On Monday, Retail Properties of America Inc (NYSE:RPAI)’s shares inclined 0.56% to $14.30.
Southlake Town Square, a premier lifestyle destination owned and operated by a partner of Retail Properties of America, Inc. (RPAI), is excited to declare the addition of four new retail brands: Athleta, Sundance, Lily Rain and Z Gallerie.
Athleta, a GAP fitness apparel brand designed by female athletes, creates versatile and fashionable performance and lifestyle apparel for the fitness-minded woman who lives life on-the-go. Offering apparel and gear for a range of activities from yoga and spin to strength training and running, in addition to seasonal sports like tennis and skiing, Athleta will exercise its right to performance fashion in a 4,100 square foot space at 128 State St., next to Soft Surroundings. Athleta joins GAP Inc.’s team of brands at Southlake Town Square, which comprises Gap, GapKids, babyGap and Banana Republic. Athleta is predictable to open as early as spring of 2016.
Retail Properties of America, Inc. is a real estate investment trust. It engages in acquisition, development and administration of properties. The trust invests in the real estate markets of United States. Its portfolio comprises of retail properties, counting lifestyle, power, neighborhood, and community centers, in addition to single-user net lease properties.
AMN Healthcare Services, Inc. (NYSE:AHS)’s shares gained 2.22% to $35.86.
AMN Healthcare Services, Inc. (AHS), the nation’s leader and innovator in healthcare workforce solutions and staffing services, announced the completion of its acquisition of The First String Healthcare, a leading provider of interim staffing and permanent placement of nurse leaders and executives.
Lucy Pantoskey, Founder of The First String Healthcare, added, “The driving force behind our success in creating sustainable and successful clinical teams has been our passion to bring great healthcare leaders and clients together. We share a common culture of innovation and integrity with AMN Healthcare, and combined we can deliver even greater value to the evolving healthcare community.”
The First String Healthcare acquisition comprises cash payments of $6.5 million and an earn-out opportunity of up to $4.0 million based on future performance metrics.
AMN Healthcare Services, Inc. provides healthcare workforce solutions and staffing services to healthcare facilities in the United States. It operates through three segments: Nurse and Allied Healthcare Staffing, Locum Tenens Staffing, and Physician Permanent Placement Services.
At the end of Monday’s trade, Extended Stay America Inc (NYSE:STAY)‘s shares surged 3.04% to $17.95.
Extended Stay America, Inc. (STAY) declared that auxiliaries of the Company, counting auxiliaries of ESH Hospitality, Inc., the Company’s REIT partner, signed a definitive agreement to dispose of 53 U.S. economy extended-stay hotels and Crossland Economy Studios intellectual property for $285 million in cash, subject to customary adjustments. The disposition of the 47 Crossland Economy Studios branded hotels and 6 similarly positioned Extended Stay America branded hotels will complete the Company’s transition to a single, nationwide brand.
These 53 hotels to be sold have not been renovated under the Company’s ongoing renovation program and generated RevPAR of $27.89 for the last twelve months ended June 30, 2015, contrast with RevPAR of $45.95 generated by the remaining 629 hotels owned and operated by the Company over the same period. The 53 hotels to be sold generated about $29 million of Adjusted EBITDA1 for the last twelve months ended June 30, 2015. The transaction is predictable to close in the fourth quarter of 2015, subject to customary closing conditions.
Extended Stay America, Inc. develops, owns, and operates hotels in the United States and Canada. As of December 31, 2014, the company had 682 hotels with about 76,000 rooms comprising of 632 hotels with about 69,600 rooms under the Extended Stay America brand; 3 hotels with 500 rooms under the Extended Stay Canada brand; and 47 hotels with about 5,900 rooms under the Crossland Economy Studios brand.
Crocs, Inc. (NASDAQ:CROX), ended its Monday’s trading session with 2.64% gain, and closed at $14.78.
Crocs, Inc. (CROX) declared that Terence Reilly was promoted to senior vice president (SVP) and chief marketing officer (CMO). In this new role, Reilly will continue to lead the Global Marketing team in Niwot, Colorado, providing planned direction and support to the company’s regional and country marketing teams across the globe. Reilly will continue to oversee all aspects of Crocs’ marketing, counting the company’s brand, advertising, consumer and social media campaigns.
Reilly joined Crocs as senior director of America’s marketing in 2013 and became vice president of global marketing in 2014. In that role, Reilly oversaw the evolution of Crocs’ global brand and marketing efforts, counting the development and launch of Crocs’ largest marketing campaign to-date. The #FindYourFun campaign launched in May of this year to a global audience as a celebration of the brand’s fun, unique style and comfort. Through out-of-home, television, social media and digital work, the campaign highlights the uniqueness of Crocs shoes, starting with its iconic clog, which launched the brand 13 years ago.
Crocs, Inc. designs, develops, manufactures, markets, and distributes casual lifestyle footwear, apparel, and accessories for men, women, and children worldwide. The company designs and sells a range of footwear and accessories that utilize its proprietary closed cell-resin, called Croslite.
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