An inhospitable year | Finance and Trade

Twin Cities hotels and other businesses that rely on high hotel occupancy rates for reliable revenue streams will not benefit from significant rebounds this year and may not achieve what may be a ‘new normal’ until 2023 or beyond. The promise of widely available COVID vaccines at the start of this year sparked hope in the hospitality industry that hotel ...

Read More »

Leanne Wong and Kayla DiCello advance to all-around and two event finals at gymnastics world championships

Kayla DiCello competes on the beam in the Women’s Qualification on Day 1 of the 50th FIG Artistic Gymnastics Championships on October 18, 2021 in Kitakyushu, Fukuoka, Japan. With Suni Lee, Simone Biles and the rest of the U.S. 2020 Olympics women’s gymnastics team moving on, two of the 2020 Olympics substitutes are stepping up.Leanne Wong and Kayla DiCello finished ...

Read More »

Maya Capital and AnaCap acquire office and hotel program in £ 125million deal

Maya Capital LLP and AnaCap Financial Partners have completed the acquisition of 160 Blackfriars Road in Southbank, London. The property consists of a 106,000 square foot office building and a ground floor commercial building currently 50% leased, as well as adjacent land for a licensed hotel project. Maya and AnaCap plan to undertake a major renovation of the existing office ...

Read More »

New Park Royal hotels planned in 2 states

New The Grand Royal Park of Cozumel. Royal Holiday hotel chain plans US $ 400 million investment Posted on Monday, October 18, 2021 Mexican hotel chain Royal Holiday plans to invest US $ 400 million to build new hotels in Baja California Sur and Quintana Roo. The resorts will be part of the Park Royal brand which has nine hotels ...

Read More »

LWHT Property Management buys hotel portfolio for $ 27 million

Seven hotel properties at 3601, 3621, 3623, 3711, 3801, 3811 and 3821 North Ocean Boulevard on North Ocean Boulevard are purchased for $ 27 million. (Lee and associates, Google Maps) A Coral Springs-based family-owned real estate investment company is causing a stir in Fort Lauderdale Beach. Affiliates of LWHT Property Management, headed by Tom Assouline, paid a total of $ ...

Read More »

Update on COVID-19 developments in Qatar | Miller Canfield

In May 2021, Qatar implemented the first phase of its national COVID-19 response plan for the gradual lifting of COVID-19 restrictions. On October 3, 2021, Qatar entered the fourth and final phase of the plan as the number of COVID-19 infections in Qatar continues to decline and more than 80% of Qatari residents are fully vaccinated. In September, Qatar’s Ministry ...

Read More »

Two of Maine’s coastal tourism hotspots look past the pandemic

Last year, when Mainebiz spoke with hoteliers in the Central Coast and Lower East Maine areas for our cover story on “Hotel Business Records”, the picture was mixed for the season. shortened from 2020. Here’s what we learned about 2021 from two owners as they prepared to retire for the year. Managers intervene in an understaffed complex In a typical ...

Read More »

UBM Development: and Accor open “Mercure Katowice Centrum”, receiving the PLGBC Green Building Award for sustainable real estate development

Focus on sustainability under the motto “Green & Clean” as the leitmotif of the Mercure Katowice Centrum hotel PLGBC Sustainable Building Award 2021 “Green & Clean: in tune with the times” Katowice, 14.10.2021. The celebrated grand opening of the Mercure Katowice Centrum marked the end of the work after a period of only two years. The hotel operating under the ...

Read More »

How Art Shapes Our Lives: The Mission Inn

An aerial view of the Mission Inn By Sal Maccarone Always on the lookout for historic art-oriented hotels to visit, I was lucky enough to come across a real gem. Completely lost in Riverside, California. on my way to another place, I turned a corner and it was there. At first it seemed like one of the California missions, but ...

Read More »

Developer buys 75-year-old Tahoe Biltmore hotel

The historic Tahoe Biltmore Lodge & Casino was purchased by a California developer who promises to turn the location into a “branded destination” for the area. According to Washoe County records, EKN Development Group has given up $ 56.8 million for the property. Before them it was owned by Boulder Bay LLC, which bought the casino for $ 28.6 million ...

Read More »