JLL’s Hotels & Hospitality Group Closes Sale of Six Hyatt Place Hotels

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JLL’s Hotels & Hospitality Group Closes Sale of Six Hyatt Place Hotels

ATLANTA—JLL’s Hotels & Hospitality Group announced that it has closed the $55 million sale of six Hyatt Place branded select-service hotels totaling 754 keys across the U.S. Southeast, Texas, and Kansas.

JLL worked on behalf of Argentic Services Company LP as a servicer for the seller’s two CMBS Trusts in the sale of the properties to HKB Hotel Group, LLC (HKB was advised by ThornOak Capital). The properties were offered unencumbered by management and with long-term Hyatt franchise agreements.

Each hotel was constructed between 1995 and 1997 and has 126 guestrooms, except for the hotel in Georgia, which has 124 guestrooms.

The portfolio consists of:

Hyatt Place Atlanta Alpharetta North Point Mall, Alpharetta, Georgia
Hyatt Place Charlotte Arrowood, Charlotte, North Carolina
Hyatt Place Dallas Park Central, Dallas, Texas
Hyatt Place Greenville Haywood, Greenville, South Carolina
Hyatt Place Roanoke Airport Valley View Mall, Roanoke, Virginia
Hyatt

Project of the Week: The Sutton Place Hotel Winnipeg

Our most recent Challenge of the 7 days will be taking satisfaction of put in the sports activities, hospitality and entertainment district of Winnipeg, Canada.

The Sutton Put Resort Winnipeg is currently being developed by Vancouver’s Northland Qualities Company in conjunction with True North True Estate Progress, a division of Real North Sports activities + Enjoyment, a Manitoba-based mostly athletics and entertainment enterprise.

Transformative combined use

The five star resort will be section of Winnipeg’s Real North Square, a transformative mixed-use C$400 million enhancement that characteristics above 1.5 million sq ft of workplace, residential, retail, foodstuff hall, direct entry to general public swift transit transportation, heated underground parking, and general public plaza area in 5 towers.

Sutton Put Hotel is component of section two of the building, with the 3rd period observing the advancement of a 19-storey tower, the fifth onsite skyscraper, that will provide as the North American headquarters

Covid-19 Updates: White House Will Keep Travel Bans in Place

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White House to Continue Travel Bans Due to Delta Variant

Jen Psaki, the White House press secretary, said the administration would maintain existing restrictions on entry to the United States for Europeans and others, citing concerns over the spread of the Delta variant.

: We will maintain existing travel restrictions at this point for a few reasons: The more transmissible Delta variant is spreading both here and around the world, driven by the Delta variant cases are rising here at home, particularly among those who are unvaccinated and appear likely to continue in the weeks ahead. The C.D.C. just advised Americans against travel to the United Kingdom this past Monday given the surge in cases. They will evaluate and make recommendations based on health data. But I don’t have a timeline to predict for you because it’s all about what success

by Shante Abdo — August 27, 2021 in Travel Update

United States Co-Branded Credit rating Cards Market place 2021

Dublin, Aug. 05, 2021 (World NEWSWIRE) — The “Co-Branded Credit history Playing cards in the U.S., 8th Version” report has been additional to ResearchAndMarkets.com’s offering.

This report addresses the U.S. industry for co-branded credit rating playing cards, which includes retailer and vacation cards, with an emphasis on credit card system capabilities and rewards, advertising and marketing and loyalty plan tactics, and progress tendencies.

The report analyzes the impact of COVID-19 on the retail and vacation sectors and on the co-branded credit rating card industry, the going-ahead procedures of best co-branded card issuers, important retailer systems and initiatives, and customer use of co-branded playing cards.

Additional specially, the report delivers examination and profiles of:

Credit score card receivables and invest in volume, which includes digital and contactless developments
Purchase quantity for the prime ten co-branded card plans
Retail, travel, and hospitality business dynamics in the wake of COVID-19
Reward categories most

by Shante Abdo — August 5, 2021 in Costo Travel

We’re in “a actually great place”

Organization leaders of the Valley Industry Affiliation (By means of) collected Tuesday afternoon to receive an update from the City of Santa Clarita about the city’s economic improvement exercise.

Jason Crawford, the city’s acting group progress director, instructed the group at the Hyatt Regency in Valencia that Santa Clarita is in “a really great location.”

“We are poised to arrive out of (the pandemic) quite, really strongly, a lot like in the course of the Good Economic downturn,” said Crawford. “We ended up 1 of the communities that rebounded the swiftest.”

Monica Fawcett, the city’s interim financial enhancement associate, joined Crawford on stage to present the city’s financial update.

Fawcett explained point out data indicates a decreasing pattern in unemployment in Santa Clarita.

CEO/President Valley Industrial Assciation, Kathy Norris, welcomes attendees to the By way of Luncheon at the Hyatt Regency Valencia on Tuesday,072021 Dan Watson/The Siganl

She shared that

by Shante Abdo — July 21, 2021 in Costo Travel