Hotel asset management is evolving at a fast pace, and it requires a new commercial approach, not to mention a different skill set…
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Wyndham Rejects Choice Hotels’ Takeover Bid That Could Shake Up Budget-Hotel Industry
Wyndham Hotels & Resorts said its board unanimously rejected an unsolicited proposal from Choice Hotels International to acquire the hotel chain for $90 a share in cash and stock…
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Midland Hotel owner loses almost £60m despite sales nearly doubling
The renowned hotel was recently in the spotlight when it hosted senior Conservative politicians during the party's recent annual conference which was staged at nearby Manchester Central…
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Namibia's Capital to Spotlight African Hotel Investments in 2024
Namibia's capital, Windhoek, is gearing up to host the renowned Africa Hotel Investment Forum (AHIF) from 25 - 27 June 2024…
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Maison Pariente’s Le Grand Mazarin is Paris’ hottest new opening of the summer, located on a side street in the heart of the bustling, LGBT-friendly Marais district The dollhouse-like hotel has artwork curated by Amélie du Chalard, fabrics from…
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International Hotel Investments (MTSE:IHI) Is Finding It Tricky To Allocate Its Capital
When it comes to investing, there are some useful financial metrics that can warn us when a business is potentially in trouble…
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Esplanade sold to growing Asian-based hotels company
Paignton's Esplanade Hotel - home to asylum seekers for the past year - has been sold. The 84-bedroom seafront is the latest addition to the growing portfolio of Asian-based Compass Hospitality's UK portfolio…
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Many opportunistic investors focused on hotels and higher-yielding residential opportunities such as long-stay hotels, serviced apartments and student housing, Couse said. "People are diversifying their portfolio."…
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Icelandic Investors Eyeing Luxury, Health and Wellness Tourism
The performance of the island’s vibrant tourism sector continues to attract the attention of global investors as a team from Iceland will be visiting Jamaica in January 2024…
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Intercontinental Wealth Advisors LLC, a renowned institutional investor, revealed in its recent disclosure to the Securities & Exchange Commission (SEC) that it has acquired a new position in Choice Hotels International, Inc. (NYSE:CHH)…
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US$1 million investment earmarked for new Israeli glamping complex
Israeli organisations, the Tamar Regional Council and the Dead Sea Economic Company, plan to transform a once-popular solarium spa in Ein Bokek into a glamping site…
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Värde Partners Lends $58M on Houston Hotel Acquisition
Stockdale Capital Partners has sealed $58 million of acquisition financing to purchase a Houston hotel adjacent to Texas Medical Center (TMC), Commercial Observer has learned…
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Warner Leisure Hotels to grow to 18 properties with £100m investment
Warner Leisure Hotels has acquired two hotels, including its first ever Scottish property, amid an expansion push for the 16-strong hotel group…
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MGM casino-resort project in Japan closes certification with signed agreement
MGM Resorts says its plan for a new casino-resort in Japan took another step forward after signing an implementation agreement for the development this week…
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Sharjah’s Shurooq plans four new hotels in expansion push
The government-owned entity aims to tap more international tourists amid higher travel demand, its chief executive says…
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Conroe leaders say $107M Hyatt hotel won't see a profit for years, calling project a 'money pit'
Financial questions around Conroe's new $107 million Hyatt Regency Hotel and Conference Center continue to linger with council members calling the facility a “money pit” and revenue projections for 2024 unrealistic.The hotel and convention center…
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Caesars And MGM: Cybersecurity Issues Derail Shares Of Casino Names
It would be a nightmare for any large publicly traded American company but imagine the effects of a cyber attack on the security of major casino/resorts based in Las Vegas…
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New York hotel group MCR buys Canopy by Hilton SouthPark for $42.5M
The SouthPark hotel acquisition marks MCR's seventh property in North Carolina and fifth in the Charlotte market.
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