Miami buyer starts rebrand of Trump International Hotel
Miami-based CGI Merchant Group completed its purchase of the lease to the Trump International Hotel on Wednesday and immediately began… Read More »
N.C. city mixed-use project to begin building in June
Infrastructure work has been finished and vertical construction is set to begin next month on a $1 billion mixed-use development… Read More »
Durham, N.C., hotel changes hands for slashed price
An affiliate of Laxmi Hotels Group has paid $5.5 million for a Durham, N.C., hotel that sold for $9.78 million… Read More »
$100M project at Wis. casino to add gaming, dining options
An extensive renovation project at Potawatomi Hotel & Casino in Milwaukee will feature an exclusive high-limit room, 1,800 slot machines,… Read More »
Kimpton Hotels teams with Wag! to take pet parade lead
Kimpton Hotels & Restaurants is partnering with a mobile-based canine services company called Wag! to offer professional dog walking, sitting… Read More »
Cost hits $370M for Four Seasons in Jacksonville, Fla.
The estimated cost of a Four Seasons hotel development planned by pro football team owner Shad Khan on the Jacksonsville,… Read More »
Maui hotel-to-housing plan draws divided response
A proposal to convert a proposed Maui hotel into an apartment building with below-market rents for 60% of its 125… Read More »
STR: London on upswing in occupancy, room rates
April lodging occupancy in London reached 72%, its highest level since February 2020, according to preliminary data from STR. The… Read More »
3-tower Miami project with hotel eyed by Hyatt, Gencom
Hyatt Hotels and local upscale developer Gencom propose to build a three-tower complex with a 615-room hotel and 1,500 residences… Read More »
Fast start fuels hotel plan for Ill. Hard Rock casino
Owners of the Hard Rock casino in Rockford, Ill., seek to build on the temporary attraction’s early success by adding… Read More »
$50M development plan moves forward in N.C. city
Separate developer proposals totaling $50 million that would see construction of an apartment complex and a boutique hotel in downtown… Read More »
Wynn posts winning Q1 numbers, defying Macao chill
First-quarter cash flow for Wynn Resorts reached $953.3 million, up 29.4% year over year, offsetting the visitation drought afflicting the… Read More »
Hyatt adds Inclusive Collection to stable of global brands
Hyatt Hotels has unveiled a worldwide portfolio of nine all-inclusive luxury brands called Inclusive Collection. Hyatt’s 26 global brands now… Read More »
Buyer of NYC’s noted Hudson Hotel wins $207M loan
Cain International has secured $207 million in financing from Parkview Financial and Montgomery Street Partners for its purchase of the… Read More »
Bally’s scores Chicago’s first casino license
Bally’s Corp. has prevailed over two other finalists, Hard Rock and Rivers, in securing Chicago’s first casino license, pending the… Read More »
Trump D.C. hotel lease sale draws more scrutiny
Leading US House members are demanding further information about CGI Hospitality Opportunity Fund I as the Miami-based investment group prepares… Read More »
Brookfield funds in deal for Watermark Lodging Trust
Funds managed by Brookfield Asset Management have formed a deal to acquire Watermark Lodging Trust in an all-cash transaction valued… Read More »
US shut out of Tripadvisor’s annual top 10 hotel lineup
Tulemar Bungalows & Villas in Costa Rica heads this year’s rankings of the world’s top 10 hotels by Tripadvisor, with… Read More »
Hard Rock Hotels rolls out 2-pronged bonus initiative
A new promotion by AIC Hotel Group features a $100 credit allowance for guests at all-inclusive Hard Rock Hotels properties… Read More »
Hotel tax hike heads to November vote in Lompoc, Calif.
A proposed 1% increase in the hotel bed tax will go to a voter referendum in Lompoc, Calif., in November…. Read More »
IHG hails revenue, occupancy stats as demand swells
Holiday Inn owner IHG Hotels & Resorts says surging demand across nearly all its locations worldwide fueled a 61% increase… Read More »
Where to book for 2025? How about outer space?
A startup called Orbital Assembly Corp. says it will open the first hotel in outer space in 2025, with a… Read More »