Shaner Hotels, a State College, Pennsylvania-headquartered hotel owner, operator and developer, has announced an alliance between its Shaner Italia division and Dubai-based The First Group, a hospitality real estate developer and management company. The new alliance...
Marriott International Inc. (NASDAQ: MAR) announced the opening of its 100th property in Japan with the debut of the Four Points Flex by Sheraton Osaka Umeda. The new property also marks the first offering of the Four Points Flex by Sheraton brand in the Asia Pacific...
A new forecast from CBRE (NYSE: CBRE) is predicting a greater vibrancy for the US hotel industry in the fourth quarter following a subdued third quarter. CBRE is predicting a 0.5% increase in revenue per available room (RevPAR) growth for 2024, down from the...
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...
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...
Barings Buys $66.2 Million Orange County Retail Center as Grocery-Anchored …
