An Oman based investor’s group led by Al Za-man Group of Companies has acquired a portfolio of four IntercityHotels across Germany sold by Invesco Real Estate.
Source: New feed
Al Zaman Group Acquires IntercityHotel Portfolio
March 14, 2018
Hyatt Appoints Industry Leader Stephen Ho as President – Greater China, Global Operations
March 14, 2018
CHICAGO (March 14, 2018) – Hyatt Hotels Corporation (Hyatt) today announced the appointment of Stephen Ho as President – Greater China, Global Operations, in line with plans to accelerate growth…
Source: New feed
IHG Acquires 51% Stake in Regent Hotels & Resorts for $39 Million in Cash
March 14, 2018
InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] today announced that it has agreed to acquire a 51% stake in Regent Hotels and Resorts for $39 million in cash. IHG will have the right to acquire the remaining 49% interest in a phased manner from 2026.
Source: New feed
U.S. Investment in Price Per Hotel Room Drops 12 Percent
March 14, 2018
Hotel transactions in the U.S. top 25 markets accounted for just 37% of sales in 2017, down from 52% of all sales in 2016.
Source: New feed
Hilton Copenhagen City Centre Hotel Announced for 2020
March 13, 2018
Hilton (NYSE:HLT) last week announced plans to open a new hotel in Copenhagen, following a franchise agreement with BC Hospitality Group A/S (BCHG).
Source: New feed
Hyatt Place Macaé Officially Opens Its Doors in the State of Rio de Janeiro
March 13, 2018
CHICAGO (March 13, 2018) – Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Place Macaé, a smartly designed, high-tech and contemporary hotel in the Brazilian state of…
Source: New feed
January and February 2018: Hyatt Announces Five Newly Executed Management and Franchise Deals
March 13, 2018
CHICAGO (March 13, 2018) – Hyatt Hotels Corporation (NYSE: H) today announced executed management and franchise contracts for five hotels. The executed contracts, which represent important…
Source: New feed
Starbucks Enters Licensing Agreement with SouthRock to Drive Growth in Brazil
March 13, 2018
The agreement provides SouthRock the rights to develop and operate Starbucks stores in Brazil.
Source: New feed
Zazz Island Resort to Open in the Maldives
March 12, 2018
Hong Kong based Asia Prestige Management (APM) had successfully secured Ranveli Island Resort in Dec 2017. The island is strategically located in South Ari Atoll of Maldives and only 25 minutes seaplane ride from Male City. The resort will be re-branded as Zazz Island Resort.
Source: New feed
Dunkin' Donuts Announces Plans For Three New Restaurants In Kansas City, Missouri With New Franchisee Hope And Destiny, Inc.
March 12, 2018
Development plans for the restaurants are currently underway, which are slated to open over the next several years throughout the Warrensburgand Sedalia areas. The first of the three restaurants is scheduled to open in 2019, with future development plans throughout the state thereafter.
Source: New feed