NYC Pays $220 Million To Rent Hotel Owned by Pakistan, Vivek Ramaswamy Calls It 'Nuts'
New York City is paying $220 million to rent the Roosevelt Hotel, owned by Pakistan International Airlines, to house illegal immigrants, a report revealed. The hotel, part of a $1.1 billion IMF bailout package for Pakistan, had been closed since…
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Saudi Arabia unveils vast mountain hotel that looks suspiciously like city from Lord of the Rings
As part of a trillion-dollar project, Saudi Arabia has unveiled a new hotel that looks suspiciously like something out of Lord of the Rings — and its development has caused anger.
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Desperately Seeking Value Creation 3.0
The business world is an eternal cycle of reinvention, where actors adapt to market conditions by establishing a new ecosystem that appears most relevant. Hospitality investors are no exception. Along the way, they’re integrating today’s new data…
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Liam Payne's death investigation takes new turn as police demand access to hotel computers
Police are continuing to probe the Casa Sur Hotel in Buenos Aires, Argentina, where One Direction star Liam Payne tragically fell to his death aged 31 on October 16.
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When pubs and restaurants close, our culture is a casualty
Hospitality jobs have long kept struggling artists, actors and musicians going. When those gigs go, the arts are diminished too.
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The Trump Organization wants to open a luxury hotel in the heart of Israel
Donald Trump’s family business tried to open a luxury hotel in Jerusalem, Israel, according to a report.
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What are Spain's controversial new rules for registering hotel guests?
Hoteliers and travel agencies have warned that controversial new hotel registration rules in Spain are not only difficult to implement but will make holidays more expensive for travellers and could hurt the tourism sector's competitiveness abroad…
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Artificial Intelligence Is Checking Into Your Hotel – Are You Ready?
Even though artificial intelligence has been a part of our lexicon for more than seventy years, artificial intelligence remains the latest bright shiny thing. Businesses large and small feel compelled to incorporate artificial intelligence into…
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Park Plaza Hotel owner refinances £150m in debt
PPHE Hotel Group, the owners of Park Plaza Hotel and Holmes Hotel, has refinanced more than £150m in debt…
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The annual JLL Hotel Operations’ Sentiment Survey has forecasted mixed fortunes for the hotel sector in the Asia Pacific region in the year ahead.
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One Blackpool hotel group told me in 12 months they paid £800k in commissions to Booking.com
Hoteliers and B&B owners have raised concerns over the business practices of Booking.com in Blackpool…
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What’s top of mind for Australian finance execs?
At a HICAP ANZ panel in Sydney, hotel executives discuss financing, insolvency issues and tax changes happening right now in the Australian hospitality market.
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Evergreen apologizes over Chinese flag furor at Paris hotel
The management of Taiwan's Evergreen Laurel Hotel on Thursday issued an apology for not including the Chinese flag in the Olympics decor at its Paris hotel, which had offended some of its patrons.
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6 big trends for hospitality real estate in Q3
We recently gathered together a select group of investors to discuss the ins and outs in our Q3 Investor Council meeting. Below are a selection of the key nuggets from that discussion. We’ll be developing some of these themes further over the next…
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Hotels dealing with the aftermath of the global IT outage
The global IT blackout has exposed critical vulnerabilities in the hotel industry's digital infrastructure, leading to significant operational challenges.
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Selina: The end? Hospitality chain facing insolvency after defaulting on loan
The hospitality chain has lost 99.5% of its value since going public, currently having a market cap of just $25 million. It is set to soon be delisted from Nasdaq after repeatedly failing to meet the exchange’s deadlines…
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The Pier Hotel closes: The 'world's toughest pub' shuts its doors after more than 130 years
An Aussie pub that boasted the record for the most stabbings in one night and was once dubbed the 'toughest in the world' has closed…
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Investor Profile: Agile ECE applies vertical skills to hospitality
If the Otto family-owned ECE Group was born out of its deep knowledge of the retail trade and retail real estate in the 1960s, the firm today – an independent real estate developer, operator, owner and investor in several asset classes – is still…
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