Hotels to open in NYC despite pandemic’s impact
There are 78 hotels projected to open in New York City this year, according to STR, a robust number for… Read More »
MCR buys Calif. hotel in foreclosure auction
MCR bought the 197-room Staybridge Suites Cathedral City Palm Springs in a foreclosure auction. The deal represents an expansion into… Read More »
Park Hotels selling hotels in D.C., Calif.
Park Hotels & Resorts is selling a hotel in Washington, D.C., and another in San Diego, Ca., for gross consideration… Read More »
Recovery fully on for hotel industry, CBRE proclaims
Various developments in the hotel and airline industries indicate that US hospitality recovery is definitely under way, according to a… Read More »
DiamondRock sells Virgin Islands hotel for $35M
DiamondRock Hospitality has sold the Marriott Frenchman’s Reef on St. Thomas, the US Virgin Islands’ largest hotel, for $35 million…. Read More »
IHG forecasts travel demand to rebound in US
InterContinental Hotels Group predicts a busy summer of travel in the US as continued COVID-19 vaccinations and easing restrictions boost… Read More »
What lies ahead for hotels this year?
Barry Sternlicht of Starwood Property Trust says it’s going to take “a while” for convention travel to return, whereas leisure… Read More »
Great Wolf Lodge in Manteca, Calif., to debut June 29
Great Wolf Lodge water park resort in Manteca, Calif., will host a sneak peek event June 15-28 before officially opening… Read More »
Star woos Crown with $6.6B bid, eyes $9.4B empire
The Star Entertainment Group has placed an $6.6 billion value on rival Crown Resorts in a merger proposal aimed at… Read More »
Severe Q1 hit, uneven rebound disclosed by Marriott
Marriott International reported a first-quarter net loss of $11 million after reaping a $31 million profit in the same period… Read More »
China’s Atour chain reportedly seeks $2B US listing
Shanghai-based Atour is responding to the tourism rebound in China by exploring an initial public offering in the US that… Read More »
Grand Lisboa Palace to partially open in Macao
A partial opening is planned for Grand Lisboa Palace in Macao by the end of June, with the casino-resort initially… Read More »
Coming attractions for China customers: Cinema hotels
More and more hotels in China are taking guests to the movies, in-house, as they adapt to the pandemic-altered market…. Read More »
Hotel REITs are on recovery path after difficult year
Hotel REITs are recovering from the hard blow the recession delivered as vaccinations continue and government restrictions ease, opening the… Read More »
New Las Vegas resort gambles on cryptocurrency
The new Resorts World Las Vegas, which opens next month, will accept cryptocurrency in partnership with Gemini, a cryptocurrency exchange…. Read More »
Good omen seen in $72.5M sale of Silicon Valley hotel
The Plaza Suites hotel in Santa Clara, Calif., has been sold for a reported $72.5 million, raising hopes for the… Read More »
NYC leads US in hotel projects
New York City leads the US in hotel construction with 145 projects in the pipeline and 110 projects under construction…. Read More »
Bright outlook accompanies bounce in April meetings
US meetings volume rose a dramatic 58.5% in April over March, with four of the top growth markets making strong… Read More »
Hotel purchase eyed in Denver homeless relief effort
The city of Denver plans to buy a 94-room hotel at an estimated cost of $7.8 million to house people… Read More »
Philadelphia tower will present 1 of 2 planned hotels
Hopes for a tourism bounce are embodied in next week’s scheduled debut of the Element by Westin, part of a… Read More »
Hotel action perked up in Q1, Booking reports
Hotel reservations made through Booking.com showed a sharp year-over-year increase in the first quarter, prompting words of cautious optimism from… Read More »
Workers send up SOS as tourism recovery brings burdens
Hotel, airline and restaurant workers protest that the resurgence of travel finds them overworked and overstressed due to staff shortages… Read More »
Dreamworld in Australia unveils new $75M resort project
Dreamworld in Coomera, Australia, is planning to build a tourist park and resort called Dreamworld Resort on land owned by… Read More »
Developer eyes NYC site for high-rise hotel
Wharton Properties has filed plans to build a 26-story, 363-room hotel in Manhattan, with retail on the ground floor and… Read More »
Orlando resort buy, strong Q1 brighten Host picture
Host Hotels & Resorts, the nation’s largest lodging real estate investment trust, bestowed a vote of confidence in pandemic-era luxury… Read More »
Penguin Passport sets 21C Museum Hotels guests apart
A new loyalty program by 21C Museum Hotels limits membership to 250 customers as the company seeks to build an… Read More »