Eldorado Resorts, Inc. (NASDAQ: ERI) announced yesterday it has signed a letter of intent to enter into a $400 million mortgage with VICI Properties Inc. (NYSE: VICI) that is secured by the recently opened Caesars Forum Convention Center in Las Vegas.
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Finalized on February 4, 2020, this is the first acquisition by the Ueberroth Family since they purchased Preferred Hotel Group, Inc. in March 2004, and represents the next step in CEO Lindsey Ueberroth's strategic vision to enhance the company's portfolio in making travel a positive force for people and the planet.
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-As part of a new three-way venture, BentallGreenOak (BGO), Flank Management LP (Flank), and Geolo Capital (Geolo) today announced the acquisition of the Hutton Hotel in Nashville, Tenn., in an all-cash purchase for an undisclosed price.
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Portfolio of Independent and Hilton-Branded Hotels Located in Fla., Okla., and Texas
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The Trump administration has ordered Marriott International to wind down hotel operations in Communist-run Cuba, a company spokeswoman told Reuters, extinguishing what had been a symbol of the U.S.-Cuban detente.
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Cross-border real estate investors are taking advantage of changing market conditions
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CHICAGO (June 8, 2020) – Today, World of Hyatt announced it will welcome members when they are ready to travel with the return of the Bonus Journeys global promotion. As part of Hyatt’s…
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InterContinental Hotels Group (IHG) announced the signing of a franchise agreement with Westmont Hospitality Group and funds managed by Oaktree Capital Management, L.P., for a property in the heart of Rome.
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IHG’s voco brand continues to expand in Australasia with the seventh hotel, voco South Melbourne, added to the pipeline.
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CHICAGO (June 3, 2020) – Guided by its purpose to care for people so they can be their best, Hyatt Hotels Corporation (NYSE: H) today announced an extension to its cancellation policy that will…
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