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....
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.
The Clayton...
Singapore’s GuocoLand to sell hotel in Shanghai
Singapore-based real estate company GuocoLand Limited (GuocoLand), listed on the Singapore Exchange Securities Trading Limited, announced that its wholly-owned subsidiary, Shanghai Xinhaolong Property Development...
PPHE Hotel Group secures £180m for London hotel development
PPHE Hotel Group has entered into a syndicated facility agreement arranged by Bank Hapoalim B.M. for a facility of up to £180 million to fund...
Service Properties Trust announces efforts to mitigate COVID-19 impact
Service Properties Trust (Nasdaq: SVC) announced that due to the uncertainty from the rapidly evolving COVID-19 (coronavirus) pandemic on the U.S. economy generally and...
Hilton corporate response to COVID-19
The novel coronavirus (COVID-19) has created unprecedented challenges for our industry, our hotels and our Team Members. Hilton Worldwide Holdings Inc. (NYSE: HLT) is...
Pebblebrook Hotel Trust announces action plan to mitigate COVID-19 impact
Pebblebrook Hotel Trust (NYSE: PEB) announced that in addition to the significant efforts underway to protect the health and safety of its guests and...
Apple Hospitality REIT takes steps to mitigate impact of COVID-19
Apple Hospitality REIT, Inc. (NYSE: APLE) announced that it has taken steps to mitigate the impact of the novel coronavirus (COVID-19) outbreak on its...
AccorInvest closes €1.06bn acquisition of Polish hotel group Orbis
AccorInvest has announced the closing of the acquisition of the Polish hotel group Orbis on 11 March. At the end of 2019, AccorInvest had...
Park Hotels & Resorts takes action to mitigate COVID-19 impact
Park Hotels & Resorts Inc. announced it is has taken various actions, independently and in coordination with its hotel management companies, to mitigate the...
