Tag: finance
Hersha Hospitality Sells Joint-Venture Interest in Seven Hotels
PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced the company has signed definitive agreements with Cindat Capital Management Limited to...
Atlantic City’s Borgata Invests $50 Million into Improvements
ATLANTIC CITY, N.J.—Atlantic City’s market-leading resort destination, Borgata Hotel Casino & Spa has announced plans to invest over $50 million into the improvement of...
Loews Purchases Hotel 1000
NEW YORK—Loews Hotels & Resorts, a wholly owned subsidiary of Loews Corporation, has announced that it has entered into an agreement to purchase the...
Healthy Outlook for Hotel Spas
Coming out of the great recession, U.S. hotel operators struggled to earn revenue from sources other than guestroom rentals. However, in 2014, the industry...
FITCH: U.S. Lodging Cycle Entering the ‘Twilight Zone’
Sixty-four months into this recovery as of December 2015, the U.S. lodging cycle entered a twilight zone—an intermediate, unsettled, and often confounding area that...