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 »
Study: Travelers seek warmth, nearness, flexibility
Priceline’s latest take on travel trends includes an increase in close-to-home road trips as well as bleisure and workation trips…. Read More »
Addition at N.C. casino-resort to open late fall
An opening date has not yet been set, but a $330 million project at Harrah’s Cherokee Casino and Resort in… Read More »
Poker champ turned hotelier sees Va. site as safe bet
A globetrotting entrepreneur and former Silicon Valley software engineer who’s also a star poker player with millions in winnings has… Read More »
Prefab design-builder secures $190M
Digital design-build company Prescient plans to make a bigger play in the multifamily sector, after securing $190 million in strategic… Read More »
Ryman buys remaining stake in Gaylord Rockies for $210M
Ryman Hospitality Properties has made a $210 million deal to acquire the remaining interest in the Gaylord Rockies joint venture… Read More »
Hyatt shares good news along with $304M Q1 loss
Hyatt Hotels reported a $304 million net loss for the first quarter, nearly three times that of the first quarter… Read More »
China will see 4 more upscale Hilton-Shimao hotels
The largest Conrad hotel in Asia will be among four luxury properties Hilton and Shimao Group Holdings have agreed to… Read More »
Priceline: Travelers want warm and close to home
Priceline’s latest take on travel trends includes an increase in close-to-home road trips as well as bleisure and workation trips…. Read More »
Hotels, business group partner in Grand Rapids, Mich.
The Hotel District of Grand Rapids, Mich., which comprises 10 downtown properties, is teaming up with the Center City Business… Read More »