Knight Frank hosted its annual hotels roundtable at its Baker Street offices, with a panel of experts discussing the key themes affecting the sector. CoStar News moderated a lively debate on topics including what the Chancellor should introduce in the upcoming Budget, and what the challenges are for operators and investors.
There has been a lot of concern over the value proposition and overall demand in the Las Vegas market this past summer, but MGM Resorts International executives said they have been able to navigate the present challenges to keep guests happy and coming back.
PHOENIX — IHG Hotels & Resorts' newest hotel brand, Ruby Hotels, is in the early stages of its expansion into the U.S., but an IHG executive says Ruby will fill a whitespace in the company's portfolio in top 25 markets.
Nhood, a real estate services operator owned by the Mulliez Family Association (AFM), has become the sole shareholder in Tomorrow Food. This is a food & beverage (F&B) consultancy, supporting players in the real estate, hotel, restaurant and leisure sectors in operating this type of project and optimizing their assets.
"We should approach the end of our disposal strategy in 2025 and return to a more normalized approach to asset rotation," said Essendi chairman and chief executive Gilles Clavié in the spring, in an interview with Business Immo.
One of Dallas' tallest skyscrapers could soon become a mixed-use hub with a hotel, apartments, retail and restaurant space proposed at the aging Comerica Bank Tower in the city's central business district.
The Federal Reserve cut interest rates Thursday, as many expected, but Fed Chairman Jerome Powell warned that a December cut “is not a foregone conclusion.”
A major conference in any industry is a helpful barometer, and the recent Hotel Investment Conference Asia Pacific in Singapore provided some key insights for the hospitality business in Asia.
In late 2024, The Don CeSar — the historic Gulf Coast resort located in St. Pete Beach, Florida — was devastated by Hurricanes Helene and Milton, arriving just twelve days apart, that inflicted extensive damage to the property’s infrastructure, inventory and guest-facing amenities.
Super-regional shopping centre Merry Hill has secured a flurry of leasing deal and recommitments spanning nearly 20,000 square foot at the Dudley mall.
Austin’s central business district submarket experienced mixed hotel performance during the first half of October, with both demand and average daily rate shaped by the Austin City Limits Music Festival and broader shifts in downtown activity.
