By tag

Iconic Sonoma, Calif., hotel and spa the latest addition to FEG's hospitality vertical - Foley Entertainment Group (FEG), established by businessman and Sonoma Valley vintner, Bill Foley, has acquired Sonoma’s iconic MacArthur Place Hotel & Spa from…
read more

Franchisees are fighting Choice Hotels’ attempted takeover of its biggest rival, which would create a dominant player in the budget hotel sector…
read more

Never mind that its previous $7.8 billion bid was publicly spurned in October or that three other proposals have also been rejected. Suitor Choice Hotels now wants to take a new offer directly to Wyndham shareholders…
read more

Choice Hotels is launching a hostile takeover offer for Wyndham Hotels & Resorts after repeated attempts to reach a deal with the rival hotel chain were rebuffed…
read more

Saudi Arabia's PIF sovereign wealth fund will buy a 49% stake in luxury hotel group Rocco Forte Hotels and help to support its expansion, the owner of Britain's Balmoral hotel said on Monday…
read more

During the company's third-quarter earnings call in early November, Choice Hotels International’s new CFO Scott Oaksmith said that Choice had become a “nominal shareholder” of Wyndham Hotels & Resorts as part of its efforts to acquire Wyndham’s…
read more

MANILA, Philippines — Southeast Asian countries need to legally define alternative accommodations and simplify online registration systems and licensing requirements to strengthen the regulation of the growing sector and maximize its benefits to the…
read more

The digitalization of the procedure for collecting the hotel occupancy and restaurant consumption taxes from owners of the state’s facilities—hotels and restaurants—has been announced by the Lagos State Internal Revenue Service…
read more

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…
read more

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…
read more

Traditional short-term rentals often don't work well for the digital nomad who also wants to socialize. Outsite is trying to fill that gap…
read more

Lynette Montoya, a prominent figure in the hospitality and economic development sectors, has announced her investment in Dream Exchange, the first minority stock exchange, in formation…
read more

Singaporean real estate giant CapitaLand has sold two Sydney hotels that form part of its $9 billion listed CapitaLand Ascott Trust for $109 million to local investors Frank and Wade Huang as it recycles capital into higher yielding investments…
read more

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…
read more

Real estate conversions are big business. For the large, branded hotel companies, the most recent earnings season revealed conversions now account for around a third of signings…
read more

“We’re well-advised, and we’re confident in our ability to complete this in a reasonable time frame," Choice CEO Pat Pacious told analysts on Tuesday's call.
read more

Airbnb Inc. gave a disappointing outlook for the fourth quarter, citing “greater volatility” in the economic environment that it expects will slow demand for travel after a record summer season…
read more

Europe's biggest hotel group Accor on Thursday raised its core profit target for 2023 for the second time this year, citing positive business momentum in all of its markets after another strong post-pandemic summer…
read more