Lodging & Hotel

With vaccinations beginning, existing owners of struggling hotel properties are making a renewed effort to wait out the pandemic rather than sell for deep discounts.

More than 962 million hotel room nights have gone unsold through last week, up 46 percent from last year.

From Brooklyn to Minneapolis, turning are turning empty hotel suites into private dining rooms for small groups.

With distribution of working vaccines on the horizon, a recovery for the sector should take shape throughout 2021.

“We would definitely be interested,” MGM’s CEO James Stewart told investors on Monday.

Hotel owners and investors face a business landscape that has drastically changed this year.

More than 2,000 hotels in the company’s system will begin allowing guest to check in for the length of a workday.

The concepts offer a mix of work and overnight stays and have had some success in recent years.

The Park 79, a seven-story building, will be remade into housing for senior citizens with limited incomes.

If in-person schooling proves safe, winter vacations won’t carry as great a perceived risk, says Hilton Worldwide’s Dino Michael.