MGM Resorts’ cyberattack headache continues as regulators launch investigations
The company said it could face fines in connection with regulatory inquiries stemming from the social engineering attack.
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IHG PROJECTS $1 BILLION SHAREHOLDER RETURN FOLLOWING STRONG 2023
It aims to grow luxury without neglecting mid-scale business - IHG HOTELS & RESORTS reported a 23 percent increase in profit from reportable segments in 2023, surpassing the $1 billion milestone for the first time…
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The rising cost of doing business is the most serious challenge facing hotels this year, according to new research from the Irish Hotels Federation (IHF)…
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Eco Hotels and Resorts eyes over 2,000 rooms under its ops by March 2025
Eco Hotels and Resorts is targeting more than 2,000 hotel rooms under its operations by March 2025. Earlier this month, the company inked an initial pact with Vitizen Hotels Ltd (VHL) to acquire a 100 per cent stake of VITS in the VHL…
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The Hunter Hotel Investment Conference ("HUNTER" or "Hunter Conference") is pleased to present Bob Hunter, Founder of Hunter Hotel Advisors and Hunter Conference, with the 2024 Hunter Conference Award for Excellence and Inspiration…
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Bloom Hotels turns profitable with Rs 144 Cr revenue in FY23
Hospitality chain Bloom Hotels was established 13 years ago but it has gained momentum in the past few years…
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Scottish hotel market records £310 million in transactions
Scotland saw hotel transaction volumes (sales of £1 million+) reach £310m in 2023, up 98% on 2022’s figure of £156m, according to Savills…
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Here's How Much a $1000 Investment in Marriott International Made 10 Years Ago Would Be Worth Today
How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well…
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Hotel Investing Remains Cheap as Sector’s Recovery Continues, per Analyst
Morgan Stanley’s Bluhm notes that lodging deal activity is picking up amid lowering rates…
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Aareal Bank Backs Starwood Capital with Financing for Premier London Hotel Portfolio
Aareal Bank has provided financing for the acquisition of a premier collection of ten hotels in London by a controlled affiliate of Starwood Capital Group…
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Libyan Investment Authority launches hostile takeover of South Africa’s Legacy Hotels
The Libyan Investment Authority, the country’s sovereign wealth fund, has launched a hostile takeover bid for one of SA’s premier hospitality groups, Legacy Hotels, following a bitter boardroom fallout, putting a multibillion-rand property portfolio…
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Expedia Plunges on CEO Departure - Stock slid 15% on the departure of CEO Peter Kern
Expedia Group CEO Peter Kern is taking a vacation, but will the rest of us be able to afford one? Kern will stay until May 1 and expressed confidence in his successor, Ariane Gorin…
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MCR Refinances 16 Hotels for $333 Million
NEW YORK, February 08, 2024--(BUSINESS WIRE)--MCR — the country’s 3rd-largest hotel owner-operator — has refinanced a 16-hotel portfolio for $333 million, generating $51 million of net proceeds…
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Owner Defaults on San Francisco Financial District Hilton Hotel
The InterGroup Corporation is a Delaware corporation formed in 1985, as a successor to Mutual Real Estate Investment Trust, a New York real estate investment trust created in 1965…
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‘F1 Fooled Us’: $4 Million Losses Served by Las Vegas GP Makes Local Business Owners Hit Back
The poster boy of the 2023 season, as it turns out, has become a troubled child. The Las Vegas GP went through a roller coaster of emotions and opinions between the build-up to post-race…
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Profits at Pettitt’s Talbot hotel and supermarket group Torski tumble by almost €2m
Post-tax profits at the business behind the four-star Talbot hotel group and the long-established Wexford-based Pettitt’s supermarkets fell by nearly €2m as inflationary pressures bite…
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Hotel consortium buys Great Yarmouth’s The Royal Hotel
55-bedroom seafront hotel has been purchased by AYA Hotels, a consortium of three hospitality businesses based in the Norfolk region…
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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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