Choice Hotels International Inc. (NYSE: CHH) has put forth an offer to acquire all the outstanding shares of Wyndham Hotels & Resorts Inc. (NYSE: WH) at a price of $90.00 per share, payable in a mix of cash and stock and totaling $7.8 billion. However, Wyndham...
A candidate for president talks about the housing market, a hospitality group does not want Los Angeles homeless people in the city’s hotels, and an old Iowa jail is up for sale. From the wild and wooly world of real estate, here are our hits and misses for the week...
CBRE (NYSE:CBRE) reduced its 2023 forecast for hotel performance, citing a weaker-than-expected summer demand that created a second quarter revenue per available room (RevPAR) shortfall. The revised forecast is now predicting a 2023 RevPAR of $96.64, up 4.6%...
The real estate investment trust Park Hotels & Resorts (NYSE:PK) is defaulting on the loan for two of its San Francisco hotels, which it is releasing from its portfolio after citing concerns on the city’s “street conditions” and economy....
As the Walt Disney Co. (NYSE:DIS) prepares to shutter its Star Wars: Galactic Cruiser hotel in Orlando, it is also offering a preview of what to expect from the Pixar Place Hotel at Disneyland Resort in Anaheim, California. The 15-story establishment is a reimagining...
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
