Deflated prices continue in Twin Cities hotel trading
The DoubleTree Suites in downtown Minneapolis is the latest hotel in the Minnesota Twin Cities area to sell at a… Read More »
Virtual reality lets job-seekers give resorts a tryout
MGM Resorts Inc. is addressing the very real problem of employee turnover by inviting applicants to experience operations through virtual… Read More »
Hotel value leap shows Texas buyer’s Fla. Enthusiasm
A waterfront hotel in Florida has fetched $37.9 million from a Texas buyer after selling for $20.2 million a decade… Read More »
Hotels will no longer be one-size-fits-all
Lodging designers said the hotel of the future will look different and function differently with more emphasis on technology and… Read More »
Lodging outlook: 2022 will serve those who’ve learned
Smart hoteliers will realize that business-as-usual perished with the pandemic, and new thinking must pervade all aspects, from marketing to… Read More »
$360M funding round heralds $1B plan by Noble Investment
Atlanta-based Noble Investment reportedly has raised $360 million toward a $1 billion hard cap for US hotel purchases. Extended-stay and… Read More »
Share buyback lays groundwork for casino-resort project
Station Casinos Inc.’s parent company will pay $350 million to buy back 6.9 million shares of stock as it adjusts… Read More »
Pa. ski sites acquired by Vail Resorts for 9 figures
Vail Resorts will pay a tentative price of $125 million for three Pennsylvania ski resorts and connected properties including a… Read More »
NYC steps up fight against illicit short-term rentals
The New York City Council has passed legislation to tighten regulations on short-term rentals such as Airbnb, long criticized by… Read More »
Ill. casino-resort bid awarded to Full House Resorts
The Illinois Gaming Board has chosen Full House Resorts of Las Vegas, one of five competitors, to build a $500… Read More »
Apple Wallet room keys come to 6 Hyatts
Loyalty club members can access their rooms at six Hyatts via Apple Wallet-based room keys on iPhones and Apple Watches,… Read More »
So far not bad for hotel industry on Omicron watch
The Omicron variant doesn’t appear to have crimped the hotel business, at least according to the first full week of… Read More »
Citing demand, Marriott plans 30-plus new luxury hotels
Marriott International will add more than 30 properties to its stable of 460-plus luxury hotels next year, the company announced… Read More »
New casino opens doors at Antigua resort
Casino Royale, a 4,305-square-foot venue with 80 slot machines and six table games, has opened in Antigua at Royalton Antigua,… Read More »
Hotel housekeeping tech firm Optii acquired by MCR
MCR, one of the nation’s largest hotel owners and operators, has added the hotel housekeeping management software platform Optii to… Read More »
Mack-Cali rebrands as Veris Residential, focuses on apartments
Shifting its focus to apartments, Mack-Cali Realty is rebranding as Veris Residential, which Chair Tammy Jones calls “an important milestone… Read More »
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 »