Vail Resorts Closes Its Acquisition of Stowe Mountain Resort in Vermont

The final purchase price, after adjustments for certain agreed upon terms, including a reduction in the price by the amount that the resort’s EBITDA exceeded capital expenditures for the period from November 1, 2016 through closing, was $41 million.
Source: New feed

Dunkin' Donuts Announces Plans For Nine New Restaurants, Including One Multi-Brand Location With Baskin-Robbins, In St. Louis With Franchisee Sandwich Group, Inc.

Dunkin’ Donuts announced today the signing of a multi-unit store development agreement with franchisee Sandwich Group, Inc., to develop nine Dunkin’ Donuts restaurants in St. Louis, Missouri, including one multi-brand location with Baskin-Robbins. The group’s first restaurant is planned to open in 2018.
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New Cambria Hotel Calabasas to Open 2019 in California

Choice Hotels International, Inc. (NYSE: CHH) has signed an agreement with Rondell Oasis, LLC, which is managed by the Malibu based Weintraub Real Estate Group, to develop a new Cambria Hotel in Calabasas, Calif. The three-story, 121-room Cambria property will be located at 26300 Rondell Road.
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The Blackstone Hotel in Chicago Joins Autograph Collection

Following the hotel’s large scale architectural restoration of $139 million in 2008, this multi-million dollar renovation, led by Chicago-based firm The Gettys Group, refreshes the original work of renowned Chicago architectural firm Marshall and Fox, highlighting its early twenty-first century grandeur and craftsmanship while incorporating state-of-the-art technology and modern amenities.
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Hilton Garden Inn Kolobrzeg to Open 2019 in Poland

Hilton (NYSE: HLT) has reached a franchise agreement with BB Baltic Park Sp. z o.o. to open Hilton Garden Inn Kolobrzeg. The 128-room new build property will be the first internationally branded hotel in the area and will be located in the heart of the sea resort of Kolobrzeg. Construction will begin later this year with the hotel expected to open in early 2019.
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