From the birthplace of the brand, Le Méridien Hotels & Resorts – part of Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) – today marked a milestone as its first-ever hotel and celebrated flagship in Paris revealed the completion of its multi-million dollar renovation.
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Hyatt Announces Sale of Hyatt Regency Birmingham in the United Kingdom
CHICAGO (September 22, 2016) – Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has sold Hyatt Regency Birmingham for approximately £38.6m to an affiliate of Bin Otaiba…
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Starwood Specialty Select Brands Power Record-Setting Global Growth with 132 Hotel Deals Signed and 30 Hotels Opened So Far in 2016
Aloft, Element and Four Points by Sheraton on Track to Sign all-time High Record Number of New Deals in 2016
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Hyatt Announces Plans for a Hyatt Regency Hotel in Phnom Penh, Cambodia
CHICAGO (September 21, 2016) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Chip Mong Group for a Hyatt Regency hotel in…
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Hotel Capitalization Rates Generally Flat According to USRC Hotel Investor Survey Mid Year 2016
The results of our Mid Year 2016 Hotel Investor Survey continue to show strength in investor interest in the hotel sector, but overall investment parameters have generally flattened. Most capitalization and discount rates were slightly stronger than the last survey (Winter 2016), but similar to the results a year ago.
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Holiday Inn Dubai Science Park Hotel Announced for 2019
The newly built hotel will operate under a management agreement with an affiliate of the Rolaco Group, who also own InterContinental Dallas, InterContinental Semiramis, InterContinentalGeneva, Crowne PlazaGeneva, and Crowne Plaza Zurich.
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Brusters Real Ice Cream Inks Franchise Deals for 15 New Stores
Frozen treat chain growing in California, Georgia, Pennsylvania, Mississippi, Tennessee and Texas
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Hilton Grand Place Brussels Hotel Sold for MEUR 55
Pandox AB has entered into an agreement to acquire Hilton Grand Place Brussels, Belgium. The hotel is a full service hotel in the premium segment with 224 rooms and an attractive meeting product. The purchase price amounts to MEUR 55, corresponding to approximately MSEK 525, and is financed by existing credit facilities.
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Starwood's Tribute Portfolio Adds Seven Hotels & Resorts
Tribute Portfolio, a collection of high-end independent hotels and resorts from Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), today announced robust expansion plans for the brand through seven new signings, increasing its footprint to nearly 30 hotels worldwide.
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Captain D's Propels Franchise Expansion in Central Florida
Mark Levis, senior director of franchise development for Captain D’s, will be at the Florida Restaurant & Lodging Show in Orlando from September 27-29 to meet with prospective franchisees. The company currently has 29 restaurants located throughout the state of Florida and is targeting the Central Florida region to further expand its presence in the state.
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