The allure of a 'home away from home' has enticed many expats to purchase a vacation home.
The owner of the largest number of U.S. casinos has agreed to sell four properties to an affiliate for $2.2 billion.
The number of hotel rooms under construction in the U.S. increased 31 percent in January, compared to a year ago. The hotel development pipeline includes 2,966 projects with 361,299 rooms, according to the STR's January pipeline report.
La Quinta Holdings Inc, a U.S. hotel chain backed by equity giant Blackstone Group, plans to raise up to $100 million in an initial public offering. The company filed with the Securities and Exchange Commission this week, with J.P. Morgan and Morgan Stanley as underwriters
It's official. Soccer star David Beckham will bring an MLS franchise to the city of Miami. Mr. Beckham held a highly-anticipated press conference yesterday alongside MLS commissioner Don Garber and Miami-Dade County mayor Carlos Jimenez.
Four Seasons Hotels Inc. has more than 60 new projects currently in development.
The U.S. hotel industry's performance improved in the fourth quarter of 2013, according to the latest report from STR Global. The national occupancy rate increased 1.8 percent to 57.5 percent year-over-year.
Starwood Hotels & Resorts Worldwide has sold The St. Regis Bal Harbour Resort to Qatar's largest development company.
The total active U.S. hotel development pipeline increased by 14.9 percent in December, compared to the previous year, according to a report from STR Global. The pipeline includes 2,877 projects, totaling 349,317 rooms.
Marriott International Inc. has finalized the sale of the London EDITION and agreements for sale of the Miami EDITION and the New York EDITION. The purchaser was companies ultimately owned by the Abu Dhabi Investment Authority.
The State of Florida's official tourism arm will receive a record $100 million in annual funding to increase marketing to domestic and international visitors, a move that could prove beneficial to hotel owners and investors.
Earlier this week, Marriott International Inc. announced the opening of the tallest hotel in North America. The two-brand hotel tower is located in Midtown Manhattan. It houses the 378-room Courtyard hotel and the 261-suite Residence Inn.
Starwood Hotels & Resorts Worldwide signed 152 new hotel agreements in 2013, representing the fourth consecutive year of increased signings and the highest number of new hotel deals signed since 2007.
Marriott International Inc. is opening the tallest hotel in North America today, a two-brand hotel tower in Midtown Manhattan. Located at 1717 Broadway, the building houses the 378-room Courtyard hotel and 261-suite Residence Inn.
Related Colorado is preparing for healthy sales in its 152-unit, whole ownership condo-hotel development, the Viceroy Snowmass Hotel & Residences, during the current winter season.
Blackstone Real Estate Advisors has secured $186 million in financing for a 15-property select-service east coast hotel portfolio, according to Jones Lang LaSalle. Deutsche Bank provided the five year, floating-rate loan.
Global leisure rates are forecast to grow by approximately four percent through the holidays and remain strong in 2014, according to Pegasus Solutions. The world's largest electronic hotel transactions processor reported the overall leisure market performed better in November compared to last year.
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