Caesars Virginia seeks proposals for Va. casino-resort
Caesars Virginia has solicited proposals from general contractors for a casino and resort hotel in Schoolfield, Va. Construction would begin… Read More »
Reef expands with acquisition of 2ndKitchen
Ghost kitchen operator Reef Technology will acquire Chicago-based startup 2ndKitchen, which enables hotels, apartment buildings and other nonfood businesses to… Read More »
Marriott Courtyards tagged for sweeping facelift
About 375 of the oldest North American locations of Courtyard by Marriott, the brand with the widest distribution in the… Read More »
Marriott enters metaverse with NFTs
Marriott International has unveiled its first entry into the metaverse with three art-inspired nonfungible tokens, which debuted at the Art… Read More »
Puerto Rico hotels gain buyer appeal from tourism rise
Surging tourism in Puerto Rico has stirred reports that some of the island’s premier hotels may change hands. Hedge fund… Read More »
Gaming and Leisure Properties buys 3 casinos in $1.8B deal
Gaming and Leisure Properties is acquiring three casino properties in a sale-leaseback transaction with the Cordish Cos. in a deal… Read More »
Strengthening stock lifts Marriott into elite
Marriott International’s Relative Strength Rating in the stock market inched up Tuesday as medical officials downplayed concerns that the Omicron… Read More »
Signs of Silicon Valley hotel life seen in transactions
Three recent sales totaling $117.3 million in value indicate that California’s Silicon Valley hotel investment market is weathering the pandemic…. Read More »
Host Hotels & Resorts sells 5-asset portfolio for $551M
Host Hotels & Resorts has sold a portfolio of five hotels to Lone Star Funds for $551 million. The portfolio… Read More »
Hyatt’s non-alcohol option scores hit, will expand
Hyatt Hotels Corp. is responding to growing consumer demand for alcohol-free beverages by expanding an initiative called Zero Proof, Zero… Read More »
Saudi official says Hilton eyes adding 60 hotels
Saudi Arabia’s tourism minister said Tuesday that Hilton Hotels & Resorts plans to expand its 15-hotel Saudi Arabia portfolio to… Read More »
Accor defies COVID-19 with Paris cabaret purchase
French catering firm Sodexo has sold the famed Le Lido cabaret on the Champs-Elysees in Paris to French hotel chain… Read More »
Xenia Hotels to exit Chicago market with hotel sale
Xenia Hotels & Resorts has reached a deal to sell the Kimpton Hotel Monaco Chicago in a $36 million deal… Read More »
Wynn Reports plans events venue in Everett, Mass.
Las Vegas-based Wynn Resorts has filed plans to begin construction of an 1,800-seat events venue in Everett, Mass., next year…. Read More »
Hotels implementing environmentally friendly policies
Environmental sensitivity is a growing priority for travelers, and a number of hotels have been ahead of the curve. Marriott… Read More »
Some hotels shrinking rooms, expanding public space
Hotels are beginning to reinvent themselves, setting aside more space for remote workers and corporate travelers. As a result, hotel… Read More »
Hotels maintain guest approval rate despite struggles
The hotel industry’s guest satisfaction level last summer roughly matched 2020 and 2019 scores despite labor shortages and supply issues,… Read More »
Coronavirus spurs 5 Banyan Tree brand additions
Growing consumer interest in resort adaptation, wellness, sustainability and community engagement, largely sparked by the pandemic, has inspired the creation… Read More »
Lodging, leisure slump keys poor Nov. jobs report
Hospitality and leisure added only 23,000 jobs in November, compared to 170,000 in October, as US employment grew by less… Read More »
As travel gains altitude, so does Hotel Engine’s value
A comeback for business travel is reflected in rising investment, with one of the latest beneficiaries being booking platform Hotel… Read More »
Pebblebrook Hotel Trust buys Calif. hotel for $108M
Pebblebrook Hotel Trust made a $108 million deal to buy the Estancia La Jolla Hotel & Spa. The San Diego-area… Read More »
Reno, Nev., land sale may lead to project with lodging
Nevada-based Station Casinos has continued its real estate asset reduction by selling 88.7 acres in Reno for $32.6 million. The… Read More »
Work to begin soon on $3.3B London Resort in England
Pierre-Yves Gerbeau, CEO of London Resort Company Holdings, announced that the 535-acre London Resort theme park project in Kent, England,… Read More »
What variants? China hotel pipeline hits all-time high
Any fright potential in coronavirus variants appears to be lost on hotel developers, who raised China’s pipeline to a record… Read More »
First group of hotels announced for $50.6B Saudi project
Starwood Capital Group’s Baccarat Hotels & Resorts and Hilton Worldwide’s LXR Hotels & Resorts are among 14 upscale lodging brands… Read More »
CBL Properties is diversifying uses, tenant base
CBL Properties is focusing on applying a suburban town center strategy at its malls, attracting a broad range of tenants… Read More »