Grupo Nutresa, which purchased PJ Col S.A.S. in 2015 (PJ Col), recently entered into a development agreement to open an additional 28 units during a period of eight years in Medellin, Cartagena and Barranquilla. PJ Col currently operates 29 Papa John’s restaurants throughout Colombia.
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Tropical Smoothie Cafe announced today it signed a franchise development agreement with industry veterans Bill Rubyand Greg Powell to expand its presence in South Carolina. The partners will be opening six new cafes throughout the Upstate area, with the first location expected to open in Greenville during the first quarter of 2017.
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The hotel is well situated in the eastern district of Moscow, within close proximity to Izmailovo – one of the largest parks in Moscow, and easy access to Moscow’s major tourist attractions.
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RLJ Lodging Trust (NYSE: RLJ) today announced that it has sold two hotels in New York City for $286 million or $494,500 per key. Separately, the Company sold one other hotel in Bakersfield, CA for $13 million.
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InterContinental Hotels Group (IHG) has signed a management agreement with Lao International Development Co. Ltd. to open the first InterContinental hotel in Laos.
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First European restaurant chain in the QSR sector to set up in this country – 200 stores will be opened over 10 years
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Marriott International, Inc. (NASDAQ: MAR) last week announced it has completed the sale of The St. Regis San Francisco hotel for approximately $175 million to Qatar Investment Authority (QIA). Marriott will continue to manage the hotel under a long-term management contract.
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The Contract Renewal encompasses three contracts maturing in 2016 and three contracts maturing in 2017, which cover six Oak Tree Inn hotels with a total of 432 guestrooms, or 11.1% of AHIP’s total rail crew guestrooms.
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Hilton shareholders to receive two shares of Park, one share of HGV for every 10 shares of Hilton; Hilton to effectuate 1-for-3 reverse stock split following distribution
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The Marriott International Luxury Brands group now includes the St. Regis, The Luxury Collection and W Hotels, The Ritz-Carlton, Ritz-Carlton Reserve, Bulgari Hotels & Resorts, EDITION and JW Marriott brands.
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