Four Corners Property Trust (NYSE:FCPT), a real estate investment trust engaged in the ownership of high-quality, net-leased restaurant properties, announced the acquisition of two Arby’s properties in Wake Forest, North Carolina and South Hill, Virginia for $4.3 million.
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The Apollo Hotel Amsterdam Joins the Tribute Portfolio
The 223-room hotel is scheduled to join Tribute Portfolio in April 2017, following a major renovation of its guestrooms, restaurant and public areas.
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The Westshore Grand Hotel In Tampa Joins the Tribute Portfolio
Newly reimagined by Forchielli Glynn LLC, The Westshore Grand, A Tribute Portfolio Hotel, Tampa has a refreshed look and feel that draws from the rich native history of the city.
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The Park Hyatt Brand Expands Its TasteMasters Content Series on NYTimes.com
CHICAGO (November 7, 2016) – The Park Hyatt brand today announced the evolution of “TasteMasters,” an innovative content series with The New York Times’s T Brand Studio that was…
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Radisson Blu Hotel, Rostov-on-Don to Open 2017 in Russia
The hotel is located in the very center of Rostov-on-Don, on the main promenade overlooking the River Don in the central commercial and entertainment districts of the city. The hotel is located just 9km from the existing airport and 29km to the North-East of the new Rostov International Airport Yuzhny.
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Lowe Enterprises Investors Acquires Two Boston Area Residence Inns
Lowe Enterprises Investors (LEI), in joint venture with a foreign investment client, has acquired the 125-suite Residence Inn Boston Framingham and the 96-suite Residence Inn Boston Norwood Canton.
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Pebblebrook Hotel Trust Sells Manhattan NYC Hotel for $217.5 Million
Pebblebrook Hotel Trust (NYSE: PEB) today announced that it has executed a purchase and sale agreement to sell the 618-room, upper upscale, full-service Manhattan NYC in New York, New York for $217.5 million to a third party.
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Scandic Hotels Group AB: Scandic Expands in Drammen, Norway
Scandic takes over operation of the venerable Ambassadeur Hotel and the Globus Hotel with almost 300 rooms
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HBI Reports Increased Hotel Sales in 2016
Through 3rd Quarter 2016, Hotel Brokers International has equaled their sales of 2015 and expect by year end to exceed 2015 totals by as much as 33 percent. The values of the hotels are also up by nearly 45 percent.
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Marriott International To Debut Tribute Portfolio in Argentina
By December 2016, the brand will add two independent hotels to its portfolio in Argentina’s most sought-after regions. Arelauquen Lodge, A Tribute Portfolio Hotel, will be debut in Patagonia, near the world’s end, with vast landscapes of lakes and mountains, while Auberge du Vin, A Tribute Portfolio Hotel, will be located in the heart of Argentina’s wine country, where some of the world’s best vino is produced.
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