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Hyatt Acquires Standard International and Hotel Brands

Hyatt Acquires Standard International and Hotel Brands

by Phil Hall | Aug 21, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Hyatt Hotels Corporation (NYSE: H) announced the planned acquisition of Standard International, parent company of The Standard and Bunkhouse Hotels brands. Upon closing, Hyatt will pay a base purchase price of $150 million, with up to an additional $185 million over...
Manufactured Housing Producer Franklin Homes Acquired by Private Equity Firm

Manufactured Housing Producer Franklin Homes Acquired by Private Equity Firm

by Phil Hall | Aug 21, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The private equity firm Silver Canyon Group has acquired Franklin Homes, the Russellville, Alabama-based producer of manufactured housing, modular residential, and multifamily buildings. The financial terms of the acquisition were not disclosed. Franklin Homes was...
7-Eleven Parent Company Receives Acquisition Bid

7-Eleven Parent Company Receives Acquisition Bid

by Phil Hall | Aug 19, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Japan’s Seven & i Holdings (OTCMKTS: SVNDY), the parent company of the 7-Eleven chain, has received an unexpected acquisition bid from the Canadian-based Alimentation Couche-Tard Inc. (ACT) (TSX:ACT) that could create one of the world’s largest retail networks....
Hyatt Sells Orlando Hotel for $1 Billion

Hyatt Sells Orlando Hotel for $1 Billion

by Phil Hall | Aug 19, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Hyatt Hotels Corporation (NYSE:H) completed the sale of the 1,641-room Hyatt Regency Orlando and adjacent 45 acres of land to affiliates of RIDA Development Corporation and an Ares Management Real Estate fund for approximately $1.07 billion. The Chicago-headquartered...
Chicago Mixed-Use Building Bought in 2016 for $140 Million Sells for $47 Million

Chicago Mixed-Use Building Bought in 2016 for $140 Million Sells for $47 Million

by Phil Hall | Aug 14, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A four-story mixed-use building on Chicago’s Magnificent Mile that was last sold in December 2016 for $140 million has changed hands for $47 million, a two-thirds discount. According to CoStar, North American Real Estate (NARE) acquired the 85,000-square-foot retail...
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