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Hotel Industry Praises Passage of TRIA

Hotel Industry Praises Passage of TRIA

The American Hotel & Lodging Association (AH&LA) today praised the U.S. Senate for passing legislation to reauthorize the Terrorism Risk Insurance Act (TRIA) in the wake of House passage yesterday, sending the bill to the President’s desk for signature. “We ...

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House Passes 40-Hour Bill

House Passes 40-Hour Bill

The American Hotel & Lodging Association (AH&LA) today praised the U.S. House of Representatives for passing the “Save American Workers Act of 2015,” sponsored by Rep. Todd Young and Rep. Dan Lipinski. According to AH&LA, this legislation addresses a flaw ...

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CPA:18 Acquires $72 Million Club Med Resort in Mauritius

CPA:18 Acquires $72 Million Club Med Resort in Mauritius

W. P. Carey announced today that one of its managed non-traded REITs, CPA:18 – Global, has acquired a 266-room resort hotel, La Plantation d’Albion Club Med, located in Albion, Mauritius, for approximately $72 million. The facility is triple net-leased to ...

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Bahamas Repeals Hotel Guest Tax

In order to attract more visitors and increase their value for money, the government of The Bahamas has reduced hotel taxes. The Ministry of Finance, in conjunction with the Ministry of Tourism, repealed the Hotel Guest Tax of 10 percent ...

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