HotelProjectLeads.com

Casual Fondue Franchise to Partner With Apex Franchise Management, LLC to Open Single Unit in 2018
Source: New feed

Xenia Hotels & Resorts, Inc. (NYSE: XHR) today announced its acquisition of the 815-key Hyatt Regency Grand Cypress in Orlando, Florida from an affiliate of Hyatt Hotels Corporation for a purchase price of $205.5 million, or approximately $252,000 per key.
Source: New feed

The NOVUM Hotel Group continues to expand in Europe step by step with its Millennial-focused hotel concept niu. In the town of Haarlem, close to both Amsterdam and the beach, HBB Groep is developing and realising a niu hotel for the NOVUM Hotel Group.
Source: New feed

Companies like this come for sale only every 10 years or longer. If you don’t jump at them, forever you’ll look back and say, well should we have done it? And so we jumped in
Source: New feed

As part of its strategy to grow from $10 billion in annual sales today to $15 billion in annual sales across its global business by 2022, Taco Bell announced at its 2017 investor and analyst day its plans to add restaurants domestically, and revealed four key international markets that it will focus on as it continues to grow as a global brand.
Source: New feed

Wing Zone has signed a major expansion deal to increase its international presence. The agreement, signed with The Philippines-based Viva International Food & Restaurants, Inc. and facilitated through JNM Dining Concepts, Wing Zone’s South Asia Master Franchise, based in Singapore, will result in the building of up to 50 new Wing Zone units across The Philippinesover the next 10 years.
Source: New feed

Black Bear Diner announced today that it has signed lease agreements for new restaurants in Katy, Texas and Midwest City, Oklahoma. The new lease agreements in Oklahoma and Texas mark the first step towards eastward expansion for the rapidly expanding chain.
Source: New feed

Ford C. Barton, Principal of Lodging Partners, LLC, has arranged the sale of the Comfort Inn, Asheboro, North Carolina. The Hotel was purchased by a regional hotel investor who plans to eventually reposition the property to a Country Inn & Suites.
Source: New feed

P&R Holdings Limited, a 50-50 joint venture of Paliburg and Regal entered into a Sale and Purchase Agreement to acquire a 50% equity interest in Prosper Harvest, which indirectly owns the iclub Ma Tau Wai Hotel.
Source: New feed

Hotel stakeholders shared a diversity of insights into U.S. hotel industry trends during the lifecycle of a hotel, including development, conversion/repositioning, and disposition.
Source: New feed