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MGM Resorts International announced that it has reached an agreement sell the activities of The Mirage Hotel & Casino to Hard Rock International for $ 1.075 billion in cash, reports HNN’s Terence Baker. The resort’s casino real estate is owned by MGM Resorts’ spin-off real estate investment trust, MGM Growth Properties, which is acquired by Gaming REIT Vici Properties.
Jake Waller, chief executive of gaming company consultancy New World Gaming, said the deal indicates that the US hotel transaction market is not being held back by the pandemic.
âThe US market is still buying and selling. It is not immune to COVID-19, but it is changing much faster than the rest of the world, âhe said.
Aimbridge Hospitality, the world’s largest third-party hotel management company, acquired Prism Hotels & Resorts, a third-party hotel management, investment and advisory firm, reports HNN Bryan Wroten in an exclusive article. The agreement brings together the Dallas Prism team of 2,145 employees and 48 hotels under the umbrella of Aimbridge.
In an interview, Aimbridge President and CEO Mike Deitemeyer said his company’s interest in exploring hotel receivership led executives to seek advice from the President and CEO. Prism management Steve Van.
âThey were leaders in space and really created a unique niche in space, and that got us to reach out to Steve,â Deitemeyer said. “The reality is … Prism brings more than that, but that was really the catalyst at the start of the conversation.”
State of california issued a new indoor mask warrant which will expire Jan. 15, reports the Los Angeles Times. The new requirement comes after concerns about a winter increase in the delta variant of COVID-19 and the new omicron variant.
Los Angeles County, Ventura County and most of the San Francisco Bay Area have had their own indoor mask mandates since the summer, the article said. The state’s tenure will be a new requirement for about half of the state’s population.
‘Coronavirus case rates have risen 50% in the past two and a half weeks, and state county health officials say they suspect they could witness the start of a winter jump in cases of coronavirus, âthe article reads. “The United States Centers for Disease Control and Prevention considers California to have a high level of transmission of the coronavirus, the worst level on the federal agency’s four-level scale.”
Over 20,000 Kentucky residents lack electricity while over 10,000 lack water following the series of tornadoes that hit the state over the weekend, reports USA Today. Tornadoes have killed 74 people in the state and rescuers continue to search for survivors.
Asian American Hotel Owners Association President and CEO Ken Greene released statement encourage hoteliers to donate to relief efforts and providing rooms for displaced families and first responders.
In an updated statement, AAHOA is asking members affected by the tornadoes to contact Regional Director Mid-South Harikrishna (HK) Patel at [email protected] or to AAHOA directly for further help, assistance and support.
âIf we don’t know you’ve been hit by the storm, we can’t help you and we have a whole army of AAHOA volunteers and other community leaders standing by your side,â Patel said. .
The omicron variant of COVID-19 complicated vacation travel, especially international travel, reports the Washington Post. The wave of new travel restrictions and blockades has prompted many potential travelers to postpone or cancel their trips.
Both the US and UK have implemented pre-testing requirements for international visitors, and the UK has also implemented a new lockdown. As of November 29, Japan stopped allowing non-resident aliens to enter the country for a month. The Philippines began reopening to vaccinated travelers in November, but the government has since closed its borders to many foreigners.
Emma Webb, an American, told the newspaper she was planning a trip to the UK over the holidays so her family could meet her son who was born shortly before the start of the pandemic. She had to cancel the trip due to the UK lockdown.
âI wonder if my family will ever meet my child,â said Webb. “I can’t see a world where there isn’t another variant appearing.”
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