A historic hotel in downtown San Jose was sold for roughly half the price of its previous ownership transfer. SiliconValley.com reported the Hotel De Anza was acquired for $11.5 million by an ownership group led by Dhaval Panchal, a Northern California hotelier. The...
Hyatt Hotels Corporation (NYSE: H) is partnering with the Spanish tourism firm Grupo Piñero on a joint venture to manage the Bahia Principe-branded hotels and resorts and own the Bahia Principe brand. The joint venture encompasses 23 resorts totaling over 12,000...
The lodging franchisor Wyndham Hotels & Resorts has teamed with Reside, a residential hospitality management company, on a 10-year development relationship that brings five residence-style hotels that are open or under development to the Wyndham Residence brand...
The crossroads of politics and real estate, a new wave of restaurant closings and rats ruling in Chicago. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Oct. 21-25. Miss: Getting Data on Migrant Housing. Earlier this week,...
The New York City Council has voted to create a new licensing program for hotels. Hotel Management Network reports the newly passed Safe Hotels Act will require hotel operators to obtain a two-year operating license for a $350 fee. Hotels must also maintain front desk...
The largest mall in San Francisco’s downtown is heading to a public foreclosure auction on Nov. 14. The San Francisco Business Times reported First American Title Insurance Co. alerted mall operator Unibail-Rodamco-Westfield (URW) and Brookfield Asset Management that...
