Wheelock Street may acquire the $458M Historic Cavalier resort in Virginia Beach, as Moon Palace opens 2,171 suites in Punta Cana. Plus, more hotel deal and development news.
Marriott achieved a record 94 signed deals in the region, an increase of 40% in signed transactions year-over-year. Plus, more hotel deal and development stories.
Park Hotels & Resorts sold five non-core properties for $198 million and exited three others on expiring ground leases this year. Plus more hotel deal news.
Sultan of Brunei reportedly bids $2 billion for Pierre Hotel, threatening IHCL's Taj brand management contract. Plus other hotel deal and development news.
Canada's domestic visitor spending is projected to grow more than 8.3%, more than double the year-on-year growth from last year. Plus, hotel deals and development news.
Braemar Hotels & Resorts Inc. has closed on the previously announced sale of the 369-room Marriott Seattle Waterfront in Seattle, Washington, for $145 million. Plus, other hotel news.