Industry News
Hospitality
Top stories summarized by our editors
7/10/2020

Plans for a Hard Rock Hotel in the Kansas City suburb of Edwardsville, Mo., have been cast into doubt by the developer's lawsuit against the lender. One10 Hotel HRKC accuses Altos Groups of fraud and misrepresentation, claiming the finance firm admitted it couldn't come up with a $48 million loan after demanding a $13.8 million down payment.

7/10/2020

Choice Hotels International has raised the maximum aggregate amount of its recently announced tender offer by $20 million, to $180 million of senior notes. Other terms remain the same.

7/10/2020

Legoland California Resort in Carlsbad will begin its reopening with the Legoland Hotel, which will welcome guests starting July 17. The hotel will limit its capacity, require the wearing of face masks and institute enhanced cleaning procedures.

Full Story:
KGTV-TV (San Diego)
7/10/2020

Due to the surge of coronavirus cases in the US, the Bahamas' Atlantis Paradise Island has delayed its reopening to July 30 after previously scheduling an early July reopening. "Since we made that decision, the COVID-19 virus shifted from a steady decline to a recent surge in many of our key markets," wrote President and Managing Director Audrey Oswell.

Full Story:
TravelPulse
7/10/2020

Overall occupancy decreased in Duval County hotels by 6.1% during the week of June 28 after 11 weeks of growth as coronavirus cases rise in Jacksonville, according to a report from Visit Jacksonville. Five of the six tracked regions declined in occupancy, with beaches holding the highest occupancy despite a 19% decline.

7/10/2020

As part of its Casa Cares program, Casa de Campo has announced it is offering guests a special 50% off on the Classic or Garden luxury villas. The goal of the program is to keep travelers safe while visiting the Dominican Republic during the pandemic, so guests can social distance from their own personal villa.

Full Story:
TravelPulse
7/9/2020

The Nevada Gaming Commission has approved the $17.3 billion sale of Caesars Entertainment Corp. to Eldorado Resorts Inc., but the final say is left to regulatory bodies in other states. The Indiana Gaming Commission will meet this week and the Indiana Horse Racing Commission and New Jersey Casino Control Commission will meet next week to discuss the proposed deal.

7/9/2020

Hyatt has announced new summer and early fall travel perks for World of Hyatt members. The loyalty program members can enjoy free parking, bonus points on stays and point redemptions and triple points at participating Hyatt-dining outlets until Oct. 8.

Full Story:
Forbes
7/9/2020

The 622-room Renaissance Baltimore Harborplace Hotel has been sold for $80 million to the Buccini/Pollin Group. The seller, real estate investment trust Sunstone Hotel Investors Inc., has interest in 19 hotels but says it plans to focus on "long-term, relevant real estate."

7/9/2020

The hotel business along Florida's First Coast has seen steady growth in the wake of a pandemic that wrought record vacancies and even closures of some upscale properties. The robust occupancy levels of early 2020 aren't yet within reach, but Duval County hotels have seen three months of improvement.