The hotel has been closed since March.
Ashford aims to raise $200M and might go bankrupt if it doesn't.
With 22,000 rooms in the construction pipeline and 20,000 rooms yet to reopen, it will take longer for New York City to recover.
The NoMad Hotel will reopen as Hotel Per La following its closure, which was caused by the pandemic.
Fragrance Group has made its largest UK purchase yet.
Several of the nation's largest hotel trusts have found ways to cut costs and speed their path to recovery from the pandemic-induced downturn.
If LA hits 72% occupancy, it will be good but still below 2019's 81% average.
The company has been embroiled in turmoil as it eyes taking over hotels across the country.
Panelists at Bisnow’s Chicago Hospitality Summit agreed the best investment strategy for hotels is acquisition as opposed to new development.
The bill, which came as a surprise to New York City’s hotel industry, passed in a landslide vote Wednesday.
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