Kimpton Virgilio Opens as Brand’s First Boutique Hotel in Mexico City
Category: Development, Finance & Development, Openings
MEXICO CITY—Kimpton Virgilio, Kimpton Hotels & Restaurants’ first boutique hotel in Mexico City, has opened. Kimpton Virgilio delivers a balance between the operations of a boutique hotel and the support of IHG Hotels & Resorts. The property was developed by ZKC. Erick Vargas, general manager of Kimpton Virgilio, said, “We want every visitor to feel comfortable and close to multiple experiences. We will surprise all our guests with a service designed with each visitor in
Principal–Agent Relationships: Examining a Hotelier’s Liability for the Acts of Its External Service Providers
Category: Featured, Industry News
Hotel companies sometimes hire independent entities—persons or firms—to provide certain guest services. In most such cases, the laws of agency are in play: the hotel is the principal that empowers someone else (an agent) to act on its behalf and controls the methods used by the agent to carry out delegated tasks. Whether expressed through contract or implied through actions, the principal’s relationship to the agent creates a fiduciary relationship between the parties that requires the
MGM Resorts International Reports Q4 and Full-Year 2023 Financial Results
Category: Finance, Finance & Development
LAS VEGAS, Nevada—MGM Resorts International reported financial results for the quarter and year ended Dec. 31, 2023. “Our Las Vegas Strip Resorts and MGM China set new all-time records for full year and fourth quarter Adjusted Property EBITDAR,” said Bill Hornbuckle, CEO and president of MGM Resorts. “Our premium positioning and offerings in Las Vegas enable us to capture incremental profit during major events such as the inaugural Formula 1 race and our first Super
Marcus Hotels & Resorts Agrees to Jointly Acquire Loews Minneapolis Hotel
Category: Acquisitions, Finance, Finance & Development, Real Estate
MILWAUKEE—Marcus Hotels & Resorts announced that it has reached an agreement to jointly acquire the Loews Minneapolis Hotel with Hempel Real Estate and Robinson Park Investments. The terms of the agreement were not disclosed and are subject to the satisfaction of certain standard closing conditions. Upon closing, Marcus Hotels & Resorts will assume hotel management, which will be rebranded under another major global hotel system. “The agreement to purchase the Loews Minneapolis Hotel is consistent
Davidson Hospitality Names eTip as a Digital Partner for Cashless Tipping
Category: Operations, Smart Strategy
SAN FRANCISCO—eTip announced its designation as a digital tipping partner to Davidson Hospitality Group. As the demand for cashless tipping rises among hotel guests, hoteliers are turning to digital tipping to improve guest satisfaction, streamline tip management, and boost staff retention. “We look forward to this new era of using technology to redefine hospitality,” said Nicolas Cassis, co-founder and CEO of eTip. “Together with Davidson Hospitality Group, we’re setting the stage to empower guests to
