Alterra Mountain Company Closes on Sugarbush Resort in Vermont

Founded in 1958, Sugarbush Resort is a year-round mountain destination located in the scenic Mad River Valley of Vermont with two distinct mountains – Mt. Ellen and Lincoln Peak – that are joined by a two-mile high-speed quad.
Source: New feed

MGM Grand Las Vegas Sold for $2.5 Billion

MGM Resorts International (NYSE: MGM) today announced that it has entered into a definitive agreement pursuant to which a newly formed joint venture between MGM Growth Properties LLC and Blackstone Real Estate Income Trust will acquire the MGM Grand Las Vegas real estate assets in a transaction valued at approximately $2.5 billion, which represents a multiple of 15.75x rent.
Source: New feed

Eldorado Shreveport Resort and Casino Sold for $230 Million in Cash

Eldorado Resorts, Inc. (NASDAQ: ERI) announced yesterday that it has entered into a definitive agreement to sell the Eldorado Resort and Casino in Shreveport, Louisiana to Maverick Gaming LLC for $230 million in cash, subject to a working capital adjustment.
Source: New feed

SO/ to Open Its First Hotel in Spain

SO/ Hotels & Resorts, together with Sotogrande SA have signed a management agreement to open the first SO/ property in Spain. SO/ Sotogrande Resort & Spa will reflect the brand's rebellious luxury in this idyllic setting within the Costa del Sol.
Source: New feed

Fiesta Restaurant Group, Inc. Announces Taco Cabana Closures

Fiesta Restaurant Group, Inc. yesterday announced that it will close 19 Taco Cabana restaurants in Texas, effective immediately. Nearly all employees impacted by the closures will be offered positions at other Taco Cabana locations.
Source: New feed

Hotel Nikko Kaohsiung to Open 2023 in Taiwan

Okura Nikko Hotel Management Co., Ltd., a subsidiary of Hotel Okura Co., Ltd., announced yesterday that it will open the Hotel Nikko Kaohsiung in 2023. The company has contracted with Fanlu Construction Industry Co., Ltd., to manage the new property, with the support of an investment by Daiwa House Industry Co., Ltd. and Continental Development Corporation.
Source: New feed