Receiver appointed for troubled Garibaldi at Squamish resort proposal
The $3.5 billion proposal for a major resort north of Squamish hits snag on disagreements on how to proceed an the operating firm's default on loans…
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Foley Entertainment Group Expands Luxury Hotel Portfolio with Acquisition of MacArthur Place
Iconic Sonoma, Calif., hotel and spa the latest addition to FEG's hospitality vertical - Foley Entertainment Group (FEG), established by businessman and Sonoma Valley vintner, Bill Foley, has acquired Sonoma’s iconic MacArthur Place Hotel & Spa from…
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Developers Finalize Acquisition and Financing for JFK Hotel-to-Residential Conversion
Slate Property Group and RiseBoro Community Partnership have acquired the shuttered JFK Hilton hotel in Jamaica, Queens, for $64 million, with plans to start converting the site into supportive housing next month, the developers and city officials…
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Baltimore Hilton hotel faces ‘catastrophic structural failures’ if pipes aren’t fixed
The plans called for copper. Instead, steel was used. Now, the city-owned Hilton Baltimore Inner Harbor hotel claims it could face “catastrophic structural failures” if the hotel doesn’t replace its pipes…
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Tallest hotel in Las Vegas finally welcomes guests after sitting empty for 10 years
The tallest hotel in Las Vegas has finally opened its doors after a sitting empty and unfinished for more than 10 years.
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Grand opening finally welcomes Fontainebleau Las Vegas
The Fontainebleau Las Vegas will host its grand opening Wednesday night, completing a development process that has spanned more than 15 years…
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Crown launches internal investigation into CEO
Crown Resorts, the gaming giant owned by New York-headquartered private equity firm Blackstone, is investigating its chief executive, Ciaran Carruthers, over allegations he intervened to allow patrons back into its casinos even after security had…
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The owner of the historic Bancroft Hotel in Berkeley now wants to turn it into mostly offices, instead of an apartment complex…
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Globetrotters' Gold Rush: Top Urban Hotspots Entice Hotel Investors
An increase in foreign travel following the reopening of all international borders earlier this year is positively impacting the hospitality industry, with global urban markets such as London, New York and Tokyo emerging as the most appealing for…
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Gosford expands with new $375m complex and voco hotel
Sydney developer ALAND has joined IHG Hotels & Resorts to open a new premium hotel as part of its $375 million apartment project on the expanding NSW Central Coast…
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Blackstone buys Kyoto Moxy Nijo hotel for $54 million amid tourism boom
Blackstone (NYSE:BX) Inc. has acquired the Moxy Kyoto Nijo, a Marriott International (NASDAQ:MAR) hotel, for ¥8 billion ($54 million), tapping into the flourishing Japanese hospitality market fueled by a robust recovery in tourism…
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Saudi wealth fund to buy 49% of luxury hotel chain Rocco Forte
Saudi Arabia's PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels and help to support its expansion, the owner of Britain's Balmoral hotel said on Monday…
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The Sedona Hotel Yangon in Myanmar is set to reopen Friday after an extended shutdown due to COVID-19 and the military's 2021 takeover of the government, with limited demand expected from business travelers and well-off domestic customers…
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ROI: How to balance the dynamics of hotel brand standards
Industry leaders explore the intricate balancing act of maintaining brand consistency while allowing room for the individuality and uniqueness that hotels need to flourish in an ever-evolving market.
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Trump's legal woes sow uncertainty for hotel brand
With former President Donald Trump and his namesake company embroiled in a high-profile civil trial in New York, the future of some of Trump's real estate and hospitality empire, including the Trump International Hotel & Tower New York, remains…
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Choice to nominate directors for Wyndham Board
During the company's third-quarter earnings call in early November, Choice Hotels International’s new CFO Scott Oaksmith said that Choice had become a “nominal shareholder” of Wyndham Hotels & Resorts as part of its efforts to acquire Wyndham’s…
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FCTA, Daewoo in Talks Over Citing of 5-Star Hotel in Abuja
“Even though there will be a lot of challenges for doing business between you and us, we are willing to comply with your demands and your guidance,” said Jung Won Ju. The FCT Minister, Mr…
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Towering former Portsmouth star's unexpected retirement side hustle in homeland of Iceland
However, it has also emerged that the former player has also made the unusual move into the hospitality industry in Iceland, with his own hotel around a one-hour drive from his team's ground…
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