Marcato Mulls Strategy for IHG's Future
SAN FRANCISCO—The review of possible ways to enhance shareholder value at the owner of Holiday Inn and six other brands follows calls by Marcato, which owns 3.8% of its stock, to consider merging with another large operator.
DALLAS—A FelCor spokeswoman says the REIT is reviewing Ashford Hospitality Trust’s proposal. Separately, AHT has also named a new CEO.
OAKVILLE, ONT.—The owner of Burger King and Tim Hortons is adding a quick service chicken concept to its portfolio of more than 20,000 locations globally.
SAN DIEGO—MBA’s Jamie Woodwell said at the MBA CREF 2017 convention on Sunday that he seen some “tremendous numbers” out there in commercial real estate and expects it to continue.
SAN DIEGO—Just like home buyers look to level up, we’re also seeing a bit more fluidity in typically middle-market groups seeking more institutional deals and vice versa, Avison Young’s Peter Sherman tells GlobeSt.com.