HOTEL NEWS
New York casino bids advance for Resorts World in Queens, MGM Empire City in YonkersTwo projects seeking a state gaming license won unanimous committee approvals.
CoStar World News for Sept. 25Tokyo firm to buy Ace Hotel parent; Amazon Fresh to close all UK stores; Champs-Élysées in Paris posts retail recovery
Olympia Hospitality takes tailored approach to management in uncertain environmentIn a recent video interview, Olympia Hospitality President Sara Masterson described how conversions of group business is lower than it was before even though the number of inquiries has stayed consistent.
Japan's Seibu Prince Hotels to buy Ace Group International for $90 millionJapan's Seibu Prince Hotels Worldwide is buying Ace Group International and its Ace Hotel brand and creative firm Atelier Ace for $90 million.
Mitigating risks helps cut insurance costs for hoteliersWhile signs point to insurance underwriters being past the waves of large rate increases, hoteliers should still prepare for major events to avoid risk, experts say.
Hoteliers navigate a challenging summer, changing landscapeA weak summer lead into a difficult budget season for hoteliers, and CoStar News Hotels podcasts dove into those topics and many others in recent months.
Revenue managers at odds with hotel owners over recovery pictureHotel revenue strategists want to move past comparisons to 2019 performance levels, citing the changes over the past six years.
Texas hospitality company grows hotel portfolio while applying lessons to restaurant strategyIn a video interview, Jennifer Spradling of New Waterloo said the growing company prioritizes community-focused "impact hospitality."
Hotel asset managers anticipate more 'deterioration' of demand, ratesA new survey of Hospitality Asset Managers Association members show a majority are looking to make a brand or management change to spur performance.
US Open serves end-of-summer win for New York hoteliersNew York City hoteliers end the summer on a win with increased demand from the U.S. Open.
PM Hotel Group exec talks Sightline Hospitality merger, inbound international travel to USPM Hotel Group's Lovell Casiero says her company's integration of Sightline Hospitality has made it a premier player in the lifestyle luxury space.
Trinity Investments, Certares sell EAST Miami lifestyle hotel to Blackstone Real EstateJoint venture partners Trinity Investments and Certares Real Estate Management sold the EAST Miami hotel, which they purchased for $174 million in October 2021.
Featured
5 things to know
5 things to know
Headlines for Sept. 25
Multifamily
Green energy loan for Pendry Hotel & Residences Tampa includes first in Florida to fund flood panels
Multifamily
Sale
Circa 200-key scheme bought by Gibraltar-based fund Yellow Tree
Sale
Hospitality
Private equity firm cashes out $148 million on island property debt
Hospitality
Operations
Warm meals and sweet treats are on the menu
Operations
5 things to know
5 things to know
Opinions
From the opening credits to the final scene, a guest's journey is similar to a moviegoing experience
Opinions
Development
KPC Development tops out on Kali Hotel near SoFi Stadium in Inglewood
Development
Operations
Cinnamon, maple and citrus among the flavors this fall
Operations
Design & Construction
7 stays with overflowing bookshelves, reading-ready nooks
Design & Construction
Development
Project comes as some anticipate full recovery for economy tied to visitors
Development
Opinions
Incorporating wellness and sustainability into hotel design
Opinions
Breaking News
Breaking News
Retail
New York panel votes down $11 billion-plus proposal south of UN headquarters
Retail
Ownership
AAHOA CEO calls cut 'lifeline' for owners
Ownership
Development
Slew of openings, sales, renovations occur across the Washington area in past several weeks
Development
Operations
Texas city leans into shorter but heavier period of disruption
Operations
Podcast
Operations
Davidson Hospitality execs discuss the guest experience, career growth benefits
Operations
Brands
Hotel has a history of welcoming the visually impaired with special amenities
Brands
Brands
Here’s a Live Overview of What’s Happening in the Market Today
Brands
International News
France
Buyers are Bain Capital, Columbia Threadneedle and QuinSpark Investment Partners
France
Saudi Arabia
Most complex developments are being reevaluated or extended as Saudi officials try to diversify country's economy
Saudi Arabia
France
Head of LVMH pays €200 million for hotel near Monaco
France
Italy
Upcoming Venice hotel will be Langham's second in Europe
Italy
Macao
New acquisition to be converted back to casino use and connect two of SJM's Lisboa hotels
Macao
United Kingdom
Known for airport hotels, Arora diversifying into country retreats, golf and partnership with B&B Hotels brand
United Kingdom
South Korea
Former owner Samjeong collapsed following Busan hotel fire, deaths
South Korea
India
The three hotel firms operate 154 hotels, nearly all in India
India
Podcast
United Kingdom
STR's William Anns talks about impact of Oasis tour, other major events in Europe on latest EMEA podcast
United Kingdom
Australia
Thai owner KS Hotels has history with Park Hyatt in Cambodia and Thailand
Australia
Egypt
Climate change might be highest hurdle in North Africa
Egypt
Spain
Developer Millenium Hotels Real Estate opened the hotel earlier this year
Spain
Overall spending at U.S. theme parks this summer has created a mixed bag for hoteliers as regional amusement parks saw weakness in lower- and middle-income guests while wealthier guests boosted bigger destination parks.
Where sustainability is still moving forward in the global hotel industry
In a podcast interview, hospitality adviser and lecturer Katharine Le Quesne said the hotel industry is focused on the the intersection of environmental sustainability initiatives and profitability.
Crestline Hotels & Resorts' path from a 'grandchild of Marriott' to an established third-party operator
In this podcast interview, Crestline Hotels & Resorts President and CEO James Carroll talks about his company's 25th anniversary and how it has evolved over the years while still holding on to core strategies.
All the room’s a stage: A boutique hotel in Manhattan turns one unit into a theater
Guests at Greenwich Village's Walker Hotel can both stay in and watch a play in room 204.
Canadian travelers push their home and native land to record summer highs
The rise of the "buy Canadian" movement in response to the U.S.'s trade policies has translated to "stay Canadian," according to hoteliers in the country and CoStar data.
Landingplace Hotels exec provides update on new brands
Landingplace Hotels' Glenn Miller spoke with CoStar News Hotels about the company's layout and the interest from owners across several markets in the U.S.
Featured
5 things to know
5 things to know
Headlines for Sept. 25
Multifamily
Green energy loan for Pendry Hotel & Residences Tampa includes first in Florida to fund flood panels
Multifamily
Sale
Circa 200-key scheme bought by Gibraltar-based fund Yellow Tree
Sale
Hospitality
Private equity firm cashes out $148 million on island property debt
Hospitality
Operations
Warm meals and sweet treats are on the menu
Operations
5 things to know
5 things to know
Opinions
From the opening credits to the final scene, a guest's journey is similar to a moviegoing experience
Opinions
Development
KPC Development tops out on Kali Hotel near SoFi Stadium in Inglewood
Development
Operations
Cinnamon, maple and citrus among the flavors this fall
Operations
Design & Construction
7 stays with overflowing bookshelves, reading-ready nooks
Design & Construction
Development
Project comes as some anticipate full recovery for economy tied to visitors
Development
Opinions
Incorporating wellness and sustainability into hotel design
Opinions
Breaking News
Breaking News
Retail
New York panel votes down $11 billion-plus proposal south of UN headquarters
Retail
Ownership
AAHOA CEO calls cut 'lifeline' for owners
Ownership
Development
Slew of openings, sales, renovations occur across the Washington area in past several weeks
Development
Operations
Texas city leans into shorter but heavier period of disruption
Operations
Podcast
Operations
Davidson Hospitality execs discuss the guest experience, career growth benefits
Operations
Brands
Hotel has a history of welcoming the visually impaired with special amenities
Brands
Brands
Here’s a Live Overview of What’s Happening in the Market Today
Brands
International News
France
Buyers are Bain Capital, Columbia Threadneedle and QuinSpark Investment Partners
France
Saudi Arabia
Most complex developments are being reevaluated or extended as Saudi officials try to diversify country's economy
Saudi Arabia
France
Head of LVMH pays €200 million for hotel near Monaco
France
Italy
Upcoming Venice hotel will be Langham's second in Europe
Italy
Macao
New acquisition to be converted back to casino use and connect two of SJM's Lisboa hotels
Macao
United Kingdom
Known for airport hotels, Arora diversifying into country retreats, golf and partnership with B&B Hotels brand
United Kingdom
South Korea
Former owner Samjeong collapsed following Busan hotel fire, deaths
South Korea
India
The three hotel firms operate 154 hotels, nearly all in India
India
Podcast
United Kingdom
STR's William Anns talks about impact of Oasis tour, other major events in Europe on latest EMEA podcast
United Kingdom
Australia
Thai owner KS Hotels has history with Park Hyatt in Cambodia and Thailand
Australia
Egypt
Climate change might be highest hurdle in North Africa
Egypt
Spain
Developer Millenium Hotels Real Estate opened the hotel earlier this year
Spain
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