The massive transformation of one of Montreal’s most storied former industrial sites is two weeks from completing heavy demolition. Daniel Arbour, vice president of major projects at project partner Mach Group, describes the landscape of the former Molson Brewery as a “war zone” of industrial remnants.
Zagreb-based investment firm Prosperus Growth Sedam has received approval from the Zagreb Stock Exchange to acquire the remaining 1.1 million shares in Croatian hotel operator Medora Hoteli i Ljetovalista, or Medora Hotels & Resorts.
Winter Storm Fern wreaked havoc on U.S. hotel performance in the week of Jan. 25-31 as revenue per available room fell 4% on declining occupancy (-2.4 percentage points) and unresponsive average daily rate (+0.2%).
Property firm Ediston has unveiled plans to redevelop Glasgow's Egyptian Halls into a 70-bedroom apartment hotel with a food market after being appointed by the council as the preferred bidder.
The Super Bowl has historically brought immense hotel demand to each host market, providing hotel owners the opportunity to push average daily rates well above standard pricing.
With around 3,500 athletes and countless fans descending on Milan and its surrounding towns for the Olympic Winter Games Milano Cortina 2026 this month, hotels in the Italian region are poised to succeed during the two-week event.
A 1970s-era hotel in Victoria sold for $41 million in the latest example of strong investor demand for hospitality properties in British Columbia, where there's a shortage of hotel rooms.
Global alternative asset manager Brookfield Asset Management named company executive Connor Teskey as its CEO as the investment giant reported record fourth-quarter earnings and said it sees rising deal activity this year.
A Blackstone real estate investment trust and investment firm Stonepeak Partners have secured a $3.05 billion refinancing of loans backing The Cosmopolitan Las Vegas through a commercial mortgage-backed securities transaction.
