Bally’s Plans 3,000-Room Resort Around New Las Vegas Ballpark
Skift Take
Bally’s Las Vegas will be built in phases, eventually featuring 3,000 hotel rooms. Plus, more hotel deal and development news.
The DJIA rose 69 points while the Nasdaq was up 107, the S&P 500 was up 18 points, and the 10-year treasuries finally found some buyers, with the yield falling .05 to 4.14%. Lodging stocks were modestly higher. SOND was down another 6% on the day.
BofA Securities gave Choice Hotels International a double downgrade, cutting its rating from Buy to Underperform with a $110 price target.
Ivy Hospitality has been awarded the management contract for the 157-room The Tudor Arms Hotel Cleveland, a DoubleTree by Hilton. Located in the University Circle neighborhood of Cleveland, Ohio, the 12-story property features 157 guestrooms and suites, an onsite dining, a business center, a rooftop patio, an indoor pool, an onsite snack store, and a gift shop.
Construction will start next year on Ocean Kamp, a resort with San Diego County’s first artificial wave surfing lagoon, a 300-room hotel, retail shops and up to 667 homes in Ocean
