Wheelock Street may acquire the $458M Historic Cavalier resort in Virginia Beach, as Moon Palace opens 2,171 suites in Punta Cana. Plus, more hotel deal and development news.
Deicorp announced a partnership with hotel operator Trilogy Hotels and Marriott International to bring Courtyard by Marriott back to Sydney. Plus, more hotel deal and development news from APAC.
BofA Securities says the lodging sector beat Q1 earnings by about 5% on average, but high expectations muted investor reactions. Plus, more hotel deal and development news.
IHCL survived the Iran war with its record run intact, but the episode was a sharp reminder that even India's biggest hotel company can't fully insulate itself from a war it has nothing to do with.
A strong first quarter for most hotel groups. AHLA released its FIFA World Cup hotel outlook as Marriott, Hilton, and Wyndham report solid early bookings despite concerns. Plus, more hotel deal and development news.