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New Initiatives Come Out of Another Taxing Year

New Initiatives Come Out of Another Taxing Year

As we enter 2016, we look back to 2015 as a year filled with a whirlwind of activity related to tangible property capitalization policies in the hospitality industry. Financial executives and tax accountants alike wrestled with unfamiliar terms such as ...

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Hersha Hospitality Sells Joint-Venture Interest in Seven Hotels

Hersha Hospitality Sells Joint-Venture Interest in Seven Hotels

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced the company has signed definitive agreements with Cindat Capital Management Limited to form a joint venture for 7 of the Company’s limited service hotels in Manhattan totaling 1,087 ...

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Minor Hotel Group Acquires Tivoli Hotels & Resorts

Minor Hotel Group Acquires Tivoli Hotels & Resorts

BANGKOK—Minor Hotel Group (MHG), owner and operator of hotels and resorts in 22 countries across Asia Pacific, the Middle East, Europe, South America, Africa, and the Indian Ocean, has announced the completion of the final stage of its acquisition of ...

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CBRE Group Undergoes Rebranding

CBRE Group Undergoes Rebranding

LOS ANGELES, Calif.—CBRE Group, Inc., a full-service real estate and investment organization, today announced the completed rebranding and integration of PKF Consulting USA, PKF Hospitality Research, and PKF Consulting Inc. (Canada) into its portfolio of global real estate services. Effective ...

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Atlantic City’s Borgata Invests $50 Million into Improvements

Atlantic City’s Borgata Invests $50 Million into Improvements

ATLANTIC CITY, N.J.—Atlantic City’s market-leading resort destination, Borgata Hotel Casino & Spa has announced plans to invest over $50 million into the improvement of its property throughout 2016. Borgata will commit significant capital investment across a broad range of projects—including ...

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