$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 »
Marriott: Long view favorable despite rare annual loss
Marriott International reported its first full-year loss in more than a decade Thursday, citing a 57% decline in group bookings… Read More »
New booking tool caters to business traveler
Monaker’s new engine NextTrip offers bookings for alternative lodging, everything from a chalet to a castle for business travel. NextTrip,… Read More »
Downtown L.A. construction unabated by pandemic
Ten projects valued collectively at more than $3 billion and highlighted by hotels and apartment buildings comprise a construction scene… Read More »
Poll shows hotel chains command most consumer trust
A recent survey indicates prospective American travelers are more confident in major hotel chains than in boutique hotels or home-sharing… Read More »
France fines Google over discredited hotel ratings
Google’s use of its own hotel rating system rather than the public tourism board’s will cost the company more than… Read More »
Pandemic plunges Hyatt below forecast in Q4
Hyatt Hotels posted a fourth quarter loss of $1.77 a share, worse than the $1.38 analysts expected, as a coronavirus… Read More »
Battered NYC hotels hit airwaves seeking tax relief
The trade association for New York City’s struggling hotels has launched a TV and radio ad campaign beseeching Mayor Bill… Read More »
$1B capital infusion plan for hotels spurred by ACORE
A nearly yearlong effort to build a financial support resource for the pandemic-wracked hotel industry has yielded a $1 billion… Read More »
Montana’s Big Sky Resort will add world-class lodging
A $400 million luxury hotel will make its debut this year at Montana’s Big Sky Resort, one of America’s premier… Read More »
Getaways for wealthy lockdown escapees
Wealthy residents of the US and elsewhere have ramped up their escapes from confinement as the pandemic has worn on… Read More »
2020 Asia-Pacific growth for top 4 defies odds
The four largest global hotel companies operating in the Asia-Pacific opened more than 300 hotels and signed more than 500… Read More »
Atlanta restaurant reinvents retro supper club standbys
At The Betty in Atlanta’s new Kimpton Sylvan Hotel, executive chef Brandon Chavannes serves a menu inspired by the supper… Read More »
Sorenson peers send praise, condolences
Marriott International CEO Arne Sorenson was hailed as “an incredibly respected man,” “a true leader and visionary” and “a warm… Read More »
Deal will see cell site investments on Pebblebrook’s rooftops
Pebblebrook Hotel Trust and Melody Investment Advisors have struck an agreement in which Melody will invest in 14 rooftop cell… Read More »