Hotel
Massachusetts Ballot Initiative Opens Door to $800M MGM Resort in Springfield
Two days after voters gave a thumbs down to a ballot measure repealing the 2011 law that allows gaming resorts in the state, the Massachusetts Gaming Commission approved a license to MGM Resorts International to operate MGM Springfield, an $800 million resort casino.
Core Capital, Downtown Properties JV Buys 150-Key Hyatt Place San Diego
A joint venture affiliated with Core Capital Investments and Downtown Properties has acquired the 150-key Hyatt Place San Diego from an entity controlled by ABA Development.
INTERNATIONAL: Trump to Build Trump International Hotel & Tower in Baku, Azerbaijan
Trump Hotel Collection is set to develop Trump International Hotel & Tower in Azerbaijan. The 33-story luxury resort will be located on Hasan Aliyev St. in the Nasimi District of Baku.
Loews Hotels Buys Loews Ventana Canyon Resort in Tucson
Loews Hotels & Resorts has acquired Loews Ventana Canyon Resort, a 398-room lodging destination that has operated under Loews Hotels’ management since the doors first swung open at 7000 N. Resort Dr. in 1984.
INTERNATIONAL: Historic Hotel Moskva Reopens as Four Seasons Hotel Moscow
One of the most iconic hospitality spots in the entire Russian Federation, Hotel Moskva has reopened as the Four Seasons Hotel Moscow.
INTERNATIONAL: Hyatt, PRISA JV Breaks Ground on Hyatt Place San Juan
A joint venture between Hyatt, PRISA Group and McConnell Valdes Consulting has broken ground on the 149-room Hyatt Place San Juan hotel in Puerto Rico.
Starwood Closes Acquisition of 7 Malls from Taubman for $1.4B
Affiliates of Starwood Capital Group have acquired seven regional shopping malls totaling more than 7 million square feet of retail from Taubman Centers.
Hilton Worldwide Launches New Brand: Canopy by Hilton
Hilton Worldwide has launched its second new hotel brand in four months – Canopy by Hilton, a lifestyle brand aimed at leisure and business travelers seeking a local boutique experience in U.S. and international cities.
Boylston Gets $57M in Financing for 157-Key Boston Hotel
Residence Inn Boston/Back Bay Fenway has been attracting the attention of Boston visitors since its opening last year, and now the 175-key extended-stay property has caught the eye of the lending community.
INTERNATIONAL: Marriott to Open 30 Hotels Across Africa by 2020
The world’s largest hotel company, Marriott International, is opening 30 new properties across the African continent by 2020, nine of them slated to open by the end of 2015.