Don’t let this young woman with the designer couture dresses and light-hearted, socialite personality fool you. At the age of 35, Paris Hilton is continuing to build on a huge empire, and will soon launch a new line of luxury hotels bearing her name in Dubai, New York and Las Vegas.
Source: New feed
Four Corners Property Trust (NYSE:FCPT) announced today that it acquired six Pizza Hut restaurants in the Chicago-Naperville-Elgin MSA in Illinois and Indiana for $5.7 million via a sale and leaseback transaction.
Source: New feed
Intrigue runs high and low at the iconic Plaza Hotel, which India’s embattled Sahara Group appears on the verge of selling to a Qatari sovereign wealth fund for around $550 million. But ‘appears’ is key, because nothing about the Plaza is easy.
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Sonnenblick-Eichner Company has arranged $25.25 million of first mortgage debt to finance Provenance Hotel Partners’ (‘PHP’) acquisition of Old No. 77 Hotel & Chandlery, a historic 167-room, full-service boutique hotel in New Orleans.
Source: New feed
Telepizza, the largest non-U.S.-based pizza delivery company in the world by number of stores, advances its international strategy and announces its first master franchise agreement to start operations in Malta.
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Jimmy’s Egg Franchise Systems (JEFS) announced today the signing of six new Area Development Agreements for 52 new restaurants to be built in Kansas, Arkansas, Texas, New Mexico, Nebraska and Iowa. This development activity will bring Jimmy’s Egg into three new states: Arkansas, New Mexico, and Iowa.
Source: New feed
Sub Zero Ice Cream has recently opened a new flagship corporate headquarters, training center and test kitchen in historic downtown Provo that will serve as the company’s home base, model store prototype and testing ground for continued menu experimentation throughout the brand’s more than 50 stores nationwide.
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Davidson Hotels & Resorts announced the addition of the 341-room Atlanta Marriott Perimeter Center to itsportfolio. Integrated Capital LLC, a private real estate advisory and investment firm, which has acquired or developed assets with a total capitalization of more than $500 million since its founding in 2004, is the new owner.
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Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced it will debut the ionic W Hotels brand in Scotland with W Edinburgh. Opening in 2021 the hotel will be part of TH Real Estate’s Edinburgh St James scheme, which is set to complete in 2020.
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Following a year where the company experienced the strongest growth in its 19-year history, the momentum is continuing as the sandwich and smoothie franchise reported a 6.4 percent increase in same-store sales and signed franchise agreements to develop 80 new cafés across the U.S., including in Albuquerque, Atlanta, Charleston, Houston and Dallas.
Source: New feed