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
Existing Franchisee Signs New Multi-Unit Agreement Across Both States
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In a little over a week, Hoshino Resorts will officially open the doors and shake out the tatami mats at Hoshinoya Tokyo, their first resort in the Japanese capital, a stone’s throw from the lush green of Chiyoda and the Imperial Palace. It’s the latest move by Yoshiharu Hoshino, the ambitious fourth-generation CEO of the company – two years ago he took the 116-year-old company public – to expand the business and, in the process, carry the traditions of Japan into the 21st century.
Source: New feed
American Hotel Income Properties REIT LP (TSX: HOT.UN) (OTCQX: AHOTF) announced last week that it has agreed to acquire the previously announced two Embassy Suites by Hilton hotels located in Dallas, Texas and Tempe, Arizona for an aggregate purchase price of approximately US$57.6 million
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The new destination hotel will feature floor-to-ceiling windows offering magnificent views of Waikīkī, as well as on-site amenities including an outdoor pool and entertainment deck, upscale bar and restaurant, and 24/7 fitness facility.
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Newly Built Hotel in Pearsall, TX, Boasts World’s Largest Population of Whitetail Deer
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Unveils LEGO Model of New Nashville Hotel
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Development deal inked to bring two new Dickey’s locations to Amarillo and one in Dumas
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DiamondRock Hospitality Company (NYSE: DRH) announced today that it completed the sale of the 169-room Hilton Garden Inn Chelsea / New York City for $65 million to an affiliate of a China-based entity. The sale price represents a 13.5x multiple on the Hotel’s adjusted earnings before interest, taxes, depreciation and amortization.
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The L-shaped, 21-story building being developed by Atlanta-based North Point Hospitality will contain an AC Hotels by Marriott that will occupy 209 rooms in one wing and a combined SpringHill Suites by Marriott and Residence Inn by Marriott in the adjoining wing with 125 rooms and 136 rooms, respectively.
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