What a Deal!
Category: Articles  •  Date: 01/10/2018  •  Publication: Hotels Magazine  •  Author: Daniel Lesser  •  View the article
In the event that you missed a recent newsworthy major Las Vegas casino hotel sale transaction, the partially completed Fontainebleau Resort Las Vegas was acquired in August 2017 for US$600 million by a joint venture that included Witkoff and New Valley. Read More >
Harrah’s Las Vegas Tops 2017’s US Single-Asset Sales
Category: News and Events  •  Date: 01/09/2018  •  Publication: Hotel News Now  •  View the article
Totalling approximately $13.6 billion and 51,000 hotel rooms, the U.S. hotel sector in 2017 witnessed 182 single-asset deals, nine more than in 2016 and led by the $1.14 billion sale of the 2,530-room Harrah’s Las Vegas Hotel & Casino, Las Vegas, according to LW Hospitality Advisors’ 2017 Major U.S. Hotel Sales Survey. Read More >
The Worst Is Over For New York City’s Rock-Solid Hotel Market
Category: News and Events  •  Date: 01/08/2018  •  Publication: Bisnow  •  Author: Ethan Rothstein  •  View the article
New York City is still in the midst of an ongoing hotel supply boom that will continue until the end of the decade, but as thousands more rooms open every year, hotel owners are taking comfort in an enduring truth: Their buildings are just as full as they were before the construction wave hit.
Q4 2017 U.S. Lodging Market Update
Category: Articles  •  Date: 01/08/2018  •  Publication: Hotel Online  •  Author: Daniel Lesser  •  View the article
Driven by robust business and leisure travel, the U.S. hotel industry completed another year of record setting metrics including: Occupancy, Average Daily Rate, RevPAR, Available Rooms, Occupied Rooms, and Rooms Revenue. Read More >