joint venture
Marcus Hotels and Resorts, Hempel Real Estate and Robinson Park Investments Form Joint Venture to Acquire Loews Minneapolis Hotel
Marcus Hotels & Resorts | February 14, 2024
MILWAUKEE--Marcus® Hotels & Resorts, a nationally recognized owner and management company and division of The Marcus Corporation (NYSE: MCS), announced today that it along with Hempel Real Estate and Robinson Park Investments have reached an agreement to jointly acquire the Loews Minneapolis Hotel. The terms of the agreement were not disclosed and are subject to the satisfaction of certain standard closing conditions. Upon closing, Marcus Hotels & Resorts will assume management of the hotel, which will be rebranded under another major global hotel system. “The agreement to purchase the Loews Minneapolis Hotel is consistent wi...
Aspen Hospitality Forms Strategic Joint Venture With Continuum Partners
Aspen Hospitality | February 23, 2023
DENVER and ASPEN, Colo., Feb. 23, 2023-- Continuum Partners LLC, a Denver-based real estate developer specializing in building urban, mixed-use projects, announced today that it has sold an interest in the Hotel Born to Aspen Hospitality, the hospitality division of Aspen Skiing Company. The newly formed joint venture marks the beginning of the hotel's future conversion to Limelight Denver under the operation of Aspen Hospitality in 2023. Rick Rush of CBRE represented Continuum in the deal. Hotel Born will continue to operate as usual until the conversion to Limelight occurs, with the partners ensuring a seamless transition f...
Valor Hospitality Partners Announces Joint Venture With Moroccan Real Estate Operator, Yamed Group
Valor Hospitality Partners | November 23, 2021
ATLANTA, GA – November 23, 2021 – Valor Hospitality Partners, a global, full-service hotel acquisition, development, management and asset management company, announced today their joint venture, Valor Hospitality North and West Africa (NWA), in partnership with industry leading real estate asset manager, investor, and operator, Yamed Group. This joint venture highlights the pairs’ ambition to be the leader in hotel investment and management through Morocco, Tunisia, Egypt, Senegal and Ivory Coast. The new partnership utilizes Valor Hospitality Partners’ unique industry expertise from managing over 80 global hotel assets througho...
Closing of Joint Venture Between Accor & Ennismore
Ennismore | October 4, 2021
The Newly Established Lifestyle Entity Named Ennismore Becomes The Largest & Fastest Growing Lifestyle Hospitality Company As previously announced, under terms of an all-share merger, Accor becomes the majority owner of the new entity with 66.67% of the shareholding and Sharan Pasricha with 33.33% holding. This joint venture brings together the Ennismore know-how in building brands with purpose through creative storytelling, design and authentic experiences with Accor’s wealth of knowledge in delivering scale, network growth and distribution. Simultaneously, Accor deconsolidates formerly leased assets into a separate structure cr...
Radisson Hotel Group Establishes Strategic Joint Venture for Expansion in Germany and Austria
FAY Projects | December 2, 2019
Brussels/ Frankfurt - December 2, 2019 - Radisson Hotel Group, one of the largest and most dynamic hotel groups in the world, is delighted to announce the establishment of a strategic joint venture for operating hotels in Germany and Austria. This fantastic new partnership with local partners will open opportunities for Radisson Hotel Group to accelerate their growth ambitions. The group is looking forward to boosting their roll-out of the Radisson and Radisson RED brands in the German speaking region (D-A-CH). The exciting venture will kick off with the signing of the Radisson Hotel Leipzig, which will be developed by Fay projects GmbH and ...
Nakheel and Centara Reach New Milestone on 600-Room Beachfront Resort at Deira Islands; Enter Joint Venture
Centara Hotels & Resorts | October 3, 2017
Hotel management agreement confirmed as joint venture company officially incorporated Bangkok, 3 October 2017 - UAE-based master developer Nakheel and leading Thai hotel group Centara Hotels and Resorts today reached a key milestone on their 600-room beachfront resort and waterpark at Dubai's Deira Islands, with the official formation of the joint venture company and the signing of a management agreement. The joint venture, cemented by Nakheel Chairman Ali Rashid Lootah and Centara Chairman of the Board, Suthikiati Chirathivat, at a signing ceremony at Centara's headquarters in Bangkok, will deliver a family-centric lifestyle destinati...
