The property is located in Orlando, Florida, and is occupied under a triple-net lease with approximately 11 years of term remaining. The sale is the result of an unsolicited offer at a cash cap rate of slightly over 5.0%, exclusive of transaction costs.
Source: New feed
The Marriott Nashville Hotel at Vanderbilt University has been acquired by an affiliate of White Lodging Services Corporation.
Source: New feed
Hyatt and the Jinmao Group proudly unveiled Jinmao Hotel Lijiang today, which rebranded from a Grand Hyatt hotel to Jinmao Hotel Lijiang in The Unbound Collection by Hyatt.
Source: New feed
Hilton has signed a franchise agreement with the Cairn Group to open DoubleTree by Hilton Harrogate. The hotel, formerly The Majestic Hotel Harrogate, will open at the end of 2019 following a £10 million refurbishment programme.
Source: New feed
Oxygen Hospitality Group today announced the acquisition of The Ivy Palm Resort & Spa in Palm Springs, California. The 4-building, 2-story, 100-room independent, boutique hotel is the first acquisition of Arizona-based Oxygen Hospitality.
Source: New feed
A Hyatt affiliate has entered into a franchise agreement for a Hyatt Centric hotel in Dublin with Realmside Ltd, an affiliate of Hodson Bay Group, an Irish hotel and property group owned by the O’Sullivan family. The 234-room hotel will be managed by Hodson Bay Group Management Ltd and is expected to open in May 2019.
Source: New feed
As part of a major reinvestment, IHG (InterContinental Hotels Group) is creating over 70 jobs and refurbishing 60,000 square feet of office space at its three-storey corporate facilities in Branston, Burton upon Trent.
Source: New feed
Radisson Hospitality AB, publicly listed on Nasdaq Stockholm, Sweden and part of Radisson Hotel Group, is adding a new territory to its expanding portfolio with the signing of Park Inn by Radisson Lusaka Longacres in Zambia.
Source: New feed
CHICAGO (May 24, 2018) – Hyatt and the Jinmao Group proudly unveiled Jinmao Hotel Lijiang today, which rebranded from a Grand Hyatt hotel to Jinmao Hotel Lijiang in The Unbound Collection by…
Source: New feed
Auberge Resorts Collection today welcomed Mauna Lani Bay Hotel & Bungalows, the resort on the Big Island of Hawaii, to its portfolio. Mauna Lani will undergo an extensive redesign and revitalization and will be reborn as Mauna Lani, Auberge Resorts Collection.
Source: New feed