Lowers 2015 Forecast
Diamond Resorts International, Inc. (NYSE:DRII) announced yesterday that it has entered into an agreement with an affiliate of Och-Ziff Real Estate for the development of a new resort in Kona, Hawaii. The resort will be developed consistent with Diamonds approach to sourcing inventory in a capital-light, cost efficient manner. The resort is expected to offer 144 units.
Another crucial step for hotels in Europe to regain control over their offer
How they feel about the job market right now shows clear ties to what they think is coming for their region
Jobless rates were lower in June than a year earlier in 351 of the 387 metropolitan areas, higher in 28, and unchanged in 8. Nonfarm payroll employment was up in 317 metropolitan areas over the year, down in 61, and unchanged in 9.
The Marcus Corporation (NYSE: MCS) today announced it has signed an agreement for the sale of the Hotel Phillips in Kansas City, Mo. to an affiliate of Chicago-based Arbor Lodging Partners, a national owner and manager of hotels that makes both debt and equity investments in hospitality properties. Terms of the transaction were not disclosed.
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