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JLL’s Hotels & Hospitality Group announced today that it has closed the sale of 525 Lexington Ave., a 35-story, 655-key, full-service hotel in New York City’s Midtown East neighborhood. The parties have agreed to not disclose the purchase price.
President Joe Biden took swipes at airlines and hotels Wednesday as he called on Congress to limit certain extra charges they impose on consumers.
Hilton (NYSE: HLT) recently announced the signing of its second property in the city of Marsa Alam, Hilton Marsa Wazar Red Sea Resort & Spa. In partnership with Boulevard for Tourism Development, the property will be operated under the Hilton Hotels & Resorts brand.
Hotels in non-gateway cities posted higher quarterly and yearly gains relative to gateway cities, with the non-gateway hotels’ prices increasing 4 percent for the quarter, compared to 2 percent for gateway properties.
Rebrand plans include $110 million transformative renovation to hotel’s guestrooms and public areas, as well as an expansion of meeting and event space
Resort to Open in 2025
The 549-room indoor water park resort was officially announced today during a groundbreaking event and is expected to start welcoming guests by mid-2025.
Over the past two years, 36 alumni from the Cornell University Nolan School of Hotel Administration have come together to develop and fund a program designed to attract more disadvantaged and underrepresented Black students to study hospitality and tourism.
Searches up 40% and International Beach Destinations Back on the Map
With these additions, Curator has grown to 98 members, expanding their footprint in Napa Valley, the rapidly expanding Austin market, and the coast of historic Connecticut.