Hotel

Occupancies are unlikely to rise much higher than their current high level. And property prices are already so high they are unlikely to increase much more relative to incomes.

The complex is rising on land whose previous owners include two convicted felons, one with alleged mob ties.

The New York-based alternative-asset manager has amassed more than 100 select-service hotels in the U.S.

The partners are acquiring the 1,506-room, 800,000-sq.-ft. property for an undisclosed price.

The new hotel will be built on the site of the former Frontier hotel, across Las Vegas Boulevard from Wynn’s two existing properties.

The market for hotel rooms keeps getting better for hotel operators.

MGM has proposed to acquire 100 percent of VICI's outstanding common stock for $19.50 per share.