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Airbnb Plans Dual Stock Sales

Investors have been eagerly awaiting an Airbnb IPO, but now the home-sharing company is reportedly planning a new funding round and an employee stock sale to push off the need to go public. The dual stock sales are expected to ...

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Brexit Strikes European Tourist Hotspots

U.K. travelers are the EU’s second-biggest international travel spenders after Germans, shelling out roughly $52 billion abroad. With Brexit hovering over Europe, airline, hotel, and leisure shares have dropped significantly, and tourist areas such as Dublin, Ireland, are dealing with ...

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On the Move: This Week’s Comings and Goings

On the Move: This Week’s Comings and Goings

Omni Hotels & Resorts has appointed Ken Barnes as the new chief information officer for the brand. In this role, he will be responsible for the strategic direction and oversight of all information technology. He will help drive Omni’s business ...

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Great Barrier Reef Tops Best Destination List

U.S. News & World Report has released its 2016 rankings of the World’s Best Places to Visit, as well as the Best Places to Visit in the U.S. The Great Barrier Reef topped off the former, and the Grand Canyon snagged ...

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Dual-Branded IHG Midtown Atlanta Hotel Completes Revamp

Dual-Branded IHG Midtown Atlanta Hotel Completes Revamp

ATLANTA—Spire Hospitality and InterContinental Hotels Group (IHG) have announced the completion of the Crowne Plaza and Staybridge Suites Midtown Atlanta hotel renovation. As the first dual-branded property for the two IHG brands, the hotel will cater to travelers coming to ...

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Carey Watermark Acquires Le Méridien Arlington

Carey Watermark Acquires Le Méridien Arlington

NEW YORK—Carey Watermark Investors 2, Incorporated (CWI 2), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired the Le Méridien Arlington. The hotel is part of a mixed-use development ...

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