Choice Hotels International, Inc. (NYSE: CHH) announced it has signed an agreement with franchise partner Villa Developers & Investments, LLC, to develop a new Cambria hotel & suites in San Jose, Calif. The 11-story, 173-room Cambria property will be located at 2850 Stevens Creek Blvd.
Source: New feed
The building is located in the very center of Brașov on the north edge of the ancient and attractive old town, and in proximity to the retail commercial and administrative center. The property with 105 rooms is scheduled to welcome the first guests in spring of 2018.
Source: New feed
The new franchisee, Volunteer Chicken LLC, recently secured the rights to open 10 new restaurants with financial backing provided by American Development Partners (ADP). New markets slated for development include multiple restaurants throughout Nashville, Knoxville, and Chattanooga, TN, with another 10-restaurant deal expected to follow in 2021.
Source: New feed
Concord Hospitality Enterprises Company announced today that it will open a new hotel under the Marriott Autograph Collection brand at the former City Hall site in West Palm Beach, Fla. The 200-room hotel is the cornerstone of a mixed-use project that has received Concept Plan approval from the City of West Palm Beach. It is slated to break ground in 2017.
Source: New feed
The sale price of $50.1 million reflects an 11.6x EBITDA multiple and a 7.4% net operating income capitalization rate.
Source: New feed
CHICAGO (November 3, 2016) – Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) today reported third quarter 2016 financial results. Net income attributable to Hyatt was $62 million, or…
Source: New feed
Meliá Hotels Internationa today announced an agreement that will strengthen its presence in Cape Verde with the addition of a resort comprising three new 4 and 5-star all inclusive hotels with total of 600 rooms on the island of Santiago.
Source: New feed
New JLL report explains how possible scenarios could impact London residential property market
Source: New feed
Paradigm Restaurants acquired two Chili’s franchise restaurants from Shoot the Moon, LLC
Source: New feed
Yum! Brands, Inc. (NYSE: YUM) today announced that it has completed the separation of Yum China Holdings, Inc. from Yum! Brands, creating two independent, focused growth companies. Yum China will begin trading ‘regular way’ as an independent company today on the New York Stock Exchange (NYSE) under the ticker symbol ‘YUMC.’
Source: New feed