Ascott Residence Trust to sell serviced residences for S$191.4m
Singapore-listed hospitality trust Ascott Residence Trust (ART) has entered into two conditional agreements to sell serviced residences, Ascott Guangzhou in China and Citadines Didot...
Eldorado Resorts announces FTC clearance for pending merger with Caesars
Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “Eldorado Resorts” or the “Company”) announced today that the Federal Trade Commission (the “FTC”) has accepted a proposed...
Hilton signs agreement with Country Garden to expand Home2 Suites brand in China
Hilton has signed a management license agreement with Funyard Hotel Investment (Asia) Limited, a subsidiary of Chinese property giant Country Garden to introduce and...
Ascott Residence Trust to join international real estate investment index
Ascott Residence Trust (ART), the hospitality trust in Asia Pacific, announced it will be included in the FTSE EPRA Nareit Global Real Estate Index...
Pebblebrook Hotel Trust to sell historic landmark hotel in Nashville for $56m
Pebblebrook Hotel Trust, a publicly traded real estate investment trust (REIT), has agreed to sell Union Station Hotel Nashville, Autograph Collection in Nashville for...
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. In a year-over-year...
International tourist numbers could fall 60-80% in 2020, UNWTO says
International tourist arrivals fell by 22 percent in the first quarter of 2020 due to COVID-19 pandemic crisis, according to the latest data from...
Marriott raises $920m in cash through amended agreements with Chase and Amex
Marriott International, Inc. has signed amendments to its existing co-brand credit card agreements with JPMorgan Chase & Co. and American Express. These amendments will...
Twin River to acquire two Eldorado casinos for $155m
Twin River Worldwide Holdings, Inc. (Twin River) has entered into an agreement with Eldorado Resorts, Inc. (Eldorado) to acquire Eldorado Shreveport Resort and Casino...
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 Holdings Inc....
