The purchase price for the eight properties was approximately $9.4 million and represents a capitalization rate consistent with our investment thresholds and past transactions. The leases have a current weighted average remaining term of approximately 8.5 years.
Source: New feed
Following the settlement of the Offer and subject to the final confirmation of the number of shares submitted by the investors in the Offer, AccorHotels will own, directly and indirectly, 85.8% of Orbis’ share capital.
Source: New feed
Mondrian Polanco Hotel & Residences to Debut in 2021 Followed by Mondrian Del Valle in 2022
Source: New feed
Dillashaw, an avid juicer and organic food advocate, recently agreed to a multi-unit Franchise Agreement that will bring additional stores to the California and Colorado markets under his ownership.
Source: New feed
A Church's Chicken in Jackson, Mississippi has announced a domestic transfer of its restaurant from father to sons. Ron Craddock opened the 100 East Presley Boulevard location over 20 years ago and is now passing it on to his sons, Ben and David Craddock.
Source: New feed
ASAI Yankin slated to open in 2020
Source: New feed
The dual-brand property broke ground in November 2017 and will feature both a Tru by Hilton and a Home2 Suites by Hilton.
Source: New feed
The reacquisition of the direct franchising rights was effected through the termination of the master license agreement between Wyndham Hotels and its master licensee for the Days Inn system in China.
Source: New feed
The site is located within a mile of I-75, the major highway along the west coast of Florida. Downtown Tampa is 12 miles to the NW via US-302 and the Selmon Expressway
Source: New feed
Capriotti's Sandwich Shop has signed a franchise agreement set to bring three new restaurants to Rhode Island, with the first location opening in Lincoln in April 2019.
Source: New feed