MGM Strikes Deals for Two Las Vegas Properties

CFO Magazine · 16 Oct

MGM Resorts International and Blackstone Real Estate Income Trust are forming a joint venture that will buy MGM’s Bellagio real estate and lease it b

MGM Monetizes Bellagio, Sells Circus Circus, in $5B Deals

hotelbusiness.com · 16 Oct

In its continued strategy to go asset light, MGM Resorts International has entered into a definitive agreement to form a joint venture with Blackston

These Hotels Are Sporting New Looks

hotelbusiness.com · 16 Oct

Hotels and resorts are undergoing restoration projects, full-scale transformations, and more. Here's a at recent renovations.

10 Items To Include In Your Hotel Marketing Budget
10 Items To Include In Your Hotel Marketing Budget — By Stephanie Smith

Cogwheel Marketing · 16 Oct

Here are some must-have digital marketing items to include and how to think through that process. Note fro branded hotels: be sure you understand what the brand does for you, and what you need to handle at the hotel level. The brand sets aside funds for branding but generally does not make its way down to promote specific hotels. For Marriott, you have the option to opt into Marriott Digital Services. If you are a Hilton, you are automatically enrolled in Hilton Advance and can opt into Hilton Amplify and Elevate.

Hodges Ward Elliott Arranges Sale of Freehand Hotel Portfolio

Lodging Magazine · 16 Oct

New York - Hodges Ward Elliott (HWE), an independent hotel brokerage and investment-banking firm with eight offices throughout the U.S., announced th

From Fintech to Hospitality: A Look at Singapore’s Innovation Labs
From Fintech to Hospitality: A Look at Singapore’s Innovation Labs

EHL · 16 Oct

They vary in their method of funding, time span horizon, level of formality and freedom versus employer ties. Some address market gaps or seek to sol

MGM sales with Blackstone, Phil Ruffin total more than $5B
MGM sales with Blackstone, Phil Ruffin total more than $5B

Hotel Management · 16 Oct

The company is selling Bellagio and Circus Circus Las Vegas as part of its move toward becoming asset-light.

Accor signs up with Global Premium Hotels

eHotelier.com · 16 Oct

After inking a deal with Global Premium Hotels, Accor will be unveiling 13 new ibis budget hotels in Singapore.

News from around the APAC region, October 16, 2019
News from around the APAC region, October 16, 2019

4hoteliers.com · 16 Oct

Hotel industry and travel news from around the Asia Pacific region: Singapore reveals master plan to reshape Sentosa and Brani Island.

What a difference a year makes: Where the hotel real estate market is today
What a difference a year makes: Where the hotel real estate market is today

Hotel Management · 15 Oct

The hotel real estate market is very different from what it was a year ago. Today, the best path is forward.

Planet Hollywood identifies opportunity in all-inclusives
Planet Hollywood identifies opportunity in all-inclusives

hotelbusiness.com · 15 Oct

All-inclusive properties sometimes fall victim to bad reps--frugal, compromised amenities and services--but as travel preferences and guests are chan

5 Takeaways From the UK's Thomas Cook Inquiry

skift.com - Travel Services · 15 Oct

Inquiries like these are often pretty brutal on company executives. Former CEO Peter Fankhauser shoulders a lot of responsibility for what went down

Colwen Hotels Announces Terry Bickhardt as Senior Vice President - Acquisitions and Asset Management
Colwen Hotels Announces Terry Bickhardt as Senior Vice President - Acquisitions and Asset Management

Colwen Hotels · 15 Oct

Colwen Hotels is one of the leading lifestyle hospitality companies in the United States that develops and manages award-winning hotels in the Northe

Colwen Hotels Announces Dave Rebich as Chief Financial Officer
Colwen Hotels Announces Dave Rebich as Chief Financial Officer

Colwen Hotels · 15 Oct

Colwen Hotels is one of the leading lifestyle hospitality companies in the United States that develops and manages award-winning hotels in the Northe

Generator Purchases Freehand Hotels for $400 Million
Generator Purchases Freehand Hotels for $400 Million

Business Travel News (BTN) · 15 Oct

London-based Generator, a hospitality company that launched in 2011 with design-centric hostels, has purchased the New York-based Freehand Hotels and

ActiveGuard Saves Large Metro Hotel $500,000 Per Year
ActiveGuard Saves Large Metro Hotel $500,000 Per Year

hotelbusiness.com · 15 Oct

Large cities are home to hundreds of hotels, all of which are at risk of bed bug infestations. One hotel with a persistent bed bug problem found Acti

Mixed Fortunes For Europe's Hotel Industry

Duetto Research Blog · 15 Oct

Seven trending hotel news stories that will impact your hotel Revenue Strategy.

Holiday Inn Club Vacations Expands Williamsburg Resort

Lodging Magazine · 15 Oct

Orlando, Fla. - Holiday Inn Club Vacations Inc., a national vacation ownership company, has opened a new four-story building at its Holiday Inn Club

Sands-Sphere Station Will Get Las Vegas Monorail Closer to Completion

Professional Convention Management Association (PCMA) · 15 Oct

The addition of the Sands station to the system would connect more than 30,000 hotel rooms and more than 8 million square feet of convention space.

Airline fraud on the rise, finger pointed at loyalty programs and data breaches
Airline fraud on the rise, finger pointed at loyalty programs and data breaches

PhocusWire · 15 Oct

Online fraud attacks on airlines are increasing with loyalty schemes often the target, according to a report from Forter.

Exclusive video: Wyndham's Joon Aun Ooi on the company's rapid SE Asia and Pacific Rim growth
Exclusive video: Wyndham's Joon Aun Ooi on the company's rapid SE Asia and Pacific Rim growth

hotelmanagement.com.au · 15 Oct

Wyndham's President and MD for South East Asia and the Pacific Rim, Joon Aun Ooi, talks to HM about the company's solid growth, new brands and much m

Cvent urges MICE Professionals to embrace entrepreneurial spirit

hotelmarketing.com · 15 Oct

CEO and Founder Reggie Aggarwal delivered an inspirational keynote speech to more than 1,300 event and hospitality professionals at the third annual

A Guide to the Big Ideas and Debates in Corporate Governance
A Guide to the Big Ideas and Debates in Corporate Governance

harvardbusiness.org · 14 Oct

The questions that boards, managers, and shareholders should be asking.

A smart way for hotels to approach economic downturns
A smart way for hotels to approach economic downturns — By Margaret Ady

apaleo GmbH · 14 Oct

Unless you're living a version of The Truman Show, you've seen the word recession floating around the web-o-sphere recently. The Marriotts and Hyatts of the world have been noticed using words like caution in light of the potential for the U.S., Britain, Germany, Japan, and Brazil to see a recession as soon as 2020. Further, North American hospitality and leisure CEOs are reportedly showing a decline in their confidence about revenue growth, according to PwC (AdWeek). From Brexit to various trade wars, to protests in Hong Kong, there's plenty to be concerned about. But don't panic; studies show that's a bad move. It's most important to start thinking carefully about how to handle a downturn in business if it comes.

IHG Signs Agreements for Growth in Europe
IHG Signs Agreements for Growth in Europe

hotelbusiness.com · 14 Oct

InterContinental Hotels Group (IHG) signed three MDAs at the trade show Expo Real here, which will bring more than 50 hotels to the continent. The de

Blackstone sells 3 Alaska hotels to Columbia Sussex
Blackstone sells 3 Alaska hotels to Columbia Sussex

Hotel Management · 14 Oct

Columbia Sussex bought a Hilton Garden Inn, a Hampton Inn and a Homewood Suites by Hilton, adding 348 rooms to its portfolio.