Carrols Restaurant Group, Inc. (Nasdaq:TAST) today announced that on December 19, 2016 it signed a definitive agreement to purchase 43 BURGER KING® restaurants in and around Cincinnati, Ohio from GPS Hospitality.
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AccorHotels announced that it has successfully reached agreement with a wholly-owned subsidiary of the Abu Dhabi Investment Authority to restructure a portfolio of 31 hotels (4,097 rooms) in Australia.
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CHICAGO (December 21, 2016) – Hyatt Place London Heathrow Airport opens today, marking the second Hyatt Place hotel in London and the fifth Hyatt branded hotel in the United Kingdom. The hotel…
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Two STK restaurants and one STK Beach restaurant mark the Company’s first foray into the Middle East
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International Dairy Queen, Inc. today announced the signing of a multi-unit development agreement to expand into the Republic of Korea with plans to open 50 DQ Grill & Chill locations within the next five years.
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The sale price of $217.5 million reflects a 19.9x EBITDA multiple and a 4.1% net operating income capitalization rate (after an assumed annual capital reserve of 4.0% of total hotel revenues) based on the hotel’s 2016 projected operating performance.
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Opened in 1960 as the Erawan Garden, the resort operates one of the nation’s most acclaimed spas and treatment facilities. Approaching an extensive multi-million dollar renovation, the 12,000-square-foot Well Spa will offer award-winning services in an intimate environment, and features 13 treatment rooms, seasonal offerings and a courtyard with two private salt water pools.
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Transaction Expected to Contribute More Than $3 million in Annual Revenue and be Accretive to Earnings
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Joseph P. Kennedy, president of Crystal Investment Property, exclusively represented the Seller in the sale of the Trollers Lodge located in Depoe Bay, Oregon. The new owner is planning capital improvements including renovation of the owners’ quarters and possibly construction of additional rooms.
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CHICAGO (December 20, 2016) — Hyatt Hotels Corporation (NYSE: H) today announced the opening of Andaz Delhi, marking the Andaz brand’s first hotel in India and 16th worldwide. Represented in…
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