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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.

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...

Xenia Hotels & Resorts to sell seven-hotel portfolio for $483m

Xenia Hotels & Resorts, Inc., a self-advised and self-administered REIT, owns 39 hotels comprising 11,245 rooms across 16 states in the U.S...

Pebblebrook Hotel Trust to sell two hotels in US for $331m

Pebblebrook Hotel Trust, a publicly traded real estate investment trust (REIT), announced it has agreed to sell two hotels, the 422-room InterContinental...

Park Hotels announces sale of Le Meridien New Orleans

Park Hotels & Resorts Inc. announced that it has closed on the sale of the 410-room Le Meridien New Orleans located in New...

Hilton opens 700 new work-from-home positions

Hilton (NYSE: HLT) has announced the creation of 700 new full-time work-from-home positions, significantly expanding its remote career program and flexible work...

AHIP REIT to acquire US hotel portfolio for $191m

American Hotel Income Properties REIT LP (AHIP) has agreed to acquire a portfolio of 12 well-maintained premium branded hotels for US$191 million...

Hyatt to build Hyatt Centric hotels in Nashville,Memphis and Austin

Hyatt Hotels Corporation plans to build Hyatt Centric hotels in downtown Memphis, Tenn., downtown Nashville, Tenn., and downtown Austin, Texas. New Hyatt...

Apple Hospitality REIT buys hotel in Minnesota

Apple Hospitality REIT, Inc. has acquired the 160-room Hampton Inn & Suites by Hilton Downtown St. Paul for $31.7 million from a...

Ashford Trust acquires a hotel in California

Ashford Hospitality Trust, Inc. has acquired Hilton Santa Cruz/Scotts Valley in Santa Cruz, California for $50 million. To...

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