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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Denmark’s record visitor levels backed by US$1.6 billion high end hotel investment
Denmark’s tourism industry has bounced back to record levels, post-pandemic, which has helped to attract nearly US$1.6 billion in upper segment hotel financing, according to the latest THP information…
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Netflix Billionaire Buys North America’s Largest Ski Resort
The latest news in the ski world is the marriage of a 21st-century tech billionaire and a troubled ski mountain…
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Investment fund buys well-known four-star Malaga city centre hotel
As well as the 102 room Molina Lario, Meridia V has also acquired the Gallery hotel in Barcelona from the Gómez Casals family.
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NEW DATA SHOWS INVESTMENT RETURNING TO GLOBAL TOURISM SECTOR
Investment in the global tourism cluster has started to bounce back from the lows it touched during the pandemic off the back of the steady recovery of international tourist arrivals, according to a newly released report jointly produced by UNWTO…
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Vivium Holding acquires boutique hotel in Greece
UAE family office Vivium Holding, headquartered in Dubai, is venturing into hospitality by acquiring a boutique hotel nestled on the beautiful island of Paros, Greece.
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Lankaisla lifts leisure industry with global participation
Singapore-based, Lankaisla, sees immense potential in Sri Lanka’s tourism sector, and is set to expand its presence to Sigiriya and Colombo shortly, in what is billed to be a major acquisition…
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London’s 7-star gold rush: Doors open on hotel boom worth billions
Starting gun fired this week when the £1.1 billion Peninsula London near Hyde Park Corner is officially launched…
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Crawford Hoying is excited to announce the acquisition of Homewood Suites by Hilton Columbus OSU in partnership with award-winning, international hotel owner, operator and developer, Shaner Hotel Group…
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OPINION - London Capital is still a magnet for the world’s ultra-elite
It’s a tale of two cities — whatever hardships Londoners might be enduring, their home remains a magnet for the world’s ultra-elite…
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Qatar’s hotel development retains World Cup momentum
With the fanfare of the 2022 FIFA men’s football World Cup now out of the way, where does this leave Qatari high end hotel development?
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Bally’s Corp Eyes Trump Golf Links for Casino Hotel Amidst Fierce Competition
Bally’s Corp., renowned regional casino operator based in Rhode Island, is said to be purchasing Trump Golf Links at Ferry Point, The Bronx, from the Trump Organization – the empire commanded by the family of ex-President Donald Trump…
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Deerfield hotels sold at painful prices for sellers
Sales of two Deerfield hotels this month dealt painful financial blows to the sellers, highlighting suburban hotels' diminished values amid higher interest rates and business travel's slow recovery.
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Hotel, spa and retail building planned on massive Hickory Creek estate
Investors who last year purchased a Denton County estate that’s one of North Texas’ most elaborate residences are planning to start construction on a hotel and retail building on the property…
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Eyal Ofer wants to flip Mondrian Park Ave hotel for more than $150M
Global Holdings Group took hotel over from Moin Development in July - Eyal Ofer is looking for a quick flip at the swanky Mondrian Park Avenue hotel in Nomad and to bag more than $150 million.
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Mukesh Ambani’s company Reliance Industries has joined hands with the luxury hotel chain Oberoi Hotels, with their new project set to compete with Taj Hotels.Billionaire Mukesh Ambani, in an effort to advance his company’s portfolio, has signed a…
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