Interstate Hotels & Resorts announces the launch of the Asia Investment Group, becoming the leading Asia practice team with dedicated resources to deliver exceptional hotel management services to Asian owners seeking to invest in hotels in the U.S and Europe.
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American Hotel Income Properties REIT LP (TSX:HOT.UN)(OTCQX:AHOTF) announced today that it has agreed to acquire through its subsidiaries a geographically targeted portfolio of 18 premium branded Marriott and Hilton hotels containing 2,187 guestrooms and located in Maryland, New Jersey, New York, Connecticut and Pennsylvania for approximately US$407.4 million, including brand-mandated property improvement plans.
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The hotel chain has reached an agreement with the Baraka Group to buy 100% of the building where it will open its first urban hotel in Spain
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Pizza Franchise Looks to Introduce 15 Locations
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Schwan’s Company announced today they have agreed to terms on acquiring MaMa Rosa’s Pizza LLC from HGGC. The sale is expected to be finalized oyesterday June 15. The terms of the sale were not disclosed.
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Ford C. Barton, Principal of Lodging Partners, LLC, has arranged the sale of the Quality Inn & Suites, Myrtle Beach, South Carolina. The 66-room, two-story hotel was purchased by a regional hotel investor for the $2,975,000 asking price.
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Built in 1922 to house the Temple Adath Yeshurun congregation, and later home to Salt City Center for the Performing Arts, the eco-friendly hotel was the city’s first to achieve LEED Platinum certification from the U.S. Green Building Council.
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On the back of a strong first quarter, Marriott International (NASDAQ: MAR) today announced that 2017 is on track for a progressive year in Asia Pacific with nearly 80 hotels targeted to open, bringing 19,000 new rooms to the region.
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Capriotti’s Sandwich Shop has signed three franchise agreements to bring a total of 12 locations to the Salt Lake City area over the next three years. The first new location is expected to open in October in Daybreak.
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Marriott International CFO To Speak At Goldman Sachs Lodging, Gaming, Restaurant And Leisure Conference June 6; Remarks To Be Webcast
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