Minor International (MINT) announced today that it has reached agreement to acquire 30,000,000 shares in NH Hotel Group in a transaction valued at EUR 192 million, which together with its existing shareholding will increase MINTs stake in NH Hotel Group to 8.6% on a fully diluted basis.
Officials of Bears Creek Hershey Hotel, LLC, a joint development between Shaner Hotels and Chafia Capital Partners today announced that the 120-room Courtyard by Marriott Hershey Chocolate Avenue was named the 2017 Marriott Opening Hotel of the Year. The Pa. hotel is managed by Shaner Hotel Holdings, LP.
Mandarin Oriental Hotel Group has announced that it will manage a new hotel in Ho Chi Minh City in Vietnam, scheduled to open in 2020.
Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with both Henderson Park and Hines for the first Grand Hyatt hotel in Greece, Grand Hyatt Athens. The opening is expected in Q3 2018.