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
Whitbread has submitted a planning application for a new 104-bedroom Premier Inn hotel in Carlisle, aiming to begin development in 2026 with completion expected by 2028.
Source: New feed
The expansion will include the introduction of two lifestyle brands, Andaz and The Standard, in Lisbon.
Source: New feed
IHG Hotels & Resorts has reached a milestone of 50 years in Saudi Arabia, commemorating its long-standing presence since the opening of InterContinental Riyadh in 1975.
Source: New feed
The resort, located in Napa Valley, California, will feature 203 guest rooms and suites. The property is undergoing a multi-million-dollar redesign, led by DyeLot Interiors, to enhance its design and architecture.
Source: New feed