Lodging & Hotel

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.

The Oak View Group plans to build an area just south of the Las Vegas Strip, serving as the centerpiece of a new entertainment hub.

The project will feature two hotels, apartments, condos and retail space. It will test investor appetites to bet on downtown Los Angeles.

The company, which closed on its acquisition of the resort last month with Vici Properties, is offering equity-like award to the resort’s 7,000 employees.

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.

Carriers slashed 151,000 flights globally through Feb. 1 in the first week the new variant appeared.

Understanding hotel and office investing in a pandemic-altered market.