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Occupancy, revenue and room rates have dropped as fewer travelers are coming to the city.
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The city of San Francisco and Related California are partnering on a 41-story tower in FiDi featuring the first new five-star hotel in 20 years.
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The bill, which alarmed industry associations when it was introduced this summer, is gaining ground after negotiations.
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Hilton is rolling out its latest extended-stay brand, LivSmart Studios, which creates a more amenitized hotel experience for its patrons.
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The sale has a base price of $150M, with Hyatt agreeing to pay up to $185M more as additional hotels in the pipeline come into the portfolio.
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The Mayor’s Office of Special Enforcement is pursuing LuxUrban for fines incurred under its previous operating name, Bisnow can first report.
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Sonesta International Hotels and Mint Developers launched plans for an $850M residential and hotel project that will be 82 stories tall.
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The longtime former CEO and chairman of the troubled hotel company has filed for bankruptcy, months after LuxUrban filed for liquidation.
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The merger values the owner of 10 hotels throughout seven states at $2.25 per share.
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Illinois saw 2.16 million international visitors in 2023 and international visitors injected nearly $2.7B into the state's economy that year.
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