Lodging & Hotel

With industry fundamentals continuing to strengthen following a steep dip during the pandemic, some hotel investors are back in building mode.

As travelers return to international travel with renewed joie de vivre, there’s more pressure than ever on concierges to deliver.

Bloomberg compared hotel rates in seven leisure markets that epitomize summer luxury travel.

The company said it would reinstate its dividend and is planning to start repurchasing shares again.

Some potential buyers have already passed on the property. The casino has been offered to private equity firms and other operators.

The comments follow a chaotic Easter break that saw understaffed airports and airlines swamped by large volumes.

The report from American Hotel & Lodging Association and Kalibri Labs projects that hotel business travel revenue will remain 23% down from 2019 by the end of this year.

CICC Capital is working the Chinese hotel chain’s management on the possible buyout bid.

The Oak View Group plans to build an area just south of the Las Vegas Strip, serving as the centerpiece of a new entertainment hub.

The project will feature two hotels, apartments, condos and retail space. It will test investor appetites to bet on downtown Los Angeles.