Ex-Red Lion CEO starts Victory Hotel Group
A new company formed by former Red Lion Hotels CEO Greg Mount will provide hospitality consulting in the branded midscale… Read More »
Summit Hotel JV buying Residence Inn for $33M
Summit Hotel Properties is buying a Residence Inn in Steamboat Springs, Colo., through its joint venture with GIC for $33… Read More »
Beverly Hills hotel, condos changing hands for $77.9M
The Mr. C Beverly Hills Hotel and five adjacent condominiums in Los Angeles are being sold for $77.9 million. Braemar… Read More »
Focus on those still hurting, AHLA chief tells Congress
American Hotel and Lodging Association CEO Chip Rogers is asking Congress to enact relief for the hospitality industry that targets… Read More »
HotelPlanner Partners with MeetingPackage for Direct Group Booking
Group hotel booking company HotelPlanner has partnered with the Finland-based group booking provider MeetingPackage and plans to offer clients by… Read More »
Chains must share blame for “deflagging”
Dropping brand affiliation, or “deflagging,” is on the rise among hoteliers for a variety of reasons, including lapsed performance on… Read More »
Vegas casinos line up July 4 fireworks as tourism explodes
As visitors return to Las Vegas in droves, several casino-hotels on the Strip have announced plans to resume fireworks celebrations… Read More »
UNWTO says half project travel rebounding by 2024
The United Nations World Tourism Organization has released its latest analysis if global travel, confirming what everyone knows — the… Read More »
Defiance launches travel business ETF
Defiance ETFs launched an exchange-traded fund that invests in companies in the travel and leisure businesses. The Defiance Hotel, Airline,… Read More »
Plaza suite where JFK slept sells at loss for under $20M
A four-bedroom suite at New York City’s Plaza Hotel, once a stopover for President John F. Kennedy, has sold for… Read More »
Valor adds 17 IHG-branded UK hotels in joint venture
Atlanta-based management firm Valor Hospitality Partners is doubling its UK portfolio by acquiring 17 regional IHG Hotels & Resorts-branded hotels…. Read More »
Gaming & Leisure closes on $480M Ind. casino-hotel deal
Gaming & Leisure Properties and Bally’s Corp. have closed on their $480 million purchase of Tropicana Evansville from Caesars Entertainment…. Read More »
CWT Adds AI Recommendations to RoomIt
CWT has added a recommendation engine powered by AI to its RoomIt hotel platform. Intelligent Display, which can be integrated… Read More »
Upscale hotel planned for 1923 Maine structure
A building in downtown Portland, Maine, will reach its 100th anniversary as the site of a new luxury hotel with… Read More »
Funds seek distressed opportunities in CMBS market
Axonic Capital and Metamorphosis Hotel Capital Partners are searching for discounted property investment opportunities amid the commercial mortgage-backed securities market,… Read More »
Summer staffing in short supply for US hoteliers
Invitation cards handed out to strangers and $500 payments for referrals are among measures hotels throughout the US are taking… Read More »
Gaming REITs offer attractive path to investing in Las Vegas
Gaming REITs such as VICI Properties and MGM Growth Properties are appealing vehicles for investors seeking to tap into opportunity… Read More »
Las Vegas resorts to offer streamlined booking process
Resorts World Las Vegas and the Sahara Las Vegas are two of the first venues to utilize a unified booking… Read More »
Lawsuit against IHG adds plaintiffs; more predicted
Connecticut and Texas franchisees have joined a class action lawsuit filed by a Louisiana hotelier against the world’s largest hotel… Read More »
Hotel workers: Mask pass for guests wrong on its face
Hotel union leaders and many workers take issue with new guidelines from the American Hotel & Lodging Association that allow… Read More »
Service Properties Trust Amends Hyatt Agreement
Service Properties Trust has amended its agreement with Hyatt Hotels Corp. regarding the management of 22 Hyatt Place properties for… Read More »
Greek islands aim to go ‘Covid-free’ to welcome back tourists
Greece’s islands have an ambitious plan to lure back visitors this summer – by vaccinating all local residents. The goal… Read More »
Delta predicts a boom in business travel in September
Delta Air Lines Chief Executive Ed Bastian predicted on Thursday a boom in business travel in September as corporate America… Read More »
History goes haute with new Versailles hotel
France’s fabled Chateau de Versailles has its first hotel, and it’s not of the budget variety. Le Grand Controle’s 14… Read More »
Absolute brand woos seniors with posh assisted living
Absolute Hotel Services Group has launched a luxury extended-stay assisted living brand in Bangkok that it touts as the first… Read More »
3 major Manhattan deals include $18M hotel building buy
A former hotel building in the Tribeca area sold for $18 million as Manhattan posted three investment transactions between $10… Read More »