Basketball tourney gives bounce to Indy hotel trade
Next week’s Big 10 men’s and women’s basketball tournaments are giving the struggling downtown hotel business in Indianapolis a shot… Read More »
Classic Vacations purchase signals upswing for upscale
Expedia Group has agreed to sell high-end trip provider Classic Vacations to the Najafi Companies, a private equity firm whose… Read More »
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 »