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A ‘BIT’ About Protecting Foreign Investments

A ‘BIT’ About Protecting Foreign Investments

Investing abroad may present lucrative opportunities in the form of new markets and customers. Hospitality companies, however, often face unique challenges when doing business abroad. For example, in 2009, Venezuelan President Hugo Chavez ordered the expropriation of a Hilton-run hotel ...

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MGM Purchases Borgata Hotel Casino & Spa

MGM Purchases Borgata Hotel Casino & Spa

LAS VEGAS—MGM Growth Properties and MGM Resorts International completed the transactions for the acquisition of Borgata Hotel Casino & Spa following MGM Resorts’ purchase of Boyd Gaming’s stake in Borgata. MGP acquired Borgata’s real property from MGM Resorts and leased ...

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$26 Million Doral DoubleTree Miami Breaks Ground

$26 Million Doral DoubleTree Miami Breaks Ground

NORTH PALM BEACH, Fla.—American Opportunity Regional Center was joined by its long-standing partner, Driftwood Hospitality Management, to celebrate the groundbreaking of the new EB-5 property, the Doral DoubleTree by Hilton in Miami, Fla. The $26 million project, which will be ...

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Rockbridge Acquires Hilton Garden Inn Nashville

Rockbridge Acquires Hilton Garden Inn Nashville

COLUMBUS, Ohio—Rockbridge announced the acquisition of the Hilton Garden Inn in the SoBro district of Nashville, Tennessee. The property is located on South Broadway in very close proximity to the Music City Center, Bridgestone Arena, Convention Center, and downtown entertainment ...

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Coast Hospitality Expands from Within

Coast Hospitality Expands from Within

When Doug Rigoni took a job as a banquet houseman the summer after he graduated high school, he didn’t expect to use the experience as a stepping stone toward a long career in the hospitality industry. Now president and CEO ...

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Residence Inn Los Angeles Pasadena/Old Town Opens

Residence Inn Los Angeles Pasadena/Old Town Opens

PASADENA, Calif.—R.D. Olson Development, in partnership with Joseph Martelli Real Estate Investments, has opened the five-story, 144-room Residence Inn Los Angeles Pasadena/Old Town in Pasadena, Calif. Executives from R.D. Olson Development, Marriott International, and project general contractor R.D. Olson Construction ...

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