Best Western Hotels & Resorts announced that its GLō brand continues to light the way in providing leading boutique offerings to the state of Oklahoma with the addition of the new-construction GLō Enid OK Downtown/Convention Center Hotel.
Wyndham Hotels & Resorts announced the opening of La Quinta by Wyndham Selma, the milestone 120 hotel in the La Quinta portfolio featuring the sought-after Del Sol prototype.
The global management company is rebound ready in the Full Service, Lifestyle, and Luxury & Resort Verticals with multiple newly renovated properties.
Cambria Hotels, an upscale brand franchised by Choice Hotels International, continues its domestic expansion with the opening of the Cambria Hotel Orlando Airport.
Master plan includes remodeled room towers, new restaurants and amenities, and a focus on revitalizing the Company flagship casino-hotel, Caesars Atlantic City, on the world-famous Atlantic City Boardwalk First phase of USD170 million in guestroom and suite upgrades at Harrahs Resort Atlantic City and Caesars Atlantic City will debut Summer 2021
The annual Economic Impact Report (EIR) from the World Travel & Tourism Council (WTTC) revealed the U.S. Travel & Tourism sector suffered a significant loss of USD766 billion in 2020.
The Kessler Collection is making history as the first U.S. luxury hotel group to accept cryptocurrency as a form of payment, and the first in the world to partner with BitPay, the worlds largest provider of Bitcoin and cryptocurrency payment services.
Gloria Guevara, President & CEO, WTTC states: “This incredible stimulus package will be welcomed by Travel & Tourism businesses across the U.S., many of whom are struggling to survive. This package promises a much-needed boost while the COVID-19 pandemic continues to ravage the sector.”
VICI Properties Inc. (NYSE: VICI) announced it has entered into definitive agreements to acquire from Las Vegas Sands Corp. (NYSE: LVS) (“LVS”) all of the land and real estate assets associated with the Venetian Resort Las Vegas and the Sands Expo and Convention Center, located in Las Vegas, Nevada, for 4.0 billion in cash, representing a 6.25% cap rate.
Extended Stay America, Inc. (“ESA”) and ESH Hospitality, Inc. (NASDAQ:STAY) today announced consolidated results for the three months and full year ended December 31, 2020.
Cambria Hotels, an upscale brand franchised by Choice Hotels International, continues its rapid expansion across the country with the opening of the Cambria Hotel Rock Hill – University Center. The six-story, 110-room hotel is the brands sixth to enter South Carolina, joining properties in Charleston, Fort Mill, Greenville, Mount Pleasant and Summerville. The Cambria Hotel Rock Hill – University Center is among four hotels opening in the first quarter of 2021 for the brand, in addition to hotels in Orlando, Florida; Fort Lauderdale Beach, Florida, which opened this January; and Washington, D.C., which opened last week.
Hersha Hospitality Trust, owner of high-quality hotels in urban gateway markets and regional resort destinations, announced results for the full year and fourth quarter ended December 31, 2020.
The franchise companies with the largest construction pipelines at the end of the third quarter of 2020 are Marriott International with 1,390 projects/184,450 rooms, followed by Hilton Worldwide with 1,351 projects/155,626 rooms, and InterContinental Hotels Group (IHG) with 873 projects/89,375 rooms.
McKibbon Hospitality has announced the addition of five hotels to its management portfolio.Owned by Hospitality Investors Trust (HIT), the five Hilton properties include Hampton Inn Boca Raton, Hampton Inn & Suites Boynton Beach, Hampton Inn Boca Raton-Deerfield Beach, Hampton Inn Palm Beach Gardens, and Hampton Inn West Palm Beach-Florida Turnpike.
Service Properties Trust (SVC) has announced that it has terminated the management agreements for 122 hotels with Marriott International (MAR).
The COVID-19 pandemic continued to severely impair Manhattan hotels in the second quarter, as travel restrictions and business closures remained the new normal.
Preferred Hotels & Resorts has announced 13 new member hotels from May 1 through August 31, 2020. These recent additions mark 39 new member hotels to join the its global portfolio in the first 8 months of the year
A devastating $155 billion looks set to be lost from the U.S. economy due to the collapse of international travel during 2020
Sonesta International Hotels Corporation is rocketing towards the largest expansion in the history with the addition of 103 properties to its global portfolio of hotels and destinations.
IAC has announced its accumulation of a 12% interest in global hospitality and entertainment company MGM Resorts International for an aggregate of approximately $1 billion.
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