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 »
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 »
NYC benefiting from holiday crowds
The holiday season is offering some positive signs for New York City so far, with some retailers reporting foot traffic… Read More »
Timbers’ new Soleil brand built for agility
Florida-based Timbers Co. has created a brand called Soleil Hotels & Resorts adaptable for US locations ranging from urban centers… Read More »