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State Department Leaves Waldorf-Astoria Following Chinese Sale

After decades of using New York's Waldorf-Astoria for the U.N. General Assembly, the State Department is moving its U.N. operations to New York Palace...

Historic Clinton Hotel Sells for $28.5 Million

LLCs linked to Think Hotel Group have purchased The Clinton Hotel in Miami Beach. The $28.5 million sale was four times more than its...

On the Move: This Week’s Comings and Goings

Marriott International Asia Pacific has announced the retirement of Simon F. Cooper, president and managing director of Asia Pacific. He will leave the company...

Job Growth for Accommodations Sector Slows

While still experiencing growth, the franchise job market experienced soft gains in May, according to the latest ADP National Franchise Report. The United States added...

Lotte Group Purchases New York Palace Hotel

The New York Palace Hotel in Manhattan has been purchased by South Korea-based Lotte Group. It was sold by Northwood Investors for $805 million. Hotel...
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