Topic: Franchise Agreements
The company expects to open more than 30 new Comfort properties in the market by 2033 via its existing franchising agreement with Choice Hotels Japan.
The real estate investment trust also plans to enter a new franchise agreement in Virginia.
The agreement will bring 10 IHG franchise hotels across Africa, sitting in the midscale and upscale segments.
The Radisson Blu Resort, Ostroda Mazury, set to open next year, will offer its own water park.
Leadership from both companies said the hotel will benefit from a diverse guest profile, including leisure and corporate travelers.
Owner Aegean Investments is expected to open the new-build hotel before year's end.
Extended Stay America has sold 76 hotels in the past 18 months, placing it well ahead of its goal to sell 150 in five years.
Third-party management companies are increasingly offering a route that works for both owners and operators.
Dutch real estate developer Being Development has begun construction on a Yotel in Amsterdam-Noord, the Netherlands.
Hyatt Hotels has partnered with Cedar Fair Entertainment to open a dual-brand Hyatt Place and Hyatt House hotel near Toronto.