Pair of Hotel Funding Deals Close
NATIONAL REPORT—Hotel companies continue to seek loans for developments and portfolios during the coronavirus pandemic. Recent deals involve Knighthead Funding…
Ownership
Red Roof Launches Student Support Program
COLUMBUS, OH—To help university and continuing education students who were suddenly displaced as a result of campuses closing due to…
Langham Hospitality Implements Measures Against COVID-19
HONG KONG—To ease the concerns for its guests and more than 8,000 employees, Langham Hospitality Group has implemented rigorous measures…
MGM Appoints Hornbuckle Acting CEO, Salem Chairman
LAS VEGAS—MGM Resorts International named COO/President Bill Hornbuckle acting CEO/president, replacing outgoing Chairman/CEO Jim Murren. Replacing Murren as the chair…
Domio Offers Free Stays for Medical Professionals and First Responders
NEW YORK—Domio, the apartment-hotel hospitality company, is offering free housing over the next two weeks in Miami, Chicago and Nashville…
Florida Keys Hotels to Temporarily Close
KEY WEST, FL–Citing concerns for increasing threats from COVID-19, Monroe County officials said that hotels in the Florida Keys will…
Two Hotels Change Hands, Two Receive Financing
NATIONAL REPORT—Transactions are taking place on the East Coast, in the South and out West. Here’s a look at the…
Best Western Offers Relief to its Hoteliers
PHOENIX—In the face of the biggest economic crisis the hotel industry has ever faced, Best Western Hotels & Resorts (BWHR)…
Hotel Companies Implement Changes to Reduce COVID-19 Impact
NATIONAL REPORT—Many hotel firms, from brand companies to REITS, are changing their business policies in order to slow down the…
Update: Caesars Properties, Venetian Join Closed Las Vegas Hotels
UPDATED: Caesars Entertainment has temporarily suspended operations of all of its Nevada hotel-casinos in Nevada, including nine in Las Vegas.…