Regent Shanghai on The Bund Hotel to Open in 2023

InterContinental Hotels Group announced today that it has signed with Shanghai Seagull Holding Group Co., Ltd. to jointly open a luxury hotel – Regent Shanghai on The Bund. The hotel is scheduled to open in 2023 after renovations are completed, becoming the second Regent in Shanghai.
Source: New feed

VICI Properties Inc. to Acquire Remaining 49.9% Interest in MGM Grand Las Vegas and Mandalay Bay Joint Venture

Blackstone Real Estate Income Trust, Inc. and VICI Properties Inc. (NYSE: VICI) announced jointly today that they have entered into a definitive agreement in which VICI, currently owner of a 50.1% interest in the joint venture that owns MGM Grand Las Vegas and Mandalay Bay Resort, will acquire BREIT’s 49.9% interest in the joint venture for cash consideration of approximately $1.27 billion and VICI’s assumption of BREIT’s pro-rata share of the existing property-level debt.
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351 Key Hyatt Regency Jersey City Hotel, NJ Sold

Taconic Capital Advisors LP and HEI Hotels & Resorts, today announced that they have jointly acquired Hyatt Regency Jersey City from affiliates of Hyatt Hotels Corporation (NYSE: H) and Veris Residential Inc. (NYSE: VRE).
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IHG Signs First Vignette Collection Hotel in the Middle Eas

IHG Hotels & Resort has announced the signing of a management agreement with the Owners of Carlton Al Moaibed Hotel in Al Khobar, in order to transform the hotel into Saudi Arabia’s first Vignette Collection Hotel. The new property will be refurbished and is scheduled to be rebranded by 2024.
Source: New feed