Billionaire property developer Sam Arnaout buys two hotels in Sydney
Sam Arnaout bought the Cabramatta Hotel in west Sydney and the El Cortez Hotel in Canley Heights in a deal worth close to $200 million.
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Growing synergies between hotels and casinos
Major hotel brands are establishing loyalty and distribution partnerships with casino operators. Jon Lucas, chief operating officer, Hard Rock International, explained: “Database in our world is king. It's so critical to our success and these…
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The Owner of This Luxe Palm Beach Hotel Wants to Sell—for $1 Million a Room
Hotels in the Palm Beach area are apparently a hot commodity. The Ben hotel, in West Palm Beach, Florida, may soon be sold for an impressive $1 million per room, Bloomberg reported recently.
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