MGM MIRAGE (NYSE:MGM) and Herbst Gaming, Inc. announced today that they have completed their previously announced transaction involving the sale of Buffalo Bill's, Primm Valley and Whiskey Pete's hotel-casinos (collectively known as Primm Valley Resorts) located in Primm, Nevada to Herbst Gaming for $400 million.
Kingdom Hotel Investments announced the acquisition of a 100% stake in an existing hotel in Kunshan, China.
Starwood Hotels & Resorts Worldwide, Inc.(R) (NYSE:HOT)announced it has signed an agreement with Argus Developments Pty Ltd (a subsidiary of Tuscan Corporation) to develop the first aloft hotel in Australia, the aloft Sydney Airport, O'Riordan Street.
Crestline Hotels & Resorts, Inc. announced its appointment by an affiliate of Presidential Hotel Investors as the management company for two new hotels under construction at Baltimore's Inner Harbor.
Taj Enters the West Coast with 110-Room Luxury Hotel That Joins Taj Boston, The Pierre in New York as Third U.S. Property; More Acquisitions Planned
IHG Announces Plans For Third Hotel Indigo In Texas – Historical San Antonio conversion located minutes from World Famous Texas landmarks
Provides Entry to Underserved Chicagoland Market – Diversifies Cash Flow and Enhances Distribution Channels – Acquisition and Expansion Potential Aligned with Key Growth Strategies
Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) and its much-anticipated new lifestyle brand, aloft hotels, announced today it has signed a deal with Grande Properties, LLC to develop an aloft hotel in Mount Laurel, NJ.
Pod-like rooms of just 10sqm, Yotel, coming to Sydney
Vail Resorts, Inc. (NYSE:MTN) announced today that Roger McCarthy, Chief Operating Officer of its Breckenridge mountain resort and co-president of the Company's mountain division, has tendered his resignation effective May 4, 2007.