Tag: news in brief
Cities Adding Rooms to Attract Conventions
Despite continuous updates to downtown areas, many cities are finding that improvements are rendered meaningless to meeting planners without a convention hotel present, says...
Study Reveals CEO Turnover Rates
AETHOS Consulting Group has released the findings its 2015 Hotel CEO Turnover Study, revealing that 2014 experienced the lowest turnover rate since 2004. According...
Tech Mogul Drops $71.6 Million on Palo Alto Hotel
Larry Ellison, co-founder of Oracle Corp., has purchased a California hotel for $71.6 million–roughly $832,500 per room, according to Silicon Valley Business Journal.
The Epiphany...
Rambleside Offers $507 Million to Morgans Hotel Group
Rambleside Holdings, a real estate investment firm, has offered to buy two hotels owned by Morgans Hotel Group for $507 million. Morgans is currently...
Gemini Real Estate Files for Bankruptcy
Gemini Real Estate Advisors has filed a Chapter 11 reorganization petition with the US Bankruptcy Court for four of its investments, according to GlobeSt.com....