Houston’s idle Hotel Alessandra changes hands for $65M
Host Hotels & Resorts has paid $65 million to purchase downtown Houston’s Hotel Alessandra, which has been closed since January… Read More »
Oyo reportedly shortlists banks for $1.2B IPO
The Indian hospitality startup Oyo Hotels & Rooms aims to raise $1.2 billion or more in an initial public offering… Read More »
Business travel strides forward, with some steps back
The reopening of New York City’s expanded Javits Convention Center, followed by the abrupt cancellation of a major auto show… Read More »
Vacation Confidence Index shows Americans ready to travel
Allianz Partners’ 13th Annual Vacation Confidence Index shows that 56% of Americans haven’t traveled in a year and 60% say… Read More »
Pre-pandemic levels place Choice Hotels alone at top
Brands built for car trips and for leisure rather than corporate travel have carried Choice Hotels to a unique position… Read More »
Ex-slugger A-Rod’s firm buys Miami Beach hotel
CGI Hospitality Opportunity Fund I, whose investors include former baseball star Alex Rodriguez, has purchased the Celino South Beach hotel… Read More »
Hotel at Legoland New York Resort now open to public
Legoland New York Resort in Goshen opened its Legoland Hotel to the public recently. The 250-room hotel features Lego-themed play… Read More »
Biden’s limited reopening idea displeases travel group
The Biden administration is considering reopening the US to foreign visitors, but only the fully vaccinated, a measure that is… Read More »
Calif. casino restaurant hopes to boost area dining
San Manuel Casino hopes its Serrano Vista Cafe will boost the property’s dining profile, as well as the surrounding area’s… Read More »
Wyndham targets barriers to hotel ownership by women
An initiative by Wyndham Hotels & Resorts seeks to draw women into hotel ownership by addressing discrimination and offering personalized,… Read More »
Calif. plans $5.8B hike for hotels-to-shelters program
California spent $800 million in 2020 to convert vacant hotels, motels and other idle buildings into shelters for 8,200 homeless… Read More »
Unprecedented Calif. hotel dealing affirms optimism
California hotel transactions have soared to historic highs this year as investors wager on the waning of the pandemic. The… Read More »
Summer bounce advances lodging on long recovery path
A summer travel surge is driving a slow but steady comeback for the hospitality business led by non-top-25 markets, a… Read More »
Hotel planned for iconic San Antonio broadcast site
A Sinclair Broadcasting investor group has secured preliminary city approval to build a 29-story mixed-use tower with hotel on the… Read More »
KFC opened a hotel
This KFC-themed hotel looks finger-licking good. The “House of Harland” features a KFC video game and a button guests can… Read More »
VICI makes deal to buy MGM Growth Properties
VICI Properties is acquiring MGM Growth Properties in a transaction that values MGM Growth at $17.2 billion. VICI said the… Read More »
Study tells Asian-American hoteliers’ success story
Asian-Americans own 60% of US hotels and 89% of lodging properties in Texas, yielding $680 billion in annual sales, according… Read More »
How HR can help businesses prepare for the future
HR has been evolving for years, but the pandemic has shown how the function can help businesses be “future ready”… Read More »
Disneyland to introduce app to unlock hotel doors
Guests visiting Disneyland will soon be able to check in on their cellphones instead of using keycards. Guests will be… Read More »
New Maldives resort has something for everyone
Architect Marcio Kogan’s first resort, Patina Maldives, in the Maldives on Fari Islands includes lush, green gardens and open spaces… Read More »
W.Va. hotel gets new ownership
Roxby Development recently acquired The McLure House in Wheeling, W.Va. Company President Jeffrey Morris said floor-by-floor renovations will be completed… Read More »
Hotels suffer labor shortage
A labor shortage is causing hotels to remain short-staffed during summer travel. The American Hotel & Lodging Association projects hotels… Read More »
N.Y. struggles with loss of hotel jobs
New York’s struggling hotel industry has 40% fewer jobs this year than it had in 2019, prior to the COVID-19… Read More »
Hotel operating profits hit 84% of 2019 levels
The gross operating profit of hotels in the US has risen to 84% of 2019 levels. “While improvement in each… Read More »
What leaders and boards should do now
Companies can stay ahead of the pandemic-induced rate of change by reevaluating their talent strategy, real estate and productivity measurement,… Read More »
The Four Seasons New Orleans to open next month
The 341-key Four Seasons New Orleans is set to debut Sept. 1. The property, which took $530 million to convert… Read More »