Lodging & Hotel

Some potential buyers have already passed on the property. The casino has been offered to private equity firms and other operators.

The comments follow a chaotic Easter break that saw understaffed airports and airlines swamped by large volumes.

The report from American Hotel & Lodging Association and Kalibri Labs projects that hotel business travel revenue will remain 23% down from 2019 by the end of this year.

CICC Capital is working the Chinese hotel chain’s management on the possible buyout bid.

Revenue grew 78 percent to $1.53 billion and net income reached $55 million, up from a loss of $3.9 billion in 2020.

Banyan Investment Group, based in Atlanta, Georgia, is now in the “best and final offer” stage of bidding in a half-dozen separate deals.