Latest Hotel operators News

California Legislature OKs bill to help displaced workers

Apr. 15, 2021 19:40 PM EDT

SACRAMENTO, Calif. (AP) — Now that Gov. Gavin Newsom is letting more businesses reopen as coronavirus cases decline, the California Legislature on Thursday passed a bill requiring some hotels, stadiums other hospitality companies to offer laid-off workers their jobs back. ...

Pima County to get $2.1M to cover costs of asylum seekers

Apr. 14, 2021 23:35 PM EDT

TUCSON, Ariz. (AP) — County officials in southern Arizona have said the federal government will provide $2.1 million to cover the costs of supporting people crossing the U.S.-Mexico border seeking asylum. County Administrator Chuck Huckelberry said the Federal Emergency...

Bally's to pay $308M for Tropicana hotel on Las Vegas Strip

Apr. 13, 2021 20:07 PM EDT

LAS VEGAS (AP) — The Tropicana Las Vegas Hotel and Casino, a Sin City namesake, is being sold to a new entrant among Las Vegas Boulevard resort owners. Rhode Island-based Bally’s Corp. announced Tuesday it will acquire the iconic Strip property from Gaming and Leisure...

Tucson to house asylum seekers, migrants at city hotels

Apr. 13, 2021 16:34 PM EDT

TUCSON, Ariz. (AP) — The city of Tucson has contracted with local hotels to temporarily house people seeking asylum in the U.S. while awaiting the completion of a tent-like facility built by Customs and Border Protection. A statement Monday from Tucson Mayor Regina...

US to keep migrant families in hotels as amid rush for space

Apr. 10, 2021 01:16 AM EDT

Migrant families will be held at hotels in the Phoenix area in response to a growing number of people crossing the U.S.-Mexico border, authorities said Friday, another step in the Biden administration's rush to set up temporary space for them. U.S. Sen. Kyrsten Sinema was...

Pandemic impact may weigh on commercial real estate recovery

Apr. 08, 2021 11:22 AM EDT

LOS ANGELES (AP) — The distribution of COVID-19 vaccines is fueling optimism that Americans will increasingly return to the ways they used to shop, travel and work before the pandemic. That would be a welcome change for companies that own office buildings and hotels, or...

Hawaii vacation rental occupancy rates outperform hotels

Apr. 07, 2021 11:52 AM EDT

HONOLULU (AP) — Hawaii's vacation rental market has outperformed hotels in occupancy rates in every month since October. Vacation rental owners across the state have said the higher demand was prompted by pandemic-related attitude shifts that prioritize space and...

Detroit's Ilitch family buying half of Atlantic City casino

Apr. 07, 2021 11:15 AM EDT

ATLANTIC CITY, N.J. (AP) — A New York hedge fund said Tuesday it is selling as much as half its ownership of Atlantic City's Ocean Casino to the Ilitch family, which owns professional sports teams, a nationwide pizza chain and a casino in Detroit. Officials of Luxor...

Tribune to consider alternative, more lucrative buyout offer

Apr. 05, 2021 11:32 AM EDT

The company that owns the Chicago Tribune and other major U.S. newspapers said Monday that it would discuss a $679 million bid from hotel mogul Stewart Bainum and Wyoming billionaire Hansjörg Wyss that is higher than the $634 million offer from hedge fund Alden Global. ...

At Don CeSar on St. Pete Beach, the 1920s meet 2020s

Apr. 03, 2021 03:04 AM EDT

ST. PETE BEACH, Fla. (AP) — The landmark Don CeSar Hotel has added a two-story pool bar and rooftop lookout to its sprawling beachfront property, completing a three-year renovation project aimed at connecting the Roaring ’20s to the 2020s. At the Beacon Pool Bar and Lookout, visitors can...