In August, U.S. hotel occupancy was flat at 71.4%, and a 0.9% ADR increase to $132.47 drove RevPAR up 0.9% to $94.55.
The 125-suite hotel, located at 2660 South Central Expressway, will operate as a Marriott franchise, owned and managed by Atlantic Hotels Group of Dallas, Texas.
Mandarin Oriental Hotel Group has announced that it will manage a luxury hotel in Nanjing, the capital of Jiangsu Province in China, scheduled to open in 2022.
Banyan Investment Group today announced that the company completed the acquisition of the 101-room Hotel Indigo Tuscaloosa Downtown in Ala.
MGE has entered into a multi-year agreement with JC Hospitality to operate the 60,000-square foot gaming space at the soon to be Virgin Hotels Las Vegas, part of Curio Collection by Hilton, contingent on the successful completion of construction and pending MGE's regulatory approval by the Nevada Gaming Commission.
The announcement follows approval of the transaction by Chesapeakes shareholders at a special meeting of Chesapeake shareholders held on September 10, 2019. Based on Parks closing stock price as of September 17, 2019, the total transaction value is approximately $2.5 billion, inclusive of transaction costs.