US hotel loan defaults could rise on falling leisure stays, climbing costs
U.S. hotel owners could see greater pressure on their ability to service the loans backing their properties, as a decline in leisure stays coupled with rising costs are expected to pinch their profits…
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Forbes: Asia’s billionaires ramping up hotel investments in Singapore
At least 10 billionaires, including the likes of Hong Kong’s Pansy Ho and Indonesia’s Sukanto Tanoto, are now investing more than S$6 billion (US$4.4 billion or RM20.57 billion) to build new hotels and expand their operations across the city state…
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t’s a New York icon with its distinctive signage. The New Yorker Hotel, at 481 Eighth Avenue, has a history dating back to 1930, playing host to world-famous figures like John F Kennedy, Fidel Castro and Joe DiMaggio even as ownership has shifted…
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Dubai’s Five Hotels Publishes Financial Results for First Time
One of Dubai's top hotel holding companies suddenly posts two and a half years of financial data on its website. Either FIVE is feeling very proud of itself, or it's planning to go public soon.
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Opinion - Dear Annie: Micromanaging owner causing restaurant manager stress-related health issues
My son is the manager at a nice established restaurant. The owner is absent and only communicates through texts and calls to my son…
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Inside EasyHotel’s Turnaround: CEO Strives to Double Hotel Count by 2026
With a turnaround artist at its helm, EasyHotel is finally poised for its long-awaited expansion…
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Innovative Corporate Structures Drive Successful Hospitality, Hotel Valuation Remains Strong
The challenges facing hotel owners with maturing debt as well as hotel investors and developers are significant. However, they are increasingly getting creative and finding alternative financing solutions…
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Sir Andy Murray wants to build a 'wellness cottage' in the grounds of his £2million five-star hotel to offer spa treatments to guests…
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Wynn Resorts Settles Sexual Harassment Suit with Salon Workers
Wynn Resorts Ltd. settled this week with nine anonymous women who filed a sexual harassment lawsuit against the company in 2019, as the Las Vegas Review-Journal first reported. The terms of the settlement agreement, filed in U.S…
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Tata Power's clean energy deal with Chalet Hotels reduces C-emissions
Tata Power Renewable Energy (TPREL) has entered into a power delivery agreement (PDA) with Chalet Hotels, aimed at supplying 13.75 million units (MU) of environmentally friendly energy…
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How to Start a Hotel Business: Your Ultimate Guide
Starting a hotel can be both a thrilling and daunting venture. From boutique havens to franchising giants, this guide sheds light on the myriad pathways and decisions in crafting your dream establishment…
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The Fifth Avenue Hotel Brings New Opulence to NoMad
The hotel, opening in September, will also feature a new restaurant from chef Andrew Carmellini.A decade ago, hotelier Alex Ohebshalom returned to New York after a year-long solo backpacking trip around the world…
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More than $30 million committed to help unlock paths to hotel ownership - IHG Hotels & Resorts has unveiled the IHG LIFT program aimed at supporting and enhancing opportunities for historically under-represented groups in the hotel ownership domain…
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