Starwood Capital Group announced today that it has entered, through a controlled affiliate, into the sale and management back transaction to acquire the Sofitel Budapest Chain Bridge Hotel from Orbis Hotel Group, the leading hotel operator in Eastern Europe.
Source: New feed
The new hotel signings are focused across Carlson Rezidor’s brands Radisson Blu, Radisson, Park Plaza, Park Inn by Radisson and Country Inns & Suites By Carlson.
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Hospitality Ventures Management Group (HVMG) today announced the completed conversion of the former Hilton Phoenix Suites to the 242-suite Embassy Suites by Hilton Phoenix Downtown North. HVMG, which purchased the hotel in 2016 as part of a joint venture, will continue to operate the property.
Source: New feed
IHG (InterContinental Hotels Group) has partnered with SAMHI to rebrand approximately 2000 rooms (operating and under construction) within its India hotel portfolio, to Holiday Inn Express hotels.
Source: New feed
Represents first Hotel in Japan for the brand
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WaterWalk, Jack DeBoer’s fifth national brand, announced today the groundbreaking of its third property at 2210 North Glenville Drive in Richardson, Texas. This is the second WaterWalk franchise property sponsored by MBC Partners who opened their first WaterWalk franchise property in Centennial, Colorado in September of this year.
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Brazil Hospitality Group (BHG) announced today the beginning of its partnership with AccorHotels, which will manage 17 of BHG’s owned hotels. AccorHotels also acquired LEBSPE Ltda from BHG, a company that manages The Capital São Paulo Itaim and Grand Plaza São Paulo Jardins hotels, in São Paulo; Soft Inn São Luis, in Maranhão; and Presidente Uberlândia Hotel, in Minas Gerais.
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Freddy’s Frozen Custard & Steakburgers’ steady expansion in the Southeastern United States is stoked with the opening of three new franchised locations and the announcement of a new franchise development agreement.
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Pueblo of Pojoaque Seeks Partner to Develop Comprehensive Plan for More than 300 Acres
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Scheduled to open in 2021, the 187-room new build will form part of Phase II of Arkan Plaza, a prime up-scale mixed-used development, and is strategically located in the heart of Sheikh Zayed City, on the 26th of July corridor main spine, which connects the cities of Sheikh Zayed and 6th of October with the central Cairo area.
Source: New feed