Development

empo by Hilton launches with 30 hotels under development and 30 more pending deals

Caesars Entertainment Corporation (NASDAQ: CZR) and VICI Properties Inc. (NYSE:VICI) today announced they have signed an agreement to sell Harrah's Reno Hotel and Casino to an affiliate of CAI Investments for $50 million.

Starwood Capital Group, a leading global private investment group, announced today that The Grand Hotel, housed in one of Birmingham's most iconic buildings overlooking the city's Colmore Row, will once again open its doors to the public in the summer of 2020, following a restoration that will return the city centre landmark to its former glory.

InterContinental Chiang Mai Mae Ping marks first signing of the agreement

Founded in 1958, Sugarbush Resort is a year-round mountain destination located in the scenic Mad River Valley of Vermont with two distinct mountains – Mt. Ellen and Lincoln Peak – that are joined by a two-mile high-speed quad.

New hotel will be a premier property for Hyatt Regency brand in Malaysia, marking the brand’s return to Kuala Lumpur

MGM Resorts International (NYSE: MGM) today announced that it has entered into a definitive agreement pursuant to which a newly formed joint venture between MGM Growth Properties LLC and Blackstone Real Estate Income Trust will acquire the MGM Grand Las Vegas real estate assets in a transaction valued at approximately $2.5 billion, which represents a multiple of 15.75x rent.

Eldorado Resorts, Inc. (NASDAQ: ERI) announced yesterday that it has entered into a definitive agreement to sell the Eldorado Resort and Casino in Shreveport, Louisiana to Maverick Gaming LLC for $230 million in cash, subject to a working capital adjustment.

The Mondrian brand comes to Europe

SO/ Hotels & Resorts, together with Sotogrande SA have signed a management agreement to open the first SO/ property in Spain. SO/ Sotogrande Resort & Spa will reflect the brand's rebellious luxury in this idyllic setting within the Costa del Sol.