FTC Clears Caesars and Eldorado Merger
LAS VEGAS — Caesars Entertainment Corporation announced on June 26 that the Federal Trade Commission (FTC) has accepted a proposed consent order, which concludes...
Best Western Acquires Sweden Hotels
Phoenix, Ariz.—Best Western Hotels & Resorts announced that the company has added to its global portfolio Sweden Hotels–one of Scandinavia’s largest hotel groups. As...
Vail Resorts Closes its Acquisition of Peak Resorts
Broomfield, Colo. - Vail Resorts, Inc. has closed on its acquisition of Peak Resorts, Inc. for a purchase price of $11.00 per share. With...
Banyan Investment Group Acquires Two Hilton Hotels in Georgia
COLUMBUS, Ga.—Hotel investment and management company Banyan Investment Group has acquired and will operate two Georgia hotels in the Hilton brand family—the 120-room Hilton...
La Quinta-Wyndham Merger Expected at the End of May
IRVING, Texas—La Quinta Holdings Inc.'s Board of Directors has approved the spin-off of CorePoint Lodging in connection with previously announced plans to merge with...
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Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy...
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility...
The Bentley Hotel Southampton to Join JdV by Hyatt Brand
CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality,...
Gale Miami Hotel and Residences Partners With Stayntouch
BETHESDA, Maryland—Stayntouch announced a new partnership with Gale Miami Hotel and Residences, a 51-story, 688-room hybrid apartment/hotel in downtown Miami, Florida, set to open...
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