IHG to Operate 12 Foncière Des Régions Hotels in the U.K.

InterContinental Hotels Group [LON:IHG, NYSE:IHG (ADRs)] has today announced plans to expand its luxury and upscale estate in the UK. IHG has entered into a conditional agreement with Foncière des Régions, to rebrand and operate 12 high quality open hotels (2.2k rooms) and one pipeline hotel (185 rooms) into its portfolio across the UK.
Source: New feed

Scandic Voss Hotel to Open 2020 in Norway

Scandic Hotels has signed a long lease agreement with Bane NOR Eiendom to operate a new hotel in Voss, one of Norway’s most popular holiday destinations. Scandic Voss will be a centrally-located hotel and the first hotel in the town to be operated by a large hotel company.
Source: New feed

Tropical Smoothie Cafe to Develop Eight New Locations in Indianapolis

The brand’s existing franchisees, David and Ruth Buko, alongside first-time Tropical Smoothie Cafe franchisee James Volpert, will be developing eight cafes throughout the Indianapolis area, with the first two locations expected to open in Hamilton and Boone counties in 2019.
Source: New feed

Hyatt Reports First Quarter 2018 Results

CHICAGO (May 2, 2018)- Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) today reported first quarter 2018 financial results. Net income attributable to Hyatt was $411 million, or…

Source: New feed

Jet Aviation Completes Acquisition of Hawker Pacific

Jet Aviation announced today that it has completed its acquisition of Hawker Pacific, a leading provider of Civil MRO, Fleet and FBO Services, and Aircraft Sales across Asia Pacific and the Middle East. The transaction is valued at US$250 million.
Source: New feed