IHG’s Meet with Confidence program meets new normal
IHG Hotels & Resorts is expanding its meetings menu to take advantage of growing confidence in travel, with emphasis on… Read More »
Foreclosure actions hit 3 Chicago hotels
Two downtown Chicago hotels and another in the suburb of Schaumburg face foreclosure suits as the pandemic continues to batter… Read More »
Vinpearl hopes to build $2.2B casino-resort in Vietnam
Vinpearl has submitted a proposal for a $2.2 billion casino-resort in Vietnam, which, if approved, would be the ninth casino… Read More »
Hard-hit property sectors showing signs of recovery
The FTSE Nareit All Equity Index total returns rose 2.72% in February, and Nareit EVP of Research and Investor Outreach… Read More »
RFP issued for development of NYC site
Empire State Development has issued a request for proposal for a hotel-centered commercial or mixed-use development as part of a… Read More »
Google it: Travel is much on consumers’ minds
Analysis of activity via Google, the world’s leading search engine, indicates that interest in travel coupled with optimism over vaccine… Read More »
Poll finds vast majority forgoing spring break travel
Only 12% of Americans plan spring break trips despite widening availability of the COVID-19 vaccine, according to a survey by… Read More »
Meetings firm identifies cutting-edge tendencies
Vaccine availability has set the meetings business on the road to recovery, while regional gatherings reached by car remain ahead… Read More »
Clarify hotel reopening process, unions ask Ill. Senate
The Chicago Federation of Labor is beseeching Illinois lawmakers to end the “limbo” of tight limits on hotel convention attendance… Read More »
Wilton Rancheria tribe gets financing for Calif. casino
Construction on a $500 million casino-resort near Sacramento, Calif., is imminent, now that the Wilton Rancheria tribe has obtained funding… Read More »
Dallas complex to feature 500-room hotel-convention center
The $1 billion Sapphire Bay mixed-use project on Lake Ray Hubbard in Dallas will include a 500-room hotel and conference… Read More »
Basketball tourney gives bounce to Indy hotel trade
Next week’s Big 10 men’s and women’s basketball tournaments are giving the struggling downtown hotel business in Indianapolis a shot… Read More »
Classic Vacations purchase signals upswing for upscale
Expedia Group has agreed to sell high-end trip provider Classic Vacations to the Najafi Companies, a private equity firm whose… Read More »
Hotels among targets as $300B awaits equity firms
Global private equity firms have accumulated more than $300 billion in their real estate funds, according to Preqin, positioning them… Read More »
Work resumes on Universal’s Epic Universe in Fla.
Work on the new Epic Universe theme park resumed at Universal Orlando Resort in Florida. The theme park, which will… Read More »
Partnership between Loews, Omni reflects new normal
A new partnership between Loews Hotels & Co. and Omni Hotels & Resorts will promote collaboration and cross-marketing with focus… Read More »
VICI Properties, Apollo funds buy Las Vegas assets
Las Vegas Sands has struck a deal with VICI Properties and funds tied to Apollo Global Management to sell its… Read More »
Hyatt’s independent brands slated for global growth
Hyatt Hotels’ three independent brands will have openings in several new countries by 2025, including Japan, Finland, Mexico and Thailand,… Read More »
Marriott plans use of AI in hotel design
Marriott International Inc. has announced it will become the world’s first hotel company to employ artificial intelligence to help design… Read More »
Extravagance continues with 2nd Xcaret resort in Mexico
The Hotel Xcaret Arte in Riviera Maya, Mexico, will showcase Maya culture while regaling travelers with 900 suites, 10 bars… Read More »
New factor in hotel choice: Sustainability
Sustainability can join the selling points for hotel selection thanks to a formula developed by the corporate lodging platform HRS…. Read More »
Hotel surge spurs demand worry in St. Augustine, Fla.
The five hotels in development in and around downtown St. Augustine, Fla., along with two in nearby Vilano Beach, may… Read More »
Omni sells 5 hotels in focus on conventions, resort field
Omni Hotels & Resorts has sold four Texas hotels and one in Florida in keeping with plans to focus on… Read More »
February brought springtime to hotel stocks
Publicly traded hotel companies saw share prices reach pre-pandemic levels with hefty gains in February, heralding strong investor confidence in… Read More »
$10M to be added to Denver hotel fund for homeless
The Denver City Council voted Monday to spend an additional $10.2 million to provide hotel and motel rooms for the… Read More »
VICI CEO: US leisure market could come “roaring back”
The summer could mark the return of the leisure market, which could come “roaring back” due to pent-up demand and… Read More »