VICI Properties Inc. (NYSE: VICI) announced today that the Company has closed on the previously announced acquisition of the remaining 49.9% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort from Blackstone Real Estate Income Trust, Inc. for cash consideration of approximately $1.27 billion and VICI’s assumption of BREIT’s pro-rata share of existing property-level debt.
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The 322-room hotel and resort is located in Tusayan, Ariz. – only 7 miles from the South Rim entrance of Grand Canyon National Park, making it one of the closest lodging options to the park. Terms of the purchase are not being disclosed.
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CHICAGO (December 30, 2022) – Hyatt Place Hangzhou International Airport, the first Hyatt Place hotel in Hangzhou city, is officially open, expanding the Hyatt Place brand’s footprint globally…

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CHICAGO (January 9, 2023) – Hyatt Hotels Corporation (NYSE: H) today announced the opening of Hyatt Regency Izmir IstinyePark, located in Balçova, a charming district of Izmir and one of the…

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The new casino complex will include the first hotel to be built on the Brighton Seminole Reservation. It will feature 100 guest rooms on four stories, totaling 72,000 square feet. Guest rooms will include a mix of rooms with one king bed and two queen beds, plus three suites and a fitness center. 
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Tex-Mex Concept Unveils Development Plans for the New Year
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Focus Brands Boasts 175+ Open Co-Branded Units Alongside an Additional 65 in Development
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UK Hotel Transactions Rise but Still Lag 2019 Levels
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A consortium led by investment funds advised by Davidson Kempner Capital Management LP, and comprising operating partners Highgate and Kronos has completed the acquisition of leading Portuguese investment manager ECS Capital.
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IHG Hotels & Resorts has announced the signing of a management agreement with Satyadeo Hospitality Private Limited to convert Corbet Aamond Spa & Resort into India’s first voco hotel.
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