Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced its acquisition of the former Mandarin Oriental, Atlanta, a 127-room luxury hotel located in the upscale Buckhead area of Atlanta, Georgia, for $53.5 million, or approximately $421,000 per key.
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Travelport Worldwide Limited (NYSE: TVPT), a leading travel technology company, today announced that it has entered into a definitive agreement to be acquired by affiliates of Siris Capital Group, LLC and Evergreen Coast Capital Corp. in an all-cash transaction valued at approximately $4.4 billion.
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Slated to open in the fourth quarter of 2021, the opening of Mövenpick Resort Van Phong and Mövenpick Resort & Spa Halong Bay will add 525 rooms to the company's portfolio in the region.
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One of Hampton Roads' favorite restaurants, The Dirty Buffalo, recently announced that it has been approved to offer franchises for sale in Virginia.
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Scandic Hotels has signed a long-term lease agreement with developers Art-Invest Real Estate and Accumulata Real Estate for the operation of a new hotel, Scandic Munich Macherei.
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Hilton Garden Inn Tbilisi Riverside will be situated on the banks of the Kura River, close to two of the city's universities, political ministries and a number of large corporate offices. The hotel will include 161 guestrooms, some of which will overlook the river, a bar and restaurant, as well as a fitness centre and two meeting rooms.
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700 Wanda Moments Hotels To Be Developed Within 5 Years
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Joseph P. Kennedy, President of CIP, worked closely with the Seller and Buyer, as well as the parties’ other professionals, to negotiate a mutually acceptable sale. The final sale price is confidential.
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Crocker Partners revealed its vision for Restaurant Row – a 22,500 sf restaurant-only property – to the Community Appearance Board (CAB) on Tuesday, November 27.
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Study Hotels is continuing their expansion into prominent university markets with its third property, The Study at University of Chicago. The new hotel plans to open its doors to guests in the first quarter of 2021.
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