, in the Middle East.
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Pan Pacific Hotels Group signed its first PARKROYAL Serviced Suites in Bangkok, Thailand with Phachara Suites Co. Ltd today. PARKROYAL Suites Bangkok will be opening in Q2 2019 and will be the Group's first property in the market.
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Leonardo Hotels are planning to open a fourth hotel in Frankfurt am Main. The Leonardo Hotel in Europaallee 94 is being built next to a 66-meter-high office tower and is due to open in 2021.
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Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into an agreement with A&B Group for the Nam Nghi Phu Quoc Island to join The Unbound Collection by Hyatt brand by early 2019.
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Radisson Blu brings its fourth United States location to Anaheim, Calif. BPM Real Estate Group and Radisson Hotel Group broke ground on the planned four-star, luxury resort hotel on November 30, with plans to open in mid-2020.
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The sale price of $30.0 million includes the 140-room hotel and the 57,000 square foot fitness center which is fully leased to a third-party tenant until June 2019. The sales price reflects a 7.9x EBITDA multiple and an 11.2% net operating income capitalization rate.
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CHICAGO (December 4, 2018) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into an agreement with A&B Group for the Nam Nghi Phu Quoc Island to join The…
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Red Planet Japan Inc. (3350:JP) today announced the formation of a joint venture with funds managed by GreenOak Investment Management K.K., the Japanese arm of GreenOak Real Estate, that will develop Red Planet branded hotels in select city centres throughout Japan.
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YOTEL developing hotel in Long Island City in partnership with Eastone Equities
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