Las Vegas is making its bets on March Madness
Las Vegas is preparing for a subdued March Madness, but that doesn’t mean there won’t be action. Hotels and restaurants… Read More »
Pebblebrook CFO explains selling San Francisco hotel at a discount
Pebblebrook Hotel Trust CFO Raymond Martz explains the REIT’s decision to sell the Sir Francis Drake hotel in San Francisco… Read More »
Owners try new ways to sell hotels
Banks and hotel owners are offering lower rates in an attempt to sell hotels that have not been profitable, similar… Read More »
Free testing added to Palladium pandemic services
Palladium Hotel Group has been enhancing a coronavirus-focused array of guest services that was launched in July. As of last… Read More »
Hotels figure in real estate mutual funds outlook
Real estate-focused mutual funds are positioning their investment strategies for the many changes expected in the post-pandemic environment, including eventual… Read More »
Glow, crowds diminished at Trump Hotel in D.C.
The once-bustling Trump International Hotel in Washington, D.C., appears to have been reduced to a quiet venue in the face… Read More »
Price cuts highlight Hard Rock International promotion
Rate discounts of up to 50% and early and late check-ins will be offered to guests at 22 Hard Rock… Read More »
Hotel chain loses pandemic insurance claim
Ceres Enterprises, which owns hotels in Indiana, Minnesota and Ohio, lost its appeal over a COVID-related business insurance claim filed… Read More »
Holiday Inn Express showing eases $153M IHG loss
InterContinental Hotels Group cited the pandemic’s chill on travel in booking a $153 million loss Tuesday, but said its Holiday… Read More »
US Oyo operators gain more latitude, tech help
US owners of Oyo Hotels & Homes will enjoy increased pricing flexibility and technological support, among other enhancements, under a… Read More »
$350M hotel-residential tower pair eyed in Chicago
A partnership linked to a suburban Chicago developer has proposed a two-tower hotel and residential project in the city’s South… Read More »
Hope trumps distress as hotel sale prices defy pandemic
The window to cut-rate acquisition of distressed hotel properties appears to be closing as sellers hold the line out of… Read More »
Hong Kong warns travel operators not to fix prices
Hong Kong’s Competition Commission is issuing infringement notices to those involved in price fixing between two travel service operators, including… Read More »
Construction delays to postpone opening of Cyprus casino
Plans to open City of Dreams Mediterranean, a casino-resort in Cyprus, have been postponed a year to the third quarter… Read More »
Sign pointing up: Hyatt sale joins Dallas-area trend
A Hyatt property in the Dallas suburb of Frisco is the latest example of a hotel real estate market revival… Read More »
Casino REITs well-positioned during pandemic
Three casino REITs — Gaming & Leisure Properties, VICI Properties and MGM Growth Properties — have enjoyed some stability despite… Read More »
Legoland New York Resort plans debut in Goshen this year
Legoland New York Resort will open in Goshen this year as planned after Gov. Andrew Cuomo issued reopening guidance for… Read More »
Report: Women, Black people make gains on hotel boards
Representation of women and African-Americans on hospitality boards reached record levels in 2019 before the trend slowed in 2020, a… Read More »
2 cities in Mexico will host Wyndham Esplendor debuts
Wyndham Hotels & Resorts plans to open 10 new hotels throughout Mexico by the end of 2022, starting with the… Read More »
Travel comeback imminent, cities included, survey shows
Pent-up demand is highly evident in Expedia Group’s newly released 2021 Travel Trends Report, with nearly half of respondents saying… Read More »
Storied hotel in San Diego changing hands
A local restaurant group is in escrow to purchase the historic Lafayette Hotel in San Diego. Once a sanctuary for… Read More »
Certares eyes survivors in charting hotel venture
Certares founder Greg O’Hara says the travel company’s newly announced foray into real estate, focusing on hotels, draws from observation… Read More »