The investment involves a perpetual preferred equity stake in the ARIA Resort & Casino and Vdara Hotel & Spa, properties owned by funds affiliated with Blackstone Real Estate. Blackstone will maintain full common equity ownership, with MGM Resorts International continuing to operate the properties.
Source: New feed

Waterford Hotel Group and Maverick Hotels & Restaurants have merged, expanding their combined portfolio to over 50 properties.
Source: New feed

MGM Resorts International will rebrand NoMad Las Vegas as The Reserve at Park MGM, with the transition set to be completed by December 17.
Source: New feed

Whitbread has acquired Victory House in Central London to convert it into a 200-room hub by Premier Inn hotel.
Source: New feed

Hilton plans to expand its luxury and lifestyle hotel portfolio with several new openings scheduled for 2026 across various global locations.
Source: New feed

Hotel101 Global has entered a joint venture to develop a 429-room hotel in San Donato Milanese, Milan, Italy, with completion expected by 2028.
Source: New feed