The Chinese government has seized control of a deal-hungry insurance firm that owns major assets in the U.S. including the Waldorf Astoria, and is prosecuting the company’s chairman.
Source: New feed
American furniture retailer West Elm has done it, as have luxury brands such as Armani and Bulgari. Now Japanese lifestyle giant Muji, which is known for its minimalist aesthetics, is taking a step into the hospitality business.
Source: New feed
Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt has reached a definitive agreement with Host Hotels & Resorts (NYSE: HST) for the sale of the 301-room Andaz Maui at Wailea Resort, the 668-room Grand Hyatt San Francisco, and the 454-room Hyatt Regency Coconut Point Resort and Spa for approximately $1.0 billion.
Source: New feed
The Company filed for Chapter 11 protection on October 18, 2017 and emerged from bankruptcy on February 15, 2018. The Company successfully renegotiated lease terms, vendor contracts and secured $13.5MM in new capital to both fund the restructuring efforts and invest directly in the Company in the form of human capital and systems.
Source: New feed
Baskin-Robbins announced today its continued expansion in the Toronto, Ontario market with the signing of four new store development agreements with three existing franchise groups. The first Baskin-Robbins shop under these new agreements is scheduled to open in 2019.
Source: New feed
Marriott International Reports Strong Fourth Quarter 2017 Results
Source: New feed
Marriott International And Witkoff Set To Open Integrated Resort To Be Named The Drew Las Vegas
Source: New feed
Marriott International Marks 2017 As Year Of Historic International Expansion
Source: New feed
Marriott International Announces Release Date For Fourth Quarter 2017 Earnings
Source: New feed
The brand’s most recent franchise agreements include locations in the Great Lakes area, Boston, Massachusetts and Pocatello, Idaho, all of which are projected to open in 2018. Boston’s also opened a much-anticipated location in West Fargo, North Dakota, in August of this year.
Source: New feed