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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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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Plans to build homes, hotel towers in Bal Harbour meet with fierce resistance
The owners of Bal Harbour Shops, a luxury shopping centerpiece for 60 years in the middle of a $550 million expansion, plan to build bigger. Armed with Florida's Live Local Act, developers revealed blueprints for towers more than 270 feet tall…
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Mastering the art of hotel investment: Crafting an exit strategy
Planning an exit strategy is an essential component of hotel investment that enables investors to align their objectives and goals with a well-defined roadmap for exiting their investment…
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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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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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Developer-led company 216 blocks - A newly opened Portland tower block anchored by the Ritz-Carlton Hotel has defaulted on a $127 million loan on a California hotel project…
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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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There is a lot capital on the sidelines waiting to be deployed, but European investors said that's likely where it will stay, at least for the foreseeable future…
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COVID-19 caused a major paradigm shift in where workers operate with many companies offering hybrid and remote work. This caused a shake-up in commercial real estate, rendering office spaces obsolete…
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With $2.3 Billion in Maturities Looming, Service Properties Focuses on Addressing Debt
Service Properties Trust President and Chief Investment Officer Todd Hargreaves said his company is open to buying hotels, but its immediate priority is dealing with a wave of debt that is maturing over the next two years…
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CapitaLand Ascott Trust divests two hotels in Australia for AUD109.0 million - CBRE Hotels
Transaction is part of CLAS’ active portfolio reconstitution strategy to deliver sustainable returns to Stapled Securityholders.The Courtyard by Marriott Sydney-North Ryde and Novotel Sydney Paramatta sold by Michael Simpson and Vasso Zographou of…
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Mogul Capital has pulled back on its plan to build a 396-room hotel in Santa Clara…
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Iron Horse Hotel's employees 'all stuck it out' during dispute that led to bankruptcy
The owner of Milwaukee's Iron Horse Hotel has settled a dispute that led the company to reorganize its finances under Chapter 11 bankruptcy protection…
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