Property tax reform in Missouri, the future of Pope Leo’s childhood home, and Kim Jong Un’s beachfront resort. From the wild and wooly world of real estate, here are our Hits and Misses for the week of June 30-July 4. Hit: Public Involvement in Property Tax Reform. A...
Hyatt Hotels Corporation (NYSE: H) announced the sale of Playa Hotels & Resorts NV’s real estate portfolio for $2 billion to Tortuga Resorts, a joint venture between an affiliate of KSL Capital Partners LLC and Rodina. Hyatt acquired Playa earlier this year for...
The hotel chains Hilton (NYSE: HLT) and Marriott (NASDAQ: MAR) have announced respective plans to expand their presence across Africa. Hilton, which currently operates 63 hotels in Africa, is planning to add more than 100 locations across the continent over the coming...
Chicago-headquartered Hyatt Hotels Corporation (NYSE: H) has unveiled Unscripted by Hyatt, the newest brand in its Essentials portfolio. According to the company, the new brand is “designed for travelers who value the essentials and prefer spontaneity over structure.”...
A new US hotel sector forecast published by CBRE (NYSE: CBRE) is predicting revenue per available room (RevPAR) will grow modestly in 2025, with activity fueled by urban locations benefitting from increased group and business travel along with rising demand for...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
