NPC International, Inc. announced today that it has completed the acquisition of 39 Wendy’s restaurants in the Raleigh-Durham metropolitan area, including four restaurants that were recently constructed by Wendy’s for $35.6 million, plus amounts for working capital.
Source: New feed
Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel management company, today announced that it was awarded management of the 124-room Courtyard by Marriott Atlanta Airport West.
Source: New feed
Slated to open in early 2019, the new build 176-room hotel will form the centrepiece of a state-of-the-art mixed-use development located at 402 Chapel Street in South Yarra, known as ‘402 Chapel,’ designed by international architect Tim Kobe from the strategic design firm, Eight Inc.
Source: New feed
Carey Watermark Investors 2 Incorporated (CWI 2) announced that it has acquired San Diego Marriott La Jolla. The hotel includes 372 guestrooms and is located in La Jolla, one of San Diego’s strongest and most affluent submarkets.
Source: New feed
MEININGER Hotels will open a hotel in close proximity to Leipzig’s main station at the beginning of 2017. The former ibis Hotel from the Accor Group will be converted in accordance with MEININGER standards and will ultimately have 404 beds available in 126 rooms.
Source: New feed
InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, today announces the results of the Holiday Inn® Small Business Traveler Study conducted by Kelton Global, which reveals the perks and pain points small business travelers face.
Source: New feed
Joseph P. Kennedy, president of Crystal Investment Property, represented the Seller in the sale of the Inn at the Shore located at 2275 S. Prom in Seaside, Oregon. The 18-room, beachfront Inn sold for $3,100,000.
Source: New feed
Joining 32 other Sheraton Grand properties worldwide, the Sheraton Grand London Park Lane will start a new chapter in the hotel’s 90-year history this October, following a multi-million pound top-to-bottom renovation.
Source: New feed
Hilton Worldwide will be welcoming guests in each of the Baltic nations by 2018 following plans unveiled today to bring its midscale Hilton Garden Inn brand to Lithuania and Latvia. The announcement, made at a press conference in Vilnius attended by the mayor of the city, follows last month’s opening of Hilton Tallinn Park, Estonia, the company’s first hotel in the Baltic region.
Source: New feed
The most significant growth will take place within the Asia Pacific region, in which Oakwood Asia Pacific will grow its portfolio by more than 40 percent through 2017. The growth includes the just opened Oakwood Hotel & Apartments Brisbane, the company’s first branded property in Australia, and expansion of branded properties into Singapore, Malaysia and Vietnam; while simultaneously solidifying its presence in existing key markets, such as China and Japan.
Source: New feed