Hotel
Kempinski Hotels, 12.18 Group Launch Luxury Brand
For its part in 7Pines Kempinski, 12.18. Group is investing $552 million toward 20 planned hotels and resorts.
Blackstone Strikes $2.9B Deal for Great Wolf Resorts
An affiliate will take a majority stake in the family-oriented entertainment company, which specializes in water park-themed properties.
Hilton Opens 2nd NYC Conrad Hotel
The 54-floor property in Midtown Manhattan is close to various museums and other touristic attractions.
VICI Properties Finalizes $558M JACK Cincinnati Casino Buy
The company entered a triple-net lease agreement with Hard Rock International for $42.8 million in annual rent. Two other leasing transactions are pending.
Donohoe Grows Hotel Management Portfolio by 1,106 Rooms
The company’s management portfolio is set to more than double in the next 36 months, reaching a total of 3,142 guestrooms across five states.
The Rio Sells for $516M
Caesar’s Entertainment Corp. has sold the Las Vegas hotel and will continue to operate the property for at least two years.
Skender Manufacturing Adds New VP
Merle brings more than 25 years of construction, building product and strategic business development experience to his new role.
Blackstone to Buy Greek Hotels for $197M
A unit of the global private equity firm is acquiring the 1,464-key portfolio from Europe’s Louis Group.
Is the US Hotel Market About to Hit a Wall?
A mid-year report from Cushman & Wakefield reveals that while performance remains strong, there may be clouds on the horizon.
Pebblebrook Continues DC Disposition Program
The company sold a 137-key hotel situated within walking distance of the White House and the National Mall.