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Global hotel commercial real estate news, insights, trends including resorts, lodging, casino hotels, acquisitions, disposals and openings.

Radisson opens two hotels in New York City

Radisson opens two hotels in New York City

Radisson has announced the opening of two hotels in Manhattan, New York City, Radisson Hotel New York Midtown-Fifth Avenue located at 25 West...
Due to expanded restrictions around the COVID-19 pandemic, the U.S. hotel industry reported unprecedented lows during April 2020, according to data from STR.

U.S. hotel industry reported unprecedented lows during April 2020, says STR

Due to expanded restrictions around the COVID-19 pandemic, the U.S. hotel industry reported unprecedented lows during April 2020, according to data from STR.
Dalata sells hotel in Dublin for €65m

Dalata sells hotel in Dublin for €65m

Dalata Hotel Group plc (Dalata) has agreed the sale and leaseback of its Clayton Hotel Charlemont in Dublin, Ireland, to Deka Immobilien (Deka) for €65 million....
Luxury hotels

IHG buys luxury hotel portfolio for $300 million

Inter Continental Hotels Group has acquired Six Senses Hotels Resorts Spas for $300 million from Pegasus Capital Advisors.It includes all of Six...
Melco Resorts acquires 19.99% stake in Crown Resorts for $1.22bn

Melco acquires 19.99% stake in Crown Resorts for $1.22bn

Australian billionaire businessman James Packer has sold almost half his stake in Crown Resorts for 1.76 billion Australian dollars ($1.22 billion) to Melco...
Blackstone, MGM Growth form JV to acquire Las Vegas real estate assets for $4.6bn

Blackstone, MGM Growth form JV to acquire Las Vegas real estate assets for $4.6bn

MGM Growth Properties LLC (MGP) and Blackstone Real Estate Income Trust, Inc. (BREIT) have entered into a definitive agreement to form a new joint...
Hyatt to open new Hyatt Regency in Adelaide

Hyatt to open new Hyatt Regency in Adelaide

Hyatt Hotels Corporation announced that a Hyatt affiliate has entered into a management agreement with CES Pirie Hotel (SA) Pty Ltd., an...
Hero forms £500m JV with Catalyst Capital to develop hotels in UK

India’s Hero forms £500m JV with Catalyst Capital to invest in UK

India's Hero Enterprise has formed a £500 million joint venture with Catalyst Capital, the European real estate investment and asset management firm,...
Virginia commercial real estate

CIM Group acquires hotel in Alexandria, Virginia

CIM Group has acquired the 254-room Crowne Plaza Hotel in Alexandria, Virginia with Carr Companies.The 12-story hotel is located at 901...
Caesars, VICI to sell Bally's Atlantic City for $25m

Caesars, VICI to sell Bally’s Atlantic City for $25m

Caesars Entertainment and VICI Properties have reached an agreement to sell the Bally’s Atlantic City Hotel & Casino to Twin River Worldwide...

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