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 »