In a quick pivot, SL Green Realty is now looking at transforming its trophy Times Square office tower into a roughly 1,000-room hotel and entertainment venue after its bid to open a casino there was rejected.
This year's hotel performance through October highlights a widening divide between luxury-heavy outer islands, which are regaining traction, and Oahu’s convention- and lower-rated international-dependent hotel base, which continues to sag.
With an increasing need to grow units and a more challenging construction and development environment for hotels, the phenomenon of hotel brands leaning on strategic partnerships to grow their platforms has only become more prominent in the post-pandemic era.
European leisure clubs operator David Lloyd Clubs has completed another sale-and-leaseback of one of its health and wellness leisure centres as it continues a significant expansion drive.
An upscale Dallas hotel built by legendary developer Trammell Crow is expected to get a $100 million renovation to its atrium, meeting spaces and common areas as well as its 1,617 rooms over the next few years.
The first retail tenants at Miami Freedom Park, a soccer stadium and entertainment complex under construction, will include a Tiger Woods-backed golf concept, an adventure park and an interactive experience platform.
Hawaii’s hotel performance over the past two years reflects a clear shift in demand dynamics, with strengthening transient leisure travel coinciding with a prolonged downturn in group demand.
Developers MV Real Estate Holdings, Driftwood Capital and Merrimac Ventures have broken ground on Riverside Wharf, a $350 million hotel and entertainment complex planned for the Miami River District.
In the two weeks ending Nov. 29, U.S. hotel revenue per available room decreased 0.3% as occupancy fell 0.7 percentage points and average daily rate rose 0.9%.