EXCLUSIVE: 3 NorCal Hotels Named In Sex Trafficking Lawsuit
The lawsuit, filed on Thursday, involves three national hotel chains and Bay Area locations.
The lawsuit, filed on Thursday, involves three national hotel chains and Bay Area locations.
Developers are aiming for a mid-2021 delivery on the timeshare project.
Human trafficking cases against Houston hotels push national chains into federal court.
Hotel owners voiced optimism for 2022, with leisure exceeding 2019 levels and business travel projected to return to full capacity in the coming months.
The largest hotel companies reported better-than-expected earnings in the first quarter and raised their full-year projections due to a business travel bump.
The industry has clawed its way back from the dim days of the pandemic, with U.S. hotel occupancy averaging 63% during 2023.
Hospitality executives projected confidence in the strength of business and group travel in Q1 earnings calls. They were less certain about leisure trends.
Some hotel chains and REITs lowered growth expectations for the year in response to a softening market.
A class-action suit claiming that LuxUrban artificially inflated its share prices and defrauded investors can move to pretrial discovery, a federal judge rules.
Hyatt's $2.6B acquisition is set to close next year.
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