Hotel

As Caesars’ biggest division emerges from bankruptcy protection, a number of potential investors have expressed interest in building resorts flying the company’s flags.

The deal, which includes 18 Marriott and Hilton brand hotels, is valued at $407.4 million.

Demand for hotel rooms is increasing throughout the rest of the country, in cities where there is not as much new construction, not just the top 25 markets.

Arik Kislin agrees with Jonathan Litt's idea for Lord & Taylor's New York City real estate.

Under the deal, each FelCor share will be converted into 0.362 shares of newly issued shares of RLJ common stock in a taxable merger.

Limited-service hotels tend to be cheaper to build, without the cost of developing and maintaining a commercial kitchen and dining area.