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 »
St. Louis hotel project taps BIM, prefabrication
Building information modeling and prefabricated components are facilitating construction of a $26.4 million AC Hotel in St. Louis. “BIM has… Read More »
Freebies, cost cuts beckon in new Hyatt campaign
A new promotion by Hyatt Hotels affords guests a choice between a free one-night stay with four paid nights or… Read More »
Amber Rock Resort could rise in Derbyshire, England
A public consultation process has begun on the Amber Rock Resort project set to be built on a former quarry… Read More »
Jungle Island redevelopment in Miami moves forward
Plans to redevelop Jungle Island in Miami into a new resort featuring a 300-room hotel were recently approved by city… Read More »
$5M campaign aims to improve hotel industry equity
The American Hotel & Lodging Association Foundation has launched a $5 million initiative to advance the status of women and… Read More »
Las Vegas Wynn Resort to get podcast studio
Wynn Resorts will be investing $3.5 million to include a podcasting studio in the lobby of its Wynn Las Vegas… Read More »
Thompson San Antonio makes ballyhooed debut
The 20-story Thompson San Antonio opened last week in the River Walk area, offering what owners tout as “sophisticated experiences… Read More »
Adviser roundtable optimistic about summer
The six advisers and suppliers at the Luxury Travel Advisor roundtable in January have their sights set on summer, when… Read More »
Hotels turn nightly vacancies to long-term workspace
Hotels stuck in a pandemic-caused slump that’s projected to persist for several years are filling the gap in some cases… Read More »
Hotel stocks rise as Macao travel restrictions are lifted
Macao authorities have lifted restrictions requiring visitors to quarantine for two weeks and undergo medical observation, which casinos are hoping… Read More »
N.Y. governor opens vaccine access to hotel workers
New York Gov. Andrew Cuomo responded to pleas from the state’s hotel workers Friday by declaring them eligible for COVID-19… Read More »
China’s uneven recovery good enough for hotel boom
Hotel development in China is proceeding apace despite a bump in the nation’s pandemic recovery road caused by a winter… Read More »
Travel industry asks lawmakers for financial help
Travel companies are asking Congress for help for the industry and sent a letter to legislators representing Florida. The coalition… Read More »