Vivo Investment Group CEO Dan Norville talks about how his company shifted from hotel to multifamily units at a time when more affordable housing is needed.
Wyndham Hotels & Resorts announced plans for another 60 hotels under its Echo Suites brand as extended-stay hotels continue to outperform the broader industry.
The company wants a tax rebate, as well as legal costs and interest.
The distressed hotel investor has signed master lease agreements with two struggling Times Square hotels.
Park Hotels & Resorts stopped making payments on a $725M CMBS loan tied to two San Francisco hotels and plans to shed the assets from its portfolio.
The Doyle Collection hotel group saw turnover and profits almost triple in the year to December 31, 2022, while tourism numbers are up above 2019's volume.
The publicly traded hotelier is slowing its expansion, its latest filing shows, as unaudited year-end figures show its losses and legal costs increased in Q4.
Wyndham has once again rebuffed Choice's proposal, calling the latest offer a "step backwards" in negotiation proceedings.
Host Hotels has business interruption insurance, but the payouts are uncertain.
Wyndham's leaders said Choice's offer undervalues its growth potential and comes with major business and execution risks.
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