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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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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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Sheraton Opens Georgetown Texas Hotel

Sheraton Opens Georgetown Texas Hotel

GEORGETOWN, Texas—Sheraton Hotels & Resorts has announced the opening of the Sheraton Georgetown Texas Hotel & Conference Center, a 222-room hotel located in the heart of Georgetown, Texas, and just 27 miles outside of Austin. The hotel offers ample meeting ...

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Tourism Spending Remains Bright Spot in Leisure

Tourism Spending Remains Bright Spot in Leisure

NEW YORK—U.S. leisure company growth will decelerate but remain positive for the balance of 2016, according to Fitch Ratings. Tourism spending remains a bright spot for the sector, outpacing total U.S. GDP growth as well as the leisure GDP subcomponent. ...

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Preferred Hotels Joins Forces with UnionPay International

Preferred Hotels Joins Forces with UnionPay International

CHICAGO—Today, Preferred Hotels & Resorts entered into a global partnership with UnionPay International as part of its continuous campaign to court the booming Chinese outbound market by making it easier for travelers to consume the independent hotel experience. Effective through ...

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CWI 2 Acquires San Diego Marriott La Jolla

CWI 2 Acquires San Diego Marriott La Jolla

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 San Diego Marriott La Jolla. The hotel includes 372 guestrooms and is ...

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