Initial total annual rent under the lease with Hard Rock is $90.0 million and the lease has an initial term of 25 years, with three 10-year tenant renewal options.
Source: New feed

Hard Rock International (HRI) on Friday received regulatory approval from the Nevada Gaming Commission for its acquisition of The Mirage Hotel & Casino from MGM Resorts International.
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Several new hotel brands joined the industry in 2022, and Choice Hotels International's acquisition of Radisson Hotel Group's Americas business was among the biggest brand news of the year.
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Europäischer Hof, the founding hotel, located in Baden-Baden and acquired by Albert Steigenberger in the 1930s, is still putting its imprint on the European luxury hotel industry in the present day. To mark the progress attained in the construction work, Deutsche Hospitality hels a press conference, inviting guests to an exclusive opening tour of the Steigenberger icon Europäischer Hof.
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The $40 million Highlander Hotel Radford development project began in April 2021 and was made possible by a public-private partnership between Radford University, the Radford University Foundation, design firm Blur Workshop, Preston Hollow Capital, S.B. Ballard Construction Company, and Aimbridge Hospitality
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Weekly Hotel Industry Asia Pacific News Roundup from HVS
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Curator Hotel & Resort Collection today announced the addition of The Olive Ann in Grand Forks, North Dakota; Creekside Inn in Palo Alto, California; Hotel Los Gatos in Los Gatos, California, Hotel Griffon, King George Hotel and Inn at Union Square in San Francisco, California; and Eden Roc Miami Beach and Nobu Hotel Miami Beach, in Miami Beach, Florida, as their newest members.
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Marcus Hotels & Resorts, a division of The Marcus Corporation (NYSE: MCS), together with its co-owners, Skirvin Partners in Development (SPID), on Friday announced the sale of the Skirvin Hilton in Oklahoma City to Skirvin Hotel LLC for $36.75 million. Additional terms of the transaction were not disclosed.
Source: New feed

Set to open in the summer of 2023, Hôtel Swexan will serve as the crown jewel of the 19-city block Harwood District.
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Helbiz Kitchen will launch its menus in Los Angeles with Kitchen United
Source: New feed