Barry Diller’s publishing company People Inc. (NASDAQ: IAC) has submitted a surprise non-binding proposal to acquire MGM Resorts International (NYSE: MGM) in a $48.30 per share all-cash transaction that values the company at $18 billion. People Inc., publishes over 40...
Two of the world’s most prominent hospitality and gaming companies are being combined into a single entity as Fertitta Entertainment Inc. announced its acquisition of Caesars Entertainment Inc. (NASDAQ: CZR) in a $17.6 billion all-cash transaction that includes the...
Chicago is now home to the nation’s highest hotel tax after the City Council unanimously voted on Wednesday to create a Tourism Improvement District and raise the tax on hotel rooms within that district to 19%. According to the Chicago Sun-Times, the current combined...
Developers Deiso Moss and Cleary Interests announced the launch of public sales for The Ritz-Carlton Residences, Houston, the city’s first co-located hotel and condominium residences for the luxury lodging brand. Located in the city’s Uptown-Galleria district,...
A pair of hotels in downtown St. Paul, Minnesota, have temporarily closed over safety concerns after protestors claimed they were accommodating ICE agents. TwinCities.com reports the Hilton DoubleTree Downtown St. Paul sent letters to their guests telling them to find...
Inflation Expectations Hit Three-Year High as Rent Outlook Climbs to 6.8%
