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ICYMI: How Hilton Built LXR Hotels & Resorts Throughout Pandemic

More Top-Read Stories: Lenders Could Be Less Flexible With Borrowers
Crockfords Las Vegas, LXR Hotels & Resorts, opened as part of Resorts World and is LXR's first new-build hotel in the U.S. (Getty Images)
Crockfords Las Vegas, LXR Hotels & Resorts, opened as part of Resorts World and is LXR's first new-build hotel in the U.S. (Getty Images)
By the HNN editorial staff
July 9, 2021 | 2:17 P.M.

For the week of July 5-9, Hotel News Now’s most-read stories include Hilton's development milestones for LXR Hotels & Resorts, expectations for lender activity, and more.

Click on each headline below to read more.

Hilton's luxury collection LXR Hotels & Resorts has grown across the globe since its launch in 2019 and has found ways to unlock value at its properties during slower periods of business.

Rio Partners took out a $12 million, non-recourse loan in April to pay off a mature fixed-rate CMBS loan on the 122-room Hilton Garden Inn Albany in Albany, Georgia. (PMZ Realty Capital)

Lenders are watching the start of the recovery of the U.S. hotel industry and say they will soon start taking a more aggressive approach to the borrowers they helped over the past year.

U.S. hoteliers are planning for how they will serve food and drinks when conferences and other large events come back.