CHICAGO – October 26, 2016 – Hyatt Hotels Corporation (NYSE: H) has been named one of the 25 World’s Best Multinational Workplaces for 2016, according to global research and consulting firm…
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The Naples Hotel Group announced that it has acquired the development and management contract for the new Fairfield Inn & Suites located in Miami Lakes, FL.
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Will Rebrand Up to Three Restaurants As Taco Cabana Restaurants
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Suchad Chiaranussati, managing director of SC Capital Partners Group, spends some $1 billion a year snapping up hotel assets. But ask him where he would put his money next, and what’s his answer? Pet hotels.
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Year-to-date, the group has added 33 hotels and more than 6,400 rooms to its pipeline, and 14 new hotels with almost 2,700 rooms to operations.
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Claiming his personal brand is worth billions, real estate mogul and Republican presidential nominee Donald Trump has put his name on everything over the years, from hotels to neckties. That’s about to change with Trump’s new line of lifestyle hotels, which will not bear the Trump name.
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The two properties are an Olive Garden restaurant in Pembroke Pines, Florida and a Bahama Breeze restaurant in Tampa, Florida. The restaurants are occupied under individual triple-net leases with approximately 14 years of weighted average term remaining. The sale is the result of an unsolicited offer at a cash cap rate of 4.75%, exclusive of transaction costs.
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Basketball Hall-of-Famer to also Serve as Brand’s Global Spokesperson
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Four Corners Property Trust (NYSE:FCPT), a real estate investment trust engaged in the ownership of high-quality net leased restaurant properties, is pleased to announce the acquisition of a Dairy Queen restaurant in Tulsa, Oklahoma for $2.6 million.
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Hilton Worldwide Holdings Inc. (NYSE: HLT), HNA Group and Blackstone (NYSE: BX) announced today that HNA will acquire an approximate 25 percent equity interest in Hilton from affiliates of Blackstone, establishing a long-term strategic investment in Hilton and Hilton’s planned spin-offs of Park Hotels & Resorts and Hilton Grand Vacations.
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