Rio All-Suite Hotel in Las Vegas Sold for $516.3 Million

Under the terms of the agreement, Caesars will continue to operate the property pursuant to a lease for a minimum of two years and pay annualized rent of $45 million. The Buyer has the option to pay Caesars $7 million to extend the lease under similar terms for a third year.
Source: New feed

Ritz-Carlton Returns to Montenegro

The Ritz-Carlton, Montenegro is scheduled to open in 2024 and design plans for the hotel include 120 guestrooms and suites.
Source: New feed